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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
SCHEDULE OF SUMMARIZED FINANCIAL INFORMATION | The changes in the performance results for the three months ended March 31, 2025, and 2024 by reportable segment / business unit are as follows: SCHEDULE OF SUMMARIZED FINANCIAL INFORMATION
|  | For the three months ended March 31, |  |  | Change |
|  | 2025 |  |  | 2024 |  |  | $ |  |  | % |
Revenues from external customers |  | $ | 288,878 |  |  | $ | 439,543 |  |  |  | (150,665 | ) |  |  | (34 | )%
Revenues from related parties |  |  | 21,975 |  |  |  | 194,249 |  |  |  | (172,274 | ) |  |  | (89 | )%
Cost of revenues |  |  | (89,853 | ) |  |  | (74,698 | ) |  |  | (15,155 | ) |  |  | 20 | %
General and administrative expenses |  |  | (850,373 | ) |  |  | (1,036,536 | ) |  |  | 186,163 |  |  |  | (18 | )%
Loss from operations |  | $ | (629,373 | ) |  | $ | (477,442 | ) |  |  | (151,931 | ) |  |  | 32 | %
The changes in equity-method investments, total assets, and capital expenditures for long-lives assets for the period ended March 31, 2025, and 2024 by reportable segment / business unit are as follows:
|  | As of and for the three months ended March 31, |  |  | Change |
|  | 2025 |  |  | 2024 |  |  | $ |  |  | % |
Investments in equity-method investees |  | $ | 12,073 |  |  | $ | 99,586 |  |  |  | (87,513 | ) |  |  | (88 | )%
Total assets |  | $ | 4,561,630 |  |  | $ | 6,270,902 |  |  |  | (1,709,272 | ) |  |  | (27 | )%
Expenditures for additions to long-lived assets |  | $ | - |  |  | $ | 4,400 |  |  |  | (4,400 | ) |  |  | (100 | )%
Digital business The changes in the performance results for the three months ended March 31, 2025, and 2024 by reportable segment / business unit are as follows:
|  | For the three months ended March 31, |  |  | Change |
|  | 2025 |  |  | 2024 |  |  | $ |  |  | % |
Revenues from external customers |  | $ | 26,256 |  |  | $ | - |  |  |  | 26,256 |  |  |  | - | %
Revenues from related parties |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - | %
Cost of revenues |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - | %
General and administrative expenses |  |  | (98,516 | ) |  |  | - |  |  |  | (98,516 | ) |  |  | - | %
Loss from operations |  | $ | (72,260 | ) |  | $ | - |  |  |  | (72,260 | ) |  |  | - | %
The changes in equity-method investments, total assets, and capital expenditures for long-lives assets for the period ended March 31, 2025, and 2024 by reportable segment / business unit are as follows:
|  | As of and for the three months ended March 31, |  |  | Change |
|  | 2025 |  |  | 2024 |  |  | $ |  |  | % |
Investments in equity-method investees |  | $ | - |  |  | $ | - |  |  |  | - |  |  |  | - | %
Total assets |  | $ | 761,542 |  |  | $ | - |  |  |  | 761,542 |  |  |  | - | %
Expenditures for additions to long-lived assets |  | $ | - |  |  | $ | - |  |  |  | - |  |  |  | - | %
Real estate business The changes in the performance results for the three months ended March 31, 2025, and 2024 by reportable segment / business unit are as follows:
|  | For the three months ended March 31, |  |  | Change |
|  | 2025 |  |  | 2024 |  |  | $ |  |  | % |
Revenues from external customers |  | $ | 15,646 |  |  | $ | 24,607 |  |  |  | (8,961 | ) |  |  | (36 | )%
Revenues from related parties |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - | %
Cost of revenues |  |  | (3,789 | ) |  |  | (6,176 | ) |  |  | 2,387 |  |  |  | (39 | )%
General and administrative expenses |  |  | 843 |  |  |  | (14,702 | ) |  |  | 15,545 |  |  |  | (106 | )%
Income from operations |  | $ | 12,700 |  |  | $ | 3,729 |  |  |  | 8,971 |  |  |  | 241 | %
The changes in equity-method investments, total assets, and capital expenditures for long-lives assets for the period ended March 31, 2025, and 2024 by reportable segment / business unit are as follows:
|  | As of and for the three months ended March 31, |  |  | Change |
|  | 2025 |  |  | 2024 |  |  | $ |  |  | % |
Investments in equity-method investees |  | $ | - |  |  | $ | - |  |  |  | - |  |  |  | - | %
Total assets |  | $ | 996,219 |  |  | $ | 1,690,794 |  |  |  | (694,575 | ) |  |  | (41 | )%
Expenditures for additions to long-lived assets |  | $ | - |  |  | $ | - |  |  |  | - |  |  |  | - | %
(b) By Geography The Company principally operates in three regions, including Hong Kong, Malaysia and China. The distribution of revenues and significant expenses for the three months ended March 31, 2025 by region is as follows:
|  | For the three months ended March 31, 2025 |  |  |  |
|  | Hong Kong |  |  | Malaysia |  |  | China |  |  | Total |
Revenues from external customers |  | $ | 217,832 |  |  | $ | 68,877 |  |  | $ | 44,071 |  |  | $ | 330,780 |
Revenues from related parties |  |  | 5,787 |  |  |  | 16,188 |  |  |  | - |  |  |  | 21,975 |
Cost of revenues |  |  | (46,143 | ) |  |  | (27,013 | ) |  |  | (20,486 | ) |  |  | (93,642 | )
Advertising and marketing expenses |  |  | (32,017 | ) |  |  | - |  |  |  | (3,328 | ) |  |  | (35,345 | )
Audit, legal and other professional fees |  |  | (93,180 | ) |  |  | (2,330 | ) |  |  | - |  |  |  | (95,510 | )
Consulting fees |  |  | - |  |  |  | (17,214 | ) |  |  | - |  |  |  | (17,214 | )
Depreciation and amortization |  |  | (25,764 | ) |  |  | (8,826 | ) |  |  | (25,428 | ) |  |  | (60,018 | )
Directors’ salaries and compensation |  |  | (167,220 | ) |  |  | - |  |  |  | - |  |  |  | (167,220 | )
Staff costs including salaries and allowances, pensions, and other benefits |  |  | (234,507 | ) |  |  | (78,304 | ) |  |  | (83,347 | ) |  |  | (396,158 | )
IT and computer expenses |  |  | (2,374 | ) |  |  | (49,469 | ) |  |  | (405 | ) |  |  | (52,248 | )
Other general and administrative expenses |  |  | (86,009 | ) |  |  | (27,516 | ) |  |  | (10,808 | ) |  |  | (124,333 | )
Loss from operations |  | $ | (463,595 | ) |  | $ | (125,607 | ) |  | $ | (99,731 | ) |  | $ | (688,933 | )
The distribution of investments in equity-method investees and total assets as of March 31, 2025, and expenditures for long-lived assets for the three months ended March 31, 2025, respectively, by region is as follows:
|  | As of and for the three months ended March 31, 2025 |  |  |  |
|  | Hong Kong |  |  | Malaysia |  |  | China |  |  | Total |
Investments in equity-method investments |  | $ | 12,073 |  |  | $ | - |  |  | $ | - |  |  | $ | 12,073 |
Total assets |  | $ | 2,648,130 |  |  | $ | 1,329,721 |  |  | $ | 2,341,540 |  |  | $ | 6,319,391 |
Expenditures for additions to long-lived assets |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
The distribution of revenues and significant expenses for the three months ended March 31, 2024, by region is as follows:
|  | For the three months ended March 31, 2024 |  |  |  |
|  | Hong Kong |  |  | Malaysia |  |  | China |  |  | Total |
Revenues from external customers |  | $ | 245,470 |  |  | $ | 152,682 |  |  | $ | 65,998 |  |  | $ | 464,150 |
Revenues from related parties |  |  | 171,802 |  |  |  | 22,447 |  |  |  | - |  |  |  | 194,249 |
Cost of revenues |  |  | (22,792 | ) |  |  | (45,482 | ) |  |  | (12,600 | ) |  |  | (80,874 | )
Advertising and marketing expenses |  |  | (41,742 | ) |  |  | (2,134 | ) |  |  | (5,914 | ) |  |  | (49,790 | )
Audit, legal and other professional fees |  |  | (71,386 | ) |  |  | (1,977 | ) |  |  | - |  |  |  | (73,363 | )
Consulting fees |  |  | (6,387 | ) |  |  | (44,009 | ) |  |  | - |  |  |  | (50,396 | )
Depreciation and amortization |  |  | (25,146 | ) |  |  | (9,993 | ) |  |  | (26,190 | ) |  |  | (61,329 | )
Directors’ salaries and compensation |  |  | (170,300 | ) |  |  | - |  |  |  | - |  |  |  | (170,300 | )
Staff costs including salaries and allowances, pensions, and other benefits |  |  | (224,138 | ) |  |  | (75,629 | ) |  |  | (87,356 | ) |  |  | (387,123 | )
IT and computer expenses |  |  | (2,741 | ) |  |  | (38,639 | ) |  |  | (1,239 | ) |  |  | (42,619 | )
Other general and administrative expenses |  |  | (179,769 | ) |  |  | (27,074 | ) |  |  | (9,475 | ) |  |  | (216,318 | )
Loss from operations |  | $ | (327,129 | ) |  | $ | (69,808 | ) |  | $ | (76,776 | ) |  | $ | (473,713 | )
The distribution of investments in equity-method investees and total assets as of March 31, 2024, and expenditures for long-lived assets for the three months ended March 31, 2024, respectively, by region is as follows:
|  | As of and for the three months ended March 31, 2024 |  |  |  |
|  | Hong Kong |  |  | Malaysia |  |  | China |  |  | Total |
Investments in equity-method investments |  | $ | 99,586 |  |  | $ | - |  |  | $ | - |  |  | $ | 99,586 |
Total assets |  | $ | 3,996,329 |  |  | $ | 1,447,424 |  |  | $ | 2,517,943 |  |  | $ | 7,961,696 |
Expenditures for additions to long-lived assets |  | $ | - |  |  | $ | 4,400 |  |  | $ | - |  |  | $ | 4,400 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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