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SEGMENT INFORMATION | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
SEGMENT INFORMATION | NOTE 8 - SEGMENT INFORMATION ASC 280, “Segment Reporting” requires disclosure of significant segment expenses and other segment items on an interim and annual basis and requires all annual disclosures about a reportable segment’s profit or loss and assets to be made on an interim basis. The Company’s reportable segments are consistent with its internal organization structure and are regularly reviewed by the Company’s President and Chief Executive Officer (chief operating decision-maker or “CODM”) to allocate resources and assess performance for the entire Company. The CODM does not evaluate performance or allocate resources based on other income or expenses, and therefore such information is not allocated across its reportable segments. Other income or expenses which are not allocated to reportable segments are presented in the consolidated statements of operations and comprehensive income or loss. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing, and distribution processes. The Company operates three reportable business segments:
● | Service business – provision of corporate advisory and business solution services
● | Digital business – provision of digital platform and trading of digital assets
● | Real estate business – trading or leasing of commercial real estate properties in Hong Kong and Malaysia
The Company had no inter-segment sales for the years presented. Pursuant to ASU 2023-07, “Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures”, the summarized financial information concerning the Company’s reportable segments is shown as below: (a) By Categories Currently, the Company has three reportable segments that are based on the following business units: service business, digital business and real estate business, respectively. Service business The changes in the performance results for the three months ended March 31, 2026, and 2025 by reportable segment / business unit are as follows: SCHEDULE OF SUMMARIZED FINANCIAL INFORMATION
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
|  | For the three months ended March 31, |  |  | Change |
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
Revenues from external customers |  | $ | 295,638 |  |  | $ | 288,878 |  |  |  | 6,760 |  |  |  | 2 | %
Revenues from related parties |  |  | 15,108 |  |  |  | 21,975 |  |  |  | (6,867 | ) |  |  | (31 | )%
Cost of revenues |  |  | (108,775 | ) |  |  | (89,853 | ) |  |  | (18,922 | ) |  |  | 21 | %
General and administrative expenses |  |  | (1,171,120 | ) |  |  | (850,373 | ) |  |  | (320,747 | ) |  |  | 38 | %
Loss from operations |  | $ | (969,149 | ) |  | $ | (629,373 | ) |  |  | (339,776 | ) |  |  | 54 | %
The changes in equity securities investments without readily determinable fair values (“Equity-Method Investments”), total assets, and capital expenditure for long-lives assets for the period ended March 31, 2026, and 2025 by reportable segment / business unit are as follows:
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
|  | As of and for the three months ended March 31, |  |  | Change |
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
Equity-Method Investments |  | $ | 17,000,000 |  |  | $ | 12,073 |  |  |  | 16,987,927 |  |  |  | 140,710 | %
Total assets |  | $ | 20,255,850 |  |  | $ | 4,561,630 |  |  |  | 15,694,220 |  |  |  | 344 | %
Expenditures for additions to long-lived assets |  | $ | - |  |  | $ | - |  |  |  | - |  |  |  | - | %
Digital business The changes in the performance results for the three months ended March 31, 2026, and 2025 by reportable segment / business unit are as follows:
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
|  | For the three months ended March 31, |  |  | Change |
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
Revenues from external customers |  | $ | 78,459 |  |  | $ | 26,256 |  |  |  | 52,203 |  |  |  | 199 | %
Revenues from related parties |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - | %
Cost of revenues |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - | %
General and administrative expenses |  |  | (42,511 | ) |  |  | (98,516 | ) |  |  | 56,005 |  |  |  | (57 | )%
Loss from operations |  | $ | 35,948 |  |  | $ | (72,260 | ) |  |  | 108,208 |  |  |  | (150 | )%
The changes in Equity-Method Investments, total assets, and capital expenditure for long-lives assets for the period ended March 31, 2026, and 2025 by reportable segment / business unit are as follows:
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
|  | As of and for the three months ended March 31, |  |  | Change |
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
Equity-Method Investments |  | $ | - |  |  | $ | - |  |  |  | - |  |  |  | - | %
Total assets |  | $ | 730,761 |  |  | $ | 761,542 |  |  |  | (30,781 | ) |  |  | (4 | )%
Expenditures for additions to long-lived assets |  | $ | - |  |  | $ | - |  |  |  | - |  |  |  | - | %
Real estate business The changes in the performance results for the three months ended March 31, 2026, and 2025 by reportable segment / business unit are as follows:
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
|  | For the three months ended March 31, |  |  | Change |
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
Revenues from external customers |  | $ | 16,181 |  |  | $ | 15,646 |  |  |  | 535 |  |  |  | 3 | %
Revenues from related parties |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - | %
Cost of revenues |  |  | (3,974 | ) |  |  | (3,789 | ) |  |  | (185 | ) |  |  | 5 | %
General and administrative expenses |  |  | (3,889 | ) |  |  | 843 |  |  |  | (4,732 | ) |  |  | (561 | )%
Income from operations |  | $ | 8,318 |  |  | $ | 12,700 |  |  |  | (4,382 | ) |  |  | (35 | )%
The changes in Equity-Method Investments, total assets, and capital expenditure for long-lives assets for the period ended March 31, 2026, and 2025 by reportable segment / business unit are as follows:
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
|  | As of and for the three months ended March 31, |  |  | Change |
|  | 2026 |  |  | 2025 |  |  | $ |  |  | % |
Equity-Method Investments |  | $ | - |  |  | $ | - |  |  |  | - |  |  |  | - | %
Total assets |  | $ | 902,175 |  |  | $ | 996,219 |  |  |  | (94,044 | ) |  |  | (9 | )%
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, 2026, by region is as follows:
|  | Hong Kong |  |  | Malaysia |  |  | China |  |  | Total |
|  | For the three months ended March 31, 2026 |  |  |  |
|  | Hong Kong |  |  | Malaysia |  |  | China |  |  | Total |
Revenues from external customers |  | $ | 204,277 |  |  | $ | 141,257 |  |  | $ | 44,744 |  |  | $ | 390,278 |
Revenues from related parties |  |  | 7,167 |  |  |  | 7,941 |  |  |  | - |  |  |  | 15,108 |
Cost of revenues |  |  | (59,239 | ) |  |  | (27,819 | ) |  |  | (25,691 | ) |  |  | (112,749 | )
Advertising and marketing expenses |  |  | (22,497 | ) |  |  | - |  |  |  | (3,820 | ) |  |  | (26,317 | )
Audit, legal and other professional fees |  |  | (90,737 | ) |  |  | (2,300 | ) |  |  | (1,701 | ) |  |  | (94,738 | )
Consulting fees |  |  | (1,917 | ) |  |  | (24,079 | ) |  |  | - |  |  |  | (25,996 | )
Depreciation and amortization |  |  | (24,661 | ) |  |  | (8,903 | ) |  |  | (15,897 | ) |  |  | (49,461 | )
Directors’ salaries and compensation |  |  | (166,416 | ) |  |  | - |  |  |  | - |  |  |  | (166,416 | )
Staff costs including salaries and allowances, pensions, and other benefits |  |  | (121,611 | ) |  |  | (53,729 | ) |  |  | (153,243 | ) |  |  | (328,583 | )
IT and computer expenses |  |  | (2,413 | ) |  |  | (2,956 | ) |  |  | (513 | ) |  |  | (5,882 | )
Other general and administrative expenses |  |  | (31,988 | ) |  |  | (30,170 | ) |  |  | (457,969 | ) |  |  | (520,127 | )
Loss from operations |  | $ | (310,035 | ) |  | $ | (758 | ) |  | $ | (614,090 | ) |  | $ | (924,883 | )
The distribution of Equity-Method Investments and total assets as of March 31, 2026, and expenditures for long-lived assets for the three months ended March 31, 2026, respectively, by region is as follows:
|  | Hong Kong |  |  | Malaysia |  |  | China |  |  | Total |
|  | As of and for the three months ended March 31, 2026 |  |  |  |
|  | Hong Kong |  |  | Malaysia |  |  | China |  |  | Total |
Equity-Method Investments |  | $ | 17,000,000 |  |  | $ | - |  |  | $ | - |  |  | $ | 17,000,000 |
Total assets |  | $ | 19,158,773 |  |  | $ | 1,272,218 |  |  | $ | 1,457,795 |  |  | $ | 21,888,786 |
Expenditures for additions to long-lived assets |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
The distribution of revenues and significant expenses for the three months ended March 31, 2025, by region is as follows:
|  | Hong Kong |  |  | Malaysia |  |  | China |  |  | Total |
|  | 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 Equity-Method Investments 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:
|  | Hong Kong |  |  | Malaysia |  |  | China |  |  | Total |
|  | As of and for the three months ended March 31, 2025 |  |  |  |
|  | Hong Kong |  |  | Malaysia |  |  | China |  |  | Total |
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 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |

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