JOCM Jocom Holdings Corporation (PK)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

 

For The Quarterly Period Ended September 30, 2024

 

or

 

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from _______________ to _______________

 

Commission File Number 333-265850

 

JOCOM HOLDINGS CORP.

(Exact name of registrant issuer as specified in its charter)

 

Nevada		38-4177722
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

 

Unit No. 11-1, Level 11, Tower 3, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi,

59200 Kuala Lumpur, Malaysia

(Address of principal executive offices, including zip code)

 

Registrant’s phone number, including area code +6012 5189937

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 

YES ☒ NO ☐

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).

 

YES ☐ NO ☒

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large Accelerated Filer ☐ Accelerated Filer ☐ Non-accelerated Filer ☐ Smaller reporting company ☒ Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 

Yes ☐ No ☒

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has fled all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

 

Yes ☐ No ☒

 

APPLICABLE ONLY TO CORPORATE ISSUERS:

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

Class		Outstanding at September 30, 2024
Common Stock, $0.0001 par value		57,680,500

 

 

 

TABLE OF CONTENTS

 

		Page
PART I	FINANCIAL INFORMATION
ITEM 1.	UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:	F-1
	Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023 (audited)	F-2
	Condensed Consolidated Statements of Operations and Comprehensive Losses for the Three Months and Nine Months Ended September 30, 2024 (unaudited) and 2023 (unaudited)	F-3
	Condensed Consolidated Statements of Changes in Equity for the Nine Months Ended September 30, 2024 (unaudited) and 2023 (unaudited)	F-4
	Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (unaudited)	F-5
	Notes to the Condensed Consolidated Financial Statements	F-6 - F-17
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	3-4
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	5
ITEM 4.	CONTROLS AND PROCEDURES	5
PART II	OTHER INFORMATION
ITEM 1	LEGAL PROCEEDINGS	6
ITEM 2	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	6
ITEM 3	DEFAULTS UPON SENIOR SECURITIES	6
ITEM 4	MINE SAFETY DISCLOSURES	6
ITEM 5	OTHER INFORMATION	6
ITEM 6	EXHIBITS	7
	SIGNATURES	8

 

 

PART I FINANCIAL INFORMATION

 

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:

 

JOCOM HOLDINGS CORP.

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

	Page
Unaudited Condensed Consolidated Financial Statements
Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023 (audited)	F-2
Condensed Consolidated Statements of Operations and Comprehensive Losses for the Three Months and Nine Months Ended September 30, 2024 (unaudited) and 2023 (unaudited)	F-3
Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Nine Months Ended September 30, 2024 (unaudited) and 2023 (unaudited)	F-4
Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 (unaudited) and 2023 (unaudited)	F-5
Notes to the Condensed Consolidated Financial Statements	F-6 - F-17

 

 

JOCOM HOLDINGS CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF SEPTEMBER 30, 2024 (Unaudited) AND DECEMBER 31, 2023 (Audited)

(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

		As of September 30, 2024				As of December 31, 2023
ASSETS
NON-CURRENT ASSETS
Intangible asset			1				1
Plant and equipment, net			-				1
Total Non-Current Assets		$	1			$	2
CURRENT ASSETS
Cash and bank balances			10,696				134
Deposits and prepayments			3,301				360
Trade receivable			-				-
Total Current Assets		$	13,997			$	494
TOTAL ASSETS		$	13,998			$	496
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Other payables and accruals (including $38,754 and $69,475 to related party as of September 30, 2024 and December 31, 2023, respectively)			106,117				132,806
Amount due to directors			6,361				3,457
Income tax payable			1,380				1,380
TOTAL CURRENT LIABILITIES		$	113,858			$	137,643
TOTAL LIABILITIES		$	113,858			$	137,643
STOCKHOLDERS’ EQUITY
Preferred shares, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding			-				-
Common Shares, par value $0.0001; 600,000,000 shares authorized, 57,680,500 shares issued and outstanding as of September 30, 2024 and December 31, 2023 respectively			5,768				5,768
Additional paid-in capital			570,132				570,132
Exchange translation reserve			69				-
Accumulated losses			(675,829	)			(713,047	)
TOTAL STOCKHOLDERS’ EQUITY		$	(99,860	)		$	(137,147	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	13,998			$	496

 

See accompanying notes to condensed consolidated financial statements.

 

 

JOCOM HOLDINGS CORP.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSSES

FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(Unaudited)

 

		2024				2023				2024				2023
		For the three months ended September 30								For the nine months ended September 30
		2024				2023				2024				2023
REVENUE		$	6,000			$	6,000			$	18,000			$	18,000
COST OF REVENUE		$	-			$	-			$	-			$	-
GROSS PROFIT		$	6,000			$	6,000			$	18,000			$	18,000
OTHER INCOME		$	36,950			$	3,553			$	99,383			$	36,315
GENERAL AND ADMINISTRATIVE EXPENSES (including $3,500 and $3,500 of general and administrative expenses to related party for the 3 months ended September 30, 2024 and 2023, and $10,500 and $10,500 for the 9 months ended September 30, 2024 and 2023, respectively)		$	31,039			$	55,183			$	80,165			$	182,064
PROFIT/ (LOSS) BEFORE INCOME TAX		$	11,911			$	(45,630	)		$	37,218			$	(127,749	)
INCOME TAX EXPENSE		$	-			$	-			$	-			$	-
NET PROFIT/ (LOSS)		$	11,911			$	(45,630	)		$	37,218			$	(127,749	)
OTHER COMPREHENSIVE PROFIT-Foreign exchange translation adjustment		$	73			$	-			$	69			$	-
TOTAL COMPREHENSIVE PROFIT/ (LOSS)		$	11,984			$	(45,630	)		$	37,287			$	(127,749	)
Net loss per share, basic and diluted:		$	-			$	-			$	-			$	-
Weighted average number of common shares outstanding – Basic and diluted			57,680,500				57,637,108				57,680,500				57,637,108

 

See accompanying notes to condensed consolidated financial statements.

 

 

JOCOM HOLDINGS CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(Unaudited)

 

		Number of Shares				Amount				Paid-In Capital				Accumulated Losses				Translation Reserve				Total Equity
Nine months ended September 30, 2023
		Common Stock								Additional								Exchange
		Number of Shares				Amount				Paid-In Capital				Accumulated Losses				Translation Reserve				Total Equity
Balance as of December 31, 2022 (Audited)			57,600,000				5,760				489,640				(556,156	)			-				(60,756	)
Net loss from January 1, 2023 to March 31, 2023			-				-				-				(46,928	)			-				(46,928	)
Balance as of March 31, 2023 (Unaudited)			57,600,000				5,760				489,640				(603,084	)			-				(107,684	)
Net loss from April 1, 2023 to June 30, 2023			-				-				-				(35,191	)			-				(35,191	)
Balance as of June 30, 2023 (Unaudited)			57,600,000				5,760				489,640				(638,275	)			-				(142,875	)
Shares issued in the Initial Public Offering completed on 23 September, 2023 at $1.00 per share			80,500				8				80,492				-				-				80,500
Net loss from July 1, 2023 to September 30, 2023			-				-				-				(45,630	)							(45,630	)
Balance as of September 30, 2023 (Unaudited)			57,680,500				5,768				570,132				(683,905	)			-				(108,005	)

 

Nine months ended September 30, 2024
		Common Stock								Additional								Exchange
		Number of Shares				Amount				Paid-In Capital				Accumulated Losses				Translation Reserve				Total Equity
Balance as of December 31, 2023 (Audited)			57,680,500				5,768				570,132				(713,047	)			-				(137,147	)
Net loss from January 1, 2024 to March 31, 2024			-				-				-				(4,358	)			-				(4,358	)
Balance as of March 31, 2024 (Unaudited)			57,680,500				5,768				570,132				(717,405	)			-				(141,505	)
Exchange Translation Reserve											-				-				(4	)			(4	)
Net profit from April 1, 2024 to June 30, 2024			-				-				-				29,665				-				29,665
Balance as of June 30, 2024 (Unaudited)			57,680,500				5,768				570,132				(687,740	)			(4	)			(111,844	)
Balance			57,680,500				5,768				570,132				(687,740	)			(4	)			(111,844	)
Exchange Translation Reserve											-				-				73				73
Net profit from July 1, 2024 to September 30, 2024			-				-				-				11,911				-				11,911
Net profit (Loss)			-				-				-				11,911				-				11,911
Balance as of September 30, 2024 (Unaudited)			57,680,500				5,768				570,132				(675,829	)			69				(99,860	)
Balance			57,680,500				5,768				570,132				(675,829	)			69				(99,860	)

 

See accompanying notes to consolidated financial statements

 

 

JOCOM HOLDINGS CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(Unaudited)

 

		2024				2023
		Nine months ended September 30
		2024				2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit/ (loss)		$	37,218			$	(127,749	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			-				15,178
Interest expense			-				669
Allowance for doubtful debt			-				51,383
Reversal of allowance for doubtful debt			(80,373	)			-
Changes in operating assets and liabilities:
Trade receivable			80,373				(15,383	)
Deposits and prepayments			(2,941	)			23
Other payables and accruals			(26,689	)			(28,324	)
Amount due to directors			2,905				(6,274	)
Net cash generated from/ (used in) operating activities			10,493				(110,477	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of common stock							80,500
Payment of lease liabilities			-				(16,371	)
Net cash generated from financing activities			-				64,129
Effect of exchange rate changes on cash and cash equivalent			69				-
Net increase/(decrease) in cash and cash equivalents			10,562				(46,348	)
Cash and cash equivalents, beginning of period			134				56,043
CASH AND CASH EQUIVALENTS, END OF PERIOD		$	10,696			$	9,695
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid		$	-			$	-
Interest paid		$	-			$	669

 

See accompanying notes to condensed consolidated financial statements.

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

1. DESCRIPTION OF BUSINESS AND ORGANIZATION

 

Jocom Holdings Corp. was incorporated on January 8, 2021 under the laws of the state of Nevada.

 

The Company, through its subsidiary, engaged in providing data analytic services, which cover customer behavior and predictive customer analysis.

 

On April 15, 2021, the Company acquired 100% of the equity interests in Jocom Holdings Corp. (herein referred as the “Malaysia Company”), a private limited company incorporated in Labuan, Malaysia. In consideration of the equity interests of Jocom Holdings Corp., Ms. Chua was compensated $100 USD.

 

On June 12, 2024, Jocom Holdings Corp, its wholly owned subsidiary, acquired 100% of the equity interests in JHC Digital Sdn. Bhd. (herein referred as the “Malaysia Company”), a private limited company incorporated in Kuala Lumpur, Malaysia. In consideration of the equity interests of JHC Digital Sdn Bhd., Ms. Chua was compensated $2,120 USD.

 

Details of the Company’s subsidiaries:

 

SCHEDULE OF COMPANY SUBSIDIARIES

	Company name		Place/date of incorporation		Particulars of issued capital		Principal activities
1.	Jocom Holdings Corp.		Labuan, January 26, 2021		100 shares of ordinary share of US$ 1 each		Data Analytic Software Solution
2.	JHC Digital Sdn. Bhd.		Kuala Lumpur, June 12, 2024		10,000 shares of ordinary share of Malaysian Ringgit RM1 each		Trading of all kinds of goods online or offline, ecommerce, logistics activities, consulting services for software technology and software development.

 

For purposes of consolidated financial statement presentation, Jocom Holdings Corp. and its subsidiaries are hereinafter referred to as the “Company”.

 

F-6

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation

 

The consolidated financial statements for Jocom Holdings Corp. and its subsidiaries (‘the Company’) for the nine months ended September 30, 2024 are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of Jocom Holdings Corp. and its wholly owned subsidiary, Jocom Holdings Corp and JHC Digital Sdn Bhd. The Company has adopted December 31 as its fiscal year end.

 

Basis of consolidation

 

The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation.

 

Revenue recognition

 

The Company follows the guidance of ASC 606, “Revenue from Contracts”. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

 

The revenue generated was a service fee paid by a client to carry out data analytic services in the Southeast Asia online grocery market.

 

Use of estimates

 

Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

 

Cash and cash equivalents

 

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

 

Intangible Asset

 

The Company follows the guidance according ASC Topic 350, “Testing Indefinite-Lived Intangible Assets for Impairment” paragraph 350-30-35-18, an intangible asset that is not subject to amortization shall be tested for impairment annually. There is no legal, regulatory, contractual, competitive, economic, or no foreseeable limit on the period of time over which it is expected to contribute to the cash flows of the Company, thus the useful life of the asset shall be considered to be indefinite.

 

Credit losses

 

The Company estimates and records a provision for its expected credit losses related to its financial instruments, including its trade receivables. Management considers historical collection rates, the current financial status of the Company’s customers, macroeconomic factors, and other industry-specific factors when evaluating current expected credit losses. Forward-looking information is also considered in the evaluation of current expected credit losses. However, because of the short time to the expected receipt of accounts receivable, management believes that the carrying value, net of expected losses, approximates fair value and therefore, relies more on historical and current analysis of such financial instruments, including its trade receivables.

 

Credit loss rate is determined by historical collection based on aging schedule, adjusted for current conditions using reasonable and supportable forecasts. Based on the aging categorization and the adjusted loss rate per category, an allowance for credit losses is calculated by multiplying the adjusted loss rate with the amortized cost in the respective age category.

 

F-7

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

Income taxes

 

Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

 

Going Concern

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period ended September 30, 2024, the Company suffered an accumulated deficit of $675,829 and capital deficiency of $99,860. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.

 

F-8

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

Net loss per share

 

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

 

Foreign currencies translation

 

The reporting and functional currency of the Company and its subsidiaries in Labuan is United States Dollars (“US$”) which being the primary currency of the economic environment in which these entities operate.

 

In addition, the Company’s subsidiary in Kuala Lumpur, Malaysia maintains its books and record in Malaysian Ringgit (“RM”), which is the respective functional currency as being the primary currency of the economic environment in which the entity operates.

 

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations.

 

Translation of amounts from RM into US$1 has been made at the following exchange rates for the respective periods:

 

SCHEDULE OF EXCHANGE RATES

		As of and for the nine months ended September 30, 2024				As of and for the twelve months ended December 31, 2023
Period-end RM : US$1 exchange rate			4.122				4.589
Period-average RM : US$1 exchange rate			4.625				4.561
Exchange rate			4.625				4.561

 

Related parties

 

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

 

F-9

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

Fair value of financial instruments:

 

The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayment, deposits, accounts payable and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments.

 

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

 

Level 1: Observable inputs such as quoted prices in active markets;

 

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

 

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

 

Recent accounting pronouncements

 

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

 

F-10

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

3. COMMON STOCK

 

On January 8, 2021, the Company issued 100,000 shares of restricted common stock, with a par value of $0.0001 per share, to Ms. Agnes in consideration of $10. The $10 in proceeds went to the Company to be used as working capital. Ms. Agnes serves as our Chief Financial Officer, President, Secretary, Treasurer and as member of our Board of Directors.

 

On May 1,2021 the Company issued 18,900,000 shares of restricted common stock, with a par value of $0.0001 per share, to Ms. Agnes in consideration of $1,890. The $1,890 in proceeds went to the Company to be used as working capital.

 

On May 1, 2021 the Company issued 19,000,000 shares of restricted common stock to Mr. Joshua with a par value of $0.0001 per share, in consideration of $1,900. The $1,900 in proceeds went to the Company to be used as working capital.

 

On June 1, 2021 the Company issued 8,500,000 shares of restricted common stock to SEATech Ventures Corp. with a par value of $0.0001 per share, in consideration of $850. The $850 in proceeds went to the Company to be used as working capital.

 

On June 1, 2021 the Company issued 5,500,000 shares of restricted common stock to JTalent Sdn. Bhd with a par value of $0.0001 per share, in consideration of $550. The $550 in proceeds went to the Company to be used as working capital.

 

On June 1, 2021 the Company issued 1,500,000 shares of restricted common stock to GreenPro Venture Capital Limited with a par value of $0.0001 per share, in consideration of $150. The $150 in proceeds went to the Company to be used as working capital.

 

On June 1, 2021, the Company issued 500,000 shares of restricted common stock to GreenPro Asia Strategic SPC - GreenPro Asia Strategic Fund SP with a par value of $0.0001 per share, in consideration of $50. The $50 in proceeds went to the Company to be used as working capital.

 

Between the period of June 20, 2021 to July 20, 2021, the Company issued 2,300,000 shares of restricted common stock to 23 foreign parties, all of which do not reside in the United States. A total of 2,300,000 shares of restricted common stock were sold at a price of $0.10 per share. The total proceeds to the Company amounted to a total of $230,000 went to the Company to be used as working capital.

 

Between the period of July 25, 2021 to September 10, 2021, the Company issued 1,300,000 shares of restricted common stock to 26 foreign parties, all of which do not reside in the United States. A total of 1,300,000 shares of restricted common stock were sold at a price of $0.20 per share. The total proceeds to the Company amounted to a total of $260,000 went to the Company to be used as working capital.

 

Between the period of January 1, 2023 to September 15, 2023, the Company issued 80,500 shares of common stock to 16 foreign parties, all of which do not reside in the United States. A total of 80,500 shares of common stock were sold at a price of $1.00 per share. The total proceeds to the Company amounted to a total of $80,500 went to the Company to be used as working capital.

 

As of September 30, 2024 and December 31, 2023 the Company has an issued and outstanding common share of 57,680,500 and 57,680,500.

 

F-11

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

4. INTANGIBLE ASSET

 

 SCHEDULE OF INTANGIBLE ASSET

		As of September 30, 2024 (Unaudited)				As of December 31, 2023 (Audited)
At cost:		$	1			$	1
AI Smart Platform		$	1			$	1
Intangible asset		$	1			$	1

 

5. PLANT AND EQUIPMENT

 

Plant and equipment as of September 30, 2024, and December 31, 2023 are summarized below:

 

 SCHEDULE OF PROPERTY PLANT AND EQUIPMENT

		As of September 30, 2024 (Unaudited)				As of December 31, 2023 (Audited)
Renovation		$	-			$	2,163
Total			-				2,163
Accumulated depreciation1		$	-			$	(2,162	)
Plant and equipment, net		$	-			$	1

 

1	For the nine months period ended September 30, 2024 and 2023, depreciation expense was Nil and $811 respectively.

 

6. CASH AND CASH EQUIVALENTS

 

As at September 30, 2024, and December 31, 2023, the Company recorded cash and cash equivalents of $10,696 and $134 respectively which consists of cash on hand and bank balances.

 

F-12

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

7. TRADE RECEIVABLE

 

Trade receivable consisted of the following as of September 30, 2024, and December 31, 2023.

 

 SCHEDULE OF TRADE RECEIVABLE

		As of September 30, 2024 (Unaudited)				As of December 31, 2023 (Audited)
Trade receivable		$	-			$	80,373
Allowance for doubtful debts		$	-			$	(80,373	)
Total trade receivable		$	-			$	-

 

As of September 30, 2024, trade receivable is Nil.

 

As of December 31, 2023, trade receivable of $80,373 which were related party transactions were netted off with allowance for doubtful debts of $80,373. The total outstanding balance for trade receivable is Nil.

 

The amount due from trade receivable is subject to normal trade credit term.

 

8. DEPOSITS AND PREPAYMENTS

 

Deposits and prepayments consisted of the following as of September 30, 2024, and December 31, 2023.

 

 SCHEDULE OF DEPOSITS

		As of September 30, 2024 (Unaudited)				As of December 31, 2023 (Audited)
Deposits			401				360
Prepayments			2,900				-
Total deposits and prepayments		$	3,301			$	360

 

As of September 30, 2024, and December 31, 2023, total deposits paid was $401 and $360 which mainly from the deposit of rental security and utilities deposit for the increase of lease rental.

 

As of September 30, 2024, the prepayments of $2,900 was mainly for the subscription of OTC markets. As of December 31, 2023, prepayment was nil.

 

9. OTHER PAYABLES AND ACCRUALS

 

Other payables and accruals consisted of the following as of September 30, 2024, and December 31, 2023.

 

 SCHEDULE OF OTHER PAYABLES AND ACCRUALS

		As of September 30, 2024 (Unaudited)				As of December 31, 2023 (Audited)
Other payables		$	61,410			$	94,469
Accruals		$	44,707			$	38,337
Total other payables and accruals		$	106,117			$	132,806

 

As of September 30, 2024 and December 31, 2023, other payables of $38,754 and $69,475 were related party balances. The amount is unsecured, interest-free and repayable on demand.

 

F-13

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

10. AMOUNT DUE TO DIRECTORS

 

Amount due to directors consisted of the following as of September 30, 2024, and December 31, 2023.

 

 SCHEDULE OF AMOUNT DUE TO DIRECTORS

		As of September 30, 2024 (Unaudited)				As of December 31, 2023 (Audited)
Amount due to directors		$	6,361			$	3,457
Total amount due to directors		$	6,361			$	3,457

 

As of September 30, 2024, and December 31, 2023, the amount of $6,361 and $3,457 were mainly due to expenses paid by directors. The amount is unsecured, interest-free and repayable on demand.

 

11. INCOME TAXES

 

For the nine months ended September 30, 2024 and 2023, the local (United States) and foreign components of profit/ (loss) before income taxes were comprised of the following:

 

 SCHEDULE OF FOREIGN COMPONENTS OF LOSS BEFORE INCOME TAXES

		For the nine months ended September 30, 2024				For the nine months ended September 30, 2023
Tax jurisdictions from:
Local		$	4,297				(76,537	)
Foreign, representing
- Labuan		$	34,858				(51,212	)
- Malaysia (other than Labuan)		$	(1,937	)			-
Profit/ (Loss) before income tax		$	37,218				(127,749	)

 

The provision for income taxes consisted of the following:

 

 SCHEDULE OF PROVISION INCOME TAXES

		For the nine months ended September 30, 2024				For the nine months ended September 30, 2023
Current:
- Local		$	-			$	-
- Foreign			-				-
Income tax expense		$	-			$	-

 

The effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States and Malaysia including Labuan that are subject to taxes in the jurisdictions in which they operate, as follows:

 

United States of America

 

The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of September 30, 2024, the operations in the United States of America incurred $561,456 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carry forwards begin to expire in 2041, if unutilized.

 

Labuan

 

Under the current laws of the Labuan, Jocom Holdings Corp.is governed under the Labuan Business Activity Act, 1990. The tax charge for such company is based on 24% of net audited profit.

 

Malaysia (Other than Labuan)

 

Under the current laws of Malaysia, JHC Digital Sdn. Bhd. is governed under the Income Tax Act, 1967. The tax charge for such company is based on 24% of net audited profit.

 

F-14

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

12. RELATED PARTY TRANSACTIONS

 

 SCHEDULE OF RELATED PARTY TRANSACTIONS

		For the nine months ended September 30, 2024 (Unaudited)				For the nine months ended September 30, 2023 (Unaudited)
Jocom MShopping Sdn. Bhd.1
- Revenue		$	6,000			$	18,000
Joshua Sew 2
- IT Advisory Fee		$	-			$	7,035
Khoo Ghi Geok 3
- Accounting Fee		$	10,500			$	10,500

 

1		Mr. Joshua and Ms. Agnes, the Company Chief Executive Officer and Chief Financial Officer, are the directors of Jocom MShopping Sdn. Bhd.
2		Mr. Joshua Sew is the Company Chief Executive Officer.
3		Ms. Khoo Ghi Geok purchased a total of 10,000 shares of common stock in the Initial Public Offering at a price of $1.00 per share on August 20, 2023.

 

13. COMMITMENTS AND CONTINGENCIES

 

As of September 30, 2024, the Company has no commitments or contingencies involved.

 

14. CONCENTRATION OF RISK

 

The Company is exposed to the following concentration of risk:

 

(a) Major customers

 

For the nine months ended September 30, 2024 and 2023, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows:

 

 SCHEDULE OF CUSTOMER CONCENTRATION RISK

		For the nine months ended September 30,2024												For the nine months ended September 30,2023
		Revenue				Percentage of revenue				Account Receivable-Trade				Revenue				Percentage of revenue				Account Receivable-Trade
Customer A		$	6,000				33	%		$	-			$	18,000				100	%		$	12,000
Customer B		$	12,000				67	%		$	-			$	-				-	%		$	-
		$	18,000				100	%		$	-			$	18,000				100	%		$	12,000

 

F-15

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

(b) Major suppliers

 

For the nine months ended September 30, 2024, and 2023, there is no vendor who accounted for 10% or more of the Company’s purchase and the accounts payable balances at period-end.

 

(c) Credit risk

 

Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its trade receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.

 

(d) Exchange rate risk

 

The Company cannot guarantee that the current exchange rate will remain stable, therefore there is a possibility that the Company could post the same amount of income for two comparable periods and because of the fluctuating exchange rate actually post higher or lower income depending on exchange rate of RM converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

 

15. SEGMENT INFORMATION

 

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. 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 had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

 

By Geography:

 

 SCHEDULE OF SEGMENT INFORMATION

		US				Malaysia				Total
		For the nine months ended September 30, 2024
		US				Malaysia				Total
Revenue		$	-			$	18,000			$	18,000
Cost of revenue			-				-				-
Depreciation and amortization		$	-			$	-			$	-
Net profit before taxation		$	4,297			$	32,921			$	37,218
Total assets		$	2,829			$	11,169			$	13,998

 

F-16

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

		US				Malaysia				Total
		For the nine months ended September 30, 2023
		US				Malaysia				Total
Revenue			-				18,000				18,000
Cost of revenue			-				-				-
Depreciation and amortization			-				15,178				15,178
Net loss before taxation		$	(76,537	)		$	(51,212	)		$	(127,749	)
Total assets		$	-			$	26,581			$	26,581

 

*	Revenues and costs are attributed to countries based on the location of customers.

 

16. SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after September 30, 2024 up through the date the Company issued the audited consolidated financial statements. During this period, there was no subsequent event that required recognition or disclosure.

 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

The information contained in this quarter report on Form 10-Q is intended to update the information contained in our Form 10-K, dated April 8, 2024, for the period ended September 30, 2024 and presumes that readers have access to, and will have read, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other information contained in such Form S-1. The following discussion and analysis also should be read together with our consolidated financial statements and the notes to the consolidated financial statements included elsewhere in this Form 10-Q.

 

The following discussion contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Form 10-K in the section entitled “Risk Factors” for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this transition report on Form 10-Q. The following should also be read in conjunction with the unaudited Condensed Consolidated Financial Statements and notes thereto that appear elsewhere in this report.

 

Company Overview

 

Jocom Holdings Corp., a Nevada Corporation, is a company that operates through its wholly owned subsidiary, Jocom Holdings Corp., a Company organized in Labuan, Malaysia. The Nevada and, Malaysia corporations share the same exact business plan.

 

On June 12, 2024, Jocom Holdings Corp. (Labuan) invested in JHC Digital Sdn. Bhd., which is incorporated in Kuala Lumpur, Malaysia, and owned 100% equity interest.

 

We currently provide data analytic services, which cover customer behavior and predictive customer analysis. Our inhouse data analytic software solution, namely “JOCOM AI Smart Platform”, is developed by our CEO, Mr. Sew, through his past experience in software development and the fresh grocery industry. JOCOM AI Smart Platform is a subscription based web software. Via our wholly owned subsidiary, Jocom Holdings Corp., we own the rights to a propriety analytics platform, “JOCOM AI SMART PLATFORM”, referred to herein as “the Software”, which analyzes buying patterns and customer behaviors of consumers of grocery items within Malaysia. We also have an interface that allows users to purchase and schedule grocery delivery. Our Software is able to integrate on our interface and analyze data from the interface. Amongst other things, the Software can analyze customer behaviors, predict customers behaviors, and optimize product placement.

 

 

Results of Operation

 

For the nine months ended September 30, 2024 and September 30, 2023

 

Revenues

 

The Company generated revenue of $18,000 respectively for the nine months ended September 30, 2024 and 2023. The revenue was a result of a service fee paid by a client to carry out data analytic services on the Southeast Asian online grocery market via our software solution.

 

Cost of Revenue and Gross Profit

 

For the nine months ended September 30, 2024 and 2023, the Company did not have any cost of revenue. The Company generated gross profits of $18,000 respectively for the nine months ended September 30, 2024 and 2023.

 

Other Income

 

For the nine months ended September 30, 2024 and 2023, the Company generated other income of $19,010 and $36,315 from foreign currency variations. Other income from the reversal of doubtful debts for the nine months ended September 30, 2024 and 2023 are $80,373 and nil respectively.

 

General and administrative expenses

 

General and administrative expenses for the nine months ended September 30, 2024 and 2023 amounted to $80,165 and $182,064 respectively.

 

Net Profit/ (Loss)

 

The net profit was $37,218 for the nine months ended September 30, 2024 as compared to net loss of $127,749 for the nine months ended September 30, 2023. The improvement in the net profit was mainly from the decrease in doubtful debts, depreciation, and amortisation plus IT advisory fees.

 

Liquidity and Capital Resources

 

As of September 30, 2024, we had cash and cash equivalents of $10,696 as compared to $9,695 as of September 30, 2023. We expect increased levels of operations going forward will result in more significant cash flow.

 

We depend substantially on financing activities to provide us with the liquidity and capital resources we need to meet our working capital requirements and to make capital investments in connection with ongoing operations.

 

Cash Generated / Used In Operating Activities

 

For the nine months ended September 30, 2024, net cash generated in operating activities was $10,493 and net cash used in operating activities is $110,477 for the nine months ended September 30, 2023. The cash used in operating activities was mainly for payment of general and administrative expenses.

 

Cash Generated/ Used In Investing Activity

 

For the period from January 1, 2024 to September 30, 2024 and for the period from January 1, 2023 to September 30, 2023, there was no cash used for the investing activity.

 

Cash Generated/ Used in Financing Activity

 

For the period from January 1, 2024 to September 30, 2024, there was no cash used for the financing activity.

For the period from January 1, 2023 to September 30, 2023, net cash generated in the financing activity was $64,129 from the proceeds from sale of common stocks and the repayment of lease liabilities.

 

Credit Facilities

 

We do not have any credit facilities or other access to bank credit.

 

Off-balance Sheet Arrangements

 

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of September 30, 2024.

 

Recent Accounting Pronouncements

 

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

 

 

ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

 

ITEM 4 CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures:

 

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that such information is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.

 

We carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer, of the effectiveness of our disclosure controls and procedures as of September 30, 2024. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls over financial reporting, our chief executive officer concluded that our disclosure controls and procedures were not effective. The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (i) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (ii) inadequate segregation of duties and effective risk assessment; (iii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines; and (iv) lack of internal audit function due to the fact that the Company lacks qualified resources to perform the internal audit functions properly and that the scope and effectiveness of the internal audit function are yet to be developed. The aforementioned material weaknesses were identified by our chief executive officer in connection with the review of our financial statements as of September 30, 2024.

 

Changes in Internal Control over Financial Reporting:

 

There were no changes in our internal control over financial reporting during the quarter ended September 30, 2024, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 

PART II — OTHER INFORMATION

 

Item 1. Legal Proceedings

 

We know of no materials, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers are an adverse party or has a material interest adverse to us.

 

Item 1A. Risk Factors.

 

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

None.

 

Item 3. Defaults Upon Senior Securities

 

None

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information.

 

None.

 

 

ITEM 6. Exhibits

 

Exhibit No.		Description
31.1		Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer*
32.1		Section 1350 Certification of principal executive officer *
101.INS		Inline XBRL Instance Document*
101.SCH		Inline XBRL Schema Document*
101.CAL		Inline XBRL Calculation Linkbase Document*
101.DEF		Inline XBRL Definition Linkbase Document*
101.LAB		Inline XBRL Label Linkbase Document*
101.PRE		Inline XBRL Presentation Linkbase Document*
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

* Filed herewith.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Jocom Holdings Corp.
	(Name of Registrant)
Date: November 13, 2024
	By:	/s/ SEW WEN CHEAN
	Title:	Chief Executive Officer, Director

 

 

EXHIBIT 31.1

 

CERTIFICATION

 

I, SEW WEN CHEAN, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of JOCOM HOLDINGS CORP (the “Company”) for the quarter ended September 30, 2024;

 

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 13, 2024	By:	/s/ SEW WEN CHEAN
		SEW WEN CHEAN
		Chief Executive Officer, Director

 

 

EXHIBIT 32.1

 

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of JOCOM HOLDINGS CORP. (the “Company”) on Form 10-Q for the quarter ended September 30, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), The undersigned hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

 

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

Date: November 13, 2024	By:	/s/ Sew Wen Chean
		Sew Wen Chean
		Chief Executive Officer, Director

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

 

v3.24.3

Cover	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	333-265850
Entity Registrant Name	JOCOM HOLDINGS CORP.
Entity Central Index Key	0001907425
Entity Tax Identification Number	38-4177722
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Unit No. 11-1, Level 11, Tower 3
Entity Address, Address Line Two	Avenue 3, Bangsar South
Entity Address, Address Line Three	No. 8, Jalan Kerinchi
Entity Address, City or Town	Kuala Lumpur
Entity Address, Country	MY
Entity Address, Postal Zip Code	59200
City Area Code	+6012
Local Phone Number	5189937
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	false
Entity Common Stock, Shares Outstanding | shares	57,680,500
Entity Listing, Par Value Per Share | $ / shares	$ 0.0001

v3.24.3

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
NON-CURRENT ASSETS
Intangible asset	$ 1	$ 1
Plant and equipment, net		1
Total Non-Current Assets	1	2
CURRENT ASSETS
Cash and bank balances	10,696	134
Deposits and prepayments	3,301	360
Trade receivable
Total Current Assets	13,997	494
TOTAL ASSETS	13,998	496
CURRENT LIABILITIES
Other payables and accruals (including $38,754 and $69,475 to related party as of September 30, 2024 and December 31, 2023, respectively)	106,117	132,806
Amount due to directors	6,361	3,457
Income tax payable	1,380	1,380
TOTAL CURRENT LIABILITIES	113,858	137,643
TOTAL LIABILITIES	113,858	137,643
STOCKHOLDERS’ EQUITY
Preferred shares, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common Shares, par value $0.0001; 600,000,000 shares authorized, 57,680,500 shares issued and outstanding as of September 30, 2024 and December 31, 2023 respectively	5,768	5,768
Additional paid-in capital	570,132	570,132
Exchange translation reserve	69
Accumulated losses	(675,829)	(713,047)
TOTAL STOCKHOLDERS’ EQUITY	(99,860)	(137,147)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	13,998	496
Director [Member]
CURRENT LIABILITIES
Amount due to directors	$ 6,361	$ 3,457

v3.24.3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Other payables and accruals related party	$ 106,117	$ 132,806
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	600,000,000	600,000,000
Common stock, shares issued	57,680,500	57,680,500
Common stock, shares outstanding	57,680,500	57,680,500
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Other payables and accruals related party	$ 38,754	$ 69,475

v3.24.3

Condensed Consolidated Statements of Operations and Comprehensive Losses (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
REVENUE	$ 6,000	$ 6,000	$ 18,000	$ 18,000
COST OF REVENUE
GROSS PROFIT	6,000	6,000	18,000	18,000
OTHER INCOME	36,950	3,553	99,383	36,315
GENERAL AND ADMINISTRATIVE EXPENSES (including $3,500 and $3,500 of general and administrative expenses to related party for the 3 months ended September 30, 2024 and 2023, and $10,500 and $10,500 for the 9 months ended September 30, 2024 and 2023, respectively)	31,039	55,183	80,165	182,064
PROFIT/ (LOSS) BEFORE INCOME TAX	11,911	(45,630)	37,218	(127,749)
INCOME TAX EXPENSE
NET PROFIT/ (LOSS)	11,911	(45,630)	37,218	(127,749)
OTHER COMPREHENSIVE PROFIT-Foreign exchange translation adjustment	73		69
TOTAL COMPREHENSIVE PROFIT/ (LOSS)	$ 11,984	$ (45,630)	$ 37,287	$ (127,749)
Net loss per share, basic
Net loss per share, diluted
Weighted average number of common shares outstanding Basic	57,680,500	57,637,108	57,680,500	57,637,108
Weighted average number of common shares outstanding Diluted	57,680,500	57,637,108	57,680,500	57,637,108

v3.24.3

Condensed Consolidated Statements of Operations and Comprehensive Losses (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
General and administrative expense related party	$ 31,039	$ 55,183	$ 80,165	$ 182,064
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
General and administrative expense related party	$ 3,500	$ 3,500	$ 10,500	$ 10,500

v3.24.3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Exchange Translation Reserve [Member]	Total
Balance at Dec. 31, 2022	$ 5,760	$ 489,640	$ (556,156)		$ (60,756)
Balance, shares at Dec. 31, 2022	57,600,000
Net profit (Loss)			(46,928)		(46,928)
Balance at Mar. 31, 2023	$ 5,760	489,640	(603,084)		(107,684)
Balance, shares at Mar. 31, 2023	57,600,000
Balance at Dec. 31, 2022	$ 5,760	489,640	(556,156)		(60,756)
Balance, shares at Dec. 31, 2022	57,600,000
Net profit (Loss)					(127,749)
Balance at Sep. 30, 2023	$ 5,768	570,132	(683,905)		(108,005)
Balance, shares at Sep. 30, 2023	57,680,500
Balance at Mar. 31, 2023	$ 5,760	489,640	(603,084)		(107,684)
Balance, shares at Mar. 31, 2023	57,600,000
Net profit (Loss)			(35,191)		(35,191)
Balance at Jun. 30, 2023	$ 5,760	489,640	(638,275)		(142,875)
Balance, shares at Jun. 30, 2023	57,600,000
Net profit (Loss)			(45,630)		(45,630)
Shares issued in the Initial Public Offering completed on 23 September, 2023 at $1.00 per share	$ 8	80,492			80,500
Shares issued in private placement, shares	80,500
Balance at Sep. 30, 2023	$ 5,768	570,132	(683,905)		(108,005)
Balance, shares at Sep. 30, 2023	57,680,500
Balance at Dec. 31, 2023	$ 5,768	570,132	(713,047)		(137,147)
Balance, shares at Dec. 31, 2023	57,680,500
Net profit (Loss)			(4,358)		(4,358)
Balance at Mar. 31, 2024	$ 5,768	570,132	(717,405)		(141,505)
Balance, shares at Mar. 31, 2024	57,680,500
Balance at Dec. 31, 2023	$ 5,768	570,132	(713,047)		(137,147)
Balance, shares at Dec. 31, 2023	57,680,500
Net profit (Loss)					37,218
Balance at Sep. 30, 2024	$ 5,768	570,132	(675,829)	69	(99,860)
Balance, shares at Sep. 30, 2024	57,680,500
Balance at Mar. 31, 2024	$ 5,768	570,132	(717,405)		(141,505)
Balance, shares at Mar. 31, 2024	57,680,500
Net profit (Loss)			29,665		29,665
Exchange Translation Reserve				(4)	(4)
Balance at Jun. 30, 2024	$ 5,768	570,132	(687,740)	(4)	(111,844)
Balance, shares at Jun. 30, 2024	57,680,500
Net profit (Loss)			11,911		11,911
Exchange Translation Reserve				73	73
Balance at Sep. 30, 2024	$ 5,768	$ 570,132	$ (675,829)	$ 69	$ (99,860)
Balance, shares at Sep. 30, 2024	57,680,500

v3.24.3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical)	Sep. 23, 2023 $ / shares
Statement of Stockholders' Equity [Abstract]
Share price	$ 1.00

v3.24.3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit/ (loss)	$ 37,218	$ (127,749)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		15,178
Interest expense		669
Allowance for doubtful debt		51,383
Reversal of allowance for doubtful debt	(80,373)
Changes in operating assets and liabilities:
Trade receivable	80,373	(15,383)
Deposits and prepayments	(2,941)	23
Other payables and accruals	(26,689)	(28,324)
Amount due to directors	2,905	(6,274)
Net cash generated from/ (used in) operating activities	10,493	(110,477)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of common stock		80,500
Payment of lease liabilities		(16,371)
Net cash generated from financing activities		64,129
Effect of exchange rate changes on cash and cash equivalent	69
Net increase/(decrease) in cash and cash equivalents	10,562	(46,348)
Cash and cash equivalents, beginning of period	134	56,043
CASH AND CASH EQUIVALENTS, END OF PERIOD	10,696	9,695
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid
Interest paid		$ 669

v3.24.3

DESCRIPTION OF BUSINESS AND ORGANIZATION	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND ORGANIZATION	1. DESCRIPTION OF BUSINESS AND ORGANIZATION   Jocom Holdings Corp. was incorporated on January 8, 2021 under the laws of the state of Nevada.   The Company, through its subsidiary, engaged in providing data analytic services, which cover customer behavior and predictive customer analysis.   On April 15, 2021, the Company acquired 100% of the equity interests in Jocom Holdings Corp. (herein referred as the “Malaysia Company”), a private limited company incorporated in Labuan, Malaysia. In consideration of the equity interests of Jocom Holdings Corp., Ms. Chua was compensated $100 USD.   On June 12, 2024, Jocom Holdings Corp, its wholly owned subsidiary, acquired 100% of the equity interests in JHC Digital Sdn. Bhd. (herein referred as the “Malaysia Company”), a private limited company incorporated in Kuala Lumpur, Malaysia. In consideration of the equity interests of JHC Digital Sdn Bhd., Ms. Chua was compensated $2,120 USD.   Details of the Company’s subsidiaries:   SCHEDULE OF COMPANY SUBSIDIARIES   Company name   Place/date of incorporation   Particulars of issued capital   Principal activities                 1. Jocom Holdings Corp.   Labuan, January 26, 2021   100 shares of ordinary share of US$ 1 each   Data Analytic Software Solution 2. JHC Digital Sdn. Bhd.   Kuala Lumpur, June 12, 2024   10,000 shares of ordinary share of Malaysian Ringgit RM1 each   Trading of all kinds of goods online or offline, ecommerce, logistics activities, consulting services for software technology and software development.   For purposes of consolidated financial statement presentation, Jocom Holdings Corp. and its subsidiaries are hereinafter referred to as the “Company”.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES   Basis of presentation   The consolidated financial statements for Jocom Holdings Corp. and its subsidiaries (‘the Company’) for the nine months ended September 30, 2024 are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of Jocom Holdings Corp. and its wholly owned subsidiary, Jocom Holdings Corp and JHC Digital Sdn Bhd. The Company has adopted December 31 as its fiscal year end.   Basis of consolidation   The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation.   Revenue recognition   The Company follows the guidance of ASC 606, “Revenue from Contracts”. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.   The revenue generated was a service fee paid by a client to carry out data analytic services in the Southeast Asia online grocery market.   Use of estimates   Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.   Cash and cash equivalents   Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.   Intangible Asset   The Company follows the guidance according ASC Topic 350, “Testing Indefinite-Lived Intangible Assets for Impairment” paragraph 350-30-35-18, an intangible asset that is not subject to amortization shall be tested for impairment annually. There is no legal, regulatory, contractual, competitive, economic, or no foreseeable limit on the period of time over which it is expected to contribute to the cash flows of the Company, thus the useful life of the asset shall be considered to be indefinite.   Credit losses   The Company estimates and records a provision for its expected credit losses related to its financial instruments, including its trade receivables. Management considers historical collection rates, the current financial status of the Company’s customers, macroeconomic factors, and other industry-specific factors when evaluating current expected credit losses. Forward-looking information is also considered in the evaluation of current expected credit losses. However, because of the short time to the expected receipt of accounts receivable, management believes that the carrying value, net of expected losses, approximates fair value and therefore, relies more on historical and current analysis of such financial instruments, including its trade receivables.   Credit loss rate is determined by historical collection based on aging schedule, adjusted for current conditions using reasonable and supportable forecasts. Based on the aging categorization and the adjusted loss rate per category, an allowance for credit losses is calculated by multiplying the adjusted loss rate with the amortized cost in the respective age category.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)   Income taxes   Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.   ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.   Going Concern   The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period ended September 30, 2024, the Company suffered an accumulated deficit of $675,829 and capital deficiency of $99,860. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.   The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)   Net loss per share   The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.   Foreign currencies translation   The reporting and functional currency of the Company and its subsidiaries in Labuan is United States Dollars (“US$”) which being the primary currency of the economic environment in which these entities operate.   In addition, the Company’s subsidiary in Kuala Lumpur, Malaysia maintains its books and record in Malaysian Ringgit (“RM”), which is the respective functional currency as being the primary currency of the economic environment in which the entity operates.   Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations.   Translation of amounts from RM into US$1 has been made at the following exchange rates for the respective periods:   SCHEDULE OF EXCHANGE RATES     As of and for the nine months ended September 30, 2024     As of and for the twelve months ended December 31, 2023                 Period-end RM : US$1 exchange rate     4.122       4.589   Period-average RM : US$1 exchange rate     4.625       4.561   Exchange rate     4.625       4.561     Related parties   Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)   Fair value of financial instruments:   The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayment, deposits, accounts payable and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments.   The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:   Level 1: Observable inputs such as quoted prices in active markets;   Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and   Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.   Recent accounting pronouncements   The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

COMMON STOCK	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
COMMON STOCK	3. COMMON STOCK   On January 8, 2021, the Company issued 100,000 shares of restricted common stock, with a par value of $0.0001 per share, to Ms. Agnes in consideration of $10. The $10 in proceeds went to the Company to be used as working capital. Ms. Agnes serves as our Chief Financial Officer, President, Secretary, Treasurer and as member of our Board of Directors.   On May 1,2021 the Company issued 18,900,000 shares of restricted common stock, with a par value of $0.0001 per share, to Ms. Agnes in consideration of $1,890. The $1,890 in proceeds went to the Company to be used as working capital.   On May 1, 2021 the Company issued 19,000,000 shares of restricted common stock to Mr. Joshua with a par value of $0.0001 per share, in consideration of $1,900. The $1,900 in proceeds went to the Company to be used as working capital.   On June 1, 2021 the Company issued 8,500,000 shares of restricted common stock to SEATech Ventures Corp. with a par value of $0.0001 per share, in consideration of $850. The $850 in proceeds went to the Company to be used as working capital.   On June 1, 2021 the Company issued 5,500,000 shares of restricted common stock to JTalent Sdn. Bhd with a par value of $0.0001 per share, in consideration of $550. The $550 in proceeds went to the Company to be used as working capital.   On June 1, 2021 the Company issued 1,500,000 shares of restricted common stock to GreenPro Venture Capital Limited with a par value of $0.0001 per share, in consideration of $150. The $150 in proceeds went to the Company to be used as working capital.   On June 1, 2021, the Company issued 500,000 shares of restricted common stock to GreenPro Asia Strategic SPC - GreenPro Asia Strategic Fund SP with a par value of $0.0001 per share, in consideration of $50. The $50 in proceeds went to the Company to be used as working capital.   Between the period of June 20, 2021 to July 20, 2021, the Company issued 2,300,000 shares of restricted common stock to 23 foreign parties, all of which do not reside in the United States. A total of 2,300,000 shares of restricted common stock were sold at a price of $0.10 per share. The total proceeds to the Company amounted to a total of $230,000 went to the Company to be used as working capital.   Between the period of July 25, 2021 to September 10, 2021, the Company issued 1,300,000 shares of restricted common stock to 26 foreign parties, all of which do not reside in the United States. A total of 1,300,000 shares of restricted common stock were sold at a price of $0.20 per share. The total proceeds to the Company amounted to a total of $260,000 went to the Company to be used as working capital.   Between the period of January 1, 2023 to September 15, 2023, the Company issued 80,500 shares of common stock to 16 foreign parties, all of which do not reside in the United States. A total of 80,500 shares of common stock were sold at a price of $1.00 per share. The total proceeds to the Company amounted to a total of $80,500 went to the Company to be used as working capital.   As of September 30, 2024 and December 31, 2023 the Company has an issued and outstanding common share of 57,680,500 and 57,680,500.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

INTANGIBLE ASSET	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSET	4. INTANGIBLE ASSET    SCHEDULE OF INTANGIBLE ASSET     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)   At cost:   $        1     $       1   AI Smart Platform   $ 1     $ 1   Intangible asset   $ 1     $ 1

v3.24.3

PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
PLANT AND EQUIPMENT	5. PLANT AND EQUIPMENT   Plant and equipment as of September 30, 2024, and December 31, 2023 are summarized below:    SCHEDULE OF PROPERTY PLANT AND EQUIPMENT     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)                 Renovation   $            -     $  2,163   Total     -       2,163   Accumulated depreciation1   $ -     $ (2,162 ) Plant and equipment, net   $ -     $ 1     1 For the nine months period ended September 30, 2024 and 2023, depreciation expense was Nil and $811 respectively.

v3.24.3

CASH AND CASH EQUIVALENTS	9 Months Ended
	Sep. 30, 2024
Cash and Cash Equivalents [Abstract]
CASH AND CASH EQUIVALENTS	6. CASH AND CASH EQUIVALENTS   As at September 30, 2024, and December 31, 2023, the Company recorded cash and cash equivalents of $10,696 and $134 respectively which consists of cash on hand and bank balances.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

TRADE RECEIVABLE	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
TRADE RECEIVABLE	7. TRADE RECEIVABLE   Trade receivable consisted of the following as of September 30, 2024, and December 31, 2023.    SCHEDULE OF TRADE RECEIVABLE     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)   Trade receivable   $         -     $ 80,373   Allowance for doubtful debts   $ -     $ (80,373 ) Total trade receivable   $ -     $ -     As of September 30, 2024, trade receivable is Nil.   As of December 31, 2023, trade receivable of $80,373 which were related party transactions were netted off with allowance for doubtful debts of $80,373. The total outstanding balance for trade receivable is Nil.   The amount due from trade receivable is subject to normal trade credit term.

v3.24.3

DEPOSITS AND PREPAYMENTS	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
DEPOSITS AND PREPAYMENTS	8. DEPOSITS AND PREPAYMENTS   Deposits and prepayments consisted of the following as of September 30, 2024, and December 31, 2023.    SCHEDULE OF DEPOSITS     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)   Deposits     401       360   Prepayments     2,900       -   Total deposits and prepayments   $ 3,301     $ 360     As of September 30, 2024, and December 31, 2023, total deposits paid was $401 and $360 which mainly from the deposit of rental security and utilities deposit for the increase of lease rental.   As of September 30, 2024, the prepayments of $2,900 was mainly for the subscription of OTC markets. As of December 31, 2023, prepayment was nil.

v3.24.3

OTHER PAYABLES AND ACCRUALS	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
OTHER PAYABLES AND ACCRUALS	9. OTHER PAYABLES AND ACCRUALS   Other payables and accruals consisted of the following as of September 30, 2024, and December 31, 2023.    SCHEDULE OF OTHER PAYABLES AND ACCRUALS     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)   Other payables   $ 61,410     $ 94,469   Accruals   $ 44,707     $ 38,337   Total other payables and accruals   $ 106,117     $ 132,806     As of September 30, 2024 and December 31, 2023, other payables of $38,754 and $69,475 were related party balances. The amount is unsecured, interest-free and repayable on demand.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

AMOUNT DUE TO DIRECTORS	9 Months Ended
	Sep. 30, 2024
Amount Due To Directors
AMOUNT DUE TO DIRECTORS	10. AMOUNT DUE TO DIRECTORS   Amount due to directors consisted of the following as of September 30, 2024, and December 31, 2023.    SCHEDULE OF AMOUNT DUE TO DIRECTORS     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)   Amount due to directors   $ 6,361     $ 3,457   Total amount due to directors   $ 6,361     $ 3,457     As of September 30, 2024, and December 31, 2023, the amount of $6,361 and $3,457 were mainly due to expenses paid by directors. The amount is unsecured, interest-free and repayable on demand.

v3.24.3

INCOME TAXES	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	11. INCOME TAXES   For the nine months ended September 30, 2024 and 2023, the local (United States) and foreign components of profit/ (loss) before income taxes were comprised of the following:    SCHEDULE OF FOREIGN COMPONENTS OF LOSS BEFORE INCOME TAXES     For the nine months ended September 30, 2024     For the nine months ended September 30, 2023   Tax jurisdictions from:                 Local   $ 4,297       (76,537 ) Foreign, representing                 - Labuan   $ 34,858       (51,212 ) - Malaysia (other than Labuan)   $ (1,937 )     -   Profit/ (Loss) before income tax   $ 37,218       (127,749 )   The provision for income taxes consisted of the following:    SCHEDULE OF PROVISION INCOME TAXES     For the nine months ended September 30, 2024     For the nine months ended September 30, 2023                 Current:                                - Local   $ -     $ -   - Foreign     -       -   Income tax expense   $ -     $ -     The effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States and Malaysia including Labuan that are subject to taxes in the jurisdictions in which they operate, as follows:   United States of America   The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of September 30, 2024, the operations in the United States of America incurred $561,456 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carry forwards begin to expire in 2041, if unutilized.   Labuan   Under the current laws of the Labuan, Jocom Holdings Corp.is governed under the Labuan Business Activity Act, 1990. The tax charge for such company is based on 24% of net audited profit.   Malaysia (Other than Labuan)   Under the current laws of Malaysia, JHC Digital Sdn. Bhd. is governed under the Income Tax Act, 1967. The tax charge for such company is based on 24% of net audited profit.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

v3.24.3

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	12. RELATED PARTY TRANSACTIONS    SCHEDULE OF RELATED PARTY TRANSACTIONS     For the nine months ended September 30, 2024 (Unaudited)     For the nine months ended September 30, 2023 (Unaudited)   Jocom MShopping Sdn. Bhd.1                 - Revenue   $ 6,000     $ 18,000                     Joshua Sew 2                 - IT Advisory Fee   $ -     $ 7,035                     Khoo Ghi Geok 3                 - Accounting Fee   $ 10,500     $ 10,500     1   Mr. Joshua and Ms. Agnes, the Company Chief Executive Officer and Chief Financial Officer, are the directors of Jocom MShopping Sdn. Bhd.       2   Mr. Joshua Sew is the Company Chief Executive Officer.   3   Ms. Khoo Ghi Geok purchased a total of 10,000 shares of common stock in the Initial Public Offering at a price of $1.00 per share on August 20, 2023.

v3.24.3

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	13. COMMITMENTS AND CONTINGENCIES   As of September 30, 2024, the Company has no commitments or contingencies involved.

v3.24.3

CONCENTRATION OF RISK	9 Months Ended
	Sep. 30, 2024
Risks and Uncertainties [Abstract]
CONCENTRATION OF RISK	14. CONCENTRATION OF RISK   The Company is exposed to the following concentration of risk:   (a) Major customers   For the nine months ended September 30, 2024 and 2023, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows:    SCHEDULE OF CUSTOMER CONCENTRATION RISK     For the nine months ended September 30,2024     For the nine months ended September 30,2023       Revenue     Percentage of revenue     Account Receivable-Trade     Revenue     Percentage of revenue     Account Receivable-Trade                                         Customer A   $ 6,000       33 %   $ -     $ 18,000       100 %   $ 12,000   Customer B   $ 12,000       67 %   $ -     $ -       - %   $ -       $ 18,000       100 %   $ -     $ 18,000       100 %   $ 12,000       JOCOM HOLDINGS CORP. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)   (b) Major suppliers   For the nine months ended September 30, 2024, and 2023, there is no vendor who accounted for 10% or more of the Company’s purchase and the accounts payable balances at period-end.   (c) Credit risk   Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its trade receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.   (d) Exchange rate risk   The Company cannot guarantee that the current exchange rate will remain stable, therefore there is a possibility that the Company could post the same amount of income for two comparable periods and because of the fluctuating exchange rate actually post higher or lower income depending on exchange rate of RM converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

v3.24.3

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	15. SEGMENT INFORMATION   ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. 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 had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable segments is shown as below:   By Geography:    SCHEDULE OF SEGMENT INFORMATION     US     Malaysia     Total       For the nine months ended September 30, 2024       US     Malaysia     Total                       Revenue   $ -     $ 18,000     $ 18,000   Cost of revenue     -       -       -   Depreciation and amortization   $ -     $ -     $ -   Net profit before taxation   $ 4,297     $ 32,921     $ 37,218                             Total assets   $ 2,829     $ 11,169     $ 13,998       JOCOM HOLDINGS CORP. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)       US     Malaysia     Total       For the nine months ended September 30, 2023       US     Malaysia     Total                       Revenue     -       18,000       18,000   Cost of revenue     -       -       -   Depreciation and amortization     -       15,178       15,178   Net loss before taxation   $ (76,537 )   $ (51,212 )   $ (127,749 )                           Total assets   $ -     $ 26,581     $ 26,581     * Revenues and costs are attributed to countries based on the location of customers.

v3.24.3

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	16. SUBSEQUENT EVENTS   In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after September 30, 2024 up through the date the Company issued the audited consolidated financial statements. During this period, there was no subsequent event that required recognition or disclosure.

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation   The consolidated financial statements for Jocom Holdings Corp. and its subsidiaries (‘the Company’) for the nine months ended September 30, 2024 are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of Jocom Holdings Corp. and its wholly owned subsidiary, Jocom Holdings Corp and JHC Digital Sdn Bhd. The Company has adopted December 31 as its fiscal year end.
Basis of consolidation	Basis of consolidation   The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation.
Revenue recognition	Revenue recognition   The Company follows the guidance of ASC 606, “Revenue from Contracts”. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.   The revenue generated was a service fee paid by a client to carry out data analytic services in the Southeast Asia online grocery market.
Use of estimates	Use of estimates   Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.
Cash and cash equivalents	Cash and cash equivalents   Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Intangible Asset	Intangible Asset   The Company follows the guidance according ASC Topic 350, “Testing Indefinite-Lived Intangible Assets for Impairment” paragraph 350-30-35-18, an intangible asset that is not subject to amortization shall be tested for impairment annually. There is no legal, regulatory, contractual, competitive, economic, or no foreseeable limit on the period of time over which it is expected to contribute to the cash flows of the Company, thus the useful life of the asset shall be considered to be indefinite.
Credit losses	Credit losses   The Company estimates and records a provision for its expected credit losses related to its financial instruments, including its trade receivables. Management considers historical collection rates, the current financial status of the Company’s customers, macroeconomic factors, and other industry-specific factors when evaluating current expected credit losses. Forward-looking information is also considered in the evaluation of current expected credit losses. However, because of the short time to the expected receipt of accounts receivable, management believes that the carrying value, net of expected losses, approximates fair value and therefore, relies more on historical and current analysis of such financial instruments, including its trade receivables.   Credit loss rate is determined by historical collection based on aging schedule, adjusted for current conditions using reasonable and supportable forecasts. Based on the aging categorization and the adjusted loss rate per category, an allowance for credit losses is calculated by multiplying the adjusted loss rate with the amortized cost in the respective age category.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
Income taxes	Income taxes   Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.   ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.
Going Concern	Going Concern   The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period ended September 30, 2024, the Company suffered an accumulated deficit of $675,829 and capital deficiency of $99,860. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.   The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
Net loss per share	Net loss per share   The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.
Foreign currencies translation	Foreign currencies translation   The reporting and functional currency of the Company and its subsidiaries in Labuan is United States Dollars (“US$”) which being the primary currency of the economic environment in which these entities operate.   In addition, the Company’s subsidiary in Kuala Lumpur, Malaysia maintains its books and record in Malaysian Ringgit (“RM”), which is the respective functional currency as being the primary currency of the economic environment in which the entity operates.   Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations.   Translation of amounts from RM into US$1 has been made at the following exchange rates for the respective periods:   SCHEDULE OF EXCHANGE RATES     As of and for the nine months ended September 30, 2024     As of and for the twelve months ended December 31, 2023                 Period-end RM : US$1 exchange rate     4.122       4.589   Period-average RM : US$1 exchange rate     4.625       4.561   Exchange rate     4.625       4.561
Related parties	Related parties   Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.     JOCOM HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
Fair value of financial instruments	Fair value of financial instruments:   The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayment, deposits, accounts payable and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments.   The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:   Level 1: Observable inputs such as quoted prices in active markets;   Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and   Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
Recent accounting pronouncements	Recent accounting pronouncements   The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

v3.24.3

DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF COMPANY SUBSIDIARIES	Details of the Company’s subsidiaries:   SCHEDULE OF COMPANY SUBSIDIARIES   Company name   Place/date of incorporation   Particulars of issued capital   Principal activities                 1. Jocom Holdings Corp.   Labuan, January 26, 2021   100 shares of ordinary share of US$ 1 each   Data Analytic Software Solution 2. JHC Digital Sdn. Bhd.   Kuala Lumpur, June 12, 2024   10,000 shares of ordinary share of Malaysian Ringgit RM1 each   Trading of all kinds of goods online or offline, ecommerce, logistics activities, consulting services for software technology and software development.

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SCHEDULE OF EXCHANGE RATES	Translation of amounts from RM into US$1 has been made at the following exchange rates for the respective periods:   SCHEDULE OF EXCHANGE RATES     As of and for the nine months ended September 30, 2024     As of and for the twelve months ended December 31, 2023                 Period-end RM : US$1 exchange rate     4.122       4.589   Period-average RM : US$1 exchange rate     4.625       4.561   Exchange rate     4.625       4.561

v3.24.3

INTANGIBLE ASSET (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF INTANGIBLE ASSET	SCHEDULE OF INTANGIBLE ASSET     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)   At cost:   $        1     $       1   AI Smart Platform   $ 1     $ 1   Intangible asset   $ 1     $ 1

v3.24.3

PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY PLANT AND EQUIPMENT	Plant and equipment as of September 30, 2024, and December 31, 2023 are summarized below:    SCHEDULE OF PROPERTY PLANT AND EQUIPMENT     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)                 Renovation   $            -     $  2,163   Total     -       2,163   Accumulated depreciation1   $ -     $ (2,162 ) Plant and equipment, net   $ -     $ 1     1 For the nine months period ended September 30, 2024 and 2023, depreciation expense was Nil and $811 respectively.

v3.24.3

TRADE RECEIVABLE (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
SCHEDULE OF TRADE RECEIVABLE	Trade receivable consisted of the following as of September 30, 2024, and December 31, 2023.    SCHEDULE OF TRADE RECEIVABLE     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)   Trade receivable   $         -     $ 80,373   Allowance for doubtful debts   $ -     $ (80,373 ) Total trade receivable   $ -     $ -

v3.24.3

DEPOSITS AND PREPAYMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF DEPOSITS	Deposits and prepayments consisted of the following as of September 30, 2024, and December 31, 2023.    SCHEDULE OF DEPOSITS     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)   Deposits     401       360   Prepayments     2,900       -   Total deposits and prepayments   $ 3,301     $ 360

v3.24.3

OTHER PAYABLES AND ACCRUALS (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
SCHEDULE OF OTHER PAYABLES AND ACCRUALS	Other payables and accruals consisted of the following as of September 30, 2024, and December 31, 2023.    SCHEDULE OF OTHER PAYABLES AND ACCRUALS     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)   Other payables   $ 61,410     $ 94,469   Accruals   $ 44,707     $ 38,337   Total other payables and accruals   $ 106,117     $ 132,806

v3.24.3

AMOUNT DUE TO DIRECTORS (Tables)	9 Months Ended
	Sep. 30, 2024
Amount Due To Directors
SCHEDULE OF AMOUNT DUE TO DIRECTORS	Amount due to directors consisted of the following as of September 30, 2024, and December 31, 2023.    SCHEDULE OF AMOUNT DUE TO DIRECTORS     As of September 30, 2024 (Unaudited)     As of December 31, 2023 (Audited)   Amount due to directors   $ 6,361     $ 3,457   Total amount due to directors   $ 6,361     $ 3,457

v3.24.3

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
SCHEDULE OF FOREIGN COMPONENTS OF LOSS BEFORE INCOME TAXES	For the nine months ended September 30, 2024 and 2023, the local (United States) and foreign components of profit/ (loss) before income taxes were comprised of the following:    SCHEDULE OF FOREIGN COMPONENTS OF LOSS BEFORE INCOME TAXES     For the nine months ended September 30, 2024     For the nine months ended September 30, 2023   Tax jurisdictions from:                 Local   $ 4,297       (76,537 ) Foreign, representing                 - Labuan   $ 34,858       (51,212 ) - Malaysia (other than Labuan)   $ (1,937 )     -   Profit/ (Loss) before income tax   $ 37,218       (127,749 )
SCHEDULE OF PROVISION INCOME TAXES	The provision for income taxes consisted of the following:    SCHEDULE OF PROVISION INCOME TAXES     For the nine months ended September 30, 2024     For the nine months ended September 30, 2023                 Current:                                - Local   $ -     $ -   - Foreign     -       -   Income tax expense   $ -     $ -

v3.24.3

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
SCHEDULE OF RELATED PARTY TRANSACTIONS	SCHEDULE OF RELATED PARTY TRANSACTIONS     For the nine months ended September 30, 2024 (Unaudited)     For the nine months ended September 30, 2023 (Unaudited)   Jocom MShopping Sdn. Bhd.1                 - Revenue   $ 6,000     $ 18,000                     Joshua Sew 2                 - IT Advisory Fee   $ -     $ 7,035                     Khoo Ghi Geok 3                 - Accounting Fee   $ 10,500     $ 10,500     1   Mr. Joshua and Ms. Agnes, the Company Chief Executive Officer and Chief Financial Officer, are the directors of Jocom MShopping Sdn. Bhd.       2   Mr. Joshua Sew is the Company Chief Executive Officer.   3   Ms. Khoo Ghi Geok purchased a total of 10,000 shares of common stock in the Initial Public Offering at a price of $1.00 per share on August 20, 2023.

v3.24.3

CONCENTRATION OF RISK (Tables)	9 Months Ended
	Sep. 30, 2024
Risks and Uncertainties [Abstract]
SCHEDULE OF CUSTOMER CONCENTRATION RISK	For the nine months ended September 30, 2024 and 2023, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows:    SCHEDULE OF CUSTOMER CONCENTRATION RISK     For the nine months ended September 30,2024     For the nine months ended September 30,2023       Revenue     Percentage of revenue     Account Receivable-Trade     Revenue     Percentage of revenue     Account Receivable-Trade                                         Customer A   $ 6,000       33 %   $ -     $ 18,000       100 %   $ 12,000   Customer B   $ 12,000       67 %   $ -     $ -       - %   $ -       $ 18,000       100 %   $ -     $ 18,000       100 %   $ 12,000

v3.24.3

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
SCHEDULE OF SEGMENT INFORMATION	The Company had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable segments is shown as below:   By Geography:    SCHEDULE OF SEGMENT INFORMATION     US     Malaysia     Total       For the nine months ended September 30, 2024       US     Malaysia     Total                       Revenue   $ -     $ 18,000     $ 18,000   Cost of revenue     -       -       -   Depreciation and amortization   $ -     $ -     $ -   Net profit before taxation   $ 4,297     $ 32,921     $ 37,218                             Total assets   $ 2,829     $ 11,169     $ 13,998       JOCOM HOLDINGS CORP. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)       US     Malaysia     Total       For the nine months ended September 30, 2023       US     Malaysia     Total                       Revenue     -       18,000       18,000   Cost of revenue     -       -       -   Depreciation and amortization     -       15,178       15,178   Net loss before taxation   $ (76,537 )   $ (51,212 )   $ (127,749 )                           Total assets   $ -     $ 26,581     $ 26,581     * Revenues and costs are attributed to countries based on the location of customers.

v3.24.3

SCHEDULE OF COMPANY SUBSIDIARIES (Details)	Jun. 12, 2024 MYR (RM) shares	Apr. 15, 2021 USD ($) shares
Jocom Holdings Corp [Member]
Company name		Jocom Holdings Corp
Place and date of incorporation		Labuan, January 26, 2021
Shares issued		100
Value issued | $		$ 1
Principal activities		Data Analytic Software Solution
JHC Digital Sdn. Bhd [Member]
Company name	JHC Digital Sdn. Bhd
Place and date of incorporation	Kuala Lumpur, June 12, 2024
Shares issued	10,000
Value issued | RM	RM 1
Principal activities	Trading of all kinds of goods online or offline, ecommerce, logistics activities, consulting services for software technology and software development

v3.24.3

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details Narrative) - USD ($)	Jun. 12, 2024	Apr. 15, 2021
Ms. Chua [Member]
Share based compensation	$ 2,120	$ 100
Jocom Holdings Corp [Member]
Equity interest		100.00%
JHC Digital Sdn. Bhd [Member]
Equity interest	100.00%

v3.24.3

SCHEDULE OF EXCHANGE RATES (Details)	Sep. 30, 2024	Dec. 31, 2023
Year End RM [Member]
Offsetting Assets [Line Items]
Exchange rate	4.122	4.589
Year Average RM [Member]
Offsetting Assets [Line Items]
Exchange rate	4.625	4.561

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Income tax likelihood description	a greater than 50% likelihood
Accumulated deficit	$ 675,829			$ 713,047
Capital deficiency	$ 99,860	$ 111,844	$ 141,505	$ 137,147	$ 108,005	$ 142,875	$ 107,684	$ 60,756

v3.24.3

COMMON STOCK (Details Narrative) - USD ($)				1 Months Ended	2 Months Ended	9 Months Ended
	Jun. 01, 2021	May 01, 2021	Jan. 08, 2021	Jul. 20, 2021	Sep. 10, 2021	Sep. 15, 2023	Sep. 30, 2024	Dec. 31, 2023
Common stock par value							$ 0.0001	$ 0.0001
Common stock, shares issued							57,680,500	57,680,500
Common stock, shares outstanding							57,680,500	57,680,500
23 Foreign Parties [Member]
Restricted common stock, shares				2,300,000
Working capital				$ 230,000
Sale of stock price per share				$ 0.10
26 Foreign Parties [Member]
Restricted common stock, shares					1,300,000
Working capital					$ 260,000
Sale of stock price per share					$ 0.20
16 Foreign Parties [Member]
Restricted common stock, shares						80,500
Working capital						$ 80,500
Sale of stock price per share						$ 1.00
SEA Tech Ventures Corp [Member]
Restricted common stock, shares	8,500,000
Common stock par value	$ 0.0001
Restricted common stock, value	$ 850
Working capital	$ 850
JTalent Sdn. Bhd [Member]
Restricted common stock, shares	5,500,000
Common stock par value	$ 0.0001
Restricted common stock, value	$ 550
Working capital	$ 550
GreenPro Venture Capital Limited [Member]
Restricted common stock, shares	1,500,000
Common stock par value	$ 0.0001
Restricted common stock, value	$ 150
Working capital	$ 150
GreenPro Asia Strategic SPC [Member]
Restricted common stock, shares	500,000
Common stock par value	$ 0.0001
Restricted common stock, value	$ 50
Working capital	$ 50
Ms. Agnes [Member]
Restricted common stock, shares		18,900,000	100,000
Common stock par value		$ 0.0001	$ 0.0001
Restricted common stock, value		$ 1,890	$ 10
Working capital		$ 1,890	$ 10
Mr. Joshua [Member]
Restricted common stock, shares		19,000,000
Common stock par value		$ 0.0001
Restricted common stock, value		$ 1,900
Working capital		$ 1,900

v3.24.3

SCHEDULE OF INTANGIBLE ASSET (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Intangible asset	$ 1	$ 1
AI Smart Platform [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible asset	$ 1	$ 1

v3.24.3

SCHEDULE OF PROPERTY PLANT AND EQUIPMENT (Details) - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Renovation			$ 2,163
Total			2,163
Accumulated depreciation	[1]		(2,162)
Plant and equipment, net			$ 1
[1] For the nine months period ended September 30, 2024 and 2023, depreciation expense was Nil and $811 respectively.

v3.24.3

SCHEDULE OF PROPERTY PLANT AND EQUIPMENT (Details) (Parenthetical) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation		$ 811

v3.24.3

CASH AND CASH EQUIVALENTS (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 10,696	$ 134

v3.24.3

SCHEDULE OF TRADE RECEIVABLE (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Trade receivable		$ 80,373
Allowance for doubtful debts		(80,373)
Total trade receivable

v3.24.3

TRADE RECEIVABLE (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Trade receivable		$ 80,373
Allowance for doubtful accounts		80,373
Net outstanding balance for trade receivable
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Trade receivable		$ 80,373

v3.24.3

SCHEDULE OF DEPOSITS (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deposits	$ 401	$ 360
Prepayments	2,900
Total deposits and prepayments	$ 3,301	$ 360

v3.24.3

DEPOSITS AND PREPAYMENTS (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deposits	$ 401	$ 360
Prepayments	$ 2,900

v3.24.3

SCHEDULE OF OTHER PAYABLES AND ACCRUALS (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Other payables	$ 61,410	$ 94,469
Accruals	44,707	38,337
Total other payables and accruals	$ 106,117	$ 132,806

v3.24.3

OTHER PAYABLES AND ACCRUALS (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Other payable	$ 106,117	$ 132,806
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Other payable	$ 38,754	$ 69,475

v3.24.3

SCHEDULE OF AMOUNT DUE TO DIRECTORS (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Total amount due to directors	$ 6,361	$ 3,457
Director [Member]
Defined Benefit Plan Disclosure [Line Items]
Total amount due to directors	$ 6,361	$ 3,457

v3.24.3

AMOUNT DUE TO DIRECTORS (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Amount due to directors	$ 6,361	$ 3,457
Director [Member]
Defined Benefit Plan Disclosure [Line Items]
Amount due to directors	$ 6,361	$ 3,457

v3.24.3

SCHEDULE OF FOREIGN COMPONENTS OF LOSS BEFORE INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Local			$ 4,297	$ (76,537)
PROFIT/ (LOSS) BEFORE INCOME TAX	$ 11,911	$ (45,630)	37,218	(127,749)
Labuan [Member]
- Malaysia (other than Labuan)			34,858	(51,212)
Other Than Labuan [Member]
- Malaysia (other than Labuan)			$ (1,937)

v3.24.3

SCHEDULE OF PROVISION INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Current:
- Local
- Foreign
Income tax expense

v3.24.3

INCOME TAXES (Details Narrative)	9 Months Ended
	Sep. 30, 2024 USD ($)
Cumulative net operating losses	$ 561,456
Operating loss carry forwards expiration description	expire in 2041
Labuan [Member]
Income tax net audited profit	24.00%
Other Than Labuan [Member]
Income tax net audited profit	24.00%

v3.24.3

SCHEDULE OF RELATED PARTY TRANSACTIONS (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Related Party Transaction [Line Items]
Revenue		$ 6,000	$ 6,000	$ 18,000	$ 18,000
Jocom MShopping Sdn. Bhd. [Member]
Related Party Transaction [Line Items]
Revenue	[1]			6,000	18,000
Joshua Sew [Member]
Related Party Transaction [Line Items]
IT Advisory Fee	[2]				7,035
Khoo Ghi Geok [Member]
Related Party Transaction [Line Items]
Accounting Fee	[3]			$ 10,500	$ 10,500
[1] Mr. Joshua and Ms. Agnes, the Company Chief Executive Officer and Chief Financial Officer, are the directors of Jocom MShopping Sdn. Bhd. [2] Mr. Joshua Sew is the Company Chief Executive Officer. [3] Ms. Khoo Ghi Geok purchased a total of 10,000 shares of common stock in the Initial Public Offering at a price of $1.00 per share on August 20, 2023.

v3.24.3

SCHEDULE OF RELATED PARTY TRANSACTIONS (Details) (Parenthetical) - $ / shares	Aug. 20, 2023	Sep. 23, 2023
Price per share		$ 1.00
Khoo Ghi Geok [Member] | IPO [Member]
Shares issued in the initial public offering, shares	10,000
Price per share	$ 1.00

v3.24.3

SCHEDULE OF CUSTOMER CONCENTRATION RISK (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Concentration Risk [Line Items]
Revenues	$ 6,000	$ 6,000	$ 18,000	$ 18,000
Accounts Receivable Trade
Customer A [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Revenues			$ 6,000	$ 18,000
Percentage of revenue			33.00%	100.00%
Accounts Receivable Trade		12,000		$ 12,000
Customer B [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Revenues			$ 12,000
Percentage of revenue			67.00%
Accounts Receivable Trade
Customer [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Revenues			$ 18,000	$ 18,000
Percentage of revenue			100.00%	100.00%
Accounts Receivable Trade		$ 12,000		$ 12,000

v3.24.3

SCHEDULE OF SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 6,000	$ 6,000	$ 18,000	$ 18,000
Cost of revenue
Depreciation and amortization				15,178
Net loss before taxation	11,911	(45,630)	37,218	(127,749)
Assets	13,998	26,581	13,998	26,581	$ 496
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue
Cost of revenue
Depreciation and amortization
Net loss before taxation			4,297	(76,537)
Assets	2,829		2,829
MALAYSIA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue			18,000	18,000
Cost of revenue
Depreciation and amortization				15,178
Net loss before taxation			32,921	(51,212)
Assets	$ 11,169	$ 26,581	$ 11,169	$ 26,581

---