Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 736

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 14
Chunk 736
---
    $                  -  
    $2,163 
  
    Total 
     -  
     2,163 
  
    Accumulated depreciation1 
    $-  
    $(2,162)
  
    Plant and equipment, net 
    $-  
    $1 

    1
     
    For the year ended December 31, 2024, depreciation expense was $Nil.

    F-12

JOCOM HOLDINGS CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED DECEMBER 31, 2024
AND 2023

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

6. CASH AND CASH EQUIVALENTS

As at December 31, 2024, and December 31, 2023, the
Company recorded cash and cash equivalents of $2,481 and $134 respectively which consists of cash on hand and bank balances.

7. TRADE RECEIVABLE

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

 SCHEDULE OF TRADE RECEIVABLE 

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

As of December 31, 2024, trade receivable of $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 PREPAYMENT

Deposits and prepayment consisted of the following
as of December 31, 2024, and December 31, 2023.

 SCHEDULE OF DEPOSITS 

    As of December 31, 2024 (Audited)  
    As of December 31, 2023 (Audited) 
  
    Deposits