Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 655

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 11
Chunk 655
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 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.

Plant and equipment

Plant and equipment are stated at cost less accumulated
depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected
useful lives from the date on which they become fully operational.

SCHEDULE OF USEFUL LIFE PROPERTY PLANT AND EQUIPMENT 

    Categories
     
    Estimated useful life
  
    Renovation
     
    2 years

Expenditures for maintenance and repairs are expensed
as incurred. The gain or loss on the disposal of plant and equipment is the difference between the net sales proceeds and the carrying
amount of the relevant assets and is recognized in the statement of operations

Income taxes

The provision of income taxes is determined in accordance
with the provisions of ASC Topic 740, “Income Taxes” (“ASC 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 year 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 year 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.

    F-8

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)

Net loss per share

The Company calculates net loss per share in accordance
with ASC Topic 260