Company: JOCM
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011600
Chunk: 18

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 18
---
    Accounting Fee 
    $3,361  
    $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
     
    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.

11.
COMMITMENTS AND CONTINGENCIES

As
of March 31, 2025, the Company has no commitments or contingencies involved.

12.
CONCENTRATION OF RISK

The
Company is exposed to the following concentration of risk:

(a)
Major customers

For
the three months ended March 31, 2025 and 2024, the customers who accounted for 10% or more of the Company’s revenues and its accounts
receivable balance at year/period-end are presented as follows:

 SCHEDULE OF CUSTOMER CONCENTRATION RISK 

    For
    the three months ended March 31, 2025  
    For
    the three months ended March 31, 2024 

    Revenue  
    Percentage
    of revenue  
    Account
    Receivable-Trade  
    Revenue  
    Percentage
    of revenue  
    Account
    Receivable-Trade 

    Customer
    A 
    $-  
     -% 
    $-  
    $6,000  
     100% 
    $12,000 

    $-  
     -% 
    $-  
    $6,000  
     100% 
    $12,000 

    F-15

JOCOM
HOLDINGS CORP.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

(b)
Major suppliers

For
the three months ended March 31, 2025, and 2024, there is no vendor who accounted for 10% or more of the Company’s purchase and
the accounts payable balances at period-end.