Company: JOCM
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-022470
Chunk: 40

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 40
---
 10,000 shares of common stock in the Initial Public Offering at a price of $1.00 per share on
    August 20, 2023.

12.
COMMITMENTS AND CONTINGENCIES

As
of September 30, 2025, the Company has no commitments or contingencies involved.

13.
CONCENTRATION OF RISK

The
Company is exposed to the following concentration of risk:

(a)
Major customers

For
the six months ended September 30, 2025 and 2024, 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, 2025  
    For
the nine months ended
                                                                                                                               September 30, 2024 

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

    Customer A 
    $-  
     -% 
    $-  
    $6,000  
     33% 
    $       - 
  
    Customer B 
    $-  
     -% 
    $-  
    $12,000  
     67% 
    $- 

    $-  
     -% 
    $-  
    $18,000  
     100% 
    $- 

(b)
Major suppliers

For
the six months ended September 30, 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.

(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.

    F-14

JOCOM
HOLDINGS CORP.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR