Company: JOCM
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011600
Chunk: 45

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 45
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2024 amounted to $19,167 and $22,244 respectively.

Net
Loss

The
net profit was $37,042 for the three months ended March 31, 2025 as compared to net loss of $4,358 for the three months ended March 31,
2024. The decrease in net loss was mainly from the waiver given on liabilities.

Liquidity
and Capital Resources

As
of March 31, 2025, we had cash and cash equivalents of $2,450 as compared to $113 as of March 31, 2024. 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
Used In Operating Activities

For
the three months ended March 31, 2025 and 2024 net cash used in operating activities was $48 and $21. The cash used in operating activities
was mainly for payment of general and administrative expenses.

Cash
Used In Investing Activity

For
the period from January 1, 2025 to March 31, 2025 and for the period from January 1, 2024 to March 31, 2024, there was no cash used for
the investing activity.

Cash
Used in Financing Activity

For
the period from January 1, 2025 to March 31, 2025, there was no cash used for the financing activity.

For
the period from January 1, 2024 to March 31, 2024, there was no cash used for the financing activity.

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 March 31, 2025.

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