Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 313

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 4
Chunk 313
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 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.

(d) Exchange rate risk

The Company cannot guarantee that the current exchange
rate will remain stable, therefore there is a possibility that the Company could post the same amount of income for two comparable periods
and because of the fluctuating exchange rate actually post higher or lower income depending on exchange rate of RM converted to US$ on
that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

15. SEGMENT INFORMATION

ASC 280, “Segment Reporting” establishes
standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure
as well as information about services categories, business segments and major customers in financial statements. In accordance with the
“Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief
Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance
for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report
selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and
the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under
“Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and
services; and procurement, manufacturing and distribution processes.

The Company had no inter-segment sales for the periods
presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

SCHEDULE OF SEGMENT INFORMATION

By Business Unit:

    Investment Holding  
    Software Solution  
    Total 

    For the year ended December 31, 2024 

    Investment Holding  
    Software Solution  
    Total 

    Revenue 
    $-  
    $24,000  
    $24,000 
  
    Cost of revenue 
     -  
     -  
     - 
  
    Depreciation and amortization 
    $-  
    $-  
    $- 
  
    Net profit/(loss) before taxation 
    $(35,445) 
    $103,964  
    $68,519 

    Total assets