Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 265

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 3
Chunk 265
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and outstanding common share of 57,680,500.

    F-11

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)

4. INTANGIBLE ASSET

 SCHEDULE OF INTANGIBLE ASSET 

    As of December 31, 2024 (Audited)  
    As of December 31, 2023 (Audited) 
  
    At cost: 
    $        1  
    $     1 
  
    AI Smart Platform 
    $1  
    $1 
  
    Intangible asset 
    $1  
    $1 

5. PLANT AND EQUIPMENT

Plant and equipment as of December 31, 2024, and December
31, 2023 are summarized below:

 SCHEDULE OF PROPERTY PLANT AND EQUIPMENT 

    As of December 31, 2024 (Audited)  
    As of December 31, 2023 (Audited) 

    Renovation 
    $                  -  
    $2,163 
  
    Total 
     -  
     2,163 
  
    Accumulated depreciation1 
    $-  
    $(2,162)
  
    Plant and equipment, net 
    $-  
    $1 

    1
     
    For the year ended December 31, 2024, depreciation expense was $Nil.

    F-12

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)

6. CASH AND CASH EQUIVALENTS

As at December 31, 2024, and December 31, 2023, the
Company recorded cash and cash equivalents of $2,481 and $134 respectively which consists of cash on hand and bank balances.

7. TRADE RECEIVABLE

Trade receivable consisted of the following as of
December 31, 2024, and December 31, 2023.

 SCHEDULE OF TRADE RECEIVABLE