Company: JOCM
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011600
Chunk: 40

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 40
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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.

(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.

(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