Company: JOCM
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011600
Chunk: 44

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 44
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Jocom
Holdings Corp., a Nevada Corporation, is a company that operates through its wholly owned subsidiary, Jocom Holdings Corp., a Company
organized in Labuan, Malaysia. The Nevada and, Malaysia corporations share the same exact business plan.

We
currently provide data analytic services, which cover customer behavior and predictive customer analysis, to, at present, one client.
Our present client, a Malaysia company named Jocom Mshopping Sdn Bhd, who is a related party, runs an e-commerce platform operator located
in Malaysia. Our inhouse data analytic software solution, namely “JOCOM AI Smart Platform”, is developed by our CEO, Mr.
Sew, through his past experience in software development and the fresh grocery industry. JOCOM AI Smart Platform is a subscription based
web software. Via our wholly owned subsidiary, Jocom Holdings Corp., we own the rights to a propriety analytics platform, “JOCOM
AI SMART PLATFORM”, referred to herein as “the Software”, which analyzes buying patterns and customer behaviors of
consumers of grocery items within Malaysia. We also have an interface that allows users to purchase and schedule grocery delivery. Our
Software is able to integrate on our interface and analyze data from the interface. Amongst other things, the Software can analyze customer
behaviors, predict customers behaviors, and optimize product placement.

3

Results
of Operation

For
the three months ended March 31, 2025 and March 31, 2024

Revenues

The
Company generated revenue of $Nil and $6,000 for the three months ended March 31, 2025 and 2024 respectively. The revenue was a result
of a service fee paid by a client to carry out data analytic services on the Southeast Asian online grocery market via our software solution..

Cost
of Revenue and Gross Profit

For
the three months ended March 31, 2025 and 2024, the Company did not have any cost of revenue. The Company generated gross profits of
$Nil and $6,000 respectively for the three months ended March 31, 2025 and 2024.

Other
Income

For
the three months ended March 31, 2025 and 2024, the Company generated other income of $56,209 and $11,886 from waiver given on liabilities
and foreign currency variations.

General
and administrative expenses

General
and administrative expenses for the three months ended March 31, 2025 and