Company: JOCM
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011600
Chunk: 50

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 2
Chunk 50
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 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 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