Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 178

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 1C
Chunk 178
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ed to a total of $80,500 went to the Company to be used as working capital.

As of December 31, 2024 the Company has an issued
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 rece