Company: JOCM
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011600
Chunk: 31

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 31
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 future financing, if needed, will be available or,
if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing,
if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its
stockholders, in the case of equity financing.

    F-8

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)

Net
loss per share

The
Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic loss
per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted
income per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional
common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common
shares were dilutive.

Foreign
currencies translation

The
reporting and functional currency of the Company and its subsidiaries in Labuan is United States Dollars (“US$”) which being
the primary currency of the economic environment in which these entities operate.

In
addition, the Company’s subsidiary in Kuala Lumpur, Malaysia maintains its books and record in Malaysian Ringgit (“RM”),
which is the respective functional currency as being the primary currency of the economic environment in which the entity operates.

Transactions
denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing
at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated
into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded
in the statements of operations.

Translation
of amounts from RM into US$1 has been made at the following exchange rates for the respective periods:

SCHEDULE OF EXCHANGE RATES 

    As
                                            of and for the
                                                                                                                         three months
                                                                               ended March
                                            31, 2025  
    As
                                            of and for the
                                                                                                                              twelve months
                                                                                ended
                                            December
                                                                                31