Company: JOCM
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-022470
Chunk: 29

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 29
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 consulting services for software technology and software development.

For
purposes of consolidated financial statement presentation, Jocom Holdings Corp. and its subsidiaries are hereinafter referred to as the
“Company”.

    F-6

JOCOM
HOLDINGS CORP.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Currency
expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Going
Concern

The
accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement
of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period
ended September 30, 2025, the Company incurred a loss of $72,692 and suffered an accumulated deficit of $775,569
and negative operating cash flows of $479,644.
These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that
the financial statements are issued. The financial statements do not include any adjustments that might be necessary if the Company is
unable to continue as a going concern.

Basis
of presentation

The
accompanying unaudited condensed consolidated financial statements as of and for the nine months ended September 30, 2025, and 2024 have
been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) that permit reduced
disclosure for interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance
with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted.
Operating results for the period ended September 30, 2025, are not necessarily indicative of the results that may be expected for the
year ended December 31, 2025. The condensed consolidated balance sheet information as of December 31, 2024 was derived from the Company’s
audited Consolidated Financial Statements as of and for the year ended December 31, 2024. These financial statements should be read in
conjunction with that report.

The
accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries,
which the Company controls and entities