Company: JOCM
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011600
Chunk: 23

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 23
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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 capital investments in connection with ongoing operations.

Cash
Used In Operating Activities

For
the three months ended March 31, 2025 and 2024 net cash used in operating activities was $48 and $21. The cash used in operating activities
was mainly for payment of general and administrative expenses.

Cash
Used In Investing Activity

For
the period from January 1, 2025 to March 31, 2025 and for the period from January 1, 2024 to March 31, 2024, there was no cash used for
the investing activity.

Cash
Used in Financing Activity

For
the period from January 1, 2025 to March 31, 2025, there was no cash used for the financing activity.

For
the period from January 1, 2024 to March 31, 2024, there was no cash used for the financing activity.

Credit
Facilities

We
do not have