Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 726

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 14
Chunk 726
---
373 
  
    Reversal of allowance for doubtful debt 
    $(80,373) 
    $- 
  
    Depreciation and amortisation 
    $-  
    $19,709 
  
    Interest expense 
    $-  
    $314 

    Changes in operating assets and liabilities: 

    Trade receivable 
    $80,373  
    $(373)
  
    Deposits and prepayment 
    $(5,429) 
    $17 
  
    Other payables and accruals 
    $(63,372) 
    $(20,654)
  
    Amount due to directors 
    $2,562  
    $(5,813 
  
    Net cash provided by/(used in) operating activities 
    $2,280  
    $(115,318)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Payment of lease liabilities 
    $-  
    $(21,091)
  
    Proceeds from issuance of common stocks 
    $-  
    $80,500 
  
    Net cash provided by financing activities 
    $-  
    $59,409 

    Effect of exchange rate changes on cash and cash equivalent 
    $67  
    $- 

    Net increase/(decrease) in cash and cash equivalents 
    $2,347  
    $(55,909)
  
    Cash and cash equivalents, beginning of year 
    $134  
    $56,043 
  
    CASH AND CASH EQUIVALENTS, END OF THE YEAR 
    $2,481  
    $134 
  
    SUPPLEMENTAL CASH FLOWS INFORMATION 

    Income taxes paid 
    $-  
    $- 
  
    Interest paid 
    $-  
    $- 

See accompanying notes to consolidated financial statements.

F-6

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)

1. DESCRIPTION OF BUSINESS AND ORGANIZATION

Jocom Holdings Corp. was incorporated
on January 8, 2021 under the laws of the state of Nevada.

The Company, through its
subsidiary, engaged in providing data analytic services, which cover customer