SCHEDULE OF SEGMENT REPORTING INFORMATION (Details) $ in Thousands |
12 Months Ended | ||||
|---|---|---|---|---|---|
|
Dec. 31, 2024
USD ($)
|
Dec. 31, 2024
HKD ($)
|
Dec. 31, 2023
HKD ($)
|
Dec. 31, 2022
HKD ($)
|
Dec. 31, 2024
HKD ($)
|
|
| Segment Reporting Information [Line Items] | |||||
| Revenues – excluding interest income | $ 6,689,000 | $ 15,958,000 | $ 12,287,000 | ||
| Revenues - interest income | $ 394 | 3,059,000 | 5,981,000 | 6,990,000 | |
| Total revenues | 1,255 | 9,748,000 | 21,939,000 | 19,277,000 | |
| Compensation and benefits | (1,111) | (8,633,000) | (7,550,000) | (8,732,000) | |
| Commission | (327) | (2,538,000) | (2,037,000) | (3,980,000) | |
| Advertising and marketing | (78) | (608,000) | (2,254,000) | ||
| Lease expense | (161) | (1,250,000) | (1,261,000) | (1,398,000) | |
| Legal and professional fee | (267) | (2,077,000) | (2,356,000) | (2,709,000) | |
| Reversal of allowance of expected credit losses on loans to customers | 181 | 1,403,000 | (10,944,000) | ||
| Other general and administrative | (422) | (3,277,000) | (2,816,000) | (3,495,000) | |
| Total expenses | (2,185) | (16,980,000) | (29,218,000) | (20,314,000) | |
| Other income - interest income | 63 | 493,000 | 168,000 | 17,000 | |
| Other income | 13 | 103,000 | 39,000 | 408,000 | |
| Total other income | 76 | 596,000 | 207,000 | 425,000 | |
| Income (loss) before income taxes | (854) | (6,636,000) | (7,072,000) | (612,000) | |
| Total assets | 9,232 | 106,644,000 | 123,414,000 | $ 71,729,000 | |
| Total liabilities | (2,124) | (45,902,000) | (43,336,000) | (16,510,000) | |
| Net assets | 7,108 | 60,742,000 | 80,078,000 | 55,219,000 | |
| Revenues - excluding interest income | $ 861 | ||||
| Securities Related Services Segment [Member] | |||||
| Segment Reporting Information [Line Items] | |||||
| Revenues – excluding interest income | 2,494,000 | 12,011,000 | 5,688,000 | ||
| Revenues - interest income | 3,059,000 | 5,981,000 | 6,990,000 | ||
| Total revenues | 5,553,000 | 17,992,000 | 12,678,000 | ||
| Compensation and benefits | |||||
| Commission | (36,000) | (42,000) | (458,000) | ||
| Advertising and marketing | |||||
| Lease expense | |||||
| Legal and professional fee | (1,610,000) | (1,703,000) | (1,045,000) | ||
| Reversal of allowance of expected credit losses on loans to customers | 1,427,000 | (10,944,000) | |||
| Other general and administrative | (2,938,000) | (2,439,000) | (3,016,000) | ||
| Total expenses | (3,157,000) | (15,128,000) | (4,519,000) | ||
| Other income - interest income | 475,000 | 164,000 | 17,000 | ||
| Other income | 103,000 | 39,000 | 364,000 | ||
| Total other income | 578,000 | 203,000 | 381,000 | ||
| Income (loss) before income taxes | 2,974,000 | 3,067,000 | 8,540,000 | ||
| Total assets | 92,313,000 | 107,613,000 | 54,106,000 | ||
| Total liabilities | (41,654,000) | (37,634,000) | (12,259,000) | ||
| Net assets | 50,659,000 | 69,979,000 | 41,847,000 | ||
| Asset Management Services Segment [Member] | |||||
| Segment Reporting Information [Line Items] | |||||
| Revenues – excluding interest income | 4,195,000 | 3,947,000 | 6,599,000 | ||
| Revenues - interest income | |||||
| Total revenues | 4,195,000 | 3,947,000 | 6,599,000 | ||
| Compensation and benefits | |||||
| Commission | (2,502,000) | (1,995,000) | (3,522,000) | ||
| Advertising and marketing | |||||
| Lease expense | |||||
| Legal and professional fee | (152,000) | (413,000) | (27,000) | ||
| Reversal of allowance of expected credit losses on loans to customers | (24,000) | ||||
| Other general and administrative | (282,000) | (291,000) | (418,000) | ||
| Total expenses | (2,960,000) | (2,699,000) | (3,967,000) | ||
| Other income - interest income | 18,000 | 4,000 | |||
| Other income | 44,000 | ||||
| Total other income | 18,000 | 4,000 | 44,000 | ||
| Income (loss) before income taxes | 1,253,000 | 1,252,000 | 2,676,000 | ||
| Total assets | 8,604,000 | 9,464,000 | 8,308,000 | ||
| Total liabilities | (1,993,000) | (3,356,000) | (2,125,000) | ||
| Net assets | 6,611,000 | 6,108,000 | 6,183,000 | ||
| Corporate Segment [Member] | |||||
| Segment Reporting Information [Line Items] | |||||
| Revenues – excluding interest income | |||||
| Revenues - interest income | |||||
| Total revenues | |||||
| Compensation and benefits | (8,633,000) | (7,550,000) | (8,732,000) | ||
| Commission | |||||
| Advertising and marketing | (608,000) | (2,254,000) | |||
| Lease expense | (1,250,000) | (1,261,000) | (1,398,000) | ||
| Legal and professional fee | (315,000) | (240,000) | (1,637,000) | ||
| Reversal of allowance of expected credit losses on loans to customers | |||||
| Other general and administrative | (57,000) | (86,000) | (61,000) | ||
| Total expenses | (10,863,000) | (11,391,000) | (11,828,000) | ||
| Other income - interest income | |||||
| Other income | |||||
| Total other income | |||||
| Income (loss) before income taxes | $ (10,863,000) | (11,391,000) | (11,828,000) | ||
| Total assets | 5,727,000 | 6,337,000 | 9,315,000 | ||
| Total liabilities | (2,255,000) | (2,346,000) | (2,126,000) | ||
| Net assets | $ 3,472,000 | $ 3,991,000 | $ 7,189,000 | ||