v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF CONSOLIDATED FINANCIAL STATEMENTS

The accompanying consolidated financial statements reflect the activities of the Company and each of the following subsidiaries:

 

Name of Company  Place of
Incorporation		  Attributable
equity
interest %		   Registered/
Issued capital		 
VS MEDIA Holdings Limited  BVI   100   $20 
VSM Holdings Limited  BVI   100   $1,774 
VS MEDIA PTE. LTD.  Singapore   100   $1 
VS Media Co Limited  BVI   100   $1,000 
VS Media Limited  HK SAR   100   $—*
GRACE CREATION LIMITED  HK SAR   100   $—*
VS MEDIA LIMITED  Taiwan   100   $198,288 
MLINK Limited  Macau SAR   100   $64,103 

 

*Less than $1
SCHEDULE OF ESTIMATED USEFUL LIVES OF PLAN AND EQUIPMENT

Leasehold improvements   the lesser of useful life or term of lease
Furniture and fixtures   3-5 years
Equipment   3-5 years
SCHEDULE OF ESTIMATED USEFUL LIVES OF THE INTANGIBLE ASSETS

Intangible assets are carried at cost less accumulated amortization. Amortization is provided over their useful lives, using the straight-line method. The estimated useful lives of the intangible assets are as follows:

 

Software platform   5 years
SCHEDULE OF CAPITAL ACCOUNTS ARE TRANSLATED AT THEIR HISTORICAL EXCHANGE RATES

   2024   2023 
Year-end $: HK$ exchange rate   7.7655    7.8081 
Annual average $: HK$ exchange rate   7.8014    7.8260 
Year-end $: NT$ exchange rate   32.7515    30.5106 
Annual average $: NT$ exchange rate   32.1557    31.0906 
Year-end $: SG$ exchange rate   1.3625    1.3192 
Annual average $: SG$ exchange rate   1.3376    1.3410 
Year-end $: CNY$ exchange rate   N/A    N/A 
Annual average $: CNY$ exchange rate   N/A    N/A 
SCHEDULE OF DISAGGREGATION OF REVENUES

The Company’s main business operations are to provide: (i) campaign-based marketing services; (ii) optimization-based marketing services; (iii) social media platforms marketing services; and (iv) social commerce.

 

 

   2024   2023  
   For the years ended December 31, 
   2024   2023  
Campaign-based marketing services  $4,885,294   $4,401,097  
Optimization-based marketing services   2,458,420    2,723,341  
Social media platforms marketing services   771,266    866,665  
Social commerce   133,128    —  
Total revenues  $8,248,108   $7,991,103