v3.25.1
DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES, NET (Tables)
12 Months Ended
Dec. 31, 2024
Deposits Prepayments And Other Receivables Net  
SCHEDULE OF DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES

Deposits, prepayments and other receivables, net consist of the following:

 

 

   2024   2023 
   As of December 31, 
   2024   2023 
Consideration receivable  $1,625,779   $1,625,779 
Deposits   22,484    18,067 
Prepayments   2,573,047    3,941,488 
Other receivables   125,326    773,010 
Deposits prepayments and other receivables gross   4,346,636    6,358,344 
Less: allowance for expected credit loss   (1,749,619)    
Total  $2,597,017   $6,358,344 
SCHEDULE OF ALLOWANCES FOR EXPECTED CREDIT LOSS

The movement of allowances for expected credit loss is as follow:

 

 

   2024   2023 
   As of December 31, 
   2024   2023 
         
Balance at beginning, January 1  $   $(69,000)
Allowance for expected credit losses   (1,749,619)    
Written-off as uncollectible       69,000 
Balance at end, December 31  $(1,749,619)  $