v3.25.1
SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION

15. SEGMENT INFORMATION

 

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

 

The Company had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

 

By Business Unit:

 

   Investment Holding   Software Solution   Total 
   For the year ended December 31, 2024 
   Investment Holding   Software Solution   Total 
             
Revenue  $-   $24,000   $24,000 
Cost of revenue   -    -    - 
Depreciation and amortization  $-   $-   $- 
Net profit/(loss) before taxation  $(35,445)  $103,964   $68,519 
                
Total assets  $7,654   $618   $8,272 

 

   Investment Holding   Software Solution   Total 
   For the year ended December 31, 2023 
   Investment Holding   Software Solution   Total 
             
Revenue   -   $24,000   $24,000 
Cost of revenue   -    -    - 
Depreciation and amortization   -   $19,709   $19,709 
Net loss before taxation  $(90,563)  $(66,328)  $(156,891)
                
Total assets  $-   $496   $496 

 

By Geography:

  

   US   Malaysia   Total 
   For the year ended December 31, 2024 
   US   Malaysia   Total 
             
Revenue  $-   $24,000   $24,000 
Cost of revenue   -    -    - 
Depreciation and amortization  $-   $-   $- 
Net profit/(loss) before taxation  $(32,978)  $101,497   $68,519 
                
Total assets  $5,421   $2,851   $8,272 

 

   US   Malaysia   Total 
   For the year ended December 31, 2023 
   US   Malaysia   Total 
             
Revenue   -   $24,000   $24,000 
Cost of revenue   -    -    - 
Depreciation and amortization   -   $19,709   $19,709 
Net loss before taxation  $(90,563)  $(66,328)  $(156,891)
                
Total assets  $-   $496   $496 

 

*Revenues and costs are attributed to countries based on the location of customers.