| SCHEDULE OF DISAGGREGATED REVENUE |
The
following table provides information about disaggregated revenue based on revenue by service line and revenue by geographic area:
SCHEDULE OF DISAGGREGATED REVENUE
| | |
2025 | | |
2024 | |
| | |
Three Months Ended June 30, | |
| | |
2025 | | |
2024 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Revenue by service line: | |
| | | |
| | |
| Corporate advisory - non-listing services | |
$ | 316,786 | | |
$ | 342,630 | |
| Corporate advisory - listing services | |
| 78,471 | | |
| - | |
| Provision of a digital platform and trading of digital assets | |
| 17,921 | | |
| - | |
| Rental of real estate properties | |
| 13,914 | | |
| 18,544 | |
| Total revenue | |
$ | 427,092 | | |
$ | 361,174 | |
| | |
2025 | | |
2024 | |
| | |
Three Months Ended June 30, | |
| | |
2025 | | |
2024 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Revenue by geographic area: | |
| | | |
| | |
| Hong Kong | |
$ | 261,764 | | |
$ | 226,439 | |
| Malaysia | |
| 78,291 | | |
| 84,015 | |
| China | |
| 87,037 | | |
| 50,720 | |
| Total revenue | |
$ | 427,092 | | |
$ | 361,174 | |
| | |
2025 | | |
2024 | |
| | |
Six Months Ended June 30, | |
| | |
2025 | | |
2024 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Revenue by service line: | |
| | | |
| | |
| Corporate advisory - non-listing services | |
$ | 577,639 | | |
$ | 830,722 | |
| Corporate advisory - listing services | |
| 128,471 | | |
| 145,700 | |
| Provision of a digital platform and trading of digital assets | |
| 44,177 | | |
| - | |
| Rental of real estate properties | |
| 29,560 | | |
| 43,151 | |
| Total revenue | |
$ | 779,847 | | |
$ | 1,019,573 | |
| | |
2025 | | |
2024 | |
| | |
Six Months Ended June 30, | |
| | |
2025 | | |
2024 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Revenue by geographic area: | |
| | | |
| | |
| Hong Kong | |
$ | 485,383 | | |
$ | 643,711 | |
| Malaysia | |
| 163,356 | | |
| 259,144 | |
| China | |
| 131,108 | | |
| 116,718 | |
| Total revenue | |
$ | 779,847 | | |
$ | 1,019,573 | |
|
| SCHEDULE OF DEFERRED COST OF REVENUE OR DEFERRED REVENUE |
As
of June 30, 2025, and December 31, 2024, deferred cost of revenue or deferred revenue is classified as current assets or current liabilities
and totaled, respectively:
SCHEDULE OF DEFERRED COST OF REVENUE OR DEFERRED REVENUE
| | |
As of
June 30, 2025 | | |
As of
December 31, 2024 | |
| | |
(Unaudited) | | |
(Audited) | |
| Current assets | |
| | | |
| | |
| Deferred cost of revenue | |
$ | 52,847 | | |
$ | 38,382 | |
| | |
| | | |
| | |
| Current liabilities | |
| | | |
| | |
| Deferred revenue | |
$ | 741,746 | | |
$ | 213,000 | |
|
| SCHEDULE OF CHANGES IN DEFERRED REVENUE |
Changes
in deferred revenue during the six months ended June 30, 2025 are as follows:
SCHEDULE OF CHANGES IN DEFERRED REVENUE
| | |
Six Months Ended
June 30, 2025 | |
| | |
(Unaudited) | |
| Deferred revenue, January 1, 2025 | |
$ | 213,000 | |
| New contract liabilities | |
| 657,217 | |
| Performance obligations satisfied | |
| (128,471 | ) |
| Deferred revenue, June 30, 2025 | |
$ | 741,746 | |
|