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10-K true 2024-12-31 --12-31 2024 false 333-194748 Hapi Metaverse Inc. DE 45-4742558 4800 Montgomery Lane Suite 210 Bethesda MD 20814 301 971-3940 No No Yes Yes Non-accelerated Filer true false false false false 0 507610326 0.0001 None Risk Management and StrategyWe recognize the critical importance of developing, implementing, and maintaining robust cybersecurity measures to safeguard our information systems and protect the confidentiality, integrity, and availability of our data. Managing Material Risks & Integrated Overall Risk Management <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_906_ecyd--CybersecurityRiskManagementProcessesIntegratedTextBlock_c20240101__20241231_zyBrENDbb9a8">We have strategically <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_904_ecyd--CybersecurityRiskManagementProcessesIntegratedFlag_dbT_c20240101__20241231_z9QfqQB1KH0l">integrated cybersecurity risk management into our broader risk management framework to promote a company-wide culture of cybersecurity risk management. This integration ensures that cybersecurity considerations are an integral part of our decision-making processes at every level. Our management team continuously evaluates and addresses cybersecurity risks in alignment with our business objectives and operational needs. Risks from Cybersecurity Threats We have <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90B_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_dbF_c20240101__20241231_z4QUviDkY1Ad">not encountered cybersecurity challenges that have materially impaired our operations or financial standing. We have strategically <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_904_ecyd--CybersecurityRiskManagementProcessesIntegratedFlag_dbT_c20240101__20241231_z9QfqQB1KH0l">integrated cybersecurity risk management into our broader risk management framework to promote a company-wide culture of cybersecurity risk management. This integration ensures that cybersecurity considerations are an integral part of our decision-making processes at every level. Our management team continuously evaluates and addresses cybersecurity risks in alignment with our business objectives and operational needs. true false Cybersecurity Governance <div><span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_902_ecyd--CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_c20240101__20241231_zOpk0K0hfCl6">Our Board considers cybersecurity risk as part of its risk oversight function and has oversight of cybersecurity, data privacy and other information technology risks. The Board oversees management’s implementation of our cybersecurity risk management program and cybersecurity risk exposures, and the steps taken by management to monitor and mitigate cybersecurity risks. The Board is composed of directors with diverse expertise, which has prepared them to oversee our cybersecurity risks. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90C_ecyd--CybersecurityRiskProcessForInformingBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_c20240101__20241231_zivl2dN4y9xh">The Board receives periodic reports from management on our cybersecurity risks. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_902_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleReportToBoardFlag_dbT_c20240101__20241231_zN6nadu3aUoc">In addition, management updates the Board, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. The Board also receives briefings from management on our cybersecurity risk management program. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_900_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleTextBlock_c20240101__20241231_zPBoiQPRpS3l">Our management team, including our Chief Executive Officer, are <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_904_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_dbT_c20240101__20241231_zGhBy4MDE0r4">responsible for assessing and managing our material risks from cybersecurity threats. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90E_ecyd--CybersecurityRiskRoleOfManagementTextBlock_c20240101__20241231_zQFxpMuuDG4i">The team has primary responsibility for our overall cybersecurity risk management program and supervises efforts to prevent, detect, mitigate and remediate cybersecurity risks and incidents through various means, which may include briefings from internal security consultants; threat intelligence and other information obtained from governmental, public or private sources, including external consultants which may be engaged by us; and alerts and reports produced by security tools deployed in the information technology environment. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_901_ecyd--CybersecurityRiskManagementExpertiseOfManagementResponsibleTextBlock_c20240101__20241231_zqPpPxpizdA9">Our management team’s experience includes monitoring the cybersecurity landscape for new risks and best practices, developing and executing cybersecurity strategies, overseeing related governance policies, testing compliance with applicable technical standards, remediating known risks and leading employee training programs. </div> Our Board considers cybersecurity risk as part of its risk oversight function and has oversight of cybersecurity, data privacy and other information technology risks. The Board oversees management’s implementation of our cybersecurity risk management program and cybersecurity risk exposures, and the steps taken by management to monitor and mitigate cybersecurity risks. The Board is composed of directors with diverse expertise, which has prepared them to oversee our cybersecurity risks. The Board receives periodic reports from management on our cybersecurity risks. true Our management team, including our Chief Executive Officer, are <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_904_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_dbT_c20240101__20241231_zGhBy4MDE0r4">responsible for assessing and managing our material risks from cybersecurity threats. true The team has primary responsibility for our overall cybersecurity risk management program and supervises efforts to prevent, detect, mitigate and remediate cybersecurity risks and incidents through various means, which may include briefings from internal security consultants; threat intelligence and other information obtained from governmental, public or private sources, including external consultants which may be engaged by us; and alerts and reports produced by security tools deployed in the information technology environment. Our management team’s experience includes monitoring the cybersecurity landscape for new risks and best practices, developing and executing cybersecurity strategies, overseeing related governance policies, testing compliance with applicable technical standards, remediating known risks and leading employee training programs. 606 We have audited the accompanying consolidated balance sheets of Hapi Metaverse Inc. and Subsidiaries, (the Company) as of December 31, 2024, and 2023 and the related consolidated statements of operations and comprehensive loss, changes in stockholders’ deficit, and cash flows for each of the years in the two-year period ended December 31, 2024, and the related notes (collectively referred to as the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and 2023 and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America. GRASSI & CO., CPAs, P.C. Jericho, New York

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Note 1. ORGANIZATION AND PRINCIPAL BUSINESS ACTIVITIES Hapi Metaverse Inc., formerly GigWorld Inc. (the “Company” or “Group”) was incorporated in the State of Delaware on March 7, 2012 and established a fiscal year end of December 31. The Company’s business is focused on serving business-to-business (B2B) needs in e-commerce, collaboration and social networking functions. The Company also started its Food and Beverage (“F&B”) business in 2022 and its travel business in 2023, which was stopped in 2024. Going Concern These financial statements have been prepared using accounting principles generally accepted in the United States of America applicable for a going concern, which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of business. Since inception, the Company has incurred net losses of $17,884,549, has net working capital deficit of $6,912,435, had net cash used in operating activities of $1,383,294 at December 31, 2024, and has incurred recurring net losses in each of the two years ending December 31, 2024 and 2023. Management has evaluated the significance of the conditions in relation to the Company’s ability to meet its obligations and believes that its current cash balance along with its current operations will not provide sufficient capital to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon achieving sales growth, management of operating expenses and ability of the Company to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due, and upon profitable operations. Our majority shareholder has advised us not to depend solely on it for financing. The Company has increased its efforts to raise additional capital through equity or debt financing from other sources. However, the Company cannot be certain that such capital (from its shareholders or third parties) will be available to us or whether such capital will be available on terms that are acceptable to the Company. Any such financing likely would be dilutive to existing stockholders and could result in significant financial operating covenants that would negatively impact our business. If we are unable to raise sufficient additional capital on acceptable terms, we will have insufficient funds to operate our business or pursue our planned growth. In considering our forecast for the next twelve months and the current cash and working capital as of the filing of this Form 10-K, such matters create a substantial doubt regarding the Company’s ability to meet their financial needs and continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

-17884549

6912435

-1383294

Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“U.S. GAAP”). Basis of consolidation The consolidated financial statements include all accounts of the Company and its majority owned and controlled subsidiaries. The Company consolidates entities in which it owns more than 50% of the voting common stock and controls operations. All intercompany transactions and balances among consolidated subsidiaries have been eliminated. <p id="xdx_893_eus-gaap--ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock_z0JcO6LvkNrh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The Company’s consolidated financial statements include the financial position, results of operations and cash flows of the following entities as of December 31, 2024 and 2023, as follows: SCHEDULE FOR SUBSIDIARY’S CONSOLIDATION OF FINANCIAL STATEMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="6" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">Attributable interest as of,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">Name of subsidiary consolidated under Hapi Metaverse Inc.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">State or other jurisdiction of incorporation or organization</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">December 31, 2024</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">December 31, 2023</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: center; padding-bottom: 0pt">%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: center; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: center; padding-bottom: 0pt">%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 30%; padding-bottom: 0pt">HotApp BlockChain Pte. Ltd. </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 32%; padding-bottom: 0pt">Singapore</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt"> </td> <td id="xdx_985_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppBlockChainPteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_zTuiGOIy8p6d" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 13%; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt"> </td> <td id="xdx_988_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppBlockChainPteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_zC6zoLn7Xvcb" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 13%; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">HotApp International Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td id="xdx_986_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppInternationalLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_zek5PCo25CTf" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td id="xdx_984_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppInternationalLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_zk6Yen0DVDEl" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Smart Reward Express Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjE___zI7cfQZOQOi1" title="Variable interest rates">50.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*1</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjE___zteRNWCO8ASd" title="Variable interest rates">50.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*1</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Café Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjI___zUXsNCrS1By9" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*2</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjI___zN98TfAcmgok" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*2</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Group HK Limited (f.k.a. MOC HK Limited)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20241231__us-gaap--GeographicDistributionAxis__country--HK__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_fKjM___zwwPsFTE8ezg" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*3</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20231231__us-gaap--GeographicDistributionAxis__country--HK__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_fKjM___zmi3iHZrS17d" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*3</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Guangdong LeFu Wealth Investment Consulting Co., Ltd. (f.k.a. Shenzhen Leyouyou Catering Management Co., Ltd.)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">People’s Republic of China</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangdongLeFuWealthInvestmentConsultingCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjQ___zeTBu6BHD38l" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*4</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangdongLeFuWealthInvestmentConsultingCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjQ___zAQdATItz3u2" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*4</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Metaverse Inc.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Texas</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiMetaverseIncMember__us-gaap--GeographicDistributionAxis__stpr--TX_fKjU___zBTBOLIkcEe3" title="Variable interest rates">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*5</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90E_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiMetaverseIncMember__us-gaap--GeographicDistributionAxis__stpr--TX_fKjU___zXR7ZCYbPIL2" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*5</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Dongguan Leyouyou Catering Management Co., Ltd.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">People’s Republic of China</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_904_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DongguanLeyouyouCateringManagementCoLimitedMember__us-gaap--GeographicDistributionAxis__country--CN_fKjY___zCVBvHxS5vYe" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*6</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DongguanLeyouyouCateringManagementCoLimitedMember__us-gaap--GeographicDistributionAxis__country--CN_fKjY___zY2ZKVPmwpQk" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*6</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Guangzho Leyouyou Catering Management Co., Ltd.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">People’s Republic of China</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangzhoLeyouyouCateringManagementCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjc___zr6BqTZgFYq2" title="Variable interest rates">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*7</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangzhoLeyouyouCateringManagementCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjc___zXj9auobVRtc" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*7</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Travel Ltd.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90F_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiTravelLtdMember__us-gaap--GeographicDistributionAxis__country--HK_fKjg___zD05nNggPGTk" title="Variable interest rates">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*8</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiTravelLtdMember__us-gaap--GeographicDistributionAxis__country--HK_fKjg___zj1eYGIdcWu3" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*8</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Robot Service Pte. Ltd. (f.k.a. Hapi Acquisition Pte. Ltd.)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Singapore</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_fKjk___zyvvrCeM8dsg" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*9</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_902_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_fKjk___zj3wgxc8M068" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*9</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">NewRetail-AI Inc.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Nevada</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember__us-gaap--GeographicDistributionAxis__stpr--NV_fKjEw_zlKE6shUffVb" title="Ownership interest">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*10</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_902_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember__us-gaap--GeographicDistributionAxis__stpr--NV_fKjEw_zUrpio6CPXll" title="Ownership interest">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*10</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCECFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Cafe Co., Ltd</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Taiwan</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_uPure_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember__us-gaap--GeographicDistributionAxis__country--TW_fKjEx_zoo9T0iEz4q8" title="Ownership interest">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*11</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember__us-gaap--GeographicDistributionAxis__country--TW_zuEXI8NMw5b9" title="Ownership interest">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*1</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Smart Reward Express Limited (“Smart Reward”) was incorporated in Hong Kong on July 13, 2021 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_907_eus-gaap--Capital_iI_pp0p0_c20210713__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember_zpvWSX7zAySf" title="Paid up share capital">1,288 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_903_eus-gaap--SharesIssued_iI_pp0d_c20210713__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember_z91iVJstVr4" title="Ordinary shares issued">10,000 ordinary shares.</td></tr> </table> Smart Reward plans to be principally engaged in the business of developing a platform allowing small and medium sized merchants to set-up their own reward program, with the aim of creating a loyalty exchange program for participating merchants. HotApp International Limited holds 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward. HotApp International Limited is a wholly-owned subsidiary of HotApp BlockChain Pte. Ltd., which is a wholly-owned subsidiary of the Company. The remaining 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward, are held by Value Exchange Int’l (China) Limited, a wholly-owned subsidiary of Value Exchange International, Inc. (“VEII”). The Company owns 48.55% of the total issued and outstanding shares of VEII as of December 31, 2024 and 2023. Accordingly, the Company in total holds more than <span id="xdx_90A_eus-gaap--SaleOfStockPercentageOfOwnershipAfterTransaction_dp_uPure_c20240101__20241231__dei--LegalEntityAxis__custom--SmartRewardExpressLimitedMember_zkhiKTczsuGl" title="Investment, ownership percentage">50% of Smart Reward, and Smart Reward is consolidated in the Company’s financial statements. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*2</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Cafe Limited (“HCHK”) was incorporated in Hong Kong on July 5, 2022 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90B_eus-gaap--Capital_iI_pp2d_c20220705__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember_zUNNdYeru319" title="Paid up share capital">0.26 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_903_eus-gaap--SharesIssued_iI_pp0d_c20220705__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember_zfLLRsArBqb6" title="Ordinary shares issued">2 ordinary shares. HCHK is principally engaged in the food and beverage business in Hong Kong.</td></tr> </table> HotApp BlockChain Pte. Ltd. is the owner of 100% of the issued and outstanding shares of HCHK. This business was acquired on September 5, 2022. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*3</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Group HK Limited (“MOC”) was incorporated in Hong Kong on February 16, 2020 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_902_eus-gaap--Capital_iI_pp2d_c20200216__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_z5AudPmT8wJf" title="Paid up share capital">1.28 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90E_eus-gaap--SharesIssued_iI_pp0d_c20200216__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_zLlzQjSHIWyd" title="Ordinary shares issued">10 ordinary shares. MOC is principally engaged in the food and beverage business in Hong Kong. Hapi Cafe Ltd. is the owner of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_904_eus-gaap--SaleOfStockPercentageOfOwnershipAfterTransaction_pid_dp_c20200215__20200216__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_zpd3ZpgjPfz8" title="Ownership percentage">100% of the issued and outstanding shares of MOC. This business was acquired on October 5, 2022. During the acquisition, a goodwill of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_905_eus-gaap--GoodwillAcquiredDuringPeriod_c20221001__20221005__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_zlv1DDZpta3g" title="Goodwill during acquisition">60,343 had been generated for the Company. The café was closed on September 16, 2024 and the goodwill was impaired during the year ended December 31, 2024. This company changed its name from MOC HK Limited to Hapi Group HK Limited on November 15, 2024.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*4</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Guangdong LeFu Wealth Investment Consulting Co., Ltd. (“HCCN”) was incorporated in People’s Republic of China on October 10, 2022. HCCN is principally engaged in the food and beverage business in Mainland China. On December 6, 2024, this company changed its name from Shenzhen Leyouyou Catering Management Co., Ltd. to Guangdong LeFu Wealth Investment Consulting Co., Ltd.</td></tr> </table> Hapi Cafe Ltd. is the owner HCCN. This business was incorporated on October 10, 2022. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*5</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Metaverse Inc. was a subsidiary incorporated in Texas on November 28, 2022, with the same name as the Company’s current name. This subsidiary had an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_900_eus-gaap--Capital_iI_pp2d_c20221128__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiMetaverseIncMember_zUiYBmwWgEj2" title="Paid up share capital">0.10 comprising 100 ordinary shares. This subsidiary of the Company was dissolved on August 21, 2024 with no accounting impact as it was a dormant company.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*6</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Dongguan Leyouyou Catering Management Co., Ltd. (“HCDG”) was incorporated in People’s Republic of China on March 1, 2023. HCDG plans to be principally engaged in the food and beverage business in Mainland China.</td></tr> </table> HCCN is the owner of HCDG. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_F00_ztjbh81Qv7x" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*7</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Guangzhou Leyouyou Catering Management Co., Ltd. (“HCGZ”) was incorporated in People’s Republic of China on May 19, 2023. HCGZ plans to be principally engaged in the food and beverage business in Mainland China. This company was dissolved on November 26, 2024 with no accounting impact as it was a dormant company.</td></tr> </table> HCCN is the owner of HCGZ. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*8</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Travel Ltd. (“HTL”) was incorporated in Hong Kong on September 27, 2019. HTL is principally engaged in the travel business in Hong Kong. On December 17, 2024, this company was sold to Hapi Travel Holding Pte. Ltd. for a consideration of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_903_ecustom--BusinessConsiderationNoProfitOfDeal_iI_c20241217__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiTravelLtdMember_ziraAJVSfoE3" title="No profit of the deal">82,635 with no profit for the deal.</td></tr> </table> HotApp BlockChain Pte. Ltd. was the owner of HTL. This business was acquired on June 14, 2023 via common control. The acquisition resulted in a deemed dividend of $214,174 for the Company. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*9</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Robot Service Pte. Ltd. (“HAPL”) was incorporated in Singapore on June 30, 2023 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90C_eus-gaap--Capital_iI_pp2d_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember_zH4pT5SptT3k" title="Paid up share capital">2 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_905_eus-gaap--SharesIssued_iI_pp0d_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember_ziHcV72IXH1" title="Ordinary shares issued">2 ordinary shares. On November 13, 2024, this company changed its name from Hapi Acquisition Pte. Ltd. to Hapi Robot Service Pte. Ltd.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*10</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">NewRetail-AI Inc. was incorporated in Nevada on July 31, 2023 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_900_eus-gaap--Capital_iI_pp2d_c20230731__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember_zUD1RUYhXLid" title="Paid up share capital">1,000 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90E_eus-gaap--SharesIssued_iI_pp0d_c20230731__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember_zTMH3bLXQzkf" title="Shares issued">10,000,000 ordinary shares. This company was dissolved on August 21, 2024 with no accounting impact as it was a dormant company.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*11</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td id="xdx_F1C_z8xjlV2l9Ti8" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Café Co., Ltd. (“HCTW”) was incorporated in Republic of China (Taiwan) on October 25, 2022 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_906_eus-gaap--Capital_iI_pp2d_c20221025__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember_zPTrcbx8Ra0f" title="Paid up share capital">2,442 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_906_eus-gaap--SharesIssued_iI_pp0d_c20221025__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember_zSX76UPfRwcg" title="Ordinary shares issued">100,000 ordinary shares. HCTW is engaged in the food and beverage business in Republic of China (Taiwan).</td></tr> </table> HAPL is the owner of HCTW. This business was acquired on April 18, 2024 from an independent third party. Goodwill of $353,616 generated in a business combination represents the purchase price of $3,300 in excess of identifiable tangible and intangible assets. Goodwill and intangible assets that have an indefinite useful life are not amortized. Instead, they are reviewed periodically for impairment. The Company impaired the goodwill of $353,616 as a loss during the year ended December 31, 2024 due to the poor financial situation of HCTW. Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, cost and expenses in the consolidated financial statements and accompanying notes. Significant accounting estimates reflected in the Group’s consolidated financial statements include revenue recognition, the useful lives and impairment of property and equipment, valuation allowance for deferred tax assets, valuation of goodwill, and the fair value estimate for the Company’s equity securities and convertible note receivable with a related party. Cash and cash equivalents The Company considers all highly liquid investments with a maturity of three months or less at the date of acquisition to be cash equivalents. Leases The Company follows FASB ASC Topic 842 in accounting for its operating lease right-of-use assets and operating lease liabilities. At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract is or contains a lease, the Company assess whether the contract involves the use of an identified asset, whether it has the right to obtain substantially all the economic benefits from the use of the asset and whether it has the right to control the use of the asset. The right-of-use assets and related lease liabilities are recognized at the lease commencement date. The Company recognizes operating lease expenses on a straight-line basis over the lease term. The Company has also utilized the following practical expedients: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; padding-bottom: 0pt">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Short-term leases – for leases that are for a period of 12 months or less, the Company will not apply the recognition requirements of ASC 842.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">For leases that contain related non-lease components, such as maintenance, the Company will account for these payments as a single lease component.</td></tr> </table> Right-of-use of assets The right-of-use of asset is measured at cost, which comprises the amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and less any lease incentive received. Lease liabilities Lease liability is measured at the present value of the outstanding lease payments at the commencement date, discounted using the Company incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise mainly fixed lease payments. Foreign currency risk Because of its foreign operations, the Company holds cash in non-US dollars. As of December 31, 2024, cash of the Group includes, on an as converted basis to US dollars, $208,102, $105,674, $44,583 and $31,166, in Hong Kong Dollars (“HK$”), Singapore Dollars (“S$”), Taiwan Dollars (“NT$”) and Chinese Yuan (“CN ¥”) respectively. As of December 31, 2023, cash of the Group includes, on an as converted basis to US dollars, $589,593, $10,704 and $11,327, in Hong Kong Dollars (“HK$”), Singapore Dollars (“S$”), and Chinese Yuan (“CN ¥”), respectively. Investment in Securities at Fair Value – Related Party The Company currently has an investment in Value Exchange International, Inc., a related party, consisting of <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zbzUqgLucUhc" title="Common stock, shares outstanding">21,120,795 shares of common shares and 36,723,160 stock warrants. The Company had elected the fair value option, or “FVO,” and the Company continues to measure at fair value, those of its assets and liabilities it had previously measured at fair value and for which such election is permitted, and the financial instrument is initially measured at its issue-date estimated fair value and then subsequently remeasured at estimated fair value on a recurring basis at each reporting period date. Property and Equipment Property and equipment are recorded at cost, less depreciation. Repairs and maintenance are expensed as incurred. Expenditures incurred as a consequence of acquiring or using the asset, or that increase the value or productive capacity of assets are capitalized (such as removal, and restoration costs). When property and equipment is retired, sold, or otherwise disposed of, the asset’s carrying amount and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations. Depreciation is computed by the straight-line method (after considering their respective estimated residual values) over the estimated useful lives of the respective assets as follows: SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 75%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 50%; text-align: justify; padding-bottom: 0pt">Office Equipment</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 49%; text-align: right; padding-bottom: 0pt"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MinimumMember_zrB2HooRvvu1" title="Estimated useful life">3 - <span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MaximumMember_z5k42BJf4XOk" title="Estimated useful life">7 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Operating Equipment</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OperatingEquipmentMember__srt--RangeAxis__srt--MinimumMember_zgXwSKwz6ack" title="Estimated useful life">3 – <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OperatingEquipmentMember__srt--RangeAxis__srt--MaximumMember_zJY5ujMAznhe" title="Estimated useful life">6 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Leasehold improvement</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_902_eus-gaap--PropertyPlantAndEquipmentUsefulLifeDescriptionOfTermExtensibleEnumeration_iI_dxL_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zkQ0EzCRvM9c" title="::XDX::http%3A%2F%2Ffasb.org%2Fus-gaap%2F2024%23UsefulLifeTermOfLeaseMember">Lesser of the life of the asset or the lease term</td></tr> </table> Concentrations Financial instruments that potentially expose the Group to concentration of credit risk consist primarily of cash. Although the cash at each particular bank in the United States is insured up to $250,000 by Federal Deposit Insurance Corporation (FDIC), the Group is exposed to risk due to its concentration of cash in foreign countries. The Group places its cash with financial institutions with high-credit ratings and quality. Fair value Fair Value of Financial Instruments The carrying value of cash, accounts payable and accrued liabilities, and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments. All other significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the consolidated financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practicable the fair values of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed. Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The authoritative guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability developed based upon the best information available in the circumstances. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company classifies and discloses assets and liabilities carried at fair value in one of the following three categories: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; padding-bottom: 0pt">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Level 1 – quoted prices in active markets for identical assets and liabilities.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Level 2 – observable market-based inputs or unobservable inputs that are corroborated by market data; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Level 3 – significant unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.</td></tr> </table> Revenue recognition Accounting Standards Codification 606, Revenue from Contracts with Customers (“ASC 606”), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services or catering service to customers. Revenue is recognized when (or as) the Company transfers promised goods or services or catering service to its customers in amounts that reflect the consideration to which the Company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers over control of the promised goods or services or catering service to its customers. To determine the appropriate amount of revenue to be recognized for arrangements determined to be within the scope of ASC 606, the Company performs the following five steps: (i) identification of the promised goods or services or catering service in the contract by analyzing customer perspective, immateriality, implicit promises, setup activities, and marketing incentives ; (ii) determination of whether the promised goods or services or catering service are performance obligations including whether they are distinct in the context of the contract by analyze the contract from the perspective of the customer; (iii) measurement of the transaction price, including the constraint on variable consideration by the expected value method and the most likely amount method ; (iv) allocation of the transaction price to the performance obligations based on a relative stand-alone selling price basis, or the price at which the Company would sell the good or service separately to similar customers in similar circumstances ; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. This should only be done once the transaction is complete and your obligation is fulfilled. The Company only applies the five-step model to contracts when it is probable that the entity will collect consideration it is entitled to in exchange for the goods or services or catering service it transfers to the customer. Costs to obtain or fulfill a contract are capitalized and expensed over the life of the contract. The Company began generating revenue from the food and beverage business by providing quality catering services in Hong Kong since October 2022 and in the People’s Republic of China (“PRC”) since January 2023. The Company recognizes this revenue at a point in time, when the Company provides the product to the customer. A project providing services to Value Exchange Int’l (Hong Kong) Limited, a subsidiary of VEII, located in Hong Kong, was conducted on a monthly basis from 2022 to 2023. VEII is a related party of the Company. Upon receipt of purchase order from this customer, we issued the corresponding invoice and provided the service accordingly. Any payment received from this customer in advance was presented within other payables on the Company’s consolidated balance sheets. This service was terminated on June 30, 2023 and $0 of contract liabilities remained as of December 31, 2024. The balance of customer deposits at December 31, 2024 and 2023 was $0, and $2,802 in December 31, 2022. The Company recognized this revenue over the time of the service contracts with VEII on a monthly basis, as the Company provided the services to VEII in accordance with the contract. In June 2023, the Company acquired a travel business and began generating revenue by providing airfare and travel accommodation booking services in Hong Kong. The Company recognizes this revenue at a point in time when the Company provides the service to the customer. Income taxes Current income taxes are provided for in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Net operating loss carry forwards and credits are applied using enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that a portion of or all of the deferred tax assets will not be realized. The components of the deferred tax assets and liabilities are individually classified as non-current in accordance with ASC 740. The Company has recorded a full valuation allowance against all deferred tax assets and liabilities as of December 31, 2024 and 2023. The impact of an uncertain income tax position on the income tax return is recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Interest and penalties on income taxes will be classified as a component of the provisions for income taxes. The Group did not recognize any income tax due to uncertain tax position or incur any interest and penalties related to potential underpaid income tax expenses for the years ended December 31, 2024 or 2023, respectively. Foreign currency translation Items included in the consolidated financial statements of each entity in the Group are measured using the currency of the primary economic environment in which the entity operates (“functional currency”). The functional and reporting currency of the Company is the United States dollar (“U.S. dollar”). The financial records of the Company’s subsidiaries located in Singapore, Hong Kong, Mainland China and Taiwan are maintained in their local currencies, the Singapore Dollar (S$), Hong Kong Dollar (HK$), Chinese Yuan (CN ¥) and New Taiwan Dollar (NT$), which are also the functional currencies of these entities. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange ruling at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the consolidated statements of operations. The Company’s entities with functional currency of Singapore Dollar, Hong Kong Dollar, Chinese Yuan and New Taiwan Dollar, translate their operating results and financial positions into the U.S. dollar, the Company’s reporting currency. Assets and liabilities are translated using the exchange rates in effect on the balance sheet date. Revenues, expenses, gains and losses are translated using the average rate for the year. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of comprehensive income (loss). For the year ended December 31, 2024, the Company recorded foreign currency translation adjustment of ($181,371) in the consolidated financial statements. For the year ended December 31, 2023, the Company recorded foreign currency translation adjustment of ($50,107) in the consolidated financial statements. Comprehensive income (loss) Comprehensive income (loss) includes gains (losses) from foreign currency translation adjustments. Comprehensive income (loss) is reported in the consolidated statements of operations and comprehensive loss. Earnings (Loss) per share Basic earnings (loss) per share is computed by dividing net income (loss) attributable to stockholders by the weighted average number of shares outstanding during the year. The calculation of diluted net income per unit includes the effects of the assumed conversion of the Company’s outstanding convertible debt, except during the loss periods as the effect would be anti-dilutive. Non-controlling interests Non-controlling interests represent the equity in a subsidiary not attributable, directly or indirectly, to owners of the Company, and are presented separately in the consolidated statements of operation and comprehensive income, and within equity in the Consolidated Balance Sheets, separately from equity attributable to owners of the Company. On December 31, 2024 and 2023, the aggregate non-controlling interests in the Company were ($4,303) and ($3,449), respectively. Recent accounting pronouncements Recently adopted accounting pronouncements Segment reporting On November 27, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-07, Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 amends ASC 280, Segment Reporting (“ASC 280”) to expand segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the Company’s chief operating decision maker (“CODM”), the amount and description of other segment items, the title and position of the CODM, and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. ASU 2023-07 further permits disclosure of more than one measure of segment profit or loss and extends the full disclosure requirements of ASC 280 to companies with single reportable segments. The Company adopted ASU 2023-07 on December 31, 2024 on a retrospective basis. See —Segment reporting below for additional information. Accounting pronouncements pending adoption On November 4, 2024, the FASB issued ASU No. 2024-03, Expense Disaggregation Disclosures (“ASU 2024-03”). ASU 2024-03 amends ASC 220, Comprehensive Income to expand income statement expense disclosures and require disclosure in the notes to the financial statements of specified information about certain costs and expenses. ASU 2024-03 is required to be adopted for fiscal years commencing after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impact of adopting the standard on the Consolidated Financial Statements. Segment reporting The Company reports its segment information to reflect the manner in which the CODM reviews and assesses performance. The Company’s Chief Executive Officer responsibility as the CODM and review and assess the performance of the Company as a whole. The primary financial measures used by the CODM to evaluate performance and allocate resources are net income (loss) and operating income (loss). The CODM uses net income (loss) and operating income (loss) to evaluate the performance of the Company’s ongoing operations and as part of the Company’s internal planning and forecasting processes. Information on Net income (loss) and Operating income (loss) is disclosed in the Consolidated Statements of Operations. Segment expenses and other segment items are provided to the CODM on the same basis as disclosed in the Consolidated Statements of Operations. The CODM does not evaluate performance or allocate resources based on segment assets, and therefore such information is not presented in the notes to the financial statements.

Basis of presentation The consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Basis of consolidation The consolidated financial statements include all accounts of the Company and its majority owned and controlled subsidiaries. The Company consolidates entities in which it owns more than 50% of the voting common stock and controls operations. All intercompany transactions and balances among consolidated subsidiaries have been eliminated. <p id="xdx_893_eus-gaap--ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock_z0JcO6LvkNrh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The Company’s consolidated financial statements include the financial position, results of operations and cash flows of the following entities as of December 31, 2024 and 2023, as follows: SCHEDULE FOR SUBSIDIARY’S CONSOLIDATION OF FINANCIAL STATEMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="6" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">Attributable interest as of,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">Name of subsidiary consolidated under Hapi Metaverse Inc.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">State or other jurisdiction of incorporation or organization</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">December 31, 2024</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">December 31, 2023</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: center; padding-bottom: 0pt">%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: center; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: center; padding-bottom: 0pt">%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 30%; padding-bottom: 0pt">HotApp BlockChain Pte. Ltd. </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 32%; padding-bottom: 0pt">Singapore</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt"> </td> <td id="xdx_985_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppBlockChainPteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_zTuiGOIy8p6d" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 13%; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt"> </td> <td id="xdx_988_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppBlockChainPteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_zC6zoLn7Xvcb" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 13%; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">HotApp International Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td id="xdx_986_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppInternationalLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_zek5PCo25CTf" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td id="xdx_984_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppInternationalLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_zk6Yen0DVDEl" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Smart Reward Express Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjE___zI7cfQZOQOi1" title="Variable interest rates">50.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*1</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjE___zteRNWCO8ASd" title="Variable interest rates">50.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*1</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Café Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjI___zUXsNCrS1By9" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*2</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjI___zN98TfAcmgok" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*2</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Group HK Limited (f.k.a. MOC HK Limited)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20241231__us-gaap--GeographicDistributionAxis__country--HK__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_fKjM___zwwPsFTE8ezg" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*3</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20231231__us-gaap--GeographicDistributionAxis__country--HK__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_fKjM___zmi3iHZrS17d" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*3</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Guangdong LeFu Wealth Investment Consulting Co., Ltd. (f.k.a. Shenzhen Leyouyou Catering Management Co., Ltd.)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">People’s Republic of China</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangdongLeFuWealthInvestmentConsultingCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjQ___zeTBu6BHD38l" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*4</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangdongLeFuWealthInvestmentConsultingCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjQ___zAQdATItz3u2" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*4</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Metaverse Inc.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Texas</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiMetaverseIncMember__us-gaap--GeographicDistributionAxis__stpr--TX_fKjU___zBTBOLIkcEe3" title="Variable interest rates">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*5</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90E_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiMetaverseIncMember__us-gaap--GeographicDistributionAxis__stpr--TX_fKjU___zXR7ZCYbPIL2" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*5</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Dongguan Leyouyou Catering Management Co., Ltd.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">People’s Republic of China</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_904_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DongguanLeyouyouCateringManagementCoLimitedMember__us-gaap--GeographicDistributionAxis__country--CN_fKjY___zCVBvHxS5vYe" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*6</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DongguanLeyouyouCateringManagementCoLimitedMember__us-gaap--GeographicDistributionAxis__country--CN_fKjY___zY2ZKVPmwpQk" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*6</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Guangzho Leyouyou Catering Management Co., Ltd.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">People’s Republic of China</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangzhoLeyouyouCateringManagementCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjc___zr6BqTZgFYq2" title="Variable interest rates">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*7</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangzhoLeyouyouCateringManagementCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjc___zXj9auobVRtc" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*7</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Travel Ltd.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90F_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiTravelLtdMember__us-gaap--GeographicDistributionAxis__country--HK_fKjg___zD05nNggPGTk" title="Variable interest rates">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*8</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiTravelLtdMember__us-gaap--GeographicDistributionAxis__country--HK_fKjg___zj1eYGIdcWu3" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*8</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Robot Service Pte. Ltd. (f.k.a. Hapi Acquisition Pte. Ltd.)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Singapore</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_fKjk___zyvvrCeM8dsg" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*9</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_902_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_fKjk___zj3wgxc8M068" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*9</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">NewRetail-AI Inc.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Nevada</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember__us-gaap--GeographicDistributionAxis__stpr--NV_fKjEw_zlKE6shUffVb" title="Ownership interest">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*10</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_902_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember__us-gaap--GeographicDistributionAxis__stpr--NV_fKjEw_zUrpio6CPXll" title="Ownership interest">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*10</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCECFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Cafe Co., Ltd</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Taiwan</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_uPure_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember__us-gaap--GeographicDistributionAxis__country--TW_fKjEx_zoo9T0iEz4q8" title="Ownership interest">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*11</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember__us-gaap--GeographicDistributionAxis__country--TW_zuEXI8NMw5b9" title="Ownership interest">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*1</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Smart Reward Express Limited (“Smart Reward”) was incorporated in Hong Kong on July 13, 2021 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_907_eus-gaap--Capital_iI_pp0p0_c20210713__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember_zpvWSX7zAySf" title="Paid up share capital">1,288 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_903_eus-gaap--SharesIssued_iI_pp0d_c20210713__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember_z91iVJstVr4" title="Ordinary shares issued">10,000 ordinary shares.</td></tr> </table> Smart Reward plans to be principally engaged in the business of developing a platform allowing small and medium sized merchants to set-up their own reward program, with the aim of creating a loyalty exchange program for participating merchants. HotApp International Limited holds 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward. HotApp International Limited is a wholly-owned subsidiary of HotApp BlockChain Pte. Ltd., which is a wholly-owned subsidiary of the Company. The remaining 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward, are held by Value Exchange Int’l (China) Limited, a wholly-owned subsidiary of Value Exchange International, Inc. (“VEII”). The Company owns 48.55% of the total issued and outstanding shares of VEII as of December 31, 2024 and 2023. Accordingly, the Company in total holds more than <span id="xdx_90A_eus-gaap--SaleOfStockPercentageOfOwnershipAfterTransaction_dp_uPure_c20240101__20241231__dei--LegalEntityAxis__custom--SmartRewardExpressLimitedMember_zkhiKTczsuGl" title="Investment, ownership percentage">50% of Smart Reward, and Smart Reward is consolidated in the Company’s financial statements. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*2</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Cafe Limited (“HCHK”) was incorporated in Hong Kong on July 5, 2022 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90B_eus-gaap--Capital_iI_pp2d_c20220705__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember_zUNNdYeru319" title="Paid up share capital">0.26 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_903_eus-gaap--SharesIssued_iI_pp0d_c20220705__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember_zfLLRsArBqb6" title="Ordinary shares issued">2 ordinary shares. HCHK is principally engaged in the food and beverage business in Hong Kong.</td></tr> </table> HotApp BlockChain Pte. Ltd. is the owner of 100% of the issued and outstanding shares of HCHK. This business was acquired on September 5, 2022. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*3</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Group HK Limited (“MOC”) was incorporated in Hong Kong on February 16, 2020 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_902_eus-gaap--Capital_iI_pp2d_c20200216__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_z5AudPmT8wJf" title="Paid up share capital">1.28 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90E_eus-gaap--SharesIssued_iI_pp0d_c20200216__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_zLlzQjSHIWyd" title="Ordinary shares issued">10 ordinary shares. MOC is principally engaged in the food and beverage business in Hong Kong. Hapi Cafe Ltd. is the owner of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_904_eus-gaap--SaleOfStockPercentageOfOwnershipAfterTransaction_pid_dp_c20200215__20200216__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_zpd3ZpgjPfz8" title="Ownership percentage">100% of the issued and outstanding shares of MOC. This business was acquired on October 5, 2022. During the acquisition, a goodwill of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_905_eus-gaap--GoodwillAcquiredDuringPeriod_c20221001__20221005__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_zlv1DDZpta3g" title="Goodwill during acquisition">60,343 had been generated for the Company. The café was closed on September 16, 2024 and the goodwill was impaired during the year ended December 31, 2024. This company changed its name from MOC HK Limited to Hapi Group HK Limited on November 15, 2024.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*4</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Guangdong LeFu Wealth Investment Consulting Co., Ltd. (“HCCN”) was incorporated in People’s Republic of China on October 10, 2022. HCCN is principally engaged in the food and beverage business in Mainland China. On December 6, 2024, this company changed its name from Shenzhen Leyouyou Catering Management Co., Ltd. to Guangdong LeFu Wealth Investment Consulting Co., Ltd.</td></tr> </table> Hapi Cafe Ltd. is the owner HCCN. This business was incorporated on October 10, 2022. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*5</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Metaverse Inc. was a subsidiary incorporated in Texas on November 28, 2022, with the same name as the Company’s current name. This subsidiary had an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_900_eus-gaap--Capital_iI_pp2d_c20221128__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiMetaverseIncMember_zUiYBmwWgEj2" title="Paid up share capital">0.10 comprising 100 ordinary shares. This subsidiary of the Company was dissolved on August 21, 2024 with no accounting impact as it was a dormant company.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*6</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Dongguan Leyouyou Catering Management Co., Ltd. (“HCDG”) was incorporated in People’s Republic of China on March 1, 2023. HCDG plans to be principally engaged in the food and beverage business in Mainland China.</td></tr> </table> HCCN is the owner of HCDG. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_F00_ztjbh81Qv7x" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*7</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Guangzhou Leyouyou Catering Management Co., Ltd. (“HCGZ”) was incorporated in People’s Republic of China on May 19, 2023. HCGZ plans to be principally engaged in the food and beverage business in Mainland China. This company was dissolved on November 26, 2024 with no accounting impact as it was a dormant company.</td></tr> </table> HCCN is the owner of HCGZ. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*8</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Travel Ltd. (“HTL”) was incorporated in Hong Kong on September 27, 2019. HTL is principally engaged in the travel business in Hong Kong. On December 17, 2024, this company was sold to Hapi Travel Holding Pte. Ltd. for a consideration of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_903_ecustom--BusinessConsiderationNoProfitOfDeal_iI_c20241217__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiTravelLtdMember_ziraAJVSfoE3" title="No profit of the deal">82,635 with no profit for the deal.</td></tr> </table> HotApp BlockChain Pte. Ltd. was the owner of HTL. This business was acquired on June 14, 2023 via common control. The acquisition resulted in a deemed dividend of $214,174 for the Company. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*9</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Robot Service Pte. Ltd. (“HAPL”) was incorporated in Singapore on June 30, 2023 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90C_eus-gaap--Capital_iI_pp2d_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember_zH4pT5SptT3k" title="Paid up share capital">2 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_905_eus-gaap--SharesIssued_iI_pp0d_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember_ziHcV72IXH1" title="Ordinary shares issued">2 ordinary shares. On November 13, 2024, this company changed its name from Hapi Acquisition Pte. Ltd. to Hapi Robot Service Pte. Ltd.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*10</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">NewRetail-AI Inc. was incorporated in Nevada on July 31, 2023 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_900_eus-gaap--Capital_iI_pp2d_c20230731__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember_zUD1RUYhXLid" title="Paid up share capital">1,000 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90E_eus-gaap--SharesIssued_iI_pp0d_c20230731__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember_zTMH3bLXQzkf" title="Shares issued">10,000,000 ordinary shares. This company was dissolved on August 21, 2024 with no accounting impact as it was a dormant company.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*11</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td id="xdx_F1C_z8xjlV2l9Ti8" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Café Co., Ltd. (“HCTW”) was incorporated in Republic of China (Taiwan) on October 25, 2022 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_906_eus-gaap--Capital_iI_pp2d_c20221025__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember_zPTrcbx8Ra0f" title="Paid up share capital">2,442 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_906_eus-gaap--SharesIssued_iI_pp0d_c20221025__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember_zSX76UPfRwcg" title="Ordinary shares issued">100,000 ordinary shares. HCTW is engaged in the food and beverage business in Republic of China (Taiwan).</td></tr> </table> HAPL is the owner of HCTW. This business was acquired on April 18, 2024 from an independent third party. Goodwill of $353,616 generated in a business combination represents the purchase price of $3,300 in excess of identifiable tangible and intangible assets. Goodwill and intangible assets that have an indefinite useful life are not amortized. Instead, they are reviewed periodically for impairment. The Company impaired the goodwill of $353,616 as a loss during the year ended December 31, 2024 due to the poor financial situation of HCTW.

<p id="xdx_893_eus-gaap--ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock_z0JcO6LvkNrh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The Company’s consolidated financial statements include the financial position, results of operations and cash flows of the following entities as of December 31, 2024 and 2023, as follows: SCHEDULE FOR SUBSIDIARY’S CONSOLIDATION OF FINANCIAL STATEMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="6" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">Attributable interest as of,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">Name of subsidiary consolidated under Hapi Metaverse Inc.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">State or other jurisdiction of incorporation or organization</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">December 31, 2024</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">December 31, 2023</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: center; padding-bottom: 0pt">%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: center; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: center; padding-bottom: 0pt">%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 30%; padding-bottom: 0pt">HotApp BlockChain Pte. Ltd. </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 32%; padding-bottom: 0pt">Singapore</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt"> </td> <td id="xdx_985_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppBlockChainPteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_zTuiGOIy8p6d" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 13%; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt"> </td> <td id="xdx_988_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppBlockChainPteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_zC6zoLn7Xvcb" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 13%; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">HotApp International Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td id="xdx_986_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppInternationalLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_zek5PCo25CTf" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td id="xdx_984_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HotAppInternationalLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_zk6Yen0DVDEl" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Smart Reward Express Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjE___zI7cfQZOQOi1" title="Variable interest rates">50.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*1</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjE___zteRNWCO8ASd" title="Variable interest rates">50.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*1</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Café Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjI___zUXsNCrS1By9" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*2</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember__us-gaap--GeographicDistributionAxis__country--HK_fKjI___zN98TfAcmgok" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*2</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Group HK Limited (f.k.a. MOC HK Limited)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20241231__us-gaap--GeographicDistributionAxis__country--HK__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_fKjM___zwwPsFTE8ezg" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*3</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20231231__us-gaap--GeographicDistributionAxis__country--HK__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_fKjM___zmi3iHZrS17d" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*3</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Guangdong LeFu Wealth Investment Consulting Co., Ltd. (f.k.a. Shenzhen Leyouyou Catering Management Co., Ltd.)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">People’s Republic of China</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangdongLeFuWealthInvestmentConsultingCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjQ___zeTBu6BHD38l" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*4</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangdongLeFuWealthInvestmentConsultingCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjQ___zAQdATItz3u2" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*4</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Metaverse Inc.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Texas</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiMetaverseIncMember__us-gaap--GeographicDistributionAxis__stpr--TX_fKjU___zBTBOLIkcEe3" title="Variable interest rates">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*5</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90E_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiMetaverseIncMember__us-gaap--GeographicDistributionAxis__stpr--TX_fKjU___zXR7ZCYbPIL2" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*5</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Dongguan Leyouyou Catering Management Co., Ltd.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">People’s Republic of China</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_904_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DongguanLeyouyouCateringManagementCoLimitedMember__us-gaap--GeographicDistributionAxis__country--CN_fKjY___zCVBvHxS5vYe" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*6</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DongguanLeyouyouCateringManagementCoLimitedMember__us-gaap--GeographicDistributionAxis__country--CN_fKjY___zY2ZKVPmwpQk" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*6</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Guangzho Leyouyou Catering Management Co., Ltd.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">People’s Republic of China</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangzhoLeyouyouCateringManagementCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjc___zr6BqTZgFYq2" title="Variable interest rates">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*7</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--GuangzhoLeyouyouCateringManagementCoLtdMember__us-gaap--GeographicDistributionAxis__country--CN_fKjc___zXj9auobVRtc" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*7</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Travel Ltd.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hong Kong</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90F_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiTravelLtdMember__us-gaap--GeographicDistributionAxis__country--HK_fKjg___zD05nNggPGTk" title="Variable interest rates">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*8</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiTravelLtdMember__us-gaap--GeographicDistributionAxis__country--HK_fKjg___zj1eYGIdcWu3" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*8</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Robot Service Pte. Ltd. (f.k.a. Hapi Acquisition Pte. Ltd.)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Singapore</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_fKjk___zyvvrCeM8dsg" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*9</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_902_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember__us-gaap--GeographicDistributionAxis__country--SG_fKjk___zj3wgxc8M068" title="Variable interest rates">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*9</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">NewRetail-AI Inc.</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Nevada</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember__us-gaap--GeographicDistributionAxis__stpr--NV_fKjEw_zlKE6shUffVb" title="Ownership interest">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*10</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_902_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember__us-gaap--GeographicDistributionAxis__stpr--NV_fKjEw_zUrpio6CPXll" title="Ownership interest">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*10</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCECFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Hapi Cafe Co., Ltd</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Taiwan</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_uPure_c20241231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember__us-gaap--GeographicDistributionAxis__country--TW_fKjEx_zoo9T0iEz4q8" title="Ownership interest">100.0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">*11</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_uPure_c20231231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember__us-gaap--GeographicDistributionAxis__country--TW_zuEXI8NMw5b9" title="Ownership interest">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*1</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Smart Reward Express Limited (“Smart Reward”) was incorporated in Hong Kong on July 13, 2021 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_907_eus-gaap--Capital_iI_pp0p0_c20210713__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember_zpvWSX7zAySf" title="Paid up share capital">1,288 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_903_eus-gaap--SharesIssued_iI_pp0d_c20210713__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SmartRewardExpressLimitedMember_z91iVJstVr4" title="Ordinary shares issued">10,000 ordinary shares.</td></tr> </table> Smart Reward plans to be principally engaged in the business of developing a platform allowing small and medium sized merchants to set-up their own reward program, with the aim of creating a loyalty exchange program for participating merchants. HotApp International Limited holds 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward. HotApp International Limited is a wholly-owned subsidiary of HotApp BlockChain Pte. Ltd., which is a wholly-owned subsidiary of the Company. The remaining 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward, are held by Value Exchange Int’l (China) Limited, a wholly-owned subsidiary of Value Exchange International, Inc. (“VEII”). The Company owns 48.55% of the total issued and outstanding shares of VEII as of December 31, 2024 and 2023. Accordingly, the Company in total holds more than <span id="xdx_90A_eus-gaap--SaleOfStockPercentageOfOwnershipAfterTransaction_dp_uPure_c20240101__20241231__dei--LegalEntityAxis__custom--SmartRewardExpressLimitedMember_zkhiKTczsuGl" title="Investment, ownership percentage">50% of Smart Reward, and Smart Reward is consolidated in the Company’s financial statements. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*2</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Cafe Limited (“HCHK”) was incorporated in Hong Kong on July 5, 2022 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90B_eus-gaap--Capital_iI_pp2d_c20220705__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember_zUNNdYeru319" title="Paid up share capital">0.26 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_903_eus-gaap--SharesIssued_iI_pp0d_c20220705__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeLimitedMember_zfLLRsArBqb6" title="Ordinary shares issued">2 ordinary shares. HCHK is principally engaged in the food and beverage business in Hong Kong.</td></tr> </table> HotApp BlockChain Pte. Ltd. is the owner of 100% of the issued and outstanding shares of HCHK. This business was acquired on September 5, 2022. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*3</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Group HK Limited (“MOC”) was incorporated in Hong Kong on February 16, 2020 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_902_eus-gaap--Capital_iI_pp2d_c20200216__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_z5AudPmT8wJf" title="Paid up share capital">1.28 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90E_eus-gaap--SharesIssued_iI_pp0d_c20200216__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_zLlzQjSHIWyd" title="Ordinary shares issued">10 ordinary shares. MOC is principally engaged in the food and beverage business in Hong Kong. Hapi Cafe Ltd. is the owner of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_904_eus-gaap--SaleOfStockPercentageOfOwnershipAfterTransaction_pid_dp_c20200215__20200216__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_zpd3ZpgjPfz8" title="Ownership percentage">100% of the issued and outstanding shares of MOC. This business was acquired on October 5, 2022. During the acquisition, a goodwill of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_905_eus-gaap--GoodwillAcquiredDuringPeriod_c20221001__20221005__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiGroupHKLimitedMember_zlv1DDZpta3g" title="Goodwill during acquisition">60,343 had been generated for the Company. The café was closed on September 16, 2024 and the goodwill was impaired during the year ended December 31, 2024. This company changed its name from MOC HK Limited to Hapi Group HK Limited on November 15, 2024.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*4</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Guangdong LeFu Wealth Investment Consulting Co., Ltd. (“HCCN”) was incorporated in People’s Republic of China on October 10, 2022. HCCN is principally engaged in the food and beverage business in Mainland China. On December 6, 2024, this company changed its name from Shenzhen Leyouyou Catering Management Co., Ltd. to Guangdong LeFu Wealth Investment Consulting Co., Ltd.</td></tr> </table> Hapi Cafe Ltd. is the owner HCCN. This business was incorporated on October 10, 2022. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*5</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Metaverse Inc. was a subsidiary incorporated in Texas on November 28, 2022, with the same name as the Company’s current name. This subsidiary had an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_900_eus-gaap--Capital_iI_pp2d_c20221128__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiMetaverseIncMember_zUiYBmwWgEj2" title="Paid up share capital">0.10 comprising 100 ordinary shares. This subsidiary of the Company was dissolved on August 21, 2024 with no accounting impact as it was a dormant company.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*6</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Dongguan Leyouyou Catering Management Co., Ltd. (“HCDG”) was incorporated in People’s Republic of China on March 1, 2023. HCDG plans to be principally engaged in the food and beverage business in Mainland China.</td></tr> </table> HCCN is the owner of HCDG. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_F00_ztjbh81Qv7x" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*7</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Guangzhou Leyouyou Catering Management Co., Ltd. (“HCGZ”) was incorporated in People’s Republic of China on May 19, 2023. HCGZ plans to be principally engaged in the food and beverage business in Mainland China. This company was dissolved on November 26, 2024 with no accounting impact as it was a dormant company.</td></tr> </table> HCCN is the owner of HCGZ. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*8</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Travel Ltd. (“HTL”) was incorporated in Hong Kong on September 27, 2019. HTL is principally engaged in the travel business in Hong Kong. On December 17, 2024, this company was sold to Hapi Travel Holding Pte. Ltd. for a consideration of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_903_ecustom--BusinessConsiderationNoProfitOfDeal_iI_c20241217__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiTravelLtdMember_ziraAJVSfoE3" title="No profit of the deal">82,635 with no profit for the deal.</td></tr> </table> HotApp BlockChain Pte. Ltd. was the owner of HTL. This business was acquired on June 14, 2023 via common control. The acquisition resulted in a deemed dividend of $214,174 for the Company. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*9</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Robot Service Pte. Ltd. (“HAPL”) was incorporated in Singapore on June 30, 2023 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90C_eus-gaap--Capital_iI_pp2d_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember_zH4pT5SptT3k" title="Paid up share capital">2 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_905_eus-gaap--SharesIssued_iI_pp0d_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiRobotServicePteLtdMember_ziHcV72IXH1" title="Ordinary shares issued">2 ordinary shares. On November 13, 2024, this company changed its name from Hapi Acquisition Pte. Ltd. to Hapi Robot Service Pte. Ltd.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*10</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">NewRetail-AI Inc. was incorporated in Nevada on July 31, 2023 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_900_eus-gaap--Capital_iI_pp2d_c20230731__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember_zUD1RUYhXLid" title="Paid up share capital">1,000 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_90E_eus-gaap--SharesIssued_iI_pp0d_c20230731__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--NewRetailAIIncMember_zTMH3bLXQzkf" title="Shares issued">10,000,000 ordinary shares. This company was dissolved on August 21, 2024 with no accounting impact as it was a dormant company.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">*11</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 10px; padding-bottom: 0pt"> </td> <td id="xdx_F1C_z8xjlV2l9Ti8" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Hapi Café Co., Ltd. (“HCTW”) was incorporated in Republic of China (Taiwan) on October 25, 2022 with an issued and paid-up share capital of $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_906_eus-gaap--Capital_iI_pp2d_c20221025__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember_zPTrcbx8Ra0f" title="Paid up share capital">2,442 comprising <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIEZPUiBTVUJTSURJQVJZklMgQ09OU09MSURBVElPTiBPRiBGSU5BTkNJQUwgU1RBVEVNRU5UUyAoRGV0YWlscykgKFBhcmVudGhldGhpY2FsKQA_" id="xdx_906_eus-gaap--SharesIssued_iI_pp0d_c20221025__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HapiCafeCoLtdMember_zSX76UPfRwcg" title="Ordinary shares issued">100,000 ordinary shares. HCTW is engaged in the food and beverage business in Republic of China (Taiwan).</td></tr> </table>

1.000

0.500

1.000

1288

10000

5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward. 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward

0.4855

0.50

0.26

1.28

60343

0.10

82635

214174

1000

10000000

2442

100000

353616

3300

353616

Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, cost and expenses in the consolidated financial statements and accompanying notes. Significant accounting estimates reflected in the Group’s consolidated financial statements include revenue recognition, the useful lives and impairment of property and equipment, valuation allowance for deferred tax assets, valuation of goodwill, and the fair value estimate for the Company’s equity securities and convertible note receivable with a related party.

Cash and cash equivalents The Company considers all highly liquid investments with a maturity of three months or less at the date of acquisition to be cash equivalents.

Leases The Company follows FASB ASC Topic 842 in accounting for its operating lease right-of-use assets and operating lease liabilities. At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract is or contains a lease, the Company assess whether the contract involves the use of an identified asset, whether it has the right to obtain substantially all the economic benefits from the use of the asset and whether it has the right to control the use of the asset. The right-of-use assets and related lease liabilities are recognized at the lease commencement date. The Company recognizes operating lease expenses on a straight-line basis over the lease term. The Company has also utilized the following practical expedients: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; padding-bottom: 0pt">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Short-term leases – for leases that are for a period of 12 months or less, the Company will not apply the recognition requirements of ASC 842.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">For leases that contain related non-lease components, such as maintenance, the Company will account for these payments as a single lease component.</td></tr> </table> Right-of-use of assets The right-of-use of asset is measured at cost, which comprises the amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and less any lease incentive received. Lease liabilities Lease liability is measured at the present value of the outstanding lease payments at the commencement date, discounted using the Company incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise mainly fixed lease payments.

Foreign currency risk Because of its foreign operations, the Company holds cash in non-US dollars. As of December 31, 2024, cash of the Group includes, on an as converted basis to US dollars, $208,102, $105,674, $44,583 and $31,166, in Hong Kong Dollars (“HK$”), Singapore Dollars (“S$”), Taiwan Dollars (“NT$”) and Chinese Yuan (“CN ¥”) respectively. As of December 31, 2023, cash of the Group includes, on an as converted basis to US dollars, $589,593, $10,704 and $11,327, in Hong Kong Dollars (“HK$”), Singapore Dollars (“S$”), and Chinese Yuan (“CN ¥”), respectively.

208102

105674

44583

31166

589593

10704

11327

Investment in Securities at Fair Value – Related Party The Company currently has an investment in Value Exchange International, Inc., a related party, consisting of <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zbzUqgLucUhc" title="Common stock, shares outstanding">21,120,795 shares of common shares and 36,723,160 stock warrants. The Company had elected the fair value option, or “FVO,” and the Company continues to measure at fair value, those of its assets and liabilities it had previously measured at fair value and for which such election is permitted, and the financial instrument is initially measured at its issue-date estimated fair value and then subsequently remeasured at estimated fair value on a recurring basis at each reporting period date.

21120795

36723160

Property and Equipment Property and equipment are recorded at cost, less depreciation. Repairs and maintenance are expensed as incurred. Expenditures incurred as a consequence of acquiring or using the asset, or that increase the value or productive capacity of assets are capitalized (such as removal, and restoration costs). When property and equipment is retired, sold, or otherwise disposed of, the asset’s carrying amount and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations. Depreciation is computed by the straight-line method (after considering their respective estimated residual values) over the estimated useful lives of the respective assets as follows: SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 75%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 50%; text-align: justify; padding-bottom: 0pt">Office Equipment</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 49%; text-align: right; padding-bottom: 0pt"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MinimumMember_zrB2HooRvvu1" title="Estimated useful life">3 - <span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MaximumMember_z5k42BJf4XOk" title="Estimated useful life">7 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Operating Equipment</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OperatingEquipmentMember__srt--RangeAxis__srt--MinimumMember_zgXwSKwz6ack" title="Estimated useful life">3 – <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OperatingEquipmentMember__srt--RangeAxis__srt--MaximumMember_zJY5ujMAznhe" title="Estimated useful life">6 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Leasehold improvement</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_902_eus-gaap--PropertyPlantAndEquipmentUsefulLifeDescriptionOfTermExtensibleEnumeration_iI_dxL_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zkQ0EzCRvM9c" title="::XDX::http%3A%2F%2Ffasb.org%2Fus-gaap%2F2024%23UsefulLifeTermOfLeaseMember">Lesser of the life of the asset or the lease term</td></tr> </table>

SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 75%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 50%; text-align: justify; padding-bottom: 0pt">Office Equipment</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 49%; text-align: right; padding-bottom: 0pt"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MinimumMember_zrB2HooRvvu1" title="Estimated useful life">3 - <span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MaximumMember_z5k42BJf4XOk" title="Estimated useful life">7 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Operating Equipment</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OperatingEquipmentMember__srt--RangeAxis__srt--MinimumMember_zgXwSKwz6ack" title="Estimated useful life">3 – <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OperatingEquipmentMember__srt--RangeAxis__srt--MaximumMember_zJY5ujMAznhe" title="Estimated useful life">6 years</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Leasehold improvement</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"><span id="xdx_902_eus-gaap--PropertyPlantAndEquipmentUsefulLifeDescriptionOfTermExtensibleEnumeration_iI_dxL_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zkQ0EzCRvM9c" title="::XDX::http%3A%2F%2Ffasb.org%2Fus-gaap%2F2024%23UsefulLifeTermOfLeaseMember">Lesser of the life of the asset or the lease term</td></tr> </table>

P3Y

P7Y

P3Y

P6Y

Concentrations Financial instruments that potentially expose the Group to concentration of credit risk consist primarily of cash. Although the cash at each particular bank in the United States is insured up to $250,000 by Federal Deposit Insurance Corporation (FDIC), the Group is exposed to risk due to its concentration of cash in foreign countries. The Group places its cash with financial institutions with high-credit ratings and quality.

250000

Fair value Fair Value of Financial Instruments The carrying value of cash, accounts payable and accrued liabilities, and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments. All other significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the consolidated financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practicable the fair values of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed. Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The authoritative guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability developed based upon the best information available in the circumstances. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company classifies and discloses assets and liabilities carried at fair value in one of the following three categories: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; padding-bottom: 0pt">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Level 1 – quoted prices in active markets for identical assets and liabilities.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Level 2 – observable market-based inputs or unobservable inputs that are corroborated by market data; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">●</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Level 3 – significant unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.</td></tr> </table>

Revenue recognition Accounting Standards Codification 606, Revenue from Contracts with Customers (“ASC 606”), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services or catering service to customers. Revenue is recognized when (or as) the Company transfers promised goods or services or catering service to its customers in amounts that reflect the consideration to which the Company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers over control of the promised goods or services or catering service to its customers. To determine the appropriate amount of revenue to be recognized for arrangements determined to be within the scope of ASC 606, the Company performs the following five steps: (i) identification of the promised goods or services or catering service in the contract by analyzing customer perspective, immateriality, implicit promises, setup activities, and marketing incentives ; (ii) determination of whether the promised goods or services or catering service are performance obligations including whether they are distinct in the context of the contract by analyze the contract from the perspective of the customer; (iii) measurement of the transaction price, including the constraint on variable consideration by the expected value method and the most likely amount method ; (iv) allocation of the transaction price to the performance obligations based on a relative stand-alone selling price basis, or the price at which the Company would sell the good or service separately to similar customers in similar circumstances ; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. This should only be done once the transaction is complete and your obligation is fulfilled. The Company only applies the five-step model to contracts when it is probable that the entity will collect consideration it is entitled to in exchange for the goods or services or catering service it transfers to the customer. Costs to obtain or fulfill a contract are capitalized and expensed over the life of the contract. The Company began generating revenue from the food and beverage business by providing quality catering services in Hong Kong since October 2022 and in the People’s Republic of China (“PRC”) since January 2023. The Company recognizes this revenue at a point in time, when the Company provides the product to the customer. A project providing services to Value Exchange Int’l (Hong Kong) Limited, a subsidiary of VEII, located in Hong Kong, was conducted on a monthly basis from 2022 to 2023. VEII is a related party of the Company. Upon receipt of purchase order from this customer, we issued the corresponding invoice and provided the service accordingly. Any payment received from this customer in advance was presented within other payables on the Company’s consolidated balance sheets. This service was terminated on June 30, 2023 and $0 of contract liabilities remained as of December 31, 2024. The balance of customer deposits at December 31, 2024 and 2023 was $0, and $2,802 in December 31, 2022. The Company recognized this revenue over the time of the service contracts with VEII on a monthly basis, as the Company provided the services to VEII in accordance with the contract. In June 2023, the Company acquired a travel business and began generating revenue by providing airfare and travel accommodation booking services in Hong Kong. The Company recognizes this revenue at a point in time when the Company provides the service to the customer.

2802

Income taxes Current income taxes are provided for in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Net operating loss carry forwards and credits are applied using enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that a portion of or all of the deferred tax assets will not be realized. The components of the deferred tax assets and liabilities are individually classified as non-current in accordance with ASC 740. The Company has recorded a full valuation allowance against all deferred tax assets and liabilities as of December 31, 2024 and 2023. The impact of an uncertain income tax position on the income tax return is recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Interest and penalties on income taxes will be classified as a component of the provisions for income taxes. The Group did not recognize any income tax due to uncertain tax position or incur any interest and penalties related to potential underpaid income tax expenses for the years ended December 31, 2024 or 2023, respectively.

less than a 50% likelihood

Foreign currency translation Items included in the consolidated financial statements of each entity in the Group are measured using the currency of the primary economic environment in which the entity operates (“functional currency”). The functional and reporting currency of the Company is the United States dollar (“U.S. dollar”). The financial records of the Company’s subsidiaries located in Singapore, Hong Kong, Mainland China and Taiwan are maintained in their local currencies, the Singapore Dollar (S$), Hong Kong Dollar (HK$), Chinese Yuan (CN ¥) and New Taiwan Dollar (NT$), which are also the functional currencies of these entities. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange ruling at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the consolidated statements of operations. The Company’s entities with functional currency of Singapore Dollar, Hong Kong Dollar, Chinese Yuan and New Taiwan Dollar, translate their operating results and financial positions into the U.S. dollar, the Company’s reporting currency. Assets and liabilities are translated using the exchange rates in effect on the balance sheet date. Revenues, expenses, gains and losses are translated using the average rate for the year. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of comprehensive income (loss). For the year ended December 31, 2024, the Company recorded foreign currency translation adjustment of ($181,371) in the consolidated financial statements. For the year ended December 31, 2023, the Company recorded foreign currency translation adjustment of ($50,107) in the consolidated financial statements.

181371

50107

Comprehensive income (loss) Comprehensive income (loss) includes gains (losses) from foreign currency translation adjustments. Comprehensive income (loss) is reported in the consolidated statements of operations and comprehensive loss.

Earnings (Loss) per share Basic earnings (loss) per share is computed by dividing net income (loss) attributable to stockholders by the weighted average number of shares outstanding during the year. The calculation of diluted net income per unit includes the effects of the assumed conversion of the Company’s outstanding convertible debt, except during the loss periods as the effect would be anti-dilutive.

Non-controlling interests Non-controlling interests represent the equity in a subsidiary not attributable, directly or indirectly, to owners of the Company, and are presented separately in the consolidated statements of operation and comprehensive income, and within equity in the Consolidated Balance Sheets, separately from equity attributable to owners of the Company. On December 31, 2024 and 2023, the aggregate non-controlling interests in the Company were ($4,303) and ($3,449), respectively.

-4303

-3449

Recent accounting pronouncements Recently adopted accounting pronouncements Segment reporting On November 27, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-07, Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 amends ASC 280, Segment Reporting (“ASC 280”) to expand segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the Company’s chief operating decision maker (“CODM”), the amount and description of other segment items, the title and position of the CODM, and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. ASU 2023-07 further permits disclosure of more than one measure of segment profit or loss and extends the full disclosure requirements of ASC 280 to companies with single reportable segments. The Company adopted ASU 2023-07 on December 31, 2024 on a retrospective basis. See —Segment reporting below for additional information. Accounting pronouncements pending adoption On November 4, 2024, the FASB issued ASU No. 2024-03, Expense Disaggregation Disclosures (“ASU 2024-03”). ASU 2024-03 amends ASC 220, Comprehensive Income to expand income statement expense disclosures and require disclosure in the notes to the financial statements of specified information about certain costs and expenses. ASU 2024-03 is required to be adopted for fiscal years commencing after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impact of adopting the standard on the Consolidated Financial Statements.

Segment reporting The Company reports its segment information to reflect the manner in which the CODM reviews and assesses performance. The Company’s Chief Executive Officer responsibility as the CODM and review and assess the performance of the Company as a whole. The primary financial measures used by the CODM to evaluate performance and allocate resources are net income (loss) and operating income (loss). The CODM uses net income (loss) and operating income (loss) to evaluate the performance of the Company’s ongoing operations and as part of the Company’s internal planning and forecasting processes. Information on Net income (loss) and Operating income (loss) is disclosed in the Consolidated Statements of Operations. Segment expenses and other segment items are provided to the CODM on the same basis as disclosed in the Consolidated Statements of Operations. The CODM does not evaluate performance or allocate resources based on segment assets, and therefore such information is not presented in the notes to the financial statements.

<p id="xdx_803_eus-gaap--AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock_zf9eKRv6poci" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Note 3. ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accrued expenses and other current liabilities consisted of the following: SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20241231_zTOv0b5lUDE7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20231231_zIOTU10zHBfc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_eus-gaap--AccruedSalariesCurrent_iI_pp0p0_maAPAOAziyC_zjo5AP52GA0c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Accrued payroll</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">44,432</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">13,146</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--AccruedProfessionalFeesCurrent_iI_pp0p0_maAPAOAziyC_zbjGHqU9H5m" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accrued professional fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,172</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,643</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--AccountsPayableOtherCurrent_iI_pp0p0_maAPAOAziyC_z97hjGn3f3Bg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Other account payable and accrued expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,030</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,146</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iTI_pp0p0_mtAPAOAziyC_zcfKwXaZAHZh" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">110,634</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">74,935</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

Accrued expenses and other current liabilities consisted of the following: SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20241231_zTOv0b5lUDE7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20231231_zIOTU10zHBfc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_eus-gaap--AccruedSalariesCurrent_iI_pp0p0_maAPAOAziyC_zjo5AP52GA0c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Accrued payroll</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">44,432</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">13,146</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--AccruedProfessionalFeesCurrent_iI_pp0p0_maAPAOAziyC_zbjGHqU9H5m" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accrued professional fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,172</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,643</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--AccountsPayableOtherCurrent_iI_pp0p0_maAPAOAziyC_z97hjGn3f3Bg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Other account payable and accrued expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,030</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,146</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iTI_pp0p0_mtAPAOAziyC_zcfKwXaZAHZh" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">110,634</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">74,935</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

44432

13146

45172

37643

21030

24146

110634

74935

Note 4. PROPERTY AND EQUIPMENT, NET Property and Equipment, net consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20241231_zlQ9mXyv0V35" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20231231_z2oHtonQ0hwj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zE2IrWuMaGc1" style="vertical-align: bottom; background-color: White"> <td style="width: 64%; text-align: left">Leasehold improvement</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">62,139</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">11,253</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zHuN8m6pVnv2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Computer equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">69,369</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,794</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zd1GgipkkZwc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Furniture & Fittings</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,261</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_zz4WZ9p0Zz6f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total cost</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">133,769</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">23,047</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Less: accumulated depreciation #</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zygOCqNnDkPe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Leasehold improvement #</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11,509</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11,253</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_z310ZXIkda77" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Computer equipment #</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,890</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,220</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zdJSATbj0on7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Furniture & Fittings #</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">106</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_pp0p0_zkJSJEmczdeg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total accumulated depreciation #</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">27,505</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">16,473</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">NBV at the end of year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zwYUREKY4jHa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Leasehold improvement</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">50,630</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zgiSR9nwZbx9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Computer equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,479</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,574</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zXhdoTgw3Xjl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Furniture & Fittings</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,155</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_z1OvmSgXR2pg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total NBV</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">106,264</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">6,574</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_F0F_zu4ScN4QfYr6" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">#</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Total of depreciation expenses charged for the years ended December 31, 2024 and 2023 were $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--Depreciation_c20240101__20241231_zR9tyei4hFG7" title="Depreciation expenses">14,946 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--Depreciation_c20230101__20231231_zWKC823ZhQJh" title="Depreciation expenses">9,313, respectively, of which $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--CostOfGoodsAndServicesSoldDepreciation_c20240101__20241231_zRO8WqsZzdJc" title="Cost of revenue depreciation">7,975 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90D_eus-gaap--CostOfGoodsAndServicesSoldDepreciation_c20230101__20231231_zmZO7v8SoDe9" title="Cost of revenue depreciation">6,401 were booked under cost of revenue for the years ended December 31, 2024 and 2023, respectively, and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90D_eus-gaap--Depreciation_c20240101__20241231__us-gaap--IncomeStatementLocationAxis__us-gaap--GeneralAndAdministrativeExpenseMember_zNgCFF8YdlQh" title="Depreciation expenses">6,971 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--Depreciation_c20230101__20231231__us-gaap--IncomeStatementLocationAxis__us-gaap--GeneralAndAdministrativeExpenseMember_z55SaXC4VDX" title="Depreciation expenses">2,912 were booked under general and administrative expenses for the years ended December 31, 2024 and 2023, respectively.</td></tr> </table>

Property and Equipment, net consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20241231_zlQ9mXyv0V35" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20231231_z2oHtonQ0hwj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zE2IrWuMaGc1" style="vertical-align: bottom; background-color: White"> <td style="width: 64%; text-align: left">Leasehold improvement</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">62,139</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">11,253</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zHuN8m6pVnv2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Computer equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">69,369</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,794</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zd1GgipkkZwc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Furniture & Fittings</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,261</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_zz4WZ9p0Zz6f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total cost</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">133,769</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">23,047</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Less: accumulated depreciation #</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zygOCqNnDkPe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Leasehold improvement #</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11,509</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11,253</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_z310ZXIkda77" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Computer equipment #</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,890</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,220</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zdJSATbj0on7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Furniture & Fittings #</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">106</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_pp0p0_zkJSJEmczdeg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total accumulated depreciation #</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">27,505</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">16,473</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">NBV at the end of year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zwYUREKY4jHa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Leasehold improvement</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">50,630</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zgiSR9nwZbx9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Computer equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,479</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,574</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zXhdoTgw3Xjl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Furniture & Fittings</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,155</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_z1OvmSgXR2pg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total NBV</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">106,264</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">6,574</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_F0F_zu4ScN4QfYr6" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 24px; text-align: right; padding-bottom: 0pt">#</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Total of depreciation expenses charged for the years ended December 31, 2024 and 2023 were $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90E_eus-gaap--Depreciation_c20240101__20241231_zR9tyei4hFG7" title="Depreciation expenses">14,946 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_900_eus-gaap--Depreciation_c20230101__20231231_zWKC823ZhQJh" title="Depreciation expenses">9,313, respectively, of which $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_907_eus-gaap--CostOfGoodsAndServicesSoldDepreciation_c20240101__20241231_zRO8WqsZzdJc" title="Cost of revenue depreciation">7,975 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90D_eus-gaap--CostOfGoodsAndServicesSoldDepreciation_c20230101__20231231_zmZO7v8SoDe9" title="Cost of revenue depreciation">6,401 were booked under cost of revenue for the years ended December 31, 2024 and 2023, respectively, and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90D_eus-gaap--Depreciation_c20240101__20241231__us-gaap--IncomeStatementLocationAxis__us-gaap--GeneralAndAdministrativeExpenseMember_zNgCFF8YdlQh" title="Depreciation expenses">6,971 and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFBST1BFUlRZIEFORCBFUVVJUE1FTlQgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_904_eus-gaap--Depreciation_c20230101__20231231__us-gaap--IncomeStatementLocationAxis__us-gaap--GeneralAndAdministrativeExpenseMember_z55SaXC4VDX" title="Depreciation expenses">2,912 were booked under general and administrative expenses for the years ended December 31, 2024 and 2023, respectively.</td></tr> </table>

62139

11253

69369

11794

2261

133769

23047

11509

11253

15890

5220

106

27505

16473

50630

53479

6574

2155

106264

6574

14946

9313

7975

6401

6971

2912

Note 5. INCOME TAXES The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statements’ recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December 31, 2024 and 2023. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. The provision for income taxes consisted of the following (in $): SCHEDULE OF PROVISION FOR INCOME TAX <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20240101__20241231_z4xwL0WU1CKl" style="border-bottom: Black 1pt solid; text-align: center">2024</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20230101__20231231_zfzhIsvlTrsc" style="border-bottom: Black 1pt solid; text-align: center">2023</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--CurrentIncomeTaxExpenseBenefit_zQBXrN6sXDK2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: justify">Current</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 2%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 2%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--DeferredIncomeTaxExpenseBenefit_z6lo4pABJmoa" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Deferred</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxExpenseBenefit_iT_zamRufocuHol" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Total</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20240101__20241231_z1n3Mqrd43M5" style="border-bottom: Black 1pt solid; text-align: center">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20230101__20231231_zIF1ZHpm3lF4" style="border-bottom: Black 1pt solid; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_406_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_pid_dp_uPure_maALCzr1A_zyCnpEQ7G3e9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: justify">Income taxes at statutory rate</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">17.3</td><td style="width: 2%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">17.0</td><td style="width: 2%; text-align: left">%</td></tr> <tr id="xdx_407_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_pid_dp_uPure_maALCzr1A_zIfERofLitbk" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Change in valuation allowance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(17.3</td><td style="text-align: left">)%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(17.0</td><td style="text-align: left">)%</td></tr> <tr id="xdx_400_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherAdjustments_pid_dp_uPure_maALCzr1A_zk1rnTlCIIMc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> <tr id="xdx_40D_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_iT_pid_dp_uPure_mtALCzr1A_zCZdtYC9lRk6" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Effective tax rate</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> </table> The Company’s effective tax rate was 0% for the years ended December 31, 2024 and 2023. The Inflation Reduction Act (“IR Act”) was enacted on August 16, 2022. The IR Act includes provisions imposing a 1% excise tax on share repurchases that occur after December 31, 2022 and introduces a 15% corporate alternative minimum tax (“CAMT”) on adjusted financial statement income. The CAMT is effective for us beginning in fiscal 2024, which leads to the IRS’s increased tax enforcement efforts, the expansion of clean energy investments, and the provision of EV tax credits, while also facing scrutiny regarding its budgetary cost and potential reversals of climate-related regulations. We currently are not expecting the IR Act to have a material adverse impact to our financial statements. Significant components of the Company’s deferred tax assets and liabilities are as follows: SCHEDULE OF TAXES AND DEFERRED INCOME TAX ASSETS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" id="xdx_49F_20241231_zfIRjw39QOr3" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">2024</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" id="xdx_490_20231231_ziWLX1gjeNH2" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: center; padding-bottom: 0pt">2023</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Deferred tax assets:</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_404_ecustom--DeferredTaxAssetsLeaseLiability_iI_maDTAGzV61_zBcBVyCuSNOk" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 58%; text-align: justify; padding-bottom: 0pt">Lease Liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt">$ </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 16%; text-align: right; padding-bottom: 0pt">140,533</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt">$ </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 16%; text-align: right; padding-bottom: 0pt">55,966</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_maDTAGzV61_zlfFbSGCe0nb" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Net Operating Loss</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">591,657</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">633,599</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_408_eus-gaap--DeferredTaxAssetsGross_iTI_mtDTAGzV61_zTPJCkrwRgUf" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Total deferred tax assets</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">732,190</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">689,565</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Deferred tax liabilities:</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_405_ecustom--DeferredTaxLiabilitiesRightUseOfAssets_iNI_di_maDTLz4gz_z87i4x4DjFs3" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Right-of-Use Assets</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(130,030</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(54,495</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_408_eus-gaap--DeferredTaxLiabilities_iNTI_di_mtDTLz4gz_zynotDHhHEee" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Total deferred tax liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(130,030</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(54,495</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsLiabilitiesNet_iI_zTuw3ToooKJi" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Deferred tax assets , net</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">$</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">602,160</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">$</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">635,070</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40E_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_zG4oQVQZuvqa" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Less valuation allowance</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(602,160</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(635,070</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_405_eus-gaap--DeferredTaxAssetsNet_iI_zQqVzSspUuX8" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Deferred tax asset c/f</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 2.25pt double; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 2.25pt double; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 2.25pt double; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 2.25pt double; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> </table> On December 22, 2017, the Tax Cuts and Jobs Act was signed into legislation, lowering the corporate income tax rate to 21% effective January 1, 2018 and making many other significant changes to the U.S. income tax code. Under ASC 740, the effects of changes in tax rates and laws are recognized in the period in which the new legislation is enacted. The Company provided a valuation allowance equal to the deferred income tax assets for year ended December 31, 2024 and 2023 because it is not presently known whether future taxable income will be sufficient to utilize the loss carry-forwards. As of December 31, 2024, the Company had approximately $1,146,806 in tax loss carry-forwards that can be utilized in future periods to reduce taxable income: $516,516 from before January 1, 2018 can carry back to 2 prior years and carry forward for up to 20 subsequent years. $255,399 from between December 31, 2017 to January 1, 2021 can carry back to 5 prior years and carry forward indefinitely until used, and $374,891 from after December 31, 2020 cannot carry back but can instead be carried forward indefinitely until used. The tax loss carry-forward of $374,891 can be used only to offset up to 80% of taxable income. The Company did not identify any material uncertain tax positions. The Company did not recognize any interest or penalties for unrecognized tax benefits. The federal income tax returns of the Company are subject to examination by the Internal Revenue Service, generally for three years after they are filed. The tax returns for the years ended December 31, 2023, 2022, and 2021 are still subject to examination by the taxing authorities.

The provision for income taxes consisted of the following (in $): SCHEDULE OF PROVISION FOR INCOME TAX <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20240101__20241231_z4xwL0WU1CKl" style="border-bottom: Black 1pt solid; text-align: center">2024</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20230101__20231231_zfzhIsvlTrsc" style="border-bottom: Black 1pt solid; text-align: center">2023</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--CurrentIncomeTaxExpenseBenefit_zQBXrN6sXDK2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: justify">Current</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 2%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">-</td><td style="width: 2%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--DeferredIncomeTaxExpenseBenefit_z6lo4pABJmoa" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Deferred</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxExpenseBenefit_iT_zamRufocuHol" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Total</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20240101__20241231_z1n3Mqrd43M5" style="border-bottom: Black 1pt solid; text-align: center">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20230101__20231231_zIF1ZHpm3lF4" style="border-bottom: Black 1pt solid; text-align: center">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_406_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_pid_dp_uPure_maALCzr1A_zyCnpEQ7G3e9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: justify">Income taxes at statutory rate</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">17.3</td><td style="width: 2%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">17.0</td><td style="width: 2%; text-align: left">%</td></tr> <tr id="xdx_407_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_pid_dp_uPure_maALCzr1A_zIfERofLitbk" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Change in valuation allowance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(17.3</td><td style="text-align: left">)%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(17.0</td><td style="text-align: left">)%</td></tr> <tr id="xdx_400_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherAdjustments_pid_dp_uPure_maALCzr1A_zk1rnTlCIIMc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> <tr id="xdx_40D_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_iT_pid_dp_uPure_mtALCzr1A_zCZdtYC9lRk6" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Effective tax rate</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> </table>

0.173

0.170

-0.173

-0.170

Significant components of the Company’s deferred tax assets and liabilities are as follows: SCHEDULE OF TAXES AND DEFERRED INCOME TAX ASSETS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" id="xdx_49F_20241231_zfIRjw39QOr3" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">2024</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" id="xdx_490_20231231_ziWLX1gjeNH2" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: center; padding-bottom: 0pt">2023</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Deferred tax assets:</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_404_ecustom--DeferredTaxAssetsLeaseLiability_iI_maDTAGzV61_zBcBVyCuSNOk" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 58%; text-align: justify; padding-bottom: 0pt">Lease Liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt">$ </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 16%; text-align: right; padding-bottom: 0pt">140,533</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt">$ </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 16%; text-align: right; padding-bottom: 0pt">55,966</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_maDTAGzV61_zlfFbSGCe0nb" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Net Operating Loss</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">591,657</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">633,599</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_408_eus-gaap--DeferredTaxAssetsGross_iTI_mtDTAGzV61_zTPJCkrwRgUf" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Total deferred tax assets</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">732,190</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">689,565</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Deferred tax liabilities:</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_405_ecustom--DeferredTaxLiabilitiesRightUseOfAssets_iNI_di_maDTLz4gz_z87i4x4DjFs3" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Right-of-Use Assets</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(130,030</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(54,495</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_408_eus-gaap--DeferredTaxLiabilities_iNTI_di_mtDTLz4gz_zynotDHhHEee" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Total deferred tax liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(130,030</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(54,495</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsLiabilitiesNet_iI_zTuw3ToooKJi" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt">Deferred tax assets , net</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">$</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">602,160</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">$</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">635,070</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40E_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_zG4oQVQZuvqa" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Less valuation allowance</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(602,160</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(635,070</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_405_eus-gaap--DeferredTaxAssetsNet_iI_zQqVzSspUuX8" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify">Deferred tax asset c/f</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 2.25pt double; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 2.25pt double; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 2.25pt double; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 2.25pt double; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> </table>

140533 55966

591657

633599

732190

689565

130030 54495

130030

54495

602160

635070

602160

635070

1146806

516516

255399

374891

Note 6. SHARE CAPITALIZATION The Company is authorized to issue 1 billion shares of common stock and 15 million shares of preferred stock. The authorized share capital of the Company’s common stock was increased from 500 million to 1 billion on May 5, 2017. Both share types have a $0.0001 par value. As of December 31, 2024 and 2023, the Company had issued and outstanding 507,610,326 and 507,610,326 of common stock, 0 and 0 shares of preferred stock, respectively Common Shares: On April 24, 2023, the Company completed the issuance of 711,750 shares of the Company’s common stock to 4,736 individuals for services rendered to the Company. The share-based compensation related to this share issuance is approximately $712. Preferred Shares: No Preferred Stock were issued as of December 31, 2024 and 2023.

1000000000

15000000

500000000

1000000000

0.0001

507610326

711750

4736

712

Note 7. EQUITY INCENTIVE PLAN On July 30, 2018, the Company adopted the Equity Incentive Plan (“The Plan”). The Plan is intended to encourage ownership of shares by employees, directors and certain consultants to the Company, in order to attract and retain such people and to induce them to work for the benefit of the Company. The Plan provides for the grant of options and/or other stock-based or stock-denominated awards. Subject to adjustment in accordance with the terms of the Plan, <span id="xdx_905_eus-gaap--CommonStockCapitalSharesReservedForFutureIssuance_iI_pp0d_c20180730__us-gaap--PlanNameAxis__custom--EquityIncentivePlanMember_zjFo1QRQTbhg" title="Common stock shares reserved for issuance">50,000,000 shares of Common Stock of the Company have been reserved for issuance pursuant to awards under the Plan. The Plan will be administered by the Company’s Board of Directors. This Plan shall terminate ten (<span id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_pp0d_dtY_c20180730__20180730__us-gaap--PlanNameAxis__custom--EquityIncentivePlanMember_zRdDHuMCzAG4" title="Expected termination term">10) years from the date of its adoption by the Board of Directors. There have been <span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod_pp0d_do_c20240101__20241231__us-gaap--PlanNameAxis__custom--EquityIncentivePlanMember_zzeCPP4yO8sc" title="Awards issued during period"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod_pp0d_do_c20230101__20231231__us-gaap--PlanNameAxis__custom--EquityIncentivePlanMember_zHoDf2yurjh4" title="Awards issued during period">no awards issued under the Plan as of December 31, 2024 and 2023.

50000000

P10Y

Note 8. INVESTMENT IN RELATED PARTY The Company elected the fair value option, or “FVO,” and therefore the Company continued to measure at fair value, for those of its assets and liabilities it had previously measured at fair value and for which such election is permitted, as provided for under ASC 825, and the financial instrument is initially measured at its issue-date estimated fair value and then subsequently remeasured at estimated fair value on a recurring basis at each reporting period date. (as provided for by ASC 825). The Company initially elected the FVO for its equity method investment in VEII, a related party, to simplify the reporting process. As required under ASC 825, all other instruments with VEII are required to be reported at fair value, so the Company values its convertible loans receivable and warrants with VEII at fair value as well. With respect to the above notes, ASC 825 also establishes presentation and disclosure requirements designed to facilitate comparisons between entities that choose different measurement attributes for similar types of assets and liabilities. As provided for by ASC 825, estimated fair value adjustment of the convertible promissory note is presented in a single line item within other income (expense) in the accompanying consolidated statements of operations and comprehensive loss. On September 6, 2023, the Company converted $<span id="xdx_901_eus-gaap--ConversionOfStockAmountConverted1_c20230905__20230906__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember_zAc3AzuOFWji" title="Conversion of stock, amount converted">1,300,000 of the principal amount loaned to VEII into <span id="xdx_902_eus-gaap--ConversionOfStockSharesConverted1_pid_c20230905__20230906__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember_ziw5k20L3s09" title="Conversion of stock, shares converted">7,344,632 shares of VEII’s common stock. Under the terms of the Credit Agreement, the Company received common stock warrants to purchase a maximum of <span id="xdx_907_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_c20230906__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember__srt--RangeAxis__srt--MaximumMember_zvRzH6A5uzGf" title="Common stock warrants to purchase">36,723,160 shares of VEII common stock at an exercise price of $<span id="xdx_908_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20230906__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember_zon1LhQRgAuj" title="Exercise price">0.1770 per share. Such warrants expire five (5) years from date of their issuance. On December 31, 2024 and 2023, the Company owned <span id="xdx_90F_eus-gaap--CommonStockSharesOutstanding_iI_pid_c20241231__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember_zpkgDd29PxC4" title="Common stock, shares outstanding"><span id="xdx_901_eus-gaap--CommonStockSharesOutstanding_iI_pid_c20231231__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember_zmWf7KvSDT3i" title="Common stock, shares outstanding">21,120,795 shares of VEII’s outstanding common stock and 36,723,160 warrants with an exercise price of $<span id="xdx_90F_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20241231__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember_zqrksgHwMb3b" title="Warrant exercise price"><span id="xdx_908_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20231231__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember_zOBrNSKJunD4" title="Warrant exercise price">0.1770 per share. Financial assets measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheets as of December 31, 2024 and 2023: SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z4t8j1onGiP7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z88S4V8RGr3i" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zo0jlhwwMG0h" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20241231_zsnDzfM4ayCb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value Measurement Using</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount at</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">December 31, 2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--EquityMethodInvestmentsFairValueDisclosure_iI_zPqO36bLKrF5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left">Investment Securities – Fair Value</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">747,676</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">747,676</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--WarrantsAndRightsOutstanding_iI_zMxloxyXo0c9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Warrants – VEII</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,299,973</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,299,973</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--InvestmentsFairValueDisclosure_iI_zbcz3SfLfny8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Investment in securities at Fair Value</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,047,649</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,047,649</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_498_20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zyYVZUXIlOti" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td id="xdx_491_20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zlI2gKfTHJ8a" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td id="xdx_49E_20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zyLBPuuM3Js" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td id="xdx_493_20231231_znwBZ5mOoyk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value Measurement Using</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount at</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">December 31, 2023</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--EquityMethodInvestmentsFairValueDisclosure_iI_zKyRemj3ABZc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left">Investment Securities – Fair Value</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">1,425,654</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">1,425,654</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--WarrantsAndRightsOutstanding_iI_zGnFLDMKWJY7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Warrants – VEII</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,487,854</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,487,854</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--InvestmentsFairValueDisclosure_iI_zeSMqKfvsuGc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Investment in securities at Fair Value</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,913,508</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,913,508</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Fair value loss on securities investment was ($2,613,855) and ($6,109,270) in the years ended December 31, 2024 and 2023, respectively. These losses were recorded directly to net loss. Warrants On September 6, 2023, the Company received warrants to purchase shares of VEII. For further details on this transaction, refer to Note 9 - Related Party Balances and Transactions. As of December 31, 2024 and 2023, the fair value of the warrants was $1,299,973 and $2,487,854, respectively. The Company did not exercise any warrants during the years ended December 31, 2024 and 2023. We value VEII warrants under level 2 category through a Black-Scholes option pricing model. The fair value of the VEII warrants under level 2 category as of December 31, 2024, and 2023 was calculated using a Black-Scholes valuation model valued with the following weighted average assumptions: SCHEDULE OF FAIR VALUE OF WARRANTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20241231_zWls8DQV7yG5" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20230906_zJ0yJvCTAkt4" style="font-weight: bold; text-align: center">September 6,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr id="xdx_40B_eus-gaap--SharePrice_iI_pid_zCeGYX3gIxKk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">Stock price</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">0.0354</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">0.068</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExercisePriceMember_z77QHaLrtga5" style="vertical-align: bottom; background-color: White"> <td>Exercise price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.1770</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.1770</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zE4u8sM4qVqh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.50</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8.50</td><td style="text-align: left">%</td></tr> <tr id="xdx_409_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zrCzoZplXRTg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Annualized volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">458.92</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">275.85</td><td style="text-align: left">%</td></tr> <tr id="xdx_408_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zbUBnkYD8rSl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dividend Yield</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.00</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zQqc0u1kKKJ5" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Warrants and rights outstanding, measurement input</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.00</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Year to maturity</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3.68</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4.68</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> Changes in the observable input values would likely cause material changes in the fair value of the Company’s Level 2 financial instruments. A significant increase (decrease) in this likelihood would result in a higher (lower) fair value measurement.

1300000

7344632

36723160

0.1770

P5Y

21120795

36723160

0.1770

Financial assets measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheets as of December 31, 2024 and 2023: SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z4t8j1onGiP7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z88S4V8RGr3i" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zo0jlhwwMG0h" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20241231_zsnDzfM4ayCb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value Measurement Using</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount at</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">December 31, 2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--EquityMethodInvestmentsFairValueDisclosure_iI_zPqO36bLKrF5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left">Investment Securities – Fair Value</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">747,676</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">747,676</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--WarrantsAndRightsOutstanding_iI_zMxloxyXo0c9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Warrants – VEII</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,299,973</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,299,973</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--InvestmentsFairValueDisclosure_iI_zbcz3SfLfny8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Investment in securities at Fair Value</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,047,649</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,047,649</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_498_20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zyYVZUXIlOti" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td id="xdx_491_20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zlI2gKfTHJ8a" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td id="xdx_49E_20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zyLBPuuM3Js" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td id="xdx_493_20231231_znwBZ5mOoyk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value Measurement Using</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount at</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">December 31, 2023</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--EquityMethodInvestmentsFairValueDisclosure_iI_zKyRemj3ABZc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left">Investment Securities – Fair Value</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">1,425,654</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">1,425,654</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--WarrantsAndRightsOutstanding_iI_zGnFLDMKWJY7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Warrants – VEII</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,487,854</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,487,854</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--InvestmentsFairValueDisclosure_iI_zeSMqKfvsuGc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Investment in securities at Fair Value</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,913,508</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,913,508</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

747676

1299973

2047649

1425654

2487854

3913508

-2613855

-6109270

1299973

2487854

The fair value of the VEII warrants under level 2 category as of December 31, 2024, and 2023 was calculated using a Black-Scholes valuation model valued with the following weighted average assumptions: SCHEDULE OF FAIR VALUE OF WARRANTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20241231_zWls8DQV7yG5" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20230906_zJ0yJvCTAkt4" style="font-weight: bold; text-align: center">September 6,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr id="xdx_40B_eus-gaap--SharePrice_iI_pid_zCeGYX3gIxKk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%">Stock price</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">0.0354</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">0.068</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExercisePriceMember_z77QHaLrtga5" style="vertical-align: bottom; background-color: White"> <td>Exercise price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.1770</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.1770</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zE4u8sM4qVqh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.50</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8.50</td><td style="text-align: left">%</td></tr> <tr id="xdx_409_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zrCzoZplXRTg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Annualized volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">458.92</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">275.85</td><td style="text-align: left">%</td></tr> <tr id="xdx_408_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zbUBnkYD8rSl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dividend Yield</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.00</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zQqc0u1kKKJ5" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Warrants and rights outstanding, measurement input</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.00</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Year to maturity</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3.68</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4.68</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

0.0354

0.068

0.1770

7.50

8.50

458.92

275.85

0.00

P3Y8M4D

P4Y8M4D

Note 9. RELATED PARTY BALANCES AND TRANSACTIONS Effective as of September 1, 2020, Chan Heng Fai resigned as the Acting Chief Executive Officer of the Company, and the Company’s Board of Directors appointed Lee Wang Kei (“Nathan”) as the Company’s Chief Executive Officer. Alset International Limited (“AIL”) is the Company’s former majority stockholder. On August 30, 2022, AIL entered into a stock purchase agreement with its controlling stockholder, Alset Inc. in relation to the disposal of <span id="xdx_90F_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_uShares_c20220829__20220830__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncorporationMember_zXZWfGbPihwb" title="Disposal of shares">505,341,376 shares of the Company’s common stock, representing approximately <span id="xdx_90E_eus-gaap--SaleOfStockPercentageOfOwnershipAfterTransaction_pid_dp_uPure_c20220829__20220830__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncorporationMember_zzkQQw5ntXA7" title="Sale of stock, percentage of ownership after transaction">99.69% of the total issued and paid-up share capital of the Company, to Alset Inc. After this transaction, Alset Inc. became the Company’s largest stockholder. Chan Heng Fai, the Chairman of the Company’s Board of Directors, is also the Chief Executive Officer and Chairman of Alset Inc.’s Board, as well as the majority stockholder of Alset Inc. Lui Wai Leung Alan, the Company’s Chief Financial Officer, is also the Co-Chief Financial Officer of Alset Inc. Chan Heng Fai is compensated by Alset Inc. and AIL. Lui Wai Leung Alan is compensated by AIL. Our Chief Executive Officer, Lee Wang Kei, is paid $2,000 per month by HotApp International Limited, a subsidiary of the Company. Alset Inc. has provided staff to our Company without charge since becoming our majority stockholder at no incremental effort or expense to its own operations. The Company had a project with an affiliate (a subsidiary of Value Exchange International, Inc.) that commenced in 2022 and terminated on June 30, 2023. VEII provides IT services and solutions for customers in Asia, covering Helpdesk, Managed Operations, Systems Integration, and Consulting Services. As of December 31, 2024, the Company has an amount due to Alset Inc. of $<span id="xdx_903_eus-gaap--OtherLiabilitiesCurrent_iI_pp0p0_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncorporationMember_zt2XQvmafwVl" title="Amount due to related parties">2,037,431, AIL of $<span id="xdx_906_eus-gaap--OtherLiabilitiesCurrent_iI_pp0p0_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetInternationalLimitedMember_zaUCvmMCz4C8" title="Amount due to related parties">2,559,005, an amount due to fellow subsidiaries of $<span id="xdx_902_eus-gaap--OtherLiabilitiesCurrent_iI_pp0p0_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FellowSubsidiariesMember_z9Pw3jY1bcFh" title="Amount due to related parties">3,354,120, and an amount due to a director of $4,177. As of December 31, 2023, the Company has an amount due to Alset Inc. of $<span id="xdx_904_eus-gaap--OtherLiabilitiesCurrent_iI_pp0p0_c20231231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncorporationMember_zKW8klY9g4s" title="Amount due to related parties">1,815,268, AIL of $<span id="xdx_902_eus-gaap--OtherLiabilitiesCurrent_iI_pp0p0_c20231231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetInternationalLimitedMember_zF8QA8iPt4Ok" title="Amount due to related parties">2,508,868, an amount due to fellow subsidiaries of $<span id="xdx_904_eus-gaap--OtherLiabilitiesCurrent_iI_pp0p0_c20231231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FellowSubsidiariesMember_zBlbwOl0FvB7" title="Amount due to related parties">1,879,508, an amount due to a director of $4,153, and an amount due from two associated companies of AIL of ($<span id="xdx_906_eus-gaap--OtherLiabilitiesCurrent_iI_pp0p0_c20231231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AssociatedCompanyOfAlsetInternationalLimitedMember_zqqySD0q6yI3" title="Amount due to related parties">6). The above amounts due to related parties are interest free and no repayment schedule and deadline have been adopted. On January 27, 2023, the Company and New Electric CV Corporation (together with the Company, the “Lenders”) entered into a Convertible Credit Agreement (the “1st VEII Credit Agreement”) with Value Exchange International, Inc., a Nevada corporation. The 1st VEII Credit Agreement provides VEII with a maximum credit line of $<span id="xdx_902_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_c20230127__us-gaap--TypeOfArrangementAxis__custom--ConvertibleCreditAgreementMember_zgTndcgfuIMg" title="Credit maximum borrowing capacity">1,500,000 (“Maximum Credit Line”) with simple interest accrued on any advances of the money under the 1st VEII Credit Agreement at <span id="xdx_908_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_pip0_dp_c20230126__20230127__us-gaap--TypeOfArrangementAxis__custom--ConvertibleCreditAgreementMember_zlRNZgGpiLI3" title="Interest rate">8%. The principal amount of any advance of money under the 1st VEII Credit Agreement (each being referred to as an “Advance”) is due in a lump sum, balloon payment on the third annual anniversary of the date of the Advance (“Advance Maturity Date”). Accrued and unpaid interest on any Advance is due and payable on a semi-annual basis with interest payments due on the last business day of June and last business day of December of each year. A Lender may demand that any portion or all of the unpaid principal amount of any Advance as well as accrued and unpaid interest thereon be paid in shares of VEII’s common stock in lieu of cash payment. On February 23, 2023, Hapi Metaverse loaned VEII $1,400,000 (the “Loan Amount”). The Loan Amount can be converted into shares of VEII pursuant to the terms of the 1st VEII Credit Agreement for a period of three years. There is no fixed price for the derivative security until Hapi Metaverse converts the Loan Amount into shares of VEII common stock. On September 6, 2023, the Company converted $<span id="xdx_90D_eus-gaap--ConversionOfStockAmountConverted1_c20230905__20230906__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember_zilli2ujqx83" title="Conversion of stock, amount converted">1,300,000 of the principal amount loaned to VEII into <span id="xdx_902_eus-gaap--ConversionOfStockSharesConverted1_pid_c20230905__20230906__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember_zL4bTtPt68o8" title="Conversion of stock, shares converted">7,344,632 shares of VEII’s common stock. Under the terms of the 1st VEII Credit Agreement, the Company received common stock warrants to purchase a maximum of <span id="xdx_90F_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_c20230906__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember__srt--RangeAxis__srt--MaximumMember_zUH96GJjEO01" title="Common stock warrants to purchase">36,723,160 shares of VEII common stock at an exercise price of $<span id="xdx_90E_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20230906__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember_zUMM7NZ9art6" title="Exercise price">0.1770 per share. Such warrants expire five (5) years from date of their issuance. As of December 31, 2024, $100,000 credit was advanced, and interest income of $8,022 are included in interest income for the year ended December 31, 2024. Alset Inc. acted as an intermediary to pay the money directly to VEII. A corresponding note payable to Alset Inc. was entered into in connection with this transaction. See the following paragraph for a description of the note payable to Alset Inc. On February 23, 2023, the Company and Alset Inc., a Texas corporation (NASDAQ: AEI) (“Alset”) entered into a Subscription Agreement (the “AEI Subscription Agreement”). Pursuant to the AEI Subscription Agreement, the Company has borrowed $1,400,000 (the “AEI Loan Amount”) from Alset in exchange for a Convertible Promissory Note (the “AEI Note”). The term of the AEI Note is three years with simple interest rate of 8% per annum. The AEI Note may be converted in whole or in part, into fully-paid and non-assessable shares of common stock, par value $0.0001 per share, of the Company (the “Shares”) at fixed conversion rate equal to $0.50 per share. Alset may require repayment upon 30 days’ notice. The Company is entitled to repay all or any portion of the AEI Loan Amount to Alset early and without penalty. As of December 31, 2024, $1,400,000 remains unpaid, and interest expenses of $112,307 are included in interest expenses for the year ended December 31, 2024. The AEI Loan Amount borrowed from Alset was used by the Company to fulfill the 1st VEII Credit Agreement between the Company and VEII. On June 14, 2023, the Company acquired Hapi Travel Ltd. from Business Mobile Intelligence Ltd., a company wholly owned by Chan Heng Fai, for a consideration of $<span id="xdx_900_eus-gaap--BusinessCombinationConsiderationTransferred1_pp2d_c20230613__20230614__us-gaap--BusinessAcquisitionAxis__custom--BusinessMobileIntelligenceLtdMember_ziiOHHQyKaP4" title="Business consideration transferred">214,993. On November 17, 2021, Chan Heng Fai had acquired Hapi Travel Ltd. (formerly known as Travel Panda Ltd.) from an individual unaffiliated with the Company. On December 14, 2023, the Company entered into a Convertible Credit Agreement (“2nd VEII Credit Agreement”) with VEII. On December 15, 2023, the Company loaned VEII $<span id="xdx_902_eus-gaap--DebtInstrumentFaceAmount_iI_c20231215__us-gaap--TypeOfArrangementAxis__custom--ConvertibleCreditAgreementMember__us-gaap--TypeOfArrangementAxis__custom--SecondVEIICreditAgreementMember_znm8ibaMAB6" title="Loan amount">1,000,000. The 2nd VEII Credit Agreement was amended pursuant to an agreement dated December 19, 2023. Under the 2nd VEII Credit Agreement, as amended, this amount can be converted into shares of VEII pursuant to the terms of the 2nd VEII Credit Agreement for a period of three years. In the event that the Company converts this loan into shares of VEII common stock, the conversion price shall be $0.045 per share. In the event that the Company elects to convert any portion of the loan into shares of VEII common stock in lieu of cash payment in satisfaction of that loan, then VEII will issue to the Company five (5) detachable warrants for each share of VEII common stock issued in a conversion (“Warrants”). Each Warrant will entitle the Company to purchase one (1) share of common stock at a per-share exercise price equal to the conversion price. The exercise period of each Warrant will be five (<span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20231214__us-gaap--BusinessAcquisitionAxis__custom--ValueExchangeInternationalIncMember__us-gaap--TypeOfArrangementAxis__custom--SecondVEIICreditAgreementMember_z1J78hBWOlwe" title="Warrants expire term">5) years from date of issuance of the Warrant. At the time of this filing, the Company has not converted the loan amount. As of December 31, 2024, $1,000,000 credit was advanced, and interest income of $80,219 is included in interest income for the year ended December 31, 2024. On December 15, 2023, the Company and AIL entered into a Subscription Agreement (the “AIL Subscription Agreement”). Pursuant to the AIL Subscription Agreement, the Company has borrowed $1,000,000 (the “AIL Loan Amount”) from AIL in exchange for a Promissory Note (the “AIL Note”). The term of the AIL Note is three years with simple interest rate of 5% per annum. AIL may require repayment upon 30 days’ notice. The Company shall be entitled to repay all or any portion of the AIL Loan Amount to Alset International Limited early and without penalty. As of December 31, 2024, $<span id="xdx_903_eus-gaap--DebtDefaultLongtermDebtAmount_iI_c20241231__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember_z6MhSUbQ7nL8" title="Debt amount remaining unpaid">1,000,000 remains unpaid, and interest expenses of $<span id="xdx_900_eus-gaap--InterestExpenseDebt_c20240101__20241231__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember_zPbv2uYMD4Eg" title="Interest expense">50,137 are included in interest expenses for the year ended December 31, 2024, respectively. The Company used the AIL Loan Amount borrowed from AIL to fulfill the 2nd VEII Credit Agreement between the Company and VEII. On July 15, 2024, the Company entered into a Convertible Credit Agreement (“3rd VEII Credit Agreement”) with VEII for an unsecured credit line in the maximum amount of $<span id="xdx_90D_eus-gaap--DebtInstrumentFaceAmount_iI_c20240715__us-gaap--TypeOfArrangementAxis__custom--ConvertibleCreditAgreementMember__us-gaap--TypeOfArrangementAxis__custom--ThirdVEIICreditAgreementMember_zgrPbauBfzz5" title="Loan amount">110,000. Advances of the principal under the 3rd VEII Credit Agreement accrue simple interest at 8% per annum. Each Advance under the 3rd VEII Credit Agreement and all accrued interest thereon may, at the election of VEII, or the Company, be: (1) repaid in cash; (2) converted into shares of VEII common stock; or (3) be repaid in a combination of cash and shares of VEII common stock. The principal amount of each advance under the 3rd VEII Credit Agreement shall be due and payable on the third (3rd) annual anniversary of the date that the advance is received by VEII along with any unpaid interest accrued on the principal (the “Advance Maturity Date 3”). Prior to the Advance Maturity Date 3, unpaid interest accrued on any advance shall be paid on the last business day of June and on the last business day of December of each year in which the advance is outstanding and not converted into shares of VEII common stock. Company may prepay any advance under the 3rd VEII Credit Agreement and interests accrued thereon prior to Advance Maturity Date 3 without penalty or charge. At the time of this filing, the Company has not converted the loan amount. As of December 31, 2024, $110,000 credit was advanced, and interest income of $4,075 is included in interest income for the year ended December 31, 2024. Our Chairman, Chan Heng Fai, and another member of our Board of Directors, Lum Kan Fai, are both members of the Board of Directors of VEII. In addition to Mr. Chan, three other members of the Board of Directors of Alset Inc., our majority stockholder, are also members of the Board of Directors of VEII (Wong Shui Yeung, Wong Tat Keung and Lim Sheng Hon, Danny). On December 17, 2024, the Company entered into a shares purchase agreement with Hapi Travel Holding Pte. Limited (“HTHPL”), pursuant to which the Company to sell 500,000 ordinary shares of Hapi Travel Limited (“HTL”), representing 100% of the issued and outstanding share capital of HTL, in accordance with the terms and conditions set out in the shares purchase agreement entered into between HTHPL, in exchange for a promissory note in amount of $82,635, which bears an 6% interest rate and has a scheduled maturity two years from the date of the promissory note. As of December 31, 2024, interest income of $190 is included in interest income and $<span id="xdx_902_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--NonrelatedPartyMember_zregTo9FHMmc" title="Promissory note receivable">82,635 in promissory note receivable. The Company recorded a gain on the sale of HTL of $<span id="xdx_901_ecustom--AdjustmentsToAdditionalPaidInCapitalDisposalOfHapiTravelLimitedToRelatedParty_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--NonrelatedPartyMember_zEXmXdoRTYN2" title="Adjustments to additional paid in capital disposal">257,733 through additional paid in capital, as this was a related party transaction.

505341376

0.9969

2000

2037431

2559005

3354120

4177

1815268

2508868

1879508

4153

1500000

0.08

1400000

1300000

7344632

36723160

0.1770

P5Y

100000

8022

1400000

0.08

0.0001

0.50

1400000

112307

214993

1000000

0.045

P5Y

1000000

80219

1000000

0.05

1000000

50137

110000

0.08

110000

4075

500000

82635

0.06

P2Y

190

82635

257733

Note 10. GOODWILL On October 4, 2022, the Company completed its F&B business acquisition of MOC, an F&B business started in Hong Kong. The acquisition has been accounted for as a business combination. Accordingly, consideration paid by the Company to complete the acquisition was initially allocated to the acquired assets and liabilities assumed based upon their estimated acquisition date fair values. As a result of the acquisition of MOC, goodwill of $60,343 generated in a business combination represents the purchase price of $70,523 in excess of identifiable tangible and intangible assets. Goodwill and intangible assets that have an indefinite useful life are not amortized. Instead, they are reviewed periodically for impairment. On September 16, 2024, the Company temporarily ceased the café business of MOC after the café’s lease expired and MOC declined to enter into a new lease with the landlord. The Company is searching for a better location to restart the business in the future. As a result, the goodwill of $60,343 was fully impaired on December 31, 2024. On April 18, 2024, the Company completed its F&B business acquisition of HCTW, an F&B business started in Taiwan. The accompanying consolidated financial statements include the operations of the acquired entity from its acquisition date. The acquisition has been accounted for as a business combination. Accordingly, consideration paid by the Company to complete the acquisition is initially allocated to the acquired assets and liabilities assumed based upon their estimated acquisition date fair values. As of the date of acquisition, HCTW had a total of $<span id="xdx_906_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRelatedParty_iI_c20221004__us-gaap--BusinessAcquisitionAxis__custom--HapiCafeCoLtdMember_zjyROManr8Yg" title="Due to related party">429,962 due to a related party, Alset Business Development Pte. Ltd, (“ABDPL”) a fellow subsidiary of Alset Inc., our ultimate parent company. HCTW borrowed the money from ABDPL since 2022 for its business start-up and daily operations. As a result of the acquisition of HCTW, the Company assumed HCTW’s amount due to ABDPL. As a result of the acquisition of HCTW, goodwill of $353,616 generated in a business combination represents the purchase price of $3,300 in excess of identifiable tangible and intangible assets. Goodwill and intangible assets that have an indefinite useful life are not amortized. Instead, they are reviewed periodically for impairment. The Company impaired the goodwill of $353,616 as a loss in June of 2024 due to the poor financial situation of HCTW. The table below reflects the Company’s estimates of the acquisition date fair value of the assets acquired and liabilities assumed for the 2024 acquisition: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" id="xdx_498_20221004__us-gaap--BusinessAcquisitionAxis__custom--HapiCafeCoLtdMember_zBpVnm5kqOkk" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">HCTW</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Purchase Price</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 80%; padding-bottom: 0pt">Cash</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt">$</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 16%; text-align: right; padding-bottom: 0pt">3,300</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Total purchase consideration</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">3,300</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Purchase Price Allocation</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Assets acquired</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_407_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets_iI_maBCRIAz2E4_zrdqtYBaJfx4" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Current assets</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">$</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">24,175</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40F_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentDeposit_iI_maBCRIAz2E4_z6HmKHFNryOc" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Deposit</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">41,987</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_406_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_maBCRIAz2E4_zxMfT7IibEa2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Property and Equipment, net</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">47,890</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40B_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets_iI_maBCRIAz2E4_z0lZlxFG4zzh" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Operating lease right-of-use assets, net</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">379,424</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_406_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets_iTI_mtBCRIAz2E4_maBCRIAzN1z_zGAL5CA8hU8b" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Total assets acquired</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">493,476</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Liabilities assumed:</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities_iNI_di_maBCRIAzr0v_zBpfecXSaTD7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Current liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">$</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">(2,680</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_402_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRelatedParty_iNI_di_maBCRIAzr0v_zkPscwLXwYx6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Due to related party</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">(429,962</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_403_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation_iNI_di_maBCRIAzr0v_znHn9rMA98tj" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Operating lease liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(411,150</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_401_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_iNTI_di_mtBCRIAzr0v_msBCRIAzN1z_zpmMy20FZ51" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Total liabilities assumed</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(843,792</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_409_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_iTI_mtBCRIAzN1z_zZQ97PCTAJ15" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Net assets acquired</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(350,316</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_405_eus-gaap--Goodwill_iI_zhuSCHhng6i1" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Goodwill</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">353,616</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Total purchase consideration</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">3,300</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> </table> The Company evaluates goodwill on an annual basis in the fourth quarter or more frequently if the management believes indicators of impairment exist. Such indicators could include, but are not limited to (1) a significant adverse change in legal factors or in business climate, (2) unanticipated competition, or (3) an adverse action or assessment by a regulator. The Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. If management concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, management conducts a quantitative goodwill impairment test. The impairment test involves comparing the fair value of the applicable reporting unit with its carrying value. The Company estimates the fair values of its reporting units using a combination of the income, or discounted cash flows, approach and the market approach, which utilizes comparable companies’ data. If the carrying amount of a reporting unit exceeds the reporting unit’s fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The following table summarizes changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023. SCHEDULE OF GOODWILL <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="white-space: nowrap; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20240101__20241231__us-gaap--BusinessAcquisitionAxis__custom--HapiCafeCoLtdMember_zWbTCm18WHE" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31, 2024</td><td style="white-space: nowrap; padding-bottom: 1pt"> </td><td style="white-space: nowrap; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--HapiCafeCoLtdMember_zHiI9LfY7a8g" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31, 2023</td><td style="white-space: nowrap; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr id="xdx_40B_eus-gaap--Goodwill_iS_zs62xnRXDzgb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: left">Balance at beginning of the year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">60,273</td><td style="width: 2%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">60,343</td><td style="width: 2%; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--GoodwillAcquiredDuringPeriod_zbSI9Zplo4Rg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Add: acquisition of HCTW</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">353,616</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--GoodwillImpairmentLoss_iN_di_zCx5yFjStTQh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Less: impairment loss of goodwill of HCTW</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(353,616</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--ImpairmentLossOfGoodwillOfAcquisition_iN_di_z2wWYBrgmTji" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Less: impairment loss of goodwill of MOC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(60,624</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--GoodwillForeignCurrencyTranslationGainLoss_z6ZHSg06dn6c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Foreign currency exchange adjustment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">351</td><td style="padding-bottom: 1pt; text-align: left"></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(70</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--Goodwill_iE_zVPCY9BazIw8" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Balance as of end of the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">60,273</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

60343

70523

60343

429962

353616

3300

353616

The table below reflects the Company’s estimates of the acquisition date fair value of the assets acquired and liabilities assumed for the 2024 acquisition: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" id="xdx_498_20221004__us-gaap--BusinessAcquisitionAxis__custom--HapiCafeCoLtdMember_zBpVnm5kqOkk" style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">HCTW</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Purchase Price</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 80%; padding-bottom: 0pt">Cash</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt">$</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 16%; text-align: right; padding-bottom: 0pt">3,300</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 1%; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Total purchase consideration</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">3,300</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Purchase Price Allocation</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Assets acquired</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_407_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets_iI_maBCRIAz2E4_zrdqtYBaJfx4" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Current assets</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">$</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">24,175</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40F_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentDeposit_iI_maBCRIAz2E4_z6HmKHFNryOc" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Deposit</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">41,987</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_406_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_maBCRIAz2E4_zxMfT7IibEa2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Property and Equipment, net</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">47,890</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40B_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets_iI_maBCRIAz2E4_z0lZlxFG4zzh" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Operating lease right-of-use assets, net</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">379,424</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_406_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets_iTI_mtBCRIAz2E4_maBCRIAzN1z_zGAL5CA8hU8b" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Total assets acquired</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">493,476</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Liabilities assumed:</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities_iNI_di_maBCRIAzr0v_zBpfecXSaTD7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Current liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">$</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">(2,680</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_402_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRelatedParty_iNI_di_maBCRIAzr0v_zkPscwLXwYx6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Due to related party</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">(429,962</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_403_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation_iNI_di_maBCRIAzr0v_znHn9rMA98tj" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Operating lease liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(411,150</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_401_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_iNTI_di_mtBCRIAzr0v_msBCRIAzN1z_zpmMy20FZ51" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Total liabilities assumed</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(843,792</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_409_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_iTI_mtBCRIAzN1z_zZQ97PCTAJ15" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Net assets acquired</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">(350,316</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">)</td></tr> <tr id="xdx_405_eus-gaap--Goodwill_iI_zhuSCHhng6i1" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Goodwill</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">353,616</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Total purchase consideration</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">3,300</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> </table>

3300

24175

41987

47890

379424

493476

2680

429962

411150

843792

-350316

353616

3300

The following table summarizes changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023. SCHEDULE OF GOODWILL <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="white-space: nowrap; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20240101__20241231__us-gaap--BusinessAcquisitionAxis__custom--HapiCafeCoLtdMember_zWbTCm18WHE" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31, 2024</td><td style="white-space: nowrap; padding-bottom: 1pt"> </td><td style="white-space: nowrap; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--HapiCafeCoLtdMember_zHiI9LfY7a8g" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31, 2023</td><td style="white-space: nowrap; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr id="xdx_40B_eus-gaap--Goodwill_iS_zs62xnRXDzgb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: left">Balance at beginning of the year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">60,273</td><td style="width: 2%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">60,343</td><td style="width: 2%; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--GoodwillAcquiredDuringPeriod_zbSI9Zplo4Rg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Add: acquisition of HCTW</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">353,616</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--GoodwillImpairmentLoss_iN_di_zCx5yFjStTQh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Less: impairment loss of goodwill of HCTW</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(353,616</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--ImpairmentLossOfGoodwillOfAcquisition_iN_di_z2wWYBrgmTji" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Less: impairment loss of goodwill of MOC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(60,624</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--GoodwillForeignCurrencyTranslationGainLoss_z6ZHSg06dn6c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Foreign currency exchange adjustment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">351</td><td style="padding-bottom: 1pt; text-align: left"></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(70</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--Goodwill_iE_zVPCY9BazIw8" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Balance as of end of the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">60,273</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

60273

60343

353616

60624

351

-70

60273

Note 11. LEASES The Company has operating leases for its F&B stores and warehouse in Hong Kong. The related lease agreements do not contain any material residual value guarantees or material restrictive covenants. Since the Company’s leases do not provide an implicit rate that can be readily determined, management uses a discount rate based on the incremental borrowing rate. The Company’s weighted-average remaining lease term relating to its operating leases are 2.96 years, with a weighted-average discount rate of the 3.08%. The current portion of operating lease liabilities and the non-current portion of operating lease liabilities are presented on the balance sheets. Total lease expenses amounted to $18,284 and $7,452, which were included in general and administrative expenses in the statements of operations for the years ended December 31, 2024 and 2023, respectively. Total cash paid for operating leases amounted to $267,019 and $91,444 for the years ended December 31, 2024 and 2023, respectively. Supplemental balance sheet information related to operating leases is as follows: SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO OPERATING LEASES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" id="xdx_496_20241231_zYJb3H1PlVM4" style="border-bottom: black 1pt solid; white-space: nowrap; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">December 31, 2024</td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" id="xdx_498_20231231_zZnHQf9VQibb" style="border-bottom: black 1pt solid; white-space: nowrap; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">December 31, 2023</td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_408_eus-gaap--OperatingLeaseRightOfUseAsset_iI_zjw7pken81A7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 58%; padding-bottom: 0pt">Right-of-use assets</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right; padding-bottom: 0pt">520,119</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right; padding-bottom: 0pt">267,727</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeaseLiabilityCurrent_iI_maOLLzrsQ_zDws9jQ9rUC6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Lease liabilities - current</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">191,234</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">148,088</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_402_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_maOLLzrsQ_z43eLXlUGAm2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Lease liabilities - non-current</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">370,898</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">126,810</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingLeaseLiability_iTI_mtOLLzrsQ_zO9eQdIpLooe" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Total lease liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">562,132</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">274,898</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> </table> As of December 31, 2024, the aggregate future minimum rental payments under non-cancelable agreements are as follows: SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS UNDER NON-CANCELABLE AGREEMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Maturity of Lease Liabilities</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20241231_z42aM1XIHGs1" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzB4p_zfRl9sy4CFC4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">12 months ending December 31, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">205,152</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_maLOLLPzB4p_zZko1dws5Oh7" style="vertical-align: bottom; background-color: White"> <td>12 months ending December 31, 2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">203,011</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_maLOLLPzB4p_z0tb0MDQe4Xc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>12 months ending December 31, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">138,441</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_maLOLLPzB4p_zZXubQt1RQv4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">12 months ending December 31, 2028</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right">30,747</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_maLOLLPzB4p_zCsHDGzugQ42" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">12 months ending December 31, 2029</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,414</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzB4p_zrKQAkG0Ymgd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total undiscounted lease payments</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">587,765</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_zEXBPX976fl7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Less: Imputed interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(25,633</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeaseLiability_iI_znayDL7Pslcg" style="vertical-align: bottom; background-color: White"> <td>Present value of lease liabilities</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">562,132</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeaseLiabilityCurrent_iI_zWt4R47h8qkg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating lease liabilities - current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">191,234</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_zyJPmtovYGdb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Operating lease liabilities - non-current</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">370,898</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

P2Y11M15D

0.0308

18284

7452

267019

91444

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO OPERATING LEASES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" id="xdx_496_20241231_zYJb3H1PlVM4" style="border-bottom: black 1pt solid; white-space: nowrap; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">December 31, 2024</td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" id="xdx_498_20231231_zZnHQf9VQibb" style="border-bottom: black 1pt solid; white-space: nowrap; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 0pt">December 31, 2023</td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: justify; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_408_eus-gaap--OperatingLeaseRightOfUseAsset_iI_zjw7pken81A7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 58%; padding-bottom: 0pt">Right-of-use assets</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right; padding-bottom: 0pt">520,119</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right; padding-bottom: 0pt">267,727</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 2%; padding-bottom: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeaseLiabilityCurrent_iI_maOLLzrsQ_zDws9jQ9rUC6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Lease liabilities - current</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">191,234</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; text-align: right; padding-bottom: 0pt">148,088</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_402_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_maOLLzrsQ_z43eLXlUGAm2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Lease liabilities - non-current</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">370,898</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">126,810</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingLeaseLiability_iTI_mtOLLzrsQ_zO9eQdIpLooe" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt">Total lease liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">562,132</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">$</td> <td style="border-bottom: black 1pt solid; padding-top: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 0pt">274,898</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt"> </td></tr> </table>

520119

267727

191234

148088

370898

126810

562132

274898

As of December 31, 2024, the aggregate future minimum rental payments under non-cancelable agreements are as follows: SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS UNDER NON-CANCELABLE AGREEMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Maturity of Lease Liabilities</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20241231_z42aM1XIHGs1" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzB4p_zfRl9sy4CFC4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">12 months ending December 31, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">205,152</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_maLOLLPzB4p_zZko1dws5Oh7" style="vertical-align: bottom; background-color: White"> <td>12 months ending December 31, 2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">203,011</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_maLOLLPzB4p_z0tb0MDQe4Xc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>12 months ending December 31, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">138,441</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_maLOLLPzB4p_zZXubQt1RQv4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">12 months ending December 31, 2028</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right">30,747</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_maLOLLPzB4p_zCsHDGzugQ42" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">12 months ending December 31, 2029</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,414</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzB4p_zrKQAkG0Ymgd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total undiscounted lease payments</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">587,765</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_zEXBPX976fl7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Less: Imputed interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(25,633</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeaseLiability_iI_znayDL7Pslcg" style="vertical-align: bottom; background-color: White"> <td>Present value of lease liabilities</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">562,132</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeaseLiabilityCurrent_iI_zWt4R47h8qkg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating lease liabilities - current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">191,234</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_zyJPmtovYGdb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Operating lease liabilities - non-current</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">370,898</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

205152

203011

138441

30747

10414

587765

25633

562132

191234

370898

Note 12. SUBSEQUENT EVENTS The Company has evaluated events that have occurred after the balance sheet date through the date of this report and determined that there were no subsequent events or transactions that required recognition or disclosure in the consolidated financial statements.

false false false false true Smart Reward Express Limited (“Smart Reward”) was incorporated in Hong Kong on July 13, 2021 with an issued and paid-up share capital of $1,288 comprising 10,000 ordinary shares. Hapi Cafe Limited (“HCHK”) was incorporated in Hong Kong on July 5, 2022 with an issued and paid-up share capital of $0.26 comprising 2 ordinary shares. HCHK is principally engaged in the food and beverage business in Hong Kong. Hapi Group HK Limited (“MOC”) was incorporated in Hong Kong on February 16, 2020 with an issued and paid-up share capital of $1.28 comprising 10 ordinary shares. MOC is principally engaged in the food and beverage business in Hong Kong. Hapi Cafe Ltd. is the owner of 100% of the issued and outstanding shares of MOC. This business was acquired on October 5, 2022. During the acquisition, a goodwill of $60,343 had been generated for the Company. The café was closed on September 16, 2024 and the goodwill was impaired during the year ended December 31, 2024. This company changed its name from MOC HK Limited to Hapi Group HK Limited on November 15, 2024. Guangdong LeFu Wealth Investment Consulting Co., Ltd. (“HCCN”) was incorporated in People’s Republic of China on October 10, 2022. HCCN is principally engaged in the food and beverage business in Mainland China. On December 6, 2024, this company changed its name from Shenzhen Leyouyou Catering Management Co., Ltd. to Guangdong LeFu Wealth Investment Consulting Co., Ltd. Hapi Metaverse Inc. was a subsidiary incorporated in Texas on November 28, 2022, with the same name as the Company’s current name. This subsidiary had an issued and paid-up share capital of $0.10 comprising 100 ordinary shares. This subsidiary of the Company was dissolved on August 21, 2024 with no accounting impact as it was a dormant company. Dongguan Leyouyou Catering Management Co., Ltd. (“HCDG”) was incorporated in People’s Republic of China on March 1, 2023. HCDG plans to be principally engaged in the food and beverage business in Mainland China. Guangzhou Leyouyou Catering Management Co., Ltd. (“HCGZ”) was incorporated in People’s Republic of China on May 19, 2023. HCGZ plans to be principally engaged in the food and beverage business in Mainland China. This company was dissolved on November 26, 2024 with no accounting impact as it was a dormant company. Hapi Travel Ltd. (“HTL”) was incorporated in Hong Kong on September 27, 2019. HTL is principally engaged in the travel business in Hong Kong. On December 17, 2024, this company was sold to Hapi Travel Holding Pte. Ltd. for a consideration of $82,635 with no profit for the deal. Hapi Robot Service Pte. Ltd. (“HAPL”) was incorporated in Singapore on June 30, 2023 with an issued and paid-up share capital of $2 comprising 2 ordinary shares. On November 13, 2024, this company changed its name from Hapi Acquisition Pte. Ltd. to Hapi Robot Service Pte. Ltd. NewRetail-AI Inc. was incorporated in Nevada on July 31, 2023 with an issued and paid-up share capital of $1,000 comprising 10,000,000 ordinary shares. This company was dissolved on August 21, 2024 with no accounting impact as it was a dormant company. Hapi Café Co., Ltd. (“HCTW”) was incorporated in Republic of China (Taiwan) on October 25, 2022 with an issued and paid-up share capital of $2,442 comprising 100,000 ordinary shares. HCTW is engaged in the food and beverage business in Republic of China (Taiwan). Total of depreciation expenses charged for the years ended December 31, 2024 and 2023 were $14,946 and $9,313, respectively, of which $7,975 and $6,401 were booked under cost of revenue for the years ended December 31, 2024 and 2023, respectively, and $6,971 and $2,912 were booked under general and administrative expenses for the years ended December 31, 2024 and 2023, respectively.