The Company officially adopted ASC842 for the period on and after January 1, 2019 as permitted by ASU 2016-02. ASC 842 originally required all entities to use a “modified retrospective” transition approach that is intended to maximize comparability and be less complex than a full retrospective approach. On July 30, 2018, the FASB issued ASU 2018-11 to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU 2016-02 of which permits entities may elect not to recast the comparative periods presented when transitioning to ASC 842. As permitted by ASU 2018-11, the Company elect not to recast comparative periods, thusly

As of January 1, 2019, the Company recognized approximately $35,313, lease liability as well as right of use asset for all leases (with the exception of short-term leases) at the commencement date. Lease liability is measured at present value of the sum of remaining rental payment as of January 1, 2019 with discount rate of 6.70%pa adopted from Malayan Banking (Maybank) Berhad’s base lending rate as a reference for discount rate, as this bank is the largest bank and national bank of Malaysia.

A single lease cost is recognized over the lease term on a generally straight-line basis. All cash payments of operating lease cost are classified within operating activities in the statement of cash flows

The initial recognition of operating lease right and lease liability as follow:

	As of
	December 31, 2018
Gross lease payable	$	39,027
Less: imputed interest		(3,714	)
Initial recognition as of January 1, 2019	$	35,313

As of December 31, 2019 operating lease right of use as follow

Initial recognition as of January 1, 2019	$	35,313
Accumulated amortization		(11,771	)
Balance as of December 31, 2019	$	23,542

As of December 31, 2019 operating lease liability as follow

Initial recognition as of January 1, 2019	$	35,313
Less: gross repayment		(13,192	)
Add: imputed interest		2,027
Balance as of December 31, 2019	$	24,148
Less: lease liability current portion		(11,936	)
Lease liability non-current portion		12,212

The amortization of the operating lease right of use asset for the year ended December 31, 2019 was $11,618. As the Company adopt ASC 842 on and after January 1, 2019, the Company did not incur nor accrued any amortization of operating lease right for year ended December 31, 2018

As of December 31, 2019, the maturities of the operating lease obligation for each of the two years are as follows:

Years ending December 31:
2020	$	11,936
2021		12,212
Total	$	24,148

Other information:

	As of
	December 31, 2019			December 31, 2018

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating lease	$	11,012		$	-
Right of use assets obtained in exchange for operating lease liabilities		23,542			-
Remaining lease term for operating lease (years)		2			-
Weighted average discount rate for operating lease	$	6.70	%	$	-

Lease expenses for year ended December 31, 2019 was $2,001 As the Company adopt ASC 842 on and after January 1, 2019, the Company did not incur nor accrued any amortization of operating lease right for year ended December 31, 2018.