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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF OPERATING AND RENEWED LEASE TERMS RENTAL

 

Office Location   Lease Term as of December 31, 2022
Singapore - AI   June 2022 to May 2023
Singapore – F&B   October 2021 to September 2024
Singapore – Four Seasons Park   July 2022 to July 2024
Singapore – Hapi Cafe   July 2022 to June 2024
Singapore - PLQ   December 2022 to July 2024
Hong Kong   October 2022 to October 2024
Hong Kong - Warehouse   November 2022 to October 2024
Hong Kong - Shop   October 2022 to September 2024
South Korea - Hapi Café   August 2022 to August 2025
South Korea - HWH World   August 2022 to July 2025
Magnolia, Texas, USA   May 2022 to January 2023
Bethesda, Maryland, USA   January 2021 to March 2024
SCHEDULE OF LEASE PAYMENTS

The table below summarizes future payments due under these leases as of December 31, 2022.

 

For the Years Ended December 31:

 

      
2023  $944,807 
2024   656,668 
2025   195,811 
Total Minimum Lease Payments   1,797,287 
Less: Effect of Discounting   (169,248)
Present Value of Future Minimum Lease Payments   1,628,039 
Less: Current Obligations under Leases   (45,556)
Long-term Lease Obligations  $1,582,483