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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2023
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 2023 to May 2026
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 - Office   October 2022 to October 2024
Hong Kong - Warehouse   November 2022 to October 2024
Hong Kong - Shop   October 2022 to September 2024
Hong Kong – Hapi Travel   September 2023 to August 2025
South Korea - Hapi Café   August 2022 to August 2025
South Korea - HWH World   August 2022 to July 2025
Bethesda, Maryland, USA   January 2021 to March 2024
China - Office   March 2023 to March 2027
China - Cafe   December 2023 to November 2024
SCHEDULE OF LEASE PAYMENTS

The table below summarizes future payments due under these leases as of December 31, 2023.

 

For the Years Ended December 31:

 

      
2024  $929,911 
2025   450,347 
2026   116,305 
2027   7,358 
Total Minimum Lease Payments   1,503,921 
Less: Effect of Discounting   (4,658)
Present Value of Future Minimum Lease Payments   1,499,263 
Less: Current Obligations under Leases   (903,429)
Long-term Lease Obligations  $595,834