SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

SCHEDULE OF SUBSIDIARIES

The Company’s condensed consolidated financial statements include the financial position, results of operations and cash flows of the following entities as of March 31, 2024 and December 31, 2023, as follows:

Name of subsidiary	State or other jurisdiction of incorporation or	Attributable interest as of,
consolidated under AEI	organization	March 31, 2024			December 31, 2023
		%			%
Alset Global Pte. Ltd.	Singapore		100			100
Alset Business Development Pte. Ltd.	Singapore		100			100
Global eHealth Limited	Hong Kong		100			100
Alset International Limited	Singapore		85.5			85.5
Singapore Construction & Development Pte. Ltd.	Singapore		85.5			85.5
Singapore Construction Pte. Ltd.	Singapore		85.5			85.5
Global BioMedical Pte. Ltd.	Singapore		85.5			85.5
Health Wealth Happiness Pte. Ltd.	Singapore		73.6			74.6
SeD Capital Pte. Ltd.	Singapore		85.5			85.5
LiquidValue Asset Management Pte. Ltd.	Singapore		85.5			85.5
Alset Solar Limited	Hong Kong		85.5			85.5
Alset F&B One Pte. Ltd	Singapore		66.2			67.1
BMI Capital Partners International Limited.	Hong Kong		85.5			85.5
SeD Perth Pty. Ltd.	Australia		85.5			85.5
SeD Intelligent Home Inc.	United States of America		85.5			85.5
LiquidValue Development Inc.	United States of America		85.4			85.4
Alset EHome Inc.	United States of America		85.4			85.4
SeD USA, LLC	United States of America		85.4			85.4
150 Black Oak GP, Inc.	United States of America		85.4			85.4
SeD Development USA Inc.	United States of America		85.4			85.4
150 CCM Black Oak, Ltd.	United States of America		85.4			85.4
SeD Texas Home, LLC	United States of America		100			100
SeD Ballenger, LLC	United States of America		85.4			85.4
SeD Maryland Development, LLC	United States of America		71.4			71.4
SeD Development Management, LLC	United States of America		72.6			72.6
SeD Builder, LLC	United States of America		85.4			85.4
Hapi Metaverse Inc.	United States of America		99.6			99.6
HotApp BlockChain Pte. Ltd.	Singapore		99.6			99.6
HotApp International Limited	Hong Kong		99.6			99.6
SeD REIT Inc.	United States of America		85.4			85.4
HWH World Inc.	United States of America		73.6			74.6
HWH World Pte. Ltd.	Singapore		73.6			74.6
UBeauty Limited	Hong Kong		85.5			85.5
HWH World Limited	Hong Kong		73.6			74.6
HWH World Inc.	Korea		73.6			74.6
Alset Energy Inc.	United States of America		85.5			85.5
NewRetail-AI Inc.	United States of America		99.6			99.6
BioHealth Water Inc.	United States of America		85.5			85.5
Impact BioHealth Pte. Ltd.	Singapore		85.5			85.5
American Home REIT Inc.	United States of America		100			100
Alset Solar Inc.	United States of America		68.3			68.3
HWH KOR Inc.	United States of America		73.6			74.6
Alset Capital Inc.	United States of America		100			100
Hapi Cafe Inc. (Texas)	United States of America		73.6			74.6
HWH (S) Pte. Ltd.	Singapore		85.5			85.5
LiquidValue Development Pte. Ltd.	Singapore		100			100
LiquidValue Development Limited	Hong Kong		100			100
Alset F&B Holdings Pte. Ltd.	Singapore		73.6			74.6
Credas Capital Pte. Ltd.	Singapore		64.1			64.1
Credas Capital GmbH	Switzerland		64.1			64.1
Smart Reward Express Limited	Hong Kong		74.1			74.1
AHR Texas Two LLC	United States of America		100			100
AHR Black Oak One LLC	United States of America		85.4			85.4
AHR Texas Three, LLC	United States of America		100			100
Hapi Cafe Korea, Inc.	Korea		73.6			74.6
Alset Management Group Inc.	United States of America		83.5			83.5
Alset Acquisition Sponsor, LLC	United States of America		93.5			93.5
HWH International Inc. (f.k.a. Alset Capital Acquisition Corp.)	United States of America		73.6			53.7
Alset Spac Group Inc.	United States of America		93.5			93.5
Alset eVehicle Pte. Ltd. (f.k.a. Alset Mining Pte. Ltd.)	Singapore		85.5			85.5
Hapi Travel Pte. Ltd.	Singapore		73.6			74.6
Hapi WealthBuilder Pte. Ltd.	Singapore		73.6			74.6
HWH Marketplace Pte. Ltd.	Singapore		73.6			74.6
HWH International Inc. (Nevada)	United States of America		73.6			74.6
Hapi Cafe SG Pte. Ltd.	Singapore		73.6			74.6
Alset Reits Inc.	United States of America		100			100
Hapi Metaverse Inc. (Texas)	United States of America		99.6			99.6
Hapi Cafe Limited	Hong Kong		99.6			99.6
MOC HK Limited	Hong Kong		99.6			99.6
AHR Texas Four, LLC	United States of America		100			100
Alset F&B (PLQ) Pte. Ltd.	Singapore		73.6			74.6
Hapi Cafe Sdn. Bhd.	Malaysia		73.6			74.6
Shenzhen Leyouyou Catering Management Co., Ltd.	China		99.6			99.6
Dongguan Leyouyou Catering Management Co., Ltd.	China		99.6			99.6
Guangzho Leyouyou Catering Management Co., Ltd.	China		99.6			99.6
Hapi Travel Ltd.	Hong Kong		99.6			99.6
Hapi Acquisition Pte. Ltd.	Singapore		99.6			99.6
Robotic Ai Trade Pte. Ltd.	Singapore		85.5			85.5
Ketomei Pte Ltd	Singapore		41.0	*		-
Hapi MarketPlace Inc.	United States of America		71.2			-
Hapi Cafe Co., Ltd.	Taiwan		99.6			-

* Although the Company indirectly holds less than 50% of shares of these entities, the subsidiaries of the Company directly hold more than 50% of shares of these entities, and therefore, they are still consolidated into the Company.

Variable Interest Entity

Variable Interest Entity

Under Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 810, Consolidation, when a reporting entity is the primary beneficiary of an entity that is a variable interest entity (“VIE”), as defined in ASC 810, the VIE must be consolidated into the financial statements of the reporting entity. The determination of which owner is the primary beneficiary of a VIE requires management to make significant estimates and judgments about the rights, obligations, and economic interests of each interest holder in the VIE.

The Company evaluates its interests in VIEs on an ongoing basis and consolidates any VIE in which it has a controlling financial interest and is deemed to be the primary beneficiary. A controlling financial interest has both of the following characteristics: (i) the power to direct the activities of the VIE that most significantly impact its economic performance; and (ii) the obligation to absorb losses of the VIE that could potentially be significant to it or the right to receive benefits from the VIE that could be significant to the VIE.