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COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF OPERATING AND RENEWED LEASE TERMS RENTAL

Office Location   Lease Term as of September 30, 2024
Singapore - AI   June 2023 to May 2026
Singapore – F&B   October 2024 to September 2027
Singapore – Four Seasons Park   July 2022 to September 2024
Singapore – Hapi Cafe   July 2024 to June 2026
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 Cafe   August 2022 to August 2025
South Korea – HWH World   August 2022 to July 2025
South Korea - Cafe   April 2024 to February 2027
Bethesda, Maryland   April 2024 to March 2027
China - Cafe   December 2023 - November 2024
China - Office   March 2023 – March 2027
China - Shop   June 2024 to April 2029
Taiwan - Cafe   May 2024 to October 2027
SCHEDULE OF LEASE PAYMENTS

The table below summarizes future payments due under these leases as of September 30, 2024.

 

For the Twelve Months Ending September 30:

 

      
2025  $971,359 
2026   584,477 
2027   313,991 
2028   40,951 
2029   18,372 
Total Minimum Lease Payments  $1,929,150 
Less: Effect of Discounting   (26,029)
Present Value of Future Minimum Lease Payments   1,903,121 
Less: Current Obligations under Leases   (941,356)
Long-term Lease Obligations  $961,765