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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and Cash Equivalents $ 27,243,787 $ 26,921,727
Restricted Cash 939,939 967,566
Account Receivables, Net 75,646 77,517
Other Receivables, Net 6,251,219 2,576,454
Note Receivables - Related Parties, Net 1,679,822 1,693,946
Prepaid Expense 207,483 253,689
Inventory 4,913 5,561
Investment in Securities at Cost 17,462 54,512
Investment in Equity Method Securities 4,331,046 7,551,153
Deposits 210,495 133,063
Total Current Assets 59,760,342 55,461,235
Real Estate    
Rental Properties 30,695,669 31,770,386
Properties under Development 10,366,766
Operating Lease Right-Of-Use Assets, Net 1,468,913 1,467,372
Deposits 272,281 337,606
Other Receivables - Long Term, Net 3,970,149 4,855,609
Cash and Marketable Securities Held in Trust Account 21,252,639
Goodwill 60,343
Property and Equipment, Net 594,623 742,072
Total Assets 96,761,977 126,314,028
Current Liabilities:    
Accounts Payable and Accrued Expenses 3,605,863 4,372,792
Deferred Underwriting Compensation 3,018,750
Deferred Revenue 2,100
Operating Lease Liabilities 531,885 673,049
Total Current Liabilities 5,476,601 8,114,304
Long-Term Liabilities:    
Operating Lease Liabilities 993,284 826,214
Notes Payable 93,241 126,182
Total Liabilities 6,563,126 9,066,700
Commitments and Contingencies
Temporary Equity    
Class A Common Stock of HWH International Inc. subject to possible redemption; 395,207 shares at approximately $51.76 per share as of December 31, 2023 [1] 20,457,011
Stockholders’ Equity:    
Preferred Stock, $0.001 par value; 25,000,000 shares authorized, none issued and outstanding
Common Stock, $0.001 par value; 250,000,000 shares authorized; 9,235,119 and 9,235,119 shares issued and outstanding on December 31, 2024 and 2023, respectively 9,235 9,235
Additional Paid in Capital 334,023,233 332,455,457
Accumulated Deficit (251,851,540) (247,885,656)
Accumulated Other Comprehensive Income (849,862) 3,609,719
Total Alset Inc. Stockholders’ Equity 81,331,066 88,188,755
Non-controlling Interests 8,867,785 8,601,562
Total Stockholders’ Equity 90,198,851 96,790,317
Total Liabilities and Stockholders’ Equity 96,761,977 126,314,028
Related Party [Member]    
Current Assets:    
Convertible Loan Receivables at Fair Value - Related Party 1,782,376 1,207,627
Investment in Securities at Fair Value 12,342,624 11,869,920
Current Liabilities:    
Notes Payable 15,794 16,869
Nonrelated Party [Member]    
Current Assets:    
Investment in Securities at Fair Value 4,673,530 2,148,500
Current Liabilities:    
Notes Payable $ 1,323,059 $ 30,744
[1] The common stock share amounts were adjusted retrospectively to reflect the 5-for-1 reverse stock split of HWH shares on February 24, 2025