SEGMENT REPORTING

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

SEGMENT REPORTING

16. SEGMENT REPORTING

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. The Company has three reportable segments based on business unit, Fintech, RPA and Regtech businesses and two reportable segments based on country, Malaysia and Non-Malaysia.

The Company adopted the ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses.

In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

	For the Three Months Ended and As of March 31, 2025
By Business Unit	Fintech			Regtech			RPA			Total
Revenue	$	157,413		$	402,601		$	61,165		$	621,179
Cost of revenue		(196,674	)		(290,298	)		(141,120	)		(628,092	)
Gross loss	$	(39,261	)	$	112,303		$	(79,955	)	$	(6,913	)
Share of loss from operation of associate		-			(1	)		-			(1	)
Selling, general and administrative expenses and other income		(124,038	)		(238,721	)		(119,790	)		(482,549	)
Loss from operations		(163,299	)		(126,419	)		(199,745	)		(489,463	)
Total assets	$	1,004,608		$	1,933,441		$	970,202		$	3,908,251
Capital expenditure	$	4,179		$	8,043		$	4,036		$	16,258

	For the Three Months Ended and As of March 31, 2025
By Country	Malaysia			Non-Malaysia			Total
Revenue	$	621,179		$	-		$	621,179
Cost of revenue		(628,092	)		-			(628,092	)
Gross loss	$	(6,913	)	$	-		$	(6,913	)
Share of loss from operation of associate		(1	)		-			(1	)
Selling, general and administrative expenses and other income		(364,643	)		(117,906	)		(482,549	)
Loss from operations		(371,557	)		(117,906	)		(489,463	)
Total assets	$	3,876,424		$	31,827		$	3,908,251
Capital expenditure	$	16,258		$	-		$	16,258

	For the Three Months Ended and As of March 31, 2024
By Business Unit	Fintech			Regtech			RPA			Total
Revenue	$	290,558		$	192,119		$	37,075		$	519,752
Cost of revenue		(249,978	)		(134,137	)		(113,709	)		(497,824	)
Gross profit	$	40,580		$	57,982		$	(76,634	)	$	21,928
Share of loss from operation of associate		-			(9,599	)		-			(9,599	)
Selling, general and administrative expenses and other income		(117,537	)		(103,172	)		(73,136	)		(293,845	)
Loss from operations		(76,957	)		(54,789	)		(149,770	)		(281,516	)
Total assets	$	1,382,841		$	1,213,827		$	860,435		$	3,457,103
Capital expenditure	$	3,202		$	2,811		$	1,993		$	8,006

	For the Three Months Ended and As of March 31, 2024
By Country	Malaysia			Non-Malaysia			Total
Revenue	$	519,752		$	-		$	519,752
Cost of revenue		(497,824	)		-			(497,824	)
Gross profit	$	21,928		$	-		$	21,928
Share of loss from operation of associate		(9,599	)		-			(9,599	)
Selling, general and administrative expenses and other income		(273,683	)		(20,162	)		(293,845	)
Loss from operations		(261,354	)		(20,162	)		(281,516	)
Total assets	$	3,425,055		$	32,048		$	3,457,103
Capital expenditure	$	8,006		$	-		$	8,006