XML 173 R53.htm IDEA: XBRL DOCUMENT v3.24.3
SCHEDULE OF RESTATED CONDENSED CONSOLIDATED BALANCE SHEET (Details) - USD ($)
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Nov. 30, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Nov. 30, 2022
Dec. 31, 2021
Nov. 30, 2021
Current Assets                        
Cash $ 832,368     $ 878,803 $ 585,654         $ 1,172,581    
Account receivable, net 35,067     28,611   $ 24,189     $ 9,070   $ 2,519  
Inventory 1,894     1,977                
Other receivables, net 120,082     41,203                
Prepaid expenses 17,542     6,862                
Total Current Assets 1,750,434     957,456 703,154         1,194,624    
Non-Current Assets                        
Property and equipment, net 36,718     129,230         166,338      
Cash and marketable securities held in Trust Account       21,252,639         88,102,610    
Deposits 406,479     298,324                
Operating lease right-of-use assets, net 711,458     598,508                
Total Non-Current Assets 1,169,632     1,026,062                
TOTAL ASSETS 2,920,066     1,983,518 21,955,793         89,297,234    
Current Liabilities                        
Accounts payable and accrued expenses 446,807     137,199 632,270       60,771 376,541    
Accrued commissions 82,154     85,206                
Due to related parties, net 685,153                      
Operating lease liabilities - current 438,011     429,687                
Deferred underwriting fee payable                      
Total Current Liabilities 1,921,780     2,770,587 837,575         376,541    
Non-Current Liabilities                        
Operating lease liabilities - Non-current 286,759     182,380                
Total Non-Current Liabilities 1,249,399     182,380                
Commitments and Contingencies                  
Temporary equity:                        
Class A common stock subject to possible redemption; 1,976,036 shares (at approximately $10.35 per share) as of December 31, 2023       20,457,011         87,934,212    
Stockholders’ Equity                        
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2023                
Common stock value 2,226     10                
Additional paid in capital  4,951,123                  
Accumulated other comprehensive loss (289,586)     (197,040)         (200,039)      
Accumulated deficit (5,038,656)     (781,085) (2,357,806)       873,306 (2,032,532)    
Total HWH International Inc. Stockholders’ (deficit) equity (374,893)     (978,115) (2,357,543)         (2,032,269)    
Non-controlling interests 123,780     8,666         4,836      
Total Stockholders’ Deficit (251,113) $ (3,499,462) $ (2,967,998) (969,449) (2,357,543) $ (2,646,458) $ (2,183,356) $ (1,574,742) (1,805,434) (2,032,269) $ 1,599,667 $ 20,000
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 2,920,066     1,983,518 21,955,793         89,297,234    
Common Class A [Member]                        
Stockholders’ Equity                        
Common stock value       47         47    
Common Class B [Member]                        
Stockholders’ Equity                        
Common stock value       $ 216         $ 216    
Merger With HWH International Inc Nevada Corporation [Member]                        
Current Assets                        
Cash       878,803                
Account receivable, net       28,611                
Inventory       1,977                
Other receivables, net       41,203                
Prepaid expenses       6,862                
Total Current Assets       957,456                
Non-Current Assets                        
Property and equipment, net       129,230                
Cash and marketable securities held in Trust Account                      
Deposits       298,324                
Operating lease right-of-use assets, net       598,508                
Total Non-Current Assets       1,026,062                
TOTAL ASSETS       1,983,518                
Current Liabilities                        
Accounts payable and accrued expenses       137,199                
Accrued commissions       85,206                
Due to related parties, net       2,118,495                
Operating lease liabilities - current       429,687                
Deferred underwriting fee payable                      
Total Current Liabilities       2,770,587                
Non-Current Liabilities                        
Operating lease liabilities - Non-current       182,380                
Total Non-Current Liabilities       182,380                
Commitments and Contingencies                      
Temporary equity:                        
Class A common stock subject to possible redemption; 1,976,036 shares (at approximately $10.35 per share) as of December 31, 2023                      
Stockholders’ Equity                        
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2023                      
Common stock value       1                
Additional paid in capital        9                
Accumulated other comprehensive loss       (197,040)                
Accumulated deficit       (781,085)                
Total HWH International Inc. Stockholders’ (deficit) equity       (978,115)                
Non-controlling interests       8,666                
Total Stockholders’ Deficit       (969,449)                
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT       1,983,518                
Merger With HWH International Inc Nevada Corporation [Member] | Common Class A [Member]                        
Stockholders’ Equity                        
Common stock value                      
Merger With HWH International Inc Nevada Corporation [Member] | Common Class B [Member]                        
Stockholders’ Equity                        
Common stock value                      
Previously Reported [Member]                        
Current Assets                        
Cash       280,398                
Account receivable, net               9,070      
Inventory               34,126      
Other receivables, net               337,798      
Prepaid expenses       100,000         17,828      
Total Current Assets       380,398         2,049,910      
Non-Current Assets                        
Property and equipment, net               166,338      
Cash and marketable securities held in Trust Account       21,346,768                
Deposits               305,036      
Operating lease right-of-use assets, net               973,069      
Total Non-Current Assets       21,346,768         1,651,845      
TOTAL ASSETS       21,727,166         3,701,755      
Current Liabilities                        
Accounts payable and accrued expenses       30,155         63,354      
Accrued commissions               143,383      
Due to related parties, net       205,305                
Operating lease liabilities - current               419,303      
Deferred underwriting fee payable       3,018,750                
Total Current Liabilities       3,254,210         2,412,279      
Non-Current Liabilities                        
Operating lease liabilities - Non-current               559,330      
Total Non-Current Liabilities               559,330      
Commitments and Contingencies                      
Temporary equity:                        
Class A common stock subject to possible redemption; 1,976,036 shares (at approximately $10.35 per share) as of December 31, 2023       20,457,011                
Stockholders’ Equity                        
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2023                    
Common stock value               10      
Additional paid in capital                       
Accumulated other comprehensive loss               (195,203)      
Accumulated deficit       (1,984,318)         930,175      
Total HWH International Inc. Stockholders’ (deficit) equity       (1,984,055)         734,982      
Non-controlling interests               (4,836)      
Total Stockholders’ Deficit       (1,984,055)         730,146      
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT       21,727,166         3,701,755      
Previously Reported [Member] | Common Class A [Member]                        
Stockholders’ Equity                        
Common stock value       47                
Previously Reported [Member] | Common Class B [Member]                        
Stockholders’ Equity                        
Common stock value       216                
Restated [Member]                        
Current Assets                        
Cash       1,159,201         1,651,088      
Account receivable, net       28,611         9,070      
Inventory       1,977         34,126      
Other receivables, net       41,203         35,717      
Prepaid expenses       106,862         17,828      
Total Current Assets       1,337,854         1,945,954      
Non-Current Assets                        
Property and equipment, net       129,230         166,338      
Cash and marketable securities held in Trust Account       21,346,768                
Deposits       298,324         305,036      
Operating lease right-of-use assets, net       598,508         973,069      
Total Non-Current Assets       22,372,830         1,599,812      
TOTAL ASSETS       23,710,684         3,545,766      
Current Liabilities                        
Accounts payable and accrued expenses       167,354         60,771      
Accrued commissions       85,206         143,383      
Due to related parties, net       2,323,800                
Operating lease liabilities - current       429,687         419,303      
Deferred underwriting fee payable       3,018,750                
Total Current Liabilities       6,024,797         2,308,323      
Non-Current Liabilities                        
Operating lease liabilities - Non-current       182,380         559,330      
Total Non-Current Liabilities       182,380         559,330      
Commitments and Contingencies                      
Temporary equity:                        
Class A common stock subject to possible redemption; 1,976,036 shares (at approximately $10.35 per share) as of December 31, 2023       20,457,011                
Stockholders’ Equity                        
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2023                    
Common stock value       1         10      
Additional paid in capital        9                
Accumulated other comprehensive loss       (197,040)         (200,039)      
Accumulated deficit       (2,765,403)         873,306      
Total HWH International Inc. Stockholders’ (deficit) equity       (2,962,170)         673,277      
Non-controlling interests       8,666         4,836      
Total Stockholders’ Deficit       (2,953,504)         678,113      
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT       23,710,684         $ 3,545,766      
Restated [Member] | Common Class A [Member]                        
Stockholders’ Equity                        
Common stock value       47                
Restated [Member] | Common Class B [Member]                        
Stockholders’ Equity                        
Common stock value       $ 216