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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE-24 SUBSEQUENT EVENTS

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after June 30, 2022, up through August 17, 2022 the Company issued the unaudited condensed consolidated financial statements.

On July 7, 2022, the Company, through its wholly-owned subsidiary, Thoughtful Media Group Incorporated, a Nevada corporation (the “Buyer"), acquired from AdActive Media Group, Inc., a Delaware corporation (the “Seller”), (i) all of the outstanding capital stock of AdActive Media CA, Inc., a California corporation (the “CA Sub”), and (ii) 99.75% of all of the outstanding capital stock of Thoughtful Thailand Limited, a Thailand corporation. The consideration paid to the Seller by the Company and the Buyer, included in a Stock Purchase Agreement, among the Company, Buyer and Seller (the “Stock Purchase Agreement”), was 609,327 shares of the Company’s common stock. The Company also issued the Seller a warrant, expiring on July 7, 2023, to purchase 203,109 shares of the Company’s common stock at an exercise price of $2.1335. The Company also assumed two loans, with a principal balance of $300,000 not including interest, payable by the Seller and the CA Sub (“Assumed Liabilities”). The Seller, however, agreed to indemnify the Company if the Parent or Buyer make payments for any liabilities of the Buyer and the CA sub greater than $700,000, including the Assumed Loans.

On July 1, 2022, the Company through the subsidiary “Leflair Incorporated” issued a warrant to purchase 5,900,000 shares of our common stock to Sopa Capital Limited, an entity that is owned by our Chairman and officers of SoPa, for services to be provided by Sopa Capital Limited for identifying sources of investment capital for the Company and identifying merger candidates among other services. The warrant gives such entity the right to purchase the 5,900,000 shares of our common stock at a purchase price of $0.60, shall not be effective until October 1, 2022, and shall expire on July 1, 2027. 

On July 20, 2022, the Company, through its wholly-owned subsidiary, New Retail Experience Incoroproated, a Philippines corporation (“ the Buyer”) acquired Mangan PH Food Delivery Services Corp., a corporation registered in Philippines at a consideration price of US$400,000. The consideration price will be settled by US$132,000 in cash and $268,000 in Company share at issued date price. On July 19, 2022, the Company has issued 69,072 shares to settle first tranche US$134,000 at US$1.94 per share.