SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

16. SEGMENT INFORMATION

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. 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.

The Company had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

By Geography:

	For the six months ended June 30, 2023
	US			Malaysia			Total
Revenue	$	-		$	12,000		$	12,000
Cost of revenue		-			-			-
Depreciation and amortization	$	-		$	10,208		$	10,208
Loss before income tax	$	(41,067	)	$	(41,052	)	$	(82,119	)
Total assets	$	-		$	39,274		$	39,274

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

	For the six months ended June 30, 2022
	US			Malaysia		Total
Revenue		-			48,000		48,000
Cost of revenue		-			-		-
Depreciation and amortization		-			9,666		9,666
Loss before income tax	$	(167,024	)	$	15,988	$	(151,036	)
Total assets	$	-		$	270,050	$	270,050

* Revenues and costs are attributed to countries based on the location of customers.