New Momentum (NNAX) 10-Q 16 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover	3 Months Ended
	Mar. 31, 2022shares
Cover [Abstract]
Entity Registrant Name	NEW MOMENTUM CORPORATION
Entity Central Index Key	0001132509
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Entity Common Stock Shares Outstanding	176,168,548
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-52273
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	88-0435998
Entity Interactive Data Current	Yes
Entity Address Address Line 1	150 Cecil Street
Entity Address Address Line 2	#08-01
Entity Address Postal Zip Code	069543
City Area Code	65
Local Phone Number	3105 1428
Entity Address Country	SG

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 25,548	$ 15,609
Accounts receivable	834	15,773
Deposits, prepayments and other receivables	21,601	19,708
Total current assets	47,983	51,090
Non-current asset:
Right-of-use asset	18,715	25,060
TOTAL ASSETS	66,698	76,150
Current liabilities:
Accounts payable	598	15,696
Accrued liabilities and other payables	70,767	56,555
Amount due to a director	302,446	286,327
Lease liabilities	19,476	25,671
Total current liabilities	393,287	384,249
TOTAL LIABILITIES	393,287	384,249
Commitments and contingencies	0	0
SHAREHOLDERS' DEFICIT
Preferred stock, Class A, $0.001 par value; 175,000,000 shares authorized; 1 share issued and outstanding as of March 31, 2022 and December 31, 2021	0	0
Common stock, $0.0001 par value; 500,000,000 shares authorized; 176,168,548 shares issued and outstanding as of March 31, 2022 and December 31, 2021	176,169	176,169
Additional paid in capital	4,358,612	4,358,612
Accumulated other comprehensive losses	837	(272)
Accumulated losses	(4,862,207)	(4,842,608)
Shareholders' deficit	(326,589)	(308,099)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	$ 66,698	$ 76,150

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Common stock par value	$ 0.0001	$ 0.0001
Common stock, Shares authorized	500,000,000	500,000,000
Common stock, Shares issued	176,168,548	176,168,548
Common stock, Shares outstanding	176,168,548	176,168,548
Preferred Class A Stock
Preferred stock par value	$ 0.001	$ 0.001
Preferred stock, Shares authorized	175,000,000	175,000,000
Preferred stock, Shares issued	1	1
Preferred stock, Shares outstanding	1	1

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)
Revenue, net	$ 2	$ 338,949
Cost of revenue	0	(337,826)
Gross profit	2	1,123
Operating expenses:
General and administrative expenses	(26,330)	(18,475)
Legal and professional fee	(6,084)	(19,884)
Total operating expenses	(32,414)	(38,359)
Other (expense) income
Interest expense		(2,172)
Sundry income	12,813	0
Total other income (expense)	12,813	(2,172)
LOSS BEFORE INCOME TAXES	(19,599)	(39,408)
Income tax expense	0	0
NET LOSS	(19,599)	(39,408)
Other comprehensive income:
Foreign currency translation gain	1,109	309
COMPREHENSIVE LOSS	$ (18,490)	$ (39,099)
Basic and diluted weighted average shares outstanding	219,614,098	340,268,500
Basic and diluted net loss per share	$ 0	$ 0

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net loss	$ (19,599)	$ (39,408)
Adjustment to reconcile net loss to net cash used in operating activities:
Amortization of convertible note discount	0	667
Depreciation of right-of-use asset	6,259	5,038
Non-cash lease expense	626	0
Change in operating assets and liabilities:
Accounts receivable	14,939	(113)
Deposits, prepayments and other receivables	(1,893)	0
Accounts payable	(15,098)	0
Accrued liabilities and other payables	14,212	(1,282)
Lease liabilities	0	632
Net cash used in operating activities	(554)	(34,466)
Cash flows from financing activities:
Advances from a director	16,119	18,891
Payment of lease liabilities	(6,732)	(6,774)
Net cash provided by financing activities	9,387	12,117
Effect on exchange rate change on cash and cash equivalents	1,106	365
Net change in cash and cash equivalents	9,939	(21,984)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	15,609	64,496
CASH AND CASH EQUIVALENTS, END OF PERIOD	25,548	42,512
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for tax	0	0
Cash paid for interest	$ 0	$ 0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS DEFICIT (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated other comprehensive loss	Accumulated Losses
Balance, shares at Dec. 31, 2020		340,268,500
Balance, amount at Dec. 31, 2020	$ (160,860)	$ 340,269	$ 4,054,600	$ (884)	$ (4,554,845)
Foreign currency translation adjustment	309	0	0	309	0
Net loss for the period	(39,408)	$ 0	0	0	(39,408)
Balance, shares at Mar. 31, 2021		320,868,500
Balance, amount at Mar. 31, 2021	(199,959)	$ 320,869	4,054,600	(575)	(4,594,253)
Balance, shares at Dec. 31, 2021		176,168,548
Balance, amount at Dec. 31, 2021	(308,099)	$ 176,169	4,358,612	(272)	(4,842,608)
Foreign currency translation adjustment	1,109	0	0	1,109	0
Net loss for the period	(19,599)	$ 0	0	0	(19,599)
Balance, shares at Mar. 31, 2022		176,168,548
Balance, amount at Mar. 31, 2022	$ (326,589)	$ 176,169	$ 4,358,612	$ 837	$ (4,862,207)

DESCRIPTION OF BUSINESS AND ORG

DESCRIPTION OF BUSINESS AND ORGANIZATION	3 Months Ended
	Mar. 31, 2022
DESCRIPTION OF BUSINESS AND ORGANIZATION
DESCRIPTION OF BUSINESS AND ORGANIZATION	1. DESCRIPTION OF BUSINESS AND ORGANIZATION New Momentum Corporation (the “Company”) was incorporated under the law of the State of Nevada on July 1, 1999. The Company through its subsidiaries, mainly operates a smartphone application to provide the online platform with “ Book Now, Pay Later Description of subsidiar ies Name Place of incorporation and kind of legal entity Principal activities Particulars of registered/ paid up share capital Effective interest held NEMO Holding Company Limited (“NHCL”) British Virgin Islands Investment holding 10,000 ordinary shares at par value of US$1 100% Gagfare Limited (“GL”) Hong Kong Travel agency 500,000 ordinary shares of HK$500,000 100% Beyond Blue Limited (“BBL”) Hong Kong Event organizer 1 ordinary share of HK$1 100% New Momentum Asia Pte. Ltd. (“NMAPL”) Singapore Investment holding 1 ordinary share of SGD 1 100% JPOPCOIN Limited (“JL”) Hong Kong Administrative service 5 ordinary shares of HK$5 100% The Company and its subsidiaries are hereinafter referred to as (the “Company”).

GOING CONCERN UNCERTAINTIES

GOING CONCERN UNCERTAINTIES	3 Months Ended
	Mar. 31, 2022
GOING CONCERN UNCERTAINTIES
GOING CONCERN UNCERTAINTIES	2. GOING CONCERN UNCERTAINTIES The accompanying condensed consolidated financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has suffered from shareholders’ deficit of $326,589 and net current liabilities of $345,304 as of March 31, 2022. In addition, with respect to the ongoing and evolving coronavirus (COVID-19) outbreak, which was designated as a pandemic by the World Health Organization on March 11, 2020, the outbreak has caused substantial disruption in international economies and global trades and if repercussions of the outbreak are prolonged, could have a significant adverse impact on the Company’s business. The continuation of the Company as a going concern through the next twelve months is dependent upon the continued financial support from its shareholders. Management believes the Company is currently pursuing additional financing for its operations. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These unaudited condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result in the Company not being able to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying condensed consolidated financial statements and notes. · Basis of presentation These accompanying condensed consolidated financial statements have been prepared in U.S. Dollars in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the financial statements not misleading have been included. Operating results for the interim period ended March 31, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2022. The information included in this Form 10-Q should be read in conjunction with Management’s Discussion and Analysis, and the financial statements and notes thereto included in the Company’s Form 10-K, as filed with the SEC on April 18, 2022. · Use of estimates and assumptions In preparing these unaudited condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates. · Basis of consolidation The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation. · Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. · Accounts receivable Accounts receivable are recorded at the invoiced amount and do not bear interest, which are due within contractual payment terms, generally 30 to 90 days from completion of service. Credit is extended based on evaluation of a customer’s financial condition, the customer credit-worthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectibility. At the end of fiscal year, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company will consider the allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For the receivables that are past due or not being paid according to payment terms, the appropriate actions are taken to exhaust all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. As of March 31, 2022 and December 31, 2021, there was no allowance for doubtful accounts. · Revenue recognition The Company recognizes revenue from its contracts with customers in accordance with Accounting Standards Codification (“ASC”) 606 – Revenue from Contracts with Customers . Under ASC 606, a performance obligation is a promise within a contract to transfer a distinct good or service, or a series of distinct goods and services, to a customer. Revenue is recognized when performance obligations are satisfied and the customer obtains control of promised goods or services. The amount of revenue recognized reflects the consideration to which the Company expects to be entitled to receive in exchange for goods or services. Under the standard, a contract’s transaction price is allocated to each distinct performance obligation. To determine revenue recognition for arrangements that the Company determines are within the scope of ASC 606, the Company performs the following five steps: · identify the contract with a customer; · identify the performance obligations in the contract; · determine the transaction price; · allocate the transaction price to performance obligations in the contract; and · recognize revenue as the performance obligation is satisfied. The Company records its revenue from booking income upon the ticket booking service is rendered to travelers. The Company also records its revenue from the sale of air tickets upon the confirmation and issuance of tickets to the travelers. · Income taxes The Company adopted the ASC 740 Income tax The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances as management deems necessary. · Uncertain tax positions The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the ASC 740 provisions of Section 740-10-25 for the three months ended March 31, 2022 and 2021. · Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the condensed consolidated statement of operations. The reporting currency of the Company is United States Dollar (“US$”) and the accompanying condensed consolidated financial statements have been expressed in US$. In addition, the Company is operating in Hong Kong and maintain its books and record in its local currency, Hong Kong Dollars (“HKD”), which is a functional currency as being the primary currency of the economic environment in which their operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from HKD into US$ has been made at the following exchange rates for the three months ended March 31, 2022 and 2021: March 31, 2022 March 31, 2021 Period-end HKD:US$ exchange rate 0.1277 0.1286 Period average HKD:US$ exchange rate 0.1281 0.1289 Period-end SGD:US$ exchange rate 0.7386 0.7433 Period average SGD:US$ exchange rate 0.7396 0.7507 · Comprehensive income ASC Topic 220, “ Comprehensive Income · Leases The Company adopts the FASB Accounting Standards Update (“ASU”) 2016-02 “Leases (Topic 842).” for all periods presented. This standard requires lessees to recognize lease assets (“right of use”) and related lease obligations (“lease liabilities”) on the balance sheet for leases with terms in excess of 12 months. The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities in the consolidated balance sheets. Finance leases are included in finance lease ROU assets and finance lease liabilities in the consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease and finance lease ROU assets and liabilities are recognized at January 1, 2019 based on the present value of lease payments over the lease term discounted using the rate implicit in the lease. In cases where the implicit rate is not readily determinable, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Lease expense for lease payments is recognized on a straight-line basis over the lease term. · Related parties The Company follows the ASC 850-10, Related Party Pursuant to section 850-10-20 the related parties include a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of section 825–10–15, to be accounted for by the equity method by the investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing trusts that are managed by or under the trusteeship of management; d) principal owners of the Company; e) management of the Company; f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The condensed consolidated financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of condensed consolidated or combined financial statements is not required in those statements. The disclosures shall include: a) the nature of the relationship(s) involved; b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d) amount due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement. · Commitments and contingencies The Company follows the ASC 450-20, Commitments If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s condensed consolidated financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time that these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. · Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and has adopted paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a framework for measuring fair value in generally accepted accounting principles (GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by paragraph 820-10-35-37 of the FASB Accounting Standards Codification are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash and cash equivalents, accounts receivable, deposits, prepayment and other receivables, amount due from a director and operating lease right-of-use assets, approximate their fair values because of the short maturity of these instruments. · Recent accounting pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board (“FASB”) or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on its financial position or results of operations upon adoption. In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40) Except as mentioned above, the Company does believes that other recently issued but not yet effective accounting standards, if currently adopted, would not have a material effect on the Company’s unaudited condensed consolidated financial statements.

AMOUNT DUE TO DIRECTOR

AMOUNT DUE TO DIRECTOR	3 Months Ended
	Mar. 31, 2022
AMOUNT DUE TO DIRECTOR
AMOUNT DUE TO DIRECTOR	4 . AMOUNT DUE TO DIRECTOR As of March 31, 2022 and December 31, 2021, the Company owed to its director in the amount of $302,446 and $286,327, respectively. The amounts are unsecured, non-interest bearing and have no fixed terms of repayment. Imputed interest on the loan has been assessed as not significant.

SHAREHOLDERS DEFICIT

SHAREHOLDERS DEFICIT	3 Months Ended
	Mar. 31, 2022
SHAREHOLDERS DEFICIT
SHAREHOLDERS' DEFICIT	5 . SHAREHOLDERS’ DEFICIT Preferred Stock Authorized shares The Company was authorized to issue 175,000,000 shares of Preferred Stock at par value of $0.001. Any class of preferred stock may have preferential voting rights, liquidation rights or other rights with respect to the class of common stock. These preferential rights may have anti-takeover effects and may also result in the dilution of the common shareholders; equity interest and earnings per share. As of March 31, 2022 and December 31, 2021, 1 share of Class A Preferred Stock was issued and outstanding. Common Stock Authorized shares The Company was authorized to issue 500,000,000 shares of common stock at par value of $0.0001. Issued and outstanding shares As of March 31, 2022 and December 31, 2021, 176,168,548 shares of common stock were issued and outstanding. Stock Option Plan As of March 31, 2022 and December 31, 2021, 350,000 shares remain to be issued under the Plan.

INCOME TAX

INCOME TAX	3 Months Ended
	Mar. 31, 2022
INCOME TAX
INCOME TAX	6 . INCOME TAX The Company mainly operates in Hong Kong that is subject to taxes in the governing jurisdictions in which it operates. The effective tax rate in the period presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate, as follows: United States of America NNAX is registered in the State of Nevada and is subject to US federal corporate income tax. The U.S. Tax Cuts and Jobs Act (the “Tax Reform Act”) was signed into law. The Tax Reform Act significantly revised the U.S. corporate income tax regime by, among other things, lowering the U.S. corporate tax rate from 35% to 21% effective January 1, 2018. The Company’s policy is to recognize accrued interest and penalties related to unrecognized tax benefits in its income tax provision. The Company has not accrued or paid interest or penalties which were not material to its results of operations for the periods presented. Deferred tax asset is not provided for as the tax losses may not be able to carry forward after a change in substantial ownership of the Company in July 2020. As of March 31, 2022, the operations in the United States of America incurred $4,675,626 of cumulative net operating losses which can be carried forward to offset future taxable income. The Tax Reform Act also changed the rules on net operating loss carry forwards. The 20-year limitation was eliminated, giving the taxpayer the ability to carry forward losses indefinitely. However, net operating loss carry forward arising after January 1, 2020, will now be limited to 80 percent of taxable income. The Company has provided for a full valuation allowance against the deferred tax assets of $981,882 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. BVI NHCL is considered to be an exempted British Virgin Islands Company and is presently not subject to income taxes or income tax filing requirements in the British Virgin Islands or the United States. Singapore NMAPL is registered in Republic of Singapore and is subject to the Singapore corporate income tax at a standard income tax rate of 17% on the assessable income arising in Singapore during its tax year. No assessable income was generated in Singapore during the three months ended March 31, 2022 and there was no provision for income tax. As of March 31, 2022, the operation in Singapore incurred $2,585 of cumulative net operating losses which can be carried forward to offset future taxable income with no expiry. The Company has provided for a full valuation allowance against the deferred tax assets of $388 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. Hong Kong GL. BBL and JL are operating in Hong Kong and are subject to the Hong Kong Profits Tax at the two-tiered profits tax rates from 8.25% to 16.5% on the estimated assessable profits arising in Hong Kong during the current year, after deducting a tax concession for the tax year. The reconciliation of income tax rate to the effective income tax rate for the three months ended March 31, 2022 and 2021 are as follows: Three months ended March 31, 2022 2021 Loss before income taxes $ (4,380 ) $ (17,805 ) Statutory income tax rate 16.5 % 16.5 % Income tax expense at statutory rate (723 ) (2,938 ) Tax adjustments 723 2,938 Income tax expense $ - $ - As of March 31, 2022, the operation in Hong Kong incurred $212,045 of cumulative net operating losses which can be carried forward to offset future taxable income with no expiry. The Company has provided for a full valuation allowance against the deferred tax assets of $34,987 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. The following table sets forth the significant components of the deferred tax assets of the Company as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Deferred tax assets: Net operating loss carryforwards - United States $ 981,882 $ 978,905 - Hong Kong 34,987 34,270 - Singapore 388 231 1,017,257 1,013,406 Less: valuation allowance (1,017,257 ) (1,013,406 ) Deferred tax assets, net $ - $ -

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2022
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	7 . RELATED PARTY TRANSACTIONS From time to time, the directors of the Company advanced funds to the Company for working capital purpose. Those advances are unsecured, non-interest bearing and had no fixed terms of repayment. Since February 1, 2016, the Company was granted with the right of use to the website and mobile application platforms by JJ Explorer Tours Limited (“JJ Explorer”), which was also controlled by the directors of the Company. Also, the Company formed a cooperation partnership with JJ Explorer whereby JJ Explorer invested to develop and maintain the operations of the Gagfare web and mobile application platforms for a term of 5 years. JJ Explorer would share 50% of the net earnings generated by the Company in the use of its web and mobile application platforms during the cooperation period. On January 31, 2021, JJ Explorer agreed to extend the term for an additional 5 years up January 31, 2026. However, the agreement was mutually terminated on February 28, 2022 and concurrently, the Company, through NMAPL entered into a Cooperation Agreement with JJ Explorer, whereby NMAPL was granted the right of use to the website and mobile application platform owned by JJ Explorer, for a term of 5 years. The Company would share 50% of its net earnings through the platform with JJ Explorer. For the three months ended March 31, 2022 and 2021, as the Company had not generated any earnings, there are no service charges and payables due to JJ Explorer. For the three months ended March 31, 2022 and 2021, the Company paid the service fee of $1,923 and $0 to certain shareholders for their service. For the three months ended March 31, 2022 and 2021, the Company paid the salary of $1,346 and $0 to the director for his service. Apart from the transactions and balances detailed elsewhere in these accompanying unaudited condensed consolidated financial statements, the Company has no other significant or material related party transactions during the periods presented.

CONCENTRATIONS OF RISK

CONCENTRATIONS OF RISK	3 Months Ended
	Mar. 31, 2022
CONCENTRATIONS OF RISK
CONCENTRATIONS OF RISK	8. CONCENTRATIONS OF RISK The Company is exposed to the following concentrations of risk: (a) Major customers For the three months ended March 31, 2022 and 2021, there were no customers exceeding 10% of the Company’s revenue. (b) Economic and political risk The Company’s major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong’s economy may influence the Company’s business, financial condition, and results of operations. (c) Exchange rate risk The Company cannot guarantee that the current exchange rate will remain steady; therefore there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of HKD converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES As of March 31, 2022, the Company has no material commitments or contingencies. As of March 31, 2022, the operating lease payment of $20,130 will become matured in the next 12 months.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	10. SUBSEQUENT EVENTS In accordance with ASC Topic 855, “ Subsequent Events

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation	These accompanying condensed consolidated financial statements have been prepared in U.S. Dollars in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the financial statements not misleading have been included. Operating results for the interim period ended March 31, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2022. The information included in this Form 10-Q should be read in conjunction with Management’s Discussion and Analysis, and the financial statements and notes thereto included in the Company’s Form 10-K, as filed with the SEC on April 18, 2022.
Use of estimates and assumptions	In preparing these unaudited condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates.
Basis of consolidation	The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.
Cash and Cash Equivalents	Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Accounts receivable	Accounts receivable are recorded at the invoiced amount and do not bear interest, which are due within contractual payment terms, generally 30 to 90 days from completion of service. Credit is extended based on evaluation of a customer’s financial condition, the customer credit-worthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectibility. At the end of fiscal year, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company will consider the allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For the receivables that are past due or not being paid according to payment terms, the appropriate actions are taken to exhaust all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. As of March 31, 2022 and December 31, 2021, there was no allowance for doubtful accounts.
Revenue Recognition	The Company recognizes revenue from its contracts with customers in accordance with Accounting Standards Codification (“ASC”) 606 – Revenue from Contracts with Customers . Under ASC 606, a performance obligation is a promise within a contract to transfer a distinct good or service, or a series of distinct goods and services, to a customer. Revenue is recognized when performance obligations are satisfied and the customer obtains control of promised goods or services. The amount of revenue recognized reflects the consideration to which the Company expects to be entitled to receive in exchange for goods or services. Under the standard, a contract’s transaction price is allocated to each distinct performance obligation. To determine revenue recognition for arrangements that the Company determines are within the scope of ASC 606, the Company performs the following five steps: · identify the contract with a customer; · identify the performance obligations in the contract; · determine the transaction price; · allocate the transaction price to performance obligations in the contract; and · recognize revenue as the performance obligation is satisfied. The Company records its revenue from booking income upon the ticket booking service is rendered to travelers. The Company also records its revenue from the sale of air tickets upon the confirmation and issuance of tickets to the travelers.
Income Taxes	The Company adopted the ASC 740 Income tax The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances as management deems necessary.
Uncertain tax positions	The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the ASC 740 provisions of Section 740-10-25 for the three months ended March 31, 2022 and 2021.
Foreign currencies translation	Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the condensed consolidated statement of operations. The reporting currency of the Company is United States Dollar (“US$”) and the accompanying condensed consolidated financial statements have been expressed in US$. In addition, the Company is operating in Hong Kong and maintain its books and record in its local currency, Hong Kong Dollars (“HKD”), which is a functional currency as being the primary currency of the economic environment in which their operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from HKD into US$ has been made at the following exchange rates for the three months ended March 31, 2022 and 2021: March 31, 2022 March 31, 2021 Period-end HKD:US$ exchange rate 0.1277 0.1286 Period average HKD:US$ exchange rate 0.1281 0.1289 Period-end SGD:US$ exchange rate 0.7386 0.7433 Period average SGD:US$ exchange rate 0.7396 0.7507
Comprehensive income	ASC Topic 220, “ Comprehensive Income
Leases	The Company adopts the FASB Accounting Standards Update (“ASU”) 2016-02 “Leases (Topic 842).” for all periods presented. This standard requires lessees to recognize lease assets (“right of use”) and related lease obligations (“lease liabilities”) on the balance sheet for leases with terms in excess of 12 months. The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities in the consolidated balance sheets. Finance leases are included in finance lease ROU assets and finance lease liabilities in the consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease and finance lease ROU assets and liabilities are recognized at January 1, 2019 based on the present value of lease payments over the lease term discounted using the rate implicit in the lease. In cases where the implicit rate is not readily determinable, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
Related parties	The Company follows the ASC 850-10, Related Party Pursuant to section 850-10-20 the related parties include a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of section 825–10–15, to be accounted for by the equity method by the investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing trusts that are managed by or under the trusteeship of management; d) principal owners of the Company; e) management of the Company; f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The condensed consolidated financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of condensed consolidated or combined financial statements is not required in those statements. The disclosures shall include: a) the nature of the relationship(s) involved; b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d) amount due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.
Commitments and contingencies	The Company follows the ASC 450-20, Commitments If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s condensed consolidated financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time that these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows.
Fair Value of Financial Instruments	The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and has adopted paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a framework for measuring fair value in generally accepted accounting principles (GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by paragraph 820-10-35-37 of the FASB Accounting Standards Codification are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. The carrying amounts of the Company’s financial assets and liabilities, such as cash and cash equivalents, accounts receivable, deposits, prepayment and other receivables, amount due from a director and operating lease right-of-use assets, approximate their fair values because of the short maturity of these instruments.
Recent Accounting Pronouncements	From time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board (“FASB”) or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on its financial position or results of operations upon adoption. In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40) Except as mentioned above, the Company does believes that other recently issued but not yet effective accounting standards, if currently adopted, would not have a material effect on the Company’s unaudited condensed consolidated financial statements.

DESCRIPTION OF BUSINESS AND O_2

DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)	3 Months Ended
	Mar. 31, 2022
DESCRIPTION OF BUSINESS AND ORGANIZATION
Schedule Of Description Of Subsidiaries	Name Place of incorporation and kind of legal entity Principal activities Particulars of registered/ paid up share capital Effective interest held NEMO Holding Company Limited (“NHCL”) British Virgin Islands Investment holding 10,000 ordinary shares at par value of US$1 100% Gagfare Limited (“GL”) Hong Kong Travel agency 500,000 ordinary shares of HK$500,000 100% Beyond Blue Limited (“BBL”) Hong Kong Event organizer 1 ordinary share of HK$1 100% New Momentum Asia Pte. Ltd. (“NMAPL”) Singapore Investment holding 1 ordinary share of SGD 1 100% JPOPCOIN Limited (“JL”) Hong Kong Administrative service 5 ordinary shares of HK$5 100%

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule Of Foreign Currencies Translation	March 31, 2022 March 31, 2021 Period-end HKD:US$ exchange rate 0.1277 0.1286 Period average HKD:US$ exchange rate 0.1281 0.1289 Period-end SGD:US$ exchange rate 0.7386 0.7433 Period average SGD:US$ exchange rate 0.7396 0.7507

INCOME TAX (Tables)

INCOME TAX (Tables)	3 Months Ended
	Mar. 31, 2022
INCOME TAX
Schedule Of Income Tax Rate	Three months ended March 31, 2022 2021 Loss before income taxes $ (4,380 ) $ (17,805 ) Statutory income tax rate 16.5 % 16.5 % Income tax expense at statutory rate (723 ) (2,938 ) Tax adjustments 723 2,938 Income tax expense $ - $ -
Schedule Of Deferred Tax Assets	March 31, 2022 December 31, 2021 Deferred tax assets: Net operating loss carryforwards - United States $ 981,882 $ 978,905 - Hong Kong 34,987 34,270 - Singapore 388 231 1,017,257 1,013,406 Less: valuation allowance (1,017,257 ) (1,013,406 ) Deferred tax assets, net $ - $ -

DESCRIPTION OF BUSINESS AND O_3

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details)	3 Months Ended
	Mar. 31, 2022shares
Nemo Holding Company limited [Member]
Place of incorporation and kind of legal entity	British Virgin Islands
Principal activities	Investment holding
Particulars of registered/ paid up share	10,000
Effective interest held	100.00%
Gagfare Limited [Member]
Place of incorporation and kind of legal entity	Hong Kong
Principal activities	Travel agency
Particulars of registered/ paid up share	500,000
Effective interest held	100.00%
Beyond Blue Limited [Member]
Place of incorporation and kind of legal entity	Hong Kong
Principal activities	Event organizer
Particulars of registered/ paid up share	1
Effective interest held	100.00%
New Momentum Asia Pte. Ltd. [Member]
Place of incorporation and kind of legal entity	Singapore
Principal activities	Investment holding
Particulars of registered/ paid up share	1
Effective interest held	100.00%
JPOPCOIN Limited [Member]
Place of incorporation and kind of legal entity	Hong Kong
Principal activities	Administrative service
Particulars of registered/ paid up share	5
Effective interest held	100.00%

GOING CONCERN UNCERTAINTIES (De

GOING CONCERN UNCERTAINTIES (Details Narrative) - USD ($)	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Shareholders' Deficit	$ (326,589)	$ (308,099)	$ (199,959)	$ (160,860)
Net Current Liabilities	393,287	$ 384,249
Going Concern [Member]
Shareholders' Deficit	(326,589)
Net Current Liabilities	$ 345,304

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
Year-end HKD:US$ exchange rate	$ 0.1277	$ 0.1286
Average HKD:US$ exchange rate	0.1281	0.1289
Year-end SGD:US$ exchange rate	0.7386	0.7433
Average SGD:US$ exchange rate	$ 0.7396	$ 0.7507

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended
	Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)
Lease term	12 years

AMOUNT DUE TO DIRECTOR (Details

AMOUNT DUE TO DIRECTOR (Details Narrative) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Amounts due to directors	$ 302,446	$ 286,327
Directors [Member]
Amounts due to directors	$ 302,446	$ 286,327

SHAREHOLDERS DEFICIT (Details N

SHAREHOLDERS DEFICIT (Details Narrative) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Common stock shares authorized	500,000,000	500,000,000
Unissued shares	350,000	350,000
Common stock par value	$ 0.0001	$ 0.0001
Common stock, Shares outstanding	176,168,548	176,168,548
Current market price		$ 0.6
Comon stock shares issued	176,168,548	176,168,548
Class A Preferred Stock [Member]
Preferred stock shares authorized	175,000,000	175,000,000
Preferred stock, Shares issued	1	1
Preferred stock, Shares outstanding	1	1
Preferred stock par value	$ 0.001	$ 0.001

INCOME TAX (Details)

INCOME TAX (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
INCOME TAX
Loss before income taxes	$ (4,380)	$ (17,805)
Statutory income tax rate	16.50%	16.50%
Income tax expense at statutory rate	$ (723)	$ (2,938)
Tax adjustments	723	2,938
Income tax expense	$ 0	$ 0

INCOME TAX (Details 1)

INCOME TAX (Details 1) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Net operating loss carryforwards	$ 1,017,257	$ 1,013,406
Less: valuation allowance	(1,017,257)	(1,013,406)
Deferred tax assets, net	0	0
United States [Member]
Net operating loss carryforwards	981,882	978,905
Hong Kong [Member]
Net operating loss carryforwards	34,987	34,270
Singapore [Member]
Net operating loss carryforwards	$ 388	$ 231

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative)	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Tax rate	21	35
Deferred tax assets	$ 0	$ 0
Hong Kong [Member]
Operating loss carryforward	212,045
Deferred tax assets	$ 34,987
Income tax rate description	the Hong Kong Profits Tax at the two-tiered profits tax rates from 8.25% to 16.5%
United States of America incurred [Member]
Operating loss carryforward	$ 4,675,626
Deferred tax assets	$ 981,882
Taxpayer limitation period	20 years
Singapore
Tax rate on Singapore	17
Operating loss carryforward	$ 2,585
Deferred tax assets	$ 388

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - Since February 1, 2016 [Member] - Cooperation partnership with JJ Explorer [Member] - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Payment for service fee	$ 1,923	$ 0
Right of use assets, term to develop web and mobile application platforms	5 years
Directors salary payment	$ 1,346	$ 0
Related Party Transaction, Terms and Manner of Settlement	JJ Explorer agreed to extend the term for an additional 5 years up January 31, 2026
Related party share in net earnings			50.00%

CONCENTRATIONS OF RISK (Details

CONCENTRATIONS OF RISK (Details Narrative)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Major Customers [Member]
Revenue percentage	10.00%	10.00%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES
Commitments and Contingencies	$ 0	$ 0
Operating lease payment	$ 20,130