Leet Technology (LTES) 10-Q 28 Dec 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Dec. 27, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-55053
Entity Registrant Name	LEET TECHNOLOGY INC.
Entity Central Index Key	0001586495
Entity Tax Identification Number	46-3590850
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	805, 8th Floor
Entity Address, Address Line Two	Menara Mutiara Majestic
Entity Address, Address Line Three	Jalan Othman, Petaling Jaya
Entity Address, City or Town	Selangor
Entity Address, Country	MY
Entity Address, Postal Zip Code	46000
City Area Code	603
Local Phone Number	7783 1636
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		151,096,262

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current asset:
Cash	$ 14,851	$ 36,808
Accounts receivable	40,941	156,585
Deposit and other receivables	12,594	11,712
Total current assets	68,386	205,105
Non-current asset:
Plant and equipment, net	109,580	123,458
Right of use assets	0	9,046
Total non-current assets	109,580	132,504
TOTAL ASSETS	177,966	337,609
Current liabilities:
Accounts payable	482,403	530,198
Accrued liabilities and other payables	200,317	379,872
Accrued compensation payable to officers and directors	398,337	413,443
Contract liability	392,538	270,795
Amounts due to related parties	2,235,471	1,157,166
Convertible promissory note	0	99,624
Operating lease liabilities	0	9,046
Total current liabilities	3,709,066	2,860,144
TOTAL LIABILITIES	3,709,066	2,860,144
Commitments and contingencies
MEZZANINE EQUITY
Series B Convertible Preferred Stock, 10,000,000 shares authorized, $0.0001 par value, 5,898,256 and 5,898,256 issued and outstanding as of September 30, 2023 and December 31, 2022 respectively	5,567,953	5,284,837
STOCKHOLDERS’ DEFICIT
Preferred stock, 20,000,000 shares authorized, $0.0001 par value: Series A 1,000,000 authorized, issued and outstanding	100	100
Common stock, $0.0001 par value; 10,000,000,000 shares authorized; 151,096,262 and 152,899,640 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	15,110	15,290
Common stock to be cancelled	0	(100)
Additional paid-in capital	2,773,081	2,773,001
Accumulated other comprehensive income (loss)	106,131	(14,021)
Accumulated losses	(11,986,142)	(10,578,195)
Total stockholders’ deficit attributable to the Company	(9,091,720)	(7,803,925)
Non-controlling interest	(7,333)	(3,447)
Total stockholders’ deficit	(9,099,053)	(7,807,372)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 177,966	$ 337,609

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	10,000,000,000	10,000,000,000
Common stock, shares issued	151,096,262	152,899,640
Common stock, shares outstanding	151,096,262	152,899,640
Series B Convertible Preferred Stock [Member]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	5,898,256	5,898,256
Preferred stock, shares outstanding	5,898,256	5,898,256
Series A Preferred Stock [Member]
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenue	$ 34,288	$ 51,127	$ 179,424	$ 115,988
Cost of revenue (includes related party expenses, $155,986 and $468,156 for the three and nine months ended September 30, 2023, and includes related party expenses, $170,796 and $464,718 for the three and nine months ended September 30, 2022)	(155,313)	(216,837)	(457,209)	(586,782)
Gross loss	(121,025)	(165,710)	(277,785)	(470,794)
Operating expenses:
Research and development (includes related party expenses, $8,952 and $26,890 for the three and nine months ended September 30, 2023, and includes related party expenses, $9,068 and $27,133 for the three and nine months ended September 30, 2022)	(8,952)	(9,077)	(26,890)	(27,142)
General and administrative expenses (includes related party expenses, $38,341 and $160,574 for the three and nine months ended September 30, 2023, and includes related party expenses, $32,139 and $114,087 for the three and nine months ended September 30, 2022)	(194,264)	(352,059)	(847,193)	(1,306,852)
Total operating expenses	(203,216)	(361,136)	(874,083)	(1,333,994)
Loss from operations	(324,241)	(526,846)	(1,151,868)	(1,804,788)
Other income (expense):
Interest income	0	0	0	77
Interest expense	0	0	(5,546)	0
Written off of accounts receivable	418	0	(32,365)	0
Foreign exchange gain	1,877	0	17,114	0
Cybersecurity service income	14,501	0	29,403	0
Gain on disposal of subsidiaries	0	0	0	10,239
Loss on settlement with related parties	0	(471,860)	0	(471,860)
Loss on early redemption of convertible promissory note	0	0	(28,340)	0
Sundry income	73	0	42,578	111
Total other income	16,869	(471,860)	22,844	(461,433)
LOSS BEFORE INCOME TAXES	(307,372)	(998,706)	(1,129,024)	(2,266,221)
Income tax expense	0	0	0	0
NET LOSS	(307,372)	(998,706)	(1,129,024)	(2,266,221)
NET GAIN (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST	85	0	(4,193)	0
NET LOSS ATTRIBUTABLE TO THE COMPANY	(307,457)	(998,706)	(1,124,831)	(2,266,221)
Other comprehensive income:
Foreign currency translation income	93,682	265,198	120,459	531,723
COMPREHENSIVE LOSS	$ (213,690)	$ (733,508)	$ (1,008,565)	$ (1,734,498)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Cost of revenue	$ 155,313	$ 216,837	$ 457,209	$ 586,782
Research and development, related party expenses	8,952	9,077	26,890	27,142
General and administrative expenses	$ 194,264	$ 352,059	$ 847,193	$ 1,306,852
Loss per share, Basic	$ 0	$ (0.01)	$ (0.01)	$ (0.01)
Loss per share, Diluted	$ 0	$ (0.01)	$ (0.01)	$ (0.01)
Weighted average number common shares outstanding, Basic	151,096,262	152,899,640	151,787,179	152,899,640
Weighted average number common shares outstanding, Diluted	151,096,262	152,899,640	151,787,179	152,899,640
Related Party Expenses [Member]
Related Party Transaction [Line Items]
Cost of revenue	$ 155,986	$ 170,796	$ 468,156	$ 464,718
Research and development, related party expenses	8,952	9,068	26,890	27,133
General and administrative expenses	$ 38,341	$ 32,139	$ 160,574	$ 114,087

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Stock To Be Cancelled [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 100	$ 15,290	$ 0	$ 3,062,662	$ (12,530)	$ (7,834,706)	$ 0	$ (4,769,184)
Beginning balance, shares at Dec. 31, 2021	1,000,000	152,899,640	0
Foreign currency translation adjustment					33,249			33,249
Net loss for the period						(658,415)		(658,415)
Ending balance, value at Mar. 31, 2022	$ 100	$ 15,290	$ 0	3,062,662	20,719	(8,493,121)	0	(5,394,350)
Ending balance, shares at Mar. 31, 2022	1,000,000	152,899,640	0
Beginning balance, value at Dec. 31, 2021	$ 100	$ 15,290	$ 0	3,062,662	(12,530)	(7,834,706)	0	(4,769,184)
Beginning balance, shares at Dec. 31, 2021	1,000,000	152,899,640	0
Net loss for the period								(2,266,221)
Ending balance, value at Sep. 30, 2022	$ 100	$ 15,290	$ 0	3,062,662	519,193	(10,100,927)	0	(6,503,682)
Ending balance, shares at Sep. 30, 2022	1,000,000	152,899,640	0
Beginning balance, value at Mar. 31, 2022	$ 100	$ 15,290	$ 0	3,062,662	20,719	(8,493,121)	0	(5,394,350)
Beginning balance, shares at Mar. 31, 2022	1,000,000	152,899,640	0
Foreign currency translation adjustment					233,276			233,276
Net loss for the period						(609,100)		(609,100)
Ending balance, value at Jun. 30, 2022	$ 100	$ 15,290	$ 0	3,062,662	253,995	(9,102,221)	0	(5,770,174)
Ending balance, shares at Jun. 30, 2022	1,000,000	152,899,640	0
Foreign currency translation adjustment					265,198			265,198
Net loss for the period						(998,706)		(998,706)
Ending balance, value at Sep. 30, 2022	$ 100	$ 15,290	$ 0	3,062,662	519,193	(10,100,927)	0	(6,503,682)
Ending balance, shares at Sep. 30, 2022	1,000,000	152,899,640	0
Beginning balance, value at Dec. 31, 2022	$ 100	$ 15,290	$ (100)	2,773,001	(14,021)	(10,578,195)	(3,447)	(7,807,372)
Beginning balance, shares at Dec. 31, 2022	1,000,000	152,899,640	1,003,378
Dividend						(94,372)		(94,372)
Cancellation of shares		$ (100)	$ 100
Cancellation of shares, shares		(1,003,378)	(1,003,378)
Foreign currency translation adjustment					(6,116)		160	(5,956)
Net loss for the period						(506,793)	(4,028)	(510,821)
Ending balance, value at Mar. 31, 2023	$ 100	$ 15,190	$ 0	2,773,001	(20,137)	(11,179,360)	(7,315)	(8,418,521)
Ending balance, shares at Mar. 31, 2023	1,000,000	151,896,262	0
Beginning balance, value at Dec. 31, 2022	$ 100	$ 15,290	$ (100)	2,773,001	(14,021)	(10,578,195)	(3,447)	(7,807,372)
Beginning balance, shares at Dec. 31, 2022	1,000,000	152,899,640	1,003,378
Net loss for the period								(1,129,024)
Ending balance, value at Sep. 30, 2023	$ 100	$ 15,110	$ 0	2,773,081	106,131	(11,986,142)	(7,333)	(9,099,053)
Ending balance, shares at Sep. 30, 2023	1,000,000	151,096,262	0
Beginning balance, value at Mar. 31, 2023	$ 100	$ 15,190	$ 0	2,773,001	(20,137)	(11,179,360)	(7,315)	(8,418,521)
Beginning balance, shares at Mar. 31, 2023	1,000,000	151,896,262	0
Dividend						(94,372)		(94,372)
Cancellation of shares		$ (80)		80
Cancellation of shares, shares		(800,000)
Foreign currency translation adjustment					32,681		52	32,733
Net loss for the period						(310,581)	(250)	(310,831)
Ending balance, value at Jun. 30, 2023	$ 100	$ 15,110	$ 0	2,773,081	12,544	(11,584,313)	(7,513)	(8,790,991)
Ending balance, shares at Jun. 30, 2023	1,000,000	151,096,262	0
Dividend						(94,372)		(94,372)
Foreign currency translation adjustment					93,587		95	93,682
Net loss for the period						(307,457)	85	(307,372)
Ending balance, value at Sep. 30, 2023	$ 100	$ 15,110	$ 0	$ 2,773,081	$ 106,131	$ (11,986,142)	$ (7,333)	$ (9,099,053)
Ending balance, shares at Sep. 30, 2023	1,000,000	151,096,262	0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (1,129,024)	$ (2,266,221)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation on plant and equipment	8,519	29,370
Amortization on intangible assets	0	131,961
Amortization of debt discount	2,525	0
Amortization non-cash financing cost	3,020	0
Written off of accounts receivable	32,364	0
Loss on early redemption of Convertible Promissory Note	28,340	0
Loss on settlement with related parties	0	471,860
Right of use amortization	0	3,664
Gain on disposal of subsidiaries	0	(10,239)
Change in operating assets and liabilities:
Accounts receivable	77,784	(78,367)
Deposit and other receivables	(1,665)	(7,531)
Accounts payable	(15,734)	115,556
Accrued liabilities and other payables	(191,032)	11,169
Accrued compensation payable to officers and directors	10,728	60,155
Contract liability	144,042	309,005
Operating lease liabilities	0	(4,859)
Net cash used in operating activities	(1,030,133)	(1,234,477)
Cash flows from investing activities:
Purchase of plant and equipment	(1,973)	(9,509)
Disposal of cash from subsidiaries	0	(11,012)
Capitalization of development costs	0	(226,055)
Net cash used in investing activities	(1,973)	(246,576)
Cash flows from financing activities:
Advances from (repayment to) a director	830	(613)
Advances from related parties	1,169,678	1,326,148
Repayment of convertible promissory note	(113,300)	0
Net cash provided by financing activities	1,057,208	1,325,535
Effect on exchange rate change on cash	(47,059)	143,898
Net increase (decrease) in cash	(21,957)	(11,620)
CASH, BEGINNING OF PERIOD	36,808	23,192
CASH, END OF PERIOD	14,851	11,572
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Issuance of Series B Convertible Preferred Stock in exchange of balances due to related parties	0	5,190,465
Cash paid for tax	0	0
Cash paid for interest	$ 0	$ 0

DESCRIPTION OF BUSINESS AND ORG

DESCRIPTION OF BUSINESS AND ORGANIZATION	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND ORGANIZATION	1. DESCRIPTION OF BUSINESS AND ORGANIZATION Leet Technology Inc. (formerly Blow & Drive Interlock Corporation (“BDIC”)) (“the Company” or “LTES”) was incorporated on July 2, 2013 under the laws of the State of Delaware. The Company currently operates an eSports platform in Malaysia. On October 2, 2020, The Doheny Group, LLC, the former shareholder of the Company, agreed to sell its 110,617,521 shares of common stock of BDIC and 1,000,000 shares of Series A Preferred Stock pursuant to the terms of a Stock Purchase Agreement (the “Agreement”) to Mr. Dai Song. The shares represent approximately 84.83%, which is 130,397,289 shares of the issued and outstanding shares of the Company’s common stock, 100% of issued and outstanding Series A Preferred Stock, and 91.41% of the voting power of all securities of the Company, which resulted in a change in control of BDIC. In addition, under the Agreement, BDIC has agreed to sell its current assets and operations to a private company in exchange for the private company assuming all of its liabilities at closing. As of this date, the Company effectively became a shell Company through the date of the reverse recapitalization with BDIC. On November 18, 2020, the Company executed a Share Exchange Agreement (the “Share Exchange Agreement”) with Leet Technology Limited (“LTL”) and its shareholders. Pursuant to the Share Exchange Agreement, the shareholders of LTL agreed to sell its aggregate of 10,000 ordinary shares representing 100% of the issued and outstanding ordinary shares of LTL. As consideration, the shareholders of LTL were received 10,000,000 shares of the Company’s common stock. Because the Company was a shell company, LTL will comprise the ongoing operations of the combined entity and its senior management will serve as the senior management of the combined entity, LTL is deemed to be the accounting acquirer for accounting purposes. The transaction will be treated as a recapitalization of the Company. Accordingly, the consolidated assets, liabilities and results of operations of the Company will become the historical financial statements of LTL, and the Company’s assets, liabilities and results of operations will be consolidated with LTL beginning on the acquisition date. LTL was the legal acquiree but deemed to be the accounting acquirer. The Company was the legal acquirer but deemed to be the accounting acquiree in the reverse merger. The historical financial statements prior to the acquisition are those of the accounting acquirer (LTL). On August 23, 2021, the Company was approved to change its current name to Leet Technology Inc. and the trading symbol of LTES. On February 15, 2022, Leet Entertainment Group Limited transferred all 1,000 ordinary shares of Leet Entertainment Sdn. Bhd to the Company at part of the Company’s plans to restructure and simplify the corporate structure. On April 4, 2022, the Company sold all its 10,000 shares in Leet Technology Limited, with its wholly owned subsidiary Leet Entertainment Group Limited, to Mr. Song, the majority shareholder of the Company, for $10,000 as part of its plans to restructure and simplify the corporate structure. With the completion of this corporate restructure, the Company shall henceforth only have one wholly owned Malaysian subsidiary, Leet Entertainment Sdn Bhd. Prior to the corporate restructure, Leet Entertainment Group Limited, a wholly owned subsidiary of Leet Technology Limited, transferred all its assets, liabilities, and business operations to Leet Entertainment Sdn Bhd with the approval by the board of directors. There were no changes to the main business activities of the Company as a result of these transactions. On December 13, 2021, LEET Inc. was incorporated under the laws of British Virgins Islands (BVI). On July 22, 2022, the Board of Directors of the Company approved and authorized the Company to purchase all of Mr. Song's shares in LEET Inc. for a cash consideration of $1. As of July 26, 2022, LEET Inc. became a wholly owned subsidiary of the Company. On December 1, 2022, the Company acquired Leet Technology (BD) Ltd. as its direct majority-owned subsidiary from Kamal Hamidon Mohamed Ali, the Company’s Chief Financial Officer. Pursuant to the Instrument of Transfer of Shares, a total of 3900 Ordinary Shares of Leet Technology (BD) Ltd. representing 80% of the total issued and outstanding Ordinary Shares was transferred to the Company. On January 11, 2023, the Company completed its merger (the “Merger) with Leet Inc. a company incorporated under the laws of the BVI (“LEET BVI”), with LEET BVI continuing as the surviving company. The Merger was completed pursuant to an Agreement and Plan of Merger (the “Merger Agreement”), dated January 5, 2023, by and between LEET BVI and the Company. The Merger Agreement contains customary representations and warranties by each of LEET BVI and the Company. The Merger Agreement also contains customary covenants, including, among others, covenants relating to the operation of each of LEET BVI’s and the Company’s businesses during the period prior to the closing of the Merger. Pursuant to the Merger Agreement, LEET BVI and the Company caused the Merger to be consummated by filing a certificate of merger (the “Certificate of Merger”) with the Secretary of State of the State of Delaware on January 11, 2023. The Merger became effective on January 11, 2023 (the “Effective Time”), as agreed to by the parties and specified in the Certificate of Merger. Pursuant to the Merger, upon completing the Corporate Action with FINRA, each issued and outstanding share of the Company common stock/ preferred stock shall be transferred to Leet BVI and converted into one new ordinary share (“Ordinary Share”) or preferred share (“Preferred Share”) of LEET BVI, as the case may be. As a result, LEET BVI shall issue an aggregate of approximately 151,096,262 Ordinary Shares and 6,898,256 Preferred Shares to former the Company shareholders. The LEET BVI Ordinary Shares issued and outstanding immediately prior to the Effective Time remained outstanding upon the Effective Time and were unaffected by the Merger. As a result, immediately following the Merger, LEET BVI shall have approximately 151,096,262 Ordinary Shares outstanding and 6,898,256 Preferred Shares outstanding. Description of subsidiaries 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 Leet Entertainment Sdn. Bhd. Malaysia Provision of information technology and mobile application development and digital content publishing service 1,000 ordinary shares at par value of MYR1 100 LEET Inc. BVI Investment holding 1 ordinary share at par value of US$1 100 Leet Technology (BD) Ltd. Bangladesh Provision of information technology and mobile application development and digital content publishing service 100,000 ordinary shares at par value of Taka 100 80 The Company and its subsidiaries are hereinafter referred to as (the “Company”).

LIQUIDITY GOING CONCERN UNCERTA

LIQUIDITY GOING CONCERN UNCERTAINTIES	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
LIQUIDITY GOING CONCERN UNCERTAINTIES	2. LIQUIDITY GOING CONCERN UNCERTAINTIES The accompanying unaudited condensed consolidated financial statements of the Company have been prepared assuming the Company will continue as a going concern. The going concern basis of presentation assumes that the Company will continue in operation one year after the date these condensed consolidated financial statements are issued and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. The Company has determined that certain factors raise substantial doubt about its ability to continue as a going concern for a least one year from the date of issuance of these unaudited condensed consolidated financial statements. As of September 30, 2023, the Company had $ 14,851 3,640,680 11,986,142 1,129,024 The continuation of the Company as a going concern through the next twelve months is dependent upon the continued financial support from its stockholders and related parties. 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 for one year from the date of the filing of the unaudited condensed consolidated financial statements. 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	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
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 unaudited condensed consolidated financial statements and notes. Basis of presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States (“US GAAP”) for interim financial reporting, and in accordance with instructions for Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end balance sheet data was derived from audited financial statements but does not include all disclosures required by US GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 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 and disclosure of contingent assets and liabilities at the date of the financial statements during the period 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 inter-company balances and transactions within the Company have been eliminated upon consolidation. Cash Cash 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 in accordance with Accounting Standards Codification (“ASC”) 310, “Receivables.” 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 creditworthiness 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 collectability. At the end of each quarter, 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. The Company does not have any off-balance-sheet credit exposure related to its customers. As of September 30, 2023 and December 31, 2022, there were no Plant and equipment Plant and equipment are stated at historical cost less accumulated depreciation. Leasehold improvements are amortized over the lessor of the based term of the lease or 5 years of the leasehold improvement. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values: Schedule of useful lives of plant and equipment Expected useful lives Computer and equipment 5 Furniture and fixtures 5 Expenditures for repairs and maintenance are expensed as incurred. When assets have been retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations. Research and development costs Research and development costs are expensed as incurred and consist of development work associated with our existing technology, customer solutions and processes. Our research and development expenses relate primarily to payroll costs for personnel, costs associated with various projects, including testing, development and other related expenses. Impairment of long-lived assets In accordance with the provisions of ASC Topic 360, “Impairment or Disposal of Long-Lived Assets”, all long-lived assets such as plant and equipment, intangible assets, and right of use (“ROU”) assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value of the assets. There was no impairment charge for the nine months ended September 30, 2023 and 2022. Contract liability Billing practices for the Company’s contracts are governed by the contract terms of each project. Billings do not necessarily correlate with revenues recognized. The Company records contract liabilities to account for these differences in timing. The contract liability, represents the Company’s obligation to transfer goods or services to a customer for which the Company has been paid by the customer or for which the Company is obligated to perform under the contract. Revenue for future services reflected in this account are recognized, and the liability is reduced, as the Company subsequently satisfies the performance obligation under the contract. Revenue recognition The revenue of the Company is currently generated from the provision of white label solutions and esports event management and team services. The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) Topic 606 – Revenue from Contracts with Customers (“ASC 606”) when control of a product or service is transferred to a customer. 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. White Label Solutions Revenue The Company derives revenue from the provision of white label solutions. The Company offers white label, contracted licensed, solutions primarily to their information & communications technology (“ICT”) partners. The Company engages its ICT partners to utilize its Matchroom.net Platform. For customers who have their own platforms and apps being used, the Company will customize the design of Matchroom.net to meet the customer’s need and integrate, a customized solution into the customer’s system. The Matchroom.net platform and software solution is customizable to the specific needs of each customer and can be integrated across multiple platforms. On average it will take the Company three months to complete the customization of the platform for a customers use. The Company’s typical arrangement involves customizing the Matchroom.net platform solution, which requires technical programming support to build out the platform to its customers specifications. As a result, in analyzing the performance obligations being provided to the customer the Company considers the software license and customization services as a single performance obligation as required by ASC 606. In carrying out the services under these arrangements, the Company is often provided with upfront payment which is deferred and recognized into revenue over the duration of the contract. Esports Tournament Management and Team Services Revenue The Company derives revenue from esports tournament management and team services. The Company offers tournament management services to their customers, whereby they are engaged to provide the service of managing and hosting a tournament of the customer’s choice. The Company provides the required manpower and skills to host and manage an esports tournament on their own Matchroom.net platform or on the platform of the customer. The hosting and management of these tournaments on behalf of the customer is deemed to be one performance obligation and is met over the period of performance (couple of days) in which the tournament is held. The amount to be recognized as revenue equals the predetermined event management fee as per the agreement in place between the Company and the customer. The Company fulfills its performance obligation through the execution and completion of hosting the tournament, over the period of performance that being the multi-day tournament. The amount per the contract is based on the needs of the customer and the required level of manpower or skills needed for the relevant tournament. Apart from hosting the tournaments of other customers, the Company also hosts and managed their own internally held tournaments. The Company will obtain sponsorship agreements with other third-party entities whereby the Company commits to deliver certain sponsor and promotional services in exchange for consideration. Upon completion of the tournament a work completion report will be generated and communicated to the customer. Revenue will be recording pro rata during the duration of the tournament. The Company invoices its promotional partners based on the contracted services within the agreement. Disaggregation of Revenue The Company has disaggregated its revenue from contracts with customers into categories based on the nature of the revenue. The following table presents the revenue streams by segments, with the presentation revenue categories presented on the statements of operation for the periods indicated: Schedule of disaggregated revenue Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 White label solutions $ 26,560 $ 42,924 $ 142,056 $ 95,659 Esport tournament management and team services – 379 – 8,775 Matchroom Mini-app solutions 7,728 7,824 37,368 11,554 $ 34,288 $ 51,127 $ 179,424 $ 115,988 Income taxes Income taxes are determined in accordance with the provisions of ASC Topic 740, Income Taxes (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. For the year ended December 31, 2022, the Company incurred $ 20,000 The Company is subject to tax in local and foreign jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the relevant tax authorities. 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$”) and the accompanying condensed consolidated financial statements have been expressed in US$. The functional currencies of the Company’s operating subsidiaries are their local currencies Bangladeshi Taka (“TAKA”) and Malaysian Ringgit (“MYR”)). TAKA-denominated assets and liabilities are translated into the United States Dollar using the exchange rate at the balance sheet date 0.0092 0.0097 0.0094 0.21297 0.22692 0.22167 0.23427 Comprehensive income ASC Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive income, as presented in the accompanying unaudited condensed consolidated statements of changes in stockholders’ deficit, consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit. Retirement plan costs Contributions to retirement plans (which are defined contribution plans) are charged to general and administrative expenses in the accompanying unaudited condensed consolidated statements of operation as the related employee service is provided. Leases The Company accounts for leases in accordance with Topic 842, “Leases” (“ASC 842”) and determines if an arrangement is a lease at inception. Operating leases are included in operating ROU assets, other current liabilities, and operating lease liabilities in our unaudited condensed consolidated balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our unaudited condensed consolidated balance sheets. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company generally use the incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. In accordance with the guidance in ASC 842, components of a lease should be split into three categories: lease components (e.g. land, building, etc.), non-lease components (e.g. common area maintenance, consumables, etc.), and non-components (e.g. property taxes, insurance, etc.). Subsequently, the fixed and in-substance fixed contract consideration (including any related to non-components) must be allocated based on the respective relative fair values to the lease components and non-lease components. Net loss per share The Company calculates net income or loss per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income or loss per share is computed by dividing the net income or loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per share is the same as basic net loss per share when their inclusion would have an anti-dilutive effect due to the continuing net losses. The following anti-dilutive equity and debt securities were excluded from the computation of net loss per share. Schedule of anti-dilutive equity and debt securities As of September 30, 2023 December 31, 2022 (Shares) (Shares) Convertible shares 58,982,560 58,982,560 Contingencies The Company follows the ASC 450-20 to report accounting for contingencies. Certain conditions may exist as of the date the unaudited financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. 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 unaudited 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 any 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 Carrying amounts for cash, accounts receivable, deposits receivable, accounts payable, accrued liabilities, and other payables approximate their fair value because of their short-term maturity. The Company determined that the carrying amount of accrued compensation payable to officers and directors and amounts due to related parties approximates fair value as these amounts are indicative of the amounts the company would expect to settle in current market exchange. Stock based compensation The Company accounts for non-employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, which requires all share-based payments to non-employees to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital. Series B Convertible Preferred Stock The Company accounts for the Series B Convertible Preferred Stock in accordance with the guidance in ASC 480, Distinguishing Liabilities from Equity. Preferred stock subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally preferred stock (including preferred stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. Recent accounting pronouncements Accounting Standards Issued, Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that are 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.

PLANT AND EQUIPMENT

PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
PLANT AND EQUIPMENT	4. PLANT AND EQUIPMENT Plant and equipment consisted of the following: Schedule of plant and equipment As of September 30, 2023 December 31, 2022 Computer and equipment $ 132,735 $ 139,407 Furniture and fixtures 7,935 8,455 Leasehold improvements 20,036 21,348 160,706 169,210 Less: accumulated depreciation (51,126 ) (45,752 ) $ 109,580 $ 123,458 Depreciation expense for the nine months ended September 30, 2023 and 2022 were $ 8,519 29,370

LEASE LIABILITY

LEASE LIABILITY	9 Months Ended
	Sep. 30, 2023
Lease Liability
LEASE LIABILITY	5. LEASE LIABILITY The Company entered into an operating lease for office premises. The lease term is fixed for 2 1.75 The Company excludes short-term leases (those with lease terms of less than one year at inception) from the measurement of lease liabilities or right-of-use assets. The consolidated balance sheet allocation of assets and liabilities related to operating lease is as follows: Schedule of lease allocation of assets and liabilities Consolidated Balance As of Sheets Caption September 30, 2023 December 31, 2022 Assets Operating lease right-of-use assets $ – $ 9,046 Liabilities: Current Operating lease liability – current $ – $ 9,046 Non-current Operating lease liability – non-current – – Total lease liabilities $ – $ 9,046 For the nine months ended September 30, 2023 and 2022, the Company recorded lease expenses of $ 6,725 4,978

STOCKHOLDERS_ DEFICIT

STOCKHOLDERS’ DEFICIT	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
STOCKHOLDERS’ DEFICIT	6. STOCKHOLDERS’ DEFICIT Preferred Stock The Company’s articles of incorporation authorize the Company to issue up to 20,000,000 0.0001 Series A Preferred Stock The Company has been authorized to issue 1,000,000 As of September 30, 2023 and December 31, 2022, the total number of Series A preferred shares issued and outstanding was 1,000,000 Series B Convertible Preferred Stock The Company has authorized 10,000,000 As of September 30, 2023 and December 31, 2022, there was 5,898,256 Common Stock The Company has authorized 10,000,000,000 0.0001 Pursuant to the Share Exchange Agreement executed on November 18, 2020, the Company issued 10,000,000 shares of its common stock to the Shareholders of LTL in exchange for 10,000 shares of all of the outstanding ordinary shares of LTL to consummate the reverse acquisition with LTL. On September 3, 2021, the Company issued an aggregate of 7,000,000 shares of Common Stock pursuant to the terms of the 2021 Employee Stock Incentive Plan to its consultants. On June 30, 2022 Management recognized that the issuance was incorrect as it exceeded its mandate with the prior Form S-8 registration statement with respect to the allowance of shares registered. To rectify the above, the Board of Directors approved the 2022 Stock Incentive Plan for Employees and Consultants and filed Form S-8 on June 30, 2022, to register 7,000,000 shares of Common Stock. On June 30, 2022, the Company issued 7,000,000 On October 6, 2021, the Company issued 1,003,378 shares of restricted common stock to Lincoln Park Capital Fund, LLC as commitment fee pursuant to the Purchase Agreement dated on the same date. On November 3, 2022, the Company and Lincoln Park mutually agreed, in writing, to terminate the Agreements. On November 3, 2022, the Company and Lincoln Park mutually agreed, in writing, to terminate the Agreements. On February 13. 2023, the aggregate of 1,003,378 shares of restricted common stock was returned for cancellation. On February 13, 2023, the aggregate of 1,003,378 On June 15, 2023, the aggregate of 800,000 As of September 30, 2023 and December 31, 2022, the Company had a total of 151,096,262 152,899,640

MEZZANINE EQUITY

MEZZANINE EQUITY	9 Months Ended
	Sep. 30, 2023
Mezzanine Equity
MEZZANINE EQUITY	7. MEZZANINE EQUITY On September 30, 2022, the Company issued to Porta Capital Limited, Bru Haas (B) Sdn Bhd, Bru Haas Sdn Bhd, Clicque Technology Sdn Bhd, Tilla Network Limited and Porta Network Inc., the Company’s related parties (collectively as the “Related Parties”), an aggregate of 5,898,256 Schedule of mezzanine equity Preferred Stock – Series B – As of December 31, 2021 $ – Issuance of Series B Convertible Preferred Stock on September 30, 2022 5,190,465 Dividends of Series B Convertible Preferred Stock as of December 31, 2022 94,372 Preferred Stock – Series B – As of December 31, 2022 5,284,837 Dividends of Series B Convertible Preferred Stock as of September 30, 2023 283,116 Preferred Stock – Series B – As of September 30, 2023 $ 5,567,953

LOSS PER SHARE

LOSS PER SHARE	9 Months Ended
	Sep. 30, 2023
Loss per share
LOSS PER SHARE	8 LOSS PER SHARE Net loss per share is provided in accordance with FASB ASC 260-10, “Earnings per share” The following table sets forth the computation of basic and diluted net loss per share for the nine months ended September 30, 2023 and 2022: Schedule of computation of basic and diluted net loss per share Nine months ended September 30, 2023 2022 Net loss for the period attribute to the Company $ (1,124,831 ) $ (2,266,221 ) Weighted average number of common shares outstanding, basic and diluted 151,787,179 152,899,640 Basic and diluted loss per common share: $ (0.01 ) $ (0.01 )

INCOME TAX

INCOME TAX	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAX	9. INCOME TAX The Company recorded $ 0 At September 30, 2023, the Company has U.S. federal operating loss carryforwards of approximately $ 4 5,600,000 2,600,000 At September 30, 2023, the Company’s subsidiary operating in Malaysia has net operating loss of approximately $ 0.8 At September 30, 2023, the Company’s subsidiary operating in Bangladesh has net operating loss carryforwards of $ 20,964 The Company follows the provision of ASC 740 which prescribes a comprehensive model for how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that the Company has taken or expects to take on a tax return. The Company did not have any unrecognized tax positions or benefits as of September 30, 2023 and December 31, 2022. The Company recognizes interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. We do not expect any material changes in our unrecognized tax benefits over the next 12 months. The Company’s ability to utilize U.S. net operating loss carryforwards to offset future taxable income may be deferred or limited significantly if the Company were to experience an “ownership change” as defined in section 382 of the Internal Revenue Code of 1986, as amended, and corresponding provisions of state law. In general, an ownership change occurs when the ownership of the Company’s stock by 5 percent or more shareholders “5-percent shareholders” exceeds 50 percentage points within a three-year period. We have not conducted a Section 382 study to determine whether the use of our U.S. net operating losses is limited. We may have experienced ownership changes in the past, and we may experience ownership changes in the future, some of which are outside our control. This could limit the amount of net operating losses that we can utilize annually to offset future taxable income or tax liabilities.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	10. RELATED PARTY TRANSACTIONS Related party balances consisted of the following: Schedule of related party balances As of September 30, As of December 31, Due to Porta Capital Limited (“Porta Capital”) $ 656,259 $ 76,949 Due to Bru Haas (B) Sdn Bhd (“Bru Haas (B)”) 949,286 561,947 Due to Bru Haas Sdn Bhd (“Bru Haas”) 37,570 33,588 Due to Clicque Technology Snd Bhd (“Clicque”) 186,294 79,389 Due from Mr. Kamal Hamidon – (850 ) Due from Mr. Song Dai (“Mr. Song”) (8,752 ) (8,671 ) Due to Leet Entertainment Group Limited (“Leet HK”) 414,814 414,814 $ 2,235,471 $ 1,157,166 Mr. Song is the director and major shareholder of the Company, and he is also the major shareholder of Porta Capital, Bru Haas (B), Bru Haas, Tila Network, and Porta Network. Amount due to these related companies are those trade and nontrade payables arising from transactions between the Company and the related companies, such as advances made by the related companies on behalf of the Company, and advances made by the Company on behalf of the related companies. Those advances are unsecured, non-interest bearing and have no fixed terms of repayment. The advances from Mr. Song are mainly for working capital purpose. The advances are unsecured, non-interest bearing and have no fixed terms of repayment. Schedule of related party transactions Nine months ended September 30, Nature of transactions with related parties 2023 2022 Research and development consulting fee to related parties: - Porta Capital (a) $ 26,890 $ 27,133 Consultancy fee to related parties - Clicque (b) $ 109,729 $ 114,096 Rent expense of Matchroom platform server to related parties: - Porta Capital (c) $ 85,150 $ 84,999 - Bru Haas (B) (d) 221,627 218,605 - Clicque (d) 38 – Total $ 306,815 $ 303,604 Network Bandwidth expense to Bru Haas (B) (e) $ 161,341 $ 161,105 Director fee - Ganesha $ 9,975 $ 10,372 - Kamal Hamidon 17,291 37,338 - Ding Jung Long 23,579 68,452 Total $ 50,845 $ 116,162 Both platform server rent expense and network bandwidth expense are recorded in the cost of revenue. (a) The Company entered a consultancy service agreement with Porta Capital for a fixed period of 56 months commenced from May 1, 2017. The consultancy service fee is $3,000 per month and the agreement was renewed for another fixed period of 24 months on January 1, 2022. (b) The Company entered two separate consultancy service agreements with Clicque for a fixed period of 36 months each commenced from June 1, 2021 and December 1, 2021. The consultancy service fees are RM 40,000 (equivalent to approximately $9,700) per month and RM 15,000 (equivalent to approximately $3,600) per month, respectively. (c) The Company entered a platform server rental agreement with Porta Capital for a fixed period of 60 months commenced from March 1, 2021. The rent is $9,500 per month. (d) The Company entered a platform server rental agreement with Bru Haas (B) for a fixed period of 60 months commenced from July 1, 2021. The rent is $20,000 per month. In additions, the Company entered a service agreement with Bru Haas (B) providing security operations center service for a fixed period of 12 months commenced from February 17, 2022. The service fee is $4,705 per month. (e) The Company entered a network bandwidth rental agreement with Bru Haas (B) for a fixed period of 12 months commenced from January 1, 2022. The rent is $18,000 per month. During the three months ended March 31, 2023 and 2022, the Company utilized space on a rent-free basis in the office located at Unit 805, 8th Floor, Menara Mutiara Majestic, Jalan Othman, Petaling Jaya 46000, Selangor, Malaysia which is owned by Mr. Song. The fair market value of the rent is RM1,500 per month. Mr. Song is the director and major shareholder of the Company, and he is also the major shareholder of Porta Capital, Bru Haas (B), Bru Haas, Tila Network, and Porta Network. Amount due to these related companies are those trade and nontrade payables arising from transactions between the Company and the related companies, such as advances made by the related companies on behalf of the Company, and advances made by the Company on behalf of the related companies. Those advances are unsecured, non-interest bearing and have no fixed terms of repayment. The advances to Mr. Song are mainly for working capital purpose. The advances are unsecured, non-interest bearing and have no fixed terms of repayment. On September 30, 2022, the Company issued to Porta Capital Limited, Bru Haas (B) Sdn Bhd, Bru Haas Sdn Bhd, Clicque Technology Sdn Bhd, Tilla Network Limited and Porta Network Inc., the Company’s related parties (collectively as the “Related Parties”), an aggregate of 5,898,256 shares of Series B Convertible Preferred Stock, par value $0.0001 per share (the “Series B Preferred Stock”), of the Company pursuant to certain Debt Conversion Agreements, each dated September 30, 2022 (the “Debt Conversion Agreement”), between the Related Parties and the Company. The effect of the Debt Conversion Agreement is that all or a portion of the Related party balances has been converted to Series B Convertible Preferred Shares.

CONCENTRATIONS OF RISK

CONCENTRATIONS OF RISK	9 Months Ended
	Sep. 30, 2023
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF RISK	11. CONCENTRATIONS OF RISK The Company is exposed to the following concentrations of risk: (a) Major customers For the nine months ended September 30, 2023, the individual customer who accounts for 10% or more of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows: Schedules of concentration of risk Nine months ended September 30, 2023 September 30, 2023 Customers Revenues Percentage Accounts Customer A $ 141,255 79 $ 35,439 Total: $ 141,255 79 Total: $ 35,439 For the nine months ended September 30, 2022, the individual customer who accounts for 10% or more of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows: Nine months ended September 30, 2022 September 30, 2022 Customers Revenues Percentage Accounts Customer A $ 73,563 63 $ 86,398 Customer B 16,983 15 3,867 Total: $ 90,546 78 Total: $ 90,265 For the three months ended September 30, 2023, the individual customer who accounts for 10% or more of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows: Three months ended September 30, 2023 September 30, 2023 Customers Revenues Percentage Accounts Customer A $ 26,408 77 $ 35,439 Total: $ 26,408 77 Total: $ 35,439 For the three months ended September 30, 2022, the individual customer who accounts for 10% or more of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows: Three months ended September 30, 2022 September 30, 2022 Customers Revenues Percentage Accounts Customer A $ 28,480 56 $ 86,398 Customer B 12,623 25 3,867 Total: $ 41,103 81 Total: $ 90,265 (b) Economic and political risk The Company’s major operations are conducted in Malaysia. Accordingly, the political, economic, and legal environments in Malaysia, as well as the general state of Malaysia’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 TAKA and MYR converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice. (d) Concentration of credit risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company maintains cash with various financial institutions in Hong Kong and Malaysia. Cash are maintained with high credit quality institutions, the composition and maturities of which are regularly monitored by management. The Perbadanan Insurans Deposit Malaysia (“PIDM”) pays compensation up to a limit of RM250,000 if the bank with which an individual/a company hold its eligible deposit fails. At September 30, 2023 and December 31, 2022, the Company did not have deposit funds that exceeded the insured limits in Malaysia.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES The Company from time to time may be involved in legal proceedings and disputes arising in the normal course of business. The Company believes that there are no material claims or actions pending or threatened against the Company. On April 28, 2021, the Company entered into a financial advisory agreement, (“the agreement”) with Maxim Group, LLC (“Maxim”), a leading full-service investment banking, securities and wealth management firm, pursuant to which Maxim will provide certain advisory services including strategic corporate planning, capitalization, and marketing. Additionally, Maxim, will advise the Company with respect to its objective to list on a national securities exchange. As consideration for Maxim’s services pursuant to the agreement, the Company agreed to issue restricted shares of the Company’s common stock to Maxim equal to 2% of the outstanding shares of the Company’s Common Stock. As mentioned in Note 6, the Company issued 1,403,973 On November 4, 2022 (the “Issue Date”), Leet Technology Inc. (the “Company”) entered into a Securities Purchase Agreement dated as of November 4, 2022 (the “SPA”), by and between the Company and 1800 Diagonal Lending LLC, a Virginia limited liability company (the “Investor”). Pursuant to the SPA, among other things, the Company agreed to issue to the Investor a convertible note in the principal amount of $ 113,300 10,300 2,000 1,000 8 November 4, 2024

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to December 28, 2023, the date that the financial statements were issued. The Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States (“US GAAP”) for interim financial reporting, and in accordance with instructions for Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end balance sheet data was derived from audited financial statements but does not include all disclosures required by US GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
Use of estimates and assumptions	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 and disclosure of contingent assets and liabilities at the date of the financial statements during the period reported. Actual results may differ from these estimates.
Basis of consolidation	Basis of consolidation The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All inter-company balances and transactions within the Company have been eliminated upon consolidation.
Cash	Cash Cash 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 Accounts receivable are recorded in accordance with Accounting Standards Codification (“ASC”) 310, “Receivables.” 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 creditworthiness 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 collectability. At the end of each quarter, 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. The Company does not have any off-balance-sheet credit exposure related to its customers. As of September 30, 2023 and December 31, 2022, there were no
Plant and equipment	Plant and equipment Plant and equipment are stated at historical cost less accumulated depreciation. Leasehold improvements are amortized over the lessor of the based term of the lease or 5 years of the leasehold improvement. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values: Schedule of useful lives of plant and equipment Expected useful lives Computer and equipment 5 Furniture and fixtures 5 Expenditures for repairs and maintenance are expensed as incurred. When assets have been retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations.
Research and development costs	Research and development costs Research and development costs are expensed as incurred and consist of development work associated with our existing technology, customer solutions and processes. Our research and development expenses relate primarily to payroll costs for personnel, costs associated with various projects, including testing, development and other related expenses.
Impairment of long-lived assets	Impairment of long-lived assets In accordance with the provisions of ASC Topic 360, “Impairment or Disposal of Long-Lived Assets”, all long-lived assets such as plant and equipment, intangible assets, and right of use (“ROU”) assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value of the assets. There was no impairment charge for the nine months ended September 30, 2023 and 2022.
Contract liability	Contract liability Billing practices for the Company’s contracts are governed by the contract terms of each project. Billings do not necessarily correlate with revenues recognized. The Company records contract liabilities to account for these differences in timing. The contract liability, represents the Company’s obligation to transfer goods or services to a customer for which the Company has been paid by the customer or for which the Company is obligated to perform under the contract. Revenue for future services reflected in this account are recognized, and the liability is reduced, as the Company subsequently satisfies the performance obligation under the contract.
Revenue recognition	Revenue recognition The revenue of the Company is currently generated from the provision of white label solutions and esports event management and team services. The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) Topic 606 – Revenue from Contracts with Customers (“ASC 606”) when control of a product or service is transferred to a customer. 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. White Label Solutions Revenue The Company derives revenue from the provision of white label solutions. The Company offers white label, contracted licensed, solutions primarily to their information & communications technology (“ICT”) partners. The Company engages its ICT partners to utilize its Matchroom.net Platform. For customers who have their own platforms and apps being used, the Company will customize the design of Matchroom.net to meet the customer’s need and integrate, a customized solution into the customer’s system. The Matchroom.net platform and software solution is customizable to the specific needs of each customer and can be integrated across multiple platforms. On average it will take the Company three months to complete the customization of the platform for a customers use. The Company’s typical arrangement involves customizing the Matchroom.net platform solution, which requires technical programming support to build out the platform to its customers specifications. As a result, in analyzing the performance obligations being provided to the customer the Company considers the software license and customization services as a single performance obligation as required by ASC 606. In carrying out the services under these arrangements, the Company is often provided with upfront payment which is deferred and recognized into revenue over the duration of the contract. Esports Tournament Management and Team Services Revenue The Company derives revenue from esports tournament management and team services. The Company offers tournament management services to their customers, whereby they are engaged to provide the service of managing and hosting a tournament of the customer’s choice. The Company provides the required manpower and skills to host and manage an esports tournament on their own Matchroom.net platform or on the platform of the customer. The hosting and management of these tournaments on behalf of the customer is deemed to be one performance obligation and is met over the period of performance (couple of days) in which the tournament is held. The amount to be recognized as revenue equals the predetermined event management fee as per the agreement in place between the Company and the customer. The Company fulfills its performance obligation through the execution and completion of hosting the tournament, over the period of performance that being the multi-day tournament. The amount per the contract is based on the needs of the customer and the required level of manpower or skills needed for the relevant tournament. Apart from hosting the tournaments of other customers, the Company also hosts and managed their own internally held tournaments. The Company will obtain sponsorship agreements with other third-party entities whereby the Company commits to deliver certain sponsor and promotional services in exchange for consideration. Upon completion of the tournament a work completion report will be generated and communicated to the customer. Revenue will be recording pro rata during the duration of the tournament. The Company invoices its promotional partners based on the contracted services within the agreement.
Disaggregation of Revenue	Disaggregation of Revenue The Company has disaggregated its revenue from contracts with customers into categories based on the nature of the revenue. The following table presents the revenue streams by segments, with the presentation revenue categories presented on the statements of operation for the periods indicated: Schedule of disaggregated revenue Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 White label solutions $ 26,560 $ 42,924 $ 142,056 $ 95,659 Esport tournament management and team services – 379 – 8,775 Matchroom Mini-app solutions 7,728 7,824 37,368 11,554 $ 34,288 $ 51,127 $ 179,424 $ 115,988
Income taxes	Income taxes Income taxes are determined in accordance with the provisions of ASC Topic 740, Income Taxes (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. For the year ended December 31, 2022, the Company incurred $ 20,000 The Company is subject to tax in local and foreign jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the relevant tax authorities.
Foreign currencies translation	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$”) and the accompanying condensed consolidated financial statements have been expressed in US$. The functional currencies of the Company’s operating subsidiaries are their local currencies Bangladeshi Taka (“TAKA”) and Malaysian Ringgit (“MYR”)). TAKA-denominated assets and liabilities are translated into the United States Dollar using the exchange rate at the balance sheet date 0.0092 0.0097 0.0094 0.21297 0.22692 0.22167 0.23427
Comprehensive income	Comprehensive income ASC Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive income, as presented in the accompanying unaudited condensed consolidated statements of changes in stockholders’ deficit, consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.
Retirement plan costs	Retirement plan costs Contributions to retirement plans (which are defined contribution plans) are charged to general and administrative expenses in the accompanying unaudited condensed consolidated statements of operation as the related employee service is provided.
Leases	Leases The Company accounts for leases in accordance with Topic 842, “Leases” (“ASC 842”) and determines if an arrangement is a lease at inception. Operating leases are included in operating ROU assets, other current liabilities, and operating lease liabilities in our unaudited condensed consolidated balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our unaudited condensed consolidated balance sheets. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company generally use the incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. In accordance with the guidance in ASC 842, components of a lease should be split into three categories: lease components (e.g. land, building, etc.), non-lease components (e.g. common area maintenance, consumables, etc.), and non-components (e.g. property taxes, insurance, etc.). Subsequently, the fixed and in-substance fixed contract consideration (including any related to non-components) must be allocated based on the respective relative fair values to the lease components and non-lease components.
Net loss per share	Net loss per share The Company calculates net income or loss per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income or loss per share is computed by dividing the net income or loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per share is the same as basic net loss per share when their inclusion would have an anti-dilutive effect due to the continuing net losses. The following anti-dilutive equity and debt securities were excluded from the computation of net loss per share. Schedule of anti-dilutive equity and debt securities As of September 30, 2023 December 31, 2022 (Shares) (Shares) Convertible shares 58,982,560 58,982,560
Contingencies	Contingencies The Company follows the ASC 450-20 to report accounting for contingencies. Certain conditions may exist as of the date the unaudited financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. 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 unaudited 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 any 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	Fair value of financial instruments The Carrying amounts for cash, accounts receivable, deposits receivable, accounts payable, accrued liabilities, and other payables approximate their fair value because of their short-term maturity. The Company determined that the carrying amount of accrued compensation payable to officers and directors and amounts due to related parties approximates fair value as these amounts are indicative of the amounts the company would expect to settle in current market exchange.
Stock based compensation	Stock based compensation The Company accounts for non-employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, which requires all share-based payments to non-employees to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital.
Series B Convertible Preferred Stock	Series B Convertible Preferred Stock The Company accounts for the Series B Convertible Preferred Stock in accordance with the guidance in ASC 480, Distinguishing Liabilities from Equity. Preferred stock subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally preferred stock (including preferred stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity.
Recent accounting pronouncements	Recent accounting pronouncements Accounting Standards Issued, Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that are 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.

DESCRIPTION OF BUSINESS AND O_2

DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of description of subsidiaries	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 Leet Entertainment Sdn. Bhd. Malaysia Provision of information technology and mobile application development and digital content publishing service 1,000 ordinary shares at par value of MYR1 100 LEET Inc. BVI Investment holding 1 ordinary share at par value of US$1 100 Leet Technology (BD) Ltd. Bangladesh Provision of information technology and mobile application development and digital content publishing service 100,000 ordinary shares at par value of Taka 100 80

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Schedule of useful lives of plant and equipment	Schedule of useful lives of plant and equipment Expected useful lives Computer and equipment 5 Furniture and fixtures 5
Schedule of disaggregated revenue	Schedule of disaggregated revenue Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 White label solutions $ 26,560 $ 42,924 $ 142,056 $ 95,659 Esport tournament management and team services – 379 – 8,775 Matchroom Mini-app solutions 7,728 7,824 37,368 11,554 $ 34,288 $ 51,127 $ 179,424 $ 115,988
Schedule of anti-dilutive equity and debt securities	Schedule of anti-dilutive equity and debt securities As of September 30, 2023 December 31, 2022 (Shares) (Shares) Convertible shares 58,982,560 58,982,560

PLANT AND EQUIPMENT (Tables)

PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of plant and equipment	Schedule of plant and equipment As of September 30, 2023 December 31, 2022 Computer and equipment $ 132,735 $ 139,407 Furniture and fixtures 7,935 8,455 Leasehold improvements 20,036 21,348 160,706 169,210 Less: accumulated depreciation (51,126 ) (45,752 ) $ 109,580 $ 123,458

LEASE LIABILITY (Tables)

LEASE LIABILITY (Tables)	9 Months Ended
	Sep. 30, 2023
Lease Liability
Schedule of lease allocation of assets and liabilities	Schedule of lease allocation of assets and liabilities Consolidated Balance As of Sheets Caption September 30, 2023 December 31, 2022 Assets Operating lease right-of-use assets $ – $ 9,046 Liabilities: Current Operating lease liability – current $ – $ 9,046 Non-current Operating lease liability – non-current – – Total lease liabilities $ – $ 9,046

MEZZANINE EQUITY (Tables)

MEZZANINE EQUITY (Tables)	9 Months Ended
	Sep. 30, 2023
Mezzanine Equity
Schedule of mezzanine equity	Schedule of mezzanine equity Preferred Stock – Series B – As of December 31, 2021 $ – Issuance of Series B Convertible Preferred Stock on September 30, 2022 5,190,465 Dividends of Series B Convertible Preferred Stock as of December 31, 2022 94,372 Preferred Stock – Series B – As of December 31, 2022 5,284,837 Dividends of Series B Convertible Preferred Stock as of September 30, 2023 283,116 Preferred Stock – Series B – As of September 30, 2023 $ 5,567,953

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
Loss per share
Schedule of computation of basic and diluted net loss per share	Schedule of computation of basic and diluted net loss per share Nine months ended September 30, 2023 2022 Net loss for the period attribute to the Company $ (1,124,831 ) $ (2,266,221 ) Weighted average number of common shares outstanding, basic and diluted 151,787,179 152,899,640 Basic and diluted loss per common share: $ (0.01 ) $ (0.01 )

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Schedule of related party balances	Schedule of related party balances As of September 30, As of December 31, Due to Porta Capital Limited (“Porta Capital”) $ 656,259 $ 76,949 Due to Bru Haas (B) Sdn Bhd (“Bru Haas (B)”) 949,286 561,947 Due to Bru Haas Sdn Bhd (“Bru Haas”) 37,570 33,588 Due to Clicque Technology Snd Bhd (“Clicque”) 186,294 79,389 Due from Mr. Kamal Hamidon – (850 ) Due from Mr. Song Dai (“Mr. Song”) (8,752 ) (8,671 ) Due to Leet Entertainment Group Limited (“Leet HK”) 414,814 414,814 $ 2,235,471 $ 1,157,166
Schedule of related party transactions	Schedule of related party transactions Nine months ended September 30, Nature of transactions with related parties 2023 2022 Research and development consulting fee to related parties: - Porta Capital (a) $ 26,890 $ 27,133 Consultancy fee to related parties - Clicque (b) $ 109,729 $ 114,096 Rent expense of Matchroom platform server to related parties: - Porta Capital (c) $ 85,150 $ 84,999 - Bru Haas (B) (d) 221,627 218,605 - Clicque (d) 38 – Total $ 306,815 $ 303,604 Network Bandwidth expense to Bru Haas (B) (e) $ 161,341 $ 161,105 Director fee - Ganesha $ 9,975 $ 10,372 - Kamal Hamidon 17,291 37,338 - Ding Jung Long 23,579 68,452 Total $ 50,845 $ 116,162

CONCENTRATIONS OF RISK (Tables)

CONCENTRATIONS OF RISK (Tables)	9 Months Ended
	Sep. 30, 2023
Risks and Uncertainties [Abstract]
Schedules of concentration of risk	Schedules of concentration of risk Nine months ended September 30, 2023 September 30, 2023 Customers Revenues Percentage Accounts Customer A $ 141,255 79 $ 35,439 Total: $ 141,255 79 Total: $ 35,439 For the nine months ended September 30, 2022, the individual customer who accounts for 10% or more of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows: Nine months ended September 30, 2022 September 30, 2022 Customers Revenues Percentage Accounts Customer A $ 73,563 63 $ 86,398 Customer B 16,983 15 3,867 Total: $ 90,546 78 Total: $ 90,265 For the three months ended September 30, 2023, the individual customer who accounts for 10% or more of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows: Three months ended September 30, 2023 September 30, 2023 Customers Revenues Percentage Accounts Customer A $ 26,408 77 $ 35,439 Total: $ 26,408 77 Total: $ 35,439 For the three months ended September 30, 2022, the individual customer who accounts for 10% or more of the Company’s revenues and its outstanding receivable balances as at period-end dates, are presented as follows: Three months ended September 30, 2022 September 30, 2022 Customers Revenues Percentage Accounts Customer A $ 28,480 56 $ 86,398 Customer B 12,623 25 3,867 Total: $ 41,103 81 Total: $ 90,265

DESCRIPTION OF BUSINESS AND O_3

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details)	9 Months Ended
	Sep. 30, 2023
Leet Entertainment Sdn Bhd [Member]
Name of subsidiaries	Leet Entertainment Sdn. Bhd.
Place of incorporation and kind of legal entity	Malaysia
Principal activities	Provision of information technology and mobile application development and digital content publishing service
Particulars of registered/ paid up share capital	1,000 ordinary shares at par value of MYR1
Effective interest held	100%
L E E T Inc [Member]
Name of subsidiaries	LEET Inc.
Place of incorporation and kind of legal entity	BVI
Principal activities	Investment holding
Particulars of registered/ paid up share capital	1 ordinary share at par value of US$1
Effective interest held	100%
Leet Technology B D Ltd [Member]
Name of subsidiaries	Leet Technology (BD) Ltd.
Place of incorporation and kind of legal entity	Bangladesh
Principal activities	Provision of information technology and mobile application development and digital content publishing service
Particulars of registered/ paid up share capital	100,000 ordinary shares at par value of Taka 100
Effective interest held	80%

LIQUIDITY GOING CONCERN UNCER_2

LIQUIDITY GOING CONCERN UNCERTAINTIES (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash	$ 14,851						$ 14,851		$ 36,808
Working capital deficit	3,640,680						3,640,680
Accumulated deficit	11,986,142						11,986,142		$ 10,578,195
Net loss	$ 307,372	$ 310,831	$ 510,821	$ 998,706	$ 609,100	$ 658,415	$ 1,129,024	$ 2,266,221

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Schedule of Plant and Equipment Useful Lives)	9 Months Ended
	Sep. 30, 2023
Computer And Equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, useful lives	5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, useful lives	5 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Schedule of Exchange Rates) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Product Information [Line Items]
Revenue	$ 34,288	$ 51,127	$ 179,424	$ 115,988
White Label Solutions [Member]
Product Information [Line Items]
Revenue	26,560	42,924	142,056	95,659
Esport Tournament Management and Team Services [Member]
Product Information [Line Items]
Revenue	0	379	0	8,775
Matchroom Miniapp Solutions [Member]
Product Information [Line Items]
Revenue	$ 7,728	$ 7,824	$ 37,368	$ 11,554

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Net loss per common share) - shares	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Convertible Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Convertible shares	58,982,560	58,982,560

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	9 Months Ended		12 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022	Dec. 31, 2022 USD ($)
Allowance for doubtful accounts	$ 0		$ 0
Tax penalties			$ 20,000
Bangladesh, Taka
Assets and liabilities foreign currency exchange rate translation	0.0092		0.0097
Revenue and expense accounts foreign currency exchange rate translation	0.0094
Malaysia, Ringgits
Assets and liabilities foreign currency exchange rate translation	0.21297		0.22692
Revenue and expense accounts foreign currency exchange rate translation	0.22167	0.23427

PLANT AND EQUIPMENT (Details -

PLANT AND EQUIPMENT (Details - Schedule of Plant and Equipment) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	$ 160,706	$ 169,210
Less: accumulated depreciation	(51,126)	(45,752)
Plant and equipment, net	109,580	123,458
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	132,735	139,407
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	7,935	8,455
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	$ 20,036	$ 21,348

PLANT AND EQUIPMENT (Details Na

PLANT AND EQUIPMENT (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 8,519	$ 29,370

LEASE LIABILITY (Details - Allo

LEASE LIABILITY (Details - Allocation of assets and liabilities) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Lease Liability
Operating lease right-of-use assets	$ 0	$ 9,046
Operating lease liability, current	0	9,046
Operating lease liability, non-current	0	0
Total lease liabilities	$ 0	$ 9,046

LEASE LIABILITY (Details Narrat

LEASE LIABILITY (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating lease expenses	$ 6,725	$ 4,978
Office Premises [Member]
Operating lease term	2 years
Operating lease discount rate	175%

STOCKHOLDERS_ DEFICIT (Details

STOCKHOLDERS’ DEFICIT (Details Narrative) - $ / shares			9 Months Ended
	Jun. 15, 2023	Feb. 13, 2023	Sep. 30, 2022	Sep. 30, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Preferred stock, shares authorized				20,000,000	20,000,000
Preferred stock, par value				$ 0.0001	$ 0.0001
Common stock, shares authorized				10,000,000,000	10,000,000,000
Common stock, par value				$ 0.0001	$ 0.0001
Stock issued for compensation, shares			7,000,000
Common stock, shares issued				151,096,262	152,899,640
Common stock, shares outstanding				151,096,262	152,899,640
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized				1,000,000	1,000,000
Preferred stock, shares outstanding				1,000,000	1,000,000
Preferred stock, shares issued				1,000,000	1,000,000
Series B Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized				10,000,000	10,000,000
Preferred stock, shares issued				5,898,256	5,898,256
Preferred stock, shares outstanding				5,898,256	5,898,256
Common Stock [Member]
Class of Stock [Line Items]
Stock cancelled, shares	800,000	1,003,378

MEZZANINE EQUITY (Details - Sch

MEZZANINE EQUITY (Details - Schedule of Distinguishing Liabilities from Equity) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Preferred Stock, Series B, Ending Balance	$ 5,284,837
Preferred Stock, Series B, Ending Balance	5,567,953	$ 5,284,837
Series B Preferred Stock [Member]
Preferred Stock, Series B, Ending Balance	5,284,837	0
Issuance of Series B Convertible Preferred Stock		5,190,465
Dividends of Series B Convertible Preferred Stock	283,116	94,372
Preferred Stock, Series B, Ending Balance	$ 5,567,953	$ 5,284,837

MEZZANINE EQUITY (Details Narra

MEZZANINE EQUITY (Details Narrative)	Sep. 30, 2022 shares
Related Parties [Member] | Series B Preferred Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Aggregate shares of series B convertible preferred stock	5,898,256

LOSS PER SHARE (Details- Schedu

LOSS PER SHARE (Details- Schedule of computation of basic and diluted) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Loss per share
Net loss for the period attribute to the Company	$ (307,457)	$ (998,706)	$ (1,124,831)	$ (2,266,221)
Weighted average number of common shares outstanding, basic	151,096,262	152,899,640	151,787,179	152,899,640
Weighted average number of common shares outstanding, diluted	151,096,262	152,899,640	151,787,179	152,899,640
Basic loss per common share	$ 0	$ (0.01)	$ (0.01)	$ (0.01)
Diluted loss per common share	$ 0	$ (0.01)	$ (0.01)	$ (0.01)

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Tax provision	$ 0	$ 0	$ 0	$ 0
UNITED STATES
Operating loss carryforwards	4,000,000		4,000,000
Net operating loss carryforwards	5,600,000		5,600,000
Net operating loss carryforwards subject to expiration	2,600,000		2,600,000
MALAYSIA
Operating loss carryforwards	800,000		800,000
BANGLADESH
Operating loss carryforwards	$ 20,964		$ 20,964

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details - Related Party Balances) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Amounts due to related parties	$ 2,235,471	$ 1,157,166
Porta Capital [Member]
Related Party Transaction [Line Items]
Amounts due to related parties	656,259	76,949
Bru Haas B [Member]
Related Party Transaction [Line Items]
Amounts due to related parties	949,286	561,947
Bru Haas [Member]
Related Party Transaction [Line Items]
Amounts due to related parties	37,570	33,588
Clicque [Member]
Related Party Transaction [Line Items]
Amounts due to related parties	186,294	79,389
Kamal Hamidon [Member]
Related Party Transaction [Line Items]
Amounts due from related parties	0	(850)
Mr Song [Member]
Related Party Transaction [Line Items]
Amounts due from related parties	(8,752)	(8,671)
Leet H K [Member]
Related Party Transaction [Line Items]
Amounts due to related parties	$ 414,814	$ 414,814

RELATED PARTY TRANSACTIONS (D_2

RELATED PARTY TRANSACTIONS (Details - Related party transactions) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Research and development expense	$ 8,952	$ 9,077	$ 26,890	$ 27,142
Rent expense			6,725	4,978
Director fees			50,845
Matchroom Platform [Member]
Related Party Transaction [Line Items]
Rent expense			306,815	303,604
Porta Capital [Member]
Related Party Transaction [Line Items]
Research and development expense			26,890	27,133
Porta Capital [Member] | Matchroom Platform [Member]
Related Party Transaction [Line Items]
Rent expense			85,150	84,999
Clicque [Member]
Related Party Transaction [Line Items]
Consultancy fees			109,729	114,096
Clicque [Member] | Matchroom Platform [Member]
Related Party Transaction [Line Items]
Rent expense			38	0
Bru Haas [Member]
Related Party Transaction [Line Items]
Network bandwith expense			161,341	161,105
Bru Haas [Member] | Matchroom Platform [Member]
Related Party Transaction [Line Items]
Rent expense			221,627	$ 218,605
Ganesha [Member]
Related Party Transaction [Line Items]
Director fees			9,975
Kamal Hamidon [Member]
Related Party Transaction [Line Items]
Director fees			17,291
Ding Jung Long [Member]
Related Party Transaction [Line Items]
Director fees			$ 23,579

CONCENTRATIONS OF RISK (Details

CONCENTRATIONS OF RISK (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Concentration Risk [Line Items]
Revenues	$ 34,288	$ 51,127	$ 179,424	$ 115,988
Customer A [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Revenues	$ 26,408	$ 28,480	$ 141,255	$ 73,563
Percentage of revenues	77%	56%	79%	63%
Customer A [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Accounts receivable	$ 35,439	$ 86,398	$ 35,439	$ 86,398
Total Customer [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Revenues	$ 26,408	$ 41,103	$ 141,255	$ 90,546
Percentage of revenues	77%	81%	79%	78%
Total Customer [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Accounts receivable	$ 35,439	$ 90,265	$ 35,439	$ 90,265
Customer B [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Revenues		$ 12,623		$ 16,983
Percentage of revenues		25%		15%
Customer B [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Accounts receivable		$ 3,867		$ 3,867

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Nov. 04, 2022	Apr. 28, 2021
Independent Advisory Company [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued new, restricted stock issued		1,403,973
Diagonal Lending [Member] | Convertible Note [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt Instrument, Face Amount	$ 113,300
Original issue discount	10,300
[custom:DueDiligenceFee]	$ 1,000
Debt Instrument, Interest Rate, Stated Percentage	8%
Debt Instrument, Maturity Date	Nov. 04, 2024
Investors Legal Counsel [Member] | Convertible Note [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Legal fees	$ 2,000