GigWorld (GIGW) 10-K 1 Apr 24 2023 FY Annual report Financial data

Cover

Cover - shares	12 Months Ended
	Dec. 31, 2023	Apr. 01, 2024
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	333-194748
Entity Registrant Name	Hapi Metaverse Inc.
Entity Central Index Key	0001600347
Entity Tax Identification Number	45-4742558
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	4800 Montgomery Lane
Entity Address, Address Line Two	Suite 210
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	301
Local Phone Number	971-3940
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		507,610,326
Documents Incorporated by Reference [Text Block]	None
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	606
Auditor Name	GRASSI & CO., CPAs, P.C
Auditor Location	Jericho, New York

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 745,719	$ 514,260
Investment in Securities at Fair Value – related party	3,913,508	2,341,948
TOTAL CURRENT ASSETS	4,852,129	2,977,943
Property and equipment, net	6,574	10,305
Goodwill	60,273	60,343
Operating lease right-of-use assets, net	267,727	129,478
TOTAL ASSETS	6,394,330	3,178,069
CURRENT LIABILITIES:
Accrued taxes	371	3,816
Operating lease liabilities – Current	148,088	71,899
TOTAL CURRENT LIABILITIES	7,831,185	4,994,661
NON-CURRENT LIABILITIES:
Operating lease liabilities- Non-current	126,810	59,196
TOTAL NON-CURRENT LIABILITIES:	1,126,810	59,196
TOTAL LIABILITIES	8,957,995	5,053,857
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY (DEFICIT):
Preferred stock, $0.0001 par value, 15,000,000 shares authorized, 0 issued and outstanding as of December 31, 2023 and December 31, 2022
Common stock, $0.0001 par value, 1,000,000,000 shares authorized, 507,610,326 and 506,898,576 shares issued and outstanding, as of December 31, 2023 and December, 31 2022, respectively	50,761	50,690
Additional paid-in capital	11,168,595	4,679,498
Accumulated other comprehensive loss	(365,350)	(315,241)
Accumulated deficit	(13,414,222)	(6,288,884)
TOTAL HAPI METAVERSE INC STOCKHOLDERS’ DEFICIT	(2,560,216)	(1,873,937)
NON-CONTROLLING INTERESTS	(3,449)	(1,851)
TOTAL STOCKHOLDERS’ DEFICIT	(2,563,665)	(1,875,788)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	6,394,330	3,178,069
Nonrelated Party [Member]
CURRENT ASSETS:
Prepaid expenses and other current assets	127,017	118,933
CURRENT LIABILITIES:
Accounts payable and accrued expenses	74,935	24,601
Related Party [Member]
CURRENT ASSETS:
Prepaid expenses and other current assets	65,885	2,802
Convertible promissory note receivable – related party	1,207,627
CURRENT LIABILITIES:
Accounts payable and accrued expenses		7,838
Amount due to related parties	6,207,791	4,886,507
Convertible promissory note payable – related party	1,400,000
Operating lease liabilities – Current	148,088	71,899
NON-CURRENT LIABILITIES:
Promissory note payable – related party	$ 1,000,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022	May 05, 2017	May 04, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	15,000,000	15,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,000,000,000	1,000,000,000	1,000,000,000	500,000,000
Common stock, shares issued	507,610,326	506,898,576
Common stock, shares outstanding	507,610,326	506,898,576

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Total of Revenue	$ 254,327	$ 69,915
Cost of revenues
Total Cost of Revenue	(92,094)	(28,244)
Gross profit	162,233	41,671
Operating expenses:
Depreciation	2,912	1,524
General and administrative	960,473	410,038
Total operating expenses	963,385	411,562
(Loss) from operations	(801,152)	(369,891)
Other income (expense):
Other income	1	3,065
Foreign exchange gain (loss)	29,722	62,677
Unrealized loss on Securities Investment – related party	(6,109,270)	(1,427,094)
Gain on disposal of a subsidiary to related party	2	3,217
Total other expense	(6,110,852)	(1,358,129)
Loss before taxes	(6,912,004)	(1,728,020)
Provision for income taxes
Net loss from Continuing Operations	(6,912,004)	(1,728,020)
Net loss from Discontinuing Operations, Net of Tax		(648)
Less: Net loss attributable to Non-controlling interests	(1,600)	(233)
Net loss attributable to common shareholders	(6,910,404)	(1,728,435)
Other Comprehensive Loss, Net of Tax:
Foreign currency translation adjustment	(50,109)	(15,843)
Foreign currency translation adjustment	2
Total other comprehensive loss, Net of Tax:	(50,107)	(15,843)
Comprehensive Loss Attributable to Common Stockholders
Net loss	(6,910,404)	(1,728,435)
Total Comprehensive Loss Attributable to Common Stockholders	(6,960,513)	(1,744,278)
Comprehensive Loss Attributable to Non-controlling Interests
Net loss	(1,600)	(233)
Total Comprehensive Loss Attributable to Non-controlling Interests	$ (1,598)	$ (233)
Net loss per common share – basic and diluted
Continuing operations, basic	$ (0.01)	$ 0
Continuing operations, diluted	(0.01)	0
Discontinuing operations, basic	0	0
Discontinuing operations, diluted	0	0
Basic - Net (loss) income per share	(0.01)	0
Diluted - Net (loss) income per share	$ (0.01)	$ 0
Weighted average number of shares of common stock outstanding -
Basic	507,389,976	506,898,576
Diluted	507,389,976	506,898,576
Related Party [Member]
Other income (expense):
Interest income	$ 65,885
Interest expense – related party	(97,622)	(5)
Nonrelated Party [Member]
Other income (expense):
Interest income	430	11
Food and Beverage [Member]
Revenues:
Total of Revenue	201,873	41,772
Cost of revenues
Total Cost of Revenue	(53,403)	(14,272)
Travel [Member]
Revenues:
Total of Revenue	24,337
Cost of revenues
Total Cost of Revenue	(23,137)
Service [Member]
Revenues:
Total of Revenue	28,117	28,143
Cost of revenues
Total Cost of Revenue	(9,153)	(9,151)
Food and Beverage Depreciation [Member]
Cost of revenues
Total Cost of Revenue	$ (6,401)	$ (4,821)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Deficit - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2021	$ 50,690	$ 4,604,191	$ (299,398)	$ (4,560,449)	$ (204,966)	$ (1,618)	$ (206,584)
Balance, shares at Dec. 31, 2021	506,898,576
Gain on purchase of Value Exchange Stock from related party		75,307			75,307		75,307
Net loss for period				(1,728,435)	(1,728,435)	(233)	(1,728,668)
Foreign currency translation adjustment			(15,843)		(15,843)		(15,843)
Balance at Dec. 31, 2022	$ 50,690	4,679,498	(315,241)	(6,288,884)	(1,873,937)	(1,851)	(1,875,788)
Balance, shares at Dec. 31, 2022	506,898,576
Net loss for period				(6,910,404)	(6,910,404)	(1,600)	(6,912,004)
Foreign currency translation adjustment			(50,109)		(50,109)	2	(50,107)
Common stock issued for services	$ 71	641			712		712
Common stock issued for services, shares	711,750
Acquisition of VEII warrants via loan conversion		6,488,456			6,488,456		6,488,456
Acquisition of Hapi Travel Limited under Common Control				(214,934)	(214,934)		(214,934)
Balance at Dec. 31, 2023	$ 50,761	$ 11,168,595	$ (365,350)	$ (13,414,222)	$ (2,560,216)	$ (3,449)	$ (2,563,665)
Balance, shares at Dec. 31, 2023	507,610,326

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss from operation including non-controlling interests	$ (6,912,004)	$ (1,728,668)
Adjustments to reconcile net loss to cash used in operations:
Depreciation	9,313	6,345
Non-cash lease expenses	150,135	18,535
Provision for impairment of account receivable	3,264
Common stock issued for services	712
Gain on disposal of subsidiary	(2)	(3,217)
Unrealized loss on securities investment	6,109,270	1,427,094
Change in operating assets and liabilities, net of acquisitions:
Prepaid expenses and other current assets	2,421	(116,960)
Prepaid expenses and other current assets – related party	(71,352)	(2,802)
Accounts payable, other payable and accrued expenses	31,095	14,552
Accounts payable, other payable and accrued expenses-related parties	(159)
Operating Lease Liabilities	(139,441)	(16,923)
Net cash used in continuing operating activities	(816,748)	(402,044)
Net cash used in Discontinued Operating Activities		(648)
Net cash used in operating activities	(816,748)	(402,692)
CASH FLOW FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(4,127)	(3,698)
Issuance of convertible loan receivable to related party	(2,400,000)
Acquisition of MOC (HK)		(70,523)
Other	(4,012)
Purchase of securities investment – related party		(1,743,735)
Net cash used in investing activities	(2,408,139)	(1,817,956)
CASH FLOW FROM FINANCING ACTIVITIES:
Borrowings from related parties	2,400,000
Deemed distribution to indirect shareholder	(214,934)
Advance from related parties	1,372,411	2,568,604
Net cash provided by financing activities	3,557,477	2,568,604
NET INCREASE IN CASH AND CASH EQUIVALENTS	332,590	347,956
Effects of foreign exchange rates on cash and cash equivalents	(101,131)	(79,476)
CASH AND CASH EQUIVALENTS at beginning of year	514,260	245,780
CASH AND CASH EQUIVALENTS at end of year	745,719	514,260
Supplemental schedule of non-cash investing and financing activities
VEII common shares acquired via conversion of note receivable	1,300,000
VEII warrants acquired via conversion of note receivable	6,488,456
Initial Recognition of Operating Lease Right-Of-Use Asset and Lease Liability	$ 271,504

ORGANIZATION AND PRINCIPAL BUSI

ORGANIZATION AND PRINCIPAL BUSINESS ACTIVITIES	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND PRINCIPAL BUSINESS ACTIVITIES	Note 1. ORGANIZATION AND PRINCIPAL BUSINESS ACTIVITIES Hapi Metaverse Inc., formerly GigWorld Inc. (the “Company” or “Group”) was incorporated in the State of Delaware on March 7, 2012 and established a fiscal year end of December 31. The Company’s business is focused on serving business-to-business (B2B) needs in e-commerce, collaboration and social networking functions. The Company also started its Food and Beverage (“F&B”) business in 2022 and its travel business in 2023. Going Concern These financial statements have been prepared using accounting principles generally accepted in the United States of America applicable for a going concern, which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of business. Since inception, the Company has incurred net losses of $ 13,199,288 2,979,056 816,748 Our majority shareholder has advised us not to depend solely on them for financing. The Company has increased its efforts to raise additional capital through equity or debt financing from other sources. However, the Company cannot be certain that such capital (from its shareholders or third parties) will be available to us or whether such capital will be available on terms that are acceptable to the Company. Any such financing likely would be dilutive to existing stockholders and could result in significant financial operating covenants that would negatively impact our business. If we are unable to raise sufficient additional capital on acceptable terms, we will have insufficient funds to operate our business or pursue our planned growth. In considering our forecast for the next twelve months and the current cash and working capital as of the filing of this Form 10-K, such matters create a substantial doubt regarding the Company’s ability to meet their financial needs and continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“U.S. GAAP”). Basis of consolidation The consolidated financial statements include all accounts of the Company and its majority owned and controlled subsidiaries. The Company consolidates entities in which it owns more than 50% of the voting common stock and controls operations. All intercompany transactions and balances among consolidated subsidiaries have been eliminated. The Company’s consolidated financial statements include the financial position, results of operations and cash flows of the following entities as of December 31, 2023 and 2022, as follows: SCHEDULE FOR SUBSIDIARY’S CONSOLIDATION OF FINANCIAL STATEMENTS Attributable interest as of, Name of subsidiary consolidated under Hapi Metaverse Inc. State or other jurisdiction of incorporation or organization December 31, December 31, % % HotApp BlockChain Pte.Ltd. (f.k.a. HotApps International Pte. Ltd.) Singapore 100.0 100.0 HotApp International Limited Hong Kong 100.0 100.0 Gig Stablecoin Inc. (f.k.a. Crypto Exchange Inc.) Nevada - *11 100.0 HWH World Inc. Delaware - *12 100.0 Smart Reward Express Limited Hong Kong 50.0 *1 50.0 *1 Hapi Café Limited Hong Kong 100.0 *2 100.0 *2 MOC HK Limited Hong Kong 100.0 *3 100.0 *3 Shenzhen Leyouyou Catering Management Co., Ltd. People’s Republic of China 100.0 *4 100.0 *4 Hapi Metaverse Inc. Texas 100.0 *5 100.0 *5 Dongguan Leyouyou Catering Management Co., Ltd. People’s Republic of China 100.0 *6 - Guangzho Leyouyou Catering Management Co., Ltd. People’s Republic of China 100.0 *7 - Hapi Travel Ltd. Hong Kong 100.0 *8 - Hapi Acquisition Pte. Ltd. Singapore 100.0 *9 - NewRetail-AI Inc. Nevada 100.0 *10 * 1 Smart Reward Express Limited (“Smart Reward”) was incorporated in Hong Kong on July 13, 2021 with an issued and paid-up share capital of $ 1,288 10,000 10,000 Smart Reward plans to be principally engaged in the business of developing a platform allowing small and medium sized merchants to set-up their own reward program, with the aim of creating a loyalty exchange program for participating merchants. HotApp International Limited is the owner of 50 50 HotApp International Limited holds 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward 48.68 38.1 Accordingly, the Company in total holds more than 50 * 2 Hapi Cafe Limited (“HCHK”) was incorporated in Hong Kong on July 5, 2022 with an issued and paid-up share capital of $ 0.26 2 2 HotApp BlockChain Pte. Ltd. is the owner of 100 * 3 MOC HK Limited (“MOC”) was incorporated in Hong Kong on February 16, 2020 with an issued and paid-up share capital of $ 1.28 10 10 100 60,343 * 4 Shenzhen Leyouyou Catering Management Co., Ltd. (“HCCN”) was incorporated in People’s Republic of China on October 10, 2022. HCCN plans to be principally engaged in the food and beverage business in Mainland China. Hapi Cafe Ltd. is the owner HCCN. This business was acquired on October 10, 2022. * 5 Hapi Metaverse Inc. was incorporated in Texas on November 28, 2022 with an issued and paid-up share capital of $ 0.1 100 * 6 Dongguan Leyouyou Catering Management Co., Ltd. (“HCDG”) was incorporated in People’s Republic of China on March 1, 2023. HCDG plans to be principally engaged in the food and beverage business in Mainland China. HCCN is the owner of HCDG. This business was incorporated on March 1, 2023. * 7 Guangzhou Leyouyou Catering Management Co., Ltd. (“HCGZ”) was incorporated in People’s Republic of China on May 19, 2023. HCDG plans to be principally engaged in the food and beverage business in Mainland China. HCCN is the owner of HCGZ. This business was incorporated on May 19, 2023. * 8 Hapi Travel Ltd. (“HTL”) was incorporated in Hong Kong on September 27, 2019. HTL plans to be principally engaged in the travel business in Hong Kong. HotApp BlockChain Pte. Ltd. is the owner of HTL. This business was acquired on June 14, 2023 via common control. The acquisition resulted in a deemed dividend of $ 214,174 * 9 Hapi Acquisition Pte. Ltd. was incorporated in Singapore on June 30, 2023 with an issued and paid-up share capital of $ 2 2 * 10 NewRetail-AI Inc. was incorporated in Nevada on July 31, 2023 with an issued and paid-up share capital of $ 1,000 10,000,000 * 11 The company disposed Gig Stablecoin Inc (“GSI”) to Teledoc Pte. Ltd, on December 31, 2023, for a nominal consideration of $ 1.00 * 12 The company disposed HWH World Inc (“HWHWI”) to Teledoc Pte. Ltd, on December 31, 2023, for a nominal consideration of $ 1.00 Teledoc Pte. Ltd. is a private company, wholly owned by Chan Heng Fai, the Chairman of the Company’s Board of Directors and the Chairman, Chief Executive Officer and largest stockholder of Alset Inc., the Company’s majority stockholder. Transactions between Entities under Common Control On June 14, 2023, the Company completed its online travel business acquisition of Hapi Travel Limited, an online travel business started in Hong Kong and under common control of the Company. The accompanying consolidated financial statements include the operations of the acquired entity from its acquisition date. The acquisition has been accounted for as a business combination. Accordingly, consideration paid by the Company to complete the acquisition is initially allocated to the acquired assets and liabilities assumed based upon their estimated acquisition date fair values. The recorded amounts for assets acquired and liabilities assumed are provisional and subject to change during the measurement period, which is up to 12 months from the acquisition date. As a result of the acquisition of HTL, a deemed dividend of $ 214,174 214,993 The common control transaction above resulted in the following basis of accounting for the financial reporting periods: ● The acquisition of HTL was accounted for prospectively as of June 14, 2023 as this did not represent a change in reporting entity. ● The acquisition of HTL was under common control and was consolidated in accordance with ASC 850-50. The Consolidated financial statements were not retrospectively adjusted for the acquisition of HTL as of January 1, 2022 for comparative purposes because the historical operations of HTL were deemed to be immaterial to the Company’s consolidated financial statements. Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, cost and expenses in the consolidated financial statements and accompanying notes. Significant accounting estimates reflected in the Group’s consolidated financial statements include revenue recognition, the useful lives and impairment of property and equipment, valuation allowance for deferred tax assets, and the fair value estimate for the company’s equity securities and convertible note receivable. Cash and cash equivalents The Company considers all highly liquid investments with a maturity of three months or less at the date of acquisition to be cash equivalents. Leases The Company follows FASB ASC Topic 842 in accounting for its operating lease right-of-use assets and operating lease liabilities. At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract is or contains a lease, the Company assess whether the contract involves the use of an identified asset, whether it has the right to obtain substantially all the economic benefits from the use of the asset and whether it has the right to control the use of the asset. The right-of-use assets and related lease liabilities are recognized at the lease commencement date. The Company recognizes operating lease expenses on a straight-line basis over the lease term. The Company has also utilized the following practical expedients: ● Short-term leases – for leases that are for a period of 12 months or less, the Company will not apply the recognition requirements of ASC 842. ● For leases that contain related non-lease components, such as maintenance, the Company will account for these payments as a single lease component. Right-of-use of assets The right-of-use of asset is measured at cost, which comprises the amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and less any lease incentive received. Lease liabilities Lease liability is measured at the present value of the outstanding lease payments at the commencement date, discounted using the Company incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise mainly fixed lease payments. Foreign currency risk Because of its foreign operations, the Company holds cash in non-US dollars. As of December 31,2023, cash of the Group includes, on an as converted basis to US dollars, $ 589,593 10,704 11,327 359,266 10,719 Investment in Securities at Fair Value – Related Party The Company currently has an investment in VEII, a related party, consisting of common shares and warrants. The Company had elected the fair value option, or “FVO,” and the Company continues to measure at fair value, those of its assets and liabilities it had previously measured at fair value and for which such election is permitted, and the financial instrument is initially measured at its issue-date estimated fair value and then subsequently remeasured at estimated fair value on a recurring basis at each reporting period date. Property and Equipment Property and equipment are recorded at cost, less depreciation. Repairs and maintenance are expensed as incurred. Expenditures incurred as a consequence of acquiring or using the asset, or that increase the value or productive capacity of assets are capitalized (such as removal, and restoration costs). When property and equipment is retired, sold, or otherwise disposed of, the asset’s carrying amount and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations. Depreciation is computed by the straight-line method (after considering their respective estimated residual values) over the estimated useful lives of the respective assets as follows: SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS Computer equipment 3 years leasehold improvement Lesser of the life of the asset or the lease term Concentrations Financial instruments that potentially expose the Group to concentration of credit risk consist primarily of cash. Although the cash at each particular bank in the United States is insured up to $ 250,000 Fair value Fair Value of Financial Instruments The carrying value of cash, accounts payable and accrued liabilities, and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments. All other significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the consolidated financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practicable the fair values of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed. Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The authoritative guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability developed based upon the best information available in the circumstances. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Company classifies and discloses assets and liabilities carried at fair value in one of the following three categories: ● Level 1 – quoted prices in active markets for identical assets and liabilities. ● Level 2 – observable market-based inputs or unobservable inputs that are corroborated by market data; and ● Level 3 – significant unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Revenue recognition Accounting Standards Codification 606, Revenue from Contracts with Customers (“ASC 606”), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services or catering service to customers. Revenue is recognized when (or as) the Company transfers promised goods or services or catering service to its customers in amounts that reflect the consideration to which the Company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers over control of the promised goods or services or catering service to its customers. To determine the appropriate amount of revenue to be recognized for arrangements determined to be within the scope of ASC 606, the Company performs the following five steps: (i) identification of the promised goods or services or catering service in the contract by analyzing customer perspective, immateriality, implicit promises, setup activities, and marketing incentives ; (ii) determination of whether the promised goods or services or catering service are performance obligations including whether they are distinct in the context of the contract by analyze the contract from the perspective of the customer; (iii) measurement of the transaction price, including the constraint on variable consideration by the expected value method and the most likely amount method ; (iv) allocation of the transaction price to the performance obligations based on a relative stand-alone selling price basis, or the price at which the Company would sell the good or service separately to similar customers in similar circumstances ; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. This should only be done once the transaction is complete and your obligation is fulfilled. The Company only applies the five-step model to contracts when it is probable that the entity will collect consideration it is entitled to in exchange for the goods or services or catering service it transfers to the customer. Costs to obtain or fulfill a contract are expensed as incurred. The Company began generating revenue from the food and beverage (“F&B”) business by providing quality catering services in HK since October 2022 and in PRC since January 2023. A project providing services to Value Exchange Int’l (Hong Kong) Limited, a subsidiary of Value Exchange International, Inc.(“VEII”) located in Hong Kong, on a monthly basis in 2022. VEII is a related party of the Company. Upon receipt of purchase order from this customer, we issue the corresponding invoice and provide the service accordingly. Any payment received from this customer in advance is presented within other payables on the Company’s consolidated balance sheets. This service was terminated on June 30, 2023 and $ 0 0 2,802 0 In June 2023, the Company acquired a travel business and began generating revenue by providing travel packaging and ticketing services in HK. Income taxes Current income taxes are provided for in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Net operating loss carry forwards and credits are applied using enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that a portion of or all of the deferred tax assets will not be realized. The components of the deferred tax assets and liabilities are individually classified as non-current in accordance with ASC 740. The impact of an uncertain income tax position on the income tax return is recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood Foreign currency translation Items included in the consolidated financial statements of each entity in the Group are measured using the currency of the primary economic environment in which the entity operates (“functional currency”). The functional and reporting currency of the Company is the United States dollar (“U.S. dollar”). The financial records of the Company’s subsidiaries located in Singapore, Hong Kong and Mainland China are maintained in their local currencies, the Singapore Dollar (S$), Hong Kong Dollar (HK$) and Chinese Yuan (CN ¥ Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange ruling at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the consolidated statements of operations. The Company’s entities with functional currency of Singapore Dollar, Hong Kong Dollar and Chinese Yuan, translate their operating results and financial positions into the U.S. dollar, the Company’s reporting currency. Assets and liabilities are translated using the exchange rates in effect on the balance sheet date. Revenues, expenses, gains and losses are translated using the average rate for the year. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of comprehensive income (loss). For the year ended December 31, 2023, the Company recorded other comprehensive loss from a translation loss of ($ 50,107 15,843 Comprehensive income (loss) Comprehensive income (loss) includes gains (losses) from foreign currency translation adjustments. Comprehensive income (loss) is reported in the consolidated statements of operations and comprehensive loss. Earnings (Loss) per share Basic earnings (loss) per share is computed by dividing net income (loss) attributable to stockholders by the weighted average number of shares outstanding during the year. The calculation of diluted net income per unit includes the effects of the assumed conversion of the Company’s outstanding convertible debt, except during the loss periods as the effect would be anti-dilutive. Non-controlling interests Non-controlling interests represent the equity in a subsidiary not attributable, directly or indirectly, to owners of the Company, and are presented separately in the consolidated statements of operation and comprehensive income, and within equity in the Consolidated Balance Sheets, separately from equity attributable to owners of the Company. On December 31, 2023 and 2022, the aggregate non-controlling interests in the Company were ($ 3,449 1,851 Recent accounting pronouncement In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) adopted this ASU did not Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

RESTATEMENT OF FINANCIAL STATEM

RESTATEMENT OF FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract]
RESTATEMENT OF FINANCIAL STATEMENTS	Note 3. RESTATEMENT OF FINANCIAL STATEMENTS Restatement of Previously Issued Financial Statements During the preparation of the year ended December 31, 2023 financial statements, the Company identified and corrected its classification and accounting treatment for its acquisition of Hapi Travel Ltd. as of December 31, 2023. Pursuant to ASC 250, “Accounting changes and error corrections” issued by FASB and SAB 99 “Materiality” issued by Securities and Exchange Commission, the Company determined the impact of the error was immaterial. The impact of the error correction is reflected in a $ 214,174 214,339 The following table summarizes the impacts of the error corrections on the Company’s financial statements for each of the periods presented below: Consolidated balance sheet SCHEDULE OF ERROR CORRECTIONS ON FINANCIAL STATEMENTS June 30, 2023 As previously Adjustments As restated Impact of correction of error June 30, 2023 As previously Adjustments As restated Total assets $ 3,956,298 $ (214,174 ) $ 3,742,124 Total liabilities 7,136,724 - 7,136,724 Total stockholders’ deficit $ (3,180,426 ) $ (214,174 ) $ (3,394,600 ) September 30, 2023 As previously Adjustments As restated Impact of correction of error September 30, 2023 As previously Adjustments As restated Total assets $ 11,730,209 $ (214,339 ) $ 11,515,870 Total liabilities 7,633,531 - 7,633,531 Total stockholders’ equity $ 4,096,678 $ (214,339 ) $ 3,882,339

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	Note 4. ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accrued expenses and other current liabilities consisted of the following: SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES 2023 2022 As of December 31, 2023 2022 Accrued payroll $ 13,146 $ 3,309 Accrued professional fees 37,643 18,905 Other account payable and accrued expenses 24,146 2,387 Receipt in advance from customer – related party - 7,838 Total $ 74,935 $ 32,439

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	Note 5. PROPERTY AND EQUIPMENT, NET Property and Equipment, net consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT 2023 2022 As of December 31, 2023 2022 Cost Leasehold improvement $ 11,253 $ 11,266 Computer equipment 11,794 5,685 Total cost $ 23,047 $ 16,951 Less: accumulated depreciation # Leasehold improvement # $ 11,253 $ 4,840 Computer equipment # 5,220 1,806 Total accumulated depreciation # $ 16,473 $ 6,646 NBV at the end of year Leasehold improvement $ - $ 6,426 Computer equipment 6,574 3,879 Total NBV $ 6,574 $ 10,305 # –Total of depreciation expenses charged for the year ended December 31, 2023 and 2022 were $ 9,313 6,345 6,401 4,821 2,912 1,524

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	Note 6. INCOME TAXES The Company follows the asset and liability method of accounting for income taxes under ASC 740, “ Income Taxes ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statements’ recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December 31, 2023 and 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. The provision for income taxes consisted of the following (in $): SCHEDULE OF PROVISION FOR INCOME TAX 2023 2022 Current $ - $ - Deferred - - Total $ - $ - SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION 2023 2022 Income taxes at statutory rate 17.0 % 16.6 % Change in valuation allowance (17.0 )% (16.6 )% Other - % - % Effective tax rate - % - % The Company’s effective tax rate was 0 0 The Inflation Reduction Act (“IR Act”) was enacted on August 16, 2022. The IR Act includes provisions imposing a 1% excise tax on share repurchases that occur after December 31, 2022 and introduces a 15% corporate alternative minimum tax (“CAMT”) on adjusted financial statement income. The CAMT will be effective for us beginning in fiscal 2024. We currently are not expecting the IR Act to have a material adverse impact to our financial statements. Significant components of the Company’s deferred tax assets and liabilities are as follows: 2023 2022 Deferred tax assets: Lease Liability 55,966 21,631 Net Operating Loss 633,599 569,569 Total deferred tax assets $ 689,565 $ 591,200 Deferred tax liabilities: Right-of-Use Assets (54,495 ) (21,364 ) Total deferred tax liabilities $ (54,495 ) $ (21,364 ) Deferred tax assets / (liabilities), net $ 635,070 $ 569,836 Less valuation allowance (635,070 ) (569,836 ) Deferred tax asset c/f $ - $ - On December 22, 2017, the Tax Cuts and Jobs Act was signed into legislation, lowering the corporate income tax rate to 21% effective January 1, 2018 and making many other significant changes to the US income tax code. Under ASC740, the effects of changes in tax rates and laws are recognized in the period in which the new legislation is enacted. The Company provided a valuation allowance equal to the deferred income tax assets for period ended December 31, 2022 because it is not presently known whether future taxable income will be sufficient to utilize the loss carry-forwards. As of December 31, 2023, the Company had approximately $ 1,059,023 516,516 255,399 287,108 The federal income tax returns of the Company are subject to examination by the IRS, generally for three years after they are filed. The tax returns for the years ended December 31, 2023, 2022, 2021 and 2020 are still subject to examination by the taxing authorities.

SHARE CAPITALIZATION

SHARE CAPITALIZATION	12 Months Ended
	Dec. 31, 2023
Share Capitalization
SHARE CAPITALIZATION	Note 7. SHARE CAPITALIZATION The Company is authorized to issue 1 15 500 1 0.0001 507,610,326 506,898,576 0 0 Common Shares: Pursuant to the Purchase Agreement, dated October 15, 2014, the Company issued 1,000,000 19 On July 13, 2015, AIL acquired 777,687 5.00 98.17 On March 27, 2017, the Company entered into a Loan Conversion Agreement with AIL, pursuant to which AIL agreed to convert $ 450,890 500,988,889 0.0009 99.979 On December 20, 2018, the Board of Directors of AIL announced its intention to sell up to 3,200,000 0.50 1,600,000 1,449,200 99.693 505,341,376 99.69 On April 24, 2023, the Company completed the issuance of 711,750 4,736 712 Preferred Shares: No

EQUITY INCENTIVE PLAN

EQUITY INCENTIVE PLAN	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
EQUITY INCENTIVE PLAN	Note 8. EQUITY INCENTIVE PLAN On July 30, 2018, the Company adopted the Equity Incentive Plan (“The Plan”). The Plan is intended to encourage ownership of shares by employees, directors and certain consultants to the Company in order to attract and retain such people, to induce them to work for the benefit of the Company. The Plan provides for the grant of options and/or other stock-based or stock-denominated awards. Subject to adjustment in accordance with the terms of the Plan, 50,000,000 10 no

INVESTMENT IN RELATED PARTY

INVESTMENT IN RELATED PARTY	12 Months Ended
	Dec. 31, 2023
Investments, All Other Investments [Abstract]
INVESTMENT IN RELATED PARTY	Note 9. INVESTMENT IN RELATED PARTY The Company elected the fair value option, or “FVO,” for, and therefore the Company continued to measure at fair value, those of its assets and liabilities it had previously measured at fair value and for which such election is permitted, as provided for under ASC 825-10-15-4, and the financial instrument is initially measured at its issue-date estimated fair value and then subsequently remeasured at estimated fair value on a recurring basis at each reporting period date.( as provided for by ASC 825-10-50-31) With respect to the above notes, as provided for by ASC 825-10-50-28 also establishes presentation and disclosure requirements designed to facilitate comparisons between entities that choose different measurement attributes for similar types of assets and liabilities. As provided for by ASC 825-10-50-30 estimated fair value adjustment of the convertible promissory note is presented in a single line item within other income (expense) in the accompanying consolidated statement. In April of 2021, the Company acquired 6,500,000 650,000 7,276,163 1,743,734.12 75,307 On September 6, 2023, the Company converted $ 1,300,000 7,344,632 36,723,160 0.1770 5 On December 31, 2023, The Company owned 21,120,795 36,723,160 0.1770 Financial assets measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheet as of December 31, 2023 and 2022: SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS Fair Value Measurement Using Amount at Level 1 Level 2 Level 3 Fair Value December 31, 2023 Asset Investment Securities – Fair Value $ 1,425,654 $ - $ - $ 1,425,654 Warrants – VEII 2,487,854 - 2,487,854 Total Investment in securities at Fair Value $ 1,425,654 $ 2,487,854 $ - $ 3,913,508 Fair Value Measurement Using Amount at Level 1 Level 2 Level 3 Fair Value December 31, 2022 Asset Investment Securities – Fair Value $ 2,341,948 $ - $ - $ 2,341,948 Total Investment in securities at Fair Value $ 2,341,948 $ - $ - $ 2,341,948 Fair value loss on securities investment was ($ 6,109,270 1,427,094 Warrants On September 6, 2023, the Company received warrants to purchase shares of VEII, a related party listed company. For further details on this transaction, refer to Note 9 - Related Party Balance and Transactions, As of December 31, 2023 and 2022, the fair value of the warrants was $ 6,449,100 0 The fair value of the VEII warrants under level 2 category as of September 6, 2023, and December 31, 2023 was calculated using a Black-Scholes valuation model valued with the following weighted average assumptions: SCHEDULE OF FAIR VALUE OF WARRANTS December 31, September 6, 2023 2023 Stock price $ 0.068 $ 0.1770 Exercise price 0.1770 0.1770 Risk free interest rate 8.50 % 8.50 % Annualized volatility 275.85 % 273.79 % Dividend Yield $ 0.00 $ 0.00 Year to maturity 4.68 5.00 Warrants and rights outstanding, measurement input 4.68 5.00 Changes in the observable input values would likely cause material changes in the fair value of the Company’s Level 2 financial instruments. A significant increase (decrease) in this likelihood would result in a higher (lower) fair value measurement.

RELATED PARTY BALANCES AND TRAN

RELATED PARTY BALANCES AND TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	Note 10. RELATED PARTY BALANCES AND TRANSACTIONS Effective as of September 1, 2020, Chan Heng Fai resigned as the Acting Chief Executive Officer of the Company, and the Company’s Board of Directors appointed Lee Wang Kei (“Nathan”) as the Company’s Chief Executive Officer. Alset International Limited is the Company’s former majority stockholder. On August 30, 2022, Alset International Limited entered into a stock purchase with its controlling stockholder, Alset Inc. (formerly known as Alset EHome International Inc.) in relation to the disposal of 505,341,376 99.69 2,000 The Company sold one of its subsidiaries, HWH World Pte. Limited, to Health Wealth Happiness Pte. Ltd (a subsidiary of former majority stockholder Alset International Limited) for consideration of S$ 2.00 2.00 The Company has a project with an affiliate (a subsidiary of Value Exchange International, Inc.) that commenced in 2022 and terminated on June 30, 2023. VEII provides IT services and solutions for customers in Asia, covering Helpdesk, Managed Operations, Systems Integration, and Consulting Services. The project has generated revenue of $ 28,117 1,815,268 2,508,868 1,879,508 4,153 6 1,743,734 2,506,676 631,838 4,158 102 On January 27, 2023, the Company and New Electric CV Corporation (together with the Company, the “Lenders”) entered into a Convertible Credit Agreement (the “Credit Agreement”) with Value Exchange International, Inc. (“Value Exchange”), a Nevada corporation. The Credit Agreement provides Value Exchange with a maximum credit line of $ 1,500,000 8 On February 23, 2023, Hapi Metaverse loaned VEII $ 1,400,000 1,300,000 7,344,632 36,723,160 0.1770 5 100,000.00 60,361 On February 23, 2023, the Company and Alset Inc., a Texas corporation (NASDAQ: AEI) (“Alset”) entered into a Subscription Agreement (the “Subscription Agreement”). Pursuant to the Subscription Agreement, the Company has borrowed $ 1,400,000.00 8 0.0001 0.50 1,400,000.00 67,200 On June 14, 2023, the Company acquired Hapi Travel Ltd. from Business Mobile Intelligence Ltd., a company wholly owned by Chan Heng Fai (the majority stockholder of Alset Inc.), for a consideration of $ 214,993.47 1,684,656.78 On December 14, 2023, the company entered into a Convertible Credit Agreement (“Credit Agreement”) with VEII. On December 15, 2023, the company loaned VEII $ 1,000,000 0.045 On December 15, 2023, the Company and Alset International Limited entered into a Subscription Agreement (the “Subscription Agreement”). Pursuant to the Subscription Agreement, the Company has borrowed $ 1,000,000.00 5 1,000,000.00 3,507 Our Chairman, Chan Heng Fai, and another member of our Board of Directors, Lum Kan Fai, are both members of the Board of Directors of VEII. In addition to Mr. Chan, two other members of the Board of Directors of Alset Inc., our majority stockholder, are also members of the Board of Directors of VEII (Mr. Wong Shui Yeung, Mr. Wong Tat Keung and Mr. Lim Sheng Hon, Danny).

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	Note 11. DISCONTINUED OPERATIONS Director’s resolutions of HotApp Blockchain Pte Ltd. passed on April 18, 2022 for the disposal of its investments of 100,000 100 2.00 There were no The aggregate financial results of discontinued operations were as follows: SCHEDULE OF AGGREGATE FINANCIAL RESULT DISCONTINUED OPERATION Year Ended December 31, 2023 Year Ended December 31, 2022 Operating expenses: General and administrative $ - $ 648 * Total operating expenses - 648 Income (Loss) from operations - (648 ) Income (Loss) from discontinued operations $ - $ (648 ) * There was $ 648

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	Note 12. GOODWILL The Company continually evaluates potential acquisitions that align with the Company’s plans, namely, starting the F&B business in Asia. Starting an F&B business in Hong Kong, China, and Taiwan can be an excellent opportunity due to the large consumer market, diverse food culture, high demand for international cuisine, favorable business environment, skilled labor force, and opportunities for growth. On October 4, 2022, The Company has completed its first F&B business acquisition of MOC HK Limited (“MOC”), a F&B business started in Hong Kong. The accompanying consolidated financial statements include the operations of the acquired entity from its acquisition date. The acquisition has been accounted for as a business combination. Accordingly, consideration paid by the Company to complete the acquisition is initially allocated to the acquired assets and liabilities assumed based upon their estimated acquisition date fair values. As a result of the acquisition of MOC, goodwill of $ 60,343 70,523 The Company evaluates goodwill on an annual basis in the fourth quarter or more frequently if management believes indicators of impairment exist. Such indicators could include, but are not limited to (1) a significant adverse change in legal factors or in business climate, (2) unanticipated competition, or (3) an adverse action or assessment by a regulator. The Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. If management concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, management conducts a quantitative goodwill impairment test. The impairment test involves comparing the fair value of the applicable reporting unit with its carrying value. The Company estimates the fair values of its reporting units using a combination of the income, or discounted cash flows, approach and the market approach, which utilizes comparable companies’ data. If the carrying amount of a reporting unit exceeds the reporting unit’s fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The Company’s evaluation of goodwill completed during the year resulted in no impairment losses. The table below reflects the Company’s estimates of the acquisition date fair value of the assets acquired and liabilities assumed for the 2022 acquisition: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED MOC Acquisition Date October 4, 2022 Purchase Price Cash $ 70,523 Total purchase consideration 70,523 Purchase Price Allocation Assets acquired Current assets 32,700 Property and Equipment, net 11,266 Operating lease right-of-use assets, net 114,232 Total assets acquired 158,198 Liabilities assumed: Current liabilities (33,437 ) Operating lease liability (114,232 ) Accrued taxes (349 ) Total liabilities assumed (148,018 ) Net assets acquired 10,180 Goodwill 60,343 Total purchase consideration $ 70,523 The following table summarizes changes in the carrying amount of goodwill for the years ended December 31, 2023 and 2022. SCHEDULE OF GOODWILL December 31, December 31, Balance at beginning of the year $ 60,343 $ - Acquisitions - 60,343 Foreign currency exchange adjustment (70 ) - Balance as of end of the year $ 60,273 $ 60,343

LEASES

LEASES	12 Months Ended
	Dec. 31, 2023
Leases
LEASES	Note 13. LEASES The Company has operating leases for its operating office, F&B stores and warehouse in Hong Kong and People’s Republic of China. The related lease agreements do not contain any material residual value guarantees or material restrictive covenants. Since the Company’s leases do not provide an implicit rate that can be readily determined, management uses a discount rate based on the incremental borrowing rate. The Company’s weighted-average remaining lease term relating to its operating leases are 2.16 4.47 3,954 0 The current portion of operating lease liabilities and the non-current portion of operating lease liabilities are presented on the balance sheets. Total lease expenses amounted to $ 150,135 18,535 145,536 0 SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO OPERATING LEASES December 31, December 31, Right-of-use assets $ 267,727 $ 129,478 Lease liabilities - current 148,088 71,899 Lease liabilities - non-current 126,810 59,196 Total lease liabilities $ 274,898 $ 131,095 As of December 31, 2023, the aggregate future minimum rental payments under non-cancelable agreement are as follows (in $): SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS UNDER NON-CANCELABLE AGREEMENT Maturity of Lease Liabilities Total 12 months ended December 31, 2024 $ 156,484 12 months ended December 31, 2025 80,527 12 months ended December 31, 2026 43,123 12 months ended December 31, 2027 7,187 Total undiscounted lease payments 287,321 Less: Imputed interest (12,423 ) Present value of lease liabilities $ 274,898 Operating lease liabilities - Current 148,088 Operating lease liabilities - Non-current $ 126,810

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	Note 14. SUBSEQUENT EVENTS The Company has evaluated events that have occurred after the balance sheet date through the date of this report and determined that there were no subsequent events or transactions that required recognition or disclosure in the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Basis of consolidation	Basis of consolidation The consolidated financial statements include all accounts of the Company and its majority owned and controlled subsidiaries. The Company consolidates entities in which it owns more than 50% of the voting common stock and controls operations. All intercompany transactions and balances among consolidated subsidiaries have been eliminated. The Company’s consolidated financial statements include the financial position, results of operations and cash flows of the following entities as of December 31, 2023 and 2022, as follows: SCHEDULE FOR SUBSIDIARY’S CONSOLIDATION OF FINANCIAL STATEMENTS Attributable interest as of, Name of subsidiary consolidated under Hapi Metaverse Inc. State or other jurisdiction of incorporation or organization December 31, December 31, % % HotApp BlockChain Pte.Ltd. (f.k.a. HotApps International Pte. Ltd.) Singapore 100.0 100.0 HotApp International Limited Hong Kong 100.0 100.0 Gig Stablecoin Inc. (f.k.a. Crypto Exchange Inc.) Nevada - *11 100.0 HWH World Inc. Delaware - *12 100.0 Smart Reward Express Limited Hong Kong 50.0 *1 50.0 *1 Hapi Café Limited Hong Kong 100.0 *2 100.0 *2 MOC HK Limited Hong Kong 100.0 *3 100.0 *3 Shenzhen Leyouyou Catering Management Co., Ltd. People’s Republic of China 100.0 *4 100.0 *4 Hapi Metaverse Inc. Texas 100.0 *5 100.0 *5 Dongguan Leyouyou Catering Management Co., Ltd. People’s Republic of China 100.0 *6 - Guangzho Leyouyou Catering Management Co., Ltd. People’s Republic of China 100.0 *7 - Hapi Travel Ltd. Hong Kong 100.0 *8 - Hapi Acquisition Pte. Ltd. Singapore 100.0 *9 - NewRetail-AI Inc. Nevada 100.0 *10 * 1 Smart Reward Express Limited (“Smart Reward”) was incorporated in Hong Kong on July 13, 2021 with an issued and paid-up share capital of $ 1,288 10,000 10,000 Smart Reward plans to be principally engaged in the business of developing a platform allowing small and medium sized merchants to set-up their own reward program, with the aim of creating a loyalty exchange program for participating merchants. HotApp International Limited is the owner of 50 50 HotApp International Limited holds 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward 48.68 38.1 Accordingly, the Company in total holds more than 50 * 2 Hapi Cafe Limited (“HCHK”) was incorporated in Hong Kong on July 5, 2022 with an issued and paid-up share capital of $ 0.26 2 2 HotApp BlockChain Pte. Ltd. is the owner of 100 * 3 MOC HK Limited (“MOC”) was incorporated in Hong Kong on February 16, 2020 with an issued and paid-up share capital of $ 1.28 10 10 100 60,343 * 4 Shenzhen Leyouyou Catering Management Co., Ltd. (“HCCN”) was incorporated in People’s Republic of China on October 10, 2022. HCCN plans to be principally engaged in the food and beverage business in Mainland China. Hapi Cafe Ltd. is the owner HCCN. This business was acquired on October 10, 2022. * 5 Hapi Metaverse Inc. was incorporated in Texas on November 28, 2022 with an issued and paid-up share capital of $ 0.1 100 * 6 Dongguan Leyouyou Catering Management Co., Ltd. (“HCDG”) was incorporated in People’s Republic of China on March 1, 2023. HCDG plans to be principally engaged in the food and beverage business in Mainland China. HCCN is the owner of HCDG. This business was incorporated on March 1, 2023. * 7 Guangzhou Leyouyou Catering Management Co., Ltd. (“HCGZ”) was incorporated in People’s Republic of China on May 19, 2023. HCDG plans to be principally engaged in the food and beverage business in Mainland China. HCCN is the owner of HCGZ. This business was incorporated on May 19, 2023. * 8 Hapi Travel Ltd. (“HTL”) was incorporated in Hong Kong on September 27, 2019. HTL plans to be principally engaged in the travel business in Hong Kong. HotApp BlockChain Pte. Ltd. is the owner of HTL. This business was acquired on June 14, 2023 via common control. The acquisition resulted in a deemed dividend of $ 214,174 * 9 Hapi Acquisition Pte. Ltd. was incorporated in Singapore on June 30, 2023 with an issued and paid-up share capital of $ 2 2 * 10 NewRetail-AI Inc. was incorporated in Nevada on July 31, 2023 with an issued and paid-up share capital of $ 1,000 10,000,000 * 11 The company disposed Gig Stablecoin Inc (“GSI”) to Teledoc Pte. Ltd, on December 31, 2023, for a nominal consideration of $ 1.00 * 12 The company disposed HWH World Inc (“HWHWI”) to Teledoc Pte. Ltd, on December 31, 2023, for a nominal consideration of $ 1.00 Teledoc Pte. Ltd. is a private company, wholly owned by Chan Heng Fai, the Chairman of the Company’s Board of Directors and the Chairman, Chief Executive Officer and largest stockholder of Alset Inc., the Company’s majority stockholder.
Transactions between Entities under Common Control	Transactions between Entities under Common Control On June 14, 2023, the Company completed its online travel business acquisition of Hapi Travel Limited, an online travel business started in Hong Kong and under common control of the Company. The accompanying consolidated financial statements include the operations of the acquired entity from its acquisition date. The acquisition has been accounted for as a business combination. Accordingly, consideration paid by the Company to complete the acquisition is initially allocated to the acquired assets and liabilities assumed based upon their estimated acquisition date fair values. The recorded amounts for assets acquired and liabilities assumed are provisional and subject to change during the measurement period, which is up to 12 months from the acquisition date. As a result of the acquisition of HTL, a deemed dividend of $ 214,174 214,993 The common control transaction above resulted in the following basis of accounting for the financial reporting periods: ● The acquisition of HTL was accounted for prospectively as of June 14, 2023 as this did not represent a change in reporting entity. ● The acquisition of HTL was under common control and was consolidated in accordance with ASC 850-50. The Consolidated financial statements were not retrospectively adjusted for the acquisition of HTL as of January 1, 2022 for comparative purposes because the historical operations of HTL were deemed to be immaterial to the Company’s consolidated financial statements.
Use of estimates	Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, cost and expenses in the consolidated financial statements and accompanying notes. Significant accounting estimates reflected in the Group’s consolidated financial statements include revenue recognition, the useful lives and impairment of property and equipment, valuation allowance for deferred tax assets, and the fair value estimate for the company’s equity securities and convertible note receivable.
Cash and cash equivalents	Cash and cash equivalents The Company considers all highly liquid investments with a maturity of three months or less at the date of acquisition to be cash equivalents.
Leases	Leases The Company follows FASB ASC Topic 842 in accounting for its operating lease right-of-use assets and operating lease liabilities. At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract is or contains a lease, the Company assess whether the contract involves the use of an identified asset, whether it has the right to obtain substantially all the economic benefits from the use of the asset and whether it has the right to control the use of the asset. The right-of-use assets and related lease liabilities are recognized at the lease commencement date. The Company recognizes operating lease expenses on a straight-line basis over the lease term. The Company has also utilized the following practical expedients: ● Short-term leases – for leases that are for a period of 12 months or less, the Company will not apply the recognition requirements of ASC 842. ● For leases that contain related non-lease components, such as maintenance, the Company will account for these payments as a single lease component. Right-of-use of assets The right-of-use of asset is measured at cost, which comprises the amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and less any lease incentive received. Lease liabilities Lease liability is measured at the present value of the outstanding lease payments at the commencement date, discounted using the Company incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise mainly fixed lease payments.
Foreign currency risk	Foreign currency risk Because of its foreign operations, the Company holds cash in non-US dollars. As of December 31,2023, cash of the Group includes, on an as converted basis to US dollars, $ 589,593 10,704 11,327 359,266 10,719 Investment in Securities at Fair Value – Related Party The Company currently has an investment in VEII, a related party, consisting of common shares and warrants. The Company had elected the fair value option, or “FVO,” and the Company continues to measure at fair value, those of its assets and liabilities it had previously measured at fair value and for which such election is permitted, and the financial instrument is initially measured at its issue-date estimated fair value and then subsequently remeasured at estimated fair value on a recurring basis at each reporting period date.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost, less depreciation. Repairs and maintenance are expensed as incurred. Expenditures incurred as a consequence of acquiring or using the asset, or that increase the value or productive capacity of assets are capitalized (such as removal, and restoration costs). When property and equipment is retired, sold, or otherwise disposed of, the asset’s carrying amount and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations. Depreciation is computed by the straight-line method (after considering their respective estimated residual values) over the estimated useful lives of the respective assets as follows: SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS Computer equipment 3 years leasehold improvement Lesser of the life of the asset or the lease term
Concentrations	Concentrations Financial instruments that potentially expose the Group to concentration of credit risk consist primarily of cash. Although the cash at each particular bank in the United States is insured up to $ 250,000
Fair value	Fair value Fair Value of Financial Instruments The carrying value of cash, accounts payable and accrued liabilities, and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments. All other significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the consolidated financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practicable the fair values of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed. Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The authoritative guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability developed based upon the best information available in the circumstances. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Company classifies and discloses assets and liabilities carried at fair value in one of the following three categories: ● Level 1 – quoted prices in active markets for identical assets and liabilities. ● Level 2 – observable market-based inputs or unobservable inputs that are corroborated by market data; and ● Level 3 – significant unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.
Revenue recognition	Revenue recognition Accounting Standards Codification 606, Revenue from Contracts with Customers (“ASC 606”), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services or catering service to customers. Revenue is recognized when (or as) the Company transfers promised goods or services or catering service to its customers in amounts that reflect the consideration to which the Company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers over control of the promised goods or services or catering service to its customers. To determine the appropriate amount of revenue to be recognized for arrangements determined to be within the scope of ASC 606, the Company performs the following five steps: (i) identification of the promised goods or services or catering service in the contract by analyzing customer perspective, immateriality, implicit promises, setup activities, and marketing incentives ; (ii) determination of whether the promised goods or services or catering service are performance obligations including whether they are distinct in the context of the contract by analyze the contract from the perspective of the customer; (iii) measurement of the transaction price, including the constraint on variable consideration by the expected value method and the most likely amount method ; (iv) allocation of the transaction price to the performance obligations based on a relative stand-alone selling price basis, or the price at which the Company would sell the good or service separately to similar customers in similar circumstances ; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. This should only be done once the transaction is complete and your obligation is fulfilled. The Company only applies the five-step model to contracts when it is probable that the entity will collect consideration it is entitled to in exchange for the goods or services or catering service it transfers to the customer. Costs to obtain or fulfill a contract are expensed as incurred. The Company began generating revenue from the food and beverage (“F&B”) business by providing quality catering services in HK since October 2022 and in PRC since January 2023. A project providing services to Value Exchange Int’l (Hong Kong) Limited, a subsidiary of Value Exchange International, Inc.(“VEII”) located in Hong Kong, on a monthly basis in 2022. VEII is a related party of the Company. Upon receipt of purchase order from this customer, we issue the corresponding invoice and provide the service accordingly. Any payment received from this customer in advance is presented within other payables on the Company’s consolidated balance sheets. This service was terminated on June 30, 2023 and $ 0 0 2,802 0 In June 2023, the Company acquired a travel business and began generating revenue by providing travel packaging and ticketing services in HK.
Income taxes	Income taxes Current income taxes are provided for in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Net operating loss carry forwards and credits are applied using enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that a portion of or all of the deferred tax assets will not be realized. The components of the deferred tax assets and liabilities are individually classified as non-current in accordance with ASC 740. The impact of an uncertain income tax position on the income tax return is recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood
Foreign currency translation	Foreign currency translation Items included in the consolidated financial statements of each entity in the Group are measured using the currency of the primary economic environment in which the entity operates (“functional currency”). The functional and reporting currency of the Company is the United States dollar (“U.S. dollar”). The financial records of the Company’s subsidiaries located in Singapore, Hong Kong and Mainland China are maintained in their local currencies, the Singapore Dollar (S$), Hong Kong Dollar (HK$) and Chinese Yuan (CN ¥ Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange ruling at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the consolidated statements of operations. The Company’s entities with functional currency of Singapore Dollar, Hong Kong Dollar and Chinese Yuan, translate their operating results and financial positions into the U.S. dollar, the Company’s reporting currency. Assets and liabilities are translated using the exchange rates in effect on the balance sheet date. Revenues, expenses, gains and losses are translated using the average rate for the year. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of comprehensive income (loss). For the year ended December 31, 2023, the Company recorded other comprehensive loss from a translation loss of ($ 50,107 15,843
Comprehensive income (loss)	Comprehensive income (loss) Comprehensive income (loss) includes gains (losses) from foreign currency translation adjustments. Comprehensive income (loss) is reported in the consolidated statements of operations and comprehensive loss.
Earnings (Loss) per share	Earnings (Loss) per share Basic earnings (loss) per share is computed by dividing net income (loss) attributable to stockholders by the weighted average number of shares outstanding during the year. The calculation of diluted net income per unit includes the effects of the assumed conversion of the Company’s outstanding convertible debt, except during the loss periods as the effect would be anti-dilutive.
Non-controlling interests	Non-controlling interests Non-controlling interests represent the equity in a subsidiary not attributable, directly or indirectly, to owners of the Company, and are presented separately in the consolidated statements of operation and comprehensive income, and within equity in the Consolidated Balance Sheets, separately from equity attributable to owners of the Company. On December 31, 2023 and 2022, the aggregate non-controlling interests in the Company were ($ 3,449 1,851
Recent accounting pronouncement	Recent accounting pronouncement In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) adopted this ASU did not Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SCHEDULE FOR SUBSIDIARY’S CONSOLIDATION OF FINANCIAL STATEMENTS	The Company’s consolidated financial statements include the financial position, results of operations and cash flows of the following entities as of December 31, 2023 and 2022, as follows: SCHEDULE FOR SUBSIDIARY’S CONSOLIDATION OF FINANCIAL STATEMENTS Attributable interest as of, Name of subsidiary consolidated under Hapi Metaverse Inc. State or other jurisdiction of incorporation or organization December 31, December 31, % % HotApp BlockChain Pte.Ltd. (f.k.a. HotApps International Pte. Ltd.) Singapore 100.0 100.0 HotApp International Limited Hong Kong 100.0 100.0 Gig Stablecoin Inc. (f.k.a. Crypto Exchange Inc.) Nevada - *11 100.0 HWH World Inc. Delaware - *12 100.0 Smart Reward Express Limited Hong Kong 50.0 *1 50.0 *1 Hapi Café Limited Hong Kong 100.0 *2 100.0 *2 MOC HK Limited Hong Kong 100.0 *3 100.0 *3 Shenzhen Leyouyou Catering Management Co., Ltd. People’s Republic of China 100.0 *4 100.0 *4 Hapi Metaverse Inc. Texas 100.0 *5 100.0 *5 Dongguan Leyouyou Catering Management Co., Ltd. People’s Republic of China 100.0 *6 - Guangzho Leyouyou Catering Management Co., Ltd. People’s Republic of China 100.0 *7 - Hapi Travel Ltd. Hong Kong 100.0 *8 - Hapi Acquisition Pte. Ltd. Singapore 100.0 *9 - NewRetail-AI Inc. Nevada 100.0 *10 * 1 Smart Reward Express Limited (“Smart Reward”) was incorporated in Hong Kong on July 13, 2021 with an issued and paid-up share capital of $ 1,288 10,000 10,000 Smart Reward plans to be principally engaged in the business of developing a platform allowing small and medium sized merchants to set-up their own reward program, with the aim of creating a loyalty exchange program for participating merchants. HotApp International Limited is the owner of 50 50 HotApp International Limited holds 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward 5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward 48.68 38.1 Accordingly, the Company in total holds more than 50 * 2 Hapi Cafe Limited (“HCHK”) was incorporated in Hong Kong on July 5, 2022 with an issued and paid-up share capital of $ 0.26 2 2 HotApp BlockChain Pte. Ltd. is the owner of 100 * 3 MOC HK Limited (“MOC”) was incorporated in Hong Kong on February 16, 2020 with an issued and paid-up share capital of $ 1.28 10 10 100 60,343 * 4 Shenzhen Leyouyou Catering Management Co., Ltd. (“HCCN”) was incorporated in People’s Republic of China on October 10, 2022. HCCN plans to be principally engaged in the food and beverage business in Mainland China. Hapi Cafe Ltd. is the owner HCCN. This business was acquired on October 10, 2022. * 5 Hapi Metaverse Inc. was incorporated in Texas on November 28, 2022 with an issued and paid-up share capital of $ 0.1 100 * 6 Dongguan Leyouyou Catering Management Co., Ltd. (“HCDG”) was incorporated in People’s Republic of China on March 1, 2023. HCDG plans to be principally engaged in the food and beverage business in Mainland China. HCCN is the owner of HCDG. This business was incorporated on March 1, 2023. * 7 Guangzhou Leyouyou Catering Management Co., Ltd. (“HCGZ”) was incorporated in People’s Republic of China on May 19, 2023. HCDG plans to be principally engaged in the food and beverage business in Mainland China. HCCN is the owner of HCGZ. This business was incorporated on May 19, 2023. * 8 Hapi Travel Ltd. (“HTL”) was incorporated in Hong Kong on September 27, 2019. HTL plans to be principally engaged in the travel business in Hong Kong. HotApp BlockChain Pte. Ltd. is the owner of HTL. This business was acquired on June 14, 2023 via common control. The acquisition resulted in a deemed dividend of $ 214,174 * 9 Hapi Acquisition Pte. Ltd. was incorporated in Singapore on June 30, 2023 with an issued and paid-up share capital of $ 2 2 * 10 NewRetail-AI Inc. was incorporated in Nevada on July 31, 2023 with an issued and paid-up share capital of $ 1,000 10,000,000 * 11 The company disposed Gig Stablecoin Inc (“GSI”) to Teledoc Pte. Ltd, on December 31, 2023, for a nominal consideration of $ 1.00 * 12 The company disposed HWH World Inc (“HWHWI”) to Teledoc Pte. Ltd, on December 31, 2023, for a nominal consideration of $ 1.00
SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS	SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS Computer equipment 3 years leasehold improvement Lesser of the life of the asset or the lease term

RESTATEMENT OF FINANCIAL STAT_2

RESTATEMENT OF FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract]
SCHEDULE OF ERROR CORRECTIONS ON FINANCIAL STATEMENTS	The following table summarizes the impacts of the error corrections on the Company’s financial statements for each of the periods presented below: Consolidated balance sheet SCHEDULE OF ERROR CORRECTIONS ON FINANCIAL STATEMENTS June 30, 2023 As previously Adjustments As restated Impact of correction of error June 30, 2023 As previously Adjustments As restated Total assets $ 3,956,298 $ (214,174 ) $ 3,742,124 Total liabilities 7,136,724 - 7,136,724 Total stockholders’ deficit $ (3,180,426 ) $ (214,174 ) $ (3,394,600 ) September 30, 2023 As previously Adjustments As restated Impact of correction of error September 30, 2023 As previously Adjustments As restated Total assets $ 11,730,209 $ (214,339 ) $ 11,515,870 Total liabilities 7,633,531 - 7,633,531 Total stockholders’ equity $ 4,096,678 $ (214,339 ) $ 3,882,339

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	Accrued expenses and other current liabilities consisted of the following: SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES 2023 2022 As of December 31, 2023 2022 Accrued payroll $ 13,146 $ 3,309 Accrued professional fees 37,643 18,905 Other account payable and accrued expenses 24,146 2,387 Receipt in advance from customer – related party - 7,838 Total $ 74,935 $ 32,439

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	Property and Equipment, net consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT 2023 2022 As of December 31, 2023 2022 Cost Leasehold improvement $ 11,253 $ 11,266 Computer equipment 11,794 5,685 Total cost $ 23,047 $ 16,951 Less: accumulated depreciation # Leasehold improvement # $ 11,253 $ 4,840 Computer equipment # 5,220 1,806 Total accumulated depreciation # $ 16,473 $ 6,646 NBV at the end of year Leasehold improvement $ - $ 6,426 Computer equipment 6,574 3,879 Total NBV $ 6,574 $ 10,305 # –Total of depreciation expenses charged for the year ended December 31, 2023 and 2022 were $ 9,313 6,345 6,401 4,821 2,912 1,524

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
SCHEDULE OF PROVISION FOR INCOME TAX	The provision for income taxes consisted of the following (in $): SCHEDULE OF PROVISION FOR INCOME TAX 2023 2022 Current $ - $ - Deferred - - Total $ - $ -
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION	SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION 2023 2022 Income taxes at statutory rate 17.0 % 16.6 % Change in valuation allowance (17.0 )% (16.6 )% Other - % - % Effective tax rate - % - %

INVESTMENT IN RELATED PARTY (Ta

INVESTMENT IN RELATED PARTY (Tables)	12 Months Ended
	Dec. 31, 2023
Investments, All Other Investments [Abstract]
SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS	Financial assets measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheet as of December 31, 2023 and 2022: SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS Fair Value Measurement Using Amount at Level 1 Level 2 Level 3 Fair Value December 31, 2023 Asset Investment Securities – Fair Value $ 1,425,654 $ - $ - $ 1,425,654 Warrants – VEII 2,487,854 - 2,487,854 Total Investment in securities at Fair Value $ 1,425,654 $ 2,487,854 $ - $ 3,913,508 Fair Value Measurement Using Amount at Level 1 Level 2 Level 3 Fair Value December 31, 2022 Asset Investment Securities – Fair Value $ 2,341,948 $ - $ - $ 2,341,948 Total Investment in securities at Fair Value $ 2,341,948 $ - $ - $ 2,341,948
SCHEDULE OF FAIR VALUE OF WARRANTS	The fair value of the VEII warrants under level 2 category as of September 6, 2023, and December 31, 2023 was calculated using a Black-Scholes valuation model valued with the following weighted average assumptions: SCHEDULE OF FAIR VALUE OF WARRANTS December 31, September 6, 2023 2023 Stock price $ 0.068 $ 0.1770 Exercise price 0.1770 0.1770 Risk free interest rate 8.50 % 8.50 % Annualized volatility 275.85 % 273.79 % Dividend Yield $ 0.00 $ 0.00 Year to maturity 4.68 5.00 Warrants and rights outstanding, measurement input 4.68 5.00

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
SCHEDULE OF AGGREGATE FINANCIAL RESULT DISCONTINUED OPERATION	The aggregate financial results of discontinued operations were as follows: SCHEDULE OF AGGREGATE FINANCIAL RESULT DISCONTINUED OPERATION Year Ended December 31, 2023 Year Ended December 31, 2022 Operating expenses: General and administrative $ - $ 648 * Total operating expenses - 648 Income (Loss) from operations - (648 ) Income (Loss) from discontinued operations $ - $ (648 ) * There was $ 648

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED	The table below reflects the Company’s estimates of the acquisition date fair value of the assets acquired and liabilities assumed for the 2022 acquisition: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED MOC Acquisition Date October 4, 2022 Purchase Price Cash $ 70,523 Total purchase consideration 70,523 Purchase Price Allocation Assets acquired Current assets 32,700 Property and Equipment, net 11,266 Operating lease right-of-use assets, net 114,232 Total assets acquired 158,198 Liabilities assumed: Current liabilities (33,437 ) Operating lease liability (114,232 ) Accrued taxes (349 ) Total liabilities assumed (148,018 ) Net assets acquired 10,180 Goodwill 60,343 Total purchase consideration $ 70,523
SCHEDULE OF GOODWILL	The following table summarizes changes in the carrying amount of goodwill for the years ended December 31, 2023 and 2022. SCHEDULE OF GOODWILL December 31, December 31, Balance at beginning of the year $ 60,343 $ - Acquisitions - 60,343 Foreign currency exchange adjustment (70 ) - Balance as of end of the year $ 60,273 $ 60,343

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
Leases
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO OPERATING LEASES	SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO OPERATING LEASES December 31, December 31, Right-of-use assets $ 267,727 $ 129,478 Lease liabilities - current 148,088 71,899 Lease liabilities - non-current 126,810 59,196 Total lease liabilities $ 274,898 $ 131,095
SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS UNDER NON-CANCELABLE AGREEMENT	As of December 31, 2023, the aggregate future minimum rental payments under non-cancelable agreement are as follows (in $): SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS UNDER NON-CANCELABLE AGREEMENT Maturity of Lease Liabilities Total 12 months ended December 31, 2024 $ 156,484 12 months ended December 31, 2025 80,527 12 months ended December 31, 2026 43,123 12 months ended December 31, 2027 7,187 Total undiscounted lease payments 287,321 Less: Imputed interest (12,423 ) Present value of lease liabilities $ 274,898 Operating lease liabilities - Current 148,088 Operating lease liabilities - Non-current $ 126,810

ORGANIZATION AND PRINCIPAL BU_2

ORGANIZATION AND PRINCIPAL BUSINESS ACTIVITIES (Details Narrative) - USD ($)	10 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 13,199,288	$ (6,912,004)	$ (1,728,668)
Net working capital deficit	$ 2,979,056	2,979,056
Net cash used in operating activities		$ 816,748	$ 402,692

SCHEDULE FOR SUBSIDIARY_S CONSO

SCHEDULE FOR SUBSIDIARY’S CONSOLIDATION OF FINANCIAL STATEMENTS (Details)		Dec. 31, 2023		Dec. 31, 2022
HotApp BlockChain Pte.Ltd. (f.k.a. HotApps International Pte. Ltd.) [Member] | SINGAPORE
Ownership interest		100%		100%
HotApp International Limited [Member] | HONG KONG
Ownership interest		100%		100%
Gig Stablecoin Inc. (f.k.a. Crypto Exchange Inc.) [Member] | NEVADA
Ownership interest			[1]	100%
HWH World Inc Member [Member] | DELAWARE
Ownership interest			[2]	100%
Smart Reward Express Limited [Member]
Ownership interest		50%
Smart Reward Express Limited [Member] | HONG KONG
Ownership interest	[3]	50%		50%
Hapi Cafe Limited [Member] | HONG KONG
Ownership interest	[4]	100%		100%
MOC HK Limited [Member] | HONG KONG
Ownership interest	[5]	100%		100%
Shenzhen Leyouyou Catering Management Co., Ltd. [Member] | CHINA
Ownership interest	[6]	100%		100%
Hapi Metaverse Inc. [Member] | TEXAS
Ownership interest	[7]	100%		100%
Dongguan Leyouyou Catering Management CoLimited [Member] | CHINA
Ownership interest		100%	[8]
Guangzho Leyouyou Catering Management Co., Ltd. [Member] | CHINA
Ownership interest		100%	[9]
Hapi Travel Ltd. [Member] | HONG KONG
Ownership interest		100%	[10]
Hapi Acquisition Pte. Ltd. [Member] | SINGAPORE
Ownership interest		100%	[11]
NewRetail-AI Inc. [Member] | NEVADA
Ownership interest	[12]	100%
[1]The company disposed Gig Stablecoin Inc (“GSI”) to Teledoc Pte. Ltd, on December 31, 2023, for a nominal consideration of $ 1.00 1.00 1,288 10,000 10,000 0.26 2 2 1.28 10 10 100 60,343 0.1 100 2 2 1,000 10,000,000

SCHEDULE FOR SUBSIDIARY_S CON_2

SCHEDULE FOR SUBSIDIARY’S CONSOLIDATION OF FINANCIAL STATEMENTS (Details) (Parenthethical)

12 Months Ended

Oct. 05, 2022 USD ($)

Feb. 16, 2020 USD ($) shares

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Jul. 31, 2023 USD ($) shares

Jun. 30, 2023 USD ($) shares

Nov. 28, 2022 USD ($) shares

Jul. 05, 2022 USD ($) shares

Jul. 05, 2022 HKD ($) shares

Jul. 13, 2021 USD ($) shares

Jul. 13, 2021 HKD ($) shares

Feb. 16, 2020 HKD ($) shares

Goodwill during acquisition

$ 60,343

Smart Reward Express Limited [Member]

Paid up share capital

$ 1,288

$ 10,000

Ordinary shares issued | shares

10,000

10,000

Ownership percentage

50%

Hapi Cafe Limited [Member]

Paid up share capital

$ 0.26

$ 2

Ordinary shares issued | shares

2

2

MOC HK Limited [Member]

Paid up share capital

$ 1.28

$ 10

Ordinary shares issued | shares

10

10

Ownership percentage

100%

Goodwill during acquisition

$ 60,343

Hapi Metaverse Inc. [Member]

Paid up share capital

$ 0.1

Ordinary shares issued | shares

100

Hapi Acquisition Pte. Ltd. [Member]

Paid up share capital

$ 2

Ordinary shares issued | shares

2

NewRetail-AI Inc. [Member]

Paid up share capital

$ 1,000

Ordinary shares issued | shares

10,000,000

Gig Stablecoin Inc. (f.k.a. Crypto Exchange Inc.) [Member]

Nominal consideration

$ 1

HWH World Inc Member [Member]

Nominal consideration

$ 1

SCHEDULE OF ESTIMATED USEFUL LI

SCHEDULE OF ESTIMATED USEFUL LIVES OF ASSETS (Details)	Dec. 31, 2023
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	Useful Life, Lease Term [Member]

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)				12 Months Ended
	Jun. 14, 2023 USD ($)	Jun. 14, 2023 USD ($)	Sep. 05, 2022	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 HKD ($)	Dec. 31, 2023 SGD ($)	Dec. 31, 2023 CNY (¥)	Dec. 31, 2022 HKD ($)	Dec. 31, 2022 SGD ($)	Dec. 31, 2021 USD ($)
Cash equivalents						$ 589,593	$ 10,704	¥ 11,327	$ 359,266	$ 10,719
Cash, FDIC insured amount				$ 250,000
Contract liabilities				0
Customer deposits				$ 0	$ 2,802						$ 0
Income tax likelihood				less than a 50% likelihood
Foreign currency translation loss				$ 50,107	15,843
Non controlling interest				$ 3,449	$ 1,851
Hapi Travel Ltd. [Member]
Goodwill during acquisition		$ 214,174
Business consideration transferred	$ 214,993
HotApp International Limited [Member]
Ownership percentage				50%
Description of rewards				5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward
Smart Reward Express Limited [Member]
Ownership percentage				50%
Investment, ownership percentage				50%		50%	50%	50%
Value Exchange International Inc [Member]
Ownership percentage				48.68%	38.10%
Description of rewards				5,000 shares of Smart Reward, representing 50% of the total issued and outstanding shares of Smart Reward
HotApp BlockChain Pte.Ltd. (f.k.a. HotApps International Pte. Ltd.) [Member]
Ownership percentage			100%

SCHEDULE OF ERROR CORRECTIONS O

SCHEDULE OF ERROR CORRECTIONS ON FINANCIAL STATEMENTS (Details) - USD ($)	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets	$ 6,394,330	$ 11,515,870	$ 3,742,124	$ 3,178,069
Total liabilities	8,957,995	7,633,531	7,136,724	5,053,857
Total stockholders’ equity	$ (2,560,216)	3,882,339	(3,394,600)	$ (1,873,937)
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets		11,730,209	3,956,298
Total liabilities		7,633,531	7,136,724
Total stockholders’ equity		4,096,678	(3,180,426)
Revision of Prior Period, Reclassification, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets		(214,339)	(214,174)
Total liabilities
Total stockholders’ equity		$ (214,339)	$ (214,174)

RESTATEMENT OF FINANCIAL STAT_3

RESTATEMENT OF FINANCIAL STATEMENTS (Details Narrative) - USD ($)	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total stockholders equity	$ 2,560,216	$ (3,882,339)	$ 3,394,600	$ 1,873,937
Revision of Prior Period, Reclassification, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total stockholders equity		$ 214,339	$ 214,174

SCHEDULE OF ACCRUED EXPENSES AN

SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued payroll	$ 13,146	$ 3,309
Accrued professional fees	37,643	18,905
Other account payable and accrued expenses	24,146	2,387
Receipt in advance from customer – related party		7,838
Total	$ 74,935	$ 32,439

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total cost		$ 23,047	$ 16,951
Total accumulated depreciation	[1]	16,473	6,646
Total NBV		6,574	10,305
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total cost		11,253	11,266
Total accumulated depreciation	[1]	11,253	4,840
Total NBV			6,426
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost		11,794	5,685
Total accumulated depreciation	[1]	5,220	1,806
Total NBV		$ 6,574	$ 3,879
[1]–Total of depreciation expenses charged for the year ended December 31, 2023 and 2022 were $ 9,313 6,345 6,401 4,821 2,912 1,524

SCHEDULE OF PROPERTY AND EQUI_2

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Depreciation expenses	$ 9,313	$ 6,345
Cost of revenue depreciation	6,401	4,821
General and Administrative Expense [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Depreciation expenses	$ 2,912	$ 1,524

SCHEDULE OF PROVISION FOR INCOM

SCHEDULE OF PROVISION FOR INCOME TAX (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Current
Deferred
Total

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income taxes at statutory rate	17%	16.60%
Change in valuation allowance	(17.00%)	(16.60%)
Other
Effective tax rate

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Effective tax rate
Tax loss carryforward	$ 1,059,023		$ 287,108	$ 255,399	$ 516,516

SHARE CAPITALIZATION (Details N

SHARE CAPITALIZATION (Details Narrative)							12 Months Ended
	Apr. 24, 2023 USD ($) Individual shares	Aug. 30, 2022 shares	Dec. 20, 2018 USD ($) $ / shares shares	Mar. 27, 2017 USD ($) $ / shares shares	Jul. 13, 2015 $ / shares shares	Oct. 15, 2014 shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 shares	May 05, 2017 shares	May 04, 2017 shares
Defined Benefit Plan Disclosure [Line Items]
Common stock, shares authorized							1,000,000,000	1,000,000,000		1,000,000,000	500,000,000
Preferred stock, share authorized							15,000,000	15,000,000
Preferred stock, par value | $ / shares							$ 0.0001	$ 0.0001
Common stock, shares issued							507,610,326	506,898,576
Common stock, shares outstanding							507,610,326	506,898,576
Preferred stock, shares issued							0	0
Preferred stock, shares outstanding							0	0
Common stock, par value | $ / shares							$ 0.0001	$ 0.0001
Debt conversion amount | $							$ 1,300,000
Number of shares issued	711,750
Number of individuals | Individual	4,736
Share-based compensation | $	$ 712
Alset International Limited [Member]
Defined Benefit Plan Disclosure [Line Items]
Common stock, shares issued					777,687	1,000,000
Sale of stock, percentage of ownership after transaction					98.17%	19%
Common stock, par value | $ / shares					$ 5
Disposal of shares									1,449,200
Sale of stock price per share | $ / shares			$ 0.50
Sale of stock amount | $			$ 1,600,000
Ownership percentage									99.693%
Alset International Limited [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Disposal of shares			3,200,000
Alset International Limited [Member] | Loan Conversion Agreement [Member]
Defined Benefit Plan Disclosure [Line Items]
Sale of stock, percentage of ownership after transaction				99.979%
Debt conversion amount | $				$ 450,890
Debt conversion, common shares				500,988,889
Conversion price | $ / shares				$ 0.0009
Alset Inc [Member]
Defined Benefit Plan Disclosure [Line Items]
Sale of stock, percentage of ownership after transaction		99.69%
Disposal of shares		505,341,376

EQUITY INCENTIVE PLAN (Details

EQUITY INCENTIVE PLAN (Details Narrative) - Equity Incentive Plan [Member] - shares		12 Months Ended
	Jul. 30, 2018	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock shares reserved for issuance	50,000,000
Expected termination term	10 years
Awards issued during period		0	0

SCHEDULE OF ASSETS MEASURED AT

SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Platform Operator, Crypto-Asset [Line Items]
Investment Securities – Fair Value	$ 1,425,654	$ 2,341,948
Warrants – VEII	2,487,854
Total Investment in securities at Fair Value	3,913,508	2,341,948
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto-Asset [Line Items]
Investment Securities – Fair Value	1,425,654	2,341,948
Total Investment in securities at Fair Value	1,425,654	2,341,948
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto-Asset [Line Items]
Investment Securities – Fair Value
Warrants – VEII	2,487,854
Total Investment in securities at Fair Value	2,487,854
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto-Asset [Line Items]
Investment Securities – Fair Value
Warrants – VEII
Total Investment in securities at Fair Value

SCHEDULE OF FAIR VALUE OF WARRA

SCHEDULE OF FAIR VALUE OF WARRANTS (Details)	Dec. 31, 2023 Individual $ / shares	Sep. 06, 2023 Individual $ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Stock price | $ / shares	$ 0.068	$ 0.1770
Measurement Input, Exercise Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	0.1770	0.1770
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	8.50	8.50
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	275.85	273.79
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	0	0
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	4.68	5

INVESTMENT IN RELATED PARTY (De

INVESTMENT IN RELATED PARTY (Details Narrative) - USD ($)			1 Months Ended	12 Months Ended
	Sep. 06, 2023	Oct. 17, 2022	Apr. 30, 2021	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Disposition of Stock in Subsidiary					$ 75,307
Common stock, shares outstanding				507,610,326	506,898,576
Fair value gain on securities investment				$ 6,109,270
Fair value loss on securities investment					$ 1,427,094
Fair value of the warrants				$ 2,487,854
Value Exchange International Inc [Member]
Restructuring Cost and Reserve [Line Items]
Common stock shares acquired			6,500,000
Common stock subscription price			$ 650,000
Conversion of stock, amount converted	$ 1,300,000
Conversion of stock, shares converted	7,344,632
Warrant exercise price	$ 0.1770			$ 0.1770
Warrants expire term	5 years
Common stock, shares outstanding				21,120,795
Warrant outstanding				36,723,160
Fair value of the warrants				$ 6,449,100	$ 0
Value Exchange International Inc [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Common stock warrants to purchase	36,723,160
Value Exchange International Inc [Member] | Stock Purchase Agreement [Member]
Restructuring Cost and Reserve [Line Items]
Common stock shares acquired		7,276,163
Common stock subscription price		$ 1,743,734.12

RELATED PARTY BALANCES AND TR_2

RELATED PARTY BALANCES AND TRANSACTIONS (Details Narrative)

12 Months Ended

Dec. 15, 2023 USD ($)

Sep. 06, 2023 USD ($) $ / shares shares

Jun. 14, 2023 USD ($)

Jun. 14, 2023 HKD ($)

Feb. 23, 2023 USD ($) $ / shares

Jan. 27, 2023 USD ($)

Aug. 30, 2022 shares

Dec. 20, 2018 $ / shares shares

Jul. 13, 2015 $ / shares

Oct. 15, 2014

Dec. 31, 2023 USD ($) $ / shares

Dec. 31, 2021 shares

Dec. 14, 2023 $ / shares

Dec. 31, 2022 USD ($) $ / shares

Sep. 05, 2022 $ / shares

Apr. 18, 2022 $ / shares

Related Party Transaction [Line Items]

Debt interest rate | $ / shares

$ 0.0001

$ 0.0001

Convertible Credit Agreement [Member]

Related Party Transaction [Line Items]

Credit maximum borrowing capacity

$ 1,500,000

Interest rate

8%

Credit advanced

$ 100,000

Interest income

60,361

Subscription Agreement [Member]

Related Party Transaction [Line Items]

Loan amount

$ 1,000,000

$ 1,400,000

Debt interest rate

5%

8%

Debt interest rate | $ / shares

$ 0.000001

Conversion rate | $ / shares

$ 0.0050

$ 0.00045

Debt amount remaining unpaid

1,400,000

Interest expense

67,200

Subscription Agreement [Member] | Convertible Promissory Note [Member]

Related Party Transaction [Line Items]

Debt amount remaining unpaid

1,000,000

Interest expense

$ 3,507

Value Exchange International Inc [Member]

Related Party Transaction [Line Items]

Conversion of stock, amount converted

$ 1,300,000

Conversion of stock, shares converted | shares

7,344,632

Exercise price | $ / shares

$ 0.1770

$ 0.1770

Warrants expire term

5 years

Value Exchange International Inc [Member] | Maximum [Member]

Related Party Transaction [Line Items]

Common stock warrants to purchase | shares

36,723,160

Business Mobile Intelligence Ltd [Member]

Related Party Transaction [Line Items]

Business consideration transferred

$ 214,993.47

$ 1,684,656.78

Alset Inc [Member]

Related Party Transaction [Line Items]

Disposal of shares | shares

505,341,376

Sale of stock, percentage of ownership after transaction

99.69%

Amount due to related parties

$ 1,815,268

$ 1,743,734

Lee Wang Kei [Member]

Related Party Transaction [Line Items]

Monthly payment

2,000

HWH World Pte. Limited, to Health Wealth Happiness Pte. Ltd [Member]

Related Party Transaction [Line Items]

Consideration price per share | $ / shares

$ 2

Chan Heng Fai [Member] | Hapi Cafe Limited [Member]

Related Party Transaction [Line Items]

Consideration price per share | $ / shares

$ 2

Affiliated Entity [Member]

Related Party Transaction [Line Items]

Payable from affiliate

28,117

Alset International Limited [Member]

Related Party Transaction [Line Items]

Disposal of shares | shares

1,449,200

Sale of stock, percentage of ownership after transaction

98.17%

19%

Consideration price per share | $ / shares

$ 0.50

Amount due to related parties

2,508,868

2,506,676

Debt interest rate | $ / shares

$ 5

Alset International Limited [Member] | Maximum [Member]

Related Party Transaction [Line Items]

Disposal of shares | shares

3,200,000

Fellow Subsidiaries [Member]

Related Party Transaction [Line Items]

Amount due to related parties

1,879,508

631,838

Director [Member]

Related Party Transaction [Line Items]

Amount due to related parties

4,153

4,158

Associated Company of Alset International Limited [Member]

Related Party Transaction [Line Items]

Amount due to related parties

$ 6

$ 102

SCHEDULE OF AGGREGATE FINANCIAL

SCHEDULE OF AGGREGATE FINANCIAL RESULT DISCONTINUED OPERATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating expenses:
General and administrative		$ 648	[1]
Total operating expenses		648
Income (Loss) from operations		(648)
Income (Loss) from discontinued operations		$ (648)
[1]There was $ 648

SCHEDULE OF AGGREGATE FINANCI_2

SCHEDULE OF AGGREGATE FINANCIAL RESULT DISCONTINUED OPERATION (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2022 USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Professional expenses	$ 648

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details Narrative)	Apr. 18, 2022 $ / shares shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Assets included in discontinued operation		$ 0	$ 0
Liabilities included in discontinued operation		$ 0	$ 0
HWH World Pte. Ltd [Member]
Defined Benefit Plan Disclosure [Line Items]
Transfer of shares | shares	100,000
Share capital percentage	100%
Consideration price per share | $ / shares	$ 2

SCHEDULE OF FAIR VALUE OF ASSET

SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details) - USD ($)	Oct. 04, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Goodwill		$ 60,273	$ 60,343
MOC HK Limited [Member]
Restructuring Cost and Reserve [Line Items]
Cash	$ 70,523
Total purchase consideration	70,523
Current assets	32,700
Property and Equipment, net	11,266
Operating lease right-of-use assets, net	114,232
Total assets acquired	158,198
Current liabilities	(33,437)
Operating lease liability	(114,232)
Accrued taxes	(349)
Total liabilities assumed	(148,018)
Net assets acquired	10,180
Goodwill	$ 60,343

SCHEDULE OF GOODWILL (Details)

SCHEDULE OF GOODWILL (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at beginning of the year	$ 60,343
Acquisitions		60,343
Foreign currency exchange adjustment	(70)
Balance as of end of the year	$ 60,273	$ 60,343

GOODWILL (Details Narrative)

GOODWILL (Details Narrative) - USD ($)		12 Months Ended
	Oct. 04, 2022	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Acquisition of goodwill			$ 60,343
MOC HK Limited [Member]
Restructuring Cost and Reserve [Line Items]
Acquisition of goodwill	$ 60,343
Purchase consideration	$ 70,523

SCHEDULE OF SUPPLEMENTAL BALANC

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO OPERATING LEASES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Leases
Right-of-use assets	$ 267,727	$ 129,478
Lease liabilities - current	148,088	71,899
Lease liabilities - non-current	126,810	59,196
Total lease liabilities	$ 274,898	$ 131,095

SCHEDULE OF FUTURE MINIMUM RENT

SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS UNDER NON-CANCELABLE AGREEMENT (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Leases
12 months ended December 31, 2024	$ 156,484
12 months ended December 31, 2025	80,527
12 months ended December 31, 2026	43,123
12 months ended December 31, 2027	7,187
Total undiscounted lease payments	287,321
Less: Imputed interest	(12,423)
Present value of lease liabilities	274,898	$ 131,095
Operating lease liabilities - Current	148,088	71,899
Operating lease liabilities - Non-current	$ 126,810	$ 59,196

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Weighted average remaining lease term, operating lease	2 years 1 month 28 days
Weighted average discount rate, operating lease	4.47%
Lease expenses	$ 150,135	$ 18,535
Cash flow paid for operating leases	145,536	0
Food and Beverage Store [Member]
Lease expenses	$ 3,954	$ 0