Fintech Scion (FINR) 10-Q/A 15 May 18 2017 Q3 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	May 11, 2018
Document And Entity Information
Entity Registrant Name	Vitaxel Group Ltd
Entity Central Index Key	1,623,590
Document Type	10-Q/A
Trading Symbol	VXEL
Document Period End Date	Sep. 30, 2017
Amendment Flag	true
Amendment Description	This Amendment No. 1 to the Quarterly Report on Form 10-Q/A (this “Amendment”) is being filed to amend and restate in its entirely Part 1 of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 as originally filed with SEC on May 22, 2017 (the “Original Form 10-Q”). The Consolidated Balance Sheets, Consolidated Statement of Income and Comprehensive Loss for the quarter and nine months period ended September 30, 2017 and Consolidated Statements of Cash Flows included in this Amendment have been restated to correct the revenue, cost of goods sold and operating expenses. Except as described above, this Amendment does not modify or update the disclosures presented in, or exhibits to, the Original Form 10-Q in any way. Those sections of the Original Form 10-Q that are unaffected by the Amendment are not included herein. This Amendment continues to speak as of the date of the Original Form 10-Q. Furthermore, this Amendment does not reflect events occurring after the dates of the Original Form 10-Q. Accordingly, this Amendment should be read in conjunction with the Original Form 10-Q, and with our subsequent filings with the SEC.
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		54,087,903
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 170,478	$ 105,432
Accounts receivable		1,944
Inventories	27,417	53,913
Amount due from related companies	14,866	27,082
Amount due from an associated companies	108,406
Due from director	1,744	5,427
Other receivables, prepayments and other current assets	28,172	27,048
Total Current Assets	351,083	220,846
NON-CURRENT ASSETS
Investment in associated company
Property, plant and equipment, net	214,518	194,669
Total Non-Current Assets	214,518	194,669
TOTAL ASSETS	565,601	415,515
CURRENT LIABILITIES
Amounts due to related companies	1,527,999	632,239
Amounts due to an associated company		279,219
Commission payables	146,723	115,915
Accounts payable	8,628	8,251
Accruals and other payables	608,995	446,487
Total Current Liabilities	2,292,345	1,482,111
TOTAL LIABILITIES	2,292,345	1,482,111
STOCKHOLDERS' EQUITY
Common stock par value $0.0001: 70,000,000 shares authorized and; 54,087,903 shares outstanding	5,409	5,409
Preferred stock par value $0.0001: 1,000,000 shares authorized; and 0 outstanding
Additional paid-in capital	4,749,798	1,340,194
Accumulated deficit	(6,345,165)	(2,639,138)
Accumulated other comprehensive (loss) / income	(136,786)	226,939
Total Stockholders' Equity	(1,726,744)	(1,066,596)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 565,601	$ 415,515

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized	70,000,000	70,000,000
Common stock, issued	54,087,903	54,087,903
Common stock, outstanding	54,087,903	54,087,903
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized	1,000,000	1,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
REVENUE	$ 13,803	$ 434,890	$ 554,149	$ 1,729,802
COST OF REVENUE	(7,389)	(312,278)	(185,146)	(1,223,587)
GROSS PROFIT	6,414	122,612	369,003	506,215
OPERATING EXPENSES
Selling expense	(433)	(80)	(691)	(1,595)
General and administrative expenses	(290,608)	(373,645)	(4,504,102)	(1,303,948)
Total Operating Expenses	(291,041)	(373,725)	(4,504,793)	(1,305,543)
LOSS FROM OPERATIONS	(284,627)	(251,113)	(4,135,790)	(799,328)
INVESTMENT INCOME, NET		36,412		36,412
OTHER INCOME/(EXPENSE), NET
Other Income	200		43,830	61,020
Other Expense	(24,441)	(22,609)	(24,635)	(21,756)
Total Other Income / (Expense), net	(24,241)	(22,609)	19,195	39,264
NET LOSS BEFORE TAXES	(308,868)	(237,310)	(4,116,595)	(723,652)
Income tax expense
Net gain/(loss)	(308,868)	(237,310)	(4,116,595)	(723,652)
OTHER COMPREHENSIVE (LOSS)/INCOME
Foreign currency translation adjustment	214,920	74,022	(12,019)	(31,804)
TOTAL COMPREHENSIVE (LOSS)	$ (93,948)	$ (163,288)	$ (4,128,614)	$ (755,456)
Weighted average number of shares outstanding during the period - basic and diluted	54,087,903	49,364,705	54,087,903	49,364,705
Net loss per share - Basic and diluted	$ 0	$ 0	$ (0.01)	$ (0.02)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (4,116,595)	$ (723,652)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation - property, plant and equipment	19,367	15,604
Issuance of employee equity incentive plan	3,409,604
Prepayment	(3,527)	(470)
Other receivables and other assets	2,403	(46,042)
Deferred tax asset		(7,914)
Inventories	26,496	(7,026)
Accounts receivable	1,944
Amount due from associate	(112,119)
Trade creditor	377	6,203
Amount due from related parties	12,216	(24,623)
Commission payables	30,808	(271,968)
Other payables and accrued expenses	162,508	(124,131)
Deferred tax liability		7,914
Tax payable		(11,901)
Net cash (used in) generated from operating activities	(566,518)	(1,188,006)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment	(39,216)	(115,286)
Purchase of intangible assets		(4,724)
Net cash used in investing activities	(39,216)	(120,010)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from directors	3,683	24,201
Proceeds from related parties	620,254	1,108,723
Net cash provided by (used in) financing activities	623,937	1,132,924
EFFECT OF EXCHANGE RATES ON CASH	46,843	(31,804)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	65,046	(206,896)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	105,432	303,794
CASH AND CASH EQUIVALENTS AT END OF YEAR	170,478	96,898
SUPPLEMENTAL OF CASH FLOW INFORMATION
Cash paid for interest expenses
Cash paid for income tax

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	1. ORGANIZATION AND BUSINESS Vitaxel Group Limited (formerly Albero, Corp., the “Company”), incorporated in Nevada, is engaged in direct selling industry and online shopping platform primarily through its operating entities in Malaysia. Vitaxel SDN BHD (“Vitaxel”), was incorporated in Malaysia on August 10, 2012. The Company is primarily engaged in the direct selling industry utilizing a multi-level marketing model with an emphasis on travel, entertainment and lifestyle products and services. Vitaxel Online Mall SDN BHD (“Vionmall”), was incorporated in Malaysia on September 22, 2015. The Company is primarily in developing online shopping platforms geared to Vitaxel and its members and the third party suppliers of products and services. Vitaxel Singapore PTE. Ltd. (“Vitaxel Singapore”) was incorporated in Singapore on February 16, 2016. This subsidiary was disposed on August 21, 2017. REVERSE ACQUISITION On January 18, 2016, the Company completed and closed a share exchange (the “Share Exchange”) under a Share Exchange Agreement (the “Share Exchange Agreement”) of the same date among us, Vitaxel SDN BHD, a Malaysian corporation (“Vitaxel”), the shareholders of Vitaxel, Vitaxel Online Mall SDN BHD, a Malaysian corporation (“Vionmall”) and the shareholders of Vionmall pursuant to which Vitaxel and Vionmall each became wholly owned subsidiaries of ours. In the Share Exchange, all of the outstanding shares of Vitaxel and Vionmall were converted into shares of our Common Stock, as described in more detail below. On January 18, 2016, in connection with the Share Exchange and pursuant to the Split-Off Agreement, we transferred our pre-Share Exchange assets and liabilities to our pre-Share Exchange majority stockholder, in exchange for the surrender by him and cancellation of 3,000,000 shares of our Common Stock As a result of the Share Exchange and Split-Off, we discontinued our pre-Share Exchange business and acquired the businesses of Vitaxel and Vionmall, and will continue the existing business operations of Vitaxel and Vionmall as a publicly-traded company under the name Vitaxel Group Limited. In accordance with “reverse acquisition” accounting treatment, our historical financial statements as of period ends, and for periods ended, prior to the acquisition will be replaced with the historical financial statements of Vitaxel and Vionmall prior to the Share Exchange in all future filings with the U.S. Securities and Exchange Commission, (the “SEC”).

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information article 8 of Regulation S-X. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s financial statements are expressed in U.S. dollars. Fiscal year end is December 31. Use of estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Foreign currency translation and transactions The functional currency of the Company is the Malaysian Ringgit (“MYR”) and reporting currency of the Company is United States Dollar “USD”). The financial statements of the Company are translated into USD using the exchange rate as of the balance sheet date for assets and liabilities and average exchange rate for the year for income and expense items. Translation gains and losses are recorded in accumulated other comprehensive income or loss as a component of shareholders’ equity. Cash and cash equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments, which are unrestricted from withdrawal or use, and which have original maturities of three months or less when purchased. Accounts receivable Accounts receivable are recognized and carried at original invoiced amount less an allowance for any potential uncollectible amounts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. The Company generally does not require collateral from its customers. For the period ended September 30, 2017 and for the year ended December 31, 2016, the Company did not write off any accounts receivable as bad debts. Fair value of financial instruments FASB ASC 820, “Fair Value Measurement,” specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). In accordance with ASC 820, the following summarizes the fair value hierarchy: Level 1 Inputs – Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. Level 2 Inputs – Inputs other than the quoted prices in active markets that are observable either directly or indirectly. Level 3 Inputs – Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements. ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurements. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. As of September 30, 2017 and December 31, 2016, none of the Company’s assets and liabilities was required to be reported at fair value on a recurring basis. Carrying values of non-derivative financial instruments, including cash, accounts receivables, payables and accrued liabilities, approximate their fair values due to the short term nature of these financial instruments. There were no changes in methods or assumptions during the periods presented. Inventories Inventories are stated at lower of cost or realizable value, effective for fiscal years beginning after December 15, 2016, with cost determined on a weighted-average method, and not to exceed net realizable value. The Company writes down its inventory balances for obsolete amounts estimated on an individual basis for the finished goods and the raw material items with large amounts, and by a category basis for low value raw material items. Long-term investment The Company’s interests in associated companies are accounted for under equity method under U.S. GAAP. Under the equity method, if the Company’s share of losses of an associated company equals or exceeds the amount of investment plus advances made by the Company, the Company ordinarily discontinues including its share of losses and the investment is reported at nil value. If the associated company subsequently reports net income, the Company will resume applying the equity method only after its share of that net income equals the share of net losses not recognized during the period the equity method was suspended. Property, plant and equipment, net Property, plant and equipment are carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives: Office equipment 10 years Furniture and fixtures 10 years Leasehold improvement 10 years Revenue recognition Product sales − The Company generally recognizes revenue upon delivery and when both the title and risk and rewards pass to the independent members or purchasers of the products. Product sales are recognized net of product returns, discounts and taxes. A reserve for product returns is accrued based on historical experience. There was no deferred revenue accrued as of September 30, 2017 and December 31, 2016. Membership fee − The Company recognizes the membership fee revenue over the term of the membership, which is 12 months. The revenue will not be recognized until the 14 days cooling-off period is expired. For the period ended September 30, 2017 and for the year ended December 31, 2016, all membership fees were waived by the Company for promotion purpose. Loyalty program The Company operates loyalty program which allows customer to accumulate redemption points when they purchase products from the Company. The redemption points can be used to purchase a selection of products at discounted price or redeem products. The Company allocates consideration received from the sale of goods to the goods sold and the redemption points issued that are expected to be redeemed. The consideration allocated to the redemptions points issued is measured at fair value of the redemption points. It is recognized as a liability (deferred revenue) in the statement of financial position and recognized as revenue when the points are redeemed, have expired or are no longer expected to be redeemed. The amount of revenue recognized is based on the number of points that have been redeemed, relative to the number expected to redeem. As of September 30, 2017 and December 31, 2016, there was no such deferred revenue recorded. Commission expense Commission expense incurred by the Company is recognized as cost of revenue and as a liability commission payable in the consolidated balance sheet. Commission expense is not recoverable once recognized and is expensed as incurred. 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 combined 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 current and non-current based on their characteristics. 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 of being sustained. Interest and penalties on income taxes are classified as a component of the provisions for income taxes. The Company did not recognize any income tax due to uncertain tax positions or incur any interest and penalties related to potential underpaid income tax expense as of September 30, 2017 and December 31, 2016. Forward Stock split On January 27, 2016, our Board of Directors declared a 1333-for-1 forward stock split of our outstanding common stock, par value $0.000001 per share in the form of a dividend (the “Stock Split”) with a record date of February 8, 2016 (the “Record Date”). On February 22, 2016, Financial Industry Regulatory Authority, Inc. (“FINRA”) notified us of its announcement of the payment date of the Stock Split as February 23, 2016 (the “Payment Date”). On the Payment Date, as a result of the Stock split, each holder of our common stock as of the Record Date received 1332 additional shares of our common stock for each one share owned, rounded up to the nearest whole share. All common stock share amounts referenced in this Quarterly Report give retroactive effect to the Stock Split. Reverse Stock split On May 25, 2017, the Board of Directors authorized and approved an amendment (the “Amendment”) to Vitaxel’s Amended and Restated Articles of Incorporation, which authorized a one hundred-to-one reverse stock split (the “Reverse Split”) of Vitaxel’s outstanding common stock, par value $0.000001 per share, with a record date of June 12, 2017 (the “Record Date”). As of the effective date of the Reverse Split, every 100 outstanding shares of the Company’s common stock automatically became one share of common stock. The Company’s authorized shares of common stock were reduced in proportion to the reverse split ratio, from 7,000,000,000 shares of authorized common stock prior to the effective date to 70,000,000 shares of authorized common stock on the effective date, and from 100,000,000 shares of authorized preferred stock prior to the effective date to 1,000,000 shares of authorized preferred stock on the effective date. Additionally, as part of the Reverse Split, the par value of both the Company’s common stock and its preferred stock was increased from $0.000001 per share to $0.0001 per share. Immediately prior to the Reverse Split the Company had 5,408,754,000 common shares issued and outstanding and had approximately 54,087,540 common shares issued and outstanding immediately after the Reverse Split. We expect that the Reverse Stock Split will (i) increase the marketability and liquidity of our common stock; (ii) address liquidity of our common stock; (iii) address the reluctance of brokerage firms and institutional investors to recommend lower priced stocks to their clients or to hold in their own portfolios; and (iv) enable us to maintain the quotation of our common stock on the OTC Markets, Inc. QB Tier. Separately, on May 30, 2017, the Board of Directors of Vitaxel authorized and approved a related increase in the par value of Vitaxel common stock from $0.000001 to $0.0001. On June 13, 2017, Vitaxel received approval from the Financial Industry Regulatory Authority (“FINRA”) to effectuate the Reverse Split at the open of business on June 15, 2017. Comprehensive loss Comprehensive loss includes net loss and cumulative foreign currency translation adjustments and is reported in the Combined Statement of Comprehensive Loss. Loss per share The loss per share is computed using the weighted average number of shares outstanding during the fiscal years. For the period ended September 30, 2017 and for the year ended December 31, 2016, there was no dilutive effect due to net loss. Related party transactions A related party is generally defined as: (i) any person that holds the Company’s securities including such person’s immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. Recently issued accounting pronouncements Revenue Recognition: Financial instrument Leases The Company believes that there were no other accounting standards recently issued that had or are expected to have a material impact on our financial position or results of operations.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	3. GOING CONCERN The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company has incurred losses since its inception resulting in an accumulated deficit of $6,345,165 as of September 30, 2017. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. These combined financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company expects to finance operations primarily through cash flow from revenue and capital contributions from principal shareholders. In the event that we require additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, our principal shareholders have indicated the intent and ability to provide additional equity financing. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent on our ability to meet obligations as they become due and to obtain additional equity or alternative financing required to fund operations until sufficient sources of recurring revenues can be generated. There can be no assurance that the Company will be successful in its plans described above or in attracting equity or alternative financing on acceptable terms, or if at all. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

OTHER RECEIVABLES AND OTHER ASS

OTHER RECEIVABLES AND OTHER ASSETS	9 Months Ended
	Sep. 30, 2017
Other Receivables And Other Assets
OTHER RECEIVABLES AND OTHER ASSETS	4. OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENTASSETS Other receivables and other assets consist of the following: As of September 30, 2017 As of December 31, 2016 Deposits (1) $ 10,884 $ 19,497 Prepayments (2) 8,597 5,070 Others (3) 8,691 2,481 $ 28,172 $ 27,048 (1) Deposits represented payments for rental, utilities, and construction funds to government department. (2) Prepayments mainly consists of prepayment for insurance and IT related fees. (3) Others mainly consists other miscellaneous payments.

LONG-TERM INVESTMENT

LONG-TERM INVESTMENT	9 Months Ended
	Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
LONG-TERM INVESTMENT	5. LONG-TERM INVESTMENT On April 20, 2016, the Company invested 958,000 Thai Baht or $27,539 to Vitaxel Corporation Thailand Co., Ltd., a company registered in Thailand, and hold 47.99% shares of it. The long-term investment is accounted using the equity method. Long-term investment consists of the following: As of September 30, 2017 As of December 31, 2016 Long-term investment - In an associated company $ 27,539 $ 27,539 Long-term investment - share of loss in investment in an associated company (24,408 ) (25,716 ) Foreign currency translation adjustment (3,131 ) (1,823 ) $ — $ —

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment, Net [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	6. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consist of the following: As of September 30, 2017 As of December 31, 2016 Office equipment $ 26,774 $ 30,476 Computer equipment 93,198 61,516 Furniture and fittings 7,648 7,131 Electrical & fitting 359 337 Motor vehicle 16,279 15,315 Software and website 11,100 7,544 Renovations 104,344 98,167 259,702 220,486 Less: Accumulated depreciation (45,184 ) (25,817 ) Balance at end of period/year $ 214,518 $ 194,669 Depreciation expenses charged to the statements of operations for the period ended September 30, 2017 and September 30, 2016 were $19,367 (3 months $8,468) and $15,604 (3 months $5,820) respectively.

ACCRUALS AND OTHER PAYABLES

ACCRUALS AND OTHER PAYABLES	9 Months Ended
	Sep. 30, 2017
Payables and Accruals [Abstract]
ACCRUALS AND OTHER PAYABLES	7. ACCRUALS AND OTHER PAYABLES Accruals and other payables consist of the following: As of September 30, 2017 As of December 31, 2016 Provisions $ 29,219 $ 21,243 Others (1) 579,776 425,244 Balance at end of period/year $ 608,995 $ 446,487 (1) Other payables mainly consist of members allocated redemption points and commission payable.

RELATED PARTIES TRANSACTIONS

RELATED PARTIES TRANSACTIONS	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
RELATED PARTIES TRANSACTIONS	8. RELATED PARTIES TRANSACTIONS As of September 30, 2017 As of December 31, 2016 Amount of due from related parties Beedo SDN BHD (1) $ 14,272 $ 18,062 Ho Wah Genting Berhad — 9,020 Ho Wah Genting Group Sdn Berhad 594 — Balance at end of period/year $ 14,866 $ 27,082 (1) Beedo SDN BHD was a subsidiary of related company Ho Wah Genting Group SDN BHD from June 25, 2015 to August 12, 2016. Amount of due from director Lim Wee Kiat $ — $ 1,482 Leong Yee Ming $ 1,744 $ 3,945 Balance at end of period/year $ 1,744 $ 5,427 Amount of due from an associated company Vitaxel Corporation (Thailand) Limited (4) $ 108,406 $ — Balance at end of period/year $ 108,406 $ — Amount of due to related parties Dato’ Lim Hui Boon (1) $ 64,442 $ — Ho Wah Genting Group Sdn Berhad (2) 693,854 607,918 Ho Wah Genting Holiday Sdn Bhd (3) 2,025 8,087 Genting Highlands Taxi Services Sdn Bhd (4) 14,885 16,234 VSpark Malaysia Sdn Bhd 4,761 — Grande Legacy Inc. (5) 748,032 — Balance at end of period/year $ 1,527,999 $ 632,239 (1) As of September 30, 2017 and December 31, 2016, the amount due to the President of the Company, Dato’ Lim Hui Boon was $64,442 and $0, respectively. These amounts were unsecured, interest-free and repayable on demand. (2) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of Ho Wah Genting Group Sdn Bhd. (3) A former director of the Company, Lim Chun Hoo, is also a director of Ho Wah Genting Holiday Sdn Bhd. On March 31, 2017, Lim Chun Hoo resigned from the Company. (4) A director of the Company, Lim Wee Kiat, is also a director of Genting Highlands Taxi Services Sdn Bhd and of Vitaxel Sdn Bhd. (5) A director of the Company, Leong Yee Ming, is also a director of Grande Legacy Inc. The amount due to the Company’s associated company, Vitaxel Corp. (Thailand) Ltd., was $0 as of September 30, 2017 and $279,219 as of December 31, 2016. The Company recognized an expense of $127,728 pertaining for event, traveling and accommodation expenses during the three months (nine months $223,429) ended September 30, 2017, which was charged to its related company, Ho Wah Genting Holiday Sdn. Bhd. The Company recognized an expense of rent totalling $60,790 of which $4,818 during the three months ended September 30, 2017 was paid to its affiliate, Ho Wah Genting Berhad and $14,453 was paid to Malaysia-Beijing Travel Services Sdn Bhd. The operating lease commitment to Ho Wah Genting Berhad as of September 30, 2017 was $24,088 and $14,453 to Malaysia-Beijing Travel Services Sdn Bhd. The lease commitment are disclosed in note 9 COMMITMENTS AND CONTINGENCIES below under the heading Operation Commitments. The Company recognized an expense of $9,678 pertaining for website maintenance expense during the three months (nine months $61,231) ended September 30, 2017, which was charged by its related company, Beedo Sdn. Bhd.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES Capital Commitments The Company engaged a third party to develop an operation software with the total contract amount of $48,069 as of September 30, 2017. Operation Commitments The total future minimum lease payments under the non-cancellable operating lease with respect to the office and the dormitory, as well as hardware trading platform as of September 30, 2017 are payable as follows: Year ending December 31, 2017 90,810 Year ending December 31, 2018 22,122 Total $ 112,932 Rental expense of the Company was $60,789 and $90,527 for the period ended September 30, 2017 and 2016, respectively.

CORRECTION OF ERROR

CORRECTION OF ERROR	9 Months Ended
	Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract]
CORRECTION OF ERROR	10. CORRECTION OF ERROR On April 16, 2018 the Board of Directors of Vitaxel Group Limited (the “Company”) determined that the Quarterly Reports on Form 10-Q for the periods ended March 31, 2017, June 30, 2017 and September 30, 2017 need to be revised. These revisions are necessary due to errors with respect to the (i) cost of goods sold, (ii) shares issued in January 2017 and in March 2017 and (iii) minor corrections in the revenues. Management noted an error in billing to its related party, Vitaxel Corporation Thailand Co., Ltd, for goods sold to them during the two quarters of fiscal year ended December 31, 2017 which led to the changes in cost of goods sold. It was also discovered that shares issued on January 4, 2017 and on March 21, 2017 were not properly recorded in the Form 10-Q for the period ended March 31, 2017. Due to miscommunications within the Company, the shares issued pursuant to the 2016 Equity Incentive Plan were not recorded. As a result of these errors, cost of goods sold were understated by $3,395, overstated by $25,465 and $51,609 respectively for the periods ended March 31, 2017, June 30, 2017 and September 30, 2017. General and administrative expenses were understated by $3,409,604 for the periods ended March 31, 2017, June 30, 2017 and September 30, 2017. Revenue was understated by $38,925 and $22,236 respectively for the periods ended March 31, 2017 and June 30, 2017, and overstated by $3,713 for the period ended September 30, 2017. Accordingly, the previously filed reports should no longer be relied upon and the Company has revised its Consolidated Balance Sheet as of March 31, 2017, June 30, 2017 and September 30, 2017 and Consolidated Statement of Income and Comprehensive Loss for three months ended March 31, 2017, six months ended June 30, 2017 and nine months ended September 30, 2017. The effect of recording the corrections on certain balance sheet accounts are set forth in the below table. The presentation in the Consolidated Statement of Cash Flows have also been restated accordingly. For 3 months ended March 31, 2017 For Six-Month Period ended June 30, 2017 For Nine-Month Period ended September 30, 2017 Accounts As Reported As Revised As Reported As Revised As Reported As Revised Total Revenue $ 445,178 $ 483,473 $ 535,793 $ 558,029 $ 557,862 $ 554,149 Cost of Revenue (135,589 ) (138,984 ) (203,222 ) (177,757 ) (236,755 ) (185,146 ) Gross Profit 309,589 344,489 332,571 380,272 321,107 369,003 General and administrative expenses (527,060 ) (3,936,664 ) (803,890 ) (4,213,494 ) (1,094,498 ) (4,504,102 ) Loss From Operations (527,161 ) (3,592,276 ) (471,577 ) (3,833,480 ) (774,082 ) (4,135,790 ) Net Loss (207,412 ) (3,582,116 ) (428,141 ) (3,790,044 ) (754,887 ) (4,116,595 ) Total Comprehensive Loss (111,688 ) (3,486,392 ) (655,080 ) (4,016,983 ) (766,906 ) (4,128,614 ) Amount due from an associated company 40,957 79,252 117,156 139,392 112,119 108,406 Accrual and other payables 610,778 614,173 694,100 668,635 660,604 608,995 Additional paid-in capital 1,340,504 4,749,798 1,340,504 4,749,798 1,340,194 4,749,798 Accumulated deficit (2,870,496 ) (6,245,200 ) (2,697,919 ) (6,059,822 ) (2,983,457 ) (6,345,165 )

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information article 8 of Regulation S-X. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s financial statements are expressed in U.S. dollars. Fiscal year end is December 31.
Use of estimates	Use of estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Foreign currency translation and transactions	Foreign currency translation and transactions The functional currency of the Company is the Malaysian Ringgit (“MYR”) and reporting currency of the Company is United States Dollar “USD”). The financial statements of the Company are translated into USD using the exchange rate as of the balance sheet date for assets and liabilities and average exchange rate for the year for income and expense items. Translation gains and losses are recorded in accumulated other comprehensive income or loss as a component of shareholders’ equity.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments, which are unrestricted from withdrawal or use, and which have original maturities of three months or less when purchased.
Accounts receivable	Accounts receivable Accounts receivable are recognized and carried at original invoiced amount less an allowance for any potential uncollectible amounts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. The Company generally does not require collateral from its customers. For the period ended September 30, 2017 and for the year ended December 31, 2016, the Company did not write off any accounts receivable as bad debts.
Fair value of financial instruments	Fair value of financial instruments FASB ASC 820, “Fair Value Measurement,” specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). In accordance with ASC 820, the following summarizes the fair value hierarchy: Level 1 Inputs – Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. Level 2 Inputs – Inputs other than the quoted prices in active markets that are observable either directly or indirectly. Level 3 Inputs – Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements. ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurements. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. As of September 30, 2017 and December 31, 2016, none of the Company’s assets and liabilities was required to be reported at fair value on a recurring basis. Carrying values of non-derivative financial instruments, including cash, accounts receivables, payables and accrued liabilities, approximate their fair values due to the short term nature of these financial instruments. There were no changes in methods or assumptions during the periods presented.
Inventories	Inventories Inventories are stated at lower of cost or realizable value, effective for fiscal years beginning after December 15, 2016, with cost determined on a weighted-average method, and not to exceed net realizable value. The Company writes down its inventory balances for obsolete amounts estimated on an individual basis for the finished goods and the raw material items with large amounts, and by a category basis for low value raw material items.
Long-term investment	Long-term investment The Company’s interests in associated companies are accounted for under equity method under U.S. GAAP. Under the equity method, if the Company’s share of losses of an associated company equals or exceeds the amount of investment plus advances made by the Company, the Company ordinarily discontinues including its share of losses and the investment is reported at nil value. If the associated company subsequently reports net income, the Company will resume applying the equity method only after its share of that net income equals the share of net losses not recognized during the period the equity method was suspended.
Property, plant and equipment, net	Property, plant and equipment, net Property, plant and equipment are carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives: Office equipment 10 years Furniture and fixtures 10 years Leasehold improvement 10 years
Revenue recognition	Revenue recognition Product sales − The Company generally recognizes revenue upon delivery and when both the title and risk and rewards pass to the independent members or purchasers of the products. Product sales are recognized net of product returns, discounts and taxes. A reserve for product returns is accrued based on historical experience. There was no deferred revenue accrued as of September 30, 2017 and December 31, 2016. Membership fee − The Company recognizes the membership fee revenue over the term of the membership, which is 12 months. The revenue will not be recognized until the 14 days cooling-off period is expired. For the period ended September 30, 2017 and for the year ended December 31, 2016, all membership fees were waived by the Company for promotion purpose.
Loyalty program	Loyalty program The Company operates loyalty program which allows customer to accumulate redemption points when they purchase products from the Company. The redemption points can be used to purchase a selection of products at discounted price or redeem products. The Company allocates consideration received from the sale of goods to the goods sold and the redemption points issued that are expected to be redeemed. The consideration allocated to the redemptions points issued is measured at fair value of the redemption points. It is recognized as a liability (deferred revenue) in the statement of financial position and recognized as revenue when the points are redeemed, have expired or are no longer expected to be redeemed. The amount of revenue recognized is based on the number of points that have been redeemed, relative to the number expected to redeem. As of September 30, 2017 and December 31, 2016, there was no such deferred revenue recorded.
Commission expense	Commission expense Commission expense incurred by the Company is recognized as cost of revenue and as a liability commission payable in the consolidated balance sheet. Commission expense is not recoverable once recognized and is expensed as incurred.
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 combined 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 current and non-current based on their characteristics. 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 of being sustained. Interest and penalties on income taxes are classified as a component of the provisions for income taxes. The Company did not recognize any income tax due to uncertain tax positions or incur any interest and penalties related to potential underpaid income tax expense as of September 30, 2017 and December 31, 2016.
Forward Stock split	Forward Stock split On January 27, 2016, our Board of Directors declared a 1333-for-1 forward stock split of our outstanding common stock, par value $0.000001 per share in the form of a dividend (the “Stock Split”) with a record date of February 8, 2016 (the “Record Date”). On February 22, 2016, Financial Industry Regulatory Authority, Inc. (“FINRA”) notified us of its announcement of the payment date of the Stock Split as February 23, 2016 (the “Payment Date”). On the Payment Date, as a result of the Stock split, each holder of our common stock as of the Record Date received 1332 additional shares of our common stock for each one share owned, rounded up to the nearest whole share. All common stock share amounts referenced in this Quarterly Report give retroactive effect to the Stock Split.
Reverse Stock split	Reverse Stock split On May 25, 2017, the Board of Directors authorized and approved an amendment (the “Amendment”) to Vitaxel’s Amended and Restated Articles of Incorporation, which authorized a one hundred-to-one reverse stock split (the “Reverse Split”) of Vitaxel’s outstanding common stock, par value $0.000001 per share, with a record date of June 12, 2017 (the “Record Date”). As of the effective date of the Reverse Split, every 100 outstanding shares of the Company’s common stock automatically became one share of common stock. The Company’s authorized shares of common stock were reduced in proportion to the reverse split ratio, from 7,000,000,000 shares of authorized common stock prior to the effective date to 70,000,000 shares of authorized common stock on the effective date, and from 100,000,000 shares of authorized preferred stock prior to the effective date to 1,000,000 shares of authorized preferred stock on the effective date. Additionally, as part of the Reverse Split, the par value of both the Company’s common stock and its preferred stock was increased from $0.000001 per share to $0.0001 per share. Immediately prior to the Reverse Split the Company had 5,408,754,000 common shares issued and outstanding and had approximately 54,087,540 common shares issued and outstanding immediately after the Reverse Split. We expect that the Reverse Stock Split will (i) increase the marketability and liquidity of our common stock; (ii) address - Separately, on May 30, 2017, the Board of Directors of Vitaxel authorized and approved a related increase in the par value of Vitaxel common stock from $0.000001 to $0.0001. On June 13, 2017, Vitaxel received approval from the Financial Industry Regulatory Authority (“FINRA”) to effectuate the Reverse Split at the open of business on June 15, 2017.
Comprehensive loss	Comprehensive loss Comprehensive loss includes net loss and cumulative foreign currency translation adjustments and is reported in the Combined Statement of Comprehensive Loss.
Loss per share	Loss per share The loss per share is computed using the weighted average number of shares outstanding during the fiscal years. For the period ended September 30, 2017 and for the year ended December 31, 2016, there was no dilutive effect due to net loss.
Related party transactions	Related party transactions A related party is generally defined as: (i) any person that holds the Company’s securities including such person’s immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.
Recently issued accounting pronouncements	Recently issued accounting pronouncements Revenue Recognition: Financial instrument Leases The Company believes that there were no other accounting standards recently issued that had or are expected to have a material impact on our financial position or results of operations.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Schedule of property, plant and equipment estimated useful lives	Office equipment 10 years Furniture and fixtures 10 years Leasehold improvement 10 years

OTHER RECEIVABLES AND OTHER A18

OTHER RECEIVABLES AND OTHER ASSETS (Tables)	9 Months Ended
	Sep. 30, 2017
Other Receivables And Other Assets
Schedule of other receivables and other assets	As of September 30, 2017 As of December 31, 2016 Deposits (1) $ 10,884 $ 19,497 Prepayments (2) 8,597 5,070 Others (3) 8,691 2,481 $ 28,172 $ 27,048

LONG-TERM INVESTMENT (Tables)

LONG-TERM INVESTMENT (Tables)	9 Months Ended
	Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Schedule of long-term investment	Long-term investment consists of the following: As of September 30, 2017 As of December 31, 2016 Long-term investment - In an associated company $ 27,539 $ 27,539 Long-term investment - share of loss in investment in an associated company (24,408 ) (25,716 ) Foreign currency translation adjustment (3,131 ) (1,823 ) $ — $ —

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment, Net [Abstract]
Schedule of property, plant and equipment, net	Property, plant and equipment, net consist of the following: As of September 30, 2017 As of December 31, 2016 Office equipment $ 26,774 $ 30,476 Computer equipment 93,198 61,516 Furniture and fittings 7,648 7,131 Electrical & fitting 359 337 Motor vehicle 16,279 15,315 Software and website 11,100 7,544 Renovations 104,344 98,167 259,702 220,486 Less: Accumulated depreciation (45,184 ) (25,817 ) Balance at end of period/year $ 214,518 $ 194,669

ACCRUALS AND OTHER PAYABLES (Ta

ACCRUALS AND OTHER PAYABLES (Tables)	9 Months Ended
	Sep. 30, 2017
Payables and Accruals [Abstract]
Schedule of accruals and other payables	As of September 30, 2017 As of December 31, 2016 Provisions $ 29,219 $ 21,243 Others (1) 579,776 425,244 Balance at end of period/year $ 608,995 $ 446,487

RELATED PARTIES TRANSCTIONS (Ta

RELATED PARTIES TRANSCTIONS (Tables)	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Schedule of amount of due from related parties	As of September 30, 2017 As of December 31, 2016 Amount of due from related parties Beedo SDN BHD (1) $ 14,272 $ 18,062 Ho Wah Genting Berhad — 9,020 Ho Wah Genting Group Sdn Berhad 594 — Balance at end of period/year $ 14,866 $ 27,082
Schedule of due to director	As of As of September 30, December 31, Amount of due from director 2017 2016 Lim Wee Kiat — 1,482 Leong Yee Ming 1,744 3,945 Balance at end of period/year 1,744 5,427
Schedule of amount due from an associate company	Amount of due from an associated company Vitaxel Corporation (Thailand) Limited (4) $ 108,406 $ — Balance at end of period/year $ 108,406 $ —
Schedule of amount of due to related parties	As of As of September 30, December 31, Amount of due to related parties 2017 2016 Dato’ Lim Hui Boon (1) $ 64,442 $ — Ho Wah Genting Group Sdn Berhad (2) $ 6,93,854 $ 6,07,918 Ho Wah Genting Holiday Sdn Bhd (3) 2,025 8,087 Genting Highlands Taxi Services Sdn Bhd (4) 14,885 16,234 V Spark Malaysia Sdn Bhd 4,761 — Grande Legacy Inc. (5) 7,48,032 — Balance at end of period/year 15,27,999 6,32,239

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments under the non-cancellable operating lease	The total future minimum lease payments under the non-cancellable operating lease with respect to the office and the dormitory, as well as hardware trading platform as of September 30, 2017 are payable as follows: Year ending December 31, 2017 90,810 Year ending December 31, 2018 22,122 Total $ 112,932

CORRECTION OF ERROR (Tables)

CORRECTION OF ERROR (Tables)	9 Months Ended
	Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract]
CORRECTION OF ERROR	For 3 months ended March 31, 2017 For Six-Month Period ended June 30, 2017 For Nine-Month Period ended September 30, 2017 Accounts As Reported As Revised As Reported As Revised As Reported As Revised Total Revenue $ 445,178 $ 483,473 $ 535,793 $ 558,029 $ 557,862 $ 554,149 Cost of Revenue (135,589 ) (138,984 ) (203,222 ) (177,757 ) (236,755 ) (185,146 ) Gross Profit 309,589 344,489 332,571 380,272 321,107 369,003 General and administrative expenses (527,060 ) (3,936,664 ) (803,890 ) (4,213,494 ) (1,094,498 ) (4,504,102 ) Loss From Operations (527,161 ) (3,592,276 ) (471,577 ) (3,833,480 ) (774,082 ) (4,135,790 ) Net Loss (207,412 ) (3,582,116 ) (428,141 ) (3,790,044 ) (754,887 ) (4,116,595 ) Total Comprehensive Loss (111,688 ) (3,486,392 ) (655,080 ) (4,016,983 ) (766,906 ) (4,128,614 ) Amount due from an associated company 40,957 79,252 117,156 139,392 112,119 108,406 Accrual and other payables 610,778 614,173 694,100 668,635 660,604 608,995 Additional paid-in capital 1,340,504 4,749,798 1,340,504 4,749,798 1,340,194 4,749,798 Accumulated deficit (2,870,496 ) (6,245,200 ) (2,697,919 ) (6,059,822 ) (2,983,457 ) (6,345,165 )

ORGANIZATION AND BUSINESS (Deta

ORGANIZATION AND BUSINESS (Details Narrative)	Jan. 18, 2016shares
Share Exchange & Split-Off Agreement [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Number of shares surrender and cancellation	3,000,000

SUMMARY OF SIGNIFICANT ACCOUN26

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Sep. 30, 2017
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P10Y
Furniture and fittings [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P10Y
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P10Y

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - $ / shares	Feb. 23, 2016	Jan. 27, 2016	Sep. 30, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Description of uncertain income tax position			An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.
Description of forward stock split ratio		1333-for-1 forward stock split
Common stock, par value (in dollars per share)		$ 0.000001	$ 0.0001	$ 0.0001
Number of shares issued upon forward stock split	1,332
Description of reverse stock split			As of the effective date of the Reverse Split, every 100 outstanding shares of the Company’s common stock automatically became one share of common stock. The Company’s authorized shares of common stock were reduced in proportion to the reverse split ratio, from 7,000,000,000 shares of authorized common stock prior to the effective date to 70,000,000 shares of authorized common stock on the effective date, and from 100,000,000 shares of authorized preferred stock prior to the effective date to 1,000,000 shares of authorized preferred stock on the effective date. Additionally, as part of the Reverse Split, the par value of both the Company’s common stock and its preferred stock was increased from $0.000001 per share to $0.0001 per share. Immediately prior to the Reverse Split the Company had 5,408,754,000 common shares issued and outstanding and had approximately 54,087,540 common shares issued and outstanding immediately after the Reverse Split.

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 6,345,165	$ 2,639,138

OTHER RECEIVABLES AND OTHER A29

OTHER RECEIVABLES AND OTHER ASSETS (Details) - USD ($)		Sep. 30, 2017	Dec. 31, 2016
Other Receivables And Other Assets
Deposits	[1]	$ 10,884	$ 19,497
Prepayments	[2]	8,597	5,070
Others	[3]	8,691	2,481
Total other receivables and other assets		$ 28,172	$ 27,048
[1]	Deposits represented payments for rental and utilities.
[2]	Prepayments mainly consists of prepayment for insurance and IT related fees.
[3]	Others mainly consists other miscellaneous payments.

LONG-TERM INVESTMENT (Details)

LONG-TERM INVESTMENT (Details) - Vitaxel Corp Thailand, Ltd [Member] - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Apr. 20, 2016
Long-term investment - cost	$ 27,539	$ 27,539	$ 27,539
Long-term investment - share of loss in investment in an associated company	(24,408)	(25,716)
Foreign currency translation adjustment	(3,131)	(1,823)
Long-term investment

LONG-TERM INVESTMENT (Details N

LONG-TERM INVESTMENT (Details Narrative) - Vitaxel Corp Thailand, Ltd [Member] - USD ($)	Sep. 30, 2017	Dec. 31, 2016	Apr. 20, 2016
Long-term investment -cost	$ 27,539	$ 27,539	$ 27,539
Ownership percentage			47.99%
Thailand, Baht [Member]
Long-term investment -cost			$ 958,000

PROPERTY, PLANT AND EQUIPMENT32

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	$ 259,702	$ 220,486
Less: Accumulated depreciation	(45,184)	(25,817)
Balance at end of period/year	214,518	194,669
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	26,774	30,476
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	93,198	61,516
Furniture and fittings [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	7,648	7,131
Electrical and Fitting [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	359	337
Motor Vehicle [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	16,279	15,315
Software and Website [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	11,100	7,544
Renovations [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	$ 104,344	$ 98,167

PROPERTY, PLANT AND EQUIPMENT33

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Property, Plant and Equipment, Net [Abstract]
Depreciation expenses	$ 8,468	$ 5,820	$ 19,367	$ 15,604

ACCRUALS AND OTHER PAYABLES (De

ACCRUALS AND OTHER PAYABLES (Details) - USD ($)		Sep. 30, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Provisions		$ 29,219	$ 21,243
Others	[1]	579,776	425,244
Balance at end of period/year		$ 608,995	$ 446,487
[1]	Other payables mainly consist of members allocated redemption points and commission payable.

RELATED PARTIES TRANSCTIONS (De

RELATED PARTIES TRANSCTIONS (Details) - USD ($)		Sep. 30, 2017	Dec. 31, 2016
Amount of due from related parties		$ 14,866	$ 27,082
Beedo SDN BHD [Member]
Amount of due from related parties	[1]	14,272	18,062
Ho Wah Genting Group Sdn Berhad [Member]
Amount of due from related parties			9,020
Ho Wah Genting Berhad [Member]
Amount of due from related parties		$ 594
[1]	Beedo SDN BHD was a subsidiary of related company Ho Wah Genting Group SDN BHD from June 25, 2015 to August 12, 2016.

RELATED PARTIES TRANSCTIONS (36

RELATED PARTIES TRANSCTIONS (Details 1) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Amounts due to a director	$ 1,744	$ 5,427
LIM WEE KIAT [Member]
Amounts due to a director		1,482
LEONG YEE MING [Member]
Amounts due to a director	$ 1,744	$ 3,945

RELATED PARTIES TRANSCTIONS (37

RELATED PARTIES TRANSCTIONS (Details 2) - USD ($)		Sep. 30, 2017	Dec. 31, 2016
Amounts due to an associated company		$ 108,406
Vitaxel Corp Thailand, Ltd [Member]
Amounts due to an associated company	[1]	$ 108,406
[1]	A director of the Company, Lim Wee Kiat, is also a director of Genting Highlands Taxi Services Sdn Bhd and of Vitaxel Sdn Bhd.

RELATED PARTIES TRANSCTIONS (38

RELATED PARTIES TRANSCTIONS (Details 3) - USD ($)		Sep. 30, 2017	Dec. 31, 2016
Due to a related party		$ 1,527,999	$ 632,239
Dato Lim Hui Boon [Member]
Due to a related party	[1]	64,442
Ho Wah Genting Group Sdn Berhad [Member]
Due to a related party	[2]	693,854	607,918
Ho Wah Genting Group Sdn Bhd [Member]
Due to a related party	[3]	2,025	8,087
Genting Highlands Taxi Services SDN BHD [Member]
Due to a related party	[4]	14,885	16,234
V Spark Malaysia Sdn Bhd [Member]
Due to a related party		4,761
Grande LegacyInc [Member]
Due to a related party	[5]	$ 748,032
[1]	As of September 30, 2017 and December 31, 2016, the amount due to the President of the Company, Dato Lim Hui Boon was $64,442 and $0, respectively. These amounts were unsecured, interest-free and repayable on demand.
[2]	The President of the Company, Dato Lim Hui Boon, is also the Group President of Ho Wah Genting Group Sdn Bhd.
[3]	A former director of the Company, Lim Chun Hoo, is also a director of Ho Wah Genting Holiday Sdn Bhd. On March 31, 2017, Lim Chun Hoo resigned from the Company.
[4]	A director of the Company, Lim Wee Kiat, is also a director of Genting Highlands Taxi Services Sdn Bhd and of Vitaxel Sdn Bhd.
[5]	A director of the Company, Leong Yee Ming, is also a director of Grande Legacy Inc.

RELATED PARTIES TRANSCTIONS (39

RELATED PARTIES TRANSCTIONS (Details Narrative) - USD ($)		3 Months Ended	9 Months Ended
		Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Related Party Transaction [Line Items]
Due to a related party		$ 1,527,999	$ 1,527,999		$ 632,239
Rent expenses			60,789	$ 90,527
Vitaxel Corp Thailand, Ltd [Member]
Related Party Transaction [Line Items]
Due to a related party		0	0		279,219
Dato Lim Hui Boon [Member]
Related Party Transaction [Line Items]
Due to a related party	[1]	64,442	64,442
Beedo SDN BHD [Member]
Related Party Transaction [Line Items]
Website maintenance expense		9,678	61,231
Ho Wah Genting Berhad [Member]
Related Party Transaction [Line Items]
Amount paid to affiliate		4,818
Rent expenses		60,790
Operating lease commitment		24,088	24,088
Malaysia-Beijing Travel Services Sdn Bhd [Member]
Related Party Transaction [Line Items]
Rent expenses		14,453
Operating lease commitment		14,453	14,453
Ho Wah Genting Holiday Sdn. Bhd [Member]
Related Party Transaction [Line Items]
Traveling and accommodation expenses		$ 127,728	$ 223,429
[1]	As of September 30, 2017 and December 31, 2016, the amount due to the President of the Company, Dato Lim Hui Boon was $64,442 and $0, respectively. These amounts were unsecured, interest-free and repayable on demand.

COMMITMENTS AND CONTINGENCIES40

COMMITMENTS AND CONTINGENCIES (Details)	Sep. 30, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
Year ending December 31, 2017	$ 90,810
Year ending December 31, 2018	22,122
Total	$ 112,932

COMMITMENTS AND CONTINGENCIES41

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Rental expense	$ 60,789	$ 90,527
Capital Commitments	$ 48,069

CORRECTION OF ERROR (Details)

CORRECTION OF ERROR (Details) - USD ($)	3 Months Ended			6 Months Ended	9 Months Ended
	Sep. 30, 2017	Mar. 31, 2017	Sep. 30, 2016	Jun. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Gross Profit	$ 6,414		$ 122,612		$ 369,003	$ 506,215
General and administrative expenses	(290,608)		(373,645)		(4,504,102)	(1,303,948)
Net Loss	(308,868)		(237,310)		(4,116,595)	(723,652)
Total Comprehensive Loss	(93,948)		$ (163,288)		(4,128,614)	$ (755,456)
Amount due from an associated company	108,406				108,406
Accumulated deficit	(6,345,165)				(6,345,165)		$ (2,639,138)
Scenario, Previously Reported [Member]
Total Revenue		$ 445,178		$ 535,793	557,862
Cost of Revenue		(135,589)		(203,222)	(236,755)
Gross Profit		309,589		332,571	321,107
General and administrative expenses		(527,060)		(803,890)	(1,094,498)
Loss From Operations		(527,161)		(471,577)	(774,082)
Net Loss		(207,412)		(428,141)	(754,887)
Total Comprehensive Loss		(111,688)		(655,080)	(766,906)
Amount due from an associated company	112,119	40,957		117,156	112,119
Accrual and other payables	660,604	610,778		694,100	660,604
Additional paid-in capital	1,340,194	1,340,504		1,340,504	1,340,194
Accumulated deficit	(2,983,457)	(2,870,496)		(2,697,919)	(2,983,457)
As Revised [Member]
Total Revenue		483,473		558,029	554,149
Cost of Revenue		(138,984)		(177,757)	(185,146)
Gross Profit		344,489		380,272	369,003
General and administrative expenses		(3,936,664)		(4,213,494)	(4,504,102)
Loss From Operations		(3,592,276)		(3,833,480)	(4,135,790)
Net Loss		(3,582,116)		(3,790,044)	(4,116,595)
Total Comprehensive Loss		(3,486,392)		(4,016,983)	(4,128,614)
Amount due from an associated company	108,406	79,252		139,392	108,406
Accrual and other payables	608,995	614,173		668,635	608,995
Additional paid-in capital	4,749,798	4,749,798		4,749,798	4,749,798
Accumulated deficit	$ (6,345,165)	$ (6,245,200)		$ (6,059,822)	$ (6,345,165)

CORRECTION OF ERROR (Details Na

CORRECTION OF ERROR (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended	9 Months Ended
	Mar. 31, 2017	Jun. 30, 2017	Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract]
Cost of goods sold undercasted/overstated	$ (3,395)	$ 25,465	$ 51,609
General and administrative expenses understated	(3,409,604)	(3,409,604)	(3,409,604)
Revenue undercasted/overstated	$ (38,925)	$ (22,236)	$ 3,713