Fintech Scion (FINR) 10-Q 13 Jun 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Jun. 08, 2018
Document And Entity Information
Entity Registrant Name	Vitaxel Group Ltd
Entity Central Index Key	1,623,590
Document Type	10-Q
Trading Symbol	VXEL
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
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	Q1
Document Fiscal Year Focus	2,018

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 1,413,442	$ 691,199
Amount due from related parties	415,616	136,010
Inventories	26,795	28,525
Other receivables, prepayments and other current assets	22,306	44,305
Total Current Assets	1,878,159	900,039
NON-CURRENT ASSETS
Long-term investments	638,786
Property, plant and equipment, net	235,862	231,058
Total Non-Current Assets	874,648	231,058
TOTAL ASSETS	2,752,807	1,131,097
CURRENT LIABILITIES
Amounts due to related parties	4,600,150	2,370,003
Commission payables	158,640	152,871
Accounts payable		31,406
Accrued expense and other payables	398,379	492,813
Total Current Liabilities	5,157,169	3,047,093
TOTAL LIABILITIES	5,157,169	3,047,093
STOCKHOLDERS' EQUITY
Common stock par value $0.0001: 70,000,000 shares authorized; 54,087,903 and 54,087,903 shares issued and outstanding, respectively	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	4,749,798
Accumulated deficit	(7,179,203)	(6,776,474)
Accumulated other comprehensive income	19,634	105,271
Total Stockholders' Equity	(2,404,362)	(1,915,996)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,752,807	$ 1,131,097

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
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
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
REVENUE	$ 12,715	$ 483,473
COST OF REVENUE	(2,542)	(138,984)
GROSS PROFIT	10,173	344,489
OPERATING EXPENSES
Selling expense	(681)	(101)
General and administrative expenses	(306,936)	(3,936,664)
Total Operating Expenses	(307,617)	(3,936,765)
LOSS FROM OPERATIONS	(297,444)	(3,592,276)
OTHER INCOME/(EXPENSE), NET
Other Income		10,240
Other Expense	(105,285)	(80)
Total Other Income / (Expense), net	(105,285)	10,160
LOSS BEFORE TAXES	(402,729)	(3,582,116)
Income tax expense
Net Loss	(402,729)	(3,582,116)
OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustment	(85,637)	(95,724)
TOTAL COMPREHENSIVE LOSS	$ (488,366)	$ (3,486,392)
Weighted average number of common shares outstanding - basic and diluted	54,087,903	54,087,903
Net income / (loss) per share - basic and diluted	$ (0.01)	$ (0.06)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income / (loss)	$ (402,729)	$ (3,582,116)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:
Depreciation - property, plant and equipment	10,032	6,125
Issuance of employee equity incentive plan		3,409,604
Changes in operating assets and liabilities
Accounts receivable		1,944
Other receivables, prepayments and other current assets	21,999	(16,288)
Inventories	1,730	16,582
Amount due from associated company	11,379
Accounts Payable	(31,406)	(6,054)
Commission payables	5,769	43,502
Other payables and accrued expenses	(94,434)	97,163
Net cash used in from operating activities	(477,660)	(29,538)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of short term investments	(638,786)
Purchase of property, plant and equipment	(14,836)	(12,074)
Net cash used in investing activities	(653,622)	(12,074)
CASH FLOWS FROM FINANCING ACTIVITIES
(Repayments) / Proceeds from directors	(40,491)	59,911
Proceeds / (Repayments) from related parties	1,979,653	(104,764)
Net cash provided by (used in) financing activities	1,939,162	(44,883)
EFFECT OF EXCHANGE RATES ON CASH	(85,637)	71,484
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	722,243	(15,011)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	691,199	105,432
CASH AND CASH EQUIVALENTS AT END OF YEAR	1,413,442	90,421
SUPPLEMENTAL OF CASH FLOW INFORMATION
Cash paid for interest expenses
Cash paid for income tax

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	3 Months Ended
	Mar. 31, 2018
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 SBN 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. 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 SEC.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2018
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 In the opinion of management, we have made all adjustments necessary to present a fair statements of the financial position as of March 31, 2018, results of operations for the three months ended March 31, 2018 and 2017, and cash flows for the three months ended March 31, 2018 and 2017. All significant intercompany transactions and balances are eliminated on consolidation. Fiscal year end is December 31. Use of estimates The preparation of unaudited 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. 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 March 31, 2018 and December 31, 2017, none of the Company’s assets and liabilities was required to be reported at fair value on a recurring basis. Security investment is valued at closing price reported on the active market on which the individual securities are traded. Carrying values of non-derivative financial instruments, including cash, 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. In the first quarter of 2018, we adopted the ASU 2016-01, Financial Instruments — Overall (Subtopic 825-10). Under the new ASC, entities no longer use the cost method of accounting as it was applied before, but it can elect a measurement alternative for equity investments that do not have readily determinable fair values and do not qualify for the practical expedient in ASC 820 to estimate fair value using the NAV per share. After management’s assessment of each of the equity investments, management concluded that investments should be accounted for using measurement alternative. Under the alternative, the Company measures these investments at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer, and the Company has to make a separate election to use the alternative for each eligible investment and has to apply the alternative consistently from period to period until the investment’s fair value becomes readily determinable. ASU further requires that the Company should use prospective method for all equity investments without readily determinable fair values. Inventories Inventories are stated at lower of cost or net realizable value, with cost determined on a weighted-average method. 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 Investment in associated Companies - 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. Other long-term investments - The Company measures its equity securities without a readily determinable fair value that does not qualify for the practical expedient to estimate fair value in accordance with paragraph 820-10-35-59 at its cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company shall reassess at each reporting period its equity securities on whether the equity investments qualify to be measured in accordance with paragraph 820-10-35-59. 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 Computer equipment 10 years Furniture and fixtures 10 years Electircal & fitting 10 years Motor vehicle 10 years Softwarre and website 10 years Leasehold improvement 10 years Revenue recognition The Company recognizes revenue pursuant to FASB Accounting Standards Codification 606 (“ASC 606”) Revenue from Contracts with Customers Product sales − The Company recognizes revenue when it satisfies each performance obligation by transferring control of the goods 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 March 31, 2018 and December 31, 2017. 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 10 days cooling-off period is expired. For the period ended March 31, 2018 and 2017, all membership fees were waived by the Company for promotion purpose. Commission expense Commission expense incurred by the Company is recognized as cost of revenue and as a liability (commission payable in the unaudited 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. U.S. Corporate Income Tax The Company is subject to U.S. corporate income tax on its taxable income at a rate of up to 21% for taxable years beginning after December 31, 2017 and U.S. corporate income tax on its taxable income of up to 35% for prior tax years. Recent U.S. federal tax legislation, commonly referred to as the Tax Cuts and Jobs Act (the “U.S. Tax Reform”), was signed into law on December 22, 2017. The U.S. Tax Reform significantly modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transition tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings. Taxpayers may elect to pay the one-time transition tax over eight years, or in a single lump-sum payment. See Note 8 – Income Tax. To the extent that portions of its U.S. taxable income, such as Subpart F income or global intangible low-taxed income (“GILTI”), are determined to be from sources outside of the U.S., subject to certain limitations, the Company may be able to claim foreign tax credits to offset its U.S. income tax liabilities. Any remaining liabilities are accrued in the Company’s unaudited consolidated statements of comprehensive income and estimated tax payments are made when required by U.S. law. Uncertain Tax Positions 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 March 31, 2018 and December 31, 2017. Comprehensive loss Comprehensive loss includes net loss and cumulative foreign currency translation adjustments and is reported in the unaudited Consolidated Statement of Income and 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 March 31, 2018 and 2017, there was no dilutive effect attributable 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. (v) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity (vi) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management 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 Financial instrument – Credit Losses: 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. Reclassification:

GOING CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	3. GOING CONCERN These unaudited consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. For the period ended March 31, 2018, the Company reported a net loss of $402,729 and negative working capital of $3,279,010. The Company had an accumulated deficit of $7,179,203 as of March 31, 2018 due to the fact that the Company incurred losses during the year period ended March 31, 2018. The continuation of the Company as a going concern is dependent upon improving the profitability and the continuing financial support from its stockholders or other capital sources. Management believes that the continuing financial support from the existing shareholders or external debt financing will provide the additional cash to meet the Company’s obligations as they become due. These consolidation financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of the Company’s ability to continue as a going concern.

OTHER RECEIVABLES AND OTHER ASS

OTHER RECEIVABLES AND OTHER ASSETS	3 Months Ended
	Mar. 31, 2018
Other Receivables And Other Assets
OTHER RECEIVABLES AND OTHER ASSETS	5. OTHER RECEIVABLES AND OTHER ASSETS Other receivables and other assets consist of the following: As of March 31, 2018 As of December 31, 2017 Deposits (1) $ 11,683 $ 11,157 Prepayments (2) 2,859 1,679 Others (3) 7,764 31,469 $ 22,306 $ 44,305 (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 INVESTMENTS

LONG-TERM INVESTMENTS	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
LONG-TERM INVESTMENT	5. LONG-TERM INVESTMENTS Long-term investment consists of the following: As of March 31, 2018 As of December 31, 2017 Investment in associated companies Vitaxel Corporation Thailand Co., Ltd (1) Cost $ 27,539 $ 27,539 Share of loss in investment in an associated company (25,716 ) (25,716 ) Foreign currency translation adjustment (1,823 ) (1,823 ) Total investment in associated companies — — Other long-term investments Ho Wah Genting Group Ltd (2) $ 638,786 $ — Total other long-term investments $ 638,786 $ — Total Long-Term Investments $ 638,786 $ — (1) 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 holds 47.99% shares of it. The long-term investment is accounted using the equity method. (2) The President of the Company, Dato’ Lim Hui Boon, is also the President of Ho Wah Genting Group Limited. The relation are disclosed in note 9 RELATED PARTY TRANSACTIONS. During the period ended March 31, 2018, the Company has acquired 7,663,246 shares of common stock of Ho Wah Genting Group Limited, which is listed in U.S. OTC Market (stock code: HWGG), with consideration of $638,786 from the shareholders of HWGG. In absence of active market participants and liquidity for Ho Wah Genting Group Limited stock based on the review of the trading history of this stock, the management concluded that there is no active market for the stock. A quoted market price in an inactive market is not representative of fair value of the stock. Thus the management deemed that the stock has no readily determinable fair value. The Company has recognized the cost of the investment in Ho Wah Genting Group Limited at its cost of $638,786 and accounts for the investment as equity investments without readily determinable fair values. In view the acquisition of this investment was made during the period ended March 31, 2018, the management has assessed that there were no significant adverse changes affecting the value of the shares that will lead to impairment of the investment.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 As of December 31, 2017 Office equipment $ 38,209 $ 36,471 Computer equipment 107,925 102,862 Furniture and fittings 8,354 7,978 Electrical & fitting 392 375 Motor vehicle 17,784 16,983 Software and website 13,291 11,580 Renovations 113,990 108,860 299,945 285,109 Less: Accumulated depreciation (64,083 ) (54,051 ) Balance at end of period/year $ 235,862 $ 231,058 Depreciation expenses charged to the statements of operations for the periods ended March 31, 2018 and 2017 were $10,032 and $6,125 respectively.

ACCRUALS AND OTHER PAYABLES

ACCRUALS AND OTHER PAYABLES	3 Months Ended
	Mar. 31, 2018
Payables and Accruals [Abstract]
ACCRUALS AND OTHER PAYABLES	7. ACCRUALS AND OTHER PAYABLES Accruals and other payables consist of the following: As of March 31, 2018 As of December 31, 2017 Provisions and accruals $ 40,596 $ 148,326 Others (1) 357,783 344,487 Balance at end of period/year $ 398,379 $ 492,813 (1) Other payables mainly consist of members allocated redemption points and commission payable.

INCOME TAX

INCOME TAX	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
INCOME TAX	8. INCOME TAX Provision for income taxes consisted of the following: For the three months ended March 31, 2018 March 31, 2017 Current: Provision for Malaysian income tax $ — $ — Provision for Singaporean income tax Provision for U.S. income tax — — Deferred: Provision for Malaysian income tax — — Provision for Singaporean income tax — — Provision for U.S. income tax — — $ — $ — Malaysia The Company’s two main operating subsidiaries, Vitaxel SDN BHD and Vitaxel Online Mall SDN BHD are companies incorporated in Malaysia. They recorded a loss before income tax of $346,388 and $207,412 for the period ended March 31, 2018 and 2017 respectively. A reconciliation of the provision for income taxes with amounts determined by applying the Malaysian income tax rate of 24% for the period ended March 31, 2018 and 2017, respectively, to income before income taxes is as follows: For the period ended March 31, 2018 March 31, 2017 Profit (loss) before income tax $ (346,388 ) $ (207,412 ) Permanent difference 346,388 207,412 Taxable income $ $ — Malaysian income tax rate 24 % 24 % Current tax expenses $ — $ — Less: Valuation allowance — — Income tax expenses $ — $ — United States of America Vitaxel Group Limited is a company incorporated in State of Nevada and recorded a loss before income tax of $56,341 and $3,754,641 for the period ended March 31, 2018 and 2017 respectively. A reconciliation of the provision for income taxes with amounts determined by applying the United States Federal income tax rate of 21% for the period ended March 31, 2018 and 34% for the period ended March 31, 2017, respectively, to income before income taxes is as follows: For the year ended March 31, 2018 March 31, 2017 Profit (loss) before income tax $ (56,341 ) $ (3,754,641 ) Permanent difference 56,341 3,754,641 Taxable income $ — $ — United States income tax rate 21 % 34 % Current tax expenses $ — $ Less: Valuation allowance — — Income tax expenses $ — $ — U.S. Corporate Income Tax The Company’s management has yet to evaluate the effect of the U.S. Tax Reform on Vitaxel Group Limited. Management may update its judgment of that effect based on its continuing evaluation and on future regulations or guidance issued by the U.S Department of the Treasury, and specific actions the Company may take in the future.

RELATED PARTIES TRANSACTIONS

RELATED PARTIES TRANSACTIONS	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
RELATED PARTIES TRANSACTIONS	9. RELATED PARTY TRANSACTIONS As of March 31, 2018 As of December 31, 2017 Amount due from related parties Ho Wah Genting Berhad (1) $ 6,643 $ — Ho Wah Genting Group Sdn Berhad (2) 293,907 18,149 Beedo Sdn Bhd (3) 23,421 14,837 Balance at end of year $ 323,971 $ 32,986 Amount of due from an associated company Vitaxel Corporation (Thailand) Limited (4) $ 91,645 $ 103,024 Balance at end of year 91,645 103,024 Total Amount due from related parties $ 415,616 $ 136,010 Amount of due to related parties Dato’ Lim Hui Boon (5) $ — $ 40,491 Ho Wah Genting Holiday Sdn Bhd (6) 1,442 1,703 Ho Wah Genting Property Sdn Bhd (7) 953 — Genting Highlands Taxi Services Sdn Bhd (8) 8,493 11,820 VSpark Malaysia Sdn Bhd (9) 5,201 4,967 Grande Legacy Inc. (10) 4,584,061 2,311,022 Balance at end of year 4,600,150 2,370,003 Total Amount due to related parties $ 4,600,150 $ 2,370,003 The related party balances are unsecured, interest-free and repayable on demand. (1) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of Ho Wah Genting Berhad, a company listed in Bursa Malaysia Main Market. The Company recognized an expense of rent totalling $15,330 and $14,239 during the periods ended March 31, 2018 and March 31, 2017 respectively. Of the total rent, $5,110 and $4,746 was paid to Ho Wah Genting Berhad during the period ended March 31, 2018 and March 31, 2017 respectively, and $10,220 and $9,493 was paid to its affiliate, Malaysia-Beijing Travel Services Sdn Bhd during the period ended March 31, 2018 and March 31, 2017 respectively. The operating lease commitment to Ho Wah Genting Berhad as of March 31, 2018 was $15,330.The lease commitment are disclosed in note 11 COMMITMENTS AND CONTINGENCIES below under the heading Operation Commitments. (2) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of Ho Wah Genting Group Sdn Berhad, subsidiary of Ho Wah Genting Group Ltd, a company listed on the US OTC Market. Amount owing to Ho Wah Genting Group Sdn Berhad in prior year were advances, whereby settlement has been performed in current year. (3) A director of a subsidiary (Vitaxel Online Mall Sdn Bhd), Liew Jenn Lim, is also a director of Beedo SDN BHD. The Company recognized an expense of $0 and $13,504 pertaining for website maintenance expense during the period March 31, 2018 and during the period March 31, 2017 respectively, which was charged by its related party, Beedo Sdn. Bhd. The balances due from Beedo Sdn Bhd was due to discount received by the Company. (4) The Company recognized product sales of $0 and $440,000 to an associated company, Vitaxel Corp. (Thailand) Limited during the period ended March 31, 2018 and period ended March 31, 2017 respectively. (5) The amount due to the President of the Company, Dato’ Lim Hui Boon, were advances made to the Company. (6) 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 has resigned from the Company. The Company recognized an expense of $17,906 and $59,644 pertaining to event, traveling and accommodation expenses during the periods ended March 31, 2018 and March 31, 2017 respectively, which was charged by its related party, Ho Wah Genting Holiday Sdn. Bhd. (7) Ho Wah Genting Property Sdn Bhd is also a subsidiary of Ho Wah Genting Group Ltd. The amount due were due to advertisement charges billed by Ho Wah Genting Property Sdn Bhd to the Company. (8) A director of the Company, Lim Wee Kiat, is also a director of Genting Highlands Taxi Services Sdn Bhd and of Vitaxel Sdn Bhd. (9) A director of a subsidiary (Vitaxel Online Mall Sdn Bhd), Liew Jenn Lim, is also a director of VSpark Malaysia Sdn Bhd. The Company has engaged with VSpark Malaysia Sdn Bhd during the year for marketing purposes. (10) A director of the Company, Leong Yee Ming, is also a director of Grande Legacy Inc. On January 5, 2017, the Company executed a license agreement with Grande Legacy Inc (“GL”). The agreement grants GL exclusive use of Vitaxel Marks to operate a Vitaxel Business in countries other than Malaysia, Singapore and Thailand. However, GL is still in the process of obtaining online payment gateway for its credit card sales, GL is currently engaging Vitaxel Sdn Bhd, a wholly-owned subsidiary of the Company, to collect credit card sales proceeds on behalf. On January 22, 2018, the Company has acquired 100% of Grande Legacy Inc. Refer note 13 SUBSEQUENT EVENTS for further details on the acquisition.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	10. COMMITMENTS AND CONTINGENCIES Capital Commitments The Company has no capital commitments. Operation Commitments The lease commitment to Ho Wah Genting Berhad where it is known in Malaysia as “Tenancy Agreement” has a tenure of 3 years started from January 1, 2016 and expiring on December 31, 2018. Year ending December 31, 2018 15.330 Total $ 15,330

VITAXEL GROUP LIMITED SHAREHOLD

VITAXEL GROUP LIMITED SHAREHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
VITAXEL GROUP LIMITED SHAREHOLDERS' EQUITY	11. VITAXEL GROUP LIMITED SHAREHOLDERS’ EQUITY Vitaxel Group Limited has 1,000,000 shares authorized for preferred stock, with 0 outstanding during the period ended March 31, 2018 and December 31, 2017. The Company also has 70,000,000 shares authorized for common stock, with 54,087,903 outstanding during the period ended March 31, 2018 and December 31, 2017. Summary of Vitaxel Group Limited outstanding shares: Number of Outstanding Shares (in thousands) As of March 31, 2018 As of December 31, 2017 Common stock: Balance at beginning of year (1) 54,087,903 50,987,250 Equity incentive plan issuance — 3,100,290 Effect from reverse stock split — 363 Balance at end of year 54,087,903 54,087,903 (1) The outstanding shares were adjusted retrospectively due to the reverse stock split that has been completed during the year. Reverse Stock split On May 25, 2017, the Board of Directors of the Company 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 the Company authorized and approved a related increase in the par value of Vitaxel common stock from $0.000001 to $0.0001. On June 13, 2017, the Company received approval from the Financial Industry Regulatory Authority (“FINRA”) to effectuate the Reverse Split at the open of business on June 15, 2017. Equity Compensation Plans On January 18, 2016, our board of directors adopted, and on the same date, our stockholders holding a majority of our outstanding shares of Common Stock approved, the 2016 Equity Incentive Plan (“2016 Plan”), which reserves a total of 10,000,000 shares of our Common Stock for issuance under the 2016 Plan. In December 2017, the Board of Directors of the Company increased the number of shares under the 2016 Plan to 40,000,000 shares. During the year ended December 31, 2017, the Company has issued 3,100,290 shares of non-restricted stock under the 2016 Plan pursuant to Form S-8 filed with SEC on October 25, 2016.

LOSS PER SHARE

LOSS PER SHARE	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
LOSS PER SHARE	12. LOSS PER SHARE The Company has adopted ASC Topic No. 260, “Earnings Per Share,” The following table sets forth the computation of basic and diluted earnings per share: For the period ended March 31, 2018 March 31, 2017 Net loss applicable to common shares $ (402,729 ) $ (3,582,116 ) Weighted average common shares outstanding (Basic and diluted) 54,087,903 54,087,903 $ (0.01 ) $ (0.07 )

SUBSEQUENT EVENT

SUBSEQUENT EVENT	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENT	13. SUBSEQUENT EVENTS The Company has evaluated the period after the balance sheet date through the day that the financial statements were issued, and determined that there were no subsequent events or transactions that required recognition or disclosure in the financial statements except the following: The Company entered into a Share Sale Agreement (the “Agreement”) effective December 15, 2017 with Lim Hui Sing and Leong Yee Ming (together, the “Sellers”) and Vitaxel Sdn. Bhd., a wholly-owned subsidiary of the Company (the “Purchaser”), as previously described in the Current Report on Form 8-K filed with the Securities and Exchange Commission on December 19, 2017. Pursuant to the terms of the Agreement, the Sellers will sell to the Purchaser all their shares in Grande Legacy Inc., a British Virgin Islands company (“Grande Legacy”), so that the Company shall become the indirect owner of all of the issued and outstanding shares of the capital stock of Grande Legacy. In consideration for such sale, the Company shall issue to each of the Sellers 37,500,000 shares of the Registrant’s common stock. On January 3, 2018 the parties to the Agreement executed and delivered an amendment (the “Amendment”) to the Agreement which provided that the acquisition of Grande Legacy shall close upon: i. The completion of the financial statements of Grande Legacy being audited ii. That within 30 days of the shareholders of the Company approving the amendment to the Articles of Incorporation of the Company for increasing the amount of shares that the 75,000,000 shares be issued to the Sellers. As of date of this financial statement, the transaction has not been closed due to condition (ii) above shall only be completed upon approval by shareholders during the Annual Meeting which will be held on July 27, 2018.

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2018
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. In the opinion of management, we have made all adjustments necessary to present a fair statements of the financial position as of March 31, 2018, results of operations for the three months ended March 31, 2018 and 2017, and cash flows for the three months ended March 31, 2018 and 2017. All significant intercompany transactions and balances are eliminated on consolidation. Fiscal year end is December 31.
Use of estimates	Use of estimates The preparation of unaudited 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.
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 March 31, 2018 and December 31, 2017, none of the Company’s assets and liabilities was required to be reported at fair value on a recurring basis. Security investment is valued at closing price reported on the active market on which the individual securities are traded. Carrying values of non-derivative financial instruments, including cash, 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. In the first quarter of 2018, we adopted the ASU 2016-01, Financial Instruments — Overall (Subtopic 825-10). Under the new ASC, entities no longer use the cost method of accounting as it was applied before, but it can elect a measurement alternative for equity investments that do not have readily determinable fair values and do not qualify for the practical expedient in ASC 820 to estimate fair value using the NAV per share. After management’s assessment of each of the equity investments, management concluded that investments should be accounted for using measurement alternative. Under the alternative, the Company measures these investments at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer, and the Company has to make a separate election to use the alternative for each eligible investment and has to apply the alternative consistently from period to period until the investment’s fair value becomes readily determinable. ASU further requires that the Company should use prospective method for all equity investments without readily determinable fair values.
Inventories	Inventories Inventories are stated at lower of cost or net realizable value, with cost determined on a weighted-average method. 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 Investment in associated Companies - 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. Other long-term investments - The Company measures its equity securities without a readily determinable fair value that does not qualify for the practical expedient to estimate fair value in accordance with paragraph 820-10-35-59 at its cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company shall reassess at each reporting period its equity securities on whether the equity investments qualify to be measured in accordance with paragraph 820-10-35-59.
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 Computer equipment 10 years Furniture and fixtures 10 years Electircal & fitting 10 years Motor vehicle 10 years Softwarre and website 10 years Leasehold improvement 10 years
Revenue recognition	Revenue recognition The Company recognizes revenue pursuant to FASB Accounting Standards Codification 606 (“ASC 606”) Revenue from Contracts with Customers Product sales − The Company recognizes revenue when it satisfies each performance obligation by transferring control of the goods 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 March 31, 2018 and December 31, 2017. 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 10 days cooling-off period is expired. For the period ended March 31, 2018 and 2017, all membership fees were waived by the Company for promotion purpose.
Commission expense	Commission expense Commission expense incurred by the Company is recognized as cost of revenue and as a liability (commission payable in the unaudited 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.
U.S. Corporate Income Tax	U.S. Corporate Income Tax The Company is subject to U.S. corporate income tax on its taxable income at a rate of up to 21% for taxable years beginning after December 31, 2017 and U.S. corporate income tax on its taxable income of up to 35% for prior tax years. Recent U.S. federal tax legislation, commonly referred to as the Tax Cuts and Jobs Act (the “U.S. Tax Reform”), was signed into law on December 22, 2017. The U.S. Tax Reform significantly modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transition tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings. Taxpayers may elect to pay the one-time transition tax over eight years, or in a single lump-sum payment. See Note 8 – Income Tax. To the extent that portions of its U.S. taxable income, such as Subpart F income or global intangible low-taxed income (“GILTI”), are determined to be from sources outside of the U.S., subject to certain limitations, the Company may be able to claim foreign tax credits to offset its U.S. income tax liabilities. Any remaining liabilities are accrued in the Company’s unaudited consolidated statements of comprehensive income and estimated tax payments are made when required by U.S. law.
Uncertain Tax Positions	Uncertain Tax Positions 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 March 31, 2018 and December 31, 2017.
Comprehensive loss	Comprehensive loss Comprehensive loss includes net loss and cumulative foreign currency translation adjustments and is reported in the unaudited Consolidated Statement of Income and 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 March 31, 2018 and 2017, there was no dilutive effect attributable 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. (v) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity (vi) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management 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 Financial instrument – Credit Losses: 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 ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Schedule of property, plant and equipment estimated useful lives	Office equipment 10 years Computer equipment 10 years Furniture and fixtures 10 years Electircal & fitting 10 years Motor vehicle 10 years Softwarre and website 10 years Leasehold improvement 10 years

OTHER RECEIVABLES AND OTHER A21

OTHER RECEIVABLES AND OTHER ASSETS (Tables)	3 Months Ended
	Mar. 31, 2018
Other Receivables And Other Assets
Schedule of other receivables and other assets	Other receivables and other assets consist of the following: As of March 31, 2018 As of December 31, 2017 Deposits (1) $ 11,683 $ 11,157 Prepayments (2) 2,859 1,679 Others (3) 7,764 31,469 $ 22,306 $ 44,305 (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 INVESTMENTS (Tables)

LONG-TERM INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Schedule of long-term investment	Long-term investment consists of the following: As of March 31, 2018 As of December 31, 2017 Investment in associated companies Vitaxel Corporation Thailand Co., Ltd (1) Cost $ 27,539 $ 27,539 Share of loss in investment in an associated company (25,716 ) (25,716 ) Foreign currency translation adjustment (1,823 ) (1,823 ) Total investment in associated companies — — Other long-term investments Ho Wah Genting Group Ltd (2) $ 638,786 $ — Total other long-term investments $ 638,786 $ — Total Long-Term Investments $ 638,786 $ — (1) 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 holds 47.99% shares of it. The long-term investment is accounted using the equity method. (2) The President of the Company, Dato’ Lim Hui Boon, is also the President of Ho Wah Genting Group Limited. The relation are disclosed in note 9 RELATED PARTY TRANSACTIONS.

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment, Net [Abstract]
Schedule of property, plant and equipment, net	Property, plant and equipment, net consist of the following: As of March 31, 2018 As of December 31, 2017 Office equipment $ 38,209 $ 36,471 Computer equipment 107,925 102,862 Furniture and fittings 8,354 7,978 Electrical & fitting 392 375 Motor vehicle 17,784 16,983 Software and website 13,291 11,580 Renovations 113,990 108,860 299,945 285,109 Less: Accumulated depreciation (64,083 ) (54,051 ) Balance at end of period/year $ 235,862 $ 231,058

ACCRUALS AND OTHER PAYABLES (Ta

ACCRUALS AND OTHER PAYABLES (Tables)	3 Months Ended
	Mar. 31, 2018
Payables and Accruals [Abstract]
Schedule of accruals and other payables	Accruals and other payables consist of the following: As of March 31, 2018 As of December 31, 2017 Provisions and accruals $ 40,596 $ 148,326 Others (1) 357,783 344,487 Balance at end of period/year $ 398,379 $ 492,813 (1) Other payables mainly consist of members allocated redemption points and commission payable.

INCOME TAX (Tables)

INCOME TAX (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Schedule of provision for income taxes	Provision for income taxes consisted of the following: For the three months ended March 31, 2018 March 31, 2017 Current: Provision for Malaysian income tax $ — $ — Provision for Singaporean income tax Provision for U.S. income tax — — Deferred: Provision for Malaysian income tax — — Provision for Singaporean income tax — — Provision for U.S. income tax — — $ — $ —
Schedule of income before income tax	A reconciliation of the provision for income taxes with amounts determined by applying the Malaysian income tax rate of 24% for the period ended March 31, 2018 and 2017, respectively, to income before income taxes is as follows: For the period ended March 31, 2018 March 31, 2017 Profit (loss) before income tax $ (346,388 ) $ (207,412 ) Permanent difference 346,388 207,412 Taxable income $ $ — Malaysian income tax rate 24 % 24 % Current tax expenses $ — $ — Less: Valuation allowance — — Income tax expenses $ — $ — A reconciliation of the provision for income taxes with amounts determined by applying the United States Federal income tax rate of 21% for the period ended March 31, 2018 and 34% for the period ended March 31, 2017, respectively, to income before income taxes is as follows: For the year ended March 31, 2018 March 31, 2017 Profit (loss) before income tax $ (56,341 ) $ (3,754,641 ) Permanent difference 56,341 3,754,641 Taxable income $ — $ — United States income tax rate 21 % 34 % Current tax expenses $ — $ Less: Valuation allowance — — Income tax expenses $ — $ —

RELATED PARTIES TRANSCTIONS (Ta

RELATED PARTIES TRANSCTIONS (Tables)	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Schedule of amount of due from related parties	As of March 31, 2018 As of December 31, 2017 Amount due from related parties Ho Wah Genting Berhad (1) $ 6,643 $ — Ho Wah Genting Group Sdn Berhad (2) 293,907 18,149 Beedo Sdn Bhd (3) 23,421 14,837 Balance at end of year $ 323,971 $ 32,986
Schedule of amount due from an associate company	As of March 31, 2018 As of December 31, 2017 Amount of due from an associated company Vitaxel Corporation (Thailand) Limited (4) $ 91,645 $ 103,024 Balance at end of year 91,645 103,024 Total Amount due from related parties $ 415,616 $ 136,010
Schedule of amount of due to related parties	As of March 31, 2018 As of December 31, 2017 Amount of due to related parties Dato’ Lim Hui Boon (5) $ — $ 40,491 Ho Wah Genting Holiday Sdn Bhd (6) 1,442 1,703 Ho Wah Genting Property Sdn Bhd (7) 953 — Genting Highlands Taxi Services Sdn Bhd (8) 8,493 11,820 VSpark Malaysia Sdn Bhd (9) 5,201 4,967 Grande Legacy Inc. (10) 4,584,061 2,311,022 Balance at end of year 4,600,150 2,370,003 Total Amount due to related parties $ 4,600,150 $ 2,370,003

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments under the non-cancellable operating lease	The lease commitment to Ho Wah Genting Berhad where it is known in Malaysia as “Tenancy Agreement” has a tenure of 3 years started from January 1, 2016 and expiring on December 31, 2018. Year ending December 31, 2018 15.330 Total $ 15,330

VITAXEL GROUP LIMITED SHAREHO28

VITAXEL GROUP LIMITED SHAREHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Schedule of vitaxel group limited	Summary of Vitaxel Group Limited outstanding shares: Number of Outstanding Shares (in thousands) As of March 31, 2018 As of December 31, 2017 Common stock: Balance at beginning of year (1) 54,087,903 50,987,250 Equity incentive plan issuance — 3,100,290 Effect from reverse stock split — 363 Balance at end of year 54,087,903 54,087,903 (1) The outstanding shares were adjusted retrospectively due to the reverse stock split that has been completed during the year.

LOSS PER SHARE (Table)

LOSS PER SHARE (Table)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	The following table sets forth the computation of basic and diluted earnings per share: For the period ended March 31, 2018 March 31, 2017 Net loss applicable to common shares $ (402,729 ) $ (3,582,116 ) Weighted average common shares outstanding (Basic and diluted) 54,087,903 54,087,903 $ (0.01 ) $ (0.07 )

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 ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended
	Mar. 31, 2018
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P10Y
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P10Y
Electrical and Fitting [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P10Y
Motor Vehicle [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P10Y
Software and Website [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P10Y
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P10Y
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P10Y

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Accounting Policies [Abstract]
Financial assets measured at fair value	$ 16,840,488
U.S. corporate income tax (in percent)	21.00%	35.00%
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.

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net Loss	$ (402,729)	$ (3,582,116)
Working capital deficit	3,279,010
Accumulated deficit	$ 7,179,203		$ 6,776,474

OTHER RECEIVABLES AND OTHER A34

OTHER RECEIVABLES AND OTHER ASSETS (Details) - USD ($)		Mar. 31, 2018	Dec. 31, 2017
Other Receivables And Other Assets
Deposits	[1]	$ 11,683	$ 11,157
Prepayments	[2]	2,859	1,679
Others	[3]	7,764	31,469
Total other receivables and other assets		$ 22,306	$ 44,305
[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 (Details)

LONG-TERM INVESTMENT (Details) - USD ($)		3 Months Ended		12 Months Ended
		Mar. 31, 2018		Dec. 31, 2017		Apr. 20, 2016
Total other long-term investments		$ 638,786
Total Long-Term Investments		638,786
Ho Wah Genting Group Limited
Total other long-term investments	[1]	638,786
Vitaxel Corp Thailand, Ltd [Member]
Long-term investment - cost		27,539	[2]	27,539	[2]	$ 27,539
Long-term investment - share of loss in investment in an associated company	[2]	(25,716)		(25,716)
Foreign currency translation adjustment	[2]	(1,823)		(1,823)
Total investment in associated companies	[2]
[1]	The President of the Company, Dato Lim Hui Boon, is also the President of Ho Wah Genting Group Limited. The relation are disclosed in note 9 RELATED PARTY TRANSACTIONS.
[2]	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 holds 47.99% shares of it. The long-term investment is accounted using the equity method.

LONG-TERM INVESTMENT (Details N

LONG-TERM INVESTMENT (Details Narrative) - USD ($)		3 Months Ended
		Mar. 31, 2018		Dec. 31, 2017		Apr. 20, 2016
Other long-term investments		$ 638,786
Ho Wah Genting Group Limited
Stock isuued for acquisition, Shares		7,663,246
Stock isuued for acquisition, Value		$ 638,786
Other long-term investments	[1]	638,786
Vitaxel Corp Thailand, Ltd [Member]
Long-term investment -cost		$ 27,539	[2]	$ 27,539	[2]	$ 27,539
Ownership percentage						47.99%
Vitaxel Corp Thailand, Ltd [Member] | Thailand, Baht [Member]
Long-term investment -cost						$ 958,000
[1]	The President of the Company, Dato Lim Hui Boon, is also the President of Ho Wah Genting Group Limited. The relation are disclosed in note 9 RELATED PARTY TRANSACTIONS.
[2]	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 holds 47.99% shares of it. The long-term investment is accounted using the equity method.

PROPERTY, PLANT AND EQUIPMENT37

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	$ 299,945	$ 285,109
Less: Accumulated depreciation	(64,083)	(54,051)
Balance at end of period/year	235,862	231,058
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	38,209	36,471
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	107,925	102,862
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	8,354	7,978
Electrical and Fitting [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	392	375
Motor Vehicle [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	17,784	16,983
Software and Website [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	13,291	11,580
Renovations [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	$ 113,990	$ 108,860

PROPERTY, PLANT AND EQUIPMENT38

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Property, Plant and Equipment, Net [Abstract]
Depreciation expenses	$ 10,032	$ 6,125

ACCRUALS AND OTHER PAYABLES (De

ACCRUALS AND OTHER PAYABLES (Details) - USD ($)		Mar. 31, 2018	Dec. 31, 2017
Payables and Accruals [Abstract]
Provisions		$ 40,596	$ 148,326
Others	[1]	357,783	344,487
Balance at end of period/year		$ 398,379	$ 492,813
[1]	Other payables mainly consist of members allocated redemption points and commission payable.

INCOME TAX (Details)

INCOME TAX (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Current:
Provision for income tax
Deferred:
Provision for income tax
Total Provision for income taxes
Malaysia [Member]
Current:
Provision for income tax
Deferred:
Provision for income tax
Total Provision for income taxes
Singaporean [Member]
Current:
Provision for income tax
Deferred:
Provision for income tax

INCOME TAX (Details 1)

INCOME TAX (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Profit (loss) before income tax	$ (402,729)	$ (3,582,116)
Taxable income
Current tax expenses
Income tax expenses
Malaysia [Member]
Profit (loss) before income tax	(346,388)	(207,412)
Permanent difference	346,388	207,412
Taxable income
Income tax rate (in percent)	24.00%	24.00%
Current tax expenses
Less: Valuation allowance
Income tax expenses
United States of America [Member]
Profit (loss) before income tax	(56,341)	(3,754,641)
Permanent difference	56,341	3,754,641
Taxable income
Income tax rate (in percent)	21.00%	34.00%
Current tax expenses
Less: Valuation allowance
Income tax expenses

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Loss before income tax	$ (402,729)	$ (3,582,116)
Malaysia [Member]
Loss before income tax	$ (346,388)	$ (207,412)
Income tax rate	24.00%	24.00%
United States of America [Member]
Loss before income tax	$ (56,341)	$ (3,754,641)
Income tax rate	21.00%	34.00%

RELATED PARTIES TRANSCTIONS (De

RELATED PARTIES TRANSCTIONS (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Amount of due from related parties	$ 329,371	$ 32,986
Ho Wah Genting Berhad [Member]
Amount of due from related parties	6,643
Ho Wah Genting Group Sdn Berhad [Member]
Amount of due from related parties	293,307	18,149
Beedo SDN BHD [Member]
Amount of due from related parties	$ 23,421	$ 14,837

RELATED PARTIES TRANSCTIONS (44

RELATED PARTIES TRANSCTIONS (Details 1) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Amount of due from an associated company	$ 91,645	$ 103,024
Amount due from related parties	415,616	136,010
Vitaxel Corp Thailand, Ltd [Member]
Amount of due from an associated company	$ 91,645	$ 103,024

RELATED PARTIES TRANSCTIONS (45

RELATED PARTIES TRANSCTIONS (Details 2) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Amounts due to related parties	$ 4,600,150	$ 2,370,003
Dato Lim Hui Boon [Member]
Amounts due to related parties		40,491
Ho Wah Genting Holiday Sdn Bhd [Member]
Amounts due to related parties	1,442	1,703
Ho Wah Genting Property Sdn Bhd [Member]
Amounts due to related parties	953
Genting Highlands Taxi Services SDN BHD [Member]
Amounts due to related parties	8,493	11,820
V Spark Malaysia Sdn Bhd [Member]
Amounts due to related parties	5,201	4,967
Grande LegacyInc [Member]
Amounts due to related parties	$ 4,584,061	$ 2,311,022

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Amounts due to related party	$ 4,600,150		$ 2,370,003
Description of debt	interest-free and repayable on demand.
Dato' Lim Hui Boon [Member]
Rental income	$ 15,330	$ 14,289
Ho Wah Genting Berhad [Member]
Rental income	5,110	4,746
Operating lease commitment	15,330
Traveling and accommodation expenses	17,906	59,644
Malaysia-Beijing Travel Services Sdn Bhd [Member]
Rental income	10,220	9,493
Vitaxel Online Mall Sdn Bhd [Member] | Beedo SDN BHD [Member]
Amounts due to related party	0	13,504
Vitaxel Corp Thailand, Ltd [Member]
Recognize product sales	$ 0	$ 440,000

COMMITMENTS AND CONTINGENCIES47

COMMITMENTS AND CONTINGENCIES (Details)	Mar. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Year ending December 31, 2018	$ 15,330
Total	$ 15,330

COMMITMENTS AND CONTINGENCIES48

COMMITMENTS AND CONTINGENCIES (Details Narrative)	3 Months Ended
	Mar. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Capital Commitments	$ 0
Tenure	3 years
Expiration date	Dec. 31, 2018

VITAXEL GROUP LIMITED SHAREHO49

VITAXEL GROUP LIMITED SHAREHOLDERS' EQUITY (Details) - shares		3 Months Ended	12 Months Ended
		Mar. 31, 2018	Dec. 31, 2017
Common stock:
Balance, at beginning (in shares)		54,087,903	50,987,250
Reverse merger recapitalization	[1]		3,100,290
Equity incentive plan issuance			363
Effect from reverse stock split		54,087,903	54,087,903
Balance, at end (in shares)		54,087,903	54,087,903
[1]	The outstanding shares were adjusted retrospectively due to the reverse stock split that has been completed during the year.

VITAXEL GROUP LIMITED SHAREHO50

VITAXEL GROUP LIMITED SHAREHOLDERS' EQUITY (Details Narrative) - $ / shares	Jun. 12, 2017	Mar. 25, 2017	Dec. 31, 2017	Mar. 31, 2018	May 30, 2017	May 29, 2017	Dec. 31, 2016	Jan. 18, 2016
Common stock, par value			$ 0.0001	$ 0.0001
Common stock, authorized			70,000,000	70,000,000
Preferred stock, authorized			1,000,000	1,000,000
Preferred stock, par value			$ 0.0001	$ 0.0001
Common stock, issued			54,087,903	54,087,903
Common stock, outstanding			54,087,903	54,087,903			50,987,250
Reverse Stock Split [Member]
Description of stock split		Board of Directors of the Company 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.
Common stock, par value	$ 0.000001				$ 0.0001	$ 0.000001
Description for conversion of outstanding shares	100 outstanding shares of the Company’s common stock automatically became one share of common stock.
Common stock, authorized	7,000,000,000
Preferred stock, authorized	100,000,000
Preferred stock, par value	$ 0.000001
Common stock, issued	5,408,754,000
Common stock, outstanding	54,087,540
2016 Equity Incentive Plan [Member]
Number of shares reserved for issuance			40,000,000					10,000,000
Non-Restricted Stock [Member] | 2016 Equity Incentive Plan [Member]
Number of shares issued			3,100,290

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Net loss applicable to common shares	$ (402,729)	$ (3,582,116)
Weighted average common shares outstanding (Basic and diluted)	54,087,903	54,087,903
Loss per share basic and diluted (in dollars per share)	$ (0.01)	$ (0.06)

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Grande LegacyInc [Member] - shares	Jan. 03, 2018	Dec. 15, 2017
Lim Hui Sing and Leong Yee Ming [Member] | Amendment Agreement [Member]
Number of shares issued	75,000,000
Vitaxel Corp Thailand, Ltd [Member] | Share Sale Agreement [Member]
Number of shares issued		37,500,000