Fintech Scion (FINR) 10-Q 15 Nov 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2021	Nov. 15, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	000-55685
Entity Registrant Name	VITAXEL GROUP LIMITED
Entity Central Index Key	0001623590
Entity Tax Identification Number	30-0803939
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Level 4, 41-51, Jalan Maharajalela
Entity Address, City or Town	Kuala Lumpur
Entity Address, Country	MY
Entity Address, Postal Zip Code	50150
City Area Code	603
Local Phone Number	2143 – 2889
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		54,087,903

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 38,262	$ 46,551
Amount due from related parties	43,930	34,332
Inventories	2,380	2,525
Other receivables, prepayments and other current assets	32,822	28,905
Total Current Assets	117,394	112,313
Non-current assets
Right-of-use assets	43,261	88,100
Property and equipment, net	27,348	41,068
Total Non-Current Assets	70,609	129,168
TOTAL ASSETS	188,003	241,481
Current liabilities
Amounts due to related parties	4,222,590	4,401,809
Commission payables	125,953	131,257
Accounts payable	1,685	230
Accruals and other payables	331,798	353,213
Lease obligation	37,986	47,974
Total Current Liabilities	4,720,012	4,934,483
Non-current liabilities
Lease obligation, net of current portion	5,404	40,260
Total Non-Current Liabilities	5,404	40,260
TOTAL LIABILITIES	4,725,416	4,974,743
STOCKHOLDERS’ EQUITY
Preferred stock par value $0.0001: 1,000,000 shares authorized; and 0 outstanding
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
Additional paid-in capital	4,749,798	4,749,798
Accumulated deficit	(9,561,513)	(9,576,061)
Accumulated other comprehensive income	268,893	87,592
Total Stockholders’ Equity	(4,537,413)	(4,733,262)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 188,003	$ 241,481

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized	1,000,000	1,000,000
Preferred stock, outstanding	0	0
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

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
REVENUE	$ (1,360)	$ 3,006	$ 2,902	$ 18,650
COST OF REVENUE	1,320	(1,466)	(2,786)	(14,300)
GROSS PROFIT (LOSS)	(40)	1,540	116	4,350
OPERATING EXPENSES
Selling expense		(30)	(23)	(620)
General and administrative expenses	(103,244)	(138,926)	(332,938)	(520,945)
Total operating expenses	(103,244)	(138,956)	(332,961)	(521,565)
LOSS FROM OPERATIONS	(103,284)	(137,416)	(332,845)	(517,215)
OTHER INCOME/(EXPENSE), NET
Other income	120,000	234,340	360,000	462,763
Other expense	(5,436)	(1,026)	(12,607)	(2,382)
Total Other income / (Expense), net	114,564	233,314	347,393	460,381
Net Income / (Loss)	11,280	95,898	14,548	(56,834)
OTHER COMPREHENSIVE INCOME / (LOSS)
Foreign currency translation adjustment	41,147	(124,537)	181,301	72,100
TOTAL COMPREHENSIVE INCOME (LOSS)	$ 52,427	$ (28,639)	$ 195,849	$ 15,266
Weighted average number of common shares outstanding - basic and diluted	54,087,903	54,087,903	54,087,903	54,087,903
Net Income (Loss) per share - basic and diluted	$ 0	$ 0	$ 0	$ 0

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudied) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 14,548	$ (56,834)
Items not involving cash:
Depreciation and amortization of– property and equipment and right-of-use assets	47,044	19,633
Interest expenses on lease obligation	1,347
Changes in operating assets and liabilities
Other receivables, prepayments and other current assets	(3,917)	4,094
Inventories	145	(2,029)
Accounts Payable	1,455	(50)
Commission payables	(5,304)	(6,921)
Accrued expense and other payables	(21,415)	1,715
Net cash provided by / (used in) operating activities	33,903	(40,392)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment		(4,317)
Net cash used in investing activities		(4,317)
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of principal portion of lease liabilities	(35,220)
Proceeds from / (Repayment to) related parties	(5,282)	14,151
Net cash provided by (used in) financing activities	(40,502)	14,151
EFFECT OF EXCHANGE RATES ON CASH	(1,690)	(1,407)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(8,289)	(31,965)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	46,551	63,436
CASH AND CASH EQUIVALENTS, END OF PERIOD	38,262	31,471
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, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	1. ORGANIZATION AND BUSINESS Vitaxel Group Limited (the “Company” or “Vitaxel”), incorporated in Nevada, is engaged in direct selling industry and online shopping platform primarily through its operating entities in Malaysia. Vitaxel SDN BHD (“Vitaxel SB”), was incorporated in Malaysia August 10, 2012 Vitaxel Online Mall SDN BHD (“Vionmall”), was incorporated in Malaysia September 22, 2015

UNAUDITED INTERIM FINANCIAL STA

UNAUDITED INTERIM FINANCIAL STATEMENTS	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
UNAUDITED INTERIM FINANCIAL STATEMENTS	2. UNAUDITED INTERIM FINANCIAL STATEMENTS The accompanying unaudited condensed 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 under Article 8 of Regulation S-X. They do not include all information and foot notes required by U.S. GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the consolidated financial statement for the year ended December 31, 2020, included in the Company’s Form 10-K filed with the Security and Exchange Commission (“SEC”). The interim unaudited consolidated financial statements should be read in conjunction with those audited consolidated financial statements included in Form 10-K. In the opinion of management, the Company has made all adjustments necessary to present a fair statement of the financial position as of September 30, 2021, results of operations for the nine months ended September 30, 2021 and 2020, and cash flows for the nine months ended September 30, 2021 and 2020. All significant intercompany transactions and balances are eliminated on consolidation. The results of operations for the nine months ended September 30, 2021 are not necessarily indicative of the results of operations for the entire fiscal year. Recently issued accounting pronouncements In December 2019, the FASB issued ASU2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes,

GOING CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	3. GOING CONCERN These unaudited condensed 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 September 30, 2021, the Company reported a net income of $ 14,548 4,602,618 9,561,513 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. There is no certainty that further funding will be available as needed. These factors raise substantial doubt about the ability of the Company to continue operating as a going concern. In March 2020 the World Health Organization declared coronavirus COVID-19 a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. While the extent of the impact is unknown, the pandemic may hinder the Company’s operation and ability to raise financing and carry out its business plan due to uncertain capital markets, increased government regulations and other unanticipated factors. These unaudited condensed consolidated 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, PREPAYMENTS

OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS	9 Months Ended
	Sep. 30, 2021
Other Receivables Prepayments And Other Current Assets
OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS	4. OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS Other receivables, prepayments and other current assets consist of the following September 30, 2021 December 31, 2020 Deposits (1) $ 14,749 $ 15,371 Prepayments (2) 18,073 13,534 Total other receivables and other assets $ 32,822 $ 28,905 (1) Deposits represented payments for rental and utilities. (2) Prepayments mainly consists of prepayment for insurance and IT related fees.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
LEASES	5. LEASES The Company’s leases consist of operating lease for office space and office equipment, with operating lease for terms between 2 5 3.5 Right-of-use assets consist of the following: As of As of Office space $ 81,688 $ 92,343 Office equipment 7,505 7,821 89,193 100,164 Less: Accumulated amortization (45,932 ) (12,064 ) Balance at end of period/year $ 43,261 $ 88,100 Lease liabilities consist of the following: As of As of Lease payments Office space $ 38,691 $ 83,628 Office equipment 4,805 6,353 Total lease payments 43,496 89,981 Less: discount (106 ) (1,747 ) Lease obligation 43,390 88,234 Less: current obligations (37,986 ) (47,974 ) Lease obligation, net of current portion $ 5,404 $ 40,260

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	6. PROPERTY AND EQUIPMENT, NET Property and equipment, net consist of the following As of September 30, 2021 As of December 31, 2020 Office equipment $ 27,874 $ 29,048 Computer equipment 103,255 107,603 Furniture and fittings 7,938 8,273 Software and website 16,212 16,894 155,279 161,818 Less: Accumulated depreciation (127,931 ) (120,750 ) Balance at end of period/year $ 27,348 $ 41,068 Depreciation expenses charged to the statements of operations and comprehensive loss for the nine month periods ended September 30, 2021 and 2020 were $ 12,224 3,734 19,633 6,386

ACCRUED EXPENSE AND OTHER PAYAB

ACCRUED EXPENSE AND OTHER PAYABLES	9 Months Ended
	Sep. 30, 2021
Payables and Accruals [Abstract]
ACCRUED EXPENSE AND OTHER PAYABLES	7. ACCRUED EXPENSE AND OTHER PAYABLES Accrued expense and other payables consist of the following: As of September 30, 2021 As of December 31, 2020 Provisions and accruals $ 34,826 $ 43,668 Others (1) 296,972 309,545 Balance at end of period/year $ 331,798 $ 353,213 (1) Other payables mainly consist of members allocated redemption points for commissions.

RELATED PARTY BALANCES AND TRAN

RELATED PARTY BALANCES AND TRANSACTIONS	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	8. RELATED PARTY BALANCES AND TRANSACTIONS Schedule of related party balances and transactions As of As of Amount due from related parties Asia Food People Sdn Bhd (1) $ 3,243 $ 3,074 G2lux Sdn Bhd (2) 31,261 21,606 Ho Wah Genting Berhad (3) 5,016 5,226 Snatch Asia Sdn Bhd (4) 4,410 4,426 Total Amount due from related parties $ 43,930 $ 34,332 Amount due to related parties Ho Wah Genting Group Sdn Bhd (5) $ 485,989 $ 83,339 Dato’ Lim Hui Boon (6) 71,651 49,778 Ho Wah Genting Holding Sdn Bhd (7) 59,709 62,223 Grande Legacy Inc. (8) 3,605,241 4,206,469 Total Amount due to related parties $ 4,222,590 $ 4,401,809 The related party balances are unsecured, interest-free and repayable on demand. (1) A director of the Company, Leong Yee Ming, is also a director of Asia Food People Sdn Bhd (“AFP”). The amount due from AFP as at September 30, 2021 and December 31, 2020, were advances made to AFP. (2) A director of the Company, Leong Yee Ming, is also a director of G2lux Sdn Bhd (“G2lux”). The amount due from G2lux as at September 30, 2021 and December 31, 2020, were advances made to G2lux. (3) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of HWGB. (4) A director of the Company, Leong Yee Ming, is also a director of Snatch Asia Sdn Bhd (“SASB”). The amount due from SASB as at September 30, 2021 and December 31, 2020, were advances made to SASB. (5) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of Ho Wah Genting Group Sdn Berhad (“HWGGSB”). (6) The amount due to the President of the Company, Dato’ Lim Hui Boon, as at September 30, 2021 and December 31, 2020, were advances made to the Company. (7) A former director of the Company, Lim Wee Kiat who resigned during period ended December 31, 2020, is also a director of Ho Wah Genting Holding Sdn Bhd. (8) A director of the Company, Leong Yee Ming, is also a director of Grande Legacy Inc. (“GL”). The Company recognized management fee income of $ 360,000 The Company also recognized royalty income of $ nil 293 The Company billed GL for product sales of $ 2,770 13,697 (9) Total payment made in the form of compensation, which includes salary, bonus, stock awards and all other compensation have been made to the following officer and former officers of the Company: September 30, 2021 September 31, 2020 Lim Wee Kiat $ 39,215 $ 35,856 Leong Yee Ming 32,679 33,864 $ 71,894 $ 69,720

OTHER RECEIVABLES, PREPAYMENT_2

OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS (Tables)	9 Months Ended
	Sep. 30, 2021
Other Receivables Prepayments And Other Current Assets
Other receivables, prepayments and other current assets consist of the following	Other receivables, prepayments and other current assets consist of the following September 30, 2021 December 31, 2020 Deposits (1) $ 14,749 $ 15,371 Prepayments (2) 18,073 13,534 Total other receivables and other assets $ 32,822 $ 28,905 (1) Deposits represented payments for rental and utilities. (2) Prepayments mainly consists of prepayment for insurance and IT related fees.

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Right-of-use assets consist of the following:	Right-of-use assets consist of the following: As of As of Office space $ 81,688 $ 92,343 Office equipment 7,505 7,821 89,193 100,164 Less: Accumulated amortization (45,932 ) (12,064 ) Balance at end of period/year $ 43,261 $ 88,100
Lease liabilities consist of the following:	Lease liabilities consist of the following: As of As of Lease payments Office space $ 38,691 $ 83,628 Office equipment 4,805 6,353 Total lease payments 43,496 89,981 Less: discount (106 ) (1,747 ) Lease obligation 43,390 88,234 Less: current obligations (37,986 ) (47,974 ) Lease obligation, net of current portion $ 5,404 $ 40,260

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Property and equipment, net consist of the following	Property and equipment, net consist of the following As of September 30, 2021 As of December 31, 2020 Office equipment $ 27,874 $ 29,048 Computer equipment 103,255 107,603 Furniture and fittings 7,938 8,273 Software and website 16,212 16,894 155,279 161,818 Less: Accumulated depreciation (127,931 ) (120,750 ) Balance at end of period/year $ 27,348 $ 41,068

ACCRUED EXPENSE AND OTHER PAY_2

ACCRUED EXPENSE AND OTHER PAYABLES (Tables)	9 Months Ended
	Sep. 30, 2021
Payables and Accruals [Abstract]
Accrued expense and other payables consist of the following:	Accrued expense and other payables consist of the following: As of September 30, 2021 As of December 31, 2020 Provisions and accruals $ 34,826 $ 43,668 Others (1) 296,972 309,545 Balance at end of period/year $ 331,798 $ 353,213 (1) Other payables mainly consist of members allocated redemption points for commissions.

RELATED PARTY BALANCES AND TR_2

RELATED PARTY BALANCES AND TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
Schedule of related party balances and transactions	Schedule of related party balances and transactions As of As of Amount due from related parties Asia Food People Sdn Bhd (1) $ 3,243 $ 3,074 G2lux Sdn Bhd (2) 31,261 21,606 Ho Wah Genting Berhad (3) 5,016 5,226 Snatch Asia Sdn Bhd (4) 4,410 4,426 Total Amount due from related parties $ 43,930 $ 34,332 Amount due to related parties Ho Wah Genting Group Sdn Bhd (5) $ 485,989 $ 83,339 Dato’ Lim Hui Boon (6) 71,651 49,778 Ho Wah Genting Holding Sdn Bhd (7) 59,709 62,223 Grande Legacy Inc. (8) 3,605,241 4,206,469 Total Amount due to related parties $ 4,222,590 $ 4,401,809 The related party balances are unsecured, interest-free and repayable on demand. (1) A director of the Company, Leong Yee Ming, is also a director of Asia Food People Sdn Bhd (“AFP”). The amount due from AFP as at September 30, 2021 and December 31, 2020, were advances made to AFP. (2) A director of the Company, Leong Yee Ming, is also a director of G2lux Sdn Bhd (“G2lux”). The amount due from G2lux as at September 30, 2021 and December 31, 2020, were advances made to G2lux. (3) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of HWGB. (4) A director of the Company, Leong Yee Ming, is also a director of Snatch Asia Sdn Bhd (“SASB”). The amount due from SASB as at September 30, 2021 and December 31, 2020, were advances made to SASB. (5) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of Ho Wah Genting Group Sdn Berhad (“HWGGSB”). (6) The amount due to the President of the Company, Dato’ Lim Hui Boon, as at September 30, 2021 and December 31, 2020, were advances made to the Company. (7) A former director of the Company, Lim Wee Kiat who resigned during period ended December 31, 2020, is also a director of Ho Wah Genting Holding Sdn Bhd. (8) A director of the Company, Leong Yee Ming, is also a director of Grande Legacy Inc. (“GL”). The Company recognized management fee income of $ 360,000 The Company also recognized royalty income of $ nil 293 The Company billed GL for product sales of $ 2,770 13,697 (9) Total payment made in the form of compensation, which includes salary, bonus, stock awards and all other compensation have been made to the following officer and former officers of the Company: September 30, 2021 September 31, 2020 Lim Wee Kiat $ 39,215 $ 35,856 Leong Yee Ming 32,679 33,864 $ 71,894 $ 69,720

ORGANIZATION AND BUSINESS (Deta

ORGANIZATION AND BUSINESS (Details Narrative)	9 Months Ended
	Sep. 30, 2021
Vitaxel SDN BHD [Member]
State of incorporation	Malaysia
Date of incorporation	Aug. 10, 2012
Vitaxel Online Mall SDN BHD [Member]
State of incorporation	Malaysia
Date of incorporation	Sep. 22, 2015

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net income	$ 11,280	$ 95,898	$ 14,548	$ (56,834)
Negative working capital			4,602,618
Accumulated deficit	$ (9,561,513)		$ (9,561,513)		$ (9,576,061)

Other receivables, prepayment_3

Other receivables, prepayments and other current assets consist of the following (Details) - USD ($)		Sep. 30, 2021	Dec. 31, 2020
Other Receivables Prepayments And Other Current Assets
Deposits Assets, Current	[1]	$ 14,749	$ 15,371
Prepaid Expense, Current	[2]	18,073	13,534
Total other receivables and other assets		$ 32,822	$ 28,905
[1]	Deposits represented payments for rental and utilities.
[2]	Prepayments mainly consists of prepayment for insurance and IT related fees.

Right-of-use assets consist of

Right-of-use assets consist of the following: (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Right-of-use assets	$ 89,193	$ 100,164
Less: Accumulated amortization	(45,932)	(12,064)
Balance at end of period/year	43,261	88,100
Office Space [Member]
Right-of-use assets	81,688	92,343
Office Equipment [Member]
Right-of-use assets	$ 7,505	$ 7,821

Lease liabilities consist of th

Lease liabilities consist of the following: (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Lessee, Operating Lease, Liability, to be Paid	$ 43,496	$ 89,981
Less: discount	(106)	(1,747)
Lease obligation	43,390	88,234
Less: current obligations	(37,986)	(47,974)
Lease obligation, net of current portion	5,404	40,260
Office Space [Member]
Lease payments	38,691	83,628
Office Equipment [Member]
Lease payments	$ 4,805	$ 6,353

LEASES (Details Narrative)

LEASES (Details Narrative)	Sep. 30, 2021
Borrowing rate	3.50%
Office Space [Member] | Minimum [Member]
Operating lease term	2 years
Office Equipment [Member] | Maximum [Member]
Operating lease term	5 years

Property and equipment, net con

Property and equipment, net consist of the following (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	$ 155,279	$ 161,818
Less: Accumulated depreciation	(127,931)	(120,750)
Balance at end of period/year	27,348	41,068
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	27,874	29,048
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	103,255	107,603
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	7,938	8,273
Software and Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	$ 16,212	$ 16,894

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 3,734	$ 6,386	$ 12,224	$ 19,633

Accrued expense and other pay_3

Accrued expense and other payables consist of the following: (Details) - USD ($)		Sep. 30, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Provisions and accruals		$ 34,826	$ 43,668
Other Liabilities	[1]	296,972	309,545
Balance at end of period/year		$ 331,798	$ 353,213
[1]	Other payables mainly consist of members allocated redemption points for commissions.

Schedule of related party balan

Schedule of related party balances and transactions (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Related Party Transaction [Line Items]
Amount of due from related parties	$ 43,930	$ 34,332
Amount due to related parties	4,222,590	4,401,809
Amount due from director	71,894		$ 69,720
Asia Food People Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	3,243	3,074
G 2lux Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	31,261	21,606
Ho Wah Genting Berhad [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	5,016	5,226
Snatch Asia Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	4,410	4,426
Ho Wah Genting Group Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount due to related parties	485,989	83,339
Dato Lim Hui Boon [Member]
Related Party Transaction [Line Items]
Amount due to related parties	71,651	49,778
Ho Wah Genting Holding Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount due to related parties	59,709	62,223
Grande Legacy Inc [Member]
Related Party Transaction [Line Items]
Amount due to related parties	3,605,241	$ 4,206,469
Lim Wee Kiat [Member]
Related Party Transaction [Line Items]
Amount due from director	39,215		35,856
Leong Yee Ming [Member]
Related Party Transaction [Line Items]
Amount due from director	$ 32,679		$ 33,864

RELATED PARTY BALANCES AND TR_3

RELATED PARTY BALANCES AND TRANSACTIONS (Details Narrative) - Grande Legacy Inc [Member] - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Related Party Transaction [Line Items]
Insurance Commissions and Fees	$ 360,000	$ 360,000
Royalty income	0	293
Product sales	$ 2,770	$ 13,697