Fintech Scion (FINR) 10-Q 12 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 10, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-55685
Entity Registrant Name	HWGC HOLDINGS 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		5,409,310

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 47,588	$ 37,033
Amount due from related parties	55,174	49,805
Inventories
Other receivables, prepayments and other current assets	25,528	37,333
Total Current Assets	128,290	124,171
Non-current assets
Right-of-use assets	23,977	34,768
Property and equipment, net	21,034	24,048
Total Non-Current Assets	45,011	58,816
TOTAL ASSETS	173,301	182,987
Current liabilities
Amounts due to related parties	4,371,719	4,267,033
Commission payables	125,507	126,315
Accounts payable	3,213	78
Accruals and other payables	329,679	342,661
Lease obligation	20,285	30,289
Total Current Liabilities	4,850,403	4,766,376
Non-current liabilities
Lease obligation, net of current portion	2,560	2,576
Total Non-Current Liabilities	2,560	2,576
TOTAL LIABILITIES	4,852,963	4,768,952
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	(9,722,171)	(9,598,819)
Accumulated other comprehensive income	287,302	257,647
Total Stockholders’ Equity	(4,679,662)	(4,585,965)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 173,301	$ 182,987

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
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
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
REVENUE	$ 17	$ 134
COST OF REVENUE	(11)	(98)
GROSS PROFIT	6	36
OPERATING EXPENSES
Selling expense		(23)
General and administrative expenses	(127,055)	(122,140)
Total operating expenses	(127,055)	(122,163)
LOSS FROM OPERATIONS	(127,049)	(122,127)
OTHER INCOME/(EXPENSE), NET
Other income	6,381	120,000
Other expense	(2,684)	(1,943)
Total other income, net	3,697	118,057
Net loss	(123,352)	(4,070)
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	29,655	136,515
TOTAL COMPREHENSIVE INCOME	$ (93,697)	$ 132,445
Weighted average number of common shares outstanding - basic and diluted	54,087,903	54,087,903
Net Loss per share - basic and diluted	$ 0	$ 0

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (123,352)	$ (4,070)
Items not involving cash:
Depreciation and amortization of– property and equipment and right-of-use assets	13,461	15,631
Interest expenses on lease obligation	258	456
Changes in operating assets and liabilities
Other receivables, prepayments and other current assets	11,805	3,413
Inventories		121
Accounts Payable	3,135	790
Commission payables	(808)	(4,028)
Accrued expense and other payables	(12,982)	(6,532)
Net used in operating activities	(108,483)	(5,781)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment		(3,708)
Net cash used in investing activities		(3,708)
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of principal portion of lease liabilities	(9,709)	(11,657)
Proceeds from related parties	129,025	5,044
Net cash provided by (used in) financing activities	119,316	(6,613)
EFFECT OF EXCHANGE RATES ON CASH	(278)	(1,256)
NET CHANGE IN CASH AND CASH EQUIVALENTS	10,555	(5,796)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	37,033	46,551
CASH AND CASH EQUIVALENTS, END OF PERIOD	47,588	40,755
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, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	1. ORGANIZATION AND BUSINESS HWGC Holdings Limited (“the Company”) formerly known as Vitaxel Group Limited, 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	3 Months Ended
	Mar. 31, 2022
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, 2021, 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 March 31, 2022, results of operations for the three months ended March 31, 2022 and 2021, and cash flows for the three months ended March 31, 2022 and 2021. All significant intercompany transactions and balances are eliminated on consolidation. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results of operations for the entire fiscal year. Recently issued accounting pronouncements On March 28, 2022, the FASB issued ASU 2022-01,1 which clarifies the guidance in ASC 8152 on fair value hedge accounting of interest rate risk for portfolios of financial assets. The ASU amends the guidance in ASU 2017-123 that, among other things, established the “last-of-layer” method for making the fair value hedge accounting for these portfolios more accessible by allowing the entities to apply the portfolio layer method to portfolios of all financial assets, including both prepayable and non-prepayable financial assets. ASU 2022-01’s amendments are effective for public business entities, fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. We do not expect the adoption of these amendments to have a material effect on our consolidated financial statements.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022, the Company reported a net loss of $ 123,352 4,724,673 9,722,171 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. 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	3 Months Ended
	Mar. 31, 2022
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: March 31, December 31, Other receivables $ 441 $ — Deposits (1) 14,650 14,744 Prepayments (2) 10,437 22,589 Total other receivables and other assets $ 25,492 $ 37,333 (1) Deposits represented payments for rental and utilities. (2) Prepayments mainly consists of prepayment for insurance and IT related fees.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
LEASES	5. LEASES The Company capitalizes all leased assets pursuant to ASU 2016-02, “Leases (Topic 842),” which requires lessees to recognize right-of-use assets and lease liability, initially measured at present value of the lease payments, on its balance sheet for leases with terms longer than 12 months and classified as either financing or operating 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 $ 81,373 $ 81,897 Office equipment 6,993 7,038 88,366 88,935 Less: Accumulated amortization (64,389 ) (54,167 ) Balance at end of period/year $ 23,977 $ 34,768 Lease liabilities consist of the following: As of As of Lease payments Office space $ 19,277 $ 29,102 Office equipment 3,930 4,387 Total lease payments 23,207 33,489 Less: discount (362 ) (624 ) Lease obligation 22,845 32,865 Less: current obligations (20,285 ) (30,289 ) Lease obligation, net of current portion $ 2,560 $ 2,576

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	6. PROPERTY AND EQUIPMENT, NET Property and equipment, net consist of the following: As of March 31, 2022 As of Office equipment $ 27,775 $ 27,954 Computer equipment 102,889 103,552 Furniture and fittings 7,910 7,961 Software and website 16,154 16,258 154,728 155,725 Less: Accumulated depreciation (133,694 ) (131,677 ) Balance at end of period/year $ 21,034 $ 24,048 Depreciation expenses charged to the statements of operations and comprehensive loss for the periods ended March 31, 2022 and 2021 were $ 2,867 4,433

ACCRUED EXPENSE AND OTHER PAYAB

ACCRUED EXPENSE AND OTHER PAYABLES	3 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
ACCRUED EXPENSE AND OTHER PAYABLES	6. ACCRUED EXPENSE AND OTHER PAYABLES Accrued expense and other payables consist of the following: As of March 31, 2022 As of Provisions and accruals $ 28,695 $ 44,482 Others (1) 300,984 298,179 Balance at end of period/year $ 329,679 $ 342,661 (1) Other payables mainly consist of members allocated redemption points for commissions.

RELATED PARTY BALANCES AND TRAN

RELATED PARTY BALANCES AND TRANSACTIONS	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	7. 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) $ 3,231 $ 3,252 G2lux Sdn Bhd (2) 42,573 37,099 Ho Wah Genting Berhad (3) 4,998 5,030 Snatch Asia Sdn Bhd (4) 4,371 4,424 Total Amount due from related parties $ 55,174 $ 49,805 Amount due to related parties Ho Wah Genting Group Sdn Bhd (5) $ 815,068 $ 626,308 Dato’ Lim Hui Boon (6) 71,397 71,857 Ho Wah Genting Holding Sdn Bhd (7) 59,497 59,880 Grande Legacy Inc. (8) 3,425,756 3,506,976 Grandelife Inc (9) — 2,012 Total Amount due to related parties $ 4,371,719 $ 4,267,033 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 March 31, 2022 and December 31, 2021, 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 March 31, 2022 and December 31, 2021, were advances made to G2lux. (3) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of Ho Wah Genting Berhad (“HWGB”), a company listed in Bursa Malaysia Main Market. (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 March 31, 2022 and December 31, 2021, 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 March 31, 2022 and December 31, 2021, were advances made to the Company. (7) A former director of the Company, Lim Wee Kiat, is also a director of Ho Wah Genting Holding Sdn Bhd. The Company entered into a lease arrangement with Ho Wah Genting Holding Sdn Bhd for corporate office facility. The 3 years st 3,220 (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 $nil and $ 120,000 (9) A director of the Company, Leong Yee Ming, is also a director of Grandelife Inc (“GR”). The amount due from GR as at December 31, 2021 were advances made by GR to the Company. (10) 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: March 31, March 31, Lim Wee Kiat $ 12,882 $ 13,279 Leong Yee Ming 12,167 10,328 $ 25,049 $ 23,607

OTHER RECEIVABLES, PREPAYMENT_2

OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS (Tables)	3 Months Ended
	Mar. 31, 2022
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: March 31, December 31, Other receivables $ 441 $ — Deposits (1) 14,650 14,744 Prepayments (2) 10,437 22,589 Total other receivables and other assets $ 25,492 $ 37,333 (1) Deposits represented payments for rental and utilities. (2) Prepayments mainly consists of prepayment for insurance and IT related fees.

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Right-of-use assets consist of the following:	Right-of-use assets consist of the following: As of As of Office space $ 81,373 $ 81,897 Office equipment 6,993 7,038 88,366 88,935 Less: Accumulated amortization (64,389 ) (54,167 ) Balance at end of period/year $ 23,977 $ 34,768
Lease liabilities consist of the following:	Lease liabilities consist of the following: As of As of Lease payments Office space $ 19,277 $ 29,102 Office equipment 3,930 4,387 Total lease payments 23,207 33,489 Less: discount (362 ) (624 ) Lease obligation 22,845 32,865 Less: current obligations (20,285 ) (30,289 ) Lease obligation, net of current portion $ 2,560 $ 2,576

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property and equipment, net consist of the following:	Property and equipment, net consist of the following: As of March 31, 2022 As of Office equipment $ 27,775 $ 27,954 Computer equipment 102,889 103,552 Furniture and fittings 7,910 7,961 Software and website 16,154 16,258 154,728 155,725 Less: Accumulated depreciation (133,694 ) (131,677 ) Balance at end of period/year $ 21,034 $ 24,048

ACCRUED EXPENSE AND OTHER PAY_2

ACCRUED EXPENSE AND OTHER PAYABLES (Tables)	3 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
Accrued expense and other payables consist of the following:	Accrued expense and other payables consist of the following: As of March 31, 2022 As of Provisions and accruals $ 28,695 $ 44,482 Others (1) 300,984 298,179 Balance at end of period/year $ 329,679 $ 342,661 (1) Other payables mainly consist of members allocated redemption points for commissions.

RELATED PARTY BALANCES AND TR_2

RELATED PARTY BALANCES AND TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2022
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) $ 3,231 $ 3,252 G2lux Sdn Bhd (2) 42,573 37,099 Ho Wah Genting Berhad (3) 4,998 5,030 Snatch Asia Sdn Bhd (4) 4,371 4,424 Total Amount due from related parties $ 55,174 $ 49,805 Amount due to related parties Ho Wah Genting Group Sdn Bhd (5) $ 815,068 $ 626,308 Dato’ Lim Hui Boon (6) 71,397 71,857 Ho Wah Genting Holding Sdn Bhd (7) 59,497 59,880 Grande Legacy Inc. (8) 3,425,756 3,506,976 Grandelife Inc (9) — 2,012 Total Amount due to related parties $ 4,371,719 $ 4,267,033 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 March 31, 2022 and December 31, 2021, 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 March 31, 2022 and December 31, 2021, were advances made to G2lux. (3) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of Ho Wah Genting Berhad (“HWGB”), a company listed in Bursa Malaysia Main Market. (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 March 31, 2022 and December 31, 2021, 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 March 31, 2022 and December 31, 2021, were advances made to the Company. (7) A former director of the Company, Lim Wee Kiat, is also a director of Ho Wah Genting Holding Sdn Bhd. The Company entered into a lease arrangement with Ho Wah Genting Holding Sdn Bhd for corporate office facility. The 3 years st 3,220 (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 $nil and $ 120,000 (9) A director of the Company, Leong Yee Ming, is also a director of Grandelife Inc (“GR”). The amount due from GR as at December 31, 2021 were advances made by GR to the Company. (10) 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: March 31, March 31, Lim Wee Kiat $ 12,882 $ 13,279 Leong Yee Ming 12,167 10,328 $ 25,049 $ 23,607

ORGANIZATION AND BUSINESS (Deta

ORGANIZATION AND BUSINESS (Details Narrative)	3 Months Ended
	Mar. 31, 2022
Vitaxel Sdn Bhd [Member]
State of incorporation	Malaysia
State of incorporation	Aug. 10, 2012
Vitaxel Online Mall SDN BHD [Member]
State of incorporation	Malaysia
State of incorporation	Sep. 22, 2015

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net income (loss)	$ (123,352)	$ (4,070)
Negative working capital	4,724,673
Accumulated deficit	$ (9,722,171)		$ (9,598,819)

Other receivables, prepayment_3

Other receivables, prepayments and other current assets consist of the following: (Details) - USD ($)		Mar. 31, 2022	Dec. 31, 2021
Other Receivables Prepayments And Other Current Assets
Other receivables		$ 441
Deposits	[1]	14,650	14,744
Prepayments	[2]	10,437	22,589
Total other receivables and other assets		$ 25,492	$ 37,333
[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 ($)	Mar. 31, 2022	Dec. 31, 2021
Operating lease right of use asset gross	$ 88,366	$ 88,935
Operating lease right of use asset gross	(64,389)	(54,167)
Right-of-use assets	23,977	34,768
Office Space [Member]
Operating lease right of use asset gross	81,373	81,897
Office Equipment [Member]
Operating lease right of use asset gross	$ 6,993	$ 7,038

Lease liabilities consist of th

Lease liabilities consist of the following: (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Lessee, operating lease, liability, to be paid	$ 23,207	$ 33,489
Lessee, operating lease, liability, undiscounted excess amount	(362)	(624)
Lease obligation	22,845	32,865
Lease obligation	(20,285)	(30,289)
Lease obligation, net of current portion	2,560	2,576
Office Space [Member]
Lease payments	19,277	29,102
Office Equipment [Member]
Lease payments	$ 3,930	$ 4,387

LEASES (Details Narrative)

LEASES (Details Narrative)	Mar. 31, 2022
Borrowing rate	3.50%
Office Space [Member] | Minimum [Member]
Operating lease term	2 years
Office Space [Member] | Maximum [Member]
Operating lease term	5 years

Property and equipment, net con

Property and equipment, net consist of the following: (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	$ 154,728	$ 155,725
Less: accumulated depreciation	(133,694)	(131,677)
Balance at end of period/year	21,034	24,048
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	27,775	27,954
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	102,889	103,552
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	7,910	7,961
Software and Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Balance at beginning of period/year	$ 16,154	$ 16,258

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 2,867	$ 4,433

Accrued expense and other pay_3

Accrued expense and other payables consist of the following: (Details) - USD ($)		Mar. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Provisions and accruals		$ 28,695	$ 44,482
Others	[1]	300,984	298,179
Balance at end of period/year		$ 329,679	$ 342,661
[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 ($)		3 Months Ended
		Mar. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Amount of due from related parties		$ 55,174	$ 49,805
Amount due to related parties		4,371,719	4,267,033
Amount due from director		25,049	23,607
Asia Food People Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[1]	3,231	3,252
G2lux Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[2]	42,573	37,099
Ho Wah Genting Group Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[3]	4,998	5,030
Snatch Asia Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[4]	4,371	4,424
Ho Wah Genting Group Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount due to related parties	[5]	815,068	626,308
Dato Lim Hui Boon [Member]
Related Party Transaction [Line Items]
Amount due to related parties	[6]	71,397	71,857
Ho Wah Genting Holding Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount due to related parties	[7]	$ 59,497	59,880
Lease term		3 years
Rent expense		$ 3,220
Grande Legacy Inc [Member]
Related Party Transaction [Line Items]
Amount due to related parties	[8]	3,425,756	3,506,976
Grandelife Inc [Member]
Related Party Transaction [Line Items]
Amount due to related parties			2,012
Immediate Family Member of Management or Principal Owner One [Member]
Related Party Transaction [Line Items]
Amount due from director		12,882	13,279
Immediate Family Member of Management or Principal Owner Two [Member]
Related Party Transaction [Line Items]
Amount due from director		$ 12,167	$ 10,328
[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 March 31, 2022 and December 31, 2021, 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 March 31, 2022 and December 31, 2021, were advances made to G2lux.
[3]	The President of the Company, Dato’ Lim Hui Boon, is also the Group President of Ho Wah Genting Berhad (“HWGB”), a company listed in Bursa Malaysia Main Market.
[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 March 31, 2022 and December 31, 2021, 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 March 31, 2022 and December 31, 2021, were advances made to the Company.
[7]	A former director of the Company, Lim Wee Kiat, 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”).

RELATED PARTY BALANCES AND TR_3

RELATED PARTY BALANCES AND TRANSACTIONS (Details Narrative)	3 Months Ended
	Mar. 31, 2021USD ($)
Grande Legacy Inc [Member]
Related Party Transaction [Line Items]
Management fee income	$ 120,000