Fintech Scion (FINR) 10-K/A 28 Aug 24 2023 FY Annual report (amended) Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	Aug. 15, 2024	Dec. 31, 2022
Cover [Abstract]
Document Type	10-K/A
Amendment Flag	true
Amendment Description	This Amendment No. 4 to Form 10-K (this "Amendment No. 4") amends the Annual Report to Form 10-K of Fintech Scion Limited, a Nevada corporation ("Fintech," the "Company," "we," or "us") for the fiscal year ended December 31, 2023, as filed with the Securities and Exchange Commission (the "SEC") on April 5, 2024 (the "Original Filing"). This Amendment is being filed for the purpose of making clarifications to our disclosure in response to the comment letter received from the staff of the SEC dated June 11, 2024 in connection with the staff's review of the Original Filing and to restate our financial statements as of and for the year ended December 31, 2023 and 2022, and to update related .
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-55685
Entity Registrant Name	FINTECH SCION LIMITED
Entity Central Index Key	0001623590
Entity Tax Identification Number	30-0803939
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	M Floor
Entity Address, Address Line Two	1st Floor
Entity Address, Address Line Three	No. 33 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	9226 0908
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 2,628,493
Entity Common Stock, Shares Outstanding		198,742,643
Document Financial Statement Error Correction [Flag]	false
Auditor Name	Pan-China Singapore PAC
Auditor Firm ID	6255
Auditor Location	Singapore

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 3,765,959	$ 3,791,378
Accounts receivable	59,974	1,792,195
Amount due from related parties		1,296,935
Other receivables, prepayments and other current assets	509,451	1,049,292
Inventories	12,000	2,272
Total Current Assets	4,347,384	7,932,072
Non-current assets
Intangible asset	34,707	59,803
Goodwill	16,657,653	55,794,524
Property and equipment, net	38,600	38,862
Total Non-Current Assets	16,730,960	55,893,189
TOTAL ASSETS	21,078,344	63,825,261
Current liabilities
Amounts due to related parties	755,040	2,463,833
Accounts payable	47,662	617,655
Accruals and other payables	1,953,160	1,861,979
Total Current Liabilities	2,755,862	4,943,467
Non-current liabilities
TOTAL LIABILITIES	2,755,862	4,943,467
STOCKHOLDERS’ EQUITY
Preferred stock par value $0.001: 25,000,000 shares authorized; and 0 outstanding
Common stock par value $0.001: 400,000,000 and $0.001: 400,000,000 shares authorized, respectively; 298,742,643 and 198,742,643 shares issued and outstanding, respectively	298,743	198,743
Additional paid-in capital (as restated)	107,282,394	107,282,394
Merger reserves	(55,000,000)	(55,000,000)
Accumulated surplus/(deficit) (as restated)	(34,830,411)	5,831,392
Accumulated other comprehensive income	569,339	565,935
Equity attributable to equity holders of the parent	18,320,065	58,878,464
Non-controlling interests	2,417	3,330
Total Stockholders’ Equity	18,322,482	58,881,794
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 21,078,344	$ 63,825,261

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	25,000,000	25,000,000
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized	400,000,000	400,000,000
Common stock, issued	298,742,643	198,742,643
Common stock, outstanding	298,742,643	198,742,643

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME OR LOSS AND COMPREHENSIVE INCOME OR LOSS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
REVENUE	$ 2,420,184	$ 2,482,936
COST OF REVENUE	(688,630)	(415,049)
GROSS PROFIT	1,731,554	2,067,887
OPERATING EXPENSES
Selling expense		(11,727)
General and administrative expenses	(3,415,786)	(1,162,886)
Impairment of goodwill	(39,136,871)
Total Operating Expenses	(42,552,657)	(1,174,613)
PROFIT/(LOSS) FROM OPERATIONS	(40,821,103)	893,274
OTHER INCOME / (EXPENSE), NET
Other income	397,532	5,481,990
Other expense	(73,660)	(300,672)
Total other income / (expense), net	323,872	5,181,318
NET INCOME / (LOSS) BEFORE TAX	(40,497,231)	6,074,592
Income tax	(165,485)	(5,057)
NET INCOME / (LOSS)	(40,662,716)	6,069,535
Loss attributable to non-controlling interest	913
NET INCOME / (LOSS) FOR THE PERIOD	(40,661,803)	6,069,535
OTHER COMPREHENSIVE INCOME / (LOSS)
Foreign currency translation adjustment	3,404	308,288
TOTAL COMPREHENSIVE INCOME / (LOSS)	$ (40,658,399)	$ 6,377,823
Weighted average number of common shares outstanding - basic and diluted - as restated	211,619,356	24,340,817
Net income / (loss) per share - basic and diluted - as restated	$ (0.19)	$ 0.25

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Merger Reserves [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Balance, December 31, 2022 (as restated) at Dec. 31, 2020	$ 5,409	$ 4,749,798		$ (9,576,061)	$ 87,592		$ (4,733,262)
Balance, at beginning (in shares) at Dec. 31, 2020	54,087,903
Net income				(22,758)			(22,758)
Foreign currency translation adjustment					170,055		170,055
Balance, December 31, 2023 (as restated) at Dec. 31, 2021	$ 5,409	4,749,798		(9,598,819)	257,647		(4,585,965)
Balance, at ending (in shares) at Dec. 31, 2021	54,087,903
Net income				6,069,535			6,069,535
Foreign currency translation adjustment					308,288		308,288
Reverse stock split
Reverse stock split (in shares)	(48,678,593)
Issuance of stock	$ 193,334						193,334
Issuance of stock (in shares)	193,333,333
Acquisition of subsidiaries (as restated)		113,238,875	(55,000,000)			3,330	58,242,205
Reserve release upon disposal of subsidiaries		(1,345,603)					(1,345,603)
Reverse merger recapitalization (as restated)		(9,360,676)		9,360,676
Balance, December 31, 2023 (as restated) at Dec. 31, 2022	$ 198,743	107,282,394	(55,000,000)	5,831,392	565,935	3,330	58,881,794
Balance, at ending (in shares) at Dec. 31, 2022	198,742,643
Net income				(40,661,803)		(913)	(40,662,716)
Foreign currency translation adjustment					3,404		3,404
Issuance of stock	$ 100,000						100,000
Issuance of stock (in shares)	100,000,000
Acquisition of subsidiaries (as restated)							58,245,587
Balance, December 31, 2023 (as restated) at Dec. 31, 2023	$ 298,743	$ 107,282,394	$ (55,000,000)	$ (34,830,411)	$ 569,339	$ 2,417	$ 18,322,482
Balance, at ending (in shares) at Dec. 31, 2023	298,742,643

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income / (loss)	$ (40,662,716)	$ 6,069,535
Items not involving cash:
Depreciation and amortization of- property, plant and equipment and right-of-use assets	37,853	37,471
Gain on disposal of subsidiaries		(5,481,178)
Impairment on goodwill	39,136,871
Changes in operating assets and liabilities:
Accounts receivables	1,732,221	(1,792,195)
Other receivables, prepayments and other current assets	539,842	(1,011,960)
Inventories	(9,728)	(2,272)
Accounts payable	(569,993)	617,577
Commission payables		(126,315)
Accrued expense and other payables	91,181	1,519,318
Net (used in) / cash generated by operating activities	295,531	(170,019)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(12,496)
Disposal of subsidiaries, net of cash disposed		(75,389)
Acquisition of subsidiaries, net cash acquired		3,640,813
Net (used in) / cash generated by investing activities	(12,496)	3,565,424
CASH FLOWS FROM FINANCING ACTIVITIES
Proceed from related parties	(411,858)	391,805
Proceeds from issuance of shares	100,000
Net cash generated by / (used in) financing activities	(311,858)	391,805
EFFECT OF EXCHANGE RATES ON CASH	3,404	(32,865)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(25,419)	3,754,345
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	3,791,378	37,033
CASH AND CASH EQUIVALENTS, END OF YEAR	3,765,959	3,791,378
SUPPLEMENTAL OF CASH FLOW INFORMATION
Cash paid for interest expenses
Cash paid for income tax

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	1. ORGANIZATION AND BUSINESS Fintech Scion Limited (“the Company”) previously known as HWGC Holdings Limited, incorporated in Nevada. The Company holds the following equity interests in its subsidiaries: Interest No. Name of subsidiary Country of incorporation 2023 % 2022 % Principal activities 1 FintechCashier Asia P.L.C., previously known as HWGG Capital P.L.C. (“FintechAsia”) Malaysia 100 100 Money broking 2 HWG Cash Singapore Pte Ltd (“HCS”) Singapore 55 55 Trading of digital assets 3 HWGC KZ Limited (“HKZ”) Kazakhstan 100 100 Software development 4 Fintech Scion Limited (“Fintech”) United Kingdom 100 100 Holding company and protection of Intellectual Property 5 Fintech Digital Solutions Limited (“FDS”) United Kingdom 100 100 Digital payment services 6 Fintech Digital Consulting Limited (“FDC”) United Kingdom 100 100 Technology provider and payment consulting 7 Aelora Sdn Bhd, previously known as Vitaxel Sdn Bhd (“ASB”) Malaysia — 100 (1) Direct selling industry 8 Vitaxel Online Mall Sdn Bhd (“VOM”) Malaysia — 100 (1) Online shopping platforms (1) ASB and VOM were disposed by the Company on December 30, 2022. The Company is previously engaged in direct selling industry and online shopping platform primarily through its operating entities in Malaysia. On December 30, 2022, the Company restructured after the consummation of two share exchange agreements and the disposal of ASB and VOM. The Company upon the restructuring, offers digital banking services by providing the tools, skills, and solutions to facilitate payment services to merchants, offering a variety of secured, online and fully managed transactions and settlements. Restructuring Transactions The following restructuring transactions has occurred during the year ended December 31, 2023 and 2022: i. Acquisition of FintechAsia ii. Acquisition of Fintech iii. Disposal of ASB and VOM iv. Acquisition of Assets and Termination Acquisition of FintechAsia On July 21, 2022, the Company entered into a share exchange agreement with FintechAsia. Prior to the consummation of the share exchange agreement, FintechAsia is also under the control of the Company’s management. Under this share exchange agreement, the Company is to acquire all issued and outstanding ordinary shares of FintechAsia in exchange for an aggregate of $ 55,000,000 0.60 91,666,667 On November 15, 2022, the Company completed the acquisition of FintechAsia upon the consummation of the share exchange agreement with the shareholders of FintechAsia. HCS and HKZ become the subsidiaries of the Company upon the completion of the acquisition of FintechAsia. The acquisition of FintechAsia is accounted for as a reorganization of entities under common control. As a result, the Company measured the recognized assets and liabilities combined at their historical cost at the acquisition date. The difference between consideration paid and assets and liabilities received are presented as a component of equity; merger reserves and additional paid-in-capital. The number of common stock outstanding upon the consummation of the share exchange agreement was 97,075,977 Acquisition of Fintech On August 9, 2022, the Company entered into a share exchange agreement with Fintech. Under this share exchange agreement with Fintech, the Company acquired all issued and outstanding ordinary shares of Fintech from the Fintech’s shareholders in exchange for an aggregate of $ 61,000,000 0.60 101,666,666 On November 30, 2022, the Company completed the acquisition of Fintech upon the consummation of the share exchange agreement with the shareholders of Fintech. FDS and FDC become the subsidiaries of the Company upon the completion of the acquisition of Fintech. Upon consummation of the share exchange with Fintech, the owners and management of Fintech have voting and operation control of the Company. This gives effect to the reverse acquisition transaction (“reverse acquisition”). The Company recognized goodwill arising from the excess in purchase consideration as compared to the estimated fair value of the Company. In determining the purchase consideration for both the HWGG and Fintech acquisition, the Company adopted the acquisition date fair value at $ 0.60 The number of common stock outstanding upon the consummation of the share exchange agreement was 198,742,643 Goodwill recognized is further disclosed in Note 5: Goodwill. Disposal of ASB & VOM On December 30, 2022, the Company entered into a stock purchase agreement with Mr Leong Yee Ming, the previous director and CEO of the Company, and for the purposes of the assignment of certain intercompany debt. Pursuant to the terms of the agreement, the Company sold to Mr Leong, all issued and outstanding shares of ASB and VOM, for an aggregate purchase price of RM4,500,002 (approximately $1,124,998). Upon completion of the disposal, ASB and VOM ceased to be the subsidiary of the Company as at December 31, 2022. The disposal had the following financial effects on the Company for the year ended December 31, 2022: For the year ended December 31, 2022 ASB VOM Total Property, plant and equipment, net. $ 11,824 $ 229 $ 12,053 Rights-of-use assets 13,854 — 13,854 Cash and cash equivalents 75,389 — 75,389 Other receivables, prepayments and other current assets 10,793 2,156 12,949 Other payables (4,365,372 ) (25,528 ) (4,390,900 ) Lease liabilities (79,525 ) — (79,525 ) Net liabilities disposed $ (4,333,037 ) $ (23,143 ) (4,356,180 ) Consideration received, satisfied in assignment of intercompany debt (1,124,997 ) (1 ) (1,124,998 ) Net gain on disposal of subsidiaries $ (5,458,034 ) $ (23,144 ) $ (5,481,178 ) Acquisitions of Assets & Termination On October 11, 2023, the Company entered into an Asset Conveyance Agreement (the “Purchase Agreement”) with CICO Digital Solutions Limited, a British Columbia company (“CICO” and a related party company that has a common control by a major shareholder of the Company). The Purchase Agreement provided for the acquisition by the Company of substantially all of the assets of CICO (the “Assets”) related to CICO’s business of providing a service platform and software application for payment services from CICO. As consideration for the transfer and sale of the Assets, the Company issued CICO 100,000,000 0.001 On December 27, 2023, the Company and CICO mutually and voluntarily agreed to unwind the transaction contemplated by the Purchase Agreement. Upon termination, each of the parties to the Purchase Agreement were relieved of their respective rights, liabilities, expenses and other obligations under the Purchase Agreement. In connection therewith, CICO transferred the Shares back to the Company for cancellation upon receipt. The Shares were cancelled and removed from the Company’s issued and outstanding shares of common stock on January 30, 2024.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying 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”). 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. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. On consolidation, all intercompany balances and transactions are eliminated. Use of estimates The preparation of consolidated financial statements in conformity with US GAAP 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 year. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. Significant areas of estimate include useful lives of property and equipment, impairment of long-term assets and deferred income tax obligations. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Foreign currency translation and transactions The functional currency of the Company is United States Dollar (US Dollars). The Company translates the financial statements of its foreign subsidiary from the local (functional) currency into US Dollars using the year or reporting period end or average exchange rates in accordance with the requirements of Accounting Standards Codification subtopic 830-10, Foreign Currency Matters (“ASC 830-10”). Assets and liabilities of these subsidiaries were translated at exchange rates as of the balance sheet date. Revenues and expenses are translated at average rates in effect for the periods presented. Translation gains and losses are recorded in accumulated other comprehensive income or loss as a component of shareholders’ equity. Cash and cash equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments, which are unrestricted from withdrawal or use, and which have original maturities of three months or less when purchased. Accounts receivable Accounts receivable are recognized and carried at original invoiced amount less an allowance for any potential uncollectible amounts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. The Company generally does not require collateral from its customers. For the year ended December 31, 2023 and 2022, the Company wrote down $ 39,310 nil 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 December 31, 2023 and 2022, none of the Company’s assets and liabilities was required to be reported at fair value on a recurring basis. Carrying values of non-derivative financial instruments, including cash, accounts receivables, payables and accrued liabilities, approximate their fair values due to the short-term nature of these financial instruments. There were no changes in methods or assumptions during the periods presented. Inventories Inventories consist of finished goods and prepaid cards. Inventories are stated at lower of cost or net realizable value, with cost determined on a weighted-average method, and not to exceed net realizable value. The Company writes down its inventory balances for obsolete amounts estimated on an individual basis for the finished goods. For the year ended December 31, 2023 and 2022, the Company wrote down $ nil nil Goodwill Goodwill is not amortized but is subject to annual impairment tests. Goodwill has been assigned to reporting units. Potential impairment of a reporting unit is identified by either comparing a reporting unit’s estimated fair value to its carrying amount or doing a qualitative assessment of a reporting unit’s fair value from the last quantitative assessment to determine if there is potential impairment. We may do a qualitative assessment when the results of the previous quantitative test indicated the reporting unit’s estimated fair value was significantly in excess of the carrying value of its net assets and we do not believe there have been significant changes in the reporting unit’s operations that would significantly decrease its estimated fair value. If a quantitative assessment is performed, the fair value of the reporting unit and the fair value of goodwill are determined based upon a discounted cash flow analysis and/or use of a market approach by looking at market values of comparable companies. Significant assumptions are incorporated into our discounted cash flow analyses such as forecasted net sales, revenue growth rates, forecasted operating expenses and risk-adjusted discount rates. We perform this test in the fourth quarter of the year or whenever events or changes in circumstances indicate that the fair value of the reporting unit is more likely than not below its carrying amount. If the fair value of the reporting unit is less than its carrying value, an impairment loss is recorded in the amount that the carrying value of the reporting unit exceeds the fair value. See Note 5 for more information regarding goodwill. Impairment of Long-Lived Assets The Company periodically reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the estimated fair value of the asset. Intangible assets Intangible assets primarily include trademarks and trade secrets with indefinite lives and customer-relationships with finite lives. Intangible assets with indefinite lives are not amortized but are tested for impairment on an annual basis, or more frequently if indicators of impairment are present. Indefinite lived intangible assets are assessed using either a qualitative or a quantitative approach. The qualitative assessment evaluates factors including macro-economic conditions, industry and company-specific factors, legal and regulatory environments, and historical company performance in assessing fair value. If it is determined that it is more likely than not that the fair value of the intangible asset is less than its carrying value, a quantitative test is then performed. Otherwise, no further testing is required. When using a quantitative approach, the Company compares the fair value of the intangible asset to its carrying amount, including goodwill. If the estimated fair value of the intangible asset is less than the carrying amount of the intangible asset, impairment is indicated, requiring recognition of an impairment charge for the differential. Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. The Company reviews for impairment indicators of finite-lived intangibles and other long-lived assets as described in the “Impairment of Long-Lived Assets” significant accounting policy. Property and equipment, net Property and equipment are carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives: Schedule of property, plant and equipment estimated useful lives Office equipment 5 years Computer equipment 5 years Furniture and fixtures 5 years Electrical & fitting 5 years Software and website 5 years The residual values, useful lives and methods of depreciation of property and equipment are reviewed and adjusted if appropriate, on an annual basis. Leases The Company assesses, at the inception of contract, whether it contains a lease. A contract is classified as a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company recognizes a right-of-use asset and lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises of the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any indirect costs incurred. The right-to-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-to-use asset or the end of the lease term. In addition, the right-of-use asset is periodically reduced by impairment losses and adjusted for certain remeasurements of the lease liability, if any. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be determined, the Company’s incremental borrowing rate. The lease liability is subsequently increased by the interest cost on the lease liability and decreased by lease payments made. It is remeasured when there is a change in future lease payment arising from a change in an index or rate, or changes in assessment of whether a purchase or extension option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised. Revenue recognition The primary source of our revenue is the transaction fees from financial payment and settlement services. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is generated through delivery services. Revenue is recognized when a customer receives services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those services. The Company applies the following five-step model in order to determine this amount: (i) identification of the services in the contract; (ii) determination of whether the services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, the Company’s performance obligations are transferred to customers as services are performed over the remaining contractual terms. Research and Development Costs Research and development (“R&D”) costs are charged to expense in the periods incurred. There were no Commission expense Commission expense incurred by the Company is recognized as cost of revenue and as a liability (commission payable in the consolidated balance sheet. Commission expense is not recoverable once recognized and is expensed as incurred. Income Taxes Income taxes are determined using the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes that date of enactment. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. 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. As of December 31, 2023 and 2022, the Company recognized income tax of expense of $ 165,485 5,057 Comprehensive income / loss Comprehensive income / loss includes net gain/loss and cumulative foreign currency translation adjustments and is reported in the Consolidated Statement of Comprehensive Income or Loss. Income / Loss per share The income / loss per share is computed using the weighted average number of shares outstanding during the fiscal years. For the years ended December 31, 2023 and 2022, there was no dilutive effect due to net gain / loss. Related party transactions The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include (a) affiliates of the registrant; (b) 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; (c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; (d) principal owners of the Company; (e) management of the Company; (f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and (g) Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The financial statements include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of financial statements is not required in those statements. The disclosures shall include: (a) the nature of the relationship(s) involved; (b) description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; (c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and (d) amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement. Recently issued accounting pronouncements Accounting standards promulgated by the FASB are subject to change. Changes in such standards may have an impact on the Company’s future financial statements. The following are a summary of recent accounting developments. In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) to simplify accounting for certain financial instruments. ASU 2020-06 eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The new standard also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. ASU 2020-06 amends the diluted earnings per share guidance, including the requirement to use the if-converted method for all convertible instruments. ASU 2020-06 is effective January 1, 2024 for the Company and should be applied on a full or modified retrospective basis, with early adoption permitted beginning January 1, 2021. The Company has determined not to early adopt ASU 2020-06. The implementation of this accounting treatment is not expected to have a material effect on the Company’s financial statements. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the Securities and Exchange Commission (“SEC”) did not, or are not believed by management, to have a material impact on the Company’s present and future consolidated financial statements. Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

ACCOUNTS RECEIVABLES

ACCOUNTS RECEIVABLES	12 Months Ended
	Dec. 31, 2023
Credit Loss [Abstract]
ACCOUNTS RECEIVABLES	3. ACCOUNTS RECEIVABLES Accounts receivable represent balances from: (i) transactions fees receivable generated from financial payment and settlement services; (ii) non-interest-bearing credit tokens issue to authorized agents. Services billed are generally settled upon financial services has been rendered. Only limited clients are extended with credits. As at December 31, 2023, we had accounts receivable of $ 59,974 39,310 1,792,195 597,986 1,194,208 The company has assessed the impairment and considers the remaining accounts receivable to be fully collectible, therefore no further impairment is necessary as at December 31, 2023.

OTHER RECEIVABLES, PREPAYMENTS

OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2023
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: Schedule of other receivables and other assets As of As of Other receivables (1) $ 294,780 $ 949,430 Deposits (2) $ 110,161 $ 87,805 Prepayments (3) $ 4,510 $ 12,057 Common stock not paid (4) $ 100,000 $ — Total $ 509,451 $ 1,049,292 (1) Other receivables primarily represent balances in liquidity solution providers. (2) Deposits represented payments for rental, utilities, and deposit payment to product suppliers. (3) Prepayments mainly consists of prepayment for insurance and IT related fees. (4) Common stock not paid consists of the shares issued to CICO as disclosed in Note 1: Organization And Business.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	5. Goodwill The table below set forth the carrying amount of goodwill for the year ended December 31, 2023 and 2022: As of As of Gross carrying amount $ — $ — Acquired in business combination (1) 55,794,524 55,794,524 Total 55,794,524 55,794,524 Accumulated impairment $ — $ — Impairment (2) (39,136,871 ) — — — Goodwill, net $ 16,657,653 $ 55,794,524 (1) Goodwill acquired during the year ended December 31, 2022 resulted from the acquisition of Fintech as disclosed in Note 1: Organization and business. Goodwill is calculated based on the excess in purchase consideration as compared to the fair value of the Company. The acquisition date fair value is $ 58,245,587 97,075,997 0.60 Schedule of fair value adjustment As of Property, plant and equipment, net. $ 21,807 Intangible asset 59,803 Current assets $ 7,239,547 Current liabilities (4,870,094 ) Net assets acquired $ 2,451,063 (2) The Company performs our annual test of goodwill impairment in the fourth quarter of every year. In connection with the annual goodwill impairment test in the fourth quarter of 2023, the Company estimated the fair value of our FintechAsia reporting unit using the income and market approaches. In the annual 2023 test, the FintechAsia reporting unit exceeded the carrying values by more than 50 percent. The Company performed a qualitative test on our FintechAsia reporting unit and concluded it was more likely than not the fair value of this reporting unit exceeded its carrying value. During the year ended December 31, 2023, the Company recorded a goodwill impairment charge of $ 39,136,871 The Company estimated the fair value of the FintechAsia reporting unit based on income and market approaches. Fair value under the income approach was determined by discounting to present value the estimated future cash flows of the reporting unit. Fair value under the market approach utilized the guideline public company methodology, which uses valuation indicators from publicly-traded companies that are similar to our FintechAsia reporting unit and considers differences between our reporting unit and the comparable companies. In estimating the future cash flows of the FintechAsia reporting unit, the Company utilized a combination of market and company-specific inputs that a market participant would use in assessing the fair value of the reporting units. The primary market input was revenue growth rates. These rates were based upon historical trends and estimated future growth drivers such as the money brokering, payment solutions, and white labelling growth rate. Significant company-specific inputs included assumptions regarding how the reporting unit could leverage operating expenses as revenue grows. Under the guideline public company methodology, the Company took into consideration specific risk differences between our reporting unit and the comparable companies, such as recent financial performance, size risks and product portfolios, among other considerations. The Company used significant unobservable inputs within the income approach valuation method. These include the discount rate of 25.05 1.50 The Company will continue to monitor the fair value of our reporting units in our interim and annual reporting periods. If our estimated cash flows decrease, the Company may have to record further impairment charges in the future. Factors that could result in our cash flows being lower than our current estimates include: 1) decreased revenues caused by unforeseen changes the market, 2) our inability to achieve the estimated operating margins in our forecasts from our restructuring programs, cost saving initiatives, and other unforeseen factors, and 3) the weakening of foreign currencies against the U.S. Dollar. Additionally, changes in the broader economic environment could cause changes to our estimated discount rates and comparable company valuation indicators, which may impact our estimated fair values. Due to the significant carrying amount of goodwill recognized, any further impairment may cause a significant adverse financial impact on the Company that could raise doubt about the Company’s ability to continue as a going concern.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	6. PROPERTY AND EQUIPMENT Property and equipment, net consist of the following: As of As of Office equipment $ 8,628 $ 7,067 Computer equipment 49,600 31,959 Furniture and fittings 4,824 4,501 Software and website 10,173 17,202 73,225 60,729 Less: Accumulated depreciation (34,625 ) (21,867 ) Balance at end of year $ 38,600 $ 38,862 Depreciation expenses charged to the statements of loss and comprehensive loss for the years ended December 31, 2023 and 2022 were $ 12,758 7,569

ACCRUALS AND OTHER PAYABLES

ACCRUALS AND OTHER PAYABLES	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
ACCRUALS AND OTHER PAYABLES	7. ACCRUALS AND OTHER PAYABLES Accruals and other payables consist of the following: As of As of Provisions and accruals (1) $ 319,939 $ 163,217 Others (2) 1,633,221 1,698,762 Balance at end of year $ 1,953,160 $ 1,861,979 (1) Provisions and accruals consists mainly of audit and accountancy fees and includes $52,000 of share options issued to directors during the year. (2) Other payables mainly consists of client funds.

INCOME TAX

INCOME TAX	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAX	8. INCOME TAX Income taxes consisted of U.S. income tax and foreign income tax, where foreign income tax consist of United Kingdom income tax and Malaysia income tax. U.S. income tax rate is 21 21 25 19 24 24 3 3 Income taxes includes the following components: For the year ended December 31, December 31, United States $ 55,692 $ — Foreign 109,793 5,057 Income tax recovery $ 165,485 $ 5,057 The foreign income taxes derived from Malaysia income tax within territory of Labuan. No United Kingdom income taxes are provided due to sufficient tax credits in the UK subsidiaries for offsetting against its income taxes for the year ended December 31, 2023. Under IRC Section 382, a corporation that undergoes an “ownership change” in subject to limitations on its use of pre-change NOL carryforwards to offset future taxable income. As of each reporting date, the management assessed the realizability of deferred tax assets. Deferred tax assets had not been recognized in respect of any potential tax benefit that may be derived from non-capital loss carry forward and property and equipment due to past negative evidence of previous cumulative net losses and uncertainty upon restructuring. The management will continue to assess at each reporting period to determine the realizability of deferred tax assets.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2023
Revenue Recognition and Deferred Revenue [Abstract]
Revenue	9. Revenue The Company derives its revenue mainly from transaction fees earned through financial payment and settlement services. For these transaction fee revenues, the Company view itself as the agent in these transactions and as a result, records revenue on a net basis. The Company considers its performance obligation satisfied and recognizes revenue at the point in time the transaction is processed. The disaggregation of revenue of the Company by geographical region is as follows United Kingdom Malaysia Total 2023 2022 2023 2022 2023 2022 As Restated As Restated Transaction fees 1,983,139 2,476,385 287,734 2,612 2,270,873 2,478,997 Other — — 149,311 3,939 149,311 3,939 Total revenue 1,983,139 2,476,385 437,045 6,551 2,420,184 2,482,936

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	10. RELATED PARTY TRANSACTIONS Schedule of related party transaction As of As of Amount due from related parties Ho Wah Genting Group Sdn Bhd (2) $ — $ 799,094 HWG Fintech International Ltd (2) — 497,841 Total Amount due from related parties $ — $ 1,296,935 Amount due to related parties Grande Legacy Inc. (1) $ — $ 266,610 HWG Capital Inc. (3) — 329,565 HWG Digital Investment Bank (Malaysia) P.L.C. (2) — 1,596,825 Aelora Sdn Bhd (1) — 23,933 Ho Wah Genting Group Sdn Bhd (2) 25,748 — Shalom Dodoun (4) 727,624 246,900 Natalie Kastberg (5) 1,668 — Total Amount due to related parties $ 755,040 $ 2,463,833 The related party balances are unsecured, interest-free and repayable on demand. (1) During the year ended December 31, 2022, Aelora Sdn Bhd (“ASB” and previously known as “Vitaxel Sdn Bhd”) and Vitaxel Online Mall Sdn Bhd (“VOM”), which are dormant, have been disposed as part of the restructuring transactions as disclosed in Note 1: Organization and Business. Both ASB and VOM are disposed to Mr Leong Yee Ming, a previous director and CEO of the Company, which also includes certain intercompany debt assignment. Upon completion of the disposal, related party balances that are outstanding relating to advances made by Grande Legacy Inc. (“GL”) and ASB are $ nil nil (2) Dato’ Lim Hui Boon, the previous president of the Company, is the director of Ho Wah Genting Group Sdn Bhd (“HWGGSB”). Dato’ Lim Hui Boon, is directly related to Mr Lim Chun Hoo, the previous CFO and the current CEO and director of the Company. Mr Lim Chun Hoo, the previous CFO and the current CEO and director of the Company, is a director in HWG Fintech International Ltd (“HWGFI”) and a previous director of HWGGSB and HWG Digital Investment Bank (Malaysia) P.L.C. (“HDIB”). HDIB is previously known as Ho Wah Genting Investment Bank (Labuan) P.L.C. The amount due from HWGGSB and HWGFI as at December 31, 2023 and December 31, 2022, were advances made by the Company to HWGGSB and HWGFI. Whilst amount due to HDIB were advances made by HDIB to the Company. (3) Mr Leong Yee Ming, a previous director and CEO of the Company, is a director of HWG Capital Inc. (previously known as “GrandeLife Inc.”). (4) Mr Shalom Dodoun (“Mr Shalom”) was the previous director and CEO of the Company. The amount due to Mr Shalom as at December 31, 2023, were advances made by Mr Shalom to the Company. Mr Shalom agreed to grant the Company an unsecured Sterling term loan facility and the Company shall pay interest on the Loan at the rate of 6 (5) Ms Natalie Kastberg (“Ms Kastberg”), is a current director of Fintech. The amount due to Ms Kastberg as at December 31, 2023, were advances made by Ms Kastberg to the Company. (6) 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 of the Company that are individually in excess of $ 100,000 Schedule of officers December 31, December 31, Directors & Officers Shalom Dodoun – Previous Director, Chief Executive Officer of the Company $ 287,138 $ 142,005 Richard Berman – Non-executive Director of the Company (7) $ 100,000 $ — (7) Mr. Richard Berman (“Mr. Berman”), is a current non-executive director of the Company.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES Capital Commitments Upon the successful uplisting of the Company to Nasdaq, Mr. Richard Berman, the non-executive director of the Company, shall be rewarded with Company’s shares, up to a maximum of 1

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY	12. STOCKHOLDERS’ EQUITY Common stocks The Company’s authorized common stock is $ 0.001 400,000,000 298,742,643 The Company’s authorized common stock is $0.001: 400,000,000 198,742,643 The Company’s authorized common stock is $ 0.0001 70,000,000 54,087,903 On April 8, 2022, Financial Industry Regulatory Authority, Inc. (“FINRA”) notified the Company that the Reverse Stock Split will take effect on the over-the-counter market at the start of business on April 11, 2022. The reverse stock split reduces the 54,087,903 48,678,593 5,409,310 0.001 400,000,000 5,409,310 On November 15, 2022 and November 30, 2022, the Company issued 91,666,667 101,666,666 193,333,333 On November 15, 2023, the Company issued 100,000,000 298,742,643 On December 27, 2023, the Company and CICO mutually and voluntarily agreed to unwind the transaction. The Shares were cancelled and removed from the Company’s issued and outstanding shares of common stock on January 30, 2024, decreasing the total issued and outstanding shares of the Company to 198,742,643 Preferred stocks On March 10, 2022, the Company filed with the Secretary of State of the State of Nevada a Certificate of Designation of the Relative Rights and Preferences of The Redeemable Convertible Preferred Stock (the “Certificate of Designation”). Pursuant to the Certificate of Designation, the board of directors of the Company authorized the creation 25,000,000 0.001 No issuance of RCPS has occurred as of December 31, 2023. In the scenario of issuance of RCPS, the changes will be as follows: December 31, 2023 December 31, 2022 RCPS issuance scenario 30% 50% 100% 30% 50% 100% SELECTED CONDENSED COMBINED BALANCE SHEET DATA: Cash and cash equivalents $ 11,265,959 16,265,959 28,765,959 11,291,378 16,291,378 28,791,378 Total assets $ 28,578,344 33,578,344 46,078,344 71,325,261 76,325,261 88,825,261 Total liabilities $ 2,755,862 2,755,862 2,755,862 4,943,467 4,943,467 4,943,467 Total stockholders’ equity $ 25,822,482 30,822,482 43,322,482 66,381,794 71,381,794 83,881,794

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS Following the financial year end, the 100,000,000 10,000,000 shares, as adjusted for the 1-for-10 reverse split 198,742,643 19,874,265 shares, as adjusted for the 1-for-10 reverse split

COMPARATIVES

COMPARATIVES	12 Months Ended
	Dec. 31, 2023
Comparatives
COMPARATIVES	14. COMPARATIVES These comparative figures have been restated: (i) Due to recognition of exclusion of results of operation of the Company up to acquisition date. (ii) Due to adjustment of recognition of reverse merger recapitalisation. (iii) Due to recognition of weighted average shares arising from reverse merger and shares issued. Adjustments for Financial Year 2022 2022 Previously Stated Recognition As Restated Note 14 (i)(ii) Consolidated Balance Sheets Stockholders’ Equity Additional paid-in capital 111,770,998 (4,488,604) 107,282,394 Accumulated surplus/(deficit) 1,342,788 4,488,604 5,831,392 2022 Consolidated Statements of Income or Loss and Comprehensive Income or Loss Revenue 3,084,279 (601,343) 2,482,936 Cost of Revenue (430,281) 15,232 (415,049) Selling expense (9,790) (1,937) (11,727) General and administrative expenses (1,863,982) 701,096 (1,162,886) Total other income / (expense), net 5,143,801 37,517 5,181,318 Net income for the period 5,918,970 150,565 6,069,535 2022 Consolidated Statements of Stockholders’ Equity Net Income - Accumulated Gain/(Deficit) 5,918,970 150,565 6,069,535 Acquisition of subsidiaries - Additional Paid-in Capital 113,389,440 (150,565) 113,238,875 Reverse merger recapitalization - Additional Paid-in Capital (5,022,637) (4,338,039) (9,360,676) - Accumulated Gain/(Deficit) 5,022,637 4,338,039 9,360,676 2022 Consolidated Statements of Cash Flow Net income / (loss) 5,918,970 150,565 6,069,535 Net (used in) / cash generated by operating activities (320,584) 150,565 (170,019) Acquisition of subsidiaries, net cash acquired 3,791,378 (150,565) 3,640,813 Net (used in) / cash generated by investing activities 3,715,989 (150,565) 3,565,424 Adjustments for Disaggregation of Revenue for Financial Year 2022 United Kingdom Malaysia Total 2022 2022 2022 Previously Stated Previously Stated Recognition As Restated Previously Stated Recognition As Restated Note 14 (i) Note 14 (i) Transaction fees 2,476,385 547,600 (544,988) 2,612 3,023,985 (544,988) 2,478,997 Other — 60,294 (56,355) 3,939 60,294 (56,355) 3,939 Total revenue 2,476,385 607,894 (601,343) 6,551 3,084,279 (601,343) 2,482,936 Adjustments for Weighted Average Shares and Net Income / (Loss) Per Share Previously Stated Recognition As Restated Note 14 (iii) 2023 Consolidated Statements of Income or Loss and Comprehensive Income or Loss Weighted average number of common shares outstanding - basic and diluted 298,742,643 (87,123,287) 211,619,356 Net income / (loss) per share - basic and diluted (0.14) (0.05) (0.19) 2022 Consolidated Statements of Income or Loss and Comprehensive Income or Loss Weighted average number of common shares outstanding - basic and diluted 198,742,643 (174,401,826) 24,340,817 Net income / (loss) per share - basic and diluted 0.03 0.22 0.25

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying 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”). 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.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. On consolidation, all intercompany balances and transactions are eliminated.
Use of estimates	Use of estimates The preparation of consolidated financial statements in conformity with US GAAP 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 year. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. Significant areas of estimate include useful lives of property and equipment, impairment of long-term assets and deferred income tax obligations. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Foreign currency translation and transactions	Foreign currency translation and transactions The functional currency of the Company is United States Dollar (US Dollars). The Company translates the financial statements of its foreign subsidiary from the local (functional) currency into US Dollars using the year or reporting period end or average exchange rates in accordance with the requirements of Accounting Standards Codification subtopic 830-10, Foreign Currency Matters (“ASC 830-10”). Assets and liabilities of these subsidiaries were translated at exchange rates as of the balance sheet date. Revenues and expenses are translated at average rates in effect for the periods presented. Translation gains and losses are recorded in accumulated other comprehensive income or loss as a component of shareholders’ equity.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments, which are unrestricted from withdrawal or use, and which have original maturities of three months or less when purchased.
Accounts receivable	Accounts receivable Accounts receivable are recognized and carried at original invoiced amount less an allowance for any potential uncollectible amounts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. The Company generally does not require collateral from its customers. For the year ended December 31, 2023 and 2022, the Company wrote down $ 39,310 nil
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 December 31, 2023 and 2022, none of the Company’s assets and liabilities was required to be reported at fair value on a recurring basis. Carrying values of non-derivative financial instruments, including cash, accounts receivables, payables and accrued liabilities, approximate their fair values due to the short-term nature of these financial instruments. There were no changes in methods or assumptions during the periods presented.
Inventories	Inventories Inventories consist of finished goods and prepaid cards. Inventories are stated at lower of cost or net realizable value, with cost determined on a weighted-average method, and not to exceed net realizable value. The Company writes down its inventory balances for obsolete amounts estimated on an individual basis for the finished goods. For the year ended December 31, 2023 and 2022, the Company wrote down $ nil nil
Goodwill	Goodwill Goodwill is not amortized but is subject to annual impairment tests. Goodwill has been assigned to reporting units. Potential impairment of a reporting unit is identified by either comparing a reporting unit’s estimated fair value to its carrying amount or doing a qualitative assessment of a reporting unit’s fair value from the last quantitative assessment to determine if there is potential impairment. We may do a qualitative assessment when the results of the previous quantitative test indicated the reporting unit’s estimated fair value was significantly in excess of the carrying value of its net assets and we do not believe there have been significant changes in the reporting unit’s operations that would significantly decrease its estimated fair value. If a quantitative assessment is performed, the fair value of the reporting unit and the fair value of goodwill are determined based upon a discounted cash flow analysis and/or use of a market approach by looking at market values of comparable companies. Significant assumptions are incorporated into our discounted cash flow analyses such as forecasted net sales, revenue growth rates, forecasted operating expenses and risk-adjusted discount rates. We perform this test in the fourth quarter of the year or whenever events or changes in circumstances indicate that the fair value of the reporting unit is more likely than not below its carrying amount. If the fair value of the reporting unit is less than its carrying value, an impairment loss is recorded in the amount that the carrying value of the reporting unit exceeds the fair value. See Note 5 for more information regarding goodwill.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company periodically reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the estimated fair value of the asset.
Intangible assets	Intangible assets Intangible assets primarily include trademarks and trade secrets with indefinite lives and customer-relationships with finite lives. Intangible assets with indefinite lives are not amortized but are tested for impairment on an annual basis, or more frequently if indicators of impairment are present. Indefinite lived intangible assets are assessed using either a qualitative or a quantitative approach. The qualitative assessment evaluates factors including macro-economic conditions, industry and company-specific factors, legal and regulatory environments, and historical company performance in assessing fair value. If it is determined that it is more likely than not that the fair value of the intangible asset is less than its carrying value, a quantitative test is then performed. Otherwise, no further testing is required. When using a quantitative approach, the Company compares the fair value of the intangible asset to its carrying amount, including goodwill. If the estimated fair value of the intangible asset is less than the carrying amount of the intangible asset, impairment is indicated, requiring recognition of an impairment charge for the differential. Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. The Company reviews for impairment indicators of finite-lived intangibles and other long-lived assets as described in the “Impairment of Long-Lived Assets” significant accounting policy.
Property and equipment, net	Property and equipment, net Property and equipment are carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives: Schedule of property, plant and equipment estimated useful lives Office equipment 5 years Computer equipment 5 years Furniture and fixtures 5 years Electrical & fitting 5 years Software and website 5 years The residual values, useful lives and methods of depreciation of property and equipment are reviewed and adjusted if appropriate, on an annual basis.
Leases	Leases The Company assesses, at the inception of contract, whether it contains a lease. A contract is classified as a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company recognizes a right-of-use asset and lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises of the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any indirect costs incurred. The right-to-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-to-use asset or the end of the lease term. In addition, the right-of-use asset is periodically reduced by impairment losses and adjusted for certain remeasurements of the lease liability, if any. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be determined, the Company’s incremental borrowing rate. The lease liability is subsequently increased by the interest cost on the lease liability and decreased by lease payments made. It is remeasured when there is a change in future lease payment arising from a change in an index or rate, or changes in assessment of whether a purchase or extension option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised.
Revenue recognition	Revenue recognition The primary source of our revenue is the transaction fees from financial payment and settlement services. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is generated through delivery services. Revenue is recognized when a customer receives services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those services. The Company applies the following five-step model in order to determine this amount: (i) identification of the services in the contract; (ii) determination of whether the services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, the Company’s performance obligations are transferred to customers as services are performed over the remaining contractual terms.
Research and Development Costs	Research and Development Costs Research and development (“R&D”) costs are charged to expense in the periods incurred. There were no
Commission expense	Commission expense Commission expense incurred by the Company is recognized as cost of revenue and as a liability (commission payable in the consolidated balance sheet. Commission expense is not recoverable once recognized and is expensed as incurred.
Income Taxes	Income Taxes Income taxes are determined using the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes that date of enactment. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized.
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. As of December 31, 2023 and 2022, the Company recognized income tax of expense of $ 165,485 5,057
Comprehensive income / loss	Comprehensive income / loss Comprehensive income / loss includes net gain/loss and cumulative foreign currency translation adjustments and is reported in the Consolidated Statement of Comprehensive Income or Loss.
Income / Loss per share	Income / Loss per share The income / loss per share is computed using the weighted average number of shares outstanding during the fiscal years. For the years ended December 31, 2023 and 2022, there was no dilutive effect due to net gain / loss.
Related party transactions	Related party transactions The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include (a) affiliates of the registrant; (b) 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; (c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; (d) principal owners of the Company; (e) management of the Company; (f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and (g) Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The financial statements include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of financial statements is not required in those statements. The disclosures shall include: (a) the nature of the relationship(s) involved; (b) description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; (c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and (d) amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.
Recently issued accounting pronouncements	Recently issued accounting pronouncements Accounting standards promulgated by the FASB are subject to change. Changes in such standards may have an impact on the Company’s future financial statements. The following are a summary of recent accounting developments. In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) to simplify accounting for certain financial instruments. ASU 2020-06 eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The new standard also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. ASU 2020-06 amends the diluted earnings per share guidance, including the requirement to use the if-converted method for all convertible instruments. ASU 2020-06 is effective January 1, 2024 for the Company and should be applied on a full or modified retrospective basis, with early adoption permitted beginning January 1, 2021. The Company has determined not to early adopt ASU 2020-06. The implementation of this accounting treatment is not expected to have a material effect on the Company’s financial statements. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the Securities and Exchange Commission (“SEC”) did not, or are not believed by management, to have a material impact on the Company’s present and future consolidated financial statements.
Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

ORGANIZATION AND BUSINESS (Tabl

ORGANIZATION AND BUSINESS (Tables)	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company holds the following equity interests in its subsidiaries:	The Company holds the following equity interests in its subsidiaries: Interest No. Name of subsidiary Country of incorporation 2023 % 2022 % Principal activities 1 FintechCashier Asia P.L.C., previously known as HWGG Capital P.L.C. (“FintechAsia”) Malaysia 100 100 Money broking 2 HWG Cash Singapore Pte Ltd (“HCS”) Singapore 55 55 Trading of digital assets 3 HWGC KZ Limited (“HKZ”) Kazakhstan 100 100 Software development 4 Fintech Scion Limited (“Fintech”) United Kingdom 100 100 Holding company and protection of Intellectual Property 5 Fintech Digital Solutions Limited (“FDS”) United Kingdom 100 100 Digital payment services 6 Fintech Digital Consulting Limited (“FDC”) United Kingdom 100 100 Technology provider and payment consulting 7 Aelora Sdn Bhd, previously known as Vitaxel Sdn Bhd (“ASB”) Malaysia — 100 (1) Direct selling industry 8 Vitaxel Online Mall Sdn Bhd (“VOM”) Malaysia — 100 (1) Online shopping platforms (1) ASB and VOM were disposed by the Company on December 30, 2022.
The disposal had the following financial effects on the Company for the year ended December 31, 2022:	Upon completion of the disposal, ASB and VOM ceased to be the subsidiary of the Company as at December 31, 2022. The disposal had the following financial effects on the Company for the year ended December 31, 2022: For the year ended December 31, 2022 ASB VOM Total Property, plant and equipment, net. $ 11,824 $ 229 $ 12,053 Rights-of-use assets 13,854 — 13,854 Cash and cash equivalents 75,389 — 75,389 Other receivables, prepayments and other current assets 10,793 2,156 12,949 Other payables (4,365,372 ) (25,528 ) (4,390,900 ) Lease liabilities (79,525 ) — (79,525 ) Net liabilities disposed $ (4,333,037 ) $ (23,143 ) (4,356,180 ) Consideration received, satisfied in assignment of intercompany debt (1,124,997 ) (1 ) (1,124,998 ) Net gain on disposal of subsidiaries $ (5,458,034 ) $ (23,144 ) $ (5,481,178 )

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of property, plant and equipment estimated useful lives	Property and equipment are carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives: Schedule of property, plant and equipment estimated useful lives Office equipment 5 years Computer equipment 5 years Furniture and fixtures 5 years Electrical & fitting 5 years Software and website 5 years

OTHER RECEIVABLES, PREPAYMENT_2

OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
Other Receivables Prepayments And Other Current Assets
Schedule of other receivables and other assets	Other receivables, prepayments and other current assets consist of the following: Schedule of other receivables and other assets As of As of Other receivables (1) $ 294,780 $ 949,430 Deposits (2) $ 110,161 $ 87,805 Prepayments (3) $ 4,510 $ 12,057 Common stock not paid (4) $ 100,000 $ — Total $ 509,451 $ 1,049,292 (1) Other receivables primarily represent balances in liquidity solution providers. (2) Deposits represented payments for rental, utilities, and deposit payment to product suppliers. (3) Prepayments mainly consists of prepayment for insurance and IT related fees. (4) Common stock not paid consists of the shares issued to CICO as disclosed in Note 1: Organization And Business.

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
The table below set forth the carrying amount of goodwill for the year ended December 31, 2023 and 2022:	The table below set forth the carrying amount of goodwill for the year ended December 31, 2023 and 2022: As of As of Gross carrying amount $ — $ — Acquired in business combination (1) 55,794,524 55,794,524 Total 55,794,524 55,794,524 Accumulated impairment $ — $ — Impairment (2) (39,136,871 ) — — — Goodwill, net $ 16,657,653 $ 55,794,524 (1) Goodwill acquired during the year ended December 31, 2022 resulted from the acquisition of Fintech as disclosed in Note 1: Organization and business.
Schedule of fair value adjustment	Schedule of fair value adjustment As of Property, plant and equipment, net. $ 21,807 Intangible asset 59,803 Current assets $ 7,239,547 Current liabilities (4,870,094 ) Net assets acquired $ 2,451,063

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property and equipment, net consist of the following:	Property and equipment, net consist of the following: As of As of Office equipment $ 8,628 $ 7,067 Computer equipment 49,600 31,959 Furniture and fittings 4,824 4,501 Software and website 10,173 17,202 73,225 60,729 Less: Accumulated depreciation (34,625 ) (21,867 ) Balance at end of year $ 38,600 $ 38,862

ACCRUALS AND OTHER PAYABLES (Ta

ACCRUALS AND OTHER PAYABLES (Tables)	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
Accruals and other payables consist of the following:	Accruals and other payables consist of the following: As of As of Provisions and accruals (1) $ 319,939 $ 163,217 Others (2) 1,633,221 1,698,762 Balance at end of year $ 1,953,160 $ 1,861,979 (1) Provisions and accruals consists mainly of audit and accountancy fees and includes $52,000 of share options issued to directors during the year. (2) Other payables mainly consists of client funds.

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income taxes includes the following components:	Income taxes includes the following components: For the year ended December 31, December 31, United States $ 55,692 $ — Foreign 109,793 5,057 Income tax recovery $ 165,485 $ 5,057

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue Recognition and Deferred Revenue [Abstract]
The disaggregation of revenue of the Company by geographical region is as follows	The disaggregation of revenue of the Company by geographical region is as follows United Kingdom Malaysia Total 2023 2022 2023 2022 2023 2022 As Restated As Restated Transaction fees 1,983,139 2,476,385 287,734 2,612 2,270,873 2,478,997 Other — — 149,311 3,939 149,311 3,939 Total revenue 1,983,139 2,476,385 437,045 6,551 2,420,184 2,482,936

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of related party transaction	Schedule of related party transaction As of As of Amount due from related parties Ho Wah Genting Group Sdn Bhd (2) $ — $ 799,094 HWG Fintech International Ltd (2) — 497,841 Total Amount due from related parties $ — $ 1,296,935 Amount due to related parties Grande Legacy Inc. (1) $ — $ 266,610 HWG Capital Inc. (3) — 329,565 HWG Digital Investment Bank (Malaysia) P.L.C. (2) — 1,596,825 Aelora Sdn Bhd (1) — 23,933 Ho Wah Genting Group Sdn Bhd (2) 25,748 — Shalom Dodoun (4) 727,624 246,900 Natalie Kastberg (5) 1,668 — Total Amount due to related parties $ 755,040 $ 2,463,833 The related party balances are unsecured, interest-free and repayable on demand. (1) During the year ended December 31, 2022, Aelora Sdn Bhd (“ASB” and previously known as “Vitaxel Sdn Bhd”) and Vitaxel Online Mall Sdn Bhd (“VOM”), which are dormant, have been disposed as part of the restructuring transactions as disclosed in Note 1: Organization and Business. Both ASB and VOM are disposed to Mr Leong Yee Ming, a previous director and CEO of the Company, which also includes certain intercompany debt assignment. Upon completion of the disposal, related party balances that are outstanding relating to advances made by Grande Legacy Inc. (“GL”) and ASB are $ nil nil (2) Dato’ Lim Hui Boon, the previous president of the Company, is the director of Ho Wah Genting Group Sdn Bhd (“HWGGSB”). Dato’ Lim Hui Boon, is directly related to Mr Lim Chun Hoo, the previous CFO and the current CEO and director of the Company. Mr Lim Chun Hoo, the previous CFO and the current CEO and director of the Company, is a director in HWG Fintech International Ltd (“HWGFI”) and a previous director of HWGGSB and HWG Digital Investment Bank (Malaysia) P.L.C. (“HDIB”). HDIB is previously known as Ho Wah Genting Investment Bank (Labuan) P.L.C. The amount due from HWGGSB and HWGFI as at December 31, 2023 and December 31, 2022, were advances made by the Company to HWGGSB and HWGFI. Whilst amount due to HDIB were advances made by HDIB to the Company. (3) Mr Leong Yee Ming, a previous director and CEO of the Company, is a director of HWG Capital Inc. (previously known as “GrandeLife Inc.”). (4) Mr Shalom Dodoun (“Mr Shalom”) was the previous director and CEO of the Company. The amount due to Mr Shalom as at December 31, 2023, were advances made by Mr Shalom to the Company. Mr Shalom agreed to grant the Company an unsecured Sterling term loan facility and the Company shall pay interest on the Loan at the rate of 6 (5) Ms Natalie Kastberg (“Ms Kastberg”), is a current director of Fintech. The amount due to Ms Kastberg as at December 31, 2023, were advances made by Ms Kastberg to the Company.
Schedule of officers	Schedule of officers December 31, December 31, Directors & Officers Shalom Dodoun – Previous Director, Chief Executive Officer of the Company $ 287,138 $ 142,005 Richard Berman – Non-executive Director of the Company (7) $ 100,000 $ — (7) Mr. Richard Berman (“Mr. Berman”), is a current non-executive director of the Company.

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
In the scenario of issuance of RCPS, the changes will be as follows:	No issuance of RCPS has occurred as of December 31, 2023. In the scenario of issuance of RCPS, the changes will be as follows: December 31, 2023 December 31, 2022 RCPS issuance scenario 30% 50% 100% 30% 50% 100% SELECTED CONDENSED COMBINED BALANCE SHEET DATA: Cash and cash equivalents $ 11,265,959 16,265,959 28,765,959 11,291,378 16,291,378 28,791,378 Total assets $ 28,578,344 33,578,344 46,078,344 71,325,261 76,325,261 88,825,261 Total liabilities $ 2,755,862 2,755,862 2,755,862 4,943,467 4,943,467 4,943,467 Total stockholders’ equity $ 25,822,482 30,822,482 43,322,482 66,381,794 71,381,794 83,881,794

COMPARATIVES (Tables)

COMPARATIVES (Tables)	12 Months Ended
	Dec. 31, 2023
Comparatives
Adjustments for Financial Year 2022	Adjustments for Financial Year 2022 2022 Previously Stated Recognition As Restated Note 14 (i)(ii) Consolidated Balance Sheets Stockholders’ Equity Additional paid-in capital 111,770,998 (4,488,604) 107,282,394 Accumulated surplus/(deficit) 1,342,788 4,488,604 5,831,392 2022 Consolidated Statements of Income or Loss and Comprehensive Income or Loss Revenue 3,084,279 (601,343) 2,482,936 Cost of Revenue (430,281) 15,232 (415,049) Selling expense (9,790) (1,937) (11,727) General and administrative expenses (1,863,982) 701,096 (1,162,886) Total other income / (expense), net 5,143,801 37,517 5,181,318 Net income for the period 5,918,970 150,565 6,069,535 2022 Consolidated Statements of Stockholders’ Equity Net Income - Accumulated Gain/(Deficit) 5,918,970 150,565 6,069,535 Acquisition of subsidiaries - Additional Paid-in Capital 113,389,440 (150,565) 113,238,875 Reverse merger recapitalization - Additional Paid-in Capital (5,022,637) (4,338,039) (9,360,676) - Accumulated Gain/(Deficit) 5,022,637 4,338,039 9,360,676 2022 Consolidated Statements of Cash Flow Net income / (loss) 5,918,970 150,565 6,069,535 Net (used in) / cash generated by operating activities (320,584) 150,565 (170,019) Acquisition of subsidiaries, net cash acquired 3,791,378 (150,565) 3,640,813 Net (used in) / cash generated by investing activities 3,715,989 (150,565) 3,565,424
Adjustments for Disaggregation of Revenue for Financial Year 2022	Adjustments for Disaggregation of Revenue for Financial Year 2022 United Kingdom Malaysia Total 2022 2022 2022 Previously Stated Previously Stated Recognition As Restated Previously Stated Recognition As Restated Note 14 (i) Note 14 (i) Transaction fees 2,476,385 547,600 (544,988) 2,612 3,023,985 (544,988) 2,478,997 Other — 60,294 (56,355) 3,939 60,294 (56,355) 3,939 Total revenue 2,476,385 607,894 (601,343) 6,551 3,084,279 (601,343) 2,482,936
Adjustments for Weighted Average Shares and Net Income / (Loss) Per Share	Adjustments for Weighted Average Shares and Net Income / (Loss) Per Share Previously Stated Recognition As Restated Note 14 (iii) 2023 Consolidated Statements of Income or Loss and Comprehensive Income or Loss Weighted average number of common shares outstanding - basic and diluted 298,742,643 (87,123,287) 211,619,356 Net income / (loss) per share - basic and diluted (0.14) (0.05) (0.19) 2022 Consolidated Statements of Income or Loss and Comprehensive Income or Loss Weighted average number of common shares outstanding - basic and diluted 198,742,643 (174,401,826) 24,340,817 Net income / (loss) per share - basic and diluted 0.03 0.22 0.25

The Company holds the following

The Company holds the following equity interests in its subsidiaries: (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
H W G G Capital P L C [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Country of incorporation	Malaysia
H W G G Capital P L C [Member] | Other Investees One [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Principal activities	Money broking
H W G G Capital P L C [Member] | Ownership One [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interests rate	100%	100%
HWG Cash Singapore Pte Ltd [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Country of incorporation	Singapore
HWG Cash Singapore Pte Ltd [Member] | Other Investees Two [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Principal activities	Trading of digital assets
HWG Cash Singapore Pte Ltd [Member] | Ownership Two [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interests rate	55%	55%
HWGC KZ Limited [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Country of incorporation	Kazakhstan
HWGC KZ Limited [Member] | Other Investees Three [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Principal activities	Software development
HWGC KZ Limited [Member] | Ownership Three [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interests rate	100%	100%
Fintech Scion Limited [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Country of incorporation	United Kingdom
Fintech Scion Limited [Member] | Other Investees Four [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Principal activities	Holding company and protection of Intellectual Property
Fintech Digital Solutions Limited [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Country of incorporation	United Kingdom
Fintech Digital Solutions Limited [Member] | Other Investees Five [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Principal activities	Digital payment services
Fintech Digital Solutions Limited [Member] | Ownership Five [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interests rate	100%	100%
Fintech Digital Consulting Limited [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Country of incorporation	United Kingdom
Fintech Digital Consulting Limited [Member] | Other Investees Six [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Principal activities	Technology provider and payment consulting
Fintech Digital Consulting Limited [Member] | Ownership Six [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interests rate	100%	100%
Aelora Sdn Bhd Previously Known As Vitaxel Sdn Bhdasb [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Country of incorporation	Malaysia
Aelora Sdn Bhd Previously Known As Vitaxel Sdn Bhdasb [Member] | Other Investees Seven [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Principal activities	Direct selling industry
Aelora Sdn Bhd Previously Known As Vitaxel Sdn Bhdasb [Member] | Ownership Seven [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interests rate		100%	[1]
Vitaxel Online Mall Sdn Bhd [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Country of incorporation	Malaysia
Vitaxel Online Mall Sdn Bhd [Member] | Other Investees Eight [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Principal activities	Online shopping platforms
Vitaxel Online Mall Sdn Bhd [Member] | Ownership Eight [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interests rate		100%	[1]
[1]ASB and VOM were disposed by the Company on December 30, 2022.

The disposal had the following

The disposal had the following financial effects on the Company for the year ended December 31, 2022: (Details)	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Property, plant and equipment, net.	$ 12,053
Rights-of-use assets	13,854
Cash and cash equivalents	75,389
Other receivables, prepayments and other current assets	12,949
Other payables	(4,390,900)
Lease liabilities	(79,525)
Net liabilities disposed	(4,356,180)
Consideration received, satisfied in assignment of intercompany debt	(1,124,998)
Net gain on disposal of subsidiaries	(5,481,178)
A S B [Member]
Defined Benefit Plan Disclosure [Line Items]
Property, plant and equipment, net.	11,824
Rights-of-use assets	13,854
Cash and cash equivalents	75,389
Other receivables, prepayments and other current assets	10,793
Other payables	(4,365,372)
Lease liabilities	(79,525)
Net liabilities disposed	(4,333,037)
Consideration received, satisfied in assignment of intercompany debt	(1,124,997)
Net gain on disposal of subsidiaries	(5,458,034)
V O M [Member]
Defined Benefit Plan Disclosure [Line Items]
Property, plant and equipment, net.	229
Rights-of-use assets
Cash and cash equivalents
Other receivables, prepayments and other current assets	2,156
Other payables	(25,528)
Lease liabilities
Net liabilities disposed	(23,143)
Consideration received, satisfied in assignment of intercompany debt	(1)
Net gain on disposal of subsidiaries	$ (23,144)

ORGANIZATION AND BUSINESS (Deta

ORGANIZATION AND BUSINESS (Details Narrative) - USD ($)								12 Months Ended
	Nov. 15, 2023	Oct. 11, 2023	Dec. 29, 2022	Nov. 30, 2022	Nov. 15, 2022	Aug. 09, 2022	Jul. 21, 2022	Dec. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share exchange agreement								97,075,997
H W G G Capital [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares converted							91,666,667
Share exchange agreement					97,075,977
H W G G Capital [Member] | Exchange Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Description of acquisition							the Company is to acquire all issued and outstanding ordinary shares of FintechAsia in exchange for an aggregate of $55,000,000. The number of exchange shares were calculated based on $0.60 share price. The number of shares of common stock of the Company issued upon consummation of the share exchange agreement was 91,666,667 shares.
Shares exchange value							$ 55,000,000
Exchange value in per share							$ 0.60
Acquisition Of Fintech [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares converted						101,666,666
Share exchange agreement				198,742,643
Acquisition Of Fintech [Member] | Exchange Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Description of acquisition						the Company acquired all issued and outstanding ordinary shares of Fintech from the Fintech’s shareholders in exchange for an aggregate of $61,000,000. The number of exchange shares were calculated based on $0.60 share price. The number of shares of common stock of the Company issued upon consummation of this share exchange agreement was 101,666,666 shares.
Shares exchange value						$ 61,000,000
Exchange value in per share						$ 0.60
A S B And V O M [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Description of acquisition			Pursuant to the terms of the agreement, the Company sold to Mr Leong, all issued and outstanding shares of ASB and VOM, for an aggregate purchase price of RM4,500,002 (approximately $1,124,998).
CICO Digital Solutions Limited [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares converted	100,000,000	100,000,000
Shares par value		$ 0.001

Schedule of property, plant and

Schedule of property, plant and equipment estimated useful lives (Details)	Dec. 31, 2023
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Electrical And Fitting [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Software and Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Written off as bad debts	$ 39,310	$ 0
Inventories written down	0	0
Research and development costs	0	0
Recognized income tax of expense	$ 165,485	$ 5,057

ACCOUNTS RECEIVABLES (Details N

ACCOUNTS RECEIVABLES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Credit Loss [Abstract]
Accounts receivable derived from commissions receivables	$ 59,974
Bad debts	39,310
Accounts receivable	$ 59,974	$ 1,792,195
Commission receivable		597,986
Non interest bearing credit tokens		$ 1,194,208

Schedule of other receivables a

Schedule of other receivables and other assets (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Other Receivables Prepayments And Other Current Assets
Other receivables	[1]	$ 294,780	$ 949,430
Deposits	[2]	110,161	87,805
Prepayments	[3]	4,510	12,057
Common stock not paid	[4]	100,000
Total		$ 509,451	$ 1,049,292
[1]Other receivables primarily represent balances in liquidity solution providers.[2]Deposits represented payments for rental, utilities, and deposit payment to product suppliers.[3]Prepayments mainly consists of prepayment for insurance and IT related fees.[4]Common stock not paid consists of the shares issued to CICO as disclosed in Note 1: Organization And Business.

The table below set forth the c

The table below set forth the carrying amount of goodwill for the year ended December 31, 2023 and 2022: (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Gross carrying amount
Acquired in business combination	[1]	55,794,524	55,794,524
Total		55,794,524	55,794,524
Accumulated impairment
Impairment		(39,136,871)
Goodwill, net		$ 16,657,653	$ 55,794,524
[1]Goodwill acquired during the year ended December 31, 2022 resulted from the acquisition of Fintech as disclosed in Note 1: Organization and business.

Schedule of fair value adjustme

Schedule of fair value adjustment (Details)	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Property, plant and equipment, net.	$ 21,807
Intangible asset	59,803
Current assets	7,239,547
Current liabilities	(4,870,094)
Net assets acquired	$ 2,451,063

Goodwill (Details Narrative)

Goodwill (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisition of fair value	$ 58,245,587	$ 58,242,205
Acquisition of fair value, shares	97,075,997
Acquisition of fair value, per shares	$ 0.60
Goodwill impairment charge	$ 39,136,871
Discount rate	25.05%
Long-term growth rate	1.50%

Property and equipment, net con

Property and equipment, net consist of the following: (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 73,225	$ 60,729
Less: accumulated depreciation	(34,625)	(21,867)
Property and equipment, net	38,600	38,862
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	8,628	7,067
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	49,600	31,959
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,824	4,501
Software and Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 10,173	$ 17,202

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 12,758	$ 7,569

Accruals and other payables con

Accruals and other payables consist of the following: (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Provisions and accruals	[1]	$ 319,939	$ 163,217
Others	[2]	1,633,221	1,698,762
Balance at end of year		$ 1,953,160	$ 1,861,979
[1]Provisions and accruals consists mainly of audit and accountancy fees and includes $52,000 of share options issued to directors during the year.[2]Other payables mainly consists of client funds.

Income taxes includes the follo

Income taxes includes the following components: (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income tax recovery	$ 165,485	$ 5,057
UNITED STATES
Income tax recovery	55,692
Foreign [Member]
Income tax recovery	$ 109,793	$ 5,057

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income tax rate	21%	21%
Tax rate, percent	3%	3%
UNITED KINGDOM
Income tax rate	25%	19%
MALAYSIA
Income tax rate	24%	24%

The disaggregation of revenue o

The disaggregation of revenue of the Company by geographical region is as follows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Transaction fees	$ 2,270,873	$ 2,478,997
Other fees	149,311	3,939
Total revenue	2,420,184	2,482,936
UNITED KINGDOM
Transaction fees	1,983,139	2,476,385
Other fees
Total revenue	1,983,139	2,476,385
MALAYSIA
Transaction fees	287,734	2,612
Other fees	149,311	3,939
Total revenue	$ 437,045	$ 6,551

Schedule of related party trans

Schedule of related party transaction (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Amount of due from related parties			$ 1,296,935
Amount of due from related parties		$ 755,040	2,463,833
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Interest on loan		6%
Ho Wah Genting Group Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[1]		799,094
Amount of due from related parties	[1]	25,748
HWG Fintech International Ltd [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[1]		497,841
Grande Legacy Inc [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[2]		266,610
Hwg Capital Inc [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[3]		329,565
Hwg Digital Investment Bank Malaysia P L C [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[1]		1,596,825
Aelora Sdn Bhd [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[2]		23,933
Shalom Dodoun [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[4]		246,900
Natalie Kastberg [Member]
Related Party Transaction [Line Items]
Amount of due from related parties	[5]	$ 1,668
[1]Dato’ Lim Hui Boon, the previous president of the Company, is the director of Ho Wah Genting Group Sdn Bhd (“HWGGSB”). Dato’ Lim Hui Boon, is directly related to Mr Lim Chun Hoo, the previous CFO and the current CEO and director of the Company.[2]During the year ended December 31, 2022, Aelora Sdn Bhd (“ASB” and previously known as “Vitaxel Sdn Bhd”) and Vitaxel Online Mall Sdn Bhd (“VOM”), which are dormant, have been disposed as part of the restructuring transactions as disclosed in Note 1: Organization and Business.[3]Mr Leong Yee Ming, a previous director and CEO of the Company, is a director of HWG Capital Inc. (previously known as “GrandeLife Inc.”).[4]Mr Shalom Dodoun (“Mr Shalom”) was the previous director and CEO of the Company. The amount due to Mr Shalom as at December 31, 2023, were advances made by Mr Shalom to the Company. Mr Shalom agreed to grant the Company an unsecured Sterling term loan facility and the Company shall pay interest on the Loan at the rate of 6

Schedule of officers (Details)

Schedule of officers (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Shalom Dodoun Director Chief Executive Officer Of The Company [Member]
Related Party Transaction [Line Items]
Amount due from director		$ 287,138	$ 142,005
Richard Berman Non Executive Director Of The Company [Member]
Related Party Transaction [Line Items]
Amount due from director	[1]	$ 100,000
[1]Mr. Richard Berman (“Mr. Berman”), is a current non-executive director of the Company.

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Description of debt	interest-free and repayable on demand.
Officer [Member]
Related Party Transaction [Line Items]
Other compensation	$ 100,000
Grande Legacy Inc [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party	0
A S B [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Other commitments description	Upon the successful uplisting of the Company to Nasdaq, Mr. Richard Berman, the non-executive director of the Company, shall be rewarded with Company’s shares, up to a maximum of 1% of the Company’s market capitalization. The number of shares to be issued shall be calculated based on the market share price (as stated on Nasdaq) on the first closing date of the Company listed on Nasdaq.
Percentage of capital commitments	1%

In the scenario of issuance of

In the scenario of issuance of RCPS, the changes will be as follows: (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Cash and cash equivalents	$ 3,765,959	$ 3,791,378
Total assets	21,078,344	63,825,261
Total liabilities	2,755,862	4,943,467
Total stockholders, equity	18,320,065	58,878,464
Scenario Plan 30 Percent [Member]
Cash and cash equivalents	11,265,959	11,291,378
Total assets	28,578,344	71,325,261
Total liabilities	2,755,862	4,943,467
Total stockholders, equity	25,822,482	66,381,794
Scenario Plan 50 Percent [Member]
Cash and cash equivalents	16,265,959	16,291,378
Total assets	33,578,344	76,325,261
Total liabilities	2,755,862	4,943,467
Total stockholders, equity	30,822,482	71,381,794
Scenario Plan 100 Percent [Member]
Cash and cash equivalents	28,765,959	28,791,378
Total assets	46,078,344	88,825,261
Total liabilities	2,755,862	4,943,467
Total stockholders, equity	$ 43,322,482	$ 83,881,794

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - $ / shares	Dec. 27, 2023	Nov. 15, 2023	Oct. 11, 2023	Dec. 31, 2023	Dec. 31, 2022	Nov. 30, 2022	Nov. 15, 2022	Jul. 21, 2022	Apr. 11, 2022	Apr. 08, 2022	Mar. 10, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Common stock, par value (in dollars per share)				$ 0.001	$ 0.001				$ 0.001			$ 0.0001
Common stock, authorized				400,000,000	400,000,000				400,000,000			70,000,000
Common stock, outstanding				298,742,643	198,742,643					54,087,903		54,087,903
Common Stock, Shares, Issued				298,742,643	198,742,643	101,666,666	91,666,667	193,333,333	5,409,310
Preferred stock, authorized				25,000,000	25,000,000
Preferred stock, par value (in dollars per share)				$ 0.001	$ 0.001
Redeemable Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, authorized											25,000,000
Preferred stock, par value (in dollars per share)											$ 0.001
CICO Digital Solutions Limited [Member]
Class of Stock [Line Items]
Number of shares converted		100,000,000	100,000,000
Number of common shares increased		298,742,643
Number of common shares decrease	198,742,643
Maximum [Member]
Class of Stock [Line Items]
Shares split									48,678,593
Minimum [Member]
Class of Stock [Line Items]
Shares split									5,409,310

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - CICO Digital Solutions Limited [Member] - shares	Jan. 30, 2024	Dec. 27, 2023	Nov. 15, 2023	Oct. 11, 2023
Subsequent Event [Line Items]
Number of shares converted			100,000,000	100,000,000
Description of reverse stock split			10,000,000 shares, as adjusted for the 1-for-10 reverse split
Number of common shares decrease		198,742,643
Subsequent Event [Member]
Subsequent Event [Line Items]
Description of reverse stock split	19,874,265 shares, as adjusted for the 1-for-10 reverse split
Number of common shares decrease	198,742,643

Adjustments for Financial Year

Adjustments for Financial Year 2022 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Additional paid-in capital		$ 107,282,394
Accumulated Gain/(Deficit)	$ (34,830,411)	5,831,392
Revenue	2,420,184	2,482,936
Cost of Revenue	(688,630)	(415,049)
Cost of Revenue	688,630	415,049
Selling expense		(11,727)
General and administrative expenses	(3,415,786)	(1,162,886)
General and administrative expenses	3,415,786	1,162,886
Total other income / (expense), net	323,872	5,181,318
Net income for the period	(40,661,803)	6,069,535
Additional paid-in capital		(107,282,394)
Net income / (loss)	(40,662,716)	6,069,535
Net (used in) / cash generated by operating activities	295,531	(170,019)
Acquisition of subsidiaries, net cash acquired		3,640,813
Net (used in) / cash generated by investing activities	$ (12,496)	3,565,424
Net Income [Member]
Accumulated Gain/(Deficit)		6,069,535
Subsidiaries [Member]
Additional paid-in capital		113,238,875
Additional paid-in capital		(113,238,875)
Reverse Mrger Recapitalization [Member]
Additional paid-in capital		(9,360,676)
Accumulated Gain/(Deficit)		9,360,676
Additional paid-in capital		9,360,676
As Restated Two [Member]
Accumulated Gain/(Deficit)		5,831,392
As Restated [Member]
Revenue		2,482,936
Previously Reported [Member]
Additional paid-in capital		111,770,998
Accumulated Gain/(Deficit)		1,342,788
Revenue		3,084,279
Cost of Revenue		(430,281)
Cost of Revenue		430,281
Selling expense		(9,790)
General and administrative expenses		(1,863,982)
General and administrative expenses		1,863,982
Total other income / (expense), net		5,143,801
Net income for the period		5,918,970
Additional paid-in capital		(111,770,998)
Net income / (loss)		5,918,970
Net (used in) / cash generated by operating activities		(320,584)
Acquisition of subsidiaries, net cash acquired		3,791,378
Net (used in) / cash generated by investing activities		3,715,989
Previously Reported [Member] | Net Income [Member]
Accumulated Gain/(Deficit)		5,918,970
Previously Reported [Member] | Subsidiaries [Member]
Additional paid-in capital		113,389,440
Additional paid-in capital		(113,389,440)
Previously Reported [Member] | Reverse Mrger Recapitalization [Member]
Additional paid-in capital		5,022,637
Accumulated Gain/(Deficit)		5,022,637
Additional paid-in capital		(5,022,637)
Revision of Prior Period, Adjustment [Member]
Additional paid-in capital		(4,488,604)
Accumulated Gain/(Deficit)		4,488,604
Revenue		(601,343)
Cost of Revenue		(15,232)
Cost of Revenue		15,232
Selling expense		(1,937)
General and administrative expenses		(701,096)
General and administrative expenses		701,096
Total other income / (expense), net		37,517
Net income for the period		150,565
Additional paid-in capital		4,488,604
Net income / (loss)		150,565
Net (used in) / cash generated by operating activities		150,565
Acquisition of subsidiaries, net cash acquired		(150,565)
Net (used in) / cash generated by investing activities		(150,565)
Revision of Prior Period, Adjustment [Member] | Net Income [Member]
Accumulated Gain/(Deficit)		150,565
Revision of Prior Period, Adjustment [Member] | Subsidiaries [Member]
Additional paid-in capital		(150,565)
Additional paid-in capital		150,565
Revision of Prior Period, Adjustment [Member] | Reverse Mrger Recapitalization [Member]
Additional paid-in capital		(4,338,039)
Accumulated Gain/(Deficit)		4,338,039
Additional paid-in capital		$ 4,338,039

Adjustments for Disaggregation

Adjustments for Disaggregation of Revenue for Financial Year 2022 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Transaction fees	$ 2,270,873	$ 2,478,997
Other fees	149,311	3,939
Total revenue	2,420,184	2,482,936
UNITED KINGDOM
Transaction fees	1,983,139	2,476,385
Other fees
Total revenue	1,983,139	2,476,385
MALAYSIA
Transaction fees	287,734	2,612
Other fees	149,311	3,939
Total revenue	$ 437,045	6,551
Previously Reported [Member]
Transaction fees		3,023,985
Other fees		60,294
Total revenue		3,084,279
Previously Reported [Member] | UNITED KINGDOM
Transaction fees		2,476,385
Other fees
Total revenue		2,476,385
Previously Reported [Member] | MALAYSIA
Transaction fees		547,600
Other fees		60,294
Total revenue		607,894
Revision of Prior Period, Adjustment [Member]
Transaction fees		(544,988)
Other fees		(56,355)
Total revenue		(601,343)
Revision of Prior Period, Adjustment [Member] | MALAYSIA
Transaction fees		(544,988)
Other fees		(56,355)
Total revenue		$ (601,343)

Adjustments for Weighted Averag

Adjustments for Weighted Average Shares and Net Income / (Loss) Per Share (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Weighted Average Number of Basic and Diluted Shares Outstanding	211,619,356	24,340,817
Earnings Per Share Basic and Diluted	$ (0.19)	$ 0.25
Previously Reported [Member]
Weighted Average Number of Basic and Diluted Shares Outstanding	298,742,643	198,742,643
Earnings Per Share Basic and Diluted	$ (0.14)	$ 0.03
Revision of Prior Period, Adjustment [Member]
Weighted Average Number of Basic and Diluted Shares Outstanding	(87,123,287)	(174,401,826)
Earnings Per Share Basic and Diluted	$ (0.05)	$ 0.22