QMIS TBS Capital (QMIX) 10-Q 15 Mar 24 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Mar. 15, 2024
Details
Registrant CIK	0001796160
Fiscal Year End	--12-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	333-238872
Entity Registrant Name	QMIS TBS CAPITAL GROUP CORP.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	32-0619708
Entity Address, Address Line One	55-6, The Boulevard Office
Entity Address, Address Line Two	Lingkaran Syed Putra
Entity Address, City or Town	Mid Valley City
Entity Address, Postal Zip Code	59200
Entity Address, Country	MY
Entity Address, Address Description	(Address of Principal Executive Offices)
Phone Fax Number Description	Registrant’s telephone number, including area code
City Area Code	3
Local Phone Number	2282 6066
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		301,058,600
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 197,813	$ 187,437
Accounts receivable, net (Note 4)	3,782	2,054
Prepaid expenses	320	0
Contract security deposit	8,017	8,506
Total Current Assets	209,932	197,997
Property, plant and equipment, net (Note 5)	2,911	4,557
Operating lease right of use asset, net (Note 10)	442	12,801
Total Assets	213,285	215,355
Current Liabilities
Accounts payable (Note 6)	38,349	33,566
Accrued expenses (Note 7)	301,255	181,253
Deferred revenue-related parties (Note 9 (1))	0	1,500
Taxes payable (Note 8)	944,293	1,017,176
Operating lease liabilities - current (Note 10)	940	14,796
Due to related parties (Note 9 (5))	535,185	675,374
Total Current Liabilities	1,820,022	1,923,665
Operating lease liabilities - noncurrent (Note 10)	0	357
Total Liabilities	1,820,022	1,924,022
Commitments and Contingencies (Note 15)	0	0
Shareholders' Equity
Preferred stock, par value $0.0001, 10,000,000 shares authorized; 0 share issued and outstanding as of September 30, 2023 and December 31, 2022	0	0
Common stock, par value $0.0001, 750,000,000 shares authorized; 301,015,600 and 301,000,100 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively *	30,102	30,100
Additional paid-in capital	1,386,098	1,251,350
Retained Earnings (Accumulated deficit)	(3,053,721)	(3,013,236)
Accumulated other comprehensive income	34,726	30,104
Total QMIS TBS Capital Group Corp. shareholders' equity	(1,602,795)	(1,701,682)
Non-controlling interest	(3,942)	(6,985)
Total Shareholders' Equity (Deficit)	(1,606,737)	(1,708,667)
Total Liabilities and Shareholders' Equity (Deficit)	$ 213,285	$ 215,355

CONSOLIDATED BALANCE SHEETS - P

CONSOLIDATED BALANCE SHEETS - Parenthetical - $ / shares	Sep. 30, 2023	Dec. 31, 2022
CONSOLIDATED BALANCE SHEETS
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	750,000,000	750,000,000
Common Stock, Shares, Issued	301,015,600	301,000,100
Common Stock, Shares, Outstanding	301,015,600	301,000,100

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue
Consultant services	$ 526,746	$ 209,334	$ 1,623,030	$ 839,374
Software development and maintenance services-Related parties (Note 9 (1))	28,619	5,313	59,589	101,310
Software development and maintenance services	3,579	0	21,664	0
Total revenue	558,944	214,647	1,704,283	940,684
Costs of Revenue
Costs of consultant services	314,780	247,077	727,233	1,330,218
Costs of software development	7,810	(1,086)	38,948	64,281
Total of costs of revenue	322,590	245,991	766,181	1,394,499
Gross Profit	236,354	(31,344)	938,102	(453,815)
General and administrative expenses
Payroll and employee benefit	7,754	7,348	35,227	21,949
Depreciation	492	1,130	2,625	3,497
Office expenses	10,917	99,711	91,733	126,354
Rental expenses	9,590	9,454	28,723	29,224
Due and subscription	4	0	39,554	33,435
Professional fees	139,542	31,872	385,409	123,757
Consultant fees	0	0	0	137,000
Management fees	0	15,000	0	45,000
Management fees-related party (Note 9 (2))	271	119,217	385,437	939,903
Advisory fee-related party (Note 9 (3))	5	0	7,210	0
Total general and administrative expenses	168,575	283,732	975,918	1,460,119
Total Operating Expenses	168,575	283,732	975,918	1,460,119
Income (Loss) from Operation	67,779	(315,076)	(37,816)	(1,913,934)
Other Income (Expenses)
Interest income	221	1	456	3
Gain (loss) on foreign currency transaction	(1,401)	23	(828)	7,514
Total Other Income (Expenses)	(1,180)	24	(372)	7,517
Loss before Provision for Income Tax	66,599	(315,052)	(38,188)	(1,906,417)
Provision for Income Tax	(19,202)	48,926	0	158,920
Net loss	85,801	(363,978)	(38,188)	(2,065,337)
Less: net income attributable to non-controlling interest	4,133	(9,109)	2,297	(6,476)
Net income (loss) attributable to QMIS TBS Capital Group Corp.	81,668	(354,869)	(40,485)	(2,058,861)
Net income (loss) attributable to QMIS TBS Capital Group Corp.	(81,668)	354,869	40,485	2,058,861
Net loss	(26,005)	60,859	5,368	78,995
Total comprehensive income (loss)	55,663	(294,010)	(35,117)	(1,979,866)
Less: comprehensive income attributable to non-controlling interest	(134)	(308)	746	(1,289)
Comprehensive income (loss) attributable to QMIS TBS Capital Group Corp.	$ 55,797	$ (293,702)	$ (35,863)	$ (1,978,577)
Basic and Fully Diluted Loss per Share	$ 0	$ 0	$ 0	$ (0.01)
Weighted average shares outstanding	301,000,100	301,000,100	301,000,100	301,000,100

UNAUDITED CONSOLIDATED STATEM_2

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	QMIS TBS Capital Group Corp. Shareholders' Equity (Deficit)	Noncontrolling Interest	Total
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2021	$ 30,100	$ 251,375	$ (786,951)	$ (17,445)	$ (522,921)	$ 16,951	$ (505,970)
Shares, Outstanding, Beginning Balance at Dec. 31, 2021	301,000,100
Capital contribution	$ 0	999,975	0	0	999,975	0	999,975
Foreign currency translation adjustment	0	0	0	4,690	4,690	(129)	4,561
Net loss	0	0	(1,547,164)	0	(1,547,164)	8,379	(1,538,785)
Equity, Attributable to Parent, Ending Balance at Mar. 31, 2022	$ 30,100	1,251,350	(2,334,115)	(12,755)	(1,065,420)	25,201	(1,040,219)
Shares, Outstanding, Ending Balance at Mar. 31, 2022	301,000,100
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2021	$ 30,100	251,375	(786,951)	(17,445)	(522,921)	16,951	(505,970)
Shares, Outstanding, Beginning Balance at Dec. 31, 2021	301,000,100
Net loss							(2,065,337)
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2022	$ 30,100	1,251,350	(2,845,812)	62,839	(1,501,523)	9,186	(1,492,337)
Shares, Outstanding, Ending Balance at Sep. 30, 2022	301,000,100
Equity, Attributable to Parent, Beginning Balance at Mar. 31, 2022	$ 30,100	1,251,350	(2,334,115)	(12,755)	(1,065,420)	25,201	(1,040,219)
Shares, Outstanding, Beginning Balance at Mar. 31, 2022	301,000,100
Foreign currency translation adjustment	$ 0	0	0	14,427	14,427	(852)	13,575
Net loss	0	0	(156,828)	0	(156,828)	(5,746)	(162,574)
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2022	$ 30,100	1,251,350	(2,490,943)	1,672	(1,207,821)	18,603	(1,189,218)
Shares, Outstanding, Ending Balance at Jun. 30, 2022	301,000,100
Foreign currency translation adjustment	$ 0	0	0	61,167	61,167	(308)	60,859
Net loss	0	0	(354,869)	0	(354,869)	(9,109)	(363,978)
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2022	$ 30,100	1,251,350	(2,845,812)	62,839	(1,501,523)	9,186	(1,492,337)
Shares, Outstanding, Ending Balance at Sep. 30, 2022	301,000,100
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2022	$ 30,100	1,251,350	(3,013,236)	30,104	(1,701,682)	(6,985)	(1,708,667)
Shares, Outstanding, Beginning Balance at Dec. 31, 2022	301,000,100
Foreign currency translation adjustment	$ 0	0	0	7,924	7,924	445	8,369
Net loss	0	0	233,815	0	233,815	461	234,276
Equity, Attributable to Parent, Ending Balance at Mar. 31, 2023	$ 30,100	1,251,350	(2,779,421)	38,028	(1,459,943)	(6,079)	(1,466,022)
Shares, Outstanding, Ending Balance at Mar. 31, 2023	301,000,100
Equity, Attributable to Parent, Beginning Balance at Dec. 31, 2022	$ 30,100	1,251,350	(3,013,236)	30,104	(1,701,682)	(6,985)	(1,708,667)
Shares, Outstanding, Beginning Balance at Dec. 31, 2022	301,000,100
Net loss							(38,188)
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2023	$ 30,102	1,386,098	(3,053,721)	34,726	(1,602,795)	(3,942)	(1,606,737)
Shares, Outstanding, Ending Balance at Sep. 30, 2023	301,015,600
Equity, Attributable to Parent, Beginning Balance at Mar. 31, 2023	$ 30,100	1,251,350	(2,779,421)	38,028	(1,459,943)	(6,079)	(1,466,022)
Shares, Outstanding, Beginning Balance at Mar. 31, 2023	301,000,100
Foreign currency translation adjustment	$ 0	0	0	22,569	22,569	435	23,004
Net loss	0	0	(355,968)	0	(355,968)	(2,297)	(358,265)
Equity, Attributable to Parent, Ending Balance at Jun. 30, 2023	$ 30,100	1,251,350	(3,135,389)	60,597	(1,793,342)	(7,941)	(1,801,283)
Shares, Outstanding, Ending Balance at Jun. 30, 2023	301,000,100
Common stock issuance	$ 2	134,748	0	0	134,750	0	134,750
Common stock issuance, Shares	15,500
Foreign currency translation adjustment	$ 0	0	0	(25,871)	(25,871)	(134)	(26,005)
Net loss	0	0	81,668		81,668	4,133	85,801
Equity, Attributable to Parent, Ending Balance at Sep. 30, 2023	$ 30,102	$ 1,386,098	$ (3,053,721)	$ 34,726	$ (1,602,795)	$ (3,942)	$ (1,606,737)
Shares, Outstanding, Ending Balance at Sep. 30, 2023	301,015,600

Statements of Cash Flows

Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Net Cash Provided by (Used in) Operating Activities
Net loss	$ (38,188)	$ (2,065,337)
Adjustments to reconcile net loss
Depreciation	2,625	3,497
Amortization of operating lease right-of-use assets	12,023	17,361
Changes in assets and liabilities
Accounts receivable	(1,931)	182,189
Prepaid expenses	(334)	48,230
Contract security deposit	(44)	1,074
Accounts payable	7,158	10,903
Accrued expenses	122,856	(54,020)
Taxes payable	(53,967)	194,689
Deferred revenue	(1,463)	(24,156)
Operating lease liabilities	(13,798)	(17,154)
Net cash used by operating activities	34,937	(1,702,724)
Cash Flows from Investing Activities
Purchase of property and equipment	(1,209)	(356)
Net cash provided (used) by investing activities	(1,209)	(356)
Cash Flows from Financing Activities
Shareholders capital contribution	134,750	999,975
Proceeds from related parties	(156,044)	(833,615)
Repayment to related parties	30,076	282,227
Net cash provided (used) by financing activities	8,782	448,587
Effect on changes in foreign exchange rate	(32,134)	41,155
Increase (decrease) in cash	10,376	(1,213,338)
Cash at beginning of period	187,437	1,409,794
Cash at end of period	197,813	196,456
Cash paid during the year for
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	0	0
Income Taxes Paid	$ 53,911	$ 41,115

Note 1 - ORGANIZATION AND BUSIN

Note 1 - ORGANIZATION AND BUSINESS BACKGROUND	9 Months Ended
	Sep. 30, 2023
Notes
Note 1 - ORGANIZATION AND BUSINESS BACKGROUND	Note 1- ORGANIZATION QMIS TBS Capital Group Corp. (the “Company” or "QMIS USA") was incorporated in the state of Delaware on November 21, 2019, under the name TBS Capital Management Group Corp. The name was changed to QMIS TBS Capital Group Corp. on February 10, 2020. On February 13, 2023, the Company entered into certain share exchange agreements (the “Share Exchange Agreements”) with the shareholders of all 1,000,100 outstanding shares of common stock of QMIS Securities Capital SDN BHD (“QSC”), which was incorporated by the Companies Commission of Malaysia on January 13, 2015 under the Companies Act 1965 as a private limited company with the name Multi Securities Capital (M) SDN BHD, which was subsequently changed to QMIS Securities Capital (M) SDN BHD on March 19, 2015. The two QSC shareholders were Dr. Chin Yung Kong, the Company’s Chief Executive Officer, and Chin Hua Fung, Dr. Chin’s son. Pursuant to the Share Exchange Agreements, Dr. Chin exchanged 700,070 shares of QSC common stock for 700,070 shares of the Company’s common stock. Mr. Chin exchanged 300,030 shares of QSC common stock for 300,030 shares of the Company’s common stock. Accordingly, the Company became the sole shareholder of QSC after the share exchanges. The share exchanges have been accounted for as a recapitalization between entities under common control since the same controlling shareholders controlled these two entities before and after the transaction. The consolidation of the Company and its subsidiary has been accounted for at historical cost and prepared on the basis as if the transaction had become effective as of the beginning of the earliest period presented in the accompanying consolidated financial statements. On November 16, 2015, QSC acquired 99.9% equity ownership interest of QMIS Capital Venture SDN BHD (“QCV”), which was incorporated by the Companies Commission of Malaysia on January 14, 2015 under the private limited company act with the name Diversified Multi Capital Venture (M) SDN BHD. Subsequently, the name was changed to QMIS Capital Venture SDN BHD on March 19, 2015. On October 15, 2015, QSC acquired 69.99% equity ownership interest of QMIS World Trade International SDN BHD (“QWT”), and subsequently on November 27, 2015, QSC acquired anther 0.01% equity ownership interest in QWT, which was incorporated by the Companies Commission of Malaysia on 15 October 2014 under the private limited company act with the name of Santubong Business Trading SDN BHD. Subsequently, the name was changed to QMIS World Trade International SDN BHD on August 7, 2015. QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 1- ORGANIZATION (continued) On December 31, 2021, QSC acquired 100% equity ownership interest of QMIS TBS Capital Group Corporation Limited (“QTBS”), which was incorporated in Hong Kong on September 9, 2013 under the Companies Ordinance as a limited liability company under the name QMIS Huayin Finance Credit Limited. Subsequently, the name was changed to QMIS Ample Luck Financial Group Limited on July 19, 2018 and finally QMIS TBS Capital Group Corporation Limited on June 16, 2020. On December 31, 2021, QSC acquired 100% equity ownership interest of QMIS Finance Limited (“QFL”), which was incorporated in Hong Kong on July 20, 2007 under the Companies Ordinance as a limited liability company with the name of Hua Xia Syndicate Financial Credit Limit. Subsequently, the name is changed to QMIS Syndicate Financial Credit Limited on February 21, 2014 and finally to QMIS Finance Limited on March 31, 2016. On May 27, 2020, QFL, QSC, and QWT acquired 60%, 20%, and 20%, respectively, equity ownership interest in QMIS Green Energy Berhad (“QGE”), which was incorporated by the Companies Commission of Malaysia on May 27, 2020 under the private limited company act with the name of QMIS Waste Management Group Berhad. Subsequently, the name was changed QMIS Green Energy Berhad on September 13, 2022. On May 8, 2020, QFL, QSC, and QWT acquired 60%, 20%, and 20%, respectively, equity ownership interest in QMIS Biotech Group Berhad (“QBT”), which was incorporated by the Companies Commission of Malaysia on 8 May 2020 under the private limited company act with the name of QMIS Biotech Group Berhad. Subsequently, the name was changed to QMIS Biotech Group Berhad on May 29, 2020. On June 22, 2020, QFL incorporated QMIS Investment Bank Limed (“QIB”) by the Labuan Financial Services Authority (LFSA) in Malaysia under the company limited by shares act with the name of QMIS Finance (L) Limited. Subsequently, the name was changed to QMIS Labuan Investment Bank Limited on March 24, 2021 and finally to QMIS Investment Bank Limited on 28 July 2022. QFL owns 100% equity ownership interest in QIB. On June 21, 2021, QFL and four other shareholders incorporated QMIS Richwood Blacktech Sdn. Bhd. (“QR”) by the Companies Commission of Malaysia under the private limited company act. QFL owns 51% equity ownership interest in QR. On August 3, 2023, QIB and Dr. Chin incorporated a company, QMIS Micropay Berhad ("QMB"), in Kuala Lumpur, Malaysia. QIB and Dr. Chin own 60% and 40% of ownership equity interest of QMIS Micropay Berhad, respectively. QMIS Micropay Berhad plans to carry on the business of electronic payment and transaction, but has not engaged in any business operation as of the date of this financial statements. QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 1- ORGANIZATION (continued) A schematic of the Company’s current corporate structure, in operation, is set forth below. Currently, QMIS USA is a holding company. QSC, QFL, and QTBS work together to provide consultant services. QR is engaged in the business of software development. Beginning from early 2023, QR generates revenue from the usage of an online payment software, QRPay, which is maintained by QR. all other companies are not currently engaged in business operation. QMIS USA, QSC, QFL, QTBS, QR, QIB, QMB, QGE, QBT, QWT, and QCV are hereafter referred to as the Company.

Note 2 - SIGNIFICANT ACCOUNTING

Note 2 - SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2023
Notes
Note 2 - SIGNIFICANT ACCOUNTING POLICIES	Note 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated. These unaudited interim consolidated financial statements do not include all of the information and disclosure required by the U.S. GAAP for complete financial statements. Interim results are not necessarily indicative of results for a full year. In the opinion of management, all adjustments consisting of normal recurring nature considered necessary for a fair presentation of the financial position and the results of operations and cash flows for the interim periods have been included. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes for the year ended December 31, 2022. QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Non-controlling Interest Non-controlling interest in the consolidated balance sheets represents the portion of the equity in the subsidiaries not attributable, directly or indirectly, to the Company. The portion of the income or loss applicable to the non-controlling interest in subsidiaries is also separately reflected in the consolidated statements of operations and comprehensive income (loss). Foreign Currency Translation The accompanying consolidated financial statements are presented in United States Dollar (“USD”), which is the reporting currency of the Company. The functional currency of QSC, QWT, QCV, QGE, QBT, QMB, and QR are Malaysian Ringgit (“MYR”). The functional currency of QFL and QTBS are Hong Kong dollar ("HKD"). The functional currency of QMIS USA and QIB is USD. The Company maintains its books and record in its functional currency. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is the United States Dollars (“US$”), and the accompanying consolidated financial statements have been expressed in US$. In accordance with ASC Topic 830-30, “Translation of Financial Statements”, assets and liabilities of the Company whose functional currency is not US$ are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from the translation of financial statements are recorded as a separate component of accumulated other comprehensive gain (loss) within the statements of changes in shareholders’ deficit. The exchange rates used for foreign currency translation were as follows: (1) USD$1 = HKD Period Covered Balance Sheet Average Rates Nine months ended September 30, 2023 7.8308 7.8341 Nine months ended September 30, 2022 7.8498 7.8335 (2) USD$1 = MYR Period Covered Balance Sheet Average Rates Nine months ended September 30, 2023 4.6938 4.5124 Nine months ended September 30, 2022 4.6359 4.3431 QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions of future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as operating environment changes. Significant estimates and assumptions by management include, among others, estimated life and impairment of long-lived assets, allowance for doubtful accounts, contingencies, and income taxes including the valuation allowance for deferred tax assets. While the Company believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects of revisions are reflected in the financial statements in the period they are determined to be necessary. Fair Value of Financial Instruments The Company adopted ASC 820 “Fair Value Measurements,” which defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosures requirements for fair value measures. Current assets and current liabilities qualified as financial instruments and management believes their carrying amounts are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and if applicable, their current interest rate is equivalent to interest rates currently available. The three levels are defined as follow: Level 1: Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2: Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value. As of the balance sheet date, the estimated fair values of the financial instruments approximated their fair values due to the short-term nature of these instruments. Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates the hierarchy disclosures each year. QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Cash and Cash Equivalents Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit and all other highly liquid instruments with original maturities of three months or less. Statements of Cash Flows In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 830-230, “Statement of Cash Flows,” cash flows from the Company’s operations are calculated based upon the functional currency. As a result, amounts related to assets and liabilities reported on the statement of cash flows may not necessarily agree with changes in the corresponding balances on the balance sheet. Accounts Receivable Accounts receivable, net represent the amounts that the Company has an unconditional right to consideration, which are stated at the original amount less an allowance for doubtful receivables. The Company reviews the accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. The Company usually determines the adequacy of reserves for doubtful accounts based on individual account analysis and historical collection trends. The Company establishes a provision for doubtful receivables when there is objective evidence that the Company may not be able to collect amounts due. The allowance is based on management’s best estimates of specific losses on individual exposures, as well as a provision on historical trends of collections. The provision is recorded against accounts receivables balances, with a corresponding charge recorded in the consolidated statements of operations and comprehensive income (loss). Delinquent account balances are written off against the allowance for doubtful accounts after management has determined that the likelihood of collection is remote. In circumstances in which the Company receives payment for accounts receivable that have previously been written off, the Company reverses the allowance and bad debt. Property, plant and equipment Property and equipment primarily consist of cultivation equipment, office equipment, furniture, tools and construction in progress. Cultivation equipment, office equipment, furniture and tools are stated at cost less accumulated depreciation less any provision required for impairment in value. Depreciation is computed using the straight-line method based on the estimated useful lives as follows: Office equipment and furniture 10 years Computers and printers 2.5 years Leasehold improvements 5 years (lease term) Costs of repairs and maintenance are expensed as incurred and asset improvements are capitalized. The cost and related accumulated depreciation of assets disposed of or retired are removed from the accounts, and any resulting gain or loss is reflected in the consolidated statement of income. QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Impairment of long-lived assets The Company 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 future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. No impairment of long-lived assets was recognized for the nine months ended September 30, 2023 and 2022. Operating lease The Company leases are classified as operating leases in accordance with Topic 842. Under Topic 842, lessees are required to recognize the following for all leases (with the exception of short-term leases) on the commencement date: (i) lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. At the commencement date, the Company recognizes the lease liability at the present value of the lease payments not yet paid, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company’s incremental borrowing rate for the same term as the underlying lease. The right-of-use asset is recognized initially at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred, consisting mainly of brokerage commissions, less any lease incentives received. All right-of-use assets are reviewed for impairment. No impairment for right-of-use lease assets incurred in the nine months ended September 30, 2023 and 2022. Concentration of Credit Risk Financial instruments the Company holds that are subject to concentrations of credit risk are cash and accounts receivable arising from its normal business activities. The Company places its cash and restricted cash in what it believes to be credit-worthy financial institutions. The Company conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable. For the nine months ended September 30, 2023 and 2022, customer A accounted for 95.2% and 89.2%, respectively, of the Company’s total revenues. For the nine months ended September 30, 2023 and 2022, no vender accounted for more than 10% of the Company’s total purchase. QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Revenue Recognition The Company adopted ASC 606 upon inception. Under ASC 606, revenue is recognized when a customer obtains control of promised goods or services, in an amount that reflects the consideration which the entity expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of ASC 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company currently generates its revenue from the following main sources: Revenue from consultant services QSC, QFL, and QTBS work together to provide business consultant services to customers. The revenue is recognized at the point in time when the consultant services promised are performed and accepted by the customers, which is generally when the consultant project is delivered to and accepted by the customer. Revenue from Software Development and maintenance services QR provides customers with software development and support service pursuant to their specific requirements, which primarily compose of custom application development, supporting, and training. The Company generally recognized revenue at a point in time when control is transferred to the customers and the Company is entitled to the payment, or when the promised services are delivered and accepted by the customers. Beginning from early 2023, QR generates revenue from the usage of an online payment software, QRPay, which is maintained by QR. QR recognizes such revenue at a point in time when the related online payment transaction is successfully completed and QR is entitled to the revenue. Payments for services received in advance in accordance to the contract is recognized as deferred revenues when received. Cost of Revenues Cost of revenues primarily consists of salaries and related expenses (e.g. bonuses, employee benefits, statutory pension contribution, and payroll taxes) for personnel directly involved in the delivery of services and products to customers. In addition, other costs directly involved in the delivery of services and products to customers, such as outside consulting, legal services, and supporting overhead costs, are included in the costs of revenue. Comprehensive Income (Loss) ASC 220 “Comprehensive Income” established standards for reporting and display of comprehensive income/loss, its components and accumulated balances. Components of comprehensive income/loss include net income/loss and foreign currency translation adjustments. The component of accumulated other comprehensive income (loss) consisted of foreign currency translation adjustments. QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Income Taxes The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets and liabilities are measured using 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 including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. An uncertain tax position is recognized only if it is “more likely than not” that the tax position would be sustained in a tax examination. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. QSC, QWT, QCV, QGE, QBT, QIB, QMB, and QR operate in Malaysia and are subject to the income tax laws of Malaysia. QFL and QTBS operate in Hong Kong and are subject to the income tax law of Hong Kong. As of September 30,, 2023 and December 31, 2022, all of the Company’s tax returns remain open for statutory examination by relevant tax authorities. The Company accounts for income taxes in interim periods in accordance with FASB ASC 740-270, "Interim Reporting." The Company has determined an estimated annual effective tax rate. The rate will be revised, if necessary, as of the end of each successive interim period during the Company's fiscal year to its best current estimate. The estimated annual effective tax rate is applied to the year-to-date ordinary income (or loss) at the end of the interim period. Service taxes Service tax is a consumption tax levied by Malaysian tax authorities and is charged on any taxable service income (including digital services) provided in Malaysia by a registered company in carrying on their business. The rate of service tax is 6% ad valorem for all taxable services. A taxable entity is a company that is registered or liable to be registered for service taxes. A company is liable to be registered if the total value of its taxable services for a 12-month period exceeds or is expected to exceed the prescribed registration threshold of MYR500,000 as consultancy, training or coaching services providers and digital and information technology services providers. Service taxes were recorded as a deduction against the Company’s gross revenue. QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Earnings per share Basic earnings per ordinary share is computed by dividing net earnings attributable to ordinary shareholders by the weighted-average number of ordinary shares outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to ordinary shareholders by the sum of the weighted average number of ordinary share outstanding and of potential ordinary share (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted earnings per share. For the nine months ended September 30, 2023 and 2022, the Company had no dilutive stocks. Related Parties Transactions The Company identifies related parties, and accounts for, discloses related party transactions in accordance with ASC 850, “Related Party Disclosures” and other relevant ASC standards. A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered as a related party transaction when there is a transfer of resources or obligations between related parties. Related parties may be individuals or corporate entities. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts of related party transactions due to their related party nature. Segment Reporting ASC 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s chief operating decision maker organizes segments within the Company for making operating decisions assessing performance and allocating resources. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. Management determined the Company’s operations constitute two reportable segments in accordance with ASC 280, business consultant services and software development. QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Recently Issued Accounting Pronouncements In October 2021, the FASB issued Accounting Standards Update (“ASU”) No. 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This ASU clarifies that an acquirer of a business should recognize and measure contract assets and contract liabilities in a business combination in accordance with ASC Topic 606, “Revenue from Contracts with Customers”. This ASU is expected to improve comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. The new guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted ASU No. 2021-08 on January 1, 2023 and the adoption did not have a material impact on the Company’s unaudited consolidated financial statements.

Note 3 - GOING CONCERN

Note 3 - GOING CONCERN	9 Months Ended
	Sep. 30, 2023
Notes
Note 3 - GOING CONCERN	Note 3- GOING CONCERN The financial statements have been prepared “assuming that we will continue as a going concern,” which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business. The Company incurred a loss of $38,188 and $2,065,337 for the nine months ended September 30, 2023 and 2022, respectively. The Company also had working capital deficit of $1,710,090 and $1,725,668 as of September 30, 2023 and December 31, 2022, respectively. In addition, the Company had accumulated deficit of $3,053,721 and $3,013,236 as of September 30, 2023 and December 31, 2022, respectively. These factors among others raise substantial doubt about the ability to continue as a going concern for a reasonable period of time. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources by obtaining capital from directors/shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Note 4 - ACCOUNTS RECEIVABLE

Note 4 - ACCOUNTS RECEIVABLE	9 Months Ended
	Sep. 30, 2023
Notes
Note 4 - ACCOUNTS RECEIVABLE	Note 4- ACCOUNTS RECEIVABLE Accounts receivable consists of the following: September 30, December 31, 2023 2022 Accounts receivable $ 3,782 $ - Accounts receivable-related parties - 2,054 Less: Allowance for doubtful accounts - - Accounts receivable, net $ 3,782 $ 2,054 Bad debt expense charged to operations was $0 for the nine months ended September 30, 2023 and 2022. * Refer to Note 9 (1) - Related party transactions.

Note 5 - PROPERTY, PLANT AND EQ

Note 5 - PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2023
Notes
Note 5 - PROPERTY, PLANT AND EQUIPMENT	Note 5- PROPERTY, PLANT AND EQUIPMENT The following is a summary of property, plant and equipment: September 30, December 31, 2023 2022 Office equipment and furniture 5,867 5,017 Computers and printers 11,267 12,019 Leasehold improvements 19,165 20,444 Total 36,299 37,480 Less: Accumulated depreciation (33,388) (32,923) Total property, plant and equipment, net $ 2,911 $ 4,557 Depreciation expense charged to operations was $2,625 and $3,497 for the nine months ended September 30, 2023 and 2022, respectively.

Note 6 - ACCOUNTS PAYABLE

Note 6 - ACCOUNTS PAYABLE	9 Months Ended
	Sep. 30, 2023
Notes
Note 6 - ACCOUNTS PAYABLE	Note 6- ACCOUNTS PAYABLE Accounts payable consist of the following: September 30, December 31, 2023 2022 Accounts payable $ - $ 10,840 Accounts payable-related parties* 38,349 22,726 Total $ 38,349 $ 33,566 * Refer to Note 9 (4) - Related party transaction.

Note 7 - ACCRUED EXPENSES

Note 7 - ACCRUED EXPENSES	9 Months Ended
	Sep. 30, 2023
Notes
Note 7 - ACCRUED EXPENSES	Note 7- ACCRUED EXPENSES Accrued expenses consist of the following: September 30, December 31, 2023 2022 Accrued pension and employee benefit $ 37,546 $ 32,651 Accrued professional fees 255,554 140,001 Accrued office expenses 8,155 8,601 Total $ 301,255 $ 181,253

Note 8 - TAXES PAYABLE

Note 8 - TAXES PAYABLE	9 Months Ended
	Sep. 30, 2023
Notes
Note 8 - TAXES PAYABLE	Note 8- TAXES PAYABLE Taxes payable consist of the following: September 30, December 31, 2023 2022 Malaysia income taxes payable $ 65,213 $ 115,947 Malaysia services taxes payable 160,020 170,750 Hong Kong income taxes payable 719,060 730,479 Total $ 944,293 $ 1,017,176

Note 9 - RELATED PARTY TRANSACT

Note 9 - RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
Notes
Note 9 - RELATED PARTY TRANSACTIONS	Note 9- RELATED PARTY TRANSACTIONS The Company had transactions with the following related parties: Name of Related Party Nature of Relationship Mr. Yung Kong Chin A director of the Company. Mr. Hua Fung Chin A former director of the Company, and son of Mr. Yung Kong Chin. Mr. Ting Teck Sheng A director of the Company. Ms. Tingting Gu A former director of the Company. Mr. Kar Yee Ong CFO, and a director of the Company. Richwood Ventures Berhad A Malaysia company, Mr. Ting Teck Sheng is a director. Panpay Holdings SDN BHD A Malaysia company Mr. Ting Teck Sheng is a director. Pantop Venture Capital SDN BHD A Malaysia company owns 40% of QMIS Richwood Blacktech SDN BHD Pantop Millennium SDN BHD A Malaysia company owns 3% of QMIS Richwood Blacktech SDN BHD QMIS Financial Group Limited A Hong Kong company, Mr. Yung Kong Chin is a director. QMIS Asset Management Limited A Hong Kong company, Ms. Tingting Gu is a director. (1) QMIS Richwood Blacktech SDN BHD ("QR") provides software development and maintenance servicers to Richwood Ventures Berhad and Panpay Holdings SDN BHD. In the nine months ended September 30, 2023, QR generated revenue of $17,877 and $41,712 from Richwood Ventures Berhad and Panpay Holdings SDN BHD, respectively. In the nine months ended September 30, 2022, QR generated revenue of $30,393 and $70,917 from Richwood Ventures Berhad and Panpay Holdings SDN BHD, respectively. As of September 30, 2023, accounts receivable from Richwood Ventures Berhad was $0, and deferred revenue from Panpay Holdings SDN BHD amounted to $0. As of December 31, 2022, accounts receivable from Richwood Ventures Berhad was $2,054, and deferred revenue from Panpay Holdings SDN BHD amounted to $1,500. (2) QMIS Finance Limited ("QFL") and QMIS TBS Capital Group Corp. ("QTBS") paid management fees to QMIS Financial Group Limited as needed for business advice and general and administrative services, such as office space and bookkeeping. The management fees amounted to $385,437 and $939,903 in the nine months ended September 30, 2023 and 2022, respectively. There was no outstanding balance for account payable to QMIS Finance Group Limited as of September 30, 2023 and December 31, 2022, respectively. (3) QMIS Finance Limited ("QFL") and QMIS TBS Capital Group Corp. ("QTBS") paid advisory fees to QMIS Asset Management Limited for assistances in the consultant services. The advisory fees amounted to $7,210 and $nil in the nine months ended September 30, 2023 and 2022, respectively. There was no outstanding balance for account payable to QMIS Asset Management Limited as of September 30, 2023 and December 31, 2022, respectively. QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 9- RELATED PARTY TRANSACTIONS (continued) (4) Pantop Millennium SND BHD has provided general and administrative services, such as office space and bookkeeping, to QMIS Richwood Blacktech SND BHD ("QR") since its inception in September 2021. The amount of the services was $29,918 and $21,874 for the nine months ended September 31, 2023 and 2022, respectively. The accounts payable to Pantop Millennium SND BHD amounted to $38,349 and $22,726 as of September 30, 2023 and December 31, 2022, respectively. (5) Since QMIS Richwood Blacktech SND BHD ("QR") did not have a bank account until November 2022, Pantop Venture Capital SDN BHD has traditionally paid QR's expenses for its operation. These advanced payments are unsecured, non-interest bearing and payable on demand. There are no written agreements for these advances. Due to lack of cash resource, Mr. Yung Kong Chin has financed the Company's operation. Whenever the Company needs cash resource, he loans money to the Company to support its operation. These loans are unsecured, non-interest bearing and payable on demand. There are no written agreements for these advances. Mr. Yung Kong Chin, Mr. Hua Fung Chin, Mr. Kar Yee Ong, and Ms. Tingting Gu lead the consultant service team which provides consultant services to customers. Their compensation were included in the costs of consultant services, and were accrued if they were not paid as of the balance sheet date. Due to related parties consists of the following: September 30, December 31, 2023 2022 Mr. Yung Kong Chin $ 439,203 $ 610,557 Pantop Venture Capital SDN BHD 58,858 64,817 Ms. Tingting Gu 16,692 - Mr. Kar Yee Ong 20,432 - Total $ 535,185 $ 675,374 (6) As noted above, Mr. Yung Kong Chin, Mr. Hua Fung Chin, Mr. Kar Yee Ong, and Ms. Tingting Gu lead the consultant service team which provides consultant services to customers. Their compensation were included in the costs of consultant services. Compensation paid to directors consists of the following: For the Nine Months Ended September 30, 2023 2022 Mr. Yung Kong Chin $ 496,138 $ 615,902 Mr. Hua Fung Chin 51,576 49,196 Ms. Tingting Gu 20,424 - Mr. Kar Yee Ong 20,424 - Total $ 588,562 $ 665,098

Note 10 - LEASES

Note 10 - LEASES	9 Months Ended
	Sep. 30, 2023
Notes
Note 10 - LEASES	Note 10- LEASES The Company has operating leases for corporate offices, employees’ accommodation, and office equipment. These leases have initial lease terms of 12 months to 5 years. The Company has elected not to recognize lease assets and liabilities for leases with an initial term of 12 months or less. The Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The discount rate used to calculate present value is incremental borrowing rate or, if available, the rate implicit in the lease. The Company determines the incremental borrowing rates for these leases based primarily on lease terms were 8% in Malaysia. The components of lease costs, lease term and discount rate with respect of operating leases with an initial term of more than 12 months are as follows: For the Nine Months Ended September 30, September 30, 2023 2022 Operating lease cost $ 12,482 $ 17,822 September 30, December 31, 2023 2022 Weighted Average Remaining Lease Term - Operating leases 1.0 years 0.81 years Weighted Average Discount Rate - Operating leases 8.00% 8.00% As of September 30, 2023, future minimum lease payments under the non-cancelable lease agreements are as follows: September 30, 2023 2023 $ 612 2024 347 Total lease payments 959 Less: imputed interest (19) Total lease liabilities 940 Less: current portion 940 Non-current lease liabilities $ -

Note 11 - INCOME TAXES

Note 11 - INCOME TAXES	9 Months Ended
	Sep. 30, 2023
Notes
Note 11 - INCOME TAXES	Note 11- INCOME TAXES United States QMIS USA is a company registered in the State of Delaware incorporated in November 21, 2019, and subjects to federal income tax at 21% statutory tax rate with respect to the profit generated from the United States. Malaysia QMIS Securitas Capital (M) SDN BHD, QMIS World Trade International SDN BHD, QMIS Capital Venture SDN BHD, QMIS Green Energy Berhad, QMIS Biotech Group Berhad, QMIS Investment Bank Limited, QMIS Micropay Berhad, and QMIS Richwood Blacktech SDN BHD were incorporated in Malaysia, and accordingly are governed by the income tax laws of Malaysia. The income tax provision in respect of operations in Malaysia is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations, and practices. Under the Income Tax Act of Malaysia, enterprises incorporated in Malaysia are usually subject to a unified 24% enterprise income tax rate while prefer, tax holidays, and tax exemptions may be granted on a case-by-case basis. The tax rate for small and medium sized companies (generally companies incorporated in Malaysia with paid-in capital of MYR2,500,000 or less, and gross income of not more than MYR50 million) is 17% for the first MYR600,000 (or approximately $150,000) taxable income, with the remaining balance being taxed at the 24% rate. Hong Kong QMIS Financial Limited and QMIS TBS Capital Group Corp. were incorporated in Hong Kong, and accordingly are subject to income tax at 8.25% on the first HKD 2,000,000 profit and 16.5% on the remaining profits arising in or derived from Hong Kong. The components of the income tax provision were as follows: For the Nine Months ended September 30, September 30, 2023 2022 Current tax provision: United States $ - $ - Malaysia - 59,987 Hong Kong - 98,933 - 158,920 Deferred tax provision: United States - - Malaysia - - Hong Kong - - - - $ - $ 158,920 Accounting for Uncertainty in Income Taxes The local tax authority conducts periodic and ad hoc tax filing reviews on business enterprises after those enterprises complete their relevant tax filings. Therefore, the Company’s tax filings are subject to examination. It is therefore uncertain as to whether the local tax authority may take different views about the Company’s tax filings, which may lead to additional tax liabilities.

Note 12 - SEGMENT REPORTING

Note 12 - SEGMENT REPORTING	9 Months Ended
	Sep. 30, 2023
Notes
Note 12 - SEGMENT REPORTING	Note 12- SEGMENT REPORTING Revenue by service categories For the Nine Months Ended September 30, September 30, 2023 2022 Revenue Consultant services $ 1,623,030 $ 839,374 Software development and maintenance services 81,253 101,310 1,704,283 940,684 Operating costs Consultant services 1,767,029 2,741,661 Software development and maintenance services 75,070 112,957 1,842,099 2,854,618 Income (loss) from operations Consultant services (43,999) (1,902,287) Software development and maintenance services 6,183 (11,647) (37,816) (1,913,934) Other income (expenses) Consultant services (372) 7,517 Software development and maintenance services - - (372) 7,517 Income (loss) before income tax expense Consultant services (44,371) (1,894,770) Software development and maintenance services 6,183 (11,647) (38,188) (1,906,417) Income tax expense Consultant services - 158,920 Software development and maintenance services - - - 158,920 Net income (loss) Consultant services (44,371) (2,053,690) Software development and maintenance services 6,183 (11,647) $ (38,188) $ (2,065,337) Capital expenditure Consultant services $ - $ 356 Software development and maintenance services 1,209 - $ 1,209 $ 356 September 30, December 31, 2023 2022 Total assets Consultant services $ 26,140 $ 10,284 Software development and maintenance services 13,817 21,476 Other 173,328 183,595 $ 213,285 $ 215,355

Note 13 - EQUITY CAPITAL

Note 13 - EQUITY CAPITAL	9 Months Ended
	Sep. 30, 2023
Notes
Note 13 - EQUITY CAPITAL	Note 13- EQUITY CAPITAL Authorized Capital On the date of incorporation, the Company was authorized to issue 750,000,000 shares of common stock, par value $0.0001 per share. On October 7, 2020, the Company amended its Certificate of Incorporation to be authorized to issue 760,000,000 shares of stock, consisting of 750,000,000 shares of common stock having a par value of $0.0001 per share, and 10,000,000 shares of preferred stock having a par value of $0.0001 per share. Issuance of Common Stock On February 12, 2020, 300,000,000 shares of common stock were issued at par value $0.0001 per share to three directors as director fees, totaling $30,000. On February 13, 2023, a total of 1,000,100 shares of common stock were issued to Mr. Chin Yung Kong and Mr. Chin Hua Fung for acquisition of QMIS Securities Capital SDN BHD. In the third quarter 2023, the Company entered into stock subscription agreements with three individuals, pursuant to which the Company issued 15,500 shares of common stock, ranging from $8.5 to $10.00 per share, for a total consideration of $134,750. Capital Stock Issued and Outstanding As of September 30, 2023 and December 31, 2022, 301,015,600 and 301,000,100 shares of common stock were issued and outstanding, respectively, and 0 and 0 shares of preferred stock were issued and outstanding, respectively. The number of shares reflects the retrospective presentation of the share issuance on February 13, 2023, due to the recapitalization between entities under common control.

Note 14 - CONVERTIBLE PROMISSOR

Note 14 - CONVERTIBLE PROMISSORY NOTE	9 Months Ended
	Sep. 30, 2023
Notes
Note 14 - CONVERTIBLE PROMISSORY NOTE	Note 14- CONVERTIBLE PROMISSORY NOTE On October 30, 2020, the Company entered into an agreement to issue a convertible promissory note (the "Note") in the principal amount of one million five hundred thousand dollars ($1,500,000), to the Chairman of the Board and CEO, Dr. Yung Kong Chin. The Company will pay interest from the date of issuance of the Note on the unpaid principal balance at the annual rate of interest equal to eight percentage (8%) per Nine months, such principal and interest to be payable on demand. The Note is a general unsecured obligation of the Company. At any time, the unpaid principal amount of the Note and any unpaid interest accrued thereon can be converted into the Company's common stock at $1.50 per share. However, the Note has not been issued and no fund has been made to the Company at the date of this report. The Company and Dr. Chin anticipate that the Note will be issued in the second quarter of 2024.

Note 15 - CONTINGENCIES, RISKS

Note 15 - CONTINGENCIES, RISKS AND UNCERTAINTIES	9 Months Ended
	Sep. 30, 2023
Notes
Note 15 - CONTINGENCIES, RISKS AND UNCERTAINTIES	Note 15- CONTINGENCIES, RISKS AND UNCERTAINTIES Foreign operation The Company’s operations are carried out in Malaysia and Hong Kong. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments therein. In addition, the Company’s business may be influenced by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, rates and methods of taxation among other factors. Liquidity risk The Company is exposed to liquidity risk which is risk that it is unable to provide sufficient capital resources and liquidity to meet its commitments and business needs. Liquidity risk is controlled by the application of financial position analysis and monitoring procedures. When necessary, the Company will turn to other financial institutions and the shareholders to obtain short-term funding to meet the liquidity shortage. Other risk The Company’s business, financial condition and results of operations may also be negatively impacted by risks related to natural disasters, extreme weather conditions, health epidemics and other catastrophic incidents, such as the COVID-19 outbreak and spread, which could significantly disrupt the Company’s operations.

Note 16 - SUBSEQUENT EVENTS

Note 16 - SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
Notes
Note 16 - SUBSEQUENT EVENTS	Note 16- SUBSEQUENT EVENTS Sale of shares On August 30, 2023, the Company entered into stock subscription agreements with an individual investor, pursuant to which the Company would issue 43,000 shares of common stock, $10.00 per share, for a total consideration of $430,000. The funds were received in October 2023, and the 430,000 shares of common stock were issued accordingly. Broad Capital On July 12, 2022, the Company entered into a Going Public Consultant Agreement (the “Consulting Agreement”) with Broad Capital Assets Management Ltd. (“Broad Capital”), an unrelated third party and a company incorporated in the State of New York, pursuant to which the Company agreed to issue a total of 12% of its issued and outstanding common stocks, as well as up to 8,160,000 additional shares (the “Future Allocation Shares”) of its common stock to Broad Capital or its assignees for services to be provided in connection with a transaction relating to QMIS Finance Securities Corp. (“QMIS Finance”), an entity of which Dr. Chin is also a director and majority shareholder. Pursuant to the Consulting Agreement, the Company had agreed to issue a total of 36,360,012 shares of the Company’s common stock to Broad Capital’s assignees, which shares were eventually issued in November 2023, and which were allocated between two entities which are Broad Capital’s assignees as follows: 14,544,005 shares to Hong Kong Kazi International Group Co. Limited (“Kazi”), and 21,816,007 shares to Hong Kong Hanxin Holdings Limited (“Hanxin”). QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 16- SUBSEQUENT EVENTS (continued) Subsequently, following discussions and negotiations, the Company and Broad Capital have acknowledged and agreed that the services stipulated under the Consulting Agreement had not been provided to the satisfaction of the Company as of the date the shares were issued to Kazi and Hanxin. As such, after friendly and constructive discussions, the Company and Broad Capital, along with Kazi and Hanxin, mutually agreed to terminate the Consulting Agreement and the related issuance of shares due to the unsatisfactory provision of the agreed services. On January 5, 2024, Hong Kong Kazi International Group Co. Limited agreed to cancel the 14,544,005 shares issued to it, and Hong Kong Hanxin Holdings limited agreed to cancel the 21,816,007 shares issued to it. On February 6, 2024, the Company cancelled the 36,360,012 shares issued to Kazi and Hanxin. Since the Future Allocation Shares compensate for the services provided to QMIS Finance, which is not a subsidiary of the Company, the Company, Broad Capital, and Dr. Chin entered in a Replacement Agreement on March 14, 2024. Pursuant to the Replacement Agreement, the parties further acknowledged and agreed that Dr. Chin had previously transferred 1,000,000 shares of common stock of QMIS Finance (the “QFS Shares”) to Broad Capital and its assignees, and that on November 9, 2023, Dr. Chin transferred 2,000,000 shares of QMIS TBS common stock from his personal holdings to YiKim International Limited (the “YiKim Shares”), another assignee of Broad Capital. In the Replacement Agreement, Broad Capital has agreed to substitute 3,000,00 shares previously sent by Dr. Chin, consisting of 1,000,000 shares of QMIS Finance common stock, and 2,000,000 shares of the Company’s common stock, for 3,000,000 of the Future Allocation Shares. Broad Capital also agreed to accept 5,160,000 additional shares of QMIS TBS common stock from Dr. Chin, in addition to the 1,000,000 QFS Shares and the 2,000,000 YiKim Shares previously transferred from Dr. Chin as full settlement of the Future Allocation Shares obligations. Dalian QMIS Software Technology Development Co., Ltd. On Despite the Technical Consulting Agreement being with QSL and not with the Company (i.e. the Company was not a party to the Technical Consulting Agreement), purportedly in connection with the Technical Consulting Agreement, the Company erroneously issued 2,000,000 shares of its common stock to Dalian QMIS for the services provided to QSL pursuant to the Technical Consulting Agreement. As noted, QSL is not a subsidiary of the Company, and the Company had no duty or obligation under the Technical Consulting Agreement to issue shares. As such, the Company deemed it to be necessary and appropriate to cancel the erroneously issued 2,000,000 shares of common stock to rectify the mistake. On December 27, 2023, Dalian QMIS agreed to cancel the 2,000,000 shares issued to it. On February 6, 2024, the Company cancelled the 2,000,000 shares issued to Dalian QMIS. QMIS TBS CAPITAL GROUP CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 16- SUBSEQUENT EVENTS (continued) Private Investors In the third quarter of 2022, four individual investors (collectively, the "Investors") intended to purchase shares directly from Dr. Chin, and not from the Company. Unfortunately, due to an initial misunderstanding and miscommunication, the Investors entered into agreements with the Company for the purchase and sale of an aggregate of 578,000 shares of common stock, $1.00 per share, for a total consideration of $578,000. In November 2023, the Company's transfer agent, ClearTrust LLC (the "Transfer Agent"), erroneously issued 625,400 new shares, which included an extra 47,400 shares for delay in the issuance of the shares, from the Company to the Investors, per the original 2022 agreements, instead of transferring shares from Dr. Chin's holdings. Subsequently, upon realization of the Investors’ original intent, the agreements with the Investors were amended accordingly to reflect the purchase of shares from Dr. Chin rather than from the Company. As such, the Company deemed it to be necessary and appropriate to terminate the agreements with the Investors and to cancel the erroneously issued shares and effectuate the transfer of shares from Dr. Chin to the Investors in accordance with the amended agreements. On February 26, 2024, the Company cancelled the 625,400 shares of common stock issued in November 2023 to the Investors. On March 14, 2024, Dr. Chin transferred 625,400 shares of common stock from his account to the Investors. The full consideration of $578,000 paid by the Investors was retained by the Company and recorded as an advance from Dr. Chin. The Investors directly received an equivalent number of shares from Dr. Chin.

Note 2 - SIGNIFICANT ACCOUNTI_2

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Non-controlling Interest (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Non-controlling Interest	Non-controlling Interest Non-controlling interest in the consolidated balance sheets represents the portion of the equity in the subsidiaries not attributable, directly or indirectly, to the Company. The portion of the income or loss applicable to the non-controlling interest in subsidiaries is also separately reflected in the consolidated statements of operations and comprehensive income (loss).

Note 2 - SIGNIFICANT ACCOUNTI_3

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Foreign Currency Translation (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Foreign Currency Translation	Foreign Currency Translation The accompanying consolidated financial statements are presented in United States Dollar (“USD”), which is the reporting currency of the Company. The functional currency of QSC, QWT, QCV, QGE, QBT, QMB, and QR are Malaysian Ringgit (“MYR”). The functional currency of QFL and QTBS are Hong Kong dollar ("HKD"). The functional currency of QMIS USA and QIB is USD. The Company maintains its books and record in its functional currency. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is the United States Dollars (“US$”), and the accompanying consolidated financial statements have been expressed in US$. In accordance with ASC Topic 830-30, “Translation of Financial Statements”, assets and liabilities of the Company whose functional currency is not US$ are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from the translation of financial statements are recorded as a separate component of accumulated other comprehensive gain (loss) within the statements of changes in shareholders’ deficit. The exchange rates used for foreign currency translation were as follows: (1) USD$1 = HKD Period Covered Balance Sheet Average Rates Nine months ended September 30, 2023 7.8308 7.8341 Nine months ended September 30, 2022 7.8498 7.8335 (2) USD$1 = MYR Period Covered Balance Sheet Average Rates Nine months ended September 30, 2023 4.6938 4.5124 Nine months ended September 30, 2022 4.6359 4.3431

Note 2 - SIGNIFICANT ACCOUNTI_4

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions of future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as operating environment changes. Significant estimates and assumptions by management include, among others, estimated life and impairment of long-lived assets, allowance for doubtful accounts, contingencies, and income taxes including the valuation allowance for deferred tax assets. While the Company believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects of revisions are reflected in the financial statements in the period they are determined to be necessary.

Note 2 - SIGNIFICANT ACCOUNTI_5

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Fair Value of Financial Instruments (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company adopted ASC 820 “Fair Value Measurements,” which defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosures requirements for fair value measures. Current assets and current liabilities qualified as financial instruments and management believes their carrying amounts are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and if applicable, their current interest rate is equivalent to interest rates currently available. The three levels are defined as follow: Level 1: Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2: Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value. As of the balance sheet date, the estimated fair values of the financial instruments approximated their fair values due to the short-term nature of these instruments. Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates the hierarchy disclosures each year.

Note 2 - SIGNIFICANT ACCOUNTI_6

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit and all other highly liquid instruments with original maturities of three months or less.

Note 2 - SIGNIFICANT ACCOUNTI_7

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Statements of Cash Flows (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Statements of Cash Flows	Statements of Cash Flows In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 830-230, “Statement of Cash Flows,” cash flows from the Company’s operations are calculated based upon the functional currency. As a result, amounts related to assets and liabilities reported on the statement of cash flows may not necessarily agree with changes in the corresponding balances on the balance sheet.

Note 2 - SIGNIFICANT ACCOUNTI_8

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Accounts Receivable (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Accounts Receivable	Accounts Receivable Accounts receivable, net represent the amounts that the Company has an unconditional right to consideration, which are stated at the original amount less an allowance for doubtful receivables. The Company reviews the accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. The Company usually determines the adequacy of reserves for doubtful accounts based on individual account analysis and historical collection trends. The Company establishes a provision for doubtful receivables when there is objective evidence that the Company may not be able to collect amounts due. The allowance is based on management’s best estimates of specific losses on individual exposures, as well as a provision on historical trends of collections. The provision is recorded against accounts receivables balances, with a corresponding charge recorded in the consolidated statements of operations and comprehensive income (loss). Delinquent account balances are written off against the allowance for doubtful accounts after management has determined that the likelihood of collection is remote. In circumstances in which the Company receives payment for accounts receivable that have previously been written off, the Company reverses the allowance and bad debt.

Note 2 - SIGNIFICANT ACCOUNTI_9

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Property, Plant and Equipment (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Property, Plant and Equipment	Property, plant and equipment Property and equipment primarily consist of cultivation equipment, office equipment, furniture, tools and construction in progress. Cultivation equipment, office equipment, furniture and tools are stated at cost less accumulated depreciation less any provision required for impairment in value. Depreciation is computed using the straight-line method based on the estimated useful lives as follows: Office equipment and furniture 10 years Computers and printers 2.5 years Leasehold improvements 5 years (lease term) Costs of repairs and maintenance are expensed as incurred and asset improvements are capitalized. The cost and related accumulated depreciation of assets disposed of or retired are removed from the accounts, and any resulting gain or loss is reflected in the consolidated statement of income.

Note 2 - SIGNIFICANT ACCOUNT_10

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Impairment of long-lived assets (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Impairment of long-lived assets	Impairment of long-lived assets The Company 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 future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. No impairment of long-lived assets was recognized for the nine months ended September 30, 2023 and 2022.

Note 2 - SIGNIFICANT ACCOUNT_11

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Operating lease (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Operating lease	Operating lease The Company leases are classified as operating leases in accordance with Topic 842. Under Topic 842, lessees are required to recognize the following for all leases (with the exception of short-term leases) on the commencement date: (i) lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. At the commencement date, the Company recognizes the lease liability at the present value of the lease payments not yet paid, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company’s incremental borrowing rate for the same term as the underlying lease. The right-of-use asset is recognized initially at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred, consisting mainly of brokerage commissions, less any lease incentives received. All right-of-use assets are reviewed for impairment. No impairment for right-of-use lease assets incurred in the nine months ended September 30, 2023 and 2022.

Note 2 - SIGNIFICANT ACCOUNT_12

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Concentration of Credit Risk (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments the Company holds that are subject to concentrations of credit risk are cash and accounts receivable arising from its normal business activities. The Company places its cash and restricted cash in what it believes to be credit-worthy financial institutions. The Company conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable. For the nine months ended September 30, 2023 and 2022, customer A accounted for 95.2% and 89.2%, respectively, of the Company’s total revenues. For the nine months ended September 30, 2023 and 2022, no vender accounted for more than 10% of the Company’s total purchase.

Note 2 - SIGNIFICANT ACCOUNT_13

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Revenue Recognition	Revenue Recognition The Company adopted ASC 606 upon inception. Under ASC 606, revenue is recognized when a customer obtains control of promised goods or services, in an amount that reflects the consideration which the entity expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of ASC 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company currently generates its revenue from the following main sources: Revenue from consultant services QSC, QFL, and QTBS work together to provide business consultant services to customers. The revenue is recognized at the point in time when the consultant services promised are performed and accepted by the customers, which is generally when the consultant project is delivered to and accepted by the customer. Revenue from Software Development and maintenance services QR provides customers with software development and support service pursuant to their specific requirements, which primarily compose of custom application development, supporting, and training. The Company generally recognized revenue at a point in time when control is transferred to the customers and the Company is entitled to the payment, or when the promised services are delivered and accepted by the customers. Beginning from early 2023, QR generates revenue from the usage of an online payment software, QRPay, which is maintained by QR. QR recognizes such revenue at a point in time when the related online payment transaction is successfully completed and QR is entitled to the revenue. Payments for services received in advance in accordance to the contract is recognized as deferred revenues when received. Cost of Revenues Cost of revenues primarily consists of salaries and related expenses (e.g. bonuses, employee benefits, statutory pension contribution, and payroll taxes) for personnel directly involved in the delivery of services and products to customers. In addition, other costs directly involved in the delivery of services and products to customers, such as outside consulting, legal services, and supporting overhead costs, are included in the costs of revenue.

Note 2 - SIGNIFICANT ACCOUNT_14

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Comprehensive Income (Loss) (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Comprehensive Income (Loss)	Comprehensive Income (Loss) ASC 220 “Comprehensive Income” established standards for reporting and display of comprehensive income/loss, its components and accumulated balances. Components of comprehensive income/loss include net income/loss and foreign currency translation adjustments. The component of accumulated other comprehensive income (loss) consisted of foreign currency translation adjustments.

Note 2 - SIGNIFICANT ACCOUNT_15

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Income Taxes	Income Taxes The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets and liabilities are measured using 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 including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. An uncertain tax position is recognized only if it is “more likely than not” that the tax position would be sustained in a tax examination. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. QSC, QWT, QCV, QGE, QBT, QIB, QMB, and QR operate in Malaysia and are subject to the income tax laws of Malaysia. QFL and QTBS operate in Hong Kong and are subject to the income tax law of Hong Kong. As of September 30,, 2023 and December 31, 2022, all of the Company’s tax returns remain open for statutory examination by relevant tax authorities. The Company accounts for income taxes in interim periods in accordance with FASB ASC 740-270, "Interim Reporting." The Company has determined an estimated annual effective tax rate. The rate will be revised, if necessary, as of the end of each successive interim period during the Company's fiscal year to its best current estimate. The estimated annual effective tax rate is applied to the year-to-date ordinary income (or loss) at the end of the interim period.

Note 2 - SIGNIFICANT ACCOUNT_16

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Service Taxes Policy (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Service Taxes Policy	Service taxes Service tax is a consumption tax levied by Malaysian tax authorities and is charged on any taxable service income (including digital services) provided in Malaysia by a registered company in carrying on their business. The rate of service tax is 6% ad valorem for all taxable services. A taxable entity is a company that is registered or liable to be registered for service taxes. A company is liable to be registered if the total value of its taxable services for a 12-month period exceeds or is expected to exceed the prescribed registration threshold of MYR500,000 as consultancy, training or coaching services providers and digital and information technology services providers. Service taxes were recorded as a deduction against the Company’s gross revenue.

Note 2 - SIGNIFICANT ACCOUNT_17

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Earnings Per Share (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Earnings Per Share	Earnings per share Basic earnings per ordinary share is computed by dividing net earnings attributable to ordinary shareholders by the weighted-average number of ordinary shares outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to ordinary shareholders by the sum of the weighted average number of ordinary share outstanding and of potential ordinary share (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted earnings per share. For the nine months ended September 30, 2023 and 2022, the Company had no dilutive stocks.

Note 2 - SIGNIFICANT ACCOUNT_18

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Related Parties Transactions Policy (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Related Parties Transactions Policy	Related Parties Transactions The Company identifies related parties, and accounts for, discloses related party transactions in accordance with ASC 850, “Related Party Disclosures” and other relevant ASC standards. A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered as a related party transaction when there is a transfer of resources or obligations between related parties. Related parties may be individuals or corporate entities. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts of related party transactions due to their related party nature.

Note 2 - SIGNIFICANT ACCOUNT_19

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Segment Reporting (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Segment Reporting	Segment Reporting ASC 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s chief operating decision maker organizes segments within the Company for making operating decisions assessing performance and allocating resources. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. Management determined the Company’s operations constitute two reportable segments in accordance with ASC 280, business consultant services and software development.

Note 2 - SIGNIFICANT ACCOUNT_20

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Recently Issued Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2023
Policies
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In October 2021, the FASB issued Accounting Standards Update (“ASU”) No. 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This ASU clarifies that an acquirer of a business should recognize and measure contract assets and contract liabilities in a business combination in accordance with ASC Topic 606, “Revenue from Contracts with Customers”. This ASU is expected to improve comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. The new guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted ASU No. 2021-08 on January 1, 2023 and the adoption did not have a material impact on the Company’s unaudited consolidated financial statements.

Note 2 - SIGNIFICANT ACCOUNT_21

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Foreign Currency Translation: Schedule of Exchange Rates Used for Foreign Currency Translation (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Schedule of Exchange Rates Used for Foreign Currency Translation	(1) USD$1 = HKD Period Covered Balance Sheet Average Rates Nine months ended September 30, 2023 7.8308 7.8341 Nine months ended September 30, 2022 7.8498 7.8335 (2) USD$1 = MYR Period Covered Balance Sheet Average Rates Nine months ended September 30, 2023 4.6938 4.5124 Nine months ended September 30, 2022 4.6359 4.3431

Note 4 - ACCOUNTS RECEIVABLE_ S

Note 4 - ACCOUNTS RECEIVABLE: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Schedule of Accounts, Notes, Loans and Financing Receivable	Accounts receivable consists of the following: September 30, December 31, 2023 2022 Accounts receivable $ 3,782 $ - Accounts receivable-related parties - 2,054 Less: Allowance for doubtful accounts - - Accounts receivable, net $ 3,782 $ 2,054

Note 5 - PROPERTY, PLANT AND _2

Note 5 - PROPERTY, PLANT AND EQUIPMENT: Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Property, Plant and Equipment	September 30, December 31, 2023 2022 Office equipment and furniture 5,867 5,017 Computers and printers 11,267 12,019 Leasehold improvements 19,165 20,444 Total 36,299 37,480 Less: Accumulated depreciation (33,388) (32,923) Total property, plant and equipment, net $ 2,911 $ 4,557

Note 6 - ACCOUNTS PAYABLE_ Sche

Note 6 - ACCOUNTS PAYABLE: Schedule of Accounts Payable (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Schedule of Accounts Payable	September 30, December 31, 2023 2022 Accounts payable $ - $ 10,840 Accounts payable-related parties* 38,349 22,726 Total $ 38,349 $ 33,566

Note 7 - ACCRUED EXPENSES_ Sche

Note 7 - ACCRUED EXPENSES: Schedule of Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Schedule of Accrued Liabilities	September 30, December 31, 2023 2022 Accrued pension and employee benefit $ 37,546 $ 32,651 Accrued professional fees 255,554 140,001 Accrued office expenses 8,155 8,601 Total $ 301,255 $ 181,253

Note 8 - TAXES PAYABLE_ Schedul

Note 8 - TAXES PAYABLE: Schedule of Taxes Payable (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Schedule of Taxes Payable	September 30, December 31, 2023 2022 Malaysia income taxes payable $ 65,213 $ 115,947 Malaysia services taxes payable 160,020 170,750 Hong Kong income taxes payable 719,060 730,479 Total $ 944,293 $ 1,017,176

Note 9 - RELATED PARTY TRANSA_2

Note 9 - RELATED PARTY TRANSACTIONS: Schedule of Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Schedule of Related Party Transactions	September 30, December 31, 2023 2022 Mr. Yung Kong Chin $ 439,203 $ 610,557 Pantop Venture Capital SDN BHD 58,858 64,817 Ms. Tingting Gu 16,692 - Mr. Kar Yee Ong 20,432 - Total $ 535,185 $ 675,374

Note 9 - RELATED PARTY TRANSA_3

Note 9 - RELATED PARTY TRANSACTIONS: Schedule of Compensation paid to directors (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Schedule of Compensation paid to directors	For the Nine Months Ended September 30, 2023 2022 Mr. Yung Kong Chin $ 496,138 $ 615,902 Mr. Hua Fung Chin 51,576 49,196 Ms. Tingting Gu 20,424 - Mr. Kar Yee Ong 20,424 - Total $ 588,562 $ 665,098

Note 10 - LEASES_ Lessee, Opera

Note 10 - LEASES: Lessee, Operating Lease, Disclosure (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Lessee, Operating Lease, Disclosure	For the Nine Months Ended September 30, September 30, 2023 2022 Operating lease cost $ 12,482 $ 17,822 September 30, December 31, 2023 2022 Weighted Average Remaining Lease Term - Operating leases 1.0 years 0.81 years Weighted Average Discount Rate - Operating leases 8.00% 8.00%

Note 10 - LEASES_ Schedule of F

Note 10 - LEASES: Schedule of Future Minimum Payments for Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Schedule of Future Minimum Payments for Operating Leases	September 30, 2023 2023 $ 612 2024 347 Total lease payments 959 Less: imputed interest (19) Total lease liabilities 940 Less: current portion 940 Non-current lease liabilities $ -

Note 11 - INCOME TAXES_ Schedul

Note 11 - INCOME TAXES: Schedule of Components of Income Tax Expense (Benefit) (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	For the Nine Months ended September 30, September 30, 2023 2022 Current tax provision: United States $ - $ - Malaysia - 59,987 Hong Kong - 98,933 - 158,920 Deferred tax provision: United States - - Malaysia - - Hong Kong - - - - $ - $ 158,920

Note 12 - SEGMENT REPORTING_ Sc

Note 12 - SEGMENT REPORTING: Schedule of Segment Reporting Information, by Segment (Tables)	9 Months Ended
	Sep. 30, 2023
Tables/Schedules
Schedule of Segment Reporting Information, by Segment	For the Nine Months Ended September 30, September 30, 2023 2022 Revenue Consultant services $ 1,623,030 $ 839,374 Software development and maintenance services 81,253 101,310 1,704,283 940,684 Operating costs Consultant services 1,767,029 2,741,661 Software development and maintenance services 75,070 112,957 1,842,099 2,854,618 Income (loss) from operations Consultant services (43,999) (1,902,287) Software development and maintenance services 6,183 (11,647) (37,816) (1,913,934) Other income (expenses) Consultant services (372) 7,517 Software development and maintenance services - - (372) 7,517 Income (loss) before income tax expense Consultant services (44,371) (1,894,770) Software development and maintenance services 6,183 (11,647) (38,188) (1,906,417) Income tax expense Consultant services - 158,920 Software development and maintenance services - - - 158,920 Net income (loss) Consultant services (44,371) (2,053,690) Software development and maintenance services 6,183 (11,647) $ (38,188) $ (2,065,337) Capital expenditure Consultant services $ - $ 356 Software development and maintenance services 1,209 - $ 1,209 $ 356 September 30, December 31, 2023 2022 Total assets Consultant services $ 26,140 $ 10,284 Software development and maintenance services 13,817 21,476 Other 173,328 183,595 $ 213,285 $ 215,355

Note 2 - SIGNIFICANT ACCOUNT_22

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Foreign Currency Translation: Schedule of Exchange Rates Used for Foreign Currency Translation (Details)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Details
Hong Kong Dollar to United States Dollar Exchange Rate	7.8308	7.8498
Hong Kong Dollar to United States Dollar Exchange Average Rates	7.8341	7.8335
Malaysian Ringgit to United States Dollar Exchange Rates	4.6938	4.6359
Malaysian Ringgit to United States Dollar Exchange Average Rates	4.5124	4.3431

Note 2 - SIGNIFICANT ACCOUNT_23

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Property, Plant and Equipment (Details)	Sep. 30, 2023
Office Equipment
Finite-Lived Intangible Asset, Useful Life	10 years
Computer Equipment
Finite-Lived Intangible Asset, Useful Life	2 years 6 months
Leasehold Improvements
Finite-Lived Intangible Asset, Useful Life	5 years

Note 2 - SIGNIFICANT ACCOUNT_24

Note 2 - SIGNIFICANT ACCOUNTING POLICIES: Concentration of Credit Risk (Details)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Concentration Risk, Supplier	no vender accounted for more than 10% of the Company’s total purchase	no vender accounted for more than 10% of the Company’s total purchase
Revenue Benchmark
Customer A Accounted for Percentage of Revenue	95.20%	89.20%

Note 3 - GOING CONCERN (Details

Note 3 - GOING CONCERN (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Details
Net loss	$ (85,801)	$ 358,265	$ (234,276)	$ 363,978	$ 162,574	$ 1,538,785	$ 38,188	$ 2,065,337
Working capital deficit	1,710,090						1,710,090		$ 1,725,668
Retained Earnings (Accumulated deficit)	$ 3,053,721						$ 3,053,721		$ 3,013,236

Note 4 - ACCOUNTS RECEIVABLE__2

Note 4 - ACCOUNTS RECEIVABLE: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Details
Accounts receivable	$ 3,782	$ 0
Accounts receivable-related parties	0	2,054
Less: Allowance for doubtful accounts	0	0
Accounts receivable, net (Note 4)	$ 3,782	$ 2,054

Note 4 - ACCOUNTS RECEIVABLE (D

Note 4 - ACCOUNTS RECEIVABLE (Details)	9 Months Ended
	Sep. 30, 2022 USD ($)
Details
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	$ 0

Note 5 - PROPERTY, PLANT AND _3

Note 5 - PROPERTY, PLANT AND EQUIPMENT: Property, Plant and Equipment (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment, Gross	$ 36,299	$ 37,480
Less: Accumulated depreciation	(33,388)	(32,923)
Property, plant and equipment, net (Note 5)	2,911	4,557
Office Equipment
Property, Plant and Equipment, Gross	5,867	5,017
Computer Equipment
Property, Plant and Equipment, Gross	11,267	12,019
Leasehold Improvements
Property, Plant and Equipment, Gross	$ 19,165	$ 20,444

Note 5 - PROPERTY, PLANT AND _4

Note 5 - PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Details
Depreciation	$ 492	$ 1,130	$ 2,625	$ 3,497

Note 6 - ACCOUNTS PAYABLE_ Sc_2

Note 6 - ACCOUNTS PAYABLE: Schedule of Accounts Payable (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Accounts payable (Note 6)	$ 38,349	$ 33,566
Accounts Payable
Accounts payable (Note 6)	0	10,840
Accounts Payable, Related Parties
Accounts payable (Note 6)	$ 38,349	$ 22,726

Note 7 - ACCRUED EXPENSES_ Sc_2

Note 7 - ACCRUED EXPENSES: Schedule of Accrued Liabilities (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Details
Accrued pension and employee benefit	$ 37,546	$ 32,651
Accrued professional fees	255,554	140,001
Accrued office expenses	8,155	8,601
Accrued expenses (Note 7)	$ 301,255	$ 181,253

Note 8 - TAXES PAYABLE_ Sched_2

Note 8 - TAXES PAYABLE: Schedule of Taxes Payable (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Details
Malaysia income taxes payable	$ 65,213	$ 115,947
Malaysia services taxes payable	160,020	170,750
Hong Kong income taxes payable	719,060	730,479
Taxes payable (Note 8)	$ 944,293	$ 1,017,176

Note 9 - RELATED PARTY TRANSA_4

Note 9 - RELATED PARTY TRANSACTIONS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Management fees-related party (Note 9 (2))	$ 271	$ 119,217	$ 385,437	$ 939,903
Total general and administrative expenses	168,575	$ 283,732	975,918	1,460,119
Accounts payable (Note 6)	38,349		38,349		$ 33,566
Pantop Venture Capital SDN BHD
Total general and administrative expenses			29,918	$ 21,874
Accounts payable (Note 6)	$ 38,349		$ 38,349		$ 22,726

Note 9 - RELATED PARTY TRANSA_5

Note 9 - RELATED PARTY TRANSACTIONS: Schedule of Related Party Transactions (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Due to related parties (Note 9 (5))	$ 535,185	$ 675,374
Dr Yung Kong Chin, CEO
Due to related parties (Note 9 (5))	439,203	610,557
Pantop Venture Capital SDN BHD
Due to related parties (Note 9 (5))	58,858	64,817
Ms. Tingting Gu
Due to related parties (Note 9 (5))	16,692	0
Mr. Kar Yee Ong
Due to related parties (Note 9 (5))	$ 20,432	$ 0

Note 9 - RELATED PARTY TRANSA_6

Note 9 - RELATED PARTY TRANSACTIONS: Schedule of Compensation paid to directors (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Compensation paid to directors	$ 588,562	$ 665,098
Dr Yung Kong Chin, CEO
Compensation paid to directors	496,138	615,902
Mr. Hua Fung Chin
Compensation paid to directors	51,576	49,196
Ms. Tingting Gu
Compensation paid to directors	20,424	0
Mr. Kar Yee Ong
Compensation paid to directors	$ 20,424	$ 0

Note 10 - LEASES_ Lessee, Ope_2

Note 10 - LEASES: Lessee, Operating Lease, Disclosure (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Details
Operating Lease, Cost	$ 12,482	$ 17,822
Operating Lease, Weighted Average Remaining Lease Term	1 year		9 months 21 days
Finance Lease, Weighted Average Discount Rate, Percent	8%		8%

Note 10 - LEASES_ Schedule of_2

Note 10 - LEASES: Schedule of Future Minimum Payments for Operating Leases (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Details
Capital Leases, Future Minimum Payments, Next Rolling 12 Months	$ 612
Capital Leases, Future Minimum Payments, Due in Rolling Year Two	347
Capital Leases, Future Minimum Payments Due	959
Imputed Interest	(19)
Operating Lease, Liability	940
Operating lease liabilities - current (Note 10)	940	$ 14,796
Operating lease liabilities - noncurrent (Note 10)	$ 0	$ 357

Note 11 - INCOME TAXES (Details

Note 11 - INCOME TAXES (Details)	9 Months Ended
	Sep. 30, 2023 USD ($)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%
Taxable Income	$ 150,000
Malaysia
Enterprise Income Tax Rate	24%
Hong Kong
Income Tax Rate on first HKD 2,000,000 Profits	8.25%
Income Tax Rate on remaining profits	16.50%

Note 11 - INCOME TAXES_ Sched_2

Note 11 - INCOME TAXES: Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Current Federal Tax Expense (Benefit)			$ 0	$ 98,933
Deferred Tax Liabilities, Deferred Expense	$ 0	$ 0	0	0
Provision for Income Tax	(19,202)	48,926	0	158,920
United States
Deferred Tax Liabilities, Deferred Expense	0	0	0	0
Malaysia
Current Federal Tax Expense (Benefit)			0	0
Deferred Tax Liabilities, Deferred Expense	0	0	0	0
Hong Kong
Current Federal Tax Expense (Benefit)			0	59,987
Deferred Tax Liabilities, Deferred Expense	$ 0	$ 0	$ 0	$ 0

Note 12 - SEGMENT REPORTING_ _2

Note 12 - SEGMENT REPORTING: Schedule of Segment Reporting Information, by Segment (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Total revenue	$ 558,944			$ 214,647			$ 1,704,283	$ 940,684
Operating Costs and Expenses							1,842,099	2,854,618
Income (Loss) from Operation	67,779			(315,076)			(37,816)	(1,913,934)
Total Other Income (Expenses)	(1,180)			24			(372)	7,517
Loss before Provision for Income Tax	66,599			(315,052)			(38,188)	(1,906,417)
Provision for Income Tax	(19,202)			48,926			0	158,920
Net loss	85,801	$ (358,265)	$ 234,276	$ (363,978)	$ (162,574)	$ (1,538,785)	(38,188)	(2,065,337)
Capital expenditure							1,209	356
Total Assets	213,285						213,285		$ 215,355
Consultant services
Total revenue							1,623,030	839,374
Operating Costs and Expenses							1,767,029	2,741,661
Income (Loss) from Operation							(43,999)	(1,902,287)
Total Other Income (Expenses)							(372)	7,517
Loss before Provision for Income Tax							(44,371)	(1,894,770)
Provision for Income Tax							0	158,920
Net loss							(44,371)	(2,053,690)
Capital expenditure							0	356
Total Assets	26,140						26,140		10,284
Software development
Total revenue							81,253	101,310
Operating Costs and Expenses							75,070	112,957
Income (Loss) from Operation							6,183	(11,647)
Total Other Income (Expenses)							0	0
Loss before Provision for Income Tax							6,183	(11,647)
Provision for Income Tax							0	0
Net loss							6,183	(11,647)
Capital expenditure							1,209	$ 0
Total Assets	13,817						13,817		21,476
Other
Total Assets	$ 173,328						$ 173,328		$ 183,595

Note 13 - EQUITY CAPITAL (Detai

Note 13 - EQUITY CAPITAL (Details) - USD ($)	Feb. 13, 2023	Feb. 12, 2020	Sep. 30, 2023	Dec. 31, 2022	Oct. 07, 2020
Details
Common Stock, Shares Authorized			750,000,000	750,000,000	760,000,000
Common Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized			10,000,000	10,000,000	10,000,000
Preferred Stock, Par or Stated Value Per Share			$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, Shares, Issued		300,000,000	301,015,600	301,000,100
Director Fees		$ 30,000
Stock Issued During Period, Shares, Acquisitions	1,000,100
Common Stock, Shares, Outstanding			301,015,600	301,000,100

Note 14 - CONVERTIBLE PROMISS_2

Note 14 - CONVERTIBLE PROMISSORY NOTE (Details)	Oct. 30, 2020 USD ($) $ / shares
Details
Debt Instrument, Annual Principal Payment | $	$ 1,500,000
Convertible Principal Percentage	8%
Share Price | $ / shares	$ 1.50