AsiaFIN (ASFH) 10-KT 30 Mar 22 2021 FY Annual report (with FYE transition) Financial data

Cover

Cover - USD ($)	4 Months Ended
	Dec. 31, 2021	Feb. 28, 2021
Cover [Abstract]
Document Type	10-KT
Amendment Flag	false
Document Annual Report	false
Document Transition Report	true
Document Period Start Date	Sep. 1, 2021
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	333-230479
Entity Registrant Name	ASIAFIN HOLDINGS CORP.
Entity Central Index Key	0001828748
Entity Tax Identification Number	37-1950147
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Suite 30.02, 30th Floor
Entity Address, Address Line Two	Menara KH (Promet)
Entity Address, Address Line Three	Jalan Sultan Ismail
Entity Address, City or Town	Kuala Lumpur
Entity Address, Country	MY
Entity Address, Postal Zip Code	50250
City Area Code	603
Local Phone Number	21487170
Title of 12(b) Security	Common Stock
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding	73,319,800
Auditor Name	JP CENTURION & PARTNERS PLT
Auditor Firm ID	6723
Auditor Location	Kuala Lumpur, Malaysia

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Aug. 31, 2021	Aug. 31, 2020
CURRENT ASSETS
Deposits, prepayments and other receivables	$ 1,249	$ 1,249	$ 1,249
Account receivables		6,000	18,000
Cash and cash equivalents	980,681	1,013,147	514,231
Total Current Assets	981,930	1,020,396	533,480
TOTAL ASSETS	981,930	1,020,396	533,480
CURRENT LIABILITIES
Account payable	4,200	4,200	12,600
Income tax payable			644
Other payables and accrued liabilities	9,000	8,149	11,709
Total Current Liabilities	13,200	12,349	24,953
TOTAL LIABILITIES	13,200	12,349	24,953
STOCKHOLDERS’ EQUITY
Preferred shares, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common stock, $0.0001 par value, 600,000,000 shares authorized, 73,319,800 and 72,482,500 shares issued and outstanding as of December 31, 2021, and August 31, 2021, 2020	7,332	7,332	7,248
Additional paid-in capital	1,413,268	1,413,268	576,052
Accumulated deficit	(451,870)	(412,553)	(74,773)
TOTAL STOCKHOLDERS’ EQUITY	968,730	1,008,047	508,527
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 981,930	$ 1,020,396	$ 533,480

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2021	Aug. 31, 2021	Aug. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000	200,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Common stock, par value	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, authorized	600,000,000	600,000,000	600,000,000
Common stock, issued	73,319,800	73,319,800	72,482,500
Common stock, outstanding	73,319,800	73,319,800	72,482,500

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	4 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Aug. 31, 2021	Aug. 31, 2020
Income Statement [Abstract]
REVENUE		$ 38,000	$ 38,000	$ 18,000
COST OF REVENUE		(26,600)	(26,600)	(12,600)
GROSS PROFIT		11,400	11,400	5,400
OTHER INCOME	43	16	60	10,146
SELLING AND MARKETING EXPENSES				(3,052)
GENERAL AND ADMINISTRATIVE EXPENSES	(39,360)	(11,000)	(349,883)	(86,623)
LOSS/ (PROFIT) BEFORE INCOME TAX	(39,317)	416	(338,423)	(74,129)
INCOME TAXES EXPENSE			643	(644)
NET LOSS	(39,317)	416	(337,780)	(74,773)
Other comprehensive income/(loss):
- Foreign exchange adjustment gain/(loss)
COMPREHENSIVE LOSS	$ (39,317)	$ 416	$ (337,780)	$ (74,773)
Net loss per share- Basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding - Basic and diluted	73,319,800	72,482,500	72,634,967	48,379,883

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Foreign Exchange Translation Adjustment [Member]	Merger Reserve [Member]	Retained Earnings [Member]	Total
Balance at Aug. 31, 2019	$ 10			$ 2		$ 12
Balance, shares at Aug. 31, 2019	100,000
Transaction with owner				(2)		(2)
Issuance of share capital - founder’s shares	$ 6,790					6,790
Issuance of share capital - founder's shares, shares	67,900,000
Share issued in private placement completed On 30 June, 2020 at $0.10 per share	$ 320	319,680				320,000
Share issued in private placement completed On 30 June, 2020 at $0.10 per share, shares	3,200,000
Shares issued in private placement completed on August 14, 2020 at $0.20 per share	$ 128	256,372				256,500
Shares issued in private placement completed on August 14, 2020 at $0.20 per share, shares	1,282,500
Foreign currency translation loss
Net loss					(74,773)	(74,773)
Balance at Aug. 31, 2020	$ 7,248	576,052			(74,773)	508,527
Balance, shares at Aug. 31, 2020	72,482,500
Net loss					(337,780)	(337,780)
Share issued in initial public offering completed on August 4, 2021 at $1.00 per share	$ 84	837,216				837,300
Share issued in initial public offering completed on August 4, 2021at $1.00 per share, shares	837,300
Balance at Aug. 31, 2021	$ 7,332	1,413,268			(412,553)	1,008,047
Balance, shares at Aug. 31, 2021	73,319,800
Net loss					(39,317)	(39,317)
Balance at Dec. 31, 2021	$ 7,332	$ 1,413,268			$ (451,870)	$ 968,730
Balance, shares at Dec. 31, 2021	73,319,800

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	Aug. 04, 2021	Aug. 14, 2020	Jun. 30, 2020
Statement of Stockholders' Equity [Abstract]
Shares issued, price per share	$ 1	$ 0.20	$ 0.10

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($)	4 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Aug. 31, 2021	Aug. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (39,317)	$ 416	$ (337,780)	$ (74,773)
Changes in operating assets and liabilities:
Accounts receivable	6,000	(3,219)	12,000	(18,000)
Accounts payable		10,500	(8,400)	12,600
Deposits, prepayments and other receivables				(1,249)
Income tax payable		(644)	(644)	644
Other payables and accrued liabilities	851	(224)	(3,560)	11,709
Net cash (used in)/ generated from operating activities	(32,466)	6,829	(338,384)	(69,069)
CASH FLOWS FROM FINANCING ACTIVITIES:
Share subscriptions receipts			837,300	583,288
Net cash provided by financing activities			837,300	583,288
Effect of exchange rate changes on cash and cash equivalents
Net change in cash and cash equivalents	(32,466)	6,829	498,916	514,219
Cash and cash equivalents, beginning of year	1,013,147	514,231	514,231	12
CASH AND CASH EQUIVALENTS, END OF YEAR	980,681	521,060	1,013,147	514,231
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid
Interest paid

ORGANIZATION AND BUSINESS BACKG

ORGANIZATION AND BUSINESS BACKGROUND	4 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS BACKGROUND	1. ORGANIZATION AND BUSINESS BACKGROUND AsiaFIN Holdings Corp., a Nevada corporation (“the Company”) was incorporated under the laws of the State of Nevada on June 14, 2019. On June 14, 2019, Mr. Wong Kai Cheong was appointed Chief Executive Officer, President, Secretary, Treasurer and Director. On September 18, 2020, Mr. Seah Kok Wah was appointed Director of the Company. On December 18, 2019, we, “the Company” acquired 100 1 On December 23, 2019, AsiaFIN Holdings Corp., Malaysia Company acquired AsiaFIN Holdings Limited (herein referred to as the “Hong Kong Company”), a private limited company incorporated in Hong Kong. In consideration of the equity interests of AsiaFIN Holdings Limited our Chief Executive Officer, Mr. Wong was compensated $ 1 Details of the Company’s subsidiary: SCHEDULE OF SUBSIDIARIES Company name Place and date of incorporation Particulars of issued capital Principal activities Proportional of ownership interest and voting power held 1. AsiaFIN Holdings Corp. Labuan / July 15, 2019 1 1 Investment holding and consulting services pertaining to market studies and financial solutions. 100 % 2. AsiaFIN Holdings Limited Hong Kong/ 1 1 Consultancy Services on market studies and financial solutions. 100 % Business Overview AsiaFIN Holdings Corp. is currently providing market research studies and consulting services pertaining to system solutions and integration of unattended payment kiosks and payment processing to our clients. Our present clients, who are related parties, are payment solution companies located in Malaysia, although we intend to provide services to other geographic regions in the future. We have additional plans to develop our own software, which we anticipate we will be able to be merge and integrate onto such Payment Processing or Unattended Payment Kiosk, to accept payments and collect data. Additionally, we have plans, which we are still developing and exploring, to create Web-Based Solutions in four areas which include Payment Processing, Regulatory Technology (REGTECH), Robotic Process Automation (RPA) and Unattended Payment Kiosks for financial institutions, and other industries. We refer to the four pillars of our business as “Focus Solutions”. A further elaboration will be discussed under the “Description of Business” below. Later, we may decide to expand upon our current plans and may also explore options of developing additional software types. We intend to utilize existing and future relationships that may be gained by our officers and directors as a means to expand our reach across the Southeast Asia region, which has a population of approximately 660 million individuals. We believe this market provides us a large pool of businesses that may benefit from our current and future service offerings and or software that may become available as our business plan progresses.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	4 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes. Basis of presentation The consolidated financial statements for AsiaFIN Holdings Corp. and its subsidiaries for the year ended August 31, 2021 and 2020 and for the period ended December 31, 2021 and 2020 are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of AsiaFIN Holdings Corp. and its wholly owned subsidiaries, AsiaFIN Holdings Corp. and AsiaFIN Holdings Limited. Intercompany accounts and transactions have been eliminated on consolidation. The Company has changed August 31 to December 31 as its fiscal year end. Basis of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries in which the Company is the primary beneficiary. All inter-company accounts and transactions have been eliminated upon consolidation. Use of estimates Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates. Revenue recognition In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, the Company recognizes revenue from sales of goods following five steps: (1) identify the contract with a customer; (2) Identify performance obligations in the contract; (3) determine the transaction price; (4) Allocate the transaction price; and (5) recognize revenue when performance obligation are satisfied. Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of providing system development advisory services, market research and marketing surveys regarding unattended kiosk and payment processing preferences Cost of revenue Cost of revenue includes the cost incurred in providing system development advisory services, market research and marketing surveys regarding unattended kiosk and payment processing preferences Cash and cash equivalents Cash and cash equivalents represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. Income taxes The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. Going concern The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the four months period ended December 31, 2021, the Company incurred a net loss of $ 39,317 32,466 The Company does not have sufficient revenue to cover its operating cost due to the research and development activities performed in the initial stage. The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its major shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. No assurance can be given that any future financing, if needed, will be available. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability in profitability that may result in the Company not being able to continue as a going concern. ASIAFIN HOLDINGS CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 AND 2020 (Currency expressed in United States Dollars (“US$”), except for number of shares) Net income/(loss) per share The Company calculates net loss per share in accordance with ASC Topic 260 “ Earnings per share Foreign currencies translation The reporting currency of the Company and its subsidiaries in Labuan and Hong Kong are United States Dollars (“US$”), being the primary currency of the economic environment in which these entities operate. 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. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from RM into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN EXCHANGE RATE As of and for the period ended As of and for the year ended 2021 2022 2021 2020 Year-end RM : US$1 exchange rate 4.17 4.02 4.16 4.16 Year-average RM : US$1 exchange rate 4.17 4.10 4.18 4.22 Year-end HK$: US$1 exchange rate 7.80 7.75 7.77 7.75 Year-average HK$ : US$1 exchange rate 7.79 7.75 7.77 7.78 Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. ASIAFIN HOLDINGS CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 AND 2020 (Currency expressed in United States Dollars (“US$”), except for number of shares) Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, subscription receivables, prepayment and deposits, accounts payable, and other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations. ASIAFIN HOLDINGS CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 AND 2020 (Currency expressed in United States Dollars (“US$”), except for number of shares)

COMMON STOCK

COMMON STOCK	4 Months Ended
	Dec. 31, 2021
Equity [Abstract]
COMMON STOCK	3. COMMON STOCK On June 14, 2019, the founder of the Company, Mr. Wong purchased 100,000 0.0001 10 On December 20, 2019, the Company issued 21,900,000 0.0001 2,190 On December 20, 2019, the Company issued 21,850,000 0.0001 2,185 On December 20, 2019, the Company issued 10,000,000 0.0001 1,000 On December 20, 2019, the Company issued 8,000,000 0.0001 800 On December 20, 2019, the Company issued 5,000,000 0.0001 500 On December 23, 2019, the Company issued 500,000 0.0001 50 On December 23, 2019, the Company issued 300,000 0.0001 30 On December 23, 2019, the Company issued 300,000 0.0001 30 On December 23, 2019, the Company issued 50,000 0.0001 5 Between the period February 7, 2020 to June 30, 2020, the Company sold shares to 27 foreign parties, all of which do not reside in the United States. A total of 3,200,000 0.10 320,000 Between the period July 20, 2020 to August 14, 2020, the Company sold shares to 46 foreign parties, all of which do not reside in the United States. A total of 1,282,500 0.20 256,500 Between the period April 27, 2021 to July 30, 2021, the Company issued 837,300 1.00 As of December 31, 2021, AsiaFIN Holdings Corp. has an issued and outstanding common share of 73,319,800 ASIAFIN HOLDINGS CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 AND AUGUST 31, 2021 (Currency expressed in United States Dollars (“US$”), except for number of shares)

OTHER PAYABLES AND ACCRUED LIAB

OTHER PAYABLES AND ACCRUED LIABILITIES	4 Months Ended
	Dec. 31, 2021
Other Payables And Accrued Liabilities
OTHER PAYABLES AND ACCRUED LIABILITIES	4. OTHER PAYABLES AND ACCRUED LIABILITIES Accounts payable and accrued expenses consisted of the followings at December 31, 2021, August 31, 2021 and August 31, 2020. SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES 2021 (Audited) 2021 (Audited) 2020 (Audited) As of December 31, As of August 31, 2021 (Audited) 2021 (Audited) 2020 (Audited) Accrued audit fees 7,500 7,500 10,000 Other payable 1,500 649 1,709 Total payables and accrued liabilities $ 9,000 $ 8,149 $ 11,709

OTHER RECEIVABLES

OTHER RECEIVABLES	4 Months Ended
	Dec. 31, 2021
Other Receivables
OTHER RECEIVABLES	5. OTHER RECEIVABLES SCHEDULE OF OTHER RECEIVABLES 2021 (Audited) 2021 (Audited) 2020 (Audited) As of December 31, As of August 31, 2021 (Audited) 2021 (Audited) 2020 (Audited) Other receivables 1,249 1,249 1,249 Total other receivables $ 1,249 $ 1,249 $ 1,249 The amount of $ 1,249

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	4 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
ACCOUNTS RECEIVABLE	6. ACCOUNTS RECEIVABLE Accounts receivable consisted of the followings as at December 31, 2021, August 31, 2021 and August 31, 2020. SCHEDULE OF ACCOUNTS RECEIVABLE 2021 (Audited) 2021 (Audited) 2020 (Audited) As of December 31, As of August 31, 2021 (Audited) 2021 (Audited) 2020 (Audited) Accounts receivable - 6,000 18,000 Total accounts receivable $ - $ 6,000 $ 18,000 The accounts receivable are related party outstanding balances. The revenue is generated from providing consulting services on market study pertaining to payment processing trends in Asia and also market studies and advisory on user preferences pertaining to payment kiosks in Southeast Asia market. ASIAFIN HOLDINGS CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED FROM SEPTEMBER 1, 2021 TO DECEMBER 31, 2021, 2020 AND 12 MONTHS ENDED AUGUST 31, 2021, 2020 (Currency expressed in United States Dollars (“US$”), except for number of shares)

INCOME TAXES

INCOME TAXES	4 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	7. INCOME TAXES The local (United States) and foreign components of loss before income taxes were comprised of the following: SCHEDULE OF COMPONENTS OF LOSS BEFORE INCOME TAXES For the period ended December 31 For the year ended 2021 (Audited) 2020 (Unaudited) 2021 (Audited) 2020 (Audited) Tax jurisdictions from: - Local $ (25,525 ) $ (7,542 ) $ (336,715 ) $ (85,526 ) - Foreign, representing Labuan (8,951 ) (1,901 ) (10,168 ) 7,497 Hong Kong (4,841 ) 9,859 8,460 3,900 Loss before income tax $ (39,317 ) $ 416 $ (338,423 ) $ (74,129 ) The provision for income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAXES 2021 (Audited) 2020 2021 (Audited) 2020 (Audited) For the period ended December 31 For the year ended August 31 2021 (Audited) 2020 2021 (Audited) 2020 (Audited) Current: - Local $ - $ - $ - $ - - Foreign - - 643 (644 ) Deferred: - Local - - - - - Foreign - - - - Income tax expense $ - $ - $ 643 $ (644 ) The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States, Labuan and Hong Kong that are subject to taxes in the jurisdictions in which they operate, as follows: United States of America The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of December 31, 2021, the operations in the United States of America incurred $ 451,870 94,893 Labuan Under the current laws of the Labuan, AsiaFIN Holdings Corp. is governed under the Labuan Business Activity Act, 1990. The tax charge for such company is based on 3 Hong Kong AsiaFIN Holdings Corp. is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED FROM SEPTEMBER 1, 2021 TO DECEMBER 31, 2021, 2020 AND 12 MONTHS ENDED AUGUST 31, 2021, 2020 (Currency expressed in United States Dollars (“US$”), except for number of shares)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	4 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	8. COMMITMENTS AND CONTINGENCIES As of December 31, 2021, the Company has no commitments or contingencies involved.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	4 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	9. RELATED PARTY TRANSACTIONS For the year ended August 31, 2021 and 2020 the Company has following transactions with related parties: SCHEDULE OF RELATED PARTY TRANSACTIONS For the year ended (Audited) For the year ended August 31, 2020 (Audited) Professional Fees - SEATech Ventures (HK) Limited 1 $ 280,000 $ 70,000 - Tan Hock Chye 2 $ 7,200 $ - Revenue - Insite MY Systems Sdn Bhd 1 $ 17,000 $ 11,000 - GLS IT Solution Sdn Bhd 1 $ 21,000 $ 7,000 Total $ 325,200 $ 88,000 For the period ended December 31, 2021 and 2020 the Company has following transactions with related parties: For the period ended (Audited) For the period ended December 31, 2020 (Unaudited) Professional Fees - SEATech Ventures (HK) Limited 1 $ 25,000 $ - - Tan Hock Chye 2 $ - $ 4,800 Revenue - Insite MY Systems Sdn Bhd 1 $ - $ 17,000 - GLS IT Solution Sdn Bhd 1 $ - $ 21,000 Total $ 25,000 $ 42,800 1 Mr Wong, Kai Cheong, our Chief Executive Officer, is the Director of Insite MY Systems Sdn Bhd while Mr. Seah, Kok Wah, our Director, is the Director of GLS IT Solutions Sdn Bhd and SEATech Ventures Corp. SEATech Ventures Corp. is a shareholder of the Company and also the holding company of SEATech Ventures (HK) Limited. 2 Mr Tan Hock Chye is one of the shareholders of the Company.

CONCENTRATIONS OF RISKS

CONCENTRATIONS OF RISKS	4 Months Ended
	Dec. 31, 2021
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF RISKS	10. CONCENTRATIONS OF RISKS (a) Major customers For the year ended August 31, 2021, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at year-end are presented as follows: SCHEDULE OF CONCENTRATION OF RISK For the year ended August 31 2021 2020 2021 2020 2021 2020 Revenues Percentage of Revenues Accounts Receivable, Trade Customer A $ 17,000 $ 11,000 45 % 61 % $ - $ 11,000 Customer B $ 21,000 $ 7,000 55 % 39 % $ 6,000 $ 7,000 $ 38,000 $ 18,000 100 % 100 % $ 6,000 $ 18,000 For the period ended December 31, 2021, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at year-end are presented as follows: For the period ended December 31 2021 2020 2021 2020 2021 2020 Revenues Percentage of Revenues Accounts Receivable, Trade Customer A $ - $ 17,000 - % 45 % $ - $ 219 Customer B $ $ 21,000 - % 55 % $ $ 21,000 $ - $ 38,000 - % 100 % $ - $ 18,000 (b) Major vendors For the year ended August 31, 2021 and 2020, the vendors who accounted for 10% or more of the Company’s purchases and its accounts payable balance at year-end are presented as follows: SCHEDULE OF CONCENTRATION OF RISK For the year ended August 31 2021 2020 2021 2020 2021 2020 Purchases Percentage of purchases Accounts payable, trade Vendor A $ 11,900 $ 7,700 45 % 61 % $ - 7,700 Vendor B $ 14,700 $ 4,900 55 % 39 % $ 4,200 4,900 $ 26,600 $ 12,600 100 % 100 % $ 4,200 12,600 For the period ended December 31, 2021 and 2020, the vendors who accounted for 10% or more of the Company’s purchases and its accounts payable balance at year-end are presented as follows: For the period ended December 31 2021 2020 2021 2020 2021 2020 Purchases Percentage of purchases Accounts payable, trade Vendor A $ - $ 11,900 - % 45 % $ - 8,400 Vendor B $ - $ 14,700 - % 55 % $ 4,200 14,700 $ - $ 26,600 - % 100 % $ 4,200 23,100 Vendor A provides market research and surveys pertaining to payment process trends in Asia and Vendor B provides us analytic tools to facilitate market research pertaining to payment kiosk as well as market surveys of the urban areas in which the kiosks are currently located or may be installed in the future. The vendors are unrelated third parties. (c) Credit risk Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its account receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.

SEGMENT INFORMATION

SEGMENT INFORMATION	4 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION	11. SEGMENT INFORMATION ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. The Company is identified to have no

SIGNIFICANT EVENT

SIGNIFICANT EVENT	4 Months Ended
	Dec. 31, 2021
Significant Event
SIGNIFICANT EVENT	12. SIGNIFICANT EVENT During the fiscal year, the World Health Organization declared the Coronavirus (COVID-19) outbreak to be a pandemic, which has caused severe global social and economic disruptions and uncertainties, including markets where the Company operates. The Company considers this outbreak as non-adjusting-events. The consequences brought about by Covid-19 continue to evolve and whilst the Company actively monitoring and managing its operations to respond to these changes, the Company does not consider it practicable to provide any quantitative estimate on the potential impact it may have on the Company.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	4 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS In accordance with ASC Topic 855, “ Subsequent Events

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	4 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The consolidated financial statements for AsiaFIN Holdings Corp. and its subsidiaries for the year ended August 31, 2021 and 2020 and for the period ended December 31, 2021 and 2020 are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of AsiaFIN Holdings Corp. and its wholly owned subsidiaries, AsiaFIN Holdings Corp. and AsiaFIN Holdings Limited. Intercompany accounts and transactions have been eliminated on consolidation. The Company has changed August 31 to December 31 as its fiscal year end.
Basis of consolidation	Basis of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries in which the Company is the primary beneficiary. All inter-company accounts and transactions have been eliminated upon consolidation.
Use of estimates	Use of estimates Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.
Revenue recognition	Revenue recognition In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, the Company recognizes revenue from sales of goods following five steps: (1) identify the contract with a customer; (2) Identify performance obligations in the contract; (3) determine the transaction price; (4) Allocate the transaction price; and (5) recognize revenue when performance obligation are satisfied. Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of providing system development advisory services, market research and marketing surveys regarding unattended kiosk and payment processing preferences
Cost of revenue	Cost of revenue Cost of revenue includes the cost incurred in providing system development advisory services, market research and marketing surveys regarding unattended kiosk and payment processing preferences
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Income taxes	Income taxes The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.
Going concern	Going concern The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the four months period ended December 31, 2021, the Company incurred a net loss of $ 39,317 32,466 The Company does not have sufficient revenue to cover its operating cost due to the research and development activities performed in the initial stage. The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its major shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. No assurance can be given that any future financing, if needed, will be available. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability in profitability that may result in the Company not being able to continue as a going concern. ASIAFIN HOLDINGS CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 AND 2020 (Currency expressed in United States Dollars (“US$”), except for number of shares)
Net income/(loss) per share	Net income/(loss) per share The Company calculates net loss per share in accordance with ASC Topic 260 “ Earnings per share
Foreign currencies translation	Foreign currencies translation The reporting currency of the Company and its subsidiaries in Labuan and Hong Kong are United States Dollars (“US$”), being the primary currency of the economic environment in which these entities operate. 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. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from RM into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN EXCHANGE RATE As of and for the period ended As of and for the year ended 2021 2022 2021 2020 Year-end RM : US$1 exchange rate 4.17 4.02 4.16 4.16 Year-average RM : US$1 exchange rate 4.17 4.10 4.18 4.22 Year-end HK$: US$1 exchange rate 7.80 7.75 7.77 7.75 Year-average HK$ : US$1 exchange rate 7.79 7.75 7.77 7.78
Related parties	Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. ASIAFIN HOLDINGS CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 AND 2020 (Currency expressed in United States Dollars (“US$”), except for number of shares)
Fair value of financial instruments	Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, subscription receivables, prepayment and deposits, accounts payable, and other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
Recent accounting pronouncements	Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

ORGANIZATION AND BUSINESS BAC_2

ORGANIZATION AND BUSINESS BACKGROUND (Tables)	4 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF SUBSIDIARIES	SCHEDULE OF SUBSIDIARIES Company name Place and date of incorporation Particulars of issued capital Principal activities Proportional of ownership interest and voting power held 1. AsiaFIN Holdings Corp. Labuan / July 15, 2019 1 1 Investment holding and consulting services pertaining to market studies and financial solutions. 100 % 2. AsiaFIN Holdings Limited Hong Kong/ 1 1 Consultancy Services on market studies and financial solutions. 100 %

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	4 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SCHEDULE OF FOREIGN EXCHANGE RATE	SCHEDULE OF FOREIGN EXCHANGE RATE As of and for the period ended As of and for the year ended 2021 2022 2021 2020 Year-end RM : US$1 exchange rate 4.17 4.02 4.16 4.16 Year-average RM : US$1 exchange rate 4.17 4.10 4.18 4.22 Year-end HK$: US$1 exchange rate 7.80 7.75 7.77 7.75 Year-average HK$ : US$1 exchange rate 7.79 7.75 7.77 7.78

OTHER PAYABLES AND ACCRUED LI_2

OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)	4 Months Ended
	Dec. 31, 2021
Other Payables And Accrued Liabilities
SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES	SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES 2021 (Audited) 2021 (Audited) 2020 (Audited) As of December 31, As of August 31, 2021 (Audited) 2021 (Audited) 2020 (Audited) Accrued audit fees 7,500 7,500 10,000 Other payable 1,500 649 1,709 Total payables and accrued liabilities $ 9,000 $ 8,149 $ 11,709

OTHER RECEIVABLES (Tables)

OTHER RECEIVABLES (Tables)	4 Months Ended
	Dec. 31, 2021
Other Receivables
SCHEDULE OF OTHER RECEIVABLES	SCHEDULE OF OTHER RECEIVABLES 2021 (Audited) 2021 (Audited) 2020 (Audited) As of December 31, As of August 31, 2021 (Audited) 2021 (Audited) 2020 (Audited) Other receivables 1,249 1,249 1,249 Total other receivables $ 1,249 $ 1,249 $ 1,249

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	4 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
SCHEDULE OF ACCOUNTS RECEIVABLE	Accounts receivable consisted of the followings as at December 31, 2021, August 31, 2021 and August 31, 2020. SCHEDULE OF ACCOUNTS RECEIVABLE 2021 (Audited) 2021 (Audited) 2020 (Audited) As of December 31, As of August 31, 2021 (Audited) 2021 (Audited) 2020 (Audited) Accounts receivable - 6,000 18,000 Total accounts receivable $ - $ 6,000 $ 18,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	4 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
SCHEDULE OF COMPONENTS OF LOSS BEFORE INCOME TAXES	The local (United States) and foreign components of loss before income taxes were comprised of the following: SCHEDULE OF COMPONENTS OF LOSS BEFORE INCOME TAXES For the period ended December 31 For the year ended 2021 (Audited) 2020 (Unaudited) 2021 (Audited) 2020 (Audited) Tax jurisdictions from: - Local $ (25,525 ) $ (7,542 ) $ (336,715 ) $ (85,526 ) - Foreign, representing Labuan (8,951 ) (1,901 ) (10,168 ) 7,497 Hong Kong (4,841 ) 9,859 8,460 3,900 Loss before income tax $ (39,317 ) $ 416 $ (338,423 ) $ (74,129 )
SCHEDULE OF PROVISION FOR INCOME TAXES	SCHEDULE OF PROVISION FOR INCOME TAXES 2021 (Audited) 2020 2021 (Audited) 2020 (Audited) For the period ended December 31 For the year ended August 31 2021 (Audited) 2020 2021 (Audited) 2020 (Audited) Current: - Local $ - $ - $ - $ - - Foreign - - 643 (644 ) Deferred: - Local - - - - - Foreign - - - - Income tax expense $ - $ - $ 643 $ (644 )

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	4 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
SCHEDULE OF RELATED PARTY TRANSACTIONS	For the year ended August 31, 2021 and 2020 the Company has following transactions with related parties: SCHEDULE OF RELATED PARTY TRANSACTIONS For the year ended (Audited) For the year ended August 31, 2020 (Audited) Professional Fees - SEATech Ventures (HK) Limited 1 $ 280,000 $ 70,000 - Tan Hock Chye 2 $ 7,200 $ - Revenue - Insite MY Systems Sdn Bhd 1 $ 17,000 $ 11,000 - GLS IT Solution Sdn Bhd 1 $ 21,000 $ 7,000 Total $ 325,200 $ 88,000 For the period ended December 31, 2021 and 2020 the Company has following transactions with related parties: For the period ended (Audited) For the period ended December 31, 2020 (Unaudited) Professional Fees - SEATech Ventures (HK) Limited 1 $ 25,000 $ - - Tan Hock Chye 2 $ - $ 4,800 Revenue - Insite MY Systems Sdn Bhd 1 $ - $ 17,000 - GLS IT Solution Sdn Bhd 1 $ - $ 21,000 Total $ 25,000 $ 42,800 1 Mr Wong, Kai Cheong, our Chief Executive Officer, is the Director of Insite MY Systems Sdn Bhd while Mr. Seah, Kok Wah, our Director, is the Director of GLS IT Solutions Sdn Bhd and SEATech Ventures Corp. SEATech Ventures Corp. is a shareholder of the Company and also the holding company of SEATech Ventures (HK) Limited. 2 Mr Tan Hock Chye is one of the shareholders of the Company.

CONCENTRATIONS OF RISKS (Tables

CONCENTRATIONS OF RISKS (Tables)	4 Months Ended
	Dec. 31, 2021
Customer Concentration Risk [Member]
Concentration Risk [Line Items]
SCHEDULE OF CONCENTRATION OF RISK	For the year ended August 31, 2021, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at year-end are presented as follows: SCHEDULE OF CONCENTRATION OF RISK For the year ended August 31 2021 2020 2021 2020 2021 2020 Revenues Percentage of Revenues Accounts Receivable, Trade Customer A $ 17,000 $ 11,000 45 % 61 % $ - $ 11,000 Customer B $ 21,000 $ 7,000 55 % 39 % $ 6,000 $ 7,000 $ 38,000 $ 18,000 100 % 100 % $ 6,000 $ 18,000 For the period ended December 31, 2021, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at year-end are presented as follows: For the period ended December 31 2021 2020 2021 2020 2021 2020 Revenues Percentage of Revenues Accounts Receivable, Trade Customer A $ - $ 17,000 - % 45 % $ - $ 219 Customer B $ $ 21,000 - % 55 % $ $ 21,000 $ - $ 38,000 - % 100 % $ - $ 18,000
Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
SCHEDULE OF CONCENTRATION OF RISK	For the year ended August 31, 2021 and 2020, the vendors who accounted for 10% or more of the Company’s purchases and its accounts payable balance at year-end are presented as follows: SCHEDULE OF CONCENTRATION OF RISK For the year ended August 31 2021 2020 2021 2020 2021 2020 Purchases Percentage of purchases Accounts payable, trade Vendor A $ 11,900 $ 7,700 45 % 61 % $ - 7,700 Vendor B $ 14,700 $ 4,900 55 % 39 % $ 4,200 4,900 $ 26,600 $ 12,600 100 % 100 % $ 4,200 12,600 For the period ended December 31, 2021 and 2020, the vendors who accounted for 10% or more of the Company’s purchases and its accounts payable balance at year-end are presented as follows: For the period ended December 31 2021 2020 2021 2020 2021 2020 Purchases Percentage of purchases Accounts payable, trade Vendor A $ - $ 11,900 - % 45 % $ - 8,400 Vendor B $ - $ 14,700 - % 55 % $ 4,200 14,700 $ - $ 26,600 - % 100 % $ 4,200 23,100

SCHEDULE OF SUBSIDIARIES (Detai

SCHEDULE OF SUBSIDIARIES (Details)	4 Months Ended
	Dec. 31, 2021$ / sharesshares	Dec. 31, 2021$ / sharesshares	Aug. 31, 2021$ / sharesshares	Aug. 31, 2020$ / sharesshares	Dec. 18, 2019
Restructuring Cost and Reserve [Line Items]
Common stock, issued | shares	73,319,800	73,319,800	73,319,800	72,482,500
Common stock, par value | $ / shares	$ 0.0001		$ 0.0001	$ 0.0001
AsiaFIN Holdings Corp. Labuan [Member]
Restructuring Cost and Reserve [Line Items]
Place/date of incorporation	Labuan / July 15, 2019
Common stock, issued | shares	1	1
Common stock, par value | $ / shares	$ 1
Principal activities	Investment holding and consulting services pertaining to market studies and financial solutions.
Proportional of ownership interest and voting power held, percentage	100.00%	100.00%			100.00%
AsiaFIN Holdings Limited (Hong Kong) [Member]
Restructuring Cost and Reserve [Line Items]
Place/date of incorporation	Hong Kong/  July 5, 2019
Common stock, issued | shares	1	1
Common stock, par value | $ / shares		$ 1
Principal activities	Consultancy Services on market studies and financial solutions.
Proportional of ownership interest and voting power held, percentage	100.00%	100.00%

ORGANIZATION AND BUSINESS BAC_3

ORGANIZATION AND BUSINESS BACKGROUND (Details Narrative) - HKD ($)	Dec. 18, 2019	Dec. 31, 2021
AsiaFIN Holdings Corp. Labuan [Member]
Restructuring Cost and Reserve [Line Items]
Percentage of equity interests acquired	100.00%	100.00%
AsiaFIN Holdings Corp. Labuan [Member] | Mr. Wong [Member]
Restructuring Cost and Reserve [Line Items]
Officers compensation	$ 1
AsiaFIN Holdings Limited (Hong Kong) [Member]
Restructuring Cost and Reserve [Line Items]
Percentage of equity interests acquired		100.00%
AsiaFIN Holdings Limited (Hong Kong) [Member] | Mr. Wong [Member]
Restructuring Cost and Reserve [Line Items]
Officers compensation	$ 1

SCHEDULE OF FOREIGN EXCHANGE RA

SCHEDULE OF FOREIGN EXCHANGE RATE (Details)	Dec. 31, 2021	Aug. 31, 2021	Dec. 31, 2020	Aug. 31, 2020
Year-end RM : US$1 Exchange Rate [Member]
Exchange rate	4.17	4.16	4.02	4.16
Year-average RM : US$1 Exchange Rate [Member]
Exchange rate	4.17	4.18	4.10	4.22
Year-end HK$: US$1 Exchange Rate [Member]
Exchange rate	7.80	7.77	7.75	7.75
Year-average HK$ : US$1 Exchange Rate [Member]
Exchange rate	7.79	7.77	7.75	7.78

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	4 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Aug. 31, 2021	Aug. 31, 2020
Accounting Policies [Abstract]
Net income loss	$ 39,317	$ (416)	$ 337,780	$ 74,773
Negative operating cash flow	$ 32,466	$ (6,829)	$ 338,384	$ 69,069

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)	Dec. 23, 2019	Dec. 20, 2019	Jun. 14, 2019	Aug. 14, 2020	Jul. 30, 2021	Jun. 30, 2020	Aug. 31, 2020	Dec. 31, 2021	Aug. 31, 2021	Aug. 04, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued price per share				$ 0.20		$ 0.10				$ 1
Shares issued during period, value							$ 6,790
Common stock, issued							72,482,500	73,319,800	73,319,800
Common stock, outstanding							72,482,500	73,319,800	73,319,800
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period, shares							67,900,000
Shares issued during period, value							$ 6,790
Restricted Stock [Member] | Unicorn Ventures Sdn. Bhd [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period, shares		21,850,000
Shares issued price per share		$ 0.0001
Shares issued during period, value		$ 2,185
Restricted Stock [Member] | SEATech Ventures Corp. [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period, shares		10,000,000
Shares issued price per share		$ 0.0001
Shares issued during period, value		$ 1,000
Restricted Stock [Member] | AsiaFin Talent Sdn, Bhd., [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period, shares		5,000,000
Shares issued price per share		$ 0.0001
Shares issued during period, value		$ 500
Mr. Wong [Member] | Restricted Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period, shares		21,900,000	100,000
Shares issued price per share		$ 0.0001	$ 0.0001
Shares issued during period, value		$ 2,190	$ 10
Hoo, Swee Ping [Member] | Restricted Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period, shares		8,000,000
Shares issued price per share		$ 0.0001
Shares issued during period, value		$ 800
Lim, Kin Wan [Member] | Restricted Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period, shares	500,000
Shares issued price per share	$ 0.0001
Shares issued during period, value	$ 50
Kang, Kok Seng Michael, and Tan, Hock Chye [Member] | Restricted Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period, shares	300,000
Shares issued price per share	$ 0.0001
Shares issued during period, value	$ 30
Tan Hock Chye [Member] | Restricted Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period, shares	300,000
Shares issued price per share	$ 0.0001
Shares issued during period, value	$ 30
Eng, Kin Hoong [Member] | Restricted Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period, shares	50,000
Shares issued price per share	$ 0.0001
Shares issued during period, value	$ 5
27 Foreign Parties [Member] | Restricted Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares sold during period, shares						3,200,000
Sale of stock, price per share						$ 0.10
Proceeds from sale of stock						$ 320,000
46 Foreign Parties [Member] | Restricted Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares sold during period, shares				1,282,500
Sale of stock, price per share				$ 0.20
Proceeds from sale of stock				$ 256,500
87 Non-US Residents [Member] | Common Stock [Member] | IPO [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued during period, shares					837,300
Shares issued price per share					$ 1

SCHEDULE OF OTHER PAYABLES AND

SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES (Details) - USD ($)	Dec. 31, 2021	Aug. 31, 2021	Aug. 31, 2020
Other Payables And Accrued Liabilities
Accrued audit fees	$ 7,500	$ 7,500	$ 10,000
Other payable	1,500	649	1,709
Total payables and accrued liabilities	$ 9,000	$ 8,149	$ 11,709

SCHEDULE OF OTHER RECEIVABLES (

SCHEDULE OF OTHER RECEIVABLES (Details) - USD ($)	Dec. 31, 2021	Aug. 31, 2021	Aug. 31, 2020
Other Receivables
Other receivables	$ 1,249	$ 1,249	$ 1,249
Total other receivables	$ 1,249	$ 1,249	$ 1,249

OTHER RECEIVABLES (Details Narr

OTHER RECEIVABLES (Details Narrative)	Dec. 31, 2021USD ($)
Other Receivables
Other receivable	$ 1,249

SCHEDULE OF ACCOUNTS RECEIVABLE

SCHEDULE OF ACCOUNTS RECEIVABLE (Details) - USD ($)	Dec. 31, 2021	Aug. 31, 2021	Aug. 31, 2020
Receivables [Abstract]
Accounts receivable		$ 6,000	$ 18,000
Total accounts receivable		$ 6,000	$ 18,000

SCHEDULE OF COMPONENTS OF LOSS

SCHEDULE OF COMPONENTS OF LOSS BEFORE INCOME TAXES (Details) - USD ($)	4 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Aug. 31, 2021	Aug. 31, 2020
Loss before income tax	$ (39,317)	$ 416	$ (338,423)	$ (74,129)
UNITED STATES
Loss before income tax	(25,525)	(7,542)	(336,715)	(85,526)
Labuan [Member]
Loss before income tax	(8,951)	(1,901)	(10,168)	7,497
HONG KONG
Loss before income tax	$ (4,841)	$ 9,859	$ 8,460	$ 3,900

SCHEDULE OF PROVISION FOR INCOM

SCHEDULE OF PROVISION FOR INCOME TAXES (Details) - USD ($)	4 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Aug. 31, 2021	Aug. 31, 2020
Income Tax Disclosure [Abstract]
- Local
- Foreign			643	(644)
- Local
- Foreign
Income tax expense			$ 643	$ (644)

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	4 Months Ended
	Dec. 31, 2021USD ($)
Cumulative net operating losses	$ 451,870
Valuation allowance	$ 94,893
Labuan [Member]
Statutory income rate	3.00%
HONG KONG
Statutory income rate	16.50%

SCHEDULE OF RELATED PARTY TRANS

SCHEDULE OF RELATED PARTY TRANSACTIONS (Details) - USD ($)		4 Months Ended		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Aug. 31, 2021	Aug. 31, 2020
Related Party Transaction [Line Items]
Revenue		$ 25,000	$ 42,800	$ 325,200	$ 88,000
SEATech Ventures Limited [Member]
Related Party Transaction [Line Items]
Professional Fees	[1]	25,000		280,000	70,000
Tan Hock Chye [Member]
Related Party Transaction [Line Items]
Professional Fees	[2]		4,800	7,200
Insite MY Systems Sdn Bhd [Member]
Related Party Transaction [Line Items]
Revenue	[1]		17,000	17,000	11,000
GLS IT Solutions Sdn Bhd [Member]
Related Party Transaction [Line Items]
Revenue	[1]		$ 21,000	$ 21,000	$ 7,000
[1]	Mr Wong, Kai Cheong, our Chief Executive Officer, is the Director of Insite MY Systems Sdn Bhd while Mr. Seah, Kok Wah, our Director, is the Director of GLS IT Solutions Sdn Bhd and SEATech Ventures Corp. SEATech Ventures Corp. is a shareholder of the Company and also the holding company of SEATech Ventures (HK) Limited.
[2]	Mr Tan Hock Chye is one of the shareholders of the Company.

SCHEDULE OF CONCENTRATION OF RI

SCHEDULE OF CONCENTRATION OF RISK (Details) - USD ($)	4 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Aug. 31, 2021	Aug. 31, 2020
Concentration Risk [Line Items]
Revenues		$ 38,000	$ 38,000	$ 18,000
Accounts receivable			6,000	18,000
Accounts payable	4,200		4,200	12,600
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration Risk [Line Items]
Revenues		$ 17,000	$ 17,000	$ 11,000
Percentage of concentration		45.00%	45.00%	61.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Concentration Risk [Line Items]
Revenues		$ 21,000	$ 21,000	$ 7,000
Percentage of concentration		55.00%	55.00%	39.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer [Member]
Concentration Risk [Line Items]
Revenues		$ 38,000	$ 38,000	$ 18,000
Percentage of concentration		100.00%	100.00%	100.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration Risk [Line Items]
Accounts receivable		$ 219		$ 11,000
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Concentration Risk [Line Items]
Accounts receivable		21,000	6,000	7,000
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer [Member]
Concentration Risk [Line Items]
Accounts receivable		$ 18,000	$ 6,000	$ 18,000
Cost of Goods and Service, Product and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Vendor A [Member]
Concentration Risk [Line Items]
Percentage of concentration		45.00%	45.00%	61.00%
Purchases		$ 11,900	$ 11,900	$ 7,700
Cost of Goods and Service, Product and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Vendor B [Member]
Concentration Risk [Line Items]
Percentage of concentration		55.00%	55.00%	39.00%
Purchases		$ 14,700	$ 14,700	$ 4,900
Cost of Goods and Service, Product and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Vendor [Member]
Concentration Risk [Line Items]
Percentage of concentration		100.00%	100.00%	100.00%
Purchases		$ 26,600	$ 26,600	$ 12,600
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Vendor A [Member]
Concentration Risk [Line Items]
Accounts payable		8,400		7,700
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Vendor B [Member]
Concentration Risk [Line Items]
Accounts payable	4,200	14,700	4,200	4,900
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Vendor [Member]
Concentration Risk [Line Items]
Accounts payable	$ 4,200	$ 23,100	$ 4,200	$ 12,600

SEGMENT INFORMATION (Details Na

SEGMENT INFORMATION (Details Narrative)	4 Months Ended
	Dec. 31, 2021Integer
Segment Reporting [Abstract]
Number of reportable segments	0