AsiaFIN (ASFH) 10-Q 15 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2022 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
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
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 Bankruptcy Proceedings, Reporting Current	false
Entity Common Stock, Shares Outstanding	73,319,800

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021
CURRENT ASSETS
Other receivables	$ 3,000	$ 1,249
Cash and cash equivalents	923,857	980,681
Total Current Assets	926,857	981,930
TOTAL ASSETS	926,857	981,930
CURRENT LIABILITIES
Accounts payable		4,200
Other payables and accrued liabilities	2,800	9,000
Total Current Liabilities	2,800	13,200
TOTAL LIABILITIES	2,800	13,200
STOCKHOLDERS’ EQUITY
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common Shares, par value $0.0001; 600,000,000 shares authorized, 73,319,800 shares issued and outstanding as of June 30, 2022 and December 31, 2021	7,332	7,332
Additional paid in capital	1,413,268	1,413,268
Accumulated deficit	(496,543)	(451,870)
TOTAL STOCKHOLDERS’ EQUITY	924,057	968,730
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 926,857	$ 981,930

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	600,000,000	600,000,000
Common stock, issued	73,319,800	73,319,800
Common stock, Outstanding	73,319,800	73,319,800

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Losses (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
REVENUE
COST OF REVENUE
GROSS PROFIT
OTHER INCOME	3,979	86	6,514	13,051
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	(42,287)	(155,294)	(50,946)	(321,483)
LOSS BEFORE INCOME TAX	(38,308)	(155,208)	(44,432)	(308,432)
INCOME TAX PROVISION			(241)
NET LOSS	(38,308)	(155,208)	(44,673)	(308,432)
OTHER COMPREHENSIVE LOSS
TOTAL COMPREHENSIVE LOSS	$ (38,308)	$ (155,208)	$ (44,673)	$ (308,432)
Net loss per share, basic and diluted:
Weighted average number of common shares outstanding – Basic and diluted	73,319,800	72,561,996	73,319,800	72,561,996

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 7,248	$ 576,052	$ (74,357)	$ 508,943
Beginning Balance, shares at Dec. 31, 2020	72,482,500
Net loss for the period			(153,224)	(153,224)
Ending balance, value at Mar. 31, 2021	$ 7,248	576,052	(227,581)	355,719
Ending Balance, shares at Mar. 31, 2021	72,482,500
Beginning balance, value at Dec. 31, 2020	$ 7,248	576,052	(74,357)	508,943
Beginning Balance, shares at Dec. 31, 2020	72,482,500
Net loss for the period				(308,432)
Ending balance, value at Jun. 30, 2021	$ 7,280	893,820	(382,789)	518,311
Ending Balance, shares at Jun. 30, 2021	72,800,300
Beginning balance, value at Mar. 31, 2021	$ 7,248	576,052	(227,581)	355,719
Beginning Balance, shares at Mar. 31, 2021	72,482,500
Net loss for the period			(155,208)	(155,208)
Shares issued in Initial public offering completed on 30 June 2021 at $1 per share	$ 32	317,768		317,800
Share issued in initial public offering, shares	317,800
Ending balance, value at Jun. 30, 2021	$ 7,280	893,820	(382,789)	518,311
Ending Balance, shares at Jun. 30, 2021	72,800,300
Beginning balance, value at Dec. 31, 2021	$ 7,332	1,413,268	(451,870)	968,730
Beginning Balance, shares at Dec. 31, 2021	73,319,800
Net loss for the period			(6,365)	(6,365)
Ending balance, value at Mar. 31, 2022	$ 7,332	1,413,268	(458,235)	962,365
Ending Balance, shares at Mar. 31, 2022	73,319,800
Beginning balance, value at Dec. 31, 2021	$ 7,332	1,413,268	(451,870)	968,730
Beginning Balance, shares at Dec. 31, 2021	73,319,800
Net loss for the period				(44,673)
Ending balance, value at Jun. 30, 2022	$ 7,332	1,413,268	(496,543)	924,057
Ending Balance, shares at Jun. 30, 2022	73,319,800
Beginning balance, value at Mar. 31, 2022	$ 7,332	1,413,268	(458,235)	962,365
Beginning Balance, shares at Mar. 31, 2022	73,319,800
Net loss for the period			(38,308)	(38,308)
Ending balance, value at Jun. 30, 2022	$ 7,332	$ 1,413,268	$ (496,543)	$ 924,057
Ending Balance, shares at Jun. 30, 2022	73,319,800

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Equity (Unaudited) (Parenthetical)	Jun. 30, 2021 $ / shares
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Shares issued per share	$ 1

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (44,673)	$ (308,432)
Adjustments to reconcile net loss to net cash used in operating activities:
Accounts receivable		15,219
Other receivables	(1,751)	(40,858)
Accounts payable	(4,200)	(10,500)
Other payables and accrued liabilities	(6,200)	10,478
Net cash used in operating activities	(56,824)	(334,093)
CASH FLOWS FROM FINANCING ACTIVITY
Proceeds from issuance of shares in IPO/Unalloted Shares		317,800
Net cash from financing activity		317,800
Net decrease in cash and cash equivalents	(56,824)	(16,293)
Cash and cash equivalents, beginning of period	980,681	521,060
CASH AND CASH EQUIVALENTS, END OF PERIOD	923,857	504,767
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid
Interest paid

DESCRIPTION OF BUSINESS AND ORG

DESCRIPTION OF BUSINESS AND ORGANIZATION	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND ORGANIZATION	1. DESCRIPTION OF BUSINESS AND ORGANIZATION 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/ July 5, 2019 1 Consultancy services on market studies and financial solutions 100 % ASIAFIN HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The consolidated financial statements for AsiaFIN Holdings Corp. and its subsidiaries for three and six months ended June 30, 2022 and June 30, 2021 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 adopted 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. 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 two months or less as of the purchase date of such investments. ASIAFIN HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED) 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 six months ended June 30, 2022, the Company incurred a net loss of $ 44,673 56,824 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 or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing. ASIAFIN HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED) Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260 “Earnings per share”. Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. Foreign currencies translation The reporting currency of the Company and its subsidiaries in Labuan and Hong Kong is United States Dollars (“US$”) which 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. 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 period ended December 31, Period-end RM : US$1 exchange rate 4.41 4.17 Period-average RM : US$1 exchange rate 4.29 4.14 Period-end HK$: US$1 exchange rate 7.85 7.80 Period-average HK$ : US$1 exchange rate 7.83 7.78 Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. ASIAFIN HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED) Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayment, deposits, accounts payable 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” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 Level 2 Level 3: Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does 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 CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

COMMON STOCK

COMMON STOCK	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
COMMON STOCK	3. COMMON STOCK Between the period April 27, 2021 to June 30, 2021, the Company issued 317,800 1.00 As of June 30, 2022, AsiaFIN Holdings Corp. has an issued and outstanding common share of 73,319,800

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	6 Months Ended
	Jun. 30, 2022
Cash and Cash Equivalents [Abstract]
CASH AND CASH EQUIVALENTS	4. CASH AND CASH EQUIVALENTS As of June 30, 2022, the Company recorded cash and cash equivalents of $ 923,857 As of December 31, 2021, the Company recorded cash and cash equivalents of $ 980,681 ASIAFIN HOLDINGS CORP NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

OTHER RECEIVABLES

OTHER RECEIVABLES	6 Months Ended
	Jun. 30, 2022
Other Receivables
OTHER RECEIVABLES	5. OTHER RECEIVABLES Other receivables consisted of the following as of June 30, 2022 and December 31, 2021. SCHEDULE OF OTHER RECEIVABLES As of June 30, 2022 (Unaudited) As of December 31, 2021 (Audited) Other receivables $ 3,000 $ 1,249 Total other receivables $ 3,000 $ 1,249 As of June 30, 2022, there are increase of $ 3,000 1,249 As of December 31, 2022, the other receivables consists of amount owing by a related party which was settled in 2022.

ACCOUNTS PAYABLE

ACCOUNTS PAYABLE	6 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE	6. ACCOUNTS PAYABLE Accounts payable consisted of the following as of June 30, 2022 and December 31, 2021. SCHEDULE OF ACCOUNTS PAYABLE As of June 30, 2022 (Unaudited) As of December 31, 2021 (Audited) Accounts payable $ - $ 4,200 Total Accounts payable $ - $ 4,200

OTHER PAYABLES AND ACCRUED LIAB

OTHER PAYABLES AND ACCRUED LIABILITIES	6 Months Ended
	Jun. 30, 2022
Other Payables And Accrued Liabilities
OTHER PAYABLES AND ACCRUED LIABILITIES	7. OTHER PAYABLES AND ACCRUED LIABILITIES Other payables and accrued liabilities consisted of the following as at June 30, 2022 and December 31, 2021. SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES As of June 30, 2022 (Unaudited) As of December 31, (Audited) Accrued audit fees 2,500 7,500 Other payables 300 1,500 Total other payables and accrued liabilities $ 2,800 $ 9,000 ASIAFIN HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2022(UNAUDITED) (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	8. INCOME TAXES For the period/year June 30, 2022 and 2021, 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 Six months ended June 30, 2022 (Unaudited) Six months ended June 30, 2021 (Unaudited) Tax jurisdictions from: - Local $ (32,208 ) $ (308,523 ) - Foreign, representing Labuan 1,279 2,653 Hong Kong (13,503 ) (2,562 ) Loss before income tax $ (44,432 ) $ (308,432 ) The provision for income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAXES Six months ended June 30, 2022 (Unaudited) Six months ended June 30, 2021 (Unaudited) Current: - Local $ - $ - - Foreign 241 - Deferred: -Local - - -Foreign - - Income tax expense $ 241 $ - 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 June 30, 2022, the operations in the United States of America incurred $ 44,432 of cumulative net operating losses which can be carried forward indefinitely to offset a maximum of 80% future taxable income. The Company has provided for a full valuation allowance of $ 104,274 against the deferred tax assets on the expected future tax benefits from the net operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future. 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 The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of June 30, 2022 and 2021: SCHEDULE OF DEFERRED TAX ASSETS Six months ended June 30, 2022 (Unaudited) Six months ended June 30, 2021 (Unaudited) Deferred tax assets: Net operating loss carry forwards -United States of America $ 104,274 $ 80,385 -Labuan - - -Hong Kong - - Net operating loss carry forwards $ 104,274 $ 80,385 Less: valuation allowance Deferred tax assets 104,274 80,385

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	9. RELATED PARTY TRANSACTIONS As of June 30, 2022 and 2021, the Company related party transactions as follows: SCHEDULE OF RELATED PARTY TRANSACTIONS Six months ended June 30, 2022 (Unaudited) Six months ended June 30, 2021 (Unaudited) SEATech Ventures (HK) Limited 1 -Consultation fee $ - $ 160,000 1 SEATech Venture (HK) Limited, through its wholly subsidiary of SEATech Venture Corp is a 13.6

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	10. COMMITMENTS AND CONTINGENCIES As of June 30, 2022, the Company has no

CONCENTRATIONS OF RISK

CONCENTRATIONS OF RISK	6 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF RISK	11. CONCENTRATIONS OF RISK (a) Major customers For the three months ended June 30, 2022 and 2021, there was no customer who accounted for 10% or more of the Company’s revenues nor with significant outstanding receivables. (b) Major vendors For the three months ended June 30, 2022 and 2021, there was no supplier who accounted for 10% or more of the Company’s purchases nor with significant outstanding payables. (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. (d) Exchange rate risk The Company cannot guarantee that the current exchange rate will remain stable, therefore there is a possibility that the Company could post the same amount of income for two comparable periods and because of the fluctuating exchange rate actually post higher or lower income depending on exchange rate of RM converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

SIGNIFICANT EVENTS

SIGNIFICANT EVENTS	6 Months Ended
	Jun. 30, 2022
Significant Events
SIGNIFICANT EVENTS	12. SIGNIFICANT EVENTS On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus originating in Wuhan, China (the “COVID-19 outbreak”) and the risks to the international community as the virus spreads globally beyond its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. As such, it is uncertain as to the full magnitude that the pandemic will have on our financial condition, liquidity, and future results of operations. Management is actively monitoring the impact of the global situation on our financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, we are not able to estimate the effects of the COVID-19 outbreak on our results of operations, financial condition, or liquidity for the period ended June 30, 2022.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS The Company has evaluated subsequent events that occurred after June 30, 2022 up through the date of August 15, 2022, the Company issued unaudited consolidated financial statements in accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued. During this period, there was no subsequent event that required recognition or disclosure.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The consolidated financial statements for AsiaFIN Holdings Corp. and its subsidiaries for three and six months ended June 30, 2022 and June 30, 2021 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 adopted 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.
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 two months or less as of the purchase date of such investments. ASIAFIN HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
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 six months ended June 30, 2022, the Company incurred a net loss of $ 44,673 56,824 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 or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing. ASIAFIN HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
Net loss per share	Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260 “Earnings per share”. Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.
Foreign currencies translation	Foreign currencies translation The reporting currency of the Company and its subsidiaries in Labuan and Hong Kong is United States Dollars (“US$”) which 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. 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 period ended December 31, Period-end RM : US$1 exchange rate 4.41 4.17 Period-average RM : US$1 exchange rate 4.29 4.14 Period-end HK$: US$1 exchange rate 7.85 7.80 Period-average HK$ : US$1 exchange rate 7.83 7.78
Related parties	Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. ASIAFIN HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
Fair value of financial instruments	Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayment, deposits, accounts payable 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” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 Level 2 Level 3:
Recent accounting pronouncements	Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does 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.

DESCRIPTION OF BUSINESS AND O_2

DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF SUBSIDIARIES	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/ July 5, 2019 1 Consultancy services on market studies and financial solutions 100 %

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SCHEDULE OF FOREIGN EXCHANGE RATE	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 period ended December 31, Period-end RM : US$1 exchange rate 4.41 4.17 Period-average RM : US$1 exchange rate 4.29 4.14 Period-end HK$: US$1 exchange rate 7.85 7.80 Period-average HK$ : US$1 exchange rate 7.83 7.78

OTHER RECEIVABLES (Tables)

OTHER RECEIVABLES (Tables)	6 Months Ended
	Jun. 30, 2022
Other Receivables
SCHEDULE OF OTHER RECEIVABLES	Other receivables consisted of the following as of June 30, 2022 and December 31, 2021. SCHEDULE OF OTHER RECEIVABLES As of June 30, 2022 (Unaudited) As of December 31, 2021 (Audited) Other receivables $ 3,000 $ 1,249 Total other receivables $ 3,000 $ 1,249

ACCOUNTS PAYABLE (Tables)

ACCOUNTS PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
SCHEDULE OF ACCOUNTS PAYABLE	Accounts payable consisted of the following as of June 30, 2022 and December 31, 2021. SCHEDULE OF ACCOUNTS PAYABLE As of June 30, 2022 (Unaudited) As of December 31, 2021 (Audited) Accounts payable $ - $ 4,200 Total Accounts payable $ - $ 4,200

OTHER PAYABLES AND ACCRUED LI_2

OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2022
Other Payables And Accrued Liabilities
SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES	Other payables and accrued liabilities consisted of the following as at June 30, 2022 and December 31, 2021. SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES As of June 30, 2022 (Unaudited) As of December 31, (Audited) Accrued audit fees 2,500 7,500 Other payables 300 1,500 Total other payables and accrued liabilities $ 2,800 $ 9,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
SCHEDULE OF COMPONENTS OF LOSS BEFORE INCOME TAXES	For the period/year June 30, 2022 and 2021, 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 Six months ended June 30, 2022 (Unaudited) Six months ended June 30, 2021 (Unaudited) Tax jurisdictions from: - Local $ (32,208 ) $ (308,523 ) - Foreign, representing Labuan 1,279 2,653 Hong Kong (13,503 ) (2,562 ) Loss before income tax $ (44,432 ) $ (308,432 )
SCHEDULE OF PROVISION FOR INCOME TAXES	The provision for income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAXES Six months ended June 30, 2022 (Unaudited) Six months ended June 30, 2021 (Unaudited) Current: - Local $ - $ - - Foreign 241 - Deferred: -Local - - -Foreign - - Income tax expense $ 241 $ -
SCHEDULE OF DEFERRED TAX ASSETS	The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of June 30, 2022 and 2021: SCHEDULE OF DEFERRED TAX ASSETS Six months ended June 30, 2022 (Unaudited) Six months ended June 30, 2021 (Unaudited) Deferred tax assets: Net operating loss carry forwards -United States of America $ 104,274 $ 80,385 -Labuan - - -Hong Kong - - Net operating loss carry forwards $ 104,274 $ 80,385 Less: valuation allowance Deferred tax assets 104,274 80,385

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
SCHEDULE OF RELATED PARTY TRANSACTIONS	As of June 30, 2022 and 2021, the Company related party transactions as follows: SCHEDULE OF RELATED PARTY TRANSACTIONS Six months ended June 30, 2022 (Unaudited) Six months ended June 30, 2021 (Unaudited) SEATech Ventures (HK) Limited 1 -Consultation fee $ - $ 160,000 1 SEATech Venture (HK) Limited, through its wholly subsidiary of SEATech Venture Corp is a 13.6

SCHEDULE OF SUBSIDIARIES (Detai

SCHEDULE OF SUBSIDIARIES (Details) - $ / shares	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Dec. 18, 2019
Restructuring Cost and Reserve [Line Items]
Common stock, issued	73,319,800	73,319,800
Common stock, par value	$ 0.0001	$ 0.0001
AsiaFIN Holdings Corp. Labuan [Member] | Asia FIN Holdings Corp [Member]
Restructuring Cost and Reserve [Line Items]
Place/date of incorporation	Labuan / July 15, 2019
Common stock, issued	1
Common stock, par value	$ 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%		100%
AsiaFIN Holdings Limited (Hong Kong) [Member] | Asia FIN Holdings Limited [Member]
Restructuring Cost and Reserve [Line Items]
Place/date of incorporation	Hong Kong/ July 5, 2019
Common stock, issued	1
Principal activities	Consultancy services on market studies and financial solutions
Proportional of ownership interest and voting power held, percentage	100%

DESCRIPTION OF BUSINESS AND O_3

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details Narrative)	Dec. 23, 2019 HKD ($)	Dec. 18, 2019 USD ($)	Jun. 30, 2022
AsiaFIN Holdings Corp. Labuan [Member] | Mr. Wong [Member]
Restructuring Cost and Reserve [Line Items]
Officers compensation		$ 1
AsiaFIN Holdings Corp. Labuan [Member] | Asia FIN Holdings Corp [Member]
Restructuring Cost and Reserve [Line Items]
Percentage of equity interests acquired		100%	100%
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)	Jun. 30, 2022	Dec. 31, 2021
Year-end RM : US$1 Exchange Rate [Member]
Exchange rate	4.41	4.17
Year-average RM : US$1 Exchange Rate [Member]
Exchange rate	4.29	4.14
Year-end HK$: US$1 Exchange Rate [Member]
Exchange rate	7.85	7.80
Year-average HK$ : US$1 Exchange Rate [Member]
Exchange rate	7.83	7.78

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounting Policies [Abstract]
Net loss	$ 38,308	$ 6,365	$ 155,208	$ 153,224	$ 44,673	$ 308,432
Negative operating cash flow					$ 56,824	$ 334,093

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - $ / shares	2 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Dec. 31, 2021
Subsidiary, Sale of Stock [Line Items]
Common stock, issued		73,319,800	73,319,800
Common stock, outstanding		73,319,800	73,319,800
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Shares issued price per share	$ 1
87 Non-US Residents [Member] | IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares issued during period, shares	317,800
Shares issued price per share	$ 1

CASH AND CASH EQUIVALENTS (Deta

CASH AND CASH EQUIVALENTS (Details Narrative) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 923,857	$ 980,681

SCHEDULE OF OTHER RECEIVABLES (

SCHEDULE OF OTHER RECEIVABLES (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Other Receivables
Other receivables	$ 3,000	$ 1,249
Total other receivables	$ 3,000	$ 1,249

OTHER RECEIVABLES (Details Narr

OTHER RECEIVABLES (Details Narrative)	6 Months Ended
	Jun. 30, 2022 USD ($)
Other Receivables
Increase decrease in deposit of rental	$ 3,000
Other receivables	$ 1,249

SCHEDULE OF ACCOUNTS PAYABLE (D

SCHEDULE OF ACCOUNTS PAYABLE (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accounts payable		$ 4,200
Total Accounts payable		$ 4,200

SCHEDULE OF OTHER PAYABLES AND

SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Other Payables And Accrued Liabilities
Accrued audit fees	$ 2,500	$ 7,500
Other payables	300	1,500
Total other payables and accrued liabilities	$ 2,800	$ 9,000

SCHEDULE OF COMPONENTS OF LOSS

SCHEDULE OF COMPONENTS OF LOSS BEFORE INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Loss before income tax	$ (38,308)	$ (155,208)	$ (44,432)	$ (308,432)
UNITED STATES
Loss before income tax			(32,208)	(308,523)
Labuan [Member]
Loss before income tax			1,279	2,653
HONG KONG
Loss before income tax			$ (13,503)	$ (2,562)

SCHEDULE OF PROVISION FOR INCOM

SCHEDULE OF PROVISION FOR INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
- Local
- Foreign			241
-Local
-Foreign
Income tax expense			$ 241

SCHEDULE OF DEFERRED TAX ASSETS

SCHEDULE OF DEFERRED TAX ASSETS (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Net operating loss carry forwards
Net operating loss carry forwards	$ 104,274	$ 80,385
Deferred tax assets	104,274	80,385
UNITED STATES
Net operating loss carry forwards
Net operating loss carry forwards	104,274	80,385
Labuan [Member]
Net operating loss carry forwards
Net operating loss carry forwards
HONG KONG
Net operating loss carry forwards
Net operating loss carry forwards

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	6 Months Ended
	Jun. 30, 2022 USD ($)
Operating Loss Carryforwards	$ 44,432
Operating Loss Carryforwards, Valuation Allowance	$ 104,274
Labuan [Member]
Statutory income rate	3%
HONG KONG
Statutory income rate	16.50%

SCHEDULE OF RELATED PARTY TRANS

SCHEDULE OF RELATED PARTY TRANSACTIONS (Details) - USD ($)		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
SEATech Ventures (HK) Limited [Member]
Related Party Transaction [Line Items]
Consultation fee	[1]		$ 160,000
[1]SEATech Venture (HK) Limited, through its wholly subsidiary of SEATech Venture Corp is a 13.6

SCHEDULE OF RELATED PARTY TRA_2

SCHEDULE OF RELATED PARTY TRANSACTIONS (Details) (Parenthetical)	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Percentage of shareholder	13.60%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	$ 0