Cover
Cover - shares | 3 Months Ended | |
Mar. 31, 2020 | Jun. 18, 2020 | |
Document And Entity Information | ||
Entity Registrant Name | Vitaxel Group Ltd | |
Entity Central Index Key | 0001623590 | |
Document Type | 10-Q/A | |
Document Period End Date | Mar. 31, 2020 | |
Amendment Flag | true | |
Amendment Description | EXPLANATORY NOTE This Amendment No. 1 to our Quarterly Report on Form 10-Q filed June 22, 2020 (the “Original Report”) is being filed to amend the disclosures on page 13, thereby including the information below regarding our reliance on the SEC’s conditional exemptive orders issued in response to the COVID-19 pandemic. With the exception of the additional disclosures set forth below, all disclosures contained in the Original Report are unchanged. On April 22, 2020, Vitaxel Group Ltd. (the “Company”) filed a Current Report on Form 8-K, and is filing this Quarterly Report on Form 10-Q, in reliance on the Order of the Securities and Exchange Commission dated March 4, 2020, as modified March 25, 2020, pursuant to Section 36 of the Securities Exchange Act of 1934 modifying exemptions from the reporting and proxy delivery requirements for public companies (Release No. 34-88465). The preparation of the Company’s 10-Q, including financial statements and completion of the auditing process, was delayed by government-imposed quarantines, office closures and travel restrictions, which affected both the Company’s and its service provider’s personnel. In our previously Form 8-K, filed April 22, 2020, we announced that in connection with the COVID-19 pandemic, the Malaysian government has enforced a Movement Control Order (the “MCO”) effective March 18, 2020, closing all offices within the country that are non-essential forcing all of the Company’s staff to work from home. Subsequently, the MCO was replaced with the Conditional Movement Control Order on May 4, 2020 easing restrictions on most of Malaysia’s economic sectors until June 9, 2020. The Company opened its offices, but on an alternative day basis allowing staff to work on the Company’s backlogs. Afterwards, the Malaysian government announced the Recovery Movement Control Order beginning on June 10 and lasting till August 31, 2020, allowing most business to reopen and further eases COVID regulations on the country’s list of restricted activities. The Company’s management will continue to monitor the situation in Malaysia and ensure compliance towards enforced control order. Due to the uncertainties surrounding the economy in Malaysia and the enforcement of movement control, amid relaxed restrictions, at the time of issuance of this Report on Form 10-Q, the Company is unable to reasonably estimate the full extent of the impact of COVID-19 pandemic on its future business, financial conditions, and results of operations. Except as described above, this Amendment does not modify or update the disclosures presented in, or exhibits to, the Original Form 10-Q in any way. This Amendment speaks as of the date of the Original Form 10-Q and does not reflect events that may have occurred subsequent to the original filing date. | |
Current Fiscal Year End Date | --12-31 | |
Entity's Reporting Status Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Interactive Data Current | Yes | |
Entity File Number | 333-201365 | |
Entity Incorporation, State or Country Code | NV | |
Entity Common Stock, Shares Outstanding | 54,087,903 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2020 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Current assets | ||
Cash and cash equivalents | $ 49,368 | $ 63,436 |
Amount due from related parties | 4,979 | 5,132 |
Inventories | 18,755 | 17,450 |
Other receivables, prepayments and other current assets | 21,553 | 30,559 |
Total current assets | 94,655 | 116,577 |
Non-current assets | ||
Property, plant and equipment, net | 54,061 | 62,221 |
Total non-current assets | 54,061 | 62,221 |
TOTAL ASSETS | 148,716 | 178,798 |
CURRENT LIABILITIES | ||
Amounts due to related parties | 4,266,622 | 4,372,856 |
Commission payables | 126,898 | 133,743 |
Accounts payable | 987 | 154 |
Accrued expense and other payables | 314,769 | 340,112 |
Total current liabilities | 4,709,276 | 4,846,865 |
TOTAL LIABILITIES | 4,709,276 | 4,846,865 |
Commitments and Contingencies (Note 7(1)) | ||
STOCKHOLDERS' EQUITY | ||
Preferred stock par value $0.0001: 1,000,000 shares authorized; and 0 outstanding | ||
Common stock par value $0.0001: 70,000,000 shares authorized; 54,087,903 and 54,087,903 shares issued and outstanding, respectively | 5,409 | 5,409 |
Additional paid-in capital | 4,749,798 | 4,749,798 |
Accumulated deficit | (9,710,525) | (9,587,918) |
Accumulated other comprehensive income | 394,758 | 164,644 |
Total stockholders' equity | (4,560,560) | (4,668,067) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 148,716 | $ 178,798 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares | Mar. 31, 2020 | Dec. 31, 2019 |
Statement of Financial Position [Abstract] | ||
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock, authorized | 70,000,000 | 70,000,000 |
Common stock, issued | 54,087,903 | 54,087,903 |
Common stock, outstanding | 54,087,903 | 54,087,903 |
Preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred stock, authorized | 1,000,000 | 1,000,000 |
Preferred stock, outstanding | 0 | 0 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Income Statement [Abstract] | ||
REVENUE | $ 12,895 | $ 14,515 |
COST OF REVENUE | (10,658) | (9,457) |
GROSS PROFIT | 2,237 | 5,058 |
OPERATING EXPENSES | ||
Selling expense | (434) | (34) |
General and administrative expenses | (238,387) | (286,844) |
Total Operating Expenses | (238,821) | (286,878) |
LOSS FROM OPERATIONS | (236,584) | (281,820) |
OTHER INCOME/(EXPENSE), NET | ||
Other Income | 120,298 | 126,495 |
Other Expense | (6,321) | (1,502) |
Total other income, net | 113,977 | 124,993 |
Net loss | (122,607) | (156,827) |
OTHER COMPREHENSIVE LOSS | ||
Foreign currency translation adjustment | 230,114 | (47,828) |
TOTAL COMPREHENSIVE INCOME/(LOSS) | $ 107,507 | $ (204,655) |
Weighted average number of common shares outstanding - basic and diluted | 54,087,903 | 54,087,903 |
Net loss per share - Basic and diluted | $ 0 | $ 0 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (122,607) | $ (156,827) |
Items not involving cash: | ||
Depreciation - property and equipment | 6,819 | 8,766 |
Property, plant and equipment written off | 2,224 | |
Changes in operating assets and liabilities | ||
Accounts receivable | (14,220) | |
Other receivables, prepayments and other current assets | 9,006 | 16,330 |
Inventories | (1,305) | 1,294 |
Accounts Payable | 833 | (9,323) |
Commission payables | (6,845) | (549) |
Accrued expense and other payables | (25,343) | (22,226) |
Net cash used in from operating activities | (139,442) | (174,531) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of property and equipment | (1,729) | (11,230) |
Net cash used in investing activities | (1,729) | (11,230) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
(Repayments to) / Proceeds from related parties | 148,310 | (737,114) |
Net cash provided by (used in) financing activities | 148,310 | (737,114) |
EFFECT OF EXCHANGE RATES ON CASH | (21,207) | 9,234 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (14,068) | (913,641) |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 63,436 | 1,004,397 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 49,368 | 90,756 |
SUPPLEMENTAL OF CASH FLOW INFORMATION | ||
Cash paid for interest expenses | ||
Cash paid for income tax |
ORGANIZATION AND BUSINESS
ORGANIZATION AND BUSINESS | 3 Months Ended |
Mar. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND BUSINESS | 1. ORGANIZATION AND BUSINESS Vitaxel Group Limited (the “Company” or “Vitaxel”), incorporated in Nevada, is engaged in direct selling industry and online shopping platform primarily through its operating entities in Malaysia. Vitaxel SDN BHD (“Vitaxel SB”), was incorporated in Malaysia on August 10, 2012. Vitaxel SB is primarily engaged in the direct selling industry utilizing a multi-level marketing model with an emphasis on travel, entertainment and lifestyle products and services. Vitaxel Online Mall SDN BHD (“Vionmall”), was incorporated in Malaysia on September 22, 2015. Vionmall is primarily engaged in developing online shopping platforms geared to Vitaxel and its members and the third-party suppliers of products and services. |
UNAUDITED INTERIM FINANCIAL STA
UNAUDITED INTERIM FINANCIAL STATEMENTS | 3 Months Ended |
Mar. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
UNAUDITED INTERIM FINANCIAL STATEMENTS | 2. UNAUDITED INTERIM FINANCIAL STATEMENTS The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information under Article 8 of Regulation S-X. They do not include all information and foot notes required by U.S. GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the consolidated financial statement for the year ended December 31, 2019, included in the Company’s Form 10-K filed with the Security and Exchange Commission (“SEC”). The interim unaudited consolidated financial statements should be read in conjunction with those audited consolidated financial statements included in Form 10-K. In the opinion of management, the Company has made all adjustments necessary to present a fair statement of the financial position as of March 31, 2020, results of operations for the three months ended March 31, 2020 and 2019, and cash flows for the three months ended March 31, 2020 and 2019. All significant intercompany transactions and balances are eliminated on consolidation. The results of operations for the three months ended March 31, 2020 are not necessarily indicative of the results of operations for the entire fiscal year. Recently issued accounting pronouncements In August 2018, the FASB issued ASU 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement In December 2019, the FASB issued ASU2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, or are not believed by management, to have a material impact on the Company’s present and future consolidated financial statements. Reclassification: |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Mar. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | 3. GOING CONCERN These unaudited consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. For the period ended March 31, 2020, the Company reported a net loss of $122,607 and had negative working capital of $4,614,621. The Company had an accumulated deficit of $9,710,525 as of March 31, 2020 due to the fact that the Company incurred losses during the years prior to March 31, 2020. The continuation of the Company as a going concern is dependent upon improving the profitability and the continuing financial support from its stockholders or other capital sources. Management believes that the continuing financial support from the existing shareholders or external debt financing will provide the additional cash to meet the Company’s obligations as they become due. There is no certainty that further funding will be available as needed. These factors raise substantial doubt about the ability of the Company to continue operating as a going concern. In March 2020 the World Health Organization declared coronavirus COVID-19 a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. The impact on the Company is not currently determinable but management continues to monitor the situation. These consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of the Company’s ability to continue as a going concern. |
OTHER RECEIVABLES, PREPAYMENTS
OTHER RECEIVABLES, PREPAYMENTS AND OTHER ASSETS | 3 Months Ended |
Mar. 31, 2020 | |
Other Receivables And Other Assets | |
OTHER RECEIVABLES, PREPAYMENTS AND OTHER ASSETS | 4. OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS Other receivables, prepayments and other current assets consist of the following: March 31, 2020 December 31, 2019 Deposits (1) $ 15,936 $ 20,824 Prepayments (2) 5,617 9,203 Others (3) — 532 $ 21,553 $ 30,559 (1) Deposits represented payments for rental and utilities. (2) Prepayments mainly consists of prepayment for insurance and IT related fees. (3) Others mainly consists other miscellaneous payments |
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET | 3 Months Ended |
Mar. 31, 2020 | |
Property, Plant and Equipment, Net [Abstract] | |
PROPERTY AND EQUIPMENT, NET | 5. PROPERTY AND EQUIPMENT, NET Property and equipment, net consist of the following: March 31, 2020 December 31, 2019 Office equipment $ 27,027 $ 28,100 Computer equipment 97,677 101,614 Furniture and fittings 7,706 8,123 Software and website 15,738 16,589 148,148 154,426 Less: Accumulated depreciation (94,087 ) (92,205 ) Balance at end of period/year $ 54,061 $ 62,221 Depreciation expenses charged to the statements of operations and comprehensive loss for the periods ended March 31, 2020 and 2019 were $6,819 and $8,766 respectively. |
ACCRUED EXPENSE AND OTHER PAYAB
ACCRUED EXPENSE AND OTHER PAYABLES | 3 Months Ended |
Mar. 31, 2020 | |
Payables and Accruals [Abstract] | |
ACCRUED EXPENSE AND OTHER PAYABLES | 6. ACCRUED EXPENSE AND OTHER PAYABLES Accrued expense and other payables consist of the following: March 31, 2020 December 31, 2019 Provisions and accruals $ 27,277 $ 38,224 Others (1) 287,492 301,888 Balance at end of period/year $ 314,769 $ 340,112 (1) Other payables mainly consist of members allocated redemption points for commissions. |
RELATED PARTIES TRANSACTIONS
RELATED PARTIES TRANSACTIONS | 3 Months Ended |
Mar. 31, 2020 | |
Related Party Transactions [Abstract] | |
RELATED PARTIES TRANSACTIONS | 7. RELATED PARTY BALANCES AND TRANSACTIONS March 31, 2020 December 31, 2019 Amount due from related parties Ho Wah Genting Berhad (1) $ 4,979 $ 5,132 Total Amount due from related parties $ 4,979 $ 5,132 Amount of due to related parties Grande Legacy Inc. (2) 4,266,622 4,372,855 Total Amount due to related parties $ 4,266,622 $ 4,372,855 The related party balances are unsecured, interest-free and repayable on demand. (1) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of Ho Wah Genting Berhad (“HWGB”), a company listed in Bursa Malaysia Main Market. The Company recognized rent expenses of $nil and $5,135 to HWGB for the three months ended March 31, 2020 and 2019 respectively. During the year ended December 31, 2019, the Company has mutually agreed to terminate the lease with HWGB. (2) A director of the Company, Leong Yee Ming, is also a director of Grande Legacy Inc. (“GL”). The Company recognized management fee income of $120,000 and $120,000 charged to GL for the three months ended March 31, 2020 and 2019 respectively. The Company also recognized royalty income of $298 and $8,269 charged to GL for the three months ended March 31, 2020 and 2019 respectively. The Company billed GL for product sales of $10,833 and $nil for the three months ended March 31, 2020 and 2019 respectively. (3) Total payment made in the form of compensation, which includes salary, bonus, stock awards and all other compensation have been made to the following officers of the Company: March 31, 2020 March 31, 2019 Dato’ Lim Hui Boon $ — $ 40,000 Lim Wee Kiat 12,914 12,470 Leong Yee Ming 12,197 13,203 $ 25,111 $ 65,673 |
OTHER RECEIVABLES, PREPAYMENT_2
OTHER RECEIVABLES, PREPAYMENTS AND OTHER ASSETS (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Other Receivables And Other Assets | |
Schedule of Other receivables, prepayments and other assets | Other receivables, prepayments and other current assets consist of the following: March 31, 2020 December 31, 2019 Deposits (1) $ 15,936 $ 20,824 Prepayments (2) 5,617 9,203 Others (3) — 532 $ 21,553 $ 30,559 (1) Deposits represented payments for rental and utilities. (2) Prepayments mainly consists of prepayment for insurance and IT related fees. (3) Others mainly consists other miscellaneous payments |
PROPERTY AND EQUIPMENT, NET (Ta
PROPERTY AND EQUIPMENT, NET (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Property, Plant and Equipment, Net [Abstract] | |
Schedule of property, plant and equipment, net | Property and equipment, net consist of the following: March 31, 2020 December 31, 2019 Office equipment $ 27,027 $ 28,100 Computer equipment 97,677 101,614 Furniture and fittings 7,706 8,123 Software and website 15,738 16,589 148,148 154,426 Less: Accumulated depreciation (94,087 ) (92,205 ) Balance at end of period/year $ 54,061 $ 62,221 |
ACCRUED EXPENSE AND OTHER PAY_2
ACCRUED EXPENSE AND OTHER PAYABLES (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Payables and Accruals [Abstract] | |
Schedule of Accrued expense and other payables | Accrued expense and other payables consist of the following: March 31, 2020 December 31, 2019 Provisions and accruals $ 27,277 $ 38,224 Others (1) 287,492 301,888 Balance at end of period/year $ 314,769 $ 340,112 (1) Other payables mainly consist of members allocated redemption points for commissions. |
RELATED PARTIES TRANSCTIONS (Ta
RELATED PARTIES TRANSCTIONS (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Related Party Transactions [Abstract] | |
Schedule of related party transactions | March 31, 2020 December 31, 2019 Amount due from related parties Ho Wah Genting Berhad (1) $ 4,979 $ 5,132 Total Amount due from related parties $ 4,979 $ 5,132 Amount of due to related parties Grande Legacy Inc. (2) 4,266,622 4,372,855 Total Amount due to related parties $ 4,266,622 $ 4,372,855 The related party balances are unsecured, interest-free and repayable on demand. (1) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of Ho Wah Genting Berhad (“HWGB”), a company listed in Bursa Malaysia Main Market. The Company recognized rent expenses of $nil and $5,135 to HWGB for the three months ended March 31, 2020 and 2019 respectively. During the year ended December 31, 2019, the Company has mutually agreed to terminate the lease with HWGB. (2) A director of the Company, Leong Yee Ming, is also a director of Grande Legacy Inc. (“GL”). The Company recognized management fee income of $120,000 and $120,000 charged to GL for the three months ended March 31, 2020 and 2019 respectively. The Company also recognized royalty income of $298 and $8,269 charged to GL for the three months ended March 31, 2020 and 2019 respectively. The Company billed GL for product sales of $10,833 and $nil for the three months ended March 31, 2020 and 2019 respectively. (3) Total payment made in the form of compensation, which includes salary, bonus, stock awards and all other compensation have been made to the following officers of the Company: March 31, 2020 March 31, 2019 Dato’ Lim Hui Boon $ — $ 40,000 Lim Wee Kiat 12,914 12,470 Leong Yee Ming 12,197 13,203 $ 25,111 $ 65,673 |
ORGANIZATION AND BUSINESS (Deta
ORGANIZATION AND BUSINESS (Details Narrative) | 3 Months Ended |
Mar. 31, 2020 | |
Vitaxel Online Mall SDN BHD [Member] | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |
Date of incorporation | Sep. 22, 2015 |
State of incorporation | Malaysia |
Vitaxel SDN BHD [Member] | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |
Date of incorporation | Aug. 10, 2012 |
State of incorporation | Malaysia |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | ||
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Net loss | $ (122,607) | $ (156,827) | |
Negative working capital | (4,614,621) | ||
Accumulated deficit | $ (9,710,525) | $ (9,587,918) |
OTHER RECEIVABLES, PREPAYMENT_3
OTHER RECEIVABLES, PREPAYMENTS AND OTHER ASSETS (Details) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 | |
Other Receivables And Other Assets | |||
Deposits | [1] | $ 15,936 | $ 20,824 |
Prepayments | [2] | 5,617 | 9,203 |
Others | [3] | 532 | |
Total other receivables and other assets | $ 21,553 | $ 30,559 | |
[1] | Deposits represented payments for rental and utilities. | ||
[2] | Prepayments mainly consists of prepayment for insurance and IT related fees. | ||
[3] | Others mainly consists other miscellaneous payments |
PROPERTY AND EQUIPMENT, NET (De
PROPERTY AND EQUIPMENT, NET (Details) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Property, Plant and Equipment [Line Items] | ||
Balance at beginning of period/year | $ 148,148 | $ 154,426 |
Less: Accumulated depreciation | (94,087) | (92,205) |
Balance at end of period/year | 54,061 | 62,221 |
Furniture and fittings [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Balance at beginning of period/year | 7,706 | 8,123 |
Office Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Balance at beginning of period/year | 27,027 | 28,100 |
Computer Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Balance at beginning of period/year | 97,677 | 101,614 |
Software and Website [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Balance at beginning of period/year | $ 15,738 | $ 16,589 |
PROPERTY AND EQUIPMENT, NET (_2
PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Property, Plant and Equipment, Net [Abstract] | ||
Depreciation expenses | $ 6,819 | $ 8,766 |
ACCRUED EXPENSE AND OTHER PAY_3
ACCRUED EXPENSE AND OTHER PAYABLES (Details) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 | |
Payables and Accruals [Abstract] | |||
Provisions | $ 27,277 | $ 38,224 | |
Others | [1] | 287,492 | 301,888 |
Balance at end of period/year | $ 314,769 | $ 340,112 | |
[1] | Other payables mainly consist of members allocated redemption points for commissions. |
RELATED PARTIES TRANSCTIONS (De
RELATED PARTIES TRANSCTIONS (Details) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Amount of due from related parties | $ 4,979 | $ 5,132 |
Ho Wah Genting Berhad [Member] | ||
Amount of due from related parties | $ 4,979 | $ 5,132 |
RELATED PARTIES TRANSCTIONS (_2
RELATED PARTIES TRANSCTIONS (Details 1) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Amount due to related parties | $ 4,266,622 | $ 4,372,856 |
Grande Legacy Inc [Member] | ||
Amount due to related parties | $ 4,266,622 | $ 4,372,855 |
RELATED PARTIES TRANSCTIONS (_3
RELATED PARTIES TRANSCTIONS (Details 2) - USD ($) | Mar. 31, 2020 | Mar. 31, 2019 |
Amount due from director | $ 25,111 | $ 65,673 |
Dato Lim Hui Boon [Member] | ||
Amount due from director | 40,000 | |
Lim Wee Kiat [Member] | ||
Amount due from director | 12,914 | 12,470 |
Leong Yee Ming [Member] | ||
Amount due from director | $ 12,197 | $ 13,203 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Ho Wah Genting Berhad [Member] | ||
Rent expenses | $ 0 | $ 5,135 |
Grande Legacy Inc [Member] | ||
Royalty income | 298 | 8,269 |
Management fee income | 120,000 | 120,000 |
Product sales | $ 10,833 | $ 0 |