JOCOM HOLDINGS CORP. Files 2023 Annual Report on Form 10-K

TL;DR

<b>JOCOM HOLDINGS CORP. has filed its 2023 10-K report detailing financial performance and corporate information.</b>

AI Summary

JOCOM HOLDINGS CORP. (JOCM) filed a Annual Report (10-K) with the SEC on April 8, 2024. JOCOM HOLDINGS CORP. filed its annual report on Form 10-K for the fiscal year ending December 31, 2023. The company is incorporated in Nevada and operates in the Miscellaneous Business Services sector. The filing includes financial data for the fiscal years 2021, 2022, and 2023. Key dates related to the company's operations and related parties are noted, including various transactions and agreements. The report details information on common stock, additional paid-in capital, and retained earnings for the specified fiscal years.

Why It Matters

For investors and stakeholders tracking JOCOM HOLDINGS CORP., this filing contains several important signals. The 10-K filing provides a comprehensive overview of JOCOM HOLDINGS CORP.'s financial health and operational activities for the fiscal year 2023, which is crucial for investors to assess the company's performance and future prospects. This filing contains specific financial data, including details on equity and retained earnings, allowing for a detailed analysis of the company's financial structure and historical performance.

Risk Assessment

Risk Level: — JOCOM HOLDINGS CORP. shows moderate risk based on this filing. The provided text is a header and index of a 10-K filing, lacking specific financial performance data or operational details to assess risk.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion, and risk factors to understand JOCOM HOLDINGS CORP.'s performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (JOCOM HOLDINGS CORP.)
• 2024-04-08 — Filing Date (JOCOM HOLDINGS CORP.)
• 000-56629 — SEC File Number (JOCOM HOLDINGS CORP.)
• 0001907425 — Central Index Key (JOCOM HOLDINGS CORP.)

Key Players & Entities

• JOCOM HOLDINGS CORP. (company) — Filer name
• JOCM (company) — Ticker symbol
• NV (company) — State of incorporation
• 7380 (company) — Standard Industrial Classification code
• 2023-12-31 (date) — Fiscal year end
• 2024-04-08 (date) — Filing date
• KUALA LUMPUR (company) — Business address city
• 60322416637 (company) — Business phone number

FAQ

Industry Context

JOCOM HOLDINGS CORP. operates within the Miscellaneous Business Services sector (SIC code 7380).

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the full 10-K for detailed financial statements and disclosures.
2. Analyze the company's business operations and strategy as outlined in the report.
3. Assess any identified risks and their potential impact on the company.

Key Dates

• 2023-12-31: Fiscal Year End — Reporting period for the 10-K filing.
• 2024-04-08: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing data extracted, no prior filing data is available for comparison.

Key Financial Figures

• $100 — oldings Corp., Ms. Chua was compensated $100 USD. Details of the Company's subsidi
• $1 — 2021 100 share of ordinary share of US$1 each Data Analytic Software Solution
• $0.0001 — 0 shares of our Common Stock par value, $0.0001 issued and outstanding. There were 69 b
• $5.00 — ty that has a market price of less than $5.00 per share. Our Common Stock, when and i
• $1,000,000 — enerally those with assets in excess of $1,000,000, or annual incomes exceeding $200,000 i
• $200,000 — $1,000,000, or annual incomes exceeding $200,000 individually, or $300,000, together wit
• $300,000 — mes exceeding $200,000 individually, or $300,000, together with their spouse). For tra

Filing Documents

• form10-k.htm (10-K) — 814KB
• ex31-1.htm (EX-31.1) — 16KB
• ex32-1.htm (EX-32.1) — 8KB
• form10-k_002.jpg (GRAPHIC) — 11KB
• form10-k_001.jpg (GRAPHIC) — 36KB
• 0001493152-24-013407.txt (&nbsp;) — 4236KB
• jhsc-20231231.xsd (EX-101.SCH) — 43KB
• jhsc-20231231_cal.xml (EX-101.CAL) — 52KB
• jhsc-20231231_def.xml (EX-101.DEF) — 98KB
• jhsc-20231231_lab.xml (EX-101.LAB) — 248KB
• jhsc-20231231_pre.xml (EX-101.PRE) — 202KB
• form10-k_htm.xml (XML) — 565KB

Business

Business 2 Item 1A.

Risk Factors

Risk Factors 5 Item 1B. Unresolved Staff Comments 5 Item 1C. Cybersecurity 5 Item 2.

Properties

Properties 5 Item 3.

Legal Proceedings

Legal Proceedings 5 Item 4. Mine Safety Disclosure 5 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 6 Item 6.

Selected Financial Data

Selected Financial Data 7 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 7 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 12 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 12 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 12 Item 9A.

Controls and Procedures

Controls and Procedures 12 Item 9B. Other Information 12 PART III Item 10. Directors, Executive Officers and Corporate Governance 13 Item 11.

Executive Compensation

Executive Compensation 15 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 16 Item 13. Certain Relationships and Related Transactions, and Director Independence 17 Item 14. Principal Accounting Fees and Services 18 PART IV Item 15. Exhibits, Financial Statement Schedules 19

SIGNATURES

SIGNATURES 20 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements. These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We may use words such as "anticipate," "expect," "intend," "plan," "believe," "foresee," "estimate" and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantees of future performance and are actual results to differ materially from those expressed or forecasted. These risks and uncertainties include the following: The availability and adequacy of our cash flow to meet our requirements; Economic, competitive, demographic, business and other conditions in our local and regional markets; Changes or developments in laws, regulations or taxes in our industry; Actions taken or omitted to be taken by third parties including our suppliers and competitors, as well as legislative, regulatory, judicial and other governmental authorities; Competition in our industry; The loss of or failure to obtain any license or permit necessary or desirable in the operation of our business; Changes in our business strategy, capital improvements or development plans; The availability of additional capital to support capital improvements and development; and Other risks identified in this report and in our other filings with the Securities and Exchange Commission or the SEC. This report should be read completely and with the understanding that actual future results may be materially different from what we expect. The forward-looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report. W

Business

Business Overview Jocom Holdings Corp., a Nevada Corporation, is a company that operates through its wholly owned subsidiary, Jocom Holdings Corp., a Company organized in Labuan, Malaysia. The Nevada and Malaysia corporations share the same exact business plan. Note: The purpose of the Labuan, Malaysia Company is to function as the current regional hub, carrying out the majority of physical operations of the Company. Initially, we intend for our services to cover the whole of mainland of Malaysia. The Labuan company is part of our international business structure that encompasses our expansion plans and provides other trade and tax benefits. Data Analytic Software Solution Jocom Holdings Corp currently provides data analytic services in relation to analyzing customers' buying patterns as it relates to grocery items.. It also makes predictions on customers' consumption manners, and assists e-commerce businesses and grocery retailers in optimizing the ir product placements with customers . The services are provided through using in house developed data analytic software solution namely "JOCOM AI Smart Platform", which was developed by our CEO, Mr. Sew based on his past experience in the software development and fresh grocery industry. JOCOM AI Smart Platform is a subscription-based web software. Our sole client at this time, who is also a related party of the Issuer, is an e-commerce platform operator located in Malaysia. In the future we plan to expand our services to additional customers and to customers in other geographic regions in Southeast Asia. "Logistic Predictive Algorithm" We plan to expand our software solution to cover the logistic segment by developing a logistic prediction algorithm. This software solution will take into account several factors such as fleet availability, incoming orders, traffic conditions etc., to create a real-time simulation and provide the best possible routes and delivery options, thus increasing delivery efficiency an

View Full Filing

View this 10-K filing on SEC EDGAR