Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

INVESTMENTS

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INVESTMENTS
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
INVESTMENTS

NOTE 12 — INVESTMENTS

 

Other Investments

 

As of December 31, 2023, and 2022, other investments value consist of:

 SCHEDULE OF INVESTMENT AT FAIR VALUE

         
             
    As of December 31,  
    2023     2022  
          As restated  
Investments in YouGo World   $ 28,698     $ 28,698  
Investment at fair value, Total   $ 28,698     $ 28,698  

 

On September 11, 2017, the Company entered into an agreement to purchase a 2.5% interest in YouGo World ltd., a start-up company focusing on mixed reality platforms, content, and services.

 

Investments in Joint Venture

 

As of December 31, 2023, and 2022, investments in joint venture consists of:

 

 SCHEDULE OF INVESTMENT IN JOINT VENTURE

    2023     2022  
    As of December 31,  
    2023     2022  
          As restated  
Investments in Health 360 Pte Ltd   $ 379     $ 373  
Investment in Joint Venture, Total   $ 379     $ 373  

 

The Company has restated the Investments in Health 360 Pte Ltd of $379 ($373) as Investments in Joint Venture from the earlier classification of Investments at Fair Value. The Investment represents 50% shareholding for the Group.