XBRL Rendering Preview
Document and Entity Information - USD ($)
12 Months Ended
Dec. 31, 2016
Apr. 06, 2017
Jun. 30, 2016
Document And Entity Information      
Entity Registrant Name Vitaxel Group Ltd    
Entity Central Index Key 0001623590    
Document Type 10-K    
Trading Symbol VXEL    
Document Period End Date Dec. 31, 2016    
Amendment Flag false    
Current Fiscal Year End Date --12-31    
Entity a Well-known Seasoned Issuer No    
Entity a Voluntary Filer No    
Entity's Reporting Status Current Yes    
Entity Filer Category Smaller Reporting Company    
Entity Public Float     $ 117,417,351
Entity Common Stock, Shares Outstanding   5,408,754,000  
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2016    
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 105,432 $ 303,794
Accounts receivable 1,944
Prepayment 5,070 12,308
Amount due from related companies 27,082
Due from director 5,427
Inventories 53,913 9,870
Other receivables and other assets 21,978 53,324
Total Current Assets 220,846 379,296
NON-CURRENT ASSETS    
Investment in associated companies  
Property, plant and equipment, net 194,669 104,857
Total Non-Current Assets 194,669 104,857
TOTAL ASSETS 415,515 484,153
CURRENT LIABILITIES    
Amounts due to related companies 632,239 233,100
Amounts due to an associated company 279,219
Commission payables 115,915 537,655
Accounts payable 8,251
Accruals and other payables 446,487 735,143
Tax payable 17,586
Total Current Liabilities 1,482,111 1,523,484
NON-CURRENT LIABILITY    
Deferred tax liability
TOTAL LIABILITIES 1,482,111 1,523,484
STOCKHOLDERS' EQUITY    
Common stock par value $0.000001: 99,975,000,000 shares authorized; 5,098,725,000 and 3,999,000,000 shares issued and outstanding, respectively 5,099 3,999
Additional paid-in capital 1,340,504 510,448
Accumulated deficit (2,639,138) (1,733,633)
Accumulated other comprehensive income 226,939 179,855
Total Stockholders' Equity (1,066,596) (1,039,331)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 415,515 $ 484,153
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Dec. 31, 2016
Dec. 31, 2015
Statement of Financial Position [Abstract]    
Common stock, par value (in dollars per share) $ 0.000001 $ 0.000001
Common stock, authorized 99,975,000,000 99,975,000,000
Common stock, issued 5,098,725,000 3,999,000,000
Common stock, outstanding 5,098,725,000 3,999,000,000
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]    
REVENUE $ 1,865,789 $ 2,780,021
COST OF REVENUE (1,226,851) (2,686,232)
GROSS PROFIT 638,938 93,789
OPERATING EXPENSES    
Selling expense (2,152) (6,319)
General and administrative expenses (1,663,937) (773,501)
Total Operating Expenses (1,666,089) (779,820)
LOSS FROM OPERATIONS (1,027,151) (686,031)
OTHER INCOME/(EXPENSE), NET    
Other Income 189,501
Other Expense (42,139) (39,881)
Share of loss in an associated company (25,716)
Total Other Income / (Expense), net 121,646 (39,881)
NET LOSS BEFORE TAXES (905,505) (725,912)
Income tax expense
Net loss (905,505) (725,912)
OTHER COMPREHENSIVE (LOSS)/INCOME    
Foreign currency translation adjustment 47,084 156,772
TOTAL COMPREHENSIVE (LOSS) $ (858,421) $ (569,140)
Weighted average number of common shares outstanding - basic and diluted 4,936,470,492 3,999,000,000
Net loss per share - basic and diluted $ (0.00) $ (0.00)
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Total
Balance, at beginning at Dec. 31, 2014 $ (1,007,721) $ 23,083 $ (984,638)
Balance, at beginning (in shares) at Dec. 31, 2014        
Issuance of shares $ 3,999 510,448 514,447
Issuance of shares (in shares) 3,999,000,000        
Net loss (725,912) (725,912)
Foreign currency translation adjustment 156,772 156,772
Balance, at end at Dec. 31, 2015 $ 3,999 510,448 (1,733,633) 179,855 $ (1,039,331)
Balance, at end (in shares) at Dec. 31, 2015 3,999,000,000       3,999,000,000
Reverse merger recapitalization $ 1,100 (1,100)
Reverse merger recapitalization (in shares) 1,099,725,000        
Cancellation Debt 831,156 831,156
Net loss (905,505) (905,505)
Foreign currency translation adjustment 47,084 47,084
Balance, at end at Dec. 31, 2016 $ 5,099 $ 1,340,504 $ (2,639,138) $ 226,939 $ (1,066,596)
Balance, at end (in shares) at Dec. 31, 2016 5,098,725,000       5,098,725,000
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (905,505) $ (725,912)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation - property, plant and equipment 19,165 4,962
Accounts receivable (1,944)
Prepayment 7,238 (12,308)
Other receivables and other assets 25,478 (23,948)
Inventories (44,043) 1,176
Advance from related parties (27,082)
Trade creditor 8,251
Amount due to related parties 831,156 233,100
Due from director 441
Commission payables (421,740) 537,655
Other payables and accrued expenses (288,656) 743,151
Tax payable (17,586)
Net cash (used in) generated from operating activities (814,827) 757,876
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (108,977) (84,595)
Net cash used in investing activities (108,977) (84,595)
CASH FLOWS FROM FINANCING ACTIVITIES    
Capital contribution by shareholders 23,288
Proceeds from directors
Proceeds from/(Repayments to) stockholders (578,771)
Proceeds from related parties 678,358
Net cash provided by (used in) financing activities 678,358 (555,483)
EFFECT OF EXCHANGE RATES ON CASH 47,084 156,772
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (198,362) 274,570
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 303,794 29,224
CASH AND CASH EQUIVALENTS AT END OF YEAR 105,432 303,794
SUPPLEMENTAL OF CASH FLOW INFORMATION    
Cash paid for interest expenses
Cash paid for income tax
ORGANIZATION AND BUSINESS
12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION AND BUSINESS
  1. ORGANIZATION AND BUSINESS

 

Vitaxel Group Limited (formerly Albero, Corp.,the “Company”), incorporated in Nevada, is engaged in direct selling industry and online shopping platform primarilythrough its operating entities in Malaysia.

 

Vitaxel SDN BHD ("Vitaxel"), was incorporatedin Malaysia on August 10, 2012. The Company is primarily engaged in the direct selling industry utilizing a multi-level marketingmodel 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. The Company is primarily in developing online shopping platforms geared toVitaxel and its members and the third-party suppliers of products and services.

 

Vitaxel Singapore PTE. Ltd. (“VitaxelSingapore”) was incorporated in Singapore on February 16, 2016.

 

REVERSE ACQUISITION

 

On January 18, 2016, the Company completedand closed a share exchange (the “Share Exchange”) under a Share Exchange Agreement (the “Share Exchange Agreement”)of the same date among us, Vitaxel SDN BHD, a Malaysian corporation (“Vitaxel”), the shareholders of Vitaxel, VitaxelOnline Mall SDN BHD, a Malaysian corporation (“Vionmall”) and the shareholders of Vionmall pursuant to which Vitaxeland Vionmall each became wholly owned subsidiaries of ours. In the Share Exchange, all of the outstanding shares of Vitaxel andVionmall were converted into shares of our Common Stock.

 

In connection with the Share Exchange and pursuantto the Split-Off Agreement, we transferred our pre-Share Exchange assets and liabilities of our former horse breeding businessto our pre-Share Exchange majority stockholder, in exchange for the surrender by him and cancellation of 3,000,000 shares of ourCommon Stock.

 

As a result of the Share Exchange and Split-Off,we discontinued our pre-Share Exchange business and acquired the businesses of Vitaxel and Vionmall, and will continue the existingbusiness operations of Vitaxel and Vionmall as a publicly-traded company under the name Vitaxel Group Limited.

 

In accordance with “reverse acquisition”accounting treatment, our historical financial statements as of period ends, and for periods ended, prior to the acquisition willbe replaced with the historical financial statements of Vitaxel and Vionmall prior to the Share Exchange in all future filingswith the SEC.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation

 

The accompanying consolidated financial statementsof the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.GAAP”).

 

This basis of accounting involves the applicationof accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized whenincurred. The Company’s financial statements are expressed in U.S. dollars.

 

Fiscal year end is December 31.

 

Use of estimates

 

The preparation of consolidated financialstatements in conformity with accounting principles generally accepted in the United States of America requires management tomake estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assetsand liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reportingperiods. Actual results could differ from those estimates.

 

Foreign currency translation and transactions

 

The functional currency of the Company is theMalaysian Ringgit (“MYR”) and reporting currency of the Company is United States Dollar “USD”). The financialstatements of the Company are translated into USD using the exchange rate as of the balance sheet date for assets and liabilitiesand average exchange rate for the year for income and expense items. Translation gains and losses are recorded in accumulated othercomprehensive income or loss as a component of shareholders' equity.

 

Cash and cash equivalents

 

Cash and cash equivalents consist of cash onhand and highly liquid investments, which are unrestricted from withdrawal or use, and which have original maturities of threemonths or less when purchased.

 

Accounts receivable

 

Accounts receivable are recognized and carriedat original invoiced amount less an allowance for any potential uncollectible amounts. An estimate for doubtful debts is made whencollection of the full amount is no longer probable. Bad debts are written off as incurred. The Company generally does not requirecollateral from its customers. For the year ended December 31, 2016 and 2015, the Company did not write off any accounts receivableas bad debts.

 

Fair value of financial instruments

 

FASB ASC 820, “Fair Value Measurement,”specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions othermarket participants would use based upon market data obtained from independent sources (observable inputs). In accordance withASC 820, the following summarizes the fair value hierarchy:

 

Level 1 Inputs – Unadjustedquoted market prices for identical assets and liabilities in an active market that the Company has the ability to access.

 

Level 2 Inputs – Inputs otherthan the quoted prices in active markets that are observable either directly or indirectly.

 

Level 3 Inputs – Inputs basedon prices or valuation techniques that are both unobservable and significant to the overall fair value measurements.

 

ASC 820 requires the use of observable marketdata, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels ofthe hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significantto the fair value measurements. Valuation techniques used need to maximize the use of observable inputs and minimize the use ofunobservable inputs. As of December 31, 2016 and 2015, none of the Company’s assets and liabilities was required to be reportedat fair value on a recurring basis. Carrying values of non-derivative financial instruments, including cash, accounts receivables,payables and accrued liabilities, approximate their fair values due to the short-term nature of these financial instruments. Therewere no changes in methods or assumptions during the periods presented.

 

Inventories

 

Inventories are stated at lower of cost ormarket, with cost determined on a weighted-average method, and not to exceed net realizable value. The Company writes down itsinventory balances for obsolete amounts estimated on an individual basis for the finished goods and the raw material items withlarge amounts, and by a category basis for low value raw material items.

 

Long-term investment

 

On April 20, 2016, the Company invested 959,800Thai Baht or $27,539 to Vitaxel Corporation Thailand Co., Ltd., a company registered in Thailand, and hold 47.99% shares of it.The long-term investment is accounted using in equity method.

 

 

Property, plant and equipment, net

 

Property, plant and equipment are carried atcost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives:

 

  Office equipment 10 years

 

  Computer equipment 10 years

 

  Furniture and fixtures 10 years

 

  Electrical & fitting 10 years

 

  Motor vehicle 10 years

 

  Software and website 10 years

 

  Leasehold improvement 10 years

 

Revenue recognition

 

Product sales − The Company generallyrecognizes revenue upon delivery and when both the title and risk and rewards pass to the independent members or purchasers ofthe products. Product sales are recognized net of product returns, discounts and taxes. A reserve for product returns is accruedbased on historical experience. There was no deferred revenue accrued as of December 31, 2016 and 2015.

 

Membership fee − The Company recognizesthe membership fee revenue over the term of the membership, which is 12 months. The revenue will not be recognized until the 10days cooling-off period is expired. For the year ended December 31, 2016 and 2015, all membership fees were waived by the Companyfor promotion purpose.

 

Loyalty program

 

The Company operates loyalty program whichallows customer to accumulate redemption points when they purchase products from the Company. The redemption points can be usedto purchase a selection of products at discounted price or redeem products.

 

The Company allocates consideration receivedfrom the sale of goods to the goods sold and the redemption points issued that are expected to be redeemed.

 

The consideration allocated to the redemptionspoints issued is measured at fair value of the redemption points. It is recognized as a liability (deferred revenue) in the statementof financial position and recognized as revenue when the points are redeemed, have expired or are no longer expected to be redeemed.The amount of revenue recognized is based on the number of points that have been redeemed, relative to the number expected to redeem.

 

Commission expense

 

Commission expense incurred by the Companyis recognized as cost of revenue and as a liability (commission payable in the consolidated balance sheet. Commission expense isnot recoverable once recognized and is expensed as incurred

 

Income taxes

 

Current income taxes are provided for in accordancewith the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between thetax bases of assets and liabilities and their reported amounts in the combined financial statements.Net operating loss carry forwardsand credits are applied using enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuationallowance when, in the opinion of management, it is more-likely-than-not that a portion of or all of the deferred tax assets willnot be realized. The components of the deferred tax assets and liabilities are individually classified as current and non-currentbased on their characteristics.

 

The impact of an uncertain income tax positionon the income tax return is recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevanttax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.Interest and penalties on income taxes are classified as a component of the provisions for income taxes. The Company did not recognizeany income tax due to uncertain tax positions or incur any interest and penalties related to potential underpaid income tax expenseas of December 31, 2016 and 2015.

 

Forward Stock split

 

On January 27, 2016, our Board of Directorsdeclared a 1333-for-1 forward stock split of our outstanding common stock, par value $0.000001 per share in the form of a dividend(the “Stock Split”) with a record date of February 8, 2016 (the “Record Date”). On February 22, 2016, FinancialIndustry Regulatory Authority, Inc. (“FINRA”) notified us of its announcement of the payment date of the Stock Splitas February 23, 2016 (the “Payment Date”). On the Payment Date, as a result of the Stock split, each holder of ourcommon stock as of the Record Date received 1332 additional shares of our common stock for each one share owned, rounded up tothe nearest whole share. All common stock share amounts referenced in this Annual Report give retroactive effect to the Stock Split.

 

Comprehensive loss

 

Comprehensive loss includes net loss and cumulativeforeign currency translation adjustments and is reported in the Combined Statement of Comprehensive Loss.

 

Loss per share

 

The loss per share is computed using the weightedaverage number of shares outstanding during the fiscal years. For the year ended December 31, 2016 and 2015, there was no dilutiveeffect due to net loss.

 

Recently issued accounting pronouncements

 

Financial instrument: In January 2016,the FASB issued ASU No. 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of FinancialAssets and Financial Liabilities” (“ASU 2016-01”). The standard addresses certain aspects of recognition, measurement,presentation, and disclosure of financial instruments. ASU 2016-01 is effective fo fiscal years, and interim periods within thoseyears, beginning after December 15, 2017, and early adoption is not permitted. Accordingly, the standard is effective for us onSeptember 1, 2018. We are currently evaluating the impact that the standard will have on our consolidated financial statements.

 

Leases: In February 2016, the FASB issuedASU No. 2016-02, Leases (Topic 842) (“ASU 2016-2”), which provides guidance on lease amendments to the FASB AccountingStandard Codification. This ASU will be effective for us beginning in May 1, 2019. We are currently in the process of evaluatingthe impact of the adoption of ASU 2016-2on our consolidated financial statements.

 

Statement of Cash Flows: In August 2016,the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): The amendments in this Update apply to all entities, includingboth business entities and not-for-profit entities that are required to present a statement of cash flows under Topic 230. Theamendments in this Update provide guidance on the following eight specific cash flow issues. The amendments are an improvementto GAAP because they provide guidance for each of the eight issues, thereby reducing the current and potential future diversityin practice described above. ASU 2016-15 is effective for the Company for fiscal years beginning after December 15, 2017, includinginterim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company isstill evaluating the effect that this guidance will have on the Company’s consolidated financial statements and related disclosures.

 

Company believes that there were no other accountingstandards recently issued that had or are expected to have a material impact on our financial position or results of operations.

GOING CONCERN
12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
GOING CONCERN
  3. GOING CONCERN

 

These consolidated financial statements havebeen prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and thedischarge of liabilities in the normal course of business for the foreseeable future.

 

For the year ended December 31, 2016, the Companyreported a net loss of $905,505 and working capital deficit of $1,261,265. The Company had an accumulated deficit of $2,639,138as of December 31, 2016 due to the fact that the Company incurred losses during the year ended December 31, 2016.

 

The ability to continue as a going concernis dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet itsobligations and repay its liabilities arising from normal business operations when they become due. These combined financial statementsdo not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilitiesthat might be necessary should the Company be unable to continue as a going concern.

 

The Company expects to finance operations primarilythrough cash flow from revenue and capital contributions from principal shareholders. In the event that we require additional fundingto finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives,our principal shareholders have indicated the intent and ability to provide additional equity financing.

 

These conditions raise substantial doubt aboutthe Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent onour ability to meet obligations as they become due and to obtain additional equity or alternative financing required to fund operationsuntil sufficient sources of recurring revenues can be generated. There can be no assurance that the Company will be successfulin its plans described above or in attracting equity or alternative financing on acceptable terms, or if at all. The financialstatements do not include any adjustments that might result from the outcome of this uncertainty.

OTHER RECEIVABLES AND OTHER ASSETS
12 Months Ended
Dec. 31, 2016
Other Receivables And Other Assets  
OTHER RECEIVABLES AND OTHER ASSETS
  4. OTHER RECEIVABLES AND OTHER ASSETS

 

Other receivables and other assets consist of the following:

 

    As of 
December 31,
2016
    As of 
December 31,
2015
 
                 
Deposits (1)   $ 19,497     $ 45,830  
Others (2)     2,481       7,494  
    $ 21,978     $ 53,324  

 

  (1) Deposits represented payments for rental and utilities.

 

  (2) Others mainly consists other miscellaneous payments.
LONG-TERM INVESTMENT
12 Months Ended
Dec. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
LONG-TERM INVESTMENT
  5. LONG-TERM INVESTMENT

 

On April 20, 2016, the Company invested 959,800 Thai Baht or $27,539to Vitaxel Corp. (Thailand) Ltd.,  a company registered in Thailand, and hold 47.99% shares of it. The long-term investmentis accounted using the equity method.

 

Long-term investment consists of the following:

 

    As of 
December 31,
2016
    As of 
December 31,
2015
 
                 
Long-term investment – In an associated company   $ 27,539     $ -  
Long-term investment – share of loss in investment in an associated company     (25,716 )     -  
Foreign currency translation adjustment     (1,823 )     -  
    $ -     $ -  
PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment, Net [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET
  6. PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment, net consist of the following:

 

    As of 
December 31,
2016
    As of 
December 31,
2015
 
                 
Office equipment   $ 30,476     $ 19,160  
Computer equipment     61,516       29,945  
Furniture and fittings     7,131       12,238  
Electrical & fitting     337       -  
Motor vehicle     15,315       -  
Software and website     7,544       -  
Renovations     98,167       50,166  
      220,486       111,509  
                 
Less: Accumulated depreciation     (25,817 )     (6,652 )
                 
 Balance at end of year   $ 194,669     $ 104,857  

 

Depreciation expenses charged to the statements of operations forthe year ended December 31, 2016 and 2015 were $19,165 and $4,962 respectively.

ACCRUALS AND OTHER PAYABLES
12 Months Ended
Dec. 31, 2016
Payables and Accruals [Abstract]  
ACCRUALS AND OTHER PAYABLES
  7. ACCRUALS AND OTHER PAYABLES

 

Accruals and other payables consist of the following:

 

    As of 
December 31,
2016
    As of 
December 31,
2015
 
                 
Provisions and accruals   $ 21,243     $ 594,492  
Others     425,244       140,651  
 Balance at end of year   $ 446,487     $ 735,143  
INCOME TAX
12 Months Ended
Dec. 31, 2016
Disclosure Text Block [Abstract]  
INCOME TAX
  8. INCOME TAX

 

Provision for income taxes consisted of thefollowing:

 

      For the year ended  
      December
31, 2016
      December
31, 2015
 
                 
Current:                
Provision for Malaysian income tax   $ -     $ -  
Provision for Singaporean income tax                
Provision for U.S. income tax     -       -  
Deferred:                
Provision for Malaysian income tax     -       -  
Provision for Singaporean income tax     -       -  
Provision for U.S. income tax     -       -  
    $ -     $ -  

 

Malaysia

The Company’s two main operating subsidiaries, Vitaxel SDNBHD and Vitaxel Online Mall SDN BHD are companies incorporated in Malaysia. They recorded a loss before income tax of $680,391and $725,912 for the year ended December 31, 2016 and 2015 respectively. A reconciliation of the provision for income taxes withamounts determined by applying the Malaysian income tax rate of 24% and 25% for the years ended December 31, 2016 and 2015, respectively,to income before income taxes is as follows:

 

    For the year ended  
    December
31, 2016
    December
31, 2015
 
             
Profit (loss) before income tax   $ (680,391 )   $ (725,912 )
Permanent difference     680,391       725,912  
Taxable income   $ -     $ -  
Malaysian income tax rate     24 %     25 %
Current tax expenses   $ -     $ -  
Less: Valuation allowance             -  
Income tax expenses   $ -     $ -  

 

United States of America

Vitaxel Group Limited is a company incorporated in State of Nevadaand recorded a loss before income tax of $225,114 and nil for the year ended December 31, 2016 and 2015 respectively. A reconciliationof the provision for income taxes with amounts determined by applying the United States Federal income tax rate of 34% for theyears ended December 31, 2016 and 2015, respectively, to income before income taxes is as follows:

 

    For the year ended  
    December
31, 2016
    December
31, 2015
 
             
Profit (loss) before income tax   $ (225,114 )   $ -  
Permanent difference     225,114       -  
Taxable income   $ -     $ -  
Malaysian income tax rate     34 %     34 %
Current tax expenses   $ -     $ -  
Less: Valuation allowance             -  
Income tax expenses   $ -     $ -  

 

Singapore

Vitaxel Singapore PTE. Ltd. is a company incorporated in Singaporeand is subject to a statutory income tax rate of 8.5% on corporate profits up to SGD300,000 and 17% above SGD300,000. No provisionfor income tax is required due to the company not having any income or losses for the years ended December 31, 2016 and 2015.

 

No deferred tax has been provided as there are no material temporarydifferences arising during the year ended December 31, 2016 and 2015. 

AMOUNT DUE FROM AN ASSOCIATE COMPANY
12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
AMOUNT DUE FROM AN ASSOCIATE COMPANY
  9. AMOUNTS DUE TO AN ASSOCIATED COMPANY

 

    As of
December 31,
2016
    As of 
December 31,
2015
 
Amounts due to an associated company                
Vitaxel Corp.(Thailand) Ltd.   $ 279,219     $ -  
RELATED PARTIES TRANSCTIONS
12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
RELATED PARTIES TRANSCTIONS
  10. RELATED PARTY TRANSACTIONS

 

As of December 31, 2016 and 2015, the amount of due from a relatedparty, Beedo SDN BHD, was $22,399 and nil respectively. Beedo SDN BHD was a subsidiary of related company Ho Wah Genting GroupSDN BHD from June 25, 2015 to August 12, 2016.

 

As of December 31, 2016 and 2015, the amount of due from director,LIM WEE KIAT, was $1,482 and $5,638 respectively. These amounts were unsecured, interest-free and repayable on demand.

 

As of December 31, 2016 and 2015, the amount due from Leong YeeMing was $3,945 and $230, respectively. These amounts were unsecured, interest-free and repayable on demand.

 

As of December 31, 2016 and 2015, the amount of due to a relatedparty, Ho Wah Genting Group Sdn Bhd, was $607,918 and $233,100 respectively. The President of the Company, Dato’ Lim HuiBoon, is also the Group President of Ho Wah Genting Sdn Bhd.

 

The amount due to Ho Wah Genting Holiday Sdn Bhd was $8,807 as ofDecember 31, 2016 and $nil as of December 31, 2015. A former director of the Company, Lim Chun Hoo, is also a director of Ho WahGenting Holiday Sdn Bhd. On March 31, 2017, Lim Chun Hoo resigned from the Company.

 

The amount due to Genting Highlands Taxi Services SDN BHD was $16,234and $nil respectively as of December 31, 2016 and 2015. A director of the Company, Lim Wee Kiat, is also a director of GentingHighlands Taxi Services SDN BHD.

 

The amount due to the Company’s associated company, VitaxelCorp. (Thailand) Ltd., was $279,219 as of December 31, 2016 and $nil as of December 31, 2015.

 

The Company recognized an expense of $110,439 and $nil pertainingfor event, traveling and accommodation expenses during the year ended December 31, 2016 and 2015, respectively, which was chargedto its related company, Ho Wah Genting Holiday Sdn. Bhd.

 

The Company recognized an expense of $20,304 and $nil pertainingto rent during the year ended December 31, 2016 and 2015, respectively, which was paid to its affiliate, Ho Wah Genting Berhad.The operating lease commitment to Ho Wah Genting Berhad as of December 31, 2016 was $40,607.

 

The Company purchased a motor vehicle of $16,601 and $nil pertainingto the year ended December 31, 2016 and 2015, respectively, which was charged by its related company, Genting Highlands Taxi ServicesSdn. Bhd.

 

The Company recognized an expense of $74,882 and $nil pertainingfor website maintenance expense during the year ended December 31, 2016 and 2015, respectively, which was charged by its relatedcompany, Beedo Sdn. Bhd.

 

The Company recognized an income of $172,348 and $nil pertainingfor royalties during the year ended December 31, 2016 and 2015 which was paid by its associated company, Vitaxel Corp. (Thailand)Limited.

COMMITMENTS AND CONTINGENCIES
12 Months Ended
Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES
  11. COMMITMENTS AND CONTIGENCIES

 

Capital Commitments

 

As of December 31, 2016 and 2015, Company has no capital commitments.

 

Operation Commitments

 

The total future minimum lease payments under the non-cancellableoperating lease with respect to the office and the dormitory, as well as hardware trading platform as of December 31, 2016 arepayable as follows:

 

Year ending December 31, 2017     85,172  
Year ending December 31, 2018     24,618  
Total   $ 109,790  

 

Rental expense of the Company was $115,826 and $6,445 for the yearsended December 31, 2016 and 2015, respectively.

EARNINGS (LOSS) PER SHARE
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
  12. EARNINGS (LOSS) PER SHARE

 

The Company has adopted ASC Topic No. 260, “EarningsPer Share,” (“EPS”) which requires presentation of basic and diluted EPS on the face of the income statement,and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator ofthe diluted EPS computation. In the accompanying financial statements, basic earnings (loss) per share is computed by dividingnet income (loss) by the weighted average number of shares of common stock outstanding during the year.

 

The following table sets forth the computationof basic and diluted earnings per share:

 

    For the years ended  
    December
31, 2016
    December
31, 2015
 
             
Net loss applicable to common shares   $ (905,505 )   $ (725,912 )
                 
Weighted average common shares outstanding (Basic)     4,936,470,492       3,999,000,000  
                 
Weighted average common shares outstanding (Diluted)     4,936,470,492       3,999,000,000  
                 
    $ (0.00 )   $ (0.00 )

 

The Company has no potentially dilutive securities,such as options or warrants, currently issued and outstanding.

SUBSEQUENT EVENT
12 Months Ended
Dec. 31, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENT
  13. SUBSEQUENT EVENT

 

The company has evaluated the period after the balance sheet datethrough the day that the financial statements were issued, and determined that there were no subsequent events or transactionsthat required recognition or disclosure in the financial statements except the following:

 

On January 15, 2017, the Company was notified by Mr. Lee Wei Boon,a director and named executive officer, that he was resigning as a director and as Chief Financial Officer and Treasurer of theCompany, with such resignations being effective on January 15, 2017.

 

On March 31, 2017, Mr. Lim Chun Hoo notified the Company that hewas resigning from the Board of Directors of the Company (“Board”), effective immediately. Lim Chun Hoo’s resignationwas not due to any matter related to the Company’s operations, policies or practices, his experiences while serving on theBoard or any disagreement with the Board or management team.

 

On April 3, 2017, we appointed Ng Kar Woh (“Mr. Ng”),age 37, to serve as the Chief Financial Officer of Vitaxel Group Limited (“Vitaxel” or the “Company”).

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Basis of presentation

Basis of presentation

 

The accompanying consolidated financial statementsof the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.GAAP”).

 

This basis of accounting involves the applicationof accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized whenincurred. The Company’s financial statements are expressed in U.S. dollars.

 

Fiscal year end is December 31.

Use of estimates

Use of estimates

 

The preparation of consolidated financial statementsin conformity with accounting principles generally accepted in the United States of America requires management to make estimatesand assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilitiesat the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actualresults could differ from those estimates.

Foreign currency translation and transactions

Foreign currency translation and transactions

 

The functional currency of the Company is theMalaysian Ringgit (“MYR”) and reporting currency of the Company is United States Dollar “USD”). The financialstatements of the Company are translated into USD using the exchange rate as of the balance sheet date for assets and liabilitiesand average exchange rate for the year for income and expense items. Translation gains and losses are recorded in accumulated othercomprehensive income or loss as a component of shareholders' equity.

Cash and cash equivalents

Cash and cash equivalents

 

Cash and cash equivalents consist of cash onhand and highly liquid investments, which are unrestricted from withdrawal or use, and which have original maturities of threemonths or less when purchased.

Accounts receivable

Accounts receivable

 

Accounts receivable are recognized and carriedat original invoiced amount less an allowance for any potential uncollectible amounts. An estimate for doubtful debts is made whencollection of the full amount is no longer probable. Bad debts are written off as incurred. The Company generally does not requirecollateral from its customers. For the year ended December 31, 2016 and 2015, the Company did not write off any accounts receivableas bad debts.

Fair value of financial instruments

Fair value of financial instruments

 

FASB ASC 820, “Fair Value Measurement,”specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions othermarket participants would use based upon market data obtained from independent sources (observable inputs). In accordance withASC 820, the following summarizes the fair value hierarchy:

 

Level 1 Inputs – Unadjustedquoted market prices for identical assets and liabilities in an active market that the Company has the ability to access.

 

Level 2 Inputs – Inputs otherthan the quoted prices in active markets that are observable either directly or indirectly.

 

Level 3 Inputs – Inputs basedon prices or valuation techniques that are both unobservable and significant to the overall fair value measurements.

 

ASC 820 requires the use of observable marketdata, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels ofthe hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significantto the fair value measurements. Valuation techniques used need to maximize the use of observable inputs and minimize the use ofunobservable inputs. As of December 31, 2016 and 2015, none of the Company’s assets and liabilities was required to be reportedat fair value on a recurring basis. Carrying values of non-derivative financial instruments, including cash, accounts receivables,payables and accrued liabilities, approximate their fair values due to the short-term nature of these financial instruments. Therewere no changes in methods or assumptions during the periods presented.

Inventories

Inventories

 

Inventories are stated at lower of cost ormarket, with cost determined on a weighted-average method, and not to exceed net realizable value. The Company writes down itsinventory balances for obsolete amounts estimated on an individual basis for the finished goods and the raw material items withlarge amounts, and by a category basis for low value raw material items.

Long-term investment

Long-term investment

 

On April 20, 2016, the Company invested 959,800Thai Baht or $27,539 to Vitaxel Corporation Thailand Co., Ltd., a company registered in Thailand, and hold 47.99% shares of it.The long-term investment is accounted using in equity method.

Property, plant and equipment, net

Property, plant and equipment, net

 

Property, plant and equipment are carriedat cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated usefullives:

 

  Office equipment 10 years

 

  Computer equipment 10 years

 

  Furniture and fixtures 10 years

 

  Electrical & fitting 10 years

 

  Motor vehicle 10 years

 

  Software and website 10 years

 

  Leasehold improvement 10 years
Revenue recognition

Revenue recognition

 

Product sales − The Company generallyrecognizes revenue upon delivery and when both the title and risk and rewards pass to the independent members or purchasers ofthe products. Product sales are recognized net of product returns, discounts and taxes. A reserve for product returns is accruedbased on historical experience. There was no deferred revenue accrued as of December 31, 2016 and 2015.

 

Membership fee − The Company recognizesthe membership fee revenue over the term of the membership, which is 12 months. The revenue will not be recognized until the 10days cooling-off period is expired. For the year ended December 31, 2016 and 2015, all membership fees were waived by the Companyfor promotion purpose.

Loyalty program

Loyalty program

 

The Company operates loyalty program whichallows customer to accumulate redemption points when they purchase products from the Company. The redemption points can be usedto purchase a selection of products at discounted price or redeem products.

 

The Company allocates consideration receivedfrom the sale of goods to the goods sold and the redemption points issued that are expected to be redeemed.

 

The consideration allocated to the redemptionspoints issued is measured at fair value of the redemption points. It is recognized as a liability (deferred revenue) in the statementof financial position and recognized as revenue when the points are redeemed, have expired or are no longer expected to be redeemed.The amount of revenue recognized is based on the number of points that have been redeemed, relative to the number expected to redeem.

Commission expense

Commission expense

 

Commission expense incurred by the Companyis recognized as cost of revenue and as a liability (commission payable in the consolidated balance sheet. Commission expense isnot recoverable once recognized and is expensed as incurred

Income taxes

Income taxes

 

Current income taxes are provided for in accordancewith the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between thetax bases of assets and liabilities and their reported amounts in the combined financial statements.Net operating loss carry forwardsand credits are applied using enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuationallowance when, in the opinion of management, it is more-likely-than-not that a portion of or all of the deferred tax assets willnot be realized. The components of the deferred tax assets and liabilities are individually classified as current and non-currentbased on their characteristics.

 

The impact of an uncertain income tax positionon the income tax return is recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevanttax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.Interest and penalties on income taxes are classified as a component of the provisions for income taxes. The Company did not recognizeany income tax due to uncertain tax positions or incur any interest and penalties related to potential underpaid income tax expenseas of December 31, 2016 and 2015.

Forward Stock split

Forward Stock split

 

On January 27, 2016, our Board of Directorsdeclared a 1333-for-1 forward stock split of our outstanding common stock, par value $0.000001 per share in the form of a dividend(the “Stock Split”) with a record date of February 8, 2016 (the “Record Date”). On February 22, 2016, FinancialIndustry Regulatory Authority, Inc. (“FINRA”) notified us of its announcement of the payment date of the Stock Splitas February 23, 2016 (the “Payment Date”). On the Payment Date, as a result of the Stock split, each holder of ourcommon stock as of the Record Date received 1332 additional shares of our common stock for each one share owned, rounded up tothe nearest whole share. All common stock share amounts referenced in this Annual Report give retroactive effect to the Stock Split.

Comprehensive loss

Comprehensive loss

 

Comprehensive loss includes net loss and cumulativeforeign currency translation adjustments and is reported in the Combined Statement of Comprehensive Loss.

Loss per share

Loss per share

 

The loss per share is computed using the weightedaverage number of shares outstanding during the fiscal years. For the year ended December 31, 2016 and 2015, there was no dilutiveeffect due to net loss.

Recently issued accounting pronouncements

Recently issued accounting pronouncements

 

Financial instrument: In January 2016,the FASB issued ASU No. 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of FinancialAssets and Financial Liabilities” (“ASU 2016-01”). The standard addresses certain aspects of recognition, measurement,presentation, and disclosure of financial instruments. ASU 2016-01 is effective fo fiscal years, and interim periods within thoseyears, beginning after December 15, 2017, and early adoption is not permitted. Accordingly, the standard is effective for us onSeptember 1, 2018. We are currently evaluating the impact that the standard will have on our consolidated financial statements.

 

Leases: In February 2016, the FASB issuedASU No. 2016-02, Leases (Topic 842) (“ASU 2016-2”), which provides guidance on lease amendments to the FASB AccountingStandard Codification. This ASU will be effective for us beginning in May 1, 2019. We are currently in the process of evaluatingthe impact of the adoption of ASU 2016-2on our consolidated financial statements.

 

Statement of Cash Flows: In August 2016,the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): The amendments in this Update apply to all entities, includingboth business entities and not-for-profit entities that are required to present a statement of cash flows under Topic 230. Theamendments in this Update provide guidance on the following eight specific cash flow issues. The amendments are an improvementto GAAP because they provide guidance for each of the eight issues, thereby reducing the current and potential future diversityin practice described above. ASU 2016-15 is effective for the Company for fiscal years beginning after December 15, 2017, includinginterim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company isstill evaluating the effect that this guidance will have on the Company’s consolidated financial statements and related disclosures.

 

Company believes that there were no other accountingstandards recently issued that had or are expected to have a material impact on our financial position or results of operations.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of property, plant and equipment estimated useful lives

Depreciation is calculated on a straight-line basis over the following estimated usefullives:

 

  Office equipment 10 years

 

  Computer equipment 10 years

 

  Furniture and fixtures 10 years

 

  Electrical & fitting 10 years

 

  Motor vehicle 10 years

 

  Software and website 10 years

 

  Leasehold improvement 10 years
OTHER RECEIVABLES AND OTHER ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
Other Receivables And Other Assets  
Schedule of other receivables and other assets

Other receivables and other assets consist of the following:

 

    As of 
December 31,
2016
    As of 
December 31,
2015
 
                 
Deposits (1)   $ 19,497     $ 45,830  
Others (2)     2,481       7,494  
    $ 21,978     $ 53,324  

 

  (1) Deposits represented payments for rental and utilities.

 

  (2) Others mainly consists other miscellaneous payments.
LONG-TERM INVESTMENT (Tables)
12 Months Ended
Dec. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of long-term investment

Long-term investment consists of the following:

 

    As of 
December 31,
2016
    As of 
December 31,
2015
 
                 
Long-term investment – In an associated company   $ 27,539     $ -  
Long-term investment – share of loss in investment in an associated company     (25,716 )     -  
Foreign currency translation adjustment     (1,823 )     -  
    $ -     $ -  
PROPERTY, PLANT AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment, Net [Abstract]  
Schedule of property, plant and equipment, net

Property, plant and equipment, net consist of the following:

 

    As of 
December 31,
2016
    As of 
December 31,
2015
 
                 
Office equipment   $ 30,476     $ 19,160  
Computer equipment     61,516       29,945  
Furniture and fittings     7,131       12,238  
Electrical & fitting     337       -  
Motor vehicle     15,315       -  
Software and website     7,544       -  
Renovations     98,167       50,166  
      220,486       111,509  
                 
Less: Accumulated depreciation     (25,817 )     (6,652 )
                 
 Balance at end of year   $ 194,669     $ 104,857  
ACCRUALS AND OTHER PAYABLES (Tables)
12 Months Ended
Dec. 31, 2016
Payables and Accruals [Abstract]  
Schedule of accruals and other payables

Accruals and other payables consist of the following:

 

    As of 
December 31,
2016
    As of 
December 31,
2015
 
                 
Provisions and accruals   $ 21,243     $ 594,492  
Others     425,244       140,651  
 Balance at end of year   $ 446,487     $ 735,143  
INCOME TAX (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure Text Block [Abstract]  
Provision for income taxes

Provision for income taxes consisted of thefollowing:

 

      For the year ended  
      December
31, 2016
      December
31, 2015
 
                 
Current:                
Provision for Malaysian income tax   $ -     $ -  
Provision for Singaporean income tax                
Provision for U.S. income tax     -       -  
Deferred:                
Provision for Malaysian income tax     -       -  
Provision for Singaporean income tax     -       -  
Provision for U.S. income tax     -       -  
    $ -     $ -  
Schedule of Income before Income Tax

A reconciliation of the provision for income taxes with amountsdetermined by applying the Malaysian income tax rate of 24% and 25% for the years ended December 31, 2016 and 2015, respectively,to income before income taxes is as follows:

 

    For the year ended  
    December
31, 2016
    December
31, 2015
 
             
Profit (loss) before income tax   $ (680,391 )   $ (725,912 )
Permanent difference     680,391       725,912  
Taxable income   $ -     $ -  
Malaysian income tax rate     24 %     25 %
Current tax expenses   $ -     $ -  
Less: Valuation allowance             -  
Income tax expenses   $ -     $ -  

 

A reconciliation of the provision for income taxes with amountsdetermined by applying the United States Federal income tax rate of 34% for the years ended December 31, 2016 and 2015, respectively,to income before income taxes is as follows:

 

    For the year ended  
    December
31, 2016
    December
31, 2015
 
             
Profit (loss) before income tax   $ (225,114 )   $ -  
Permanent difference     225,114       -  
Taxable income   $ -     $ -  
Malaysian income tax rate     34 %     34 %
Current tax expenses   $ -     $ -  
Less: Valuation allowance             -  
Income tax expenses   $ -     $ -  
AMOUNT DUE FROM AN ASSOCIATE COMPANY (Tables)
12 Months Ended
Dec. 31, 2016
Amount Due From Associate Company Tables  
Schedule of amount due from an associate company
    As of
December 31,
2016
    As of 
December 31,
2015
 
Amounts due to an associated company                
Vitaxel Corp.(Thailand) Ltd.   $ 279,219     $ -  
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Schedule of future minimum lease payments under the non-cancellable operating lease

The total future minimum lease payments under the non-cancellableoperating lease with respect to the office and the dormitory, as well as hardware trading platform as of December 31, 2016 arepayable as follows:

 

Year ending December 31, 2017     85,172  
Year ending December 31, 2018     24,618  
Total   $ 109,790  
EARNINGS (LOSS) PER SHARE (Table)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computationof basic and diluted earnings per share:

 

    For the years ended  
    December
31, 2016
    December
31, 2015
 
             
Net loss applicable to common shares   $ (905,505 )   $ (725,912 )
                 
Weighted average common shares outstanding (Basic)     4,936,470,492       3,999,000,000  
                 
Weighted average common shares outstanding (Diluted)     4,936,470,492       3,999,000,000  
                 
    $ (0.00 )   $ (0.00 )
ORGANIZATION AND BUSINESS (Details Narrative)
Jan. 18, 2016
shares
Share Exchange & Split-Off Agreement [Member]  
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]  
Number of shares surrender and cancellation 3,000,000
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
12 Months Ended
Dec. 31, 2016
Office Equipment [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives P10Y
Computer Equipment [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives P10Y
Furniture and Fixtures [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives P10Y
Electrical And Fitting [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives P10Y
Motor Vehicle [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives P10Y
Software and Website [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives P10Y
Leasehold Improvements [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives P10Y
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)
12 Months Ended
Feb. 23, 2016
Jan. 27, 2016
Dec. 31, 2016
Apr. 20, 2016
Dec. 31, 2015
Description of uncertain income tax position    

An uncertain income tax position will not be recognizedif it has less than a 50% likelihood of being sustained.

   
Description of forward stock split ratio  

1333-for-1 forward stock split

     
Common stock, par value (in dollars per share)   $ 0.000001 $ 0.000001   $ 0.000001
Number of shares issued upon forward stock split 1,332        
Vitaxel Corp Thailand, Ltd [Member]          
Long-term investment -cost     $ 27,539 $ 27,539
Ownership percentage       47.99%  
Vitaxel Corp Thailand, Ltd [Member] | Thailand, Baht [Member]          
Long-term investment -cost       $ 959,800  
GOING CONCERN (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Net Loss $ (905,505) $ (725,912)
Working capital deficit (1,261,265)  
Accumulated deficit $ 2,639,138 $ 1,733,633
OTHER RECEIVABLES AND OTHER ASSETS (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Other Receivables And Other Assets    
Deposits [1] $ 19,497 $ 45,830
Others [2] 2,481 7,494
Total other receivables and other assets $ 21,978 $ 53,324
[1] Deposits represented payments for rental and utilities.
[2] Others mainly consists other miscellaneous payments.
LONG-TERM INVESTMENT (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Apr. 20, 2016
Long-term investment    
Vitaxel Corp Thailand, Ltd [Member]      
Long-term investment - In an associated company 27,539 $ 27,539
Long-term investment - share of loss in investment in an associated company (25,716)  
Foreign currency translation adjustment (1,823)  
Long-term investment  
LONG-TERM INVESTMENT (Details Narrative) - Vitaxel Corp Thailand, Ltd [Member] - USD ($)
Dec. 31, 2016
Apr. 20, 2016
Dec. 31, 2015
Long-term investment -cost $ 27,539 $ 27,539
Ownership percentage   47.99%  
Thailand, Baht [Member]      
Long-term investment -cost   $ 959,800  
PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year $ 220,486 $ 111,509
Less: Accumulated depreciation (25,817) (6,652)
Balance at end of period/year 194,669 104,857
Office Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 30,476 19,160
Computer Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 61,516 29,945
Furniture and Fixtures [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 7,131 12,238
Electrical and Fitting [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 337
Motor Vehicle [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 15,315
Software and Website [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 7,544
Renovations [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year $ 98,167 $ 50,166
PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Property, Plant and Equipment, Net [Abstract]    
Depreciation expenses $ 19,165 $ 4,962
ACCRUALS AND OTHER PAYABLES (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Payables and Accruals [Abstract]    
Provisions and accruals $ 21,243 $ 594,492
Others 425,244 140,651
Balance at end of year $ 446,487 $ 735,143
INCOME TAX (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Current:    
Provision for income tax
Deferred:    
Provision for income tax
Total Provision for income taxes
Malaysia [Member]    
Current:    
Provision for income tax
Deferred:    
Provision for income tax
Total Provision for income taxes
Singaporean [Member]    
Current:    
Provision for income tax
Deferred:    
Provision for income tax
INCOME TAX (Details 2) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Profit (loss) before income tax $ (905,505) $ (725,912)
Taxable income
Current tax expenses
Income tax expenses
Malaysia [Member]    
Profit (loss) before income tax 680,391 725,912
Permanent difference 680,391 725,912
Taxable income
Malaysian income tax rate 24.00% 25.00%
Current tax expenses
Less: Valuation allowance  
Income tax expenses
United States of America [Member]    
Profit (loss) before income tax 225,114
Permanent difference 225,114
Taxable income
Malaysian income tax rate 34.00% 34.00%
Current tax expenses
Less: Valuation allowance  
Income tax expenses
INCOME TAX (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Loss before income tax $ (905,505) $ (725,912)
Malaysia [Member]    
Loss before income tax $ 680,391 $ 725,912
Malaysian income tax rate 24.00% 25.00%
United States of America [Member]    
Loss before income tax $ 225,114
Malaysian income tax rate 34.00% 34.00%
Singaporean [Member]    
Statutory income tax rate 0.85%  
AMOUNT DUE FROM AN ASSOCIATE COMPANY (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Amount due to an associate company $ 27,082
Vitaxel Corp Thailand, Ltd [Member]    
Amount due to an associate company $ 279,219
RELATED PARTIES TRANSCTIONS (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Related Party Transaction [Line Items]    
Due to a related party $ 632,239 $ 233,100
Rent expenses 115,826 6,445
Motor vehicle purchased 108,977 84,595
Vitaxel Corporation Corp (Thailand) [Member]    
Related Party Transaction [Line Items]    
Royalties 172,348 0
Vitaxel Corp Thailand, Ltd [Member]    
Related Party Transaction [Line Items]    
Due to a related party 279,219 279,219
Ho Wah Genting Holiday Sdn. Bhd [Member]    
Related Party Transaction [Line Items]    
Due to a related party 8,807 8,807
Traveling and accommodation expenses 110,439
Ho Wah Genting Berhad [Member]    
Related Party Transaction [Line Items]    
Rent expenses 20,304
Operating lease commitment 40,607  
Genting Highlands Taxi Services SDN BHD [Member]    
Related Party Transaction [Line Items]    
Due to a related party 16,234 16,234
Motor vehicle purchased 16,601
Beedo Sdn. Bhd [Member]    
Related Party Transaction [Line Items]    
Website maintenance expense 74,882
Ho Wah Genting Group Sdn Bhd [Member]    
Related Party Transaction [Line Items]    
Due from related party 22,399 22,399
Due to a related party 607,918 233,100
LIM WEE KIAT [Member]    
Related Party Transaction [Line Items]    
Due from related party 1,482 5,638
LEONG YEE MING [Member]    
Related Party Transaction [Line Items]    
Due from related party $ 3,945 $ 230
COMMITMENTS AND CONTINGENCIES (Details)
Dec. 31, 2016
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
Year ending December 31, 2017 $ 85,172
Year ending December 31, 2018 24,618
Total $ 109,790
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]    
Rental expense $ 115,826 $ 6,445
EARNINGS (LOSS) PER SHARE (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Earnings Per Share [Abstract]    
Net loss applicable to common shares $ (905,505) $ (725,912)
Weighted average common shares outstanding (Basic) 4,936,470,492 3,999,000,000
Weighted average common shares outstanding (Diluted) 4,936,470,492 3,999,000,000
Net loss per share - basic and diluted $ (0.00) $ (0.00)
SUBSEQUENT EVENT (Details Narrative) - Subsequent Event [Member]
1 Months Ended
Apr. 03, 2017
Jan. 15, 2017
Mar. 31, 2017
Director [Member]      
Subsequent Event, Description   Mr.Lee Wei Boon  
Board of Directors [Member]      
Subsequent Event, Description     Mr.Lim Chun Hoo
Chief Financial Officer [Member]      
Subsequent Event, Description Ng KarWoh