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Document and Entity Information - shares
9 Months Ended
Sep. 30, 2017
Nov. 14, 2017
Document And Entity Information    
Entity Registrant Name Vitaxel Group Ltd  
Entity Central Index Key 0001623590  
Document Type 10-Q  
Trading Symbol VXEL  
Document Period End Date Sep. 30, 2017  
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 Common Stock, Shares Outstanding   54,087,903
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2017  
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 170,478 $ 105,432
Accounts receivable 1,944
Inventories 27,417 53,913
Amount due from related companies 14,866 27,082
Amount due from an associated companies 112,119
Due from director 1,744 5,427
Other receivables, prepayments and other current assets 28,172 27,048
Total Current Assets 354,796 220,846
NON-CURRENT ASSETS    
Investment in associated company
Property, plant and equipment, net 214,518 194,669
Total Non-Current Assets 214,518 194,669
TOTAL ASSETS 569,314 415,515
CURRENT LIABILITIES    
Amounts due to related companies 1,527,999 632,239
Amounts due to an associated company 279,219
Commission payables 146,723 115,915
Accounts payable 8,628 8,251
Accruals and other payables 660,604 446,487
Total Current Liabilities 2,343,954 1,482,111
TOTAL LIABILITIES 2,343,954 1,482,111
STOCKHOLDERS' EQUITY    
Common stock par value $0.0001: 70,000,000 shares authorized and; 54,087,903 shares outstanding 5,409 5,409
Preferred stock par value $0.0001: 1,000,000 shares authorized; and 0 outstanding
Additional paid-in capital 1,340,194 1,340,194
Accumulated deficit (2,983,457) (2,639,138)
Accumulated other comprehensive (loss) / income (136,786) 226,939
Total Stockholders' Equity (1,774,640) (1,066,596)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 569,314 $ 415,515
CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares
Sep. 30, 2017
Dec. 31, 2016
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, issued 0 0
Preferred stock, outstanding 0 0
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
REVENUE $ 22,069 $ 434,890 $ 557,862 $ 1,729,802
COST OF REVENUE (33,533) (312,278) (236,755) (1,223,587)
GROSS PROFIT (11,464) 122,612 321,107 506,215
OPERATING EXPENSES        
Selling expense (433) (80) (691) (1,595)
General and administrative expenses (290,608) (373,645) (1,094,498) (1,303,948)
Total Operating Expenses (291,041) (373,725) (1,095,189) (1,305,543)
LOSS FROM OPERATIONS (302,505) (251,113) (774,082) (799,328)
INVESTMENT INCOME, NET 36,412 36,412
OTHER INCOME/(EXPENSE), NET        
Other Income 200 43,830 61,020
Other Expense (24,441) (22,609) (24,635) (21,756)
Total Other Income / (Expense), net (24,241) (22,609) 19,195 39,264
NET LOSS BEFORE TAXES (326,746) (237,310) (754,887) (723,652)
Income tax expense
Net gain/(loss) (326,746) (237,310) (754,887) (723,652)
OTHER COMPREHENSIVE (LOSS)/INCOME        
Foreign currency translation adjustment 214,920 74,022 (12,019) (31,804)
TOTAL COMPREHENSIVE (LOSS) $ (111,826) $ (163,288) $ (766,906) $ (755,456)
Weighted average number of shares outstanding during the period - basic and diluted 54,087,903 49,364,705 54,087,903 49,364,705
Net loss per share - Basic and diluted $ (0.00) $ (0.00) $ (0.01) $ (0.02)
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (344,319) $ (723,652)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation - property, plant and equipment 19,367 15,604
Prepayment (3,527) (470)
Other receivables and other assets 2,403 (46,042)
Deferred tax asset (7,914)
Inventories 26,496 (7,026)
Accounts receivable 1,944
Amount due from associate (112,119)
Trade creditor 377 6,203
Amount due from related parties 12,216 (24,623)
Commission payables 30,808 (271,968)
Other payables and accrued expenses 214,117 (124,131)
Deferred tax liability 7,914
Tax payable (11,901)
Net cash (used in) generated from operating activities (152,237) (1,188,006)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (39,216) (115,286)
Purchase of intangible assets (4,724)
Net cash used in investing activities (39,216) (120,010)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from directors 3,683 24,201
Proceeds from related parties 616,541 1,108,723
Net cash provided by (used in) financing activities 620,224 1,132,924
EFFECT OF EXCHANGE RATES ON CASH (363,725) (31,804)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 65,046 (206,896)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 105,432 303,794
CASH AND CASH EQUIVALENTS AT END OF YEAR 170,478 96,898
SUPPLEMENTAL OF CASH FLOW INFORMATION    
Cash paid for interest expenses
Cash paid for income tax
ORGANIZATION AND BUSINESS
9 Months Ended
Sep. 30, 2017
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 incorporated in Malaysia on August 10, 2012. The Company is primarily engaged in the direct selling industry utilizing a multi-levelmarketing 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. 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. This subsidiary was disposed on August 21, 2017.

 

REVERSE ACQUISITION

 

On January 18, 2016, the Companycompleted and closed a share exchange (the “Share Exchange”) under a Share Exchange Agreement (the “Share ExchangeAgreement”) of the same date among us, Vitaxel SDN BHD, a Malaysian corporation (“Vitaxel”), the shareholdersof Vitaxel, Vitaxel Online Mall SDN BHD, a Malaysian corporation (“Vionmall”) and the shareholders of Vionmall pursuantto which Vitaxel and Vionmall each became wholly owned subsidiaries of ours. In the Share Exchange, all of the outstanding sharesof Vitaxel and Vionmall were converted into shares of our Common Stock, as described in more detail below.

 

On January 18, 2016, in connectionwith the Share Exchange and pursuant to the Split-Off Agreement, we transferred our pre-Share Exchange assets and liabilities toour pre-Share Exchange majority stockholder, in exchange for the surrender by him and cancellation of 3,000,000 shares of our CommonStock

 

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

 

In accordance with “reverseacquisition” accounting treatment, our historical financial statements as of period ends, and for periods ended, prior tothe acquisition will be replaced with the historical financial statements of Vitaxel and Vionmall prior to the Share Exchange inall future filings with the U.S. Securities and Exchange Commission, (the “SEC”).

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation

The accompanying unaudited consolidatedfinancial statements of the Company have been prepared in accordance with accounting principles generally accepted in the UnitedStates of America (“U.S. GAAP”) for interim financial information article 8 of Regulation S-X.

 

This basis of accounting involvesthe application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and lossesare recognized when incurred. 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 to makeestimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets andliabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.Actual results could differ from those estimates.

 

Foreign currency translationand transactions

The functional currency of the Companyis the Malaysian Ringgit (“MYR”) and reporting currency of the Company is United States Dollar “USD”).The financial statements of the Company are translated into USD using the exchange rate as of the balance sheet date for assetsand liabilities and average exchange rate for the year for income and expense items. Translation gains and losses are recordedin accumulated other comprehensive income or loss as a component of shareholders’ equity.

 

Cash and cash equivalents

Cash and cash equivalents consistof cash on hand and highly liquid investments, which are unrestricted from withdrawal or use, and which have original maturitiesof three months or less when purchased.

 

Accounts receivable

Accounts receivable are recognizedand carried at original invoiced amount less an allowance for any potential uncollectible amounts. An estimate for doubtful debtsis made when collection of the full amount is no longer probable. Bad debts are written off as incurred. The Company generallydoes not require collateral from its customers. For the period ended September 30, 2017 and for the year ended December 31, 2016,the Company did not write off any accounts receivable as 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 observablemarket data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levelsof the 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 September 30, 2017 and December 31, 2016, none of the Company’s assets and liabilities was requiredto be reported at fair value on a recurring basis. Carrying values of non-derivative financial instruments, including cash, accountsreceivables, payables and accrued liabilities, approximate their fair values due to the short term nature of these financial instruments.There were no changes in methods or assumptions during the periods presented.

 

Inventories

Inventories are stated at lower ofcost or realizable value, effective for fiscal years beginning after December 15, 2016, with cost determined on a weighted-averagemethod, and not to exceed net realizable value. The Company writes down its inventory balances for obsolete amounts estimated onan individual basis for the finished goods and the raw material items with large amounts, and by a category basis for low valueraw material items.

 

Long-term investment

The Company’s interests in associatedcompanies are accounted for under equity method under U.S. GAAP. Under the equity method, if the Company’s share of lossesof an associated company equals or exceeds the amount of investment plus advances made by the Company, the Company ordinarily discontinuesincluding its share of losses and the investment is reported at nil value. If the associated company subsequently reports net income,the Company will resume applying the equity method only after its share of that net income equals the share of net losses not recognizedduring the period the equity method was suspended.

 

Property, plant and equipment,net

Property, plant and equipment arecarried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimateduseful lives:

 

Office equipment     10 years  
Furniture and fixtures     10 years  
Leasehold improvement     10 years  

 

Revenue recognition

Product sales − The Companygenerally recognizes revenue upon delivery and when both the title and risk and rewards pass to the independent members or purchasersof the 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 September 30, 2017 and December 31, 2016.

 

Membership fee − The Companyrecognizes the membership fee revenue over the term of the membership, which is 12 months. The revenue will not be recognized untilthe 14 days cooling-off period is expired. For the period ended September 30, 2017 and for the year ended December 31, 2016, allmembership fees were waived by the Company for promotion purpose.

 

Loyalty program

The Company operates loyalty programwhich allows customer to accumulate redemption points when they purchase products from the Company. The redemption points can beused to purchase a selection of products at discounted price or redeem products.

 

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

 

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

 

As of September 30, 2017 and December31, 2016, there was no such deferred revenue recorded.

 

Commissionexpense

Commissionexpense incurred by the Company is recognized as cost of revenue and as a liability commission payable in the consolidatedbalance sheet. Commission expense is not recoverable once recognized and is expensed as incurred.

 

Income taxes

Current income taxes are providedfor in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differencesexist between the tax bases of assets and liabilities and their reported amounts in the combined financial statements.Net operatingloss carry forwards and credits are applied using enacted statutory tax rates applicable to future years. Deferred tax assets arereduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that a portion of or all of thedeferred tax assets will not be realized. The components of the deferred tax assets and liabilities are individually classifiedas current and non-current based on their characteristics.

 

The impact of an uncertain incometax position on the income tax return is recognized at the largest amount that is more-likely-than-not to be sustained upon auditby the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood ofbeing sustained. Interest and penalties on income taxes are classified as a component of the provisions for income taxes. The Companydid not recognize any income tax due to uncertain tax positions or incur any interest and penalties related to potential underpaidincome tax expense as of September 30, 2017 and December 31, 2016.

 

Forward Stock split  

On January 27, 2016, our Board ofDirectors declared a 1333-for-1 forward stock split of our outstanding common stock, par value $0.000001 per share in the formof a dividend (the “Stock Split”) with a record date of February 8, 2016 (the “Record Date”). On February22, 2016, Financial Industry Regulatory Authority, Inc. (“FINRA”) notified us of its announcement of the payment dateof the Stock Split as February 23, 2016 (the “Payment Date”). On the Payment Date, as a result of the Stock split,each holder of our common stock as of the Record Date received 1332 additional shares of our common stock for each one share owned,rounded up to the nearest whole share. All common stock share amounts referenced in this Quarterly Report give retroactive effectto the Stock Split.

 

ReverseStock split

On May 25,2017, the Board of Directors authorized and approved an amendment (the “Amendment”) to Vitaxel’s Amended andRestated Articles of Incorporation, which authorized a one hundred-to-one reverse stock split (the “Reverse Split”)of Vitaxel’s outstanding common stock, par value $0.000001 per share, with a record date of June 12, 2017 (the “RecordDate”).

 

As of theeffective date of the Reverse Split, every 100 outstanding shares of the Company’s common stock automatically became oneshare of common stock. The Company’s authorized shares of common stock were reduced in proportion to the reverse split ratio,from 7,000,000,000 shares of authorized common stock prior to the effective date to 70,000,000 shares of authorized common stockon the effective date, and from 100,000,000 shares of authorized preferred stock prior to the effective date to 1,000,000 sharesof authorized preferred stock on the effective date. Additionally, as part of the Reverse Split, the par value of both the Company’scommon stock and its preferred stock was increased from $0.000001 per share to $0.0001 per share. Immediately prior to the ReverseSplit the Company had 5,408,754,000 common shares issued and outstanding and had approximately 54,087,540 common shares issuedand outstanding immediately after the Reverse Split.

 

We expectthat the Reverse Stock Split will (i) increase the marketability and liquidity of our common stock; (ii) address liquidityof our common stock; (iii) address the reluctance of brokerage firms and institutional investors to recommend lower pricedstocks to their clients or to hold in their own portfolios; and (iv) enable us to maintain the quotation of our common stock onthe OTC Markets, Inc. QB Tier.

 

Separately,on May 30, 2017, the Board of Directors of Vitaxel authorized and approved a related increase in the par value of Vitaxel  commonstock from $0.000001 to $0.0001.

 

On June 13,2017, Vitaxel received approval from the Financial Industry Regulatory Authority (“FINRA”) to effectuate the ReverseSplit at the open of business on June 15, 2017.

 

Comprehensive loss

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

 

Loss per share

The loss per share is computed usingthe weighted average number of shares outstanding during the fiscal years. For the period ended September 30, 2017 and for theyear ended December 31, 2016, there was no dilutive effect due to net loss.

 

Relatedparty transactions

A relatedparty is generally defined as:

 

(i) any personthat holds the Company’s securities including such person’s immediate families,

 

(ii) theCompany’s management,

 

(iii) someonethat directly or indirectly controls, is controlled by or is under common control with the Company, or

 

(iv) anyonewho can significantly influence the financial and operating decisions of the Company.

 

A transactionis considered to be a related party transaction when there is a transfer of resources or obligations between related parties.

 

Recently issued accounting pronouncements

 

RevenueRecognition: In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). Theamendments in ASU 2015-14 defer the effective date of ASU 2014-09 for all entities by one year. Public business entities, certainnot-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periodsbeginning after December 15, 2017, including interim reporting periods within that reporting period. The Company continues to assessthe impact this ASU, and related subsequent updates, will have on its consolidated financial statements. As of September 30, 2017,the Company has not identified any material impact to its consolidated net income relating to this ASU.

 

Financial instrument:In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurementof Financial Assets 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 for fiscal years, and interim periodswithin those years, beginning after December 15, 2017, and early adoption is not permitted. Accordingly, the standard is effectivefor us on September 1, 2018. We are currently evaluating the impact that the standard will have on our consolidated financial statements.

 

Leases: In February2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-2”), which provides guidance on lease amendmentsto the FASB Accounting Standard Codification. This ASU will be effective for us beginning in May 1, 2019. We are currently in theprocess of evaluating the impact of the adoption of ASU 2016-2 on our consolidated financial statements.

 

The Company believes thatthere were no other accounting standards recently issued that had or are expected to have a material impact on our financialposition or results of operations.

GOING CONCERN
9 Months Ended
Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
GOING CONCERN
3. GOING CONCERN

 

The accompanying consolidated financialstatements have been prepared assuming the Company will continue as a going concern. The Company has incurred losses since itsinception resulting in an accumulated deficit of $2,983,457 as of September 30, 2017. 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 operationsprimarily through cash flow from revenue and capital contributions from principal shareholders. In the event that we require additionalfunding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategicobjectives, our principal shareholders have indicated the intent and ability to provide additional equity financing.

 

These conditions raise substantialdoubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern isdependent on our ability to meet obligations as they become due and to obtain additional equity or alternative financing requiredto fund operations until sufficient sources of recurring revenues can be generated. There can be no assurance that the Companywill be successful in its plans described above or in attracting equity or alternative financing on acceptable terms, or if atall. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

OTHER RECEIVABLES AND OTHER ASSETS
9 Months Ended
Sep. 30, 2017
Other Receivables And Other Assets  
OTHER RECEIVABLES AND OTHER ASSETS
4. OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENTASSETS

 

Other receivables and other assetsconsist of the following:

 

    As of 
September 30,
2017
    As of 
December 31,
2016
 
             
  Deposits (1)   $ 10,884     $ 19,497  
  Prepayments (2)     8,597       5,070  
  Others (3)     8,691       2,481  
      $ 28,172     $ 27,048  

 

(1)         Depositsrepresented payments for rental, utilities, and construction funds to government department.

(2)         Prepaymentsmainly consists of prepayment for insurance and IT related fees. 

(3)         Othersmainly consists other miscellaneous payments.

LONG-TERM INVESTMENT
9 Months Ended
Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
LONG-TERM INVESTMENT
5. LONG-TERM INVESTMENT

 

On April 20, 2016, the Company invested958,000 Thai Baht or $27,539 to Vitaxel Corporation Thailand Co., Ltd., a company registered in Thailand, and hold 47.99% sharesof it. The long-term investment is accounted using the equity method.

 

Long-term investment consists of thefollowing:

 

    As of 
September 30,
2017
    As of 
December 31,
2016
 
             
Long-term investment - In an associated company   $ 27,539     $ 27,539  
Long-term investment - share of loss in investment in an associated company     (24,408 )     (25,716 )
Foreign currency translation adjustment     (3,131 )     (1,823 )
    $     $  
PROPERTY, PLANT AND EQUIPMENT
9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment, Net [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET
6. PROPERTY, PLANT AND EQUIPMENT, NET

 

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

 

    As of 
September 30,
2017
    As of 
December 31,
2016
 
             
Office equipment   $ 26,774     $ 30,476  
Computer equipment     93,198       61,516  
Furniture and fittings     7,648       7,131  
Electrical & fitting     359       337  
Motor vehicle     16,279       15,315  
Software and website     11,100       7,544  
Renovations     104,344       98,167  
      259,702       220,486  
                 
Less: Accumulated depreciation     (45,184 )     (25,817 )
                 
 Balance at end of period/year   $ 214,518     $ 194,669  

 

 

Depreciation expenses charged to thestatements of operations for the period ended September 30, 2017 and September 30, 2016 were $19,367 (3 months $8,468) and $15,604(3 months $5,820) respectively.

ACCRUALS AND OTHER PAYABLES
9 Months Ended
Sep. 30, 2017
Payables and Accruals [Abstract]  
ACCRUALS AND OTHER PAYABLES
7. ACCRUALS AND OTHER PAYABLES

 

Accruals and other payables consistof the following:

 

    As of 
September 30,
2017
    As of 
December 31,
2016
 
             
Provisions   $ 29,219     $ 21,243  
Others (1)     631,385       425,244  
 Balance at end of period/year   $ 660,604     $ 446,487  

 

(1)         Other payables mainly consist of members allocatedredemption points and commission payable.

RELATED PARTIES TRANSACTIONS
9 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
RELATED PARTIES TRANSACTIONS
8. RELATED PARTIES TRANSACTIONS

  

    As of 
September 30,
2017
    As of 
December 31,
2016
 
Amount of due from related parties                
Beedo SDN BHD (1)   $ 14,272     $ 18,062  
Ho Wah Genting Berhad           9,020  
Ho Wah Genting Group Sdn Berhad     594        
Balance at end of period/year   $ 14,866     $ 27,082  
                 
(1)     Beedo SDN BHD was a subsidiary of related company Ho Wah Genting Group SDN BHD from June 25, 2015 to August 12, 2016.   
                 
Amount of due from director                
Lim Wee Kiat   $     $ 1,482  
Leong Yee Ming   $ 1,744     $ 3,945  
Balance at end of period/year   $ 1,744     $ 5,427  
                 
Amount of due from an associated company                
Vitaxel Corporation (Thailand) Limited (4)   $ 112,119     $  
Balance at end of period/year   $ 112,119     $  
                 
Amount of due to related parties                
Dato’ Lim Hui Boon (1)   $ 64,442     $  
Ho Wah Genting Group Sdn Berhad (2)     693,854       607,918  
Ho Wah Genting Holiday Sdn Bhd (3)     2,025       8,087  
Genting Highlands Taxi Services Sdn Bhd (4)     14,885       16,234  
VSpark Malaysia Sdn Bhd     4,761        
Grande Legacy Inc. (5)     748,032        
Balance at end of period/year   $ 1,527,999     $ 632,239  

 

  (1) As of September 30, 2017 and December 31, 2016, the amount due to the President of the Company, Dato’ Lim Hui Boon was $64,442 and $0, respectively. These amounts were unsecured, interest-free and repayable on demand.

 

  (2) The President of the Company, Dato’ Lim Hui Boon, is also the Group President of Ho Wah Genting Group Sdn Bhd.

 

  (3) A former director of the Company, Lim Chun Hoo, is also a director of Ho Wah Genting Holiday Sdn Bhd. On March 31, 2017, Lim Chun Hoo resigned from the Company.

  

  (4) A director of the Company, Lim Wee Kiat, is also a director of Genting Highlands Taxi Services Sdn Bhd and of Vitaxel Sdn Bhd.

 

  (5) A director of the Company, Leong Yee Ming, is also a director of Grande Legacy Inc.

 

The amount due to the Company’sassociated company, Vitaxel Corp. (Thailand) Ltd., was $0 as of September 30, 2017 and $279,219 as of December 31, 2016.

 

The Company recognized an expenseof $127,728 pertaining for event, traveling and accommodation expenses during the three months (nine months $223,429) ended September30, 2017, which was charged to its related company, Ho Wah Genting Holiday Sdn. Bhd.

 

The Company recognized an expenseof rent totalling $60,790 of which $4,818 during the three months ended September 30, 2017 was paid to its affiliate, Ho Wah GentingBerhad and $14,453 was paid to Malaysia-Beijing Travel Services Sdn Bhd. The operating lease commitment to Ho Wah Genting Berhadas of September 30, 2017 was $24,088 and $14,453 to Malaysia-Beijing Travel Services Sdn Bhd. The lease commitment are disclosedin note 9 COMMITMENTS AND CONTINGENCIES below under the heading Operation Commitments.  

 

The Company recognized an expenseof $9,678 pertaining for website maintenance expense during the three months (nine months $61,231) ended September 30, 2017, whichwas charged by its related company, Beedo Sdn. Bhd.

COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES
9. COMMITMENTS AND CONTINGENCIES

 

Capital Commitments

The Company engaged a third partyto develop an operation software with the total contract amount of $48,069 as of September 30, 2017.

 

Operation Commitments

The total future minimum lease paymentsunder the non-cancellable operating lease with respect to the office and the dormitory, as well as hardware trading platform asof September 30, 2017 are payable as follows:

 

  Year ending December 31, 2017       90,810  
  Year ending December 31, 2018       22,122  
  Total     $ 112,932  

 

Rental expense of the Company was$60,789 and $90,527 for the period ended September 30, 2017 and 2016, respectively.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Basis of presentation

Basis of presentation

The accompanying unaudited consolidatedfinancial statements of the Company have been prepared in accordance with accounting principles generally accepted in the UnitedStates of America (“U.S. GAAP”) for interim financial information article 8 of Regulation S-X.

 

This basis of accounting involvesthe application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and lossesare recognized when incurred. 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 financialstatements in conformity with accounting principles generally accepted in the United States of America requires management to makeestimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets andliabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.Actual results could differ from those estimates.

Foreign currency translation and transactions

Foreign currency translationand transactions

The functional currency of the Companyis the Malaysian Ringgit (“MYR”) and reporting currency of the Company is United States Dollar “USD”).The financial statements of the Company are translated into USD using the exchange rate as of the balance sheet date for assetsand liabilities and average exchange rate for the year for income and expense items. Translation gains and losses are recordedin accumulated other comprehensive income or loss as a component of shareholders’ equity.

Cash and cash equivalents

Cash and cash equivalents

Cash and cash equivalents consistof cash on hand and highly liquid investments, which are unrestricted from withdrawal or use, and which have original maturitiesof three months or less when purchased.

Accounts receivable

Accounts receivable

Accounts receivable are recognizedand carried at original invoiced amount less an allowance for any potential uncollectible amounts. An estimate for doubtful debtsis made when collection of the full amount is no longer probable. Bad debts are written off as incurred. The Company generallydoes not require collateral from its customers. For the period ended September 30, 2017 and for the year ended December 31, 2016,the Company did not write off any accounts receivable as 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 observablemarket data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levelsof the 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 September 30, 2017 and December 31, 2016, none of the Company’s assets and liabilities was requiredto be reported at fair value on a recurring basis. Carrying values of non-derivative financial instruments, including cash, accountsreceivables, payables and accrued liabilities, approximate their fair values due to the short term nature of these financial instruments.There were no changes in methods or assumptions during the periods presented.

Inventories

Inventories

Inventories are stated at lower ofcost or realizable value, effective for fiscal years beginning after December 15, 2016, with cost determined on a weighted-averagemethod, and not to exceed net realizable value. The Company writes down its inventory balances for obsolete amounts estimated onan individual basis for the finished goods and the raw material items with large amounts, and by a category basis for low valueraw material items.

Long-term investment

Long-term investment

The Company’s interests in associatedcompanies are accounted for under equity method under U.S. GAAP. Under the equity method, if the Company’s share of lossesof an associated company equals or exceeds the amount of investment plus advances made by the Company, the Company ordinarily discontinuesincluding its share of losses and the investment is reported at nil value. If the associated company subsequently reports net income,the Company will resume applying the equity method only after its share of that net income equals the share of net losses not recognizedduring the period the equity method was suspended.

Property, plant and equipment, net

Property, plant and equipment,net

Property, plant and equipment arecarried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimateduseful lives:

 

Office equipment     10 years  
Furniture and fixtures     10 years  
Leasehold improvement     10 years  
Revenue recognition

Revenue recognition

Product sales − The Companygenerally recognizes revenue upon delivery and when both the title and risk and rewards pass to the independent members or purchasersof the 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 September 30, 2017 and December 31, 2016.

 

Membership fee − The Companyrecognizes the membership fee revenue over the term of the membership, which is 12 months. The revenue will not be recognized untilthe 14 days cooling-off period is expired. For the period ended September 30, 2017 and for the year ended December 31, 2016, allmembership fees were waived by the Company for promotion purpose.

Loyalty program

Loyalty program

The Company operates loyalty programwhich allows customer to accumulate redemption points when they purchase products from the Company. The redemption points can beused to purchase a selection of products at discounted price or redeem products.

 

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

 

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

 

As of September 30, 2017 and December31, 2016, there was no such deferred revenue recorded.

Commission expense

Commissionexpense

Commissionexpense incurred by the Company is recognized as cost of revenue and as a liability commission payable in the consolidated balancesheet. Commission expense is not recoverable once recognized and is expensed as incurred.

Income taxes

Income taxes

Current income taxes are providedfor in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differencesexist between the tax bases of assets and liabilities and their reported amounts in the combined financial statements.Net operatingloss carry forwards and credits are applied using enacted statutory tax rates applicable to future years. Deferred tax assets arereduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that a portion of or all of thedeferred tax assets will not be realized. The components of the deferred tax assets and liabilities are individually classifiedas current and non-current based on their characteristics.

 

The impact of an uncertain incometax position on the income tax return is recognized at the largest amount that is more-likely-than-not to be sustained upon auditby the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood ofbeing sustained. Interest and penalties on income taxes are classified as a component of the provisions for income taxes. The Companydid not recognize any income tax due to uncertain tax positions or incur any interest and penalties related to potential underpaidincome tax expense as of September 30, 2017 and December 31, 2016.

Forward Stock split

Forward Stock split  

On January 27, 2016, our Board ofDirectors declared a 1333-for-1 forward stock split of our outstanding common stock, par value $0.000001 per share in the formof a dividend (the “Stock Split”) with a record date of February 8, 2016 (the “Record Date”). On February22, 2016, Financial Industry Regulatory Authority, Inc. (“FINRA”) notified us of its announcement of the payment dateof the Stock Split as February 23, 2016 (the “Payment Date”). On the Payment Date, as a result of the Stock split,each holder of our common stock as of the Record Date received 1332 additional shares of our common stock for each one share owned,rounded up to the nearest whole share. All common stock share amounts referenced in this Quarterly Report give retroactive effectto the Stock Split.

Reverse Stock split

ReverseStock split

On May 25,2017, the Board of Directors authorized and approved an amendment (the “Amendment”) to Vitaxel’s Amended andRestated Articles of Incorporation, which authorized a one hundred-to-one reverse stock split (the “Reverse Split”)of Vitaxel’s outstanding common stock, par value $0.000001 per share, with a record date of June 12, 2017 (the “RecordDate”).

 

As of theeffective date of the Reverse Split, every 100 outstanding shares of the Company’s common stock automatically became oneshare of common stock. The Company’s authorized shares of common stock were reduced in proportion to the reverse split ratio,from 7,000,000,000 shares of authorized common stock prior to the effective date to 70,000,000 shares of authorized common stockon the effective date, and from 100,000,000 shares of authorized preferred stock prior to the effective date to 1,000,000 sharesof authorized preferred stock on the effective date. Additionally, as part of the Reverse Split, the par value of both the Company’scommon stock and its preferred stock was increased from $0.000001 per share to $0.0001 per share. Immediately prior to the ReverseSplit the Company had 5,408,754,000 common shares issued and outstanding and had approximately 54,087,540 common shares issuedand outstanding immediately after the Reverse Split.

 

We expectthat the Reverse Stock Split will (i) increase the marketability and liquidity of our common stock; (ii) address liquidityof our common stock; (iii) address the reluctance of brokerage firms and institutional investors to recommend lower pricedstocks to their clients or to hold in their own portfolios; and (iv) enable us to maintain the quotation of our common stock onthe OTC Markets, Inc. QB Tier.

 

Separately,on May 30, 2017, the Board of Directors of Vitaxel authorized and approved a related increase in the par value of Vitaxel  commonstock from $0.000001 to $0.0001.

 

On June 13,2017, Vitaxel received approval from the Financial Industry Regulatory Authority (“FINRA”) to effectuate the ReverseSplit at the open of business on June 15, 2017.

Comprehensive loss

Comprehensive loss

Comprehensive loss includes net lossand cumulative foreign 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 usingthe weighted average number of shares outstanding during the fiscal years. For the period ended September 30, 2017 and for theyear ended December 31, 2016, there was no dilutive effect due to net loss.

Related party transactions

Relatedparty transactions

A relatedparty is generally defined as:

 

(i) any personthat holds the Company’s securities including such person’s immediate families,

 

(ii) theCompany’s management,

 

(iii) someonethat directly or indirectly controls, is controlled by or is under common control with the Company, or

 

(iv) anyonewho can significantly influence the financial and operating decisions of the Company.

 

A transactionis considered to be a related party transaction when there is a transfer of resources or obligations between related parties.

Recently issued accounting pronouncements

Recently issued accounting pronouncements

 

RevenueRecognition: In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). Theamendments in ASU 2015-14 defer the effective date of ASU 2014-09 for all entities by one year. Public business entities, certainnot-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periodsbeginning after December 15, 2017, including interim reporting periods within that reporting period. The Company continues to assessthe impact this ASU, and related subsequent updates, will have on its consolidated financial statements. As of September 30, 2017,the Company has not identified any material impact to its consolidated net income relating to this ASU.

 

Financial instrument:In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurementof Financial Assets 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 for fiscal years, and interim periodswithin those years, beginning after December 15, 2017, and early adoption is not permitted. Accordingly, the standard is effectivefor us on September 1, 2018. We are currently evaluating the impact that the standard will have on our consolidated financial statements.

 

Leases: In February2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-2”), which provides guidance on lease amendmentsto the FASB Accounting Standard Codification. This ASU will be effective for us beginning in May 1, 2019. We are currently in theprocess of evaluating the impact of the adoption of ASU 2016-2 on our consolidated financial statements.

 

The Company believes that there wereno other accounting standards recently issued that had or are expected to have a material impact on our financial position or resultsof operations.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Schedule of property, plant and equipment estimated useful lives

Office equipment     10 years  
Furniture and fixtures     10 years  
Leasehold improvement     10 years  

OTHER RECEIVABLES AND OTHER ASSETS (Tables)
9 Months Ended
Sep. 30, 2017
Other Receivables And Other Assets  
Schedule of other receivables and other assets
    As of 
September 30,
2017
    As of 
December 31,
2016
 
             
  Deposits (1)   $ 10,884     $ 19,497  
  Prepayments (2)     8,597       5,070  
  Others (3)     8,691       2,481  
      $ 28,172     $ 27,048  
LONG-TERM INVESTMENT (Tables)
9 Months Ended
Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of long-term investment

Long-term investment consists of thefollowing:

 

    As of 
September 30,
2017
    As of 
December 31,
2016
 
             
Long-term investment - In an associated company   $ 27,539     $ 27,539  
Long-term investment - share of loss in investment in an associated company     (24,408 )     (25,716 )
Foreign currency translation adjustment     (3,131 )     (1,823 )
    $     $  
PROPERTY, PLANT AND EQUIPMENT (Tables)
9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment, Net [Abstract]  
Schedule of property, plant and equipment, net

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

 

    As of 
September 30,
2017
    As of 
December 31,
2016
 
             
Office equipment   $ 26,774     $ 30,476  
Computer equipment     93,198       61,516  
Furniture and fittings     7,648       7,131  
Electrical & fitting     359       337  
Motor vehicle     16,279       15,315  
Software and website     11,100       7,544  
Renovations     104,344       98,167  
      259,702       220,486  
                 
Less: Accumulated depreciation     (45,184 )     (25,817 )
                 
 Balance at end of period/year   $ 214,518     $ 194,669  
ACCRUALS AND OTHER PAYABLES (Tables)
9 Months Ended
Sep. 30, 2017
Payables and Accruals [Abstract]  
Schedule of accruals and other payables
    As of 
September 30,
2017
    As of 
December 31,
2016
 
             
Provisions   $ 29,219     $ 21,243  
Others (1)     631,385       425,244  
 Balance at end of period/year   $ 660,604     $ 446,487  
RELATED PARTIES TRANSCTIONS (Tables)
9 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
Schedule of amount of due from related parties
    As of 
September 30,
2017
    As of 
December 31,
2016
Amount of due from related parties              
Beedo SDN BHD (1)   $ 14,272     $ 18,062
Ho Wah Genting Berhad           9,020
Ho Wah Genting Group Sdn Berhad     594      
Balance at end of period/year   $ 14,866     $ 27,082
Schedule of due to director
  As of  As of 
  September 30, December 31,
Amount of due from director 2017 2016
Lim Wee Kiat 1,482
Leong Yee Ming 1,744 3,945
Balance at end of period/year 1,744 5,427
Schedule of amount due from an associate company
  As of  As of 
  September 30, December 31,
  2017 2016
Amount of due from an associated company    
Vitaxel Corporation (Thailand) Limited (4) 1,12,119
Balance at end of period/year 1,12,119
Schedule of amount of due to related parties
    As of    As of 
    September 30,   December 31,
Amount of due to related parties   2017   2016
Dato’ Lim Hui Boon (1)  $ 64,442 $
Ho Wah Genting Group Sdn Berhad (2) $ 6,93,854 $ 6,07,918
Ho Wah Genting Holiday Sdn Bhd (3)   2,025   8,087
Genting Highlands Taxi Services Sdn Bhd (4)   14,885   16,234
V Spark Malaysia Sdn Bhd   4,761  
Grande Legacy Inc. (5)   7,48,032  
Balance at end of period/year   15,27,999   6,32,239
COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of future minimum lease payments under the non-cancellable operating lease

The total future minimum lease paymentsunder the non-cancellable operating lease with respect to the office and the dormitory, as well as hardware trading platform asof September 30, 2017 are payable as follows:

 

  Year ending December 31, 2017       90,810  
  Year ending December 31, 2018       22,122  
  Total     $ 112,932  
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)
9 Months Ended
Sep. 30, 2017
Office Equipment [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives P10Y
Furniture and fittings [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) - $ / shares
9 Months Ended
Feb. 23, 2016
Jan. 27, 2016
Sep. 30, 2017
Dec. 31, 2016
Accounting Policies [Abstract]        
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 $ 0.0001 $ 0.0001
Number of shares issued upon forward stock split 1,332      
Description of reverse stock split    

As of the effective date ofthe Reverse Split, every 100 outstanding shares of the Company’s common stock automatically became one share of common stock.The Company’s authorized shares of common stock were reduced in proportion to the reverse split ratio, from 7,000,000,000shares of authorized common stock prior to the effective date to 70,000,000 shares of authorized common stock on the effectivedate, and from 100,000,000 shares of authorized preferred stock prior to the effective date to 1,000,000 shares of authorized preferredstock on the effective date. Additionally, as part of the Reverse Split, the par value of both the Company’s common stockand its preferred stock was increased from $0.000001 per share to $0.0001 per share. Immediately prior to the Reverse Split theCompany had 5,408,754,000 common shares issued and outstanding and had approximately 54,087,540 common shares issued and outstandingimmediately after the Reverse Split.

 
GOING CONCERN (Details Narrative) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Accumulated deficit $ 2,983,457 $ 2,639,138
OTHER RECEIVABLES AND OTHER ASSETS (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Other Receivables And Other Assets    
Deposits [1] $ 10,884 $ 19,497
Prepayments [2] 8,597 5,070
Others [3] 8,691 2,481
Total other receivables and other assets $ 28,172 $ 27,048
[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.
LONG-TERM INVESTMENT (Details) - Vitaxel Corp Thailand, Ltd [Member] - USD ($)
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Apr. 20, 2016
Long-term investment - cost $ 27,539 $ 27,539 $ 27,539
Long-term investment - share of loss in investment in an associated company (24,408) (25,716)  
Foreign currency translation adjustment (3,131) (1,823)  
Long-term investment  
LONG-TERM INVESTMENT (Details Narrative) - Vitaxel Corp Thailand, Ltd [Member] - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Apr. 20, 2016
Long-term investment -cost $ 27,539 $ 27,539 $ 27,539
Ownership percentage     47.99%
Thailand, Baht [Member]      
Long-term investment -cost     $ 958,000
PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year $ 259,702 $ 220,486
Less: Accumulated depreciation (45,184) (25,817)
Balance at end of period/year 214,518 194,669
Office Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 26,774 30,476
Computer Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 93,198 61,516
Furniture and fittings [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 7,648 7,131
Electrical and Fitting [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 359 337
Motor Vehicle [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 16,279 15,315
Software and Website [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year 11,100 7,544
Renovations [Member]    
Property, Plant and Equipment [Line Items]    
Balance at beginning of period/year $ 104,344 $ 98,167
PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Property, Plant and Equipment, Net [Abstract]        
Depreciation expenses $ 8,468 $ 5,820 $ 19,367 $ 15,604
ACCRUALS AND OTHER PAYABLES (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Payables and Accruals [Abstract]    
Provisions $ 29,219 $ 21,243
Others [1] 631,385 425,244
Balance at end of period/year $ 660,604 $ 446,487
[1] Other payables mainly consist of members allocated redemption points and commission payable.
RELATED PARTIES TRANSCTIONS (Details) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Amount of due from related parties $ 14,866 $ 27,082
Beedo SDN BHD [Member]    
Amount of due from related parties [1] 14,272 18,062
Ho Wah Genting Group Sdn Berhad [Member]    
Amount of due from related parties 9,020
Ho Wah Genting Berhad [Member]    
Amount of due from related parties $ 594
[1] Beedo SDN BHD was a subsidiary of related company Ho Wah Genting Group SDN BHD from June 25, 2015 to August 12, 2016.
RELATED PARTIES TRANSCTIONS (Details 1) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Amounts due to a director $ 1,744 $ 5,427
LIM WEE KIAT [Member]    
Amounts due to a director 1,482
LEONG YEE MING [Member]    
Amounts due to a director $ 1,744 $ 3,945
RELATED PARTIES TRANSCTIONS (Details 2) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Amounts due to an associated company $ 112,119
Vitaxel Corp Thailand, Ltd [Member]    
Amounts due to an associated company [1] $ 112,119
[1] A director of the Company, Lim Wee Kiat, is also a director of Genting Highlands Taxi Services Sdn Bhd and of Vitaxel Sdn Bhd.
RELATED PARTIES TRANSCTIONS (Details 3) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Due to a related party $ 1,527,999 $ 632,239
Dato Lim Hui Boon [Member]    
Due to a related party [1] 64,442
Ho Wah Genting Group Sdn Berhad [Member]    
Due to a related party [2] 693,854 607,918
Ho Wah Genting Group Sdn Bhd [Member]    
Due to a related party [3] 2,025 8,087
Genting Highlands Taxi Services SDN BHD [Member]    
Due to a related party [4] 14,885 16,234
V Spark Malaysia Sdn Bhd [Member]    
Due to a related party 4,761
Grande LegacyInc [Member]    
Due to a related party [5] $ 748,032
[1] As of September 30, 2017 and December 31, 2016, the amount due to the President of the Company, Dato Lim Hui Boon was $64,442 and $0, respectively. These amounts were unsecured, interest-free and repayable on demand.
[2] The President of the Company, Dato Lim Hui Boon, is also the Group President of Ho Wah Genting Group Sdn Bhd.
[3] A former director of the Company, Lim Chun Hoo, is also a director of Ho Wah Genting Holiday Sdn Bhd. On March 31, 2017, Lim Chun Hoo resigned from the Company.
[4] A director of the Company, Lim Wee Kiat, is also a director of Genting Highlands Taxi Services Sdn Bhd and of Vitaxel Sdn Bhd.
[5] A director of the Company, Leong Yee Ming, is also a director of Grande Legacy Inc.
RELATED PARTIES TRANSCTIONS (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Related Party Transaction [Line Items]        
Due to a related party $ 1,527,999 $ 1,527,999   $ 632,239
Rent expenses   60,789 $ 90,527  
Vitaxel Corp Thailand, Ltd [Member]        
Related Party Transaction [Line Items]        
Due to a related party 0 0   279,219
Dato Lim Hui Boon [Member]        
Related Party Transaction [Line Items]        
Due to a related party [1] 64,442 64,442  
Beedo SDN BHD [Member]        
Related Party Transaction [Line Items]        
Website maintenance expense 9,678 61,231    
Ho Wah Genting Berhad [Member]        
Related Party Transaction [Line Items]        
Amount paid to affiliate 4,818      
Rent expenses 60,790      
Operating lease commitment 24,088 24,088    
Malaysia-Beijing Travel Services Sdn Bhd [Member]        
Related Party Transaction [Line Items]        
Rent expenses 14,453      
Operating lease commitment 14,453 14,453    
Ho Wah Genting Holiday Sdn. Bhd [Member]        
Related Party Transaction [Line Items]        
Traveling and accommodation expenses $ 127,728 $ 223,429    
[1] As of September 30, 2017 and December 31, 2016, the amount due to the President of the Company, Dato Lim Hui Boon was $64,442 and $0, respectively. These amounts were unsecured, interest-free and repayable on demand.
COMMITMENTS AND CONTINGENCIES (Details)
Sep. 30, 2017
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
Year ending December 31, 2017 $ 90,810
Year ending December 31, 2018 22,122
Total $ 112,932
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]    
Rental expense $ 60,789 $ 90,527
Capital Commitments $ 48,069