Segment Reporting

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

SEGMENT REPORTING

20. SEGMENT REPORTING

In its operation of the business, management, including the Company’s chief operating decision maker, who is the Company’s Chief Executive Officer, reviews certain financial information, including segmented internal profit and loss statements prepared on a basis consistent with GAAP. The Company operates in three segments starting in fiscal 2021: “supply chain financing service and trading business” and “others”. As described in Note 17. DISCONTINUED OPERATIONS, certain subsidiaries were sold, dissolved or deregistered, resulting in material changes to the Company’s business operations. Consequently, the Company has reorganized its operations into the following three reportable segments: (1) Fast-Moving Consumer Goods (FMCG), (2) Trading Commission and Consulting services and (3) supply chain financing service and trading business.

The Company began to provide supply chain financing services during the second quarter of 2021. The Company began to provide sand and steel supply chain financing services during the first quarter of 2023. The Company began to provide brokerage services in October 2023. During the last quarter of fiscal year 2024, the Company commenced operations in the Fast-Moving Consumer Goods (FMCG) sector.

Some of the Company’s operations might not individually meet the quantitative thresholds for determining reportable segments and the Company determines the reportable segments based on the discrete financial information provided to the chief operating decision maker. The chief operating decision maker evaluates the results of each segment in assessing performance and allocating resources among the segments. Since there is an overlap of services and products between different subsidiaries of the Company, the Company does not allocate operating expenses and assets based on the product segments. Therefore, operating expenses and asset information by segment are not presented. Segment profit represents the gross profit of each reportable segment.

For the year ended December 31, 2025

	Fast-Moving Consumer Goods		Trading Commission and Consulting services		Supply Chain Financing/ Trading		Total
Reportable segment revenue	$	3,259,845	$	568,611	$	1,349	$	3,829,805
Inter-segment loss		-		-		-		-
Revenue from external customers		3,259,845		568,611		1,349		3,829,805
Segment gross profit	$	33,144	$	373,829	$	1,347	$	408,320

For the year ended December 31, 2024

	Fast-Moving Consumer Goods		Trading Commission and Consulting services		Supply Chain Financing/ Trading		Total
Reportable segment revenue	$	25,537	$	1,131,165	$	957,708	$	2,114,410
Inter-segment loss		-		-		-		-
Revenue from external customers		25,537		1,131,165		957,708		2,114,410
Segment gross profit	$	138	$	1,074,048	$	163,753	$	1,237,939

Loss before Income Tax:

	For the Years Ended December 31,
	2025			2024
Supply Chain Financing/Trading	$	233		$	3,629,218
Fast-Moving Consumer Goods		561,911			96,718
Trading Commission and Consulting services		2,139,466			2,266,520
Corporate and Unallocated		28,652,964			28,984,488
Total operating expenses and other expenses		31,354,574			34,976,944
Loss before income tax	$	(30,946,254	)	$	(33,739,005	)

Segment assets as of December 31, 2025 and 2024:

	December 31, 2025		December 31, 2024
Supply Chain Financing/Trading	$	2,969,945	$	13,860,708
Fast-Moving Consumer Goods		379,700		302,791
Trading Commission and Consulting services		5,584,242		2,556,543
Corporate and Unallocated		44,353,447		8,058,078
Assets related to discontinued operations		-		10,703,556
Total assets	$	53,287,334	$	35,481,676