Segment Information

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 18 – SEGMENT INFORMATION

The Group has determined that it operates in two operating and reportable business segments: AppLogiq and DataLogiq. The Company determined its reportable segments based on operating and financial reports regularly reviewed by the Company’s Chief Operating Decision Maker (“CODM”), which is the Company’s Chief Executive Officer (“CEO”).

The AppLogiq reportable segment is comprised of the accounts of CreateApp and Corporate activities.

The DataLogiq reportable segment is comprised of the subsidiaries of Logiq, Inc. (a Nevada corporation), Fixel AI, Inc. and Rebel AI Inc.

The following table presents the segment information for the years ended December 31, 2021 and 2020:

	For the three months ended December 31,						For the twelve months ended December 31,
	2021			2020			2021			2020
Logiq (Delaware) incl APPLogiq
Segment operating income	$	6,206,027		$	2,112,988		$	14,340,379		$	22,758,572
Other corporate expenses, net		8,486,664			7,951,920			26,075,798			32,772,548
Total operating income		(2,280,637	)		(5,838,932	)		(11,735,419	)		(10,013,976	)
Logiq (Nevada) incl DATALogiq
Segment operating income	$	6,930,284		$	4,470,646		$	23,006,480		$	15,151,821
Other corporate expenses, net		9,945,640			5,774,197			31,397,848			19,647,514
Total operating income		(3,015,356	)		(1,303,551	)		(8,391,368	)		(4,495,693	)
Consolidated
Segment operating income	$	13,136,311		$	6,583,634		$	37,346,859		$	37,910,393
Other corporate expenses, net		18,432,304			13,726,117			57,473,646			52,420,062
Total operating income		(5,295,993	)		(7,142,483	)		(20,126,787	)		(14,509,669	)

Significant Customers

No revenues from any single customer exceeded 10% of total net revenues in 2021 and 2020.