Note 21 - Segment Reporting

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

21. Segment reporting

The Company follows ASC Topic 280 “Segment Reporting”, which requires that companies disclose segment data based on how management makes decisions about allocating resources to segments and evaluating their performance. Reportable operating segments include components of an entity about which separate financial information is available and which operating results are regularly reviewed by the chief operating decision maker (“CODM”), the Company’s Chief Executive Officer, to make decisions about resources to be allocated to the segment and assess each operating segment’s performance.

For the Year Ended December 31, 2021

	Internet Ad. and data service			Ecommerce O2O Ad and marketing services			Blockchain technology			Corporate			Inter- segment and reconciling item			Total
	US$(’000)			US$(’000)			US$(’000)			US$(’000)			US$(’000)			US$(’000)
Revenues		46,666			662			-			-			-			47,328
Cost of revenues		45,730			1,500			-			-			-			47,230
Total operating expenses		1,423			2,529			2			9,734	(1)		-			13,688
Depreciation and amortization expense included in total operating expenses		313			300			1			18			-			632
Loss from operations		(487	)		(3,367	)		(2	)		(9,734	)		-			(13,590	)
Change in fair value of warrant liabilities		-			-			-			11,329			-			11,329
Net (loss)/income		(309	)		(3,366	)		(3	)		990			-			(2,688	)
Expenditure for long-term assets		1,214			-			-			280			-			1,494
Total assets-December 31, 2021		12,150			2,236			4,414			44,328			(30,497	)		32,631

(1) Including approximately US$7.03 million share-based compensation expenses.

For the Year Ended December 31, 2020

	Internet Ad. and data service			Ecommerce O2O Ad and marketing services		Blockchain technology			Corporate			Inter- segment and reconciling item			Total
	US$(’000)			US$(’000)		US$(’000)			US$(’000)			US$(’000)			US$(’000)
Revenues		35,618			1,545		-			1,245			-			38,408
Cost of revenues		35,700			1,500		-			576			-			37,776
Total operating expenses		2,752			45		5			3,531	(1)		-			6,333
Depreciation and amortization expense included in total operating expenses		825			25		2			4			-			856
Loss from operations		(2,834	)		-		(5	)		(2,862	)		-			(5,701	)
Change in fair value of warrant liabilities		-			-		-			653			-			653
Net loss		(3,071	)		-		(6	)		(2,144	)		-			(5,221	)
Expenditure for long-term assets		-			1,500		503			-			-			2,003
Total assets-December 31, 2020		8,310			3,206		4,409			27,766			(23,024	)		20,667

(1) Including approximately US$2.15 million share-based compensation expenses.