Note 20 - Segment Reporting

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

20. 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.

Six Months Ended June 30, 2022 (Unaudited)

	Internet Ad and related 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		14,597			-			-			-			-			14,597
Cost of revenues		14,544			-			-			-			-			14,544
Total operating expenses		889			737			735			1,956	(1)		-			4,317
Depreciation and amortization expense included in total operating expenses		179			150			735			44			-			1,108
Operating loss		(836	)		(737	)		(735	)		(1,956	)		-			(4,264	)
Change in fair value of warrant liabilities		-			-			-			1,782			-			1,782
Net loss		(867	)		(736	)		(735	)		(93	)		-			(2,431	)
Total assets-June 30, 2022		11,388			1,188			3,663			41,101			(30,183	)		27,157
Total assets-December 31, 2021		12,150			2,236			4,414			44,328			(30,497	)		32,631

⁽¹⁾ Including approximately US$0.08 million share-based compensation expenses.

Three Months Ended June 30, 2022 (Unaudited)

	Internet Ad and related 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		6,945			-			-			-			-		6,945
Cost of revenues		7,026			-			-			-			-		7,026
Total operating expenses		601			408			367			1,256	(1)		-		2,632
Depreciation and amortization expense included in total operating expenses		90			75			367			22			-		554
Operating loss		(682	)		(408	)		(367	)		(1,256	)		-		(2,713	)
Change in fair value of warrant liabilities		-			-			-			987			-		987
Net loss		(700	)		(408	)		(367	)		(239	)		-		(1,714	)

⁽¹⁾ Including approximately US$0.03 million share-based compensation expenses.

Six Months Ended June 30, 2021 (Unaudited)

	Internet Ad and related 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		22,560			387			-			-			-		22,947
Cost of revenues		23,132			750			-			-			-		23,882
Total operating expenses		590			658			1			7,910	(1)		-		9,159
Depreciation and amortization expense included in total operating expenses		130			150			1			1			-		282
Operating loss		(1,162	)		(1,021	)		(1	)		(7,910	)		-		(10,094	)
Change in fair value of warrant liabilities		-			-			-			6,829			-		6,829
Net loss		(966	)		(1,021	)		(2	)		(970	)		-		(2,959	)
Expenditure for long-term assets		1,220			-			-			161			-		1,381

⁽¹⁾ Including approximately US$6.86 million share-based compensation expenses.

Three Months Ended June 30, 2021 (Unaudited)

	Internet Ad. and related 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		14,293			258			-			-			-		14,551
Cost of revenues		14,394			375			-			-			-		14,769
Total operating expenses		207			455			-			7,399	(1)		-		8,061
Depreciation and amortization expense included in total operating expenses		95			75			-			-			-		170
Operating loss		(308	)		(572	)		-			(7,399	)		-		(8,279	)
Change in fair value of warrant liabilities		-			-			-			4,322			-		4,322
Net loss		(12	)		(572	)		(1	)		(3,061	)		-		(3,646	)
Expenditure for long-term assets		60			-			-			161			-		221

⁽¹⁾ Including approximately US$6.76 million share-based compensation expenses.