Note 21 - Segment Reporting

12 Months Ended

Dec. 31, 2022

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, 2022

	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		25,810			-			425			-			-			26,235
Cost of revenues		26,093			-			336			-			-			26,429
Total operating expenses		3,072			1,764			2,376			3,713	(1)		-			10,925
Depreciation and amortization expenses included in cost of revenues and operating expenses		366			300			1,465			84			-			2,215
Impairment on intangible assets included in operating expenses		-			875			1,248			-			-			2,123
Loss from operations		(3,355	)		(1,764	)		(2,287	)		(3,713	)		-			(11,119	)
Impairment on long-term investments		76			-			-			520			-			596
Change in fair value of warrant liabilities		-			-			-			1,854			-			1,854
Net loss		(3,485	)		(1,764	)		(2,288	)		(2,254	)		-			(9,791	)
Total assets-December 31, 2022		10,385			156			1,682			39,136			(31,701	)		19,658

(1) Including approximately US$0.19 million share-based compensation expenses.

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 expenses included in cost of revenues and 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.