Note 19 - Segment Reporting

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

19. 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.

Three Months Ended March 31, 2023 (Unaudited)

	Internet Ad and related services			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		6,291			-			25			-			-			6,316
Cost of revenues		6,420			-			210			-			-			6,630
Total operating expenses		349			4			-			645	(1)		-			998
Depreciation and amortization expense included in cost of revenues and total operating expenses		91			-			210			21			-			322
Operating loss		(478	)		(4	)		(185	)		(645	)		-			(1,312	)
Change in fair value of warrant liabilities		-			-			-			101			-			101
Net loss		(482	)		(1	)		(186	)		(474	)					(1,143	)
Total assets-March 31, 2023		10,060			154			1,472			38,372			(32,227	)		17,831
Total assets-December 31, 2022		10,385			156			1,682			39,136			(31,701	)		19,658

(1) Including approximately US$0.04 million share-based compensation expenses.

Three Months Ended March 31, 2022 (Unaudited)

	Internet Ad and related services			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		7,652			-			-			-			-		7,652
Cost of revenues		7,518			-			-			-			-		7,518
Total operating expenses		288			329			368			700	(1)		-		1,685
Depreciation and amortization expense included in cost of revenues and total operating expenses		89			75			368			22			-		554
Operating loss		(154	)		(329	)		(368	)		(700	)		-		(1,551	)
Change in fair value of warrant liabilities		-			-			-			795			-		795
Net (loss)/income		(167	)		(328	)		(368	)		146					(717	)

(1) Including approximately US$0.06 million share-based compensation expenses.