Note 19 - Segment Reporting

6 Months Ended

Jun. 30, 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.

Six Months Ended June 30, 2023 (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		16,086			-			50			-			-			16,136
Cost of revenues		16,141			-			420			-			-			16,561
Total operating expenses		683			9			-			1,531	(1)		-			2,223
Depreciation and amortization expense included in cost of revenues and total operating expenses		184			-			420			41			-			645
Operating loss		(738	)		(9	)		(370	)		(1,531	)		-			(2,648	)
Change in fair value of warrant liabilities		-			-			-			172			-			172
Net loss		(750	)		(5	)		(371	)		(1,420	)		-			(2,546	)
Total assets-June 30, 2023		9,755			143			1,262			37,483			(32,397	)		16,246
Total assets-December 31, 2022		10,385			156			1,682			39,136			(31,701	)		19,658

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

Three Months Ended June 30, 2023 (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		9,795			-			25			-			-		9,820
Cost of revenues		9,721			-			210			-			-		9,931
Total operating expenses		334			5			-			886	(1)		-		1,225
Depreciation and amortization expense included in cost of revenues and total operating expenses		93			-			210			20			-		323
Operating loss		(260	)		(5	)		(185	)		(886	)		-		(1,336	)
Change in fair value of warrant liabilities		-			-			-			71			-		71
Net loss		(268	)		(4	)		(185	)		(946	)		-		(1,403	)

(1) Including approximately US$0.05 million share-based compensation expenses.

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	)

(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.