Note 19 - Segment Reporting

3 Months Ended

Mar. 31, 2024

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, 2024 (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		3,531			-			-			-			-			3,531
Cost of revenues		3,459			-			-			-			-			3,459
Total operating expenses		370			3			210			411			-			994
Depreciation and amortization expense included in cost of revenues and total operating expenses		8			-			210			20			-			238
Operating loss		(298	)		(3	)		(210	)		(411	)		-			(922	)
Change in fair value of warrant liabilities		-			-			-			-			-			-
Net loss		(308	)		(3	)		(210	)		(329	)		-			(850	)
Total assets-March 31, 2024		7,994			144			631			35,227			(32,592	)		11,404
Total assets-December 31, 2023		7,966			144			841			34,867			(32,585	)		11,233

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	)

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