Note 18 - Segment Reporting

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

18. 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, 2025 (Unaudited)

	Internet Ad and related service			IP Services		Blockchain technology		Corporate			Inter-segment and reconciling item			Total
	US$ (‘000)			US$ (‘000)		US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)
Revenues		1,488			97		615		-			-			2,200
Cost of revenues		1,362			71		560		-			-			1,993
Total operating expenses		302			-		-		1,166			-			1,468
Depreciation and amortization expense included in cost of revenues and total operating expenses		12			71		-		8			-			91
Operating income/(loss)		(176	)		26		55		(1,166	)		-			(1,261	)
Net income/(loss)		(180	)		26		55		(1,068	)		-			(1,167	)
Total assets-June 30, 2025		7,399			636		55		33,860			(32,704	)		9,246
Total assets-December 31, 2024		7,627			-		-		34,405			(32,346	)		9,686

Three Months Ended June 30, 2025 (Unaudited)

	Internet Ad and related service			IP Services		Blockchain technology		Corporate			Inter-segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)		US$ (‘000)		US$ (‘000)			US$ (‘000)		US$ (‘000)
Revenues		469			79		-		-			-		548
Cost of revenues		443			58		-		-			-		501
Total operating expenses		288			-		-		441			-		729
Depreciation and amortization expense included in cost of revenues and total operating expenses		5			58		-		6			-		69
Operating income/(loss)		(262	)		21		-		(441	)		-		(682	)
Net income/(loss)		(262	)		21		-		(396	)		-		(637	)

Six Months Ended June 30, 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		9,201			-			750		-			-			9,951
Cost of revenues		9,131			-			420		-			-			9,551
Total operating expenses		883			7			-		733			-			1,623
Depreciation and amortization expense included in cost of revenues and total operating expenses		16			-			420		40			-			476
Operating income/(loss)		(813	)		(7	)		330		(733	)		-			(1,223	)
Impairment on long-term investments		-			-			-		(2	)		-			(2	)
Net income/(loss)		(828	)		(7	)		330		(577	)		-			(1,082	)
Total assets-June 30, 2024		7,657			147			1,171		34,308			(32,440	)		10,843
Total assets-December 31, 2023		7,966			144			841		34,867			(32,585	)		11,233

Three Months Ended June 30, 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		5,670			-			750		-			-		6,420
Cost of revenues		5,672			-			420		-			-		6,092
Total operating expenses		513			4			-		112			-		629
Depreciation and amortization expense included in cost of revenues and total operating expenses		8			-			210		20			-		238
Operating income/(loss)		(515	)		(4	)		330		(112	)		-		(301	)
Impairment on long-term investments		-			-			-		(2	)		-		(2	)
Net income/(loss)		(520	)		(4	)		540		(248	)		-		(232	)