SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2021

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 10 - SEGMENT INFORMATION

The Company’s segments are business units that offer different products and services and are reviewed separately by the chief operating decision maker (the “CODM”), or the decision-making group, in deciding how to allocate resources and in assessing performance. The Company’s CODM is the Company’s Chief Executive Officer.

The Company used to have one reportable segment, being technology development and provision of coding services in various industries and markets. Starting from the last quarter of fiscal 2019, there is one additional segment, consisting of the leasing and installation of network systems, WiFi devices and related accessories.

	Technology
	development and
	services provider
	specializing in		Lease and install
	coding services in		network systems,
	various		WiFi devices and		Corporate
	industries and		related		unallocated
For the three months ended March 31, 2021	markets		accessories		(note)		Consolidated
Revenues	$	—	$	962	$	—	$	962
Cost of revenue		—		(552)		—		(552)
Gross profit		—		410		—		410
General and administrative expenses		(46,178)		(55,468)		(124,017)		(225,663)
Loss from operations		(46,178)		(55,058)		(124,017)		(225,253)
Finance expenses		—		(63,588)		—		(63,588)
Other expense		(29,694)		(47,208)		—		(76,902)
Loss before income tax		(75,872)		(165,854)		(124,017)		(365,743)
Income tax expense		—		—		—		—
Net loss		(75,872)		(165,854)		(124,017)		(365,743)
Total assets
As of March 31, 2021	$	74,967	$	559,435	$	421	$	634,823
As of December 31, 2020	$	156,270	$	619,411	$	421	$	776,102

	Technology
	development and
	services provider
	specializing in		Lease and install
	coding services in		network systems,
	various		WiFi devices and		Corporate
	industries and		related		unallocated
For the three months ended March 31, 2020	markets		accessories		(note)		Consolidated
Revenues	$	—	$	—	$	—	$	—
Cost of revenue		—		—		—		—
Gross profit		—		—		—		—
General and administrative expenses		(128,720)		(58,879)		(119,511)		(307,110)
Loss from operations		(128,720)		(58,879)		(119,511)		(307,110)
Finance expenses		—		(64,913)		—		(64,913)
Other expense		(94,314)		(102,122)		—		(196,436)
Loss before income tax		(223,034)		(225,914)		(119,511)		(568,459)
Income tax expense		—		—		—		—
Net loss		(223,034)		(225,914)		(119,511)		(568,459)

Note: The Company does not allocate its assets located and expenses incurred outside Hong Kong and Thailand to its reportable segments because these assets and activities are managed at a corporate level.

The Company primarily operates in Thailand. Substantially all the Company's long-lived assets are located in Thailand.