SEGMENTED INFORMATION

3 Months Ended

Mar. 31, 2021

SEGMENTED INFORMATION

NOTE 12 - SEGMENTED INFORMATION

At March 31, 2021, the Company (“BGLC”) operates in biochemical industry segment through its two Malaysian subsidiaries, BioNexus Malaysia and Chemrex.  

The corporate structure as at March 31, 2021 is depicted below:

	BioNexus Gene Lab Corp., a Wyoming company
100% owned		100% owned
Bionexus Gene Lab Sdn. Bhd., a Malaysian company		Chemrex Corporation Sdn. Bhd., a Malaysian Company

For the quarter ended March 31, 2021, segmented (unaudited) revenue and net profit/(loss) (Currency expressed in United States Dollars (“US$”) are as follows:

	BioNexus Malaysia			Chemrex			Total			Consolidated with BGLC
	Three months ended March 31, 2021
REVENUE	$	97,363		$	3,351,796		$	3,449,159		$	3,449,159
COST OF REVENUE		(67,707	)		(2,798,887	)		(2,866,594	)		(2,866,594	)
GROSS PROFIT		29,656			552,909			582,565			582,565
OTHER INCOME		763			61,625			62,388			62,388
OPERATING EXPENSES
General and administrative		(22,511	)		(233,152	)		(255,663	)		(302,851	)
FINANCE COSTS		(1,207	)		(2,151	)		(3,358	)		(3,358	)
PROFIT BEFORE TAX		6,701			379,231			385,932			338,744
Tax expense:		0			0			0			0
NET PROFIT	$	6,701		$	379,231		$	385,932		$	338,744

	BioNexus Malaysia			Chemrex			Total			Consolidated with BGLC
	Three months ended March 31, 2020
REVENUE	$	0		$	3,070,026		$	3,070,026		$	3,070,026
COST OF REVENUE		(12,992	)		(2,401,727	)		(2,414,719	)		(2,414,719	)
GROSS (LOSS)/PROFIT		(12,992	)		668,299			655,307			655,307
OTHER INCOME		4,745			741,896			746,641			746,641
OPERATING EXPENSES
General and administrative		(20,149	)		(290,635	)		(310,784	)		(328,418	)
FINANCE COSTS		(1,063	)		(1,963	)		(3,026	)		(3,026	)
(LOSS)/PROFIT BEFORE TAX		(29,459	)		1,117,597			1,088,138			1,070,504
Tax expense:		(860	)		0			(860	)		(860	)
NET (LOSS)/PROFIT	$	(30,319	)	$	1,117,597		$	1,087,278		$	1,069,644

	As Of March 31, 2021 and December 31, 2020
	Total Assets				Total Liabilities
	2021		2020		2021		2020
Bionexus (M)	$	816,893	$	902,552	$	711,549	$	800,610
Chemrex		8,894,730		9,008,245		2,976,336		3,283,814
TOTAL		9,711,623		9,910,797		3,687,885		4,084,424