SEGMENTED INFORMATION

3 Months Ended

Mar. 31, 2023

SEGMENTED INFORMATION

SEGMENTED INFORMATION

NOTE 11 - SEGMENTED INFORMATION

At March 31, 2023, the Company (“BGLC”) operates in the biochemical industry segment through its two Malaysian subsidiaries, BioNexus Malaysia and Chemrex.

		BioNexus Gene Lab Corp. (a Wyoming company)
	100%			100%
Bionexus Gene Lab Sdn Bhd (a Malaysia company)			Chemrex Corporation Sdn Bhd (a Malaysia Company)

For the quarter ended March 31, 2023, segmented (unaudited) revenue and net profit/(loss) (Currency expressed in United States Dollars (“US$”) are as follows:

	BioNexus Malaysia			Chemrex			BGLC			Total
	Three months ended March 31, 2023
REVENUE	$	7,436		$	2,369,769		$	-		$	2,377,205
COST OF REVENUE		(5,347	)		(2,002,961	)		-			(2,008,308	)
GROSS /PROFIT		2,089			366,808			-			368,897
OTHER INCOME		1,126			116,218			-			117,344
OPERATING EXPENSES
General and administrative		(46,255	)		(383,177	)		(107,440	)		(536,872	)
(LOSS)/PROFIT FROM OPERATIONS		(43,040	)		99,849			(107,440	)		(50,631	)
FINANCE COSTS		(666	)		(1,779	)		-			(2,445	)
(LOSS)/PROFIT BEFORE TAX		(43,706	)		98,070			(107,440	)		(53,076	)
Tax expense		-			(15,990	)		-			(15,990	)
NET (LOSS)/PROFIT	$	(43,706	)	$	82,080		$	(107,440	)	$	(69,066	)

	BioNexus Malaysia			Chemrex			BGLC			Total
	Three months ended March 31, 2022
REVENUE	$	24,269		$	3,004,676		$	-		$	3,028,945
COST OF REVENUE		(8,038	)		(2,664,574	)		-			(2,672,612	)
GROSS PROFIT		16,231			340,102			-			356,333
OTHER INCOME		2,076			44,306			12			46,394
OPERATING EXPENSES
General and administrative		(44,042	)		(297,769	)		(26,225	)		(368,036	)
(LOSS)/PROFIT FROM OPERATIONS		(25,735	)		86,639			(26,213	)		34,691
FINANCE COSTS		(799	)		(2,527	)		-			(3,326	)
PROFIT/(LOSS) BEFORE TAX		(52,269	)		170,751			(52,426	)		31,365
Tax expense		-			(14,299	)		-			(14,299	)
NET PROFIT/(LOSS)	$	(52,269	)	$	502,730		$	(52,426	)	$	17,066

	As of March 31, 2023 and December 31, 2022
	Total Assets				Total Liabilities
	2023		2022		2023		2022
BGLC & Bionexus	$	509,574	$	677,477	$	93,034	$	108,390
Chemrex		7,677,067		8,062,685		1,536,699		1,966,759
TOTAL		8,186,641		8,740,162		1,629,733		2,075,149