SEGMENTS

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

SEGMENTS

4. SEGMENTS

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision–making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision-maker is the CEO. The Company operates in and reports four business segments: real estate, digital transformation technology, biohealth, and other business activities. The Company’s reportable segments are determined based on the services they perform and the products they sell, not on the geographic area in which they operate. The Company’s chief operating decision maker evaluates segment performance based on segment revenue. Costs excluded from segment income (loss) before taxes and reported as “Other” consist of corporate general and administrative activities which are not allocable to the four reportable segments.

The following table summarizes the Company’s segment information for the following balance sheet dates presented, and for the three months ended March 31, 2022 and 2021:

	Real Estate			Digital Transformation Technology			Biohealth Business			Other			Total
Three Months Ended on March 31, 2022
Revenue	$	1,274,106		$	-		$	617,471		$	60,660		$	1,952,237
Cost of Sales		(1,093,709	)		-			(12,038	)		(8,803	)		(1,114,550	)
Gross Margin		180,397			-			605,433			51,857			837,687
Operating Expenses		(536,765	)		(114,263	)		(620,342	)		(1,219,858	)		(2,491,228	)
Operating Loss		(356,368	)		(114,263	)		(14,909	)		(1,168,001	)		(1,653,541	)
Other Income (Expense)		98			(455,000	)		(1,205,349	)		(4,394,547	)		(6,054,798	)
Net Loss Before Income Tax		(356,270	)		(569,263	)		(1,220,258	)		(5,562,548	)		(7,708,339	)

	Real Estate			Digital Transformation Technology			Biohealth Business			Other			Total
Three Months Ended on March 31, 2021
Revenue	$	3,894,131		$	-		$	1,712,783		$	-		$	5,606,914
Cost of Sales		(3,614,832	)		-			(83,022	)		-			(3,697,854	)
Gross Margin		279,299			-			1,629,761			-			1,909,060
Operating Expenses		(359,489	)		(30,128	)		(846,480	)		(1,076,408	)		(2,312,505	)
Operating (Loss) Income		(80,190	)		(30,128	)		783,281			(1,076,408	)		(403,445	)
Other Expense		(9,873	)		(36,471	)		(8,371,117	)		(532,505	)		(8,949,966	)
Net Loss Before Income Tax		(90,063	)		(66,599	)		(7,587,836	)		(1,608,913	)		(9,353,411	)
March 31, 2022
Cash and Restricted Cash	$	4,613,299		$	210,576		$	2,443,494		$	46,778,784		$	54,046,153
Total Assets		53,290,942			1,708,769			9,199,987			128,630,889			192,830,587
December 31, 2021
Cash and Restricted Cash	$	7,493,921		$	245,780		$	2,629,464		$	50,433,014		$	60,802,179
Total Assets		55,465,600			2,199,466			11,056,779			115,488,298			184,210,143