SEGMENTS

9 Months Ended

Sep. 30, 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 nine months ended September 30, 2022 and 2021:

	Real Estate			Digital Transformation Technology			Biohealth Business			Other			Total
Nine Months Ended on September 30, 2022
Revenue	$	2,494,707		$	14,066		$	771,847		$	319,862		$	3,600,482
Cost of Sales		(1,880,914	)		(4,574	)		(512,931	)		(80,177	)		(2,478,596	)
Gross Margin		613,793			9,492			258,916			239,685			1,121,886
Operating Expenses		(1,988,323	)		(255,764	)		(587,051	)		(3,669,563	)		(6,500,701	)
Operating Loss		(1,374,530	)		(246,272	)		(328,135	)		(3,429,878	)		(5,378,815	)
Other Income (Expense)		26,505			(1,359,913	)		(3,535,998	)		(20,677,529	)		(25,546,935	)
Net Loss Before Income Tax		(1,348,025	)		(1,606,185	)		(3,864,133	)		(24,107,407	)		(30,925,750	)

	Real Estate			Digital Transformation Technology			Biohealth Business			Other			Total
Nine Months Ended on September 30, 2021
Revenue	$	12,026,069		$	-		$	4,919,844		$	-		$	16,945,913
Cost of Sales		(8,291,698	)		-			(218,507	)		-			(8,510,205	)
Gross Margin		3,734,371			-			4,701,337			-			8,435,708
Operating Expenses		(901,236	)		(173,594	)		(3,451,152	)		(8,940,432	)		(13,466,414	)
Operating (Loss) Income		2,833,135			(173,594	)		1,250,185			(8,940,432	)		(5,030,706	)
Other Expense		(9,063	)		403,000			(33,960,503	)		(53,727,340	)		(87,293,906	)
Net Loss Before Income Tax		2,824,072			229,406			(32,710,318	)		(62,667,772	)		(92,324,612	)
September 30, 2022
Cash and Restricted Cash	$	2,678,530		$	389,118		$	1,698,868		$	18,469,310		$	23,235,826
Total Assets		49,820,288			1,273,132			6,074,039			107,497,047			164,664,506
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