SEGMENTS

12 Months Ended

Dec. 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 years ended December 31, 2022 and 2021:

	Real Estate			Digital Transformation Technology			Biohealth Business			Other			Total
Year Ended on December 31, 2022
Revenue	$	3,088,628		$	69,915		$	753,651		$	568,248		$	4,480,442
Cost of Sales		(3,016,200	)		(23,423	)		(523,534	)		(168,833	)		(3,731,990	)
Gross Margin		72,428			46,492			230,117			399,415			748,452
Operating Expenses		(1,479,674	)		(414,167	)		(850,044	)		(5,093,941	)		(7,837,826	)
Operating Income (Loss)		(1,407,246	)		(367,675	)		(619,927	)		(4,694,526	)		(7,089,374	)
Other Income (Expense)		5,885			(1,359,977	)		(4,669,309	)		(33,099,730	)		(39,123,131	)
Net Income (Loss) Before Income Tax		(1,401,361	)		(1,727,652	)		(5,289,236	)		(37,794,256	)		(46,212,505	)

	Real Estate			Digital Transformation Technology			Biohealth Business			Other			Total
Year Ended on December 31, 2021
Revenue	$	14,213,379		$	-		$	5,543,066		$	42,377		$	19,798,822
Cost of Sales		(11,073,756	)		-			(214,019	)		(14,039	)		(11,301,814	)
Gross Margin		3,139,623			-			5,329,047			28,338			8,497,008
Operating Expenses		(1,136,031	)		(183,429	)		(3,624,200	)		(18,547,470	)		(23,491,130	)
Operating Income (Loss)		2,003,592			(183,429	)		1,704,847			(18,519,132	)		(14,994,122	)
Other Income (Expense)		(8,955	)		1,286,962			(39,265,445	)		(65,502,017	)		(103,489,455	)
Net Income (Loss) Before Income Tax		1,994,637			1,103,533			(37,560,598	)		(84,021,149	)		(118,483,577	)
December 31, 2022
Cash and Restricted Cash	$	2,592,577		$	514,260		$	1,338,404		$	14,076,662		$	18,521,903
Total Assets		57,951,324			3,184,416			4,861,615			87,492,981			153,490,336
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