SEGMENTS

6 Months Ended

Jun. 30, 2023

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 six months ended June 30, 2023 and 2022:

	Real Estate			Digital Transformation Technology			Biohealth Business			Other			Total
Six Months Ended on June 30, 2023
Revenue	$	19,515,728		$	28,074		$	12,786		$	524,196		$	20,080,784
Cost of Sales		(12,168,470	)		(9,139	)		(109,657	)		(140,508	)		(12,427,774	)
Gross Margin		7,347,258			18,935			(96,871	)		383,688			7,653,010
Operating Expenses		(992,201	)		(202,430	)		(477,917	)		(2,960,696	)		(4,633,244	)
Operating Loss		6,355,057			(183,495	)		(574,788	)		(2,577,008	)		3,019,766
Other Income (Expense)		215,306			(1,091,514	)		835,888			(13,116,034	)		(13,156,354	)
Net Loss Before Income Tax	$	6,570,363		$	(1,275,009	)	$	261,100		$	(15,693,042	)	$	(10,136,588	)

	Real Estate			Digital Transformation Technology			Biohealth Business			Other			Total
Six Months Ended on June 30, 2022
Revenue	$	1,924,916		$	7,701		$	749,693		$	196,267		$	2,878,577
Cost of Sales		(1,625,942	)		(2,792	)		(11,985	)		(24,508	)		(1,665,227	)
Gross Margin		298,974			4,909			737,708			171,759			1,213,350
Operating Expenses		(1,320,957	)		(159,976	)		(910,246	)		(2,129,974	)		(4,521,153	)
Operating (Loss) Income		(1,021,983	)		(155,067	)		(172,538	)		(1,958,215	)		(3,307,803	)
Other Expense		209			(764,968	)		(3,039,097	)		(10,579,541	)		(14,383,397	)
Net Loss Before Income Tax	$	(1,021,774	)	$	(920,035	)	$	(3,211,635	)	$	(12,537,756	)	$	(17,691,200	)
June 30, 2023
Cash and Restricted Cash	$	2,209,538		$	461,704		$	991,986		$	25,828,907		$	29,492,135
Total Assets		61,091,436			3,516,613			5,136,085			98,697,677			168,441,811
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