SEGMENTS

3 Months Ended

Mar. 31, 2024

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, 2024 and 2023:

	Real Estate			Digital Transformation Technology			Biohealth Business			Other			Total
Three Months Ended on March 31, 2024
Revenue	$	5,752,994		$	-		$	535		$	332,678		$	6,086,207
Cost of Sales		(4,533,660	)		-			(2,041	)		(122,666	)		(4,658,367	)
Gross Margin		1,219,334			-			(1,506	)		210,012			1,427,840
Operating Expenses		(361,696	)		(163,707	)		(826,961	)		(2,341,990	)		(3,694,354	)
Operating Income (Loss)		857,638			(163,707	)		(828,497	)		(2,131,977	)		(2,266,513	)
Other Income (Expense)		15,148			(3,491,466	)		(205,821	)		1,365,140			(5,047,279	)
Net Income (Loss) Before Income Tax		872,786			(3,655,173	)		(1,034,288	)		(3,497,117	)		(7,313,792	)

	Real Estate			Digital Transformation Technology			Biohealth Business			Other			Total
Three Months Ended on March 31, 2023
Revenue	$	633,811		$	14,040		$	12,786		$	266,299		$	926,936
Cost of Sales		(602,340	)		(4,568	)		(14,367	)		(68,006	)		(689,281	)
Gross Margin		31,471			9,472			(1,581	)		198,293			237,655
Operating Expenses		(440,017	)		(139,903	)		(141,290	)		(1,606,175	)	$	(2,327,385	)
Operating Loss		(408,546	)		(130,431	)		(142,871	)		(1,407,882	)		(2,089,730	)
Other Income (Expense)		45			(1,061,068	)		319,635			(1,492,064	)	$	(2,233,452	)
Net Loss Before Income Tax		(408,501	)		(1,191,499	)		176,764			(2,899,946	)		(4,323,182	)
March 31, 2024
Cash and Restricted Cash	$	2,988,864		$	312,996		$	411,751		$	20,979,265		$	24,692,876
Total Assets		63,338,168			2,340,946			2,077,355			28,953,819			96,710,288
December 31, 2023
Cash and Restricted Cash	$	3,323,210		$	430,807		$	568,702		$	23,566,574		$	27,889,293
Total Assets		62,989,233			5,845,269			2,450,876			55,028,650			126,314,028