Segment information and revenue analysis

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment information and revenue analysis

23.Segment information and revenue analysis

The Company follows ASC 280, Segment Reporting, which requires that companies to disclose segment data based on how management makes decision about allocating resources to each segment and evaluating their performances. The Company has three reporting segments. The Company’s chief operating decision maker has been identified as the Chief Executive Officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. The Company considers itself to be operating within one reportable segment. The Company’s revenue and net income are substantially derived from interactive toys, and mobile games.

Disaggregated information of revenues by business lines are as follows:

	Year ended		Year ended		Year ended
	December 31,		December 31,		December 31,
	2021		2020		2019
Interactive toys - animation series	$	657,619	$	1,575,903	$	160,672
Interactive toys - game series		8,723,480		16,131,115		21,152,258
Mobile game		4,165,456		2,506,285		2,521,199
Information service		1,608,519		4,386,620		—
Total revenues	$	15,155,074	$	24,599,923	$	23,834,129

Disaggregated information by business lines are as follows:

Year ended December 31, 2021

	Interactive toys animation series			Interactive to game series			Mobile game			Information Service
Revenue	$	657,619		$	8,723,480		$	4,165,456		$	1,608,519
Costs of revenue		(140,450	)		(4,340,776	)		(2,889,486	)		(1,301,438	)
Gross Profit	$	517,169		$	4,382,704		$	1,275,970		$	307,081

Year ended December 31, 2020
	Interactive toys animation series			Interactive toys game series			Mobile game			Information Service
Revenue	$	1,575,903		$	16,131,115		$	2,506,285		$	4,386,620
Costs of revenue		(1,331,731	)		(5,503,184	)		(10,577	)		(4,334,411	)
Gross Profit	$	244,172		$	10,627,931		$	2,495,708		$	52,209

Year ended December 31, 2019
	Interactive toys animation series				Interactive toys game series				Mobile game
Revenue		$	160,672			$	21,152,258			$	2,521,199
Costs of revenue			(81,201	)			(7,160,508	)			(290,091	)
Gross Profit		$	79,471			$	13,991,750			$	2,231,108

The Company’s operations are primarily based in the PRC, where the Company derives a substantial portion of their revenues. Management also reviews consolidated financial results by business locations. Disaggregated information of revenues by geographic locations are as follows

	Year ended December 31, 2021		Year ended December 31, 2020		Year ended December 31, 2019
Domestic PRC revenues	$	15,155,074	$	24,599,923	$	23,834,129
Export revenues		—		—		—
Total revenues	$	15,155,074	$	24,599,923	$	23,834,129