SEGMENT INFORMATION AND REVENUE ANALYSIS

12 Months Ended

Dec. 31, 2023

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.

Disaggregated information of revenues by business lines are as follows:

	Year ended		Year ended		Year ended
	December 31,		December 31,		December 31,
	2023		2022		2021
Diamond trading	$	15,152,777	$	—	$	—
Commodity trading		58,118,001		1,149,163		—
Information service		415,955		884,329		1,608,519
Interactive toys - animation series		—		6,903		657,619
Interactive toys - game series		—		155,559		8,723,480
Mobile game		—		—		1,149,882
Total revenues	$	73,686,733	$	2,195,954	$	12,139,500

Disaggregated information by business lines are as follows:

Year ended December 31, 2023

	Diamond Trading			Commodity Trading			Information service			Interactive toys animation series		Interactive toys game series		Mobile game
Revenue	$	15,152,777		$	58,118,001		$	415,955		$	—	$	—	$	—
Costs of
revenue		(13,901,688	)		(58,081,952	)		(549,242	)		—		—		—
Gross Profit		1,251,089			36,049			(133,287	)		—		—		—

Year ended December 31, 2022
	Interactive toys animation series			Interactive toys game series			Commodity Trading			Information Service
Revenue	$	6,903		$	155,559		$	1,149,163		$	884,329
Costs of revenue		(3,420	)		(78,118	)		(50,804	)		(826,096	)
Gross Profit	$	3,483		$	77,441		$	1,098,359		$	58,233

Year ended December 31, 2021
	Interactive toys animation series			Interactive toys game series			Mobile game		Information Service
Revenue	$	657,619		$	8,723,480		$	1,149,882	$	1,608,519
Costs of revenue		(140,450	)		(4,340,776	)		—		(1,301,438	)
Gross Profit	$	517,169		$	4,382,704		$	1,149,882	$	307,081

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, 2023		Year ended December 31, 2022		Year ended December 31, 2021
Domestic PRC revenues	$	73,686,733	$	2,195,954	$	12,139,500
Export revenues		—		—		—
Total revenues	$	73,686,733	$	2,195,954	$	12,139,500

Segment asset

	December 31,		December 31,
	2023		2022
Diamond trading	$	33,029,615	$	—
Commodity trading		114,900		159,666
Information service		2,507,120		2,646,806
Interactive toys		—		10,379,754
Corporate and Unallocated		13,611,203		11,712,894
Assets related to discontinued operation		—		9,377,738
Total		49,262,838		34,276,858

Assets subject to attribution to business segments largely include property, plant and equipment, receivable and right of use assets. All other items are reflected in Corporate and Unallocated.