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SEGMENT REPORTING (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING

 

                 
   For the year ended December 31, 2021 
   Clean Food Platform   Restaurant   Others   Total 
Revenues  $12,145,531   $100,945   $11,975   $12,258,451 
Cost of goods sold   9,343,635    74,949    22　    9,418,606 
Gross profit   2,801,896    25,996    11,953    2,839,845 
Depreciation and amortization   237,366    124,215    26,738    388,319 
Capital expenditures   49,772    2,912    28,513    81,197 
Loss from operations   (693,466)   (259,274)   (148,957)   (1,101,697)
Provision for income taxes   -    -    -    - 
Segment loss   (712,163)   (256,503)   (148,920)   (1,117,586)
Segment assets  $1,891,075   $123,940   $26,275,025   $28,290,040 

 

 

MEIWU TECHNOLOGY COMPANY LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

12. SEGMENT REPORTING (CONTINUED)

 

                 
   For the year ended December 31, 2020 
   Clean Food Platform   Restaurant   Others   Total 
Revenues  $22,096,730   $28,590   $-   $22,125,320 
Cost of goods sold   17,967,581    12    -    17,967,593 
Gross profit   4,129,149    28,578    -    4,157,727 
Depreciation and amortization   200,921    106,540    102    307,563 
Capital expenditures   5,063    18,766    3,876    27,705 
Loss from operations   (1,841,174)   (134,053)   (262,093)   (2,237,320)
Provision for income taxes   -    -    -    - 
Segment loss   (1,822,536)   (133,433)   (262,093)   (2,218,062)
Segment assets  $10,853,114   $443,595   $26,166,168   $37,462,877 

 

                 
   For the year ended December 31, 2019 
   Clean Food Platform   Restaurant   Others   Total 
Revenues  $7,666,506   $16,077   $-   $7,682,583 
Cost of goods sold   5,762,301    15,866    -    5,778,167 
Gross profit   1,904,205    211    -    1,904,416 
Depreciation and amortization   70,798    31,283    -    102,082 
Capital expenditures   43,784    36,789    -    80,573 
Loss from operations   (1,268,097)   (205,405)   (285,444)   (1,758,946)
Provision for income taxes   -    -    -    - 
Segment loss   (1,265,334)   (204,264)   (285,444)   (1,755,042)
Segment assets  $2,482,450   $451,221   $310,277   $3,243,948