SEGMENT REPORTING

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

SEGMENT REPORTING

13. SEGMENT REPORTING

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. The Company has three reportable segments based on business unit, bio-carbon-based fertilizer (“BCBF”) trading business, online retailing business and beauty products trading business and two reportable segments based on country, United States and China.

In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

	For the Six Months Ended and As of June 30, 2024
By Business Unit	BCBF Trading Business			Online Retailing Business			Total
Revenue	$	16		$	292,389		$	292,405
Cost of revenue		(10	)		(65,107	)		(65,117	)
Selling and distribution expenses		-			(51,058	)		(51,058	)
General and administrative expenses		-			(98,694	)		(98,694	)
Profit from operations		6			77,530			77,536
Total assets	$	316,166			-		$	316,166
Capital expenditure		-			-			-

	For the Six Months Ended and As of June 30, 2023
By Business Unit	BCBF Trading Business			Online Retailing Business			Beauty Products Trading Business			Total
Revenue	$	57,622		$	97,077		$	1,272		$	155,971
Cost of revenue		(33,570	)		-			(147	)		(33,717	)
Selling and distribution expenses		(495	)		-			-			(495	)
General and administrative expenses		(83,457	)		(21,245	)		(42,266	)		(146,968	)
Profit (loss) from operations		(59,900	)		75,832			(41,141	)		(25,209	)
Total assets	$	261,377		$	-		$	82,628		$	344,005
Capital expenditure	$	-		$	-		$	6,614		$	6,614

	For the Six Months Ended and As of June 30, 2024
By Country	United States			China			Total
Revenue	$	-		$	292,405		$	292,405
Cost of revenue		-			(65,117	)		(65,117	)
Selling and distribution expenses		-			(51,058	)		(51,058	)
General and administrative expenses		(22,906	)		(75,788	)		(98,694	)
Profit (loss) from operations		(22,906	)		100,442			77,536
Total assets	$	5,551		$	310,615		$	316,166
Capital expenditure	$	-		$	-		$	-

	For the Six Months Ended and As of June 30, 2023
By Country	United States			China			Total
Revenue	$	-		$	155,971		$	155,971
Cost of revenue		-			(33,717	)		(33,717	)
Selling and distribution expenses		-			(495	)		(495	)
General and administrative expenses		(24,604	)		(122,364	)		(146,968	)
Loss from operations		(24,604	)		(605	)		(25,209	)
Total assets	$	15,454		$	328,551		$	344,005
Capital expenditure	$	-		$	6,614		$	6,614