Segment information and revenue analysis

6 Months Ended

Jun. 30, 2022

Segment Information And Revenue Analysis

Segment information and revenue analysis

Note 18 – Segment information and revenue analysis

The Company follows ASC 280, Segment Reporting, which requires that companies disclose segment data based on how management makes decisions about allocating resources to each segment and evaluating their performances. The Company has one reporting segment. 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 and hence the Company has only one reportable segment. The Company does not distinguish between markets or segments for the purpose of internal reporting. The Company’s long-lived assets are substantially all located in the PRC and all of the Company’s revenues are derived from the PRC.

Disaggregated information of revenues by business lines are as follows:

	For the six months ended June 30, 2022		For the six months ended June 30, 2021
Standard cloud-based services	$	1,243,483	$	843,252
Business process outsourcing services		1,046,074		1,162,071
Business integration services		278,434		2,036,741
Other revenues		11,758		443,971
Total revenues	$	2,579,749	$	4,486,035