Segment information and revenue analysis

12 Months Ended

Dec. 31, 2023

Segment Information And Revenue Analysis

Segment information and revenue analysis

Note 13 – 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 and Hong Kong.

Disaggregated information of revenues from discontinued operations by business lines are as follows:

	For the year ended December 31,
	2023		2022		2021
Standard cloud-based services	$	879,873	$	2,100,610	$	1,982,328
BPO services		1,092,397		2,001,452		2,261,998
Business integration services		422,605		1,326,009		4,076,446
Other revenues		194,948		77,663		1,320,308
Total revenues	$	2,589,823	$	5,505,734	$	9,641,080

Disaggregated information of revenues from continuing operations by business lines are as follows:

	For the year ended December 31,
	2023		2022		2021
Standard cloud-based services	$	—	$	—	$	—
BPO services		—		—		—
Business integration services		280,000		—		—
Other revenues		—		—		—
Total revenues	$	280,000	$	—	$	—

Disaggregated information of revenues by geography are as follows:

	For the year ended December 31,
	2023		2022		2021
Mainland China*	$	2,589,823	$	5,505,734	$	9,641,080
Outside Mainland China		280,000		—		—
Total revenues	$	2,869,823	$	5,505,734	$	9,641,080

* All of revenues collected from Mainland China were derived from discontinued operations for the year ended December 31, 2023, 2022 and 2021.