XML 34 R11.htm IDEA: XBRL DOCUMENT
v3.23.3

Segment Information | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2023 | Dec. 31, 2022
Segment Information [Abstract] |  |
SEGMENT INFORMATION | 4. SEGMENT INFORMATION The CODM reviews financial information of operating segments based on internal management report when making decisions about allocating resources and assessing the performance of the Group. As a result of the assessment made by CODM, the Group has two reportable segments for continuing operations, including automotive after-sales service business and insurance intermediation service business. The Group’s CODM evaluates performance based on the operating segment’s revenue and their operating results. The revenue and operating results by segments were as follows:
|  | For the Six Months Ended June 30, 2023 |
|  | Automotive after-sales service |  |  | Insurance intermediation service |  |  | Others |  |  | Consolidated |
Revenues from external customers |  | $ | 98,813 |  |  | $ | 47,710 |  |  | $ | 12,855 |  |  | $ | 159,378 |
Depreciation and amortization |  | $ | (1,884 | ) |  | $ | (1,278 | ) |  | $ | (28 | ) |  | $ | (3,190 | )
Segment income (loss) before tax |  | $ | 6,332 |  |  | $ | (938 | ) |  | $ | (3,408 | ) |  | $ | 1,986 |
|  | For the Six Months Ended June 30, 2022 |
|  | Automotive after-sales service |  |  | Insurance intermediation service |  |  | Others |  |  | Consolidated |
Revenues from external customers |  | $ | 89,851 |  |  | $ | 29,346 |  |  | $ | 5,531 |  |  | $ | 124,728 |
Depreciation and amortization |  | $ | (1,633 | ) |  | $ | (407 | ) |  | $ | (37 | ) |  | $ | (2,077 | )
Segment income (loss) before tax |  | $ | 8,466 |  |  | $ | (819 | ) |  | $ | (34 | ) |  | $ | 7,613 |
The total assets from continuing operations by segments as of December 31, 2022 and June 30, 2023 were as follows:
|  | December 31, |  |  | June 30, |
|  | 2022 |  |  | 2023 |
Segment assets |  |  |  |  |  |  |  |
Automotive after-sales service |  | $ | 113,992 |  |  | $ | 136,841 |
Insurance intermediation service |  |  | 68,123 |  |  |  | 66,893 |
Others |  |  | 9,853 |  |  |  | 20,285 |
Total segment assets from continuing operations |  | $ | 191,968 |  |  | $ | 224,019 |
As the reportable segment for financial leasing qualified for discontinued operation, it is not required to disclose the information in segment reporting required by ASC 280. |
4. | SEGMENT INFORMATION
The CODM reviews financial information of operating segments based on internal management report when making decisions about allocating resources and assessing the performance of the Group. As a result of the assessment made by CODM, the Group has two reportable segments for continuing operations, including automotive after-sales service business and insurance intermediation service business. The Group’s CODM evaluates performance based on the operating segment’s revenue and their operating results. The revenue and operating results by segments were as follows:
|  | Year ended December 31, 2020 |
|  | Automotive after-sales service |  |  | Insurance intermediation service |  |  | Others |  |  | Consolidated |
Revenues from external customers |  | $ | 154,238 |  |  | $ | 84,161 |  |  | $ | 526 |  |  | $ | 238,925 |
Depreciation and amortization |  | $ | (1,090 | ) |  | $ | (449 | ) |  | $ | (74 | ) |  | $ | (1,613 | )
Segment income (loss) before tax |  | $ | 12,864 |  |  | $ | (3,616 | ) |  | $ | (874 | ) |  | $ | 8,374 |
|  | Year ended December 31, 2021 |
|  | Automotive after-sales service |  |  | Insurance intermediation service |  |  | Others |  |  | Consolidated |
Revenues from external customers |  | $ | 187,880 |  |  | $ | 56,766 |  |  | $ | 4,589 |  |  | $ | 249,235 |
Depreciation and amortization |  | $ | (3,404 | ) |  | $ | (578 | ) |  | $ | (73 | ) |  | $ | (4,055 | )
Segment income (loss) before tax |  | $ | 15,891 |  |  | $ | (4,256 | ) |  | $ | (1,105 | ) |  | $ | 10,530 |
|  | Year ended December 31, 2022 |
|  | Automotive after-sales service |  |  | Insurance intermediation service |  |  | Others |  |  | Consolidated |
Revenues from external customers |  | $ | 199,294 |  |  | $ | 67,640 |  |  | $ | 15,479 |  |  | $ | 282,413 |
Depreciation and amortization |  | $ | (3,452 | ) |  | $ | (1,558 | ) |  | $ | (68 | ) |  | $ | (5,078 | )
Segment income (loss) before tax |  | $ | (8,109 | ) |  | $ | (2,212 | ) |  | $ | (353 | ) |  | $ | (10,674 | )
The total assets from continuing operations by segments as of December 31, 2021 and 2022 were as follows:
|  | December 31, |
|  | 2021 |  |  | 2022 |
Segment assets |  |  |  |  |  |
Automotive after-sales service |  | $ | 153,723 |  |  | $ | 113,992 |
Insurance intermediation service |  |  | 49,729 |  |  |  | 68,123 |
Others |  |  | 1,943 |  |  |  | 9,853 |
Total segment assets from continuing operations |  | $ | 205,395 |  |  | $ | 191,968 |
As the reportable segment for financial leasing qualified for discontinued operation, it is not required to disclose the information in segment reporting required by ASC 280.

X
- References No definition available. + Details
Name: | cik0001936804_SegmentInformationLineItems
Namespace Prefix: | cik0001936804_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration