Note 22 – Segment information

The Company’s segments are business units that offer different products and services and are reviewed separately by the chief operating decision maker (the “CODM”), or the decision-making group, in deciding how to allocate resources and in assessing performance. The Company’s CODM is the Company’s Chief Executive Officer. During fiscal 2015, there was only one segment, ie the sale of LCD/LED products. During 2016, after the acquisition of Boca, there is one additional segment, consisting of the provision of green energy products and services. During 2017, after the acquisition of CSL and Giant Credit, there are two additional segments, consisting of the VR service and products and money lending.

For the year ended December 31, 2017	LCD/LED products		Green energy products and services		VR products and services		Money lending services		Corporate unallocated (note)		Consolidated
Revenues	$	42	$	9	$	-	$	-	$	-	$	51
Gross (loss) profit		16		(1,308)		-		-		-		(1,292)
Operating expenses		(1,052)		(6,009)		(2,740)		-		(773)		(10,574)
Loss from operations		(1,036)		(7,317)		(2,740)		-		(773)		(11,866)
Other income (expenses)		136		(13)		-		-		(150)		(27)
Loss before provision for income taxes		(900)		(7,330)		(2,740)		-		(923)		(11,893)
Income tax benefit		-		350		329		-		-		679
Net loss		(900)		(6,980)		(2,411)		-		(923)		(11,214)

As of December 31, 2017
Identifiable long-lived assets		3		23,888		18,370		508		-		42,769
Total assets		2,085		56,696		37,287		2,376		9		98,453

			Green energy		Corporate
	LCD/LED		products		unallocated
For the year ended December 31, 2016	products		and services		(note)		Consolidated
Revenues	$	5,067	$	2	$		$	5,069
Gross profit		200		2				202
Operating expenses		1,281		1,272		1,617		4,170
Loss from operations		(1,081)		(1,270)		(1,617)		(3,968)
Other income (expenses)		137		(9)		(1,522)		(1,394)
Loss before provision for income taxes		(944)		(1,279)		(3,139)		(5,362)
Income tax benefit		-		315		-		315
Net loss		(944)		(964)		(3,139)		(5,047)

As of December 31, 2016
Identifiable long-lived assets		5		25,290		-		25,295
Total assets		1,965		61,794		36,513		100,272

Note:

The Company does not allocate its assets located and expenses incurred outside Hong Kong and China to its reportable segments because these assets and activities are managed at a corporate level.

Geographic area data is based on product shipment destination. In accordance with the enterprise-wide disclosure requirements of the accounting standard, the Company’s net revenue from external customers by geographic areas is as follows:

	For the year ended December 31,
	2017		2016		2015

Mainland China	$	42	$	751	$	1,184
Hong Kong		9		4,318		737

Total	$	51	$	5,069	$	1,921