v3.21.2

Segment information | 12 Months Ended
--- | ---
Dec. 31, 2020
Segment information |
Segment information | Note 19 – 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 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. During 2018, after the acquisition of 11 Hau Fook Street Limited and Paris Sky Limited, there are one additional segment, consisting of the property lease and management. During 2020, after the acquisition GFS and Apiguru, there are one additional segment, consisting of financial technology solutions and services
|  |  |  |  | Green |  | VR |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | energy |  | products |  |  |  | Property |  | Financial |  |  |  |  |
|  | LCD/ |  | products |  | and |  | Money |  | lease |  | technology |  | Corporate |  |
For the year ended |  | LED |  | and services |  | services |  | lending |  | and |  | solutions |  | unallocated |  |
December 31, 2020 |  | products |  | (discontinued) |  | (discontinued) |  | services |  | management |  | and services |  | (note) |  | Consolidated
Revenues |  | $ | — |  | $ | — |  | $ | — |  | $ | 1,667 |  | $ | 1,130 |  | $ | 1,496 |  | $ | — |  | $ | 4,293
Gross (loss) profit |  |  | — |  |  | — |  |  | — |  |  | 1,565 |  |  | (1,193) |  |  | (1,438) |  |  | — |  |  | (1,066)
Operating expenses |  |  | (616) |  |  | — |  |  | — |  |  | (3,048) |  |  | (4,889) |  |  | (56,892) |  |  | (831) |  |  | (66,276)
Operating (loss) profit from continuing operations |  |  | (616) |  |  | — |  |  | — |  |  | (1,483) |  |  | (6,082) |  |  | (58,330) |  |  | (831) |  |  | (67,342)
Other income (expenses) |  |  | (306) |  |  | — |  |  | — |  |  | 22 |  |  | (159) |  |  | 10 |  |  | (457) |  |  | (890)
(Loss) profit before provision for income taxes and non-controlling interests |  |  | (922) |  |  | — |  |  | — |  |  | (1,461) |  |  | (6,241) |  |  | (58,320) |  |  | (1,288) |  |  | (68,232)
Income tax benefit (expense) |  |  | — |  |  | — |  |  | — |  |  | (534) |  |  | 400 |  |  | 443 |  |  | — |  |  | 309
Net (loss) profit from continuing operations |  |  | (922) |  |  | — |  |  | — |  |  | (1,995) |  |  | (5,841) |  |  | (57,877) |  |  | (1,288) |  |  | (67,923)
As of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Identifiable long-lived assets |  |  | 1 |  |  | — |  |  | — |  |  | 468 |  |  | 51,667 |  |  | 451 |  |  | — |  |  | 52,587
Total assets |  |  | 375 |  |  | — |  |  | — |  |  | 25,625 |  |  | 52,116 |  |  | 11,997 |  |  | 17 |  |  | 90,130
|  |  |  |  | Green |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | energy |  | VR |  |  |  | Property |  |  | Financial |  |  |  |  |  |
|  |  |  |  | products |  | products |  | Money |  | lease |  |  | technology |  | Corporate |  |  |
For the year ended |  | LCD/LED |  | and |  | and |  | lending |  | and |  |  | solutions |  | unallocated |  |  |
December 31, 2019 |  | products |  | services |  | services |  | services |  | management |  |  | and services |  | (note) |  | Consolidated
Revenues |  | $ | — |  | $ | — |  | $ | — |  | $ | 3,930 |  | $ | 1,185 |  | $ | — |  | $ | — |  | $ | 5,115
Gross profit (loss) |  |  | — |  |  | — |  |  | — |  |  | 3,798 |  |  | (1,064) |  |  | — |  |  | — |  |  | 2,734
Operating expenses |  |  | (933) |  |  | — |  |  | — |  |  | (1,971) |  |  | 207 |  |  | — |  |  | (769) |  |  | (3,466)
Operating (loss) profit from continuing operations |  |  | (933) |  |  | — |  |  | — |  |  | 1,827 |  |  | (857) |  |  | — |  |  | (769) |  |  | (732)
Other income (expenses) |  |  | 165 |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 32 |  |  | 199
(Loss) profit before provision for income taxes and non-controlling interests |  |  | (768) |  |  | — |  |  | — |  |  | 1,829 |  |  | (857) |  |  | — |  |  | (737) |  |  | (533)
Income tax (expense) benefit |  |  | — |  |  | — |  |  | — |  |  | (522) |  |  | 112 |  |  | — |  |  | — |  |  | (410)
Net (loss) profit from continuing operations |  |  | (768) |  |  | — |  |  | — |  |  | 1,307 |  |  | (745) |  |  | — |  |  | (737) |  |  | (943)
As of December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Identifiable long-lived assets |  |  | 2 |  |  | — |  |  | — |  |  | 478 |  |  | 54,605 |  |  | — |  |  | — |  |  | 55,085
Total assets |  |  | 1,018 |  |  | 5,368 |  |  | — |  |  | 46,140 |  |  | 65,383 |  |  | 21,795 |  |  | 13 |  |  | 139,717
|  |  |  |  | Green |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | energy |  | VR |  | Money |  |  | Property |  | Corporate |  |
For the year ended |  | LCD/LED |  | products |  | products |  | lending |  |  | lease and |  | unallocated |  |
December 31, 2018 |  | products |  | and services |  | and services |  | services |  |  | management |  | (note) |  | Consolidated
Revenues |  | $ | — |  | $ | — |  | $ | — |  | $ | 980 |  | $ | 590 |  | $ | — |  | $ | 1,570
Gross profit (loss) |  |  | — |  |  | — |  |  | — |  |  | 912 |  |  | (599) |  |  | — |  |  | 313
Operating expenses |  |  | (1,504) |  |  | — |  |  | — |  |  | (45) |  |  | (616) |  |  | (609) |  |  | (2,774)
Operating (loss) profit from continuing operations |  |  | (1,504) |  |  | — |  |  | — |  |  | 867 |  |  | (1,215) |  |  | (609) |  |  | (2,461)
Other income (expenses) |  |  | 262 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 334 |  |  | 596
(Loss) profit before provision for income taxes and non-controlling interests |  |  | (1,242) |  |  | — |  |  | — |  |  | 867 |  |  | (1,215) |  |  | (275) |  |  | (1,865)
Income tax (expense) benefit |  |  | — |  |  | — |  |  | — |  |  | (175) |  |  | 159 |  |  | — |  |  | (16)
Net (loss) profit from continuing operations |  |  | (1,242) |  |  | — |  |  | — |  |  | 692 |  |  | (1,056) |  |  | (275) |  |  | (1,881)
The green energy products and services and VR products and services are reported as discontinued operations (Note 3). Note: The Company does not allocate its assets located and expenses incurred outside Hong Kong 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,
|  | 2020 |  | 2019 |  | 2018
Hong Kong |  |  | 4,235 |  |  | 5,115 |  |  | 1,570
Australia |  |  | 58 |  |  | — |  |  | —
Total |  | $ | 4,293 |  | $ | 5,115 |  | $ | 1,570

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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