XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.23.3

SEGMENTS | 9 Months Ended
--- | ---
Sep. 30, 2023
Segment Reporting [Abstract] |
SEGMENTS | 4. SEGMENTS Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision–making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision-maker is the CEO. The Company operates in and reports four business segments: real estate, digital transformation technology, biohealth, and other business activities. The Company’s reportable segments are determined based on the services they perform and the products they sell, not on the geographic area in which they operate. The Company’s chief operating decision maker evaluates segment performance based on segment revenue. Costs excluded from segment income (loss) before taxes and reported as “Other” consist of corporate general and administrative activities which are not allocable to the four reportable segments. The following table summarizes the Company’s segment information for the following balance sheet dates presented, and for the nine months ended September 30, 2023 and 2022: SCHEDULE OF SEGMENT INFORMATION
|  | Real Estate |  |  | Digital Transformation Technology |  |  | Biohealth Business |  |  | Other |  |  | Total |
Nine Months Ended on September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 20,227,362 |  |  | $ | 28,094 |  |  | $ | 12,786 |  |  | $ | 802,741 |  |  | $ | 21,070,983 |
Cost of Sales |  |  | (12,755,702 | ) |  |  | (9,145 | ) |  |  | (21,516 | ) |  |  | (222,470 | ) |  |  | (13,008,833 | )
Gross Margin |  |  | 7,471,660 |  |  |  | 18,949 |  |  |  | (8,730 | ) |  |  | 580,271 |  |  |  | 8,062,150 |
Operating Expenses |  |  | (1,418,743 | ) |  |  | (327,746 | ) |  |  | (638,738 | ) |  |  | (4,734,061 | ) |  |  | (7,119,288 | )
Operating Income (Loss) |  |  | 6,052,917 |  |  |  | (308,797 | ) |  |  | (647,468 | ) |  |  | (4,153,790 | ) |  |  | 942,862 |
Other Income (Expense) |  |  | 58,635 |  |  |  | 36,855 |  |  |  | (223,570 | ) |  |  | (27,932,254 | ) |  |  | (28,060,334 | )
Net Income (Loss) Before Income Tax |  |  | 6,111,552 |  |  |  | (271,942 | ) |  |  | (871,038 | ) |  |  | (32,086,044 | ) |  |  | (27,117,472 | )
|  | Real Estate |  |  | Digital Transformation Technology |  |  | Biohealth Business |  |  | Other |  |  | Total |
Nine Months Ended on September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 2,494,707 |  |  | $ | 14,066 |  |  | $ | 771,847 |  |  | $ | 319,862 |  |  | $ | 3,600,482 |
Cost of Sales |  |  | (1,880,914 | ) |  |  | (4,574 | ) |  |  | (512,931 | ) |  |  | (80,177 | ) |  |  | (2,478,596 | )
Gross Margin |  |  | 613,793 |  |  |  | 9,492 |  |  |  | 258,916 |  |  |  | 239,685 |  |  |  | 1,121,886 |
Operating Expenses |  |  | (1,988,323 | ) |  |  | (255,764 | ) |  |  | (587,051 | ) |  |  | (3,669,563 | ) |  | $ | (6,500,701 | )
Operating Loss |  |  | (1,374,530 | ) |  |  | (246,272 | ) |  |  | (328,135 | ) |  |  | (3,429,878 | ) |  |  | (5,378,815 | )
Other Income (Expense) |  |  | 26,505 |  |  |  | (1,359,913 | ) |  |  | (3,535,998 | ) |  |  | (20,677,529 | ) |  | $ | (25,546,935 | )
Net Loss Before Income Tax |  |  | (1,348,025 | ) |  |  | (1,606,185 | ) |  |  | (3,864,133 | ) |  |  | (24,107,407 | ) |  |  | (30,925,750 | )
September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Restricted Cash |  | $ | 2,819,771 |  |  | $ | 340,891 |  |  | $ | 779,853 |  |  | $ | 24,825,105 |  |  | $ | 28,765,620 |
Total Assets |  |  | 61,826,413 |  |  |  | 10,582,474 |  |  |  | 3,231,865 |  |  |  | 81,373,656 |  |  |  | 157,014,408 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Restricted Cash |  | $ | 2,592,577 |  |  | $ | 514,260 |  |  | $ | 1,338,404 |  |  | $ | 14,076,662 |  |  | $ | 18,521,903 |
Total Assets |  |  | 57,951,324 |  |  |  | 3,184,416 |  |  |  | 4,861,615 |  |  |  | 87,492,981 |  |  |  | 153,490,336 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
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