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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Gross Profit Reportable Segment | Three months ended September 30, 2024
|  | Supply Chain Financing/ Trading |  |  | Asset management service |  |  | Others |  |  | Total |
Reportable segment revenue |  | $ | 428,875 |  |  | $ | 3,710,415 |  |  | $ | 1,036,164 |  |  | $ | 5,175,454 |
Inter-segment loss |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Revenue from external customers |  |  | 428,875 |  |  |  | 3,710,415 |  |  |  | 1,036,164 |  |  |  | 5,175,454 |
Segment gross profit |  | $ | 36,776 |  |  | $ | 960,290 |  |  | $ | 516,978 |  |  | $ | 1,514,044 |
Three months ended September 30, 2023
|  | Supply Chain Financing/ Trading |  |  | Asset management service |  |  | Others |  |  | Total |
Reportable segment revenue |  | $ | 19,991,243 |  |  | $ | 3,272,585 |  |  | $ | 473,675 |  |  | $ | 23,737,503 |
Inter-segment loss |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Revenue from external customers |  |  | 19,991,243 |  |  |  | 3,272,585 |  |  |  | 473,675 |  |  |  | 23,737,503 |
Segment gross profit |  | $ | 59,050 |  |  | $ | 1,139,039 |  |  | $ | 213,489 |  |  | $ | 1,411,578 |
Nine months ended September 30, 2024
|  | Supply Chain Financing/ Trading |  |  | Asset management service |  |  | Others |  |  | Total |
Reportable segment revenue |  | $ | 935,313 |  |  | $ | 11,875,338 |  |  | $ | 1,690,658 |  |  | $ | 14,501,309 |
Inter-segment loss |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Revenue from external customers |  |  | 935,313 |  |  |  | 11,875,338 |  |  |  | 1,690,658 |  |  |  | 14,501,309 |
Segment gross profit |  | $ | 142,878 |  |  | $ | 3,935,458 |  |  | $ | 981,104 |  |  | $ | 5,059,440 |
Nine months ended September 30, 2023
|  | Supply Chain Financing/ Trading |  |  | Asset management service |  |  | Others |  |  | Total |
Reportable segment revenue |  | $ | 20,472,036 |  |  | $ | 9,690,714 |  |  | $ | 660,453 |  |  | $ | 30,823,203 |
Inter-segment loss |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Revenue from external customers |  |  | 20,472,036 |  |  |  | 9,690,714 |  |  |  | 660,453 |  |  |  | 30,823,203 |
Segment gross profit |  | $ | 234,550 |  |  | $ | 3,320,498 |  |  | $ | 300,621 |  |  | $ | 3,855,669 |
Schedule of Loss Before Income Tax | Loss before Income Tax:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Supply chain financing/trading |  | $ | 3,476,679 |  |  | $ | (39,448 | ) |  | $ | 3,100,299 |  |  | $ | 28,975 |
Asset management service |  |  | 1,145,304 |  |  |  | 1,061,837 |  |  |  | 4,186,169 |  |  |  | 2,745,994 |
Others |  |  | 823,083 |  |  |  | (409,926 | ) |  |  | 3,239,413 |  |  |  | 175,803 |
Corporate and Unallocated |  |  | 1,000,519 |  |  |  | 3,179,731 |  |  |  | 5,233,172 |  |  |  | 6,901,295 |
Total operating expenses and other expenses |  |  | 6,445,585 |  |  |  | 3,792,194 |  |  |  | 15,759,053 |  |  |  | 9,852,067 |
Loss before Income Tax |  | $ | (4,931,541 | ) |  | $ | (2,380,616 | ) |  | $ | (10,699,613 | ) |  | $ | (5,996,398 | )
Segment assets:
|  | September 30, 2024 |  |  | December 31, 2023 |
Supply chain financing/trading |  |  | 14,598,742 |  |  |  | 12,437,136 |
Asset management service |  |  | 3,729,931 |  |  |  | 3,640,811 |
Others |  |  | 24,735,769 |  |  |  | 23,831,103 |
Corporate and Unallocated |  |  | 10,335,293 |  |  |  | 21,007,542 |
Assets related to discontinued operation |  |  | - |  |  |  | 24,158 |
Total assets |  |  | 53,399,735 |  |  |  | 60,940,750 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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