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Segment Information | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
SEGMENT INFORMATION | NOTE 18 – SEGMENT INFORMATION The Company currently has two operating segments, (i) Gujia, MM Future, HC Securities and MMBD Advisory provide market data services and fund management services, and (ii) MM Global operates as an introducing broker that clears all transactions through a clearing broker dealer and earns commission income and other related income from customers. Unallocated amounts that do not relate to an operating segment have been allocated to “Unallocated.” Since most of the Company’s long-lived assets are located in the PRC, no geographical information on long-lived assets is presented. Refer to Note 3 for disaggregated revenue information by geographical region attributed on the basis of the location where the revenue is originated. The following tables present summary information by segment:
|  | Gujia, MM Future, HC Securities and MMBD Advisory |  |  | MM Global |  |  | Unallocated |  |  | Total |
Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
REVENUE |  | $ | 260,678 |  |  | $ | 392,358 |  |  | $ | - |  |  | $ | 653,036 |
GROSS PROFIT |  | $ | 119,376 |  |  | $ | 392,358 |  |  | $ | - |  |  | $ | 511,734 |
NET LOSS |  | $ | (4,008,966 | ) |  | $ | (451,204 | ) |  | $ | (2,590,585 | ) |  | $ | (7,050,755 | )
DEPRECIATION AND AMORTIZATION |  | $ | 40,130 |  |  | $ | - |  |  | $ | - |  |  | $ | 40,130 |
CAPITAL EXPENDITURE |  | $ | 37,068 |  |  | $ | - |  |  | $ | - |  |  | $ | 37,068 |
Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
REVENUE |  | $ | 94,637 |  |  | $ | 647,488 |  |  | $ | - |  |  | $ | 742,125 |
GROSS PROFIT |  | $ | 87,232 |  |  | $ | 647,488 |  |  | $ | - |  |  | $ | 734,720 |
NET INCOME (LOSS) |  | $ | (1,576,531 | ) |  | $ | 46,280 |  |  | $ | (1,651,345 | ) |  | $ | (3,181,596 | )
DEPRECIATION AND AMORTIZATION |  | $ | 54,576 |  |  | $ | - |  |  | $ | - |  |  | $ | 54,576 |
CAPITAL EXPENDITURE |  | $ | 18,379 |  |  | $ | - |  |  | $ | - |  |  | $ | 18,379 |
Year Ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
REVENUE |  | $ | 161,832 |  |  | $ | 38,965 |  |  | $ | - |  |  | $ | 200,797 |
GROSS PROFIT |  | $ | 70,942 |  |  | $ | 38,965 |  |  | $ | - |  |  | $ | 109,907 |
NET LOSS |  | $ | (1,264,273 | ) |  | $ | (36,418 | ) |  | $ | (942,543 | ) |  | $ | (2,243,234 | )
DEPRECIATION AND AMORTIZATION |  | $ | 25,839 |  |  | $ | - |  |  | $ | - |  |  | $ | 25,839 |
CAPITAL EXPENDITURE |  | $ | 129,800 |  |  | $ | - |  |  | $ | - |  |  | $ | 129,800 |
As of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TOTAL ASSETS |  | $ | 6,204,026 |  |  | $ | 121,358 |  |  | $ | 8,262,117 |  |  | $ | 14,587,501 |
As of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TOTAL ASSETS |  | $ | 2,912,884 |  |  | $ | 295,064 |  |  | $ | 502,324 |  |  | $ | 3,710,272 |

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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