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Segment Information | 12 Months Ended
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Dec. 31, 2023
Segment Information [Abstract] |
SEGMENT INFORMATION | NOTE 19 – SEGMENT INFORMATION The Company currently has two operating segments, (i) Gujia, MM Future and HC Securities, which provide market data services and consulting services, and (ii) MM Global, which operates as an introducing broker that clears all transactions through a clearing broker dealer and earns commission income, placement agent services fee 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:
|  | Market data services and consulting services |  |  | Introducing broker services |  |  | Unallocated |  |  | Total |
Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
REVENUE |  | $ | 824,098 |  |  | $ | 45,837 |  |  | $ | - |  |  | $ | 869,935 |
GROSS PROFIT |  | $ | 660,399 |  |  | $ | 36,588 |  |  | $ | - |  |  | $ | 696,987 |
NET LOSS FROM CONTINUING OPERATIONS |  | $ | (1,495,023 | ) |  | $ | (402,500 | ) |  | $ | (2,456,947 | ) |  | $ | (4,391,980 | )
DEPRECIATION AND AMORTIZATION |  | $ | 45,782 |  |  | $ | - |  |  | $ | - |  |  | $ | 45,782 |
CAPITAL EXPENDITURE |  | $ | 970 |  |  | $ | - |  |  | $ | - |  |  | $ | 970 |
Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
REVENUE |  | $ | 696,668 |  |  | $ | 376,683 |  |  | $ | - |  |  | $ | 1,073,351 |
GROSS PROFIT |  | $ | 542,167 |  |  | $ | 300,100 |  |  | $ | - |  |  | $ | 842,267 |
NET LOSS FROM CONTINUING OPERATIONS |  | $ | (2,850,985 | ) |  | $ | (623,782 | ) |  | $ | (2,189,612 | ) |  | $ | (5,664,379 | )
DEPRECIATION AND AMORTIZATION |  | $ | 66,428 |  |  | $ | - |  |  | $ | - |  |  | $ | 66,428 |
CAPITAL EXPENDITURE |  | $ | 3,792 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,792 |
Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
REVENUE |  | $ | 176,262 |  |  | $ | 392,358 |  |  | $ | - |  |  | $ | 568,620 |
GROSS PROFIT |  | $ | 34,960 |  |  | $ | 392,358 |  |  | $ | - |  |  | $ | 427,318 |
NET LOSS FROM CONTINUING OPERATIONS |  | $ | (4,075,518 | ) |  | $ | (451,204 | ) |  | $ | (2,590,585 | ) |  | $ | (7,117,307 | )
DEPRECIATION AND AMORTIZATION |  | $ | 40,130 |  |  | $ | - |  |  | $ | - |  |  | $ | 40,130 |
CAPITAL EXPENDITURE |  | $ | 37,068 |  |  | $ | - |  |  | $ | - |  |  | $ | 37,068 |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TOTAL ASSETS |  | $ | 7,586,067 |  |  | $ | 325,115 |  |  | $ | 149,076,038 |  |  | $ | 156,987,220 |
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TOTAL ASSETS |  | $ | 8,910,311 |  |  | $ | 719,651 |  |  | $ | 1,785,545 |  |  | $ | 11,415,507 |

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