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REVENUE AND OTHER INCOME (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue And Other Income  
SCHEDULE OF ANALYSIS ABOUT COMPANY'S REVENUE AND OTHER INCOME
  a) Revenue comprises the fair value of the consideration received or receivable for the sale of goods.
     
    An analysis of the Company’s revenue and other income is as follows:

 

  

   USD’000   USD’000 
   For the six months ended June 30, 
   2024   2023 
   USD’000   USD’000 
Revenues          
Continuing operations          
Business management and consulting   -    477 
Livestreaming ecommerce   43,462    44,159 
           
Discontinued operations          
Sale of tiles (Note 18)   -    390 
           
Total revenues   43,462    45,026 
           
Other income          
Continuing operations          
Interest income   213    77 
Government grant   -    45 
Tax subsidy   438    120 
Loan forgiveness   -    167 
           
Discontinued operations          
Other income (Note 18)   -    825 
Total other income   651    1,234 
SCHEDULE OF OPERATIONS BY BUSINESS SEGMENT

The following table shows the Company’s operations by business segment for the six months ended June 30, 2024 and 2023.

 

   

   USD’000   USD’000 
   For the six months ended June 30, 
   2024   2023 
   USD’000   USD’000 
Revenues          
Discontinued operations          
Sales of tile products   -    390 
Continuing operations          
Consulting income / software   -    477 
Livestreaming ecommerce   43,462    44,159 
Total revenues   43,462    45,026 
           
Cost of revenues          
Discontinued operations          
Sales of tile products   -    1,091 
Continuing operations          
Consulting income / software   65    1,177 
Livestreaming ecommerce   39,904    36,647 
Total cost of revenues   39,969    38,915 
           
Operating costs and expenses          
Discontinued operations          
Sales of tile products   -    468 
Continuing operations          
Consulting income / software   139    373 
Livestreaming ecommerce   3,641    7,676 
Other   6,750    4,639 
Total operating costs and expenses   10,530    13,156 
           
Bad debt expense (reversal)          
Discontinued operations          
Sales of tile products   -    144 
Continuing operations          
Consulting income / software   -    - 
Livestreaming ecommerce   -    -  
Total bad debt expense   -     144 
           
Other expenses          
Discontinued operations          
Sales of tile products   -    -  
Continuing operations          
Consulting income / software   -    - 
Livestreaming ecommerce   139    - 
Total other expenses   139    - 
           
Other income          
Discontinued operations          
Sales of tile products   -    825 
Continuing operations          
Consulting income / software   -    11 
Livestreaming ecommerce   446    154 
Other   205    244 
Total other income   651    1,234 
           
Loss from operations          
Sales of tile products   -    (200)
Consulting income / software   (212)   (1,062)
Livestreaming ecommerce   224    (11)
Other   (6,537)   (4,394)
Loss from operations   (6,525)   (5,667)

 

 

   As of June 30,
2024		   As of December 31,
2023		 
   USD’000   USD’000 
Segment assets          
Ceramic tile products   -    - 
Consulting income/software   13,535    7,231 
Livestreaming ecommerce   3,692    1,903 
Others   10,937    7,980 
Total assets   28,164    17,114