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SEGMENT INFORMATION AND REVENUE ANALYSIS
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND REVENUE ANALYSIS
  21. Segment information and revenue analysis

 

The Company follows ASC 280, Segment Reporting, which requires that companies to disclose segment data based on how management makes decision about allocating resources to each segment and evaluating their performances. The Company has three reporting segments. The Company’s chief operating decision maker has been identified as the Chief Executive Officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. The Company considers itself to be operating within one reportable segment. The Company’s revenue and net income are substantially derived from interactive toys, and mobile games.

 

Disaggregated information of revenues by business lines are as follows:

 

    Year ended     Year ended     Year ended  
    December 31,     December 31,     December 31,  
    2020     2019     2018  
Interactive toys - animation series   $ 1,969,141     $ 160,672     $ 522,638  
Interactive toys - game series     15,905,314       21,152,258       16,896,944  
Mobile game     2,473,162       2,521,199       1,111,596  
Information service     4,328,591       -       -  
Communication service     5,514,861       -       -  
Total revenues   $ 30,191,069     $ 23,834,129     $ 18,531,178  

 

Disaggregated information by business lines are as follows:

 

Year ended December 31, 2020

 

    Interactive toys     Interactive toys           Information     Communication  
    animation series     game series     Mobile game     Service     Service  
Revenue   $ 1,969,141     $ 15,905,314     $ 2,473,162       4,328,591       5,514,861  
Costs of revenue     (1,348,936 )     (5,490,820 )     (10,577 )     (4,334,411 )     (5,022,079 )
Gross Profit   $ 620,205     $ 10,414,494     $ 2,462,585       (5,820 )     492,782  

 

Year ended December 31, 2019

 

    Interactive toys     Interactive toys        
    animation series     game series     Mobile game  
Revenue   $ 160,672     $ 21,152,258     $ 2,521,199  
Costs of revenue     (81,201 )     (7,160,508 )     (290,091 )
Gross Profit   $ 79,471     $ 13,991,750     $ 2,231,108  

 

Year ended December 31, 2018

 

    Interactive toys     Interactive toys        
    animation series     game series     Mobile game  
Revenue   $ 522,638     $ 16,896,944     $ 1,111,596  
Costs of revenue     (379,069 )     (5,612,915 )     (116,692 )
Gross Profit   $ 143,569     $ 11,284,029     $ 994,904  

 

The Company’s operations are primarily based in the PRC, where the Company derives a substantial portion of their revenues. Management also review consolidated financial results by business locations. Disaggregated information of revenues by geographic locations are as follows:

 

    Year ended     Year ended     Year ended  
    December 31,     December 31,     December 31,  
    2020     2019     2018  
Domestic PRC revenues   $ 30,191,069     $ 23,834,129     $ 18,407,891  
Export revenues     -       -       123,287  
Total revenues   $ 30,191,069     $ 23,834,129     $ 18,531,178