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Segment Information

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Information

NOTE 18 - SEGMENT INFORMATION

The Company operates three reportable business segments, as defined by ASC Topic 280:

●	Service business – provision of business solution services
●	Real estate business – leasing and trading of commercial real estate properties in Hong Kong and Malaysia
●	Corporate – other than the above two-segments

The accounting policies of the segments are the same as those described in the summary of significant accounting policies (see Note 2). The Company had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

(a) By Categories

		For the three months ended March 31, 2017 (unaudited)
		Real estate business				Service business				Corporate				Total
Revenues		$	29,156			$	746,167			$	-			$	775,323
Cost of revenues			(12,084	)			(144,479	)			-				(156,563	)
Gross income			17,072				601,688				-				618,760
Depreciation and amortization			7,121				34,556				-				41,677
Net income (loss)			(739	)			(110,630	)			(427	)			(111,796	)
Total assets			3,772,547				5,172,095				235,322				9,179,964
Expenditure for long-lived assets		$	-			$	4,503			$	-			$	4,503

		For the three months ended March 31, 2016 (unaudited)
		Real estate business				Service business				Corporate				Total
Revenues		$	23,255			$	428,408			$	-			$	451,663
Cost of revenues			(10,318	)			(225,739	)			-				(236,057	)
Gross income			12,937				202,669				-				215,606
Depreciation and amortization			7,899				3,789				27,818				39,506
Net (loss) income			(6,000	)			(219,540	)			(9,723	)			(235,263	)
Total assets			5,009,139				3,274,234				183,178				8,466,551
Expenditure for long-lived assets		$	1,686			$	2,126			$	-			$	3,812

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- References

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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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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