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Segment Information | 6 Months Ended
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Jun. 30, 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 June 30, 2017 (unaudited) |
|  | Real estate business |  |  | Service business |  |  | Corporate |  |  | Total |
Revenues |  | $ | 56,661 |  |  | $ | 997,482 |  |  | $ | - |  |  | $ | 1,054,143 |
Cost of revenues |  |  | (18,817 | ) |  |  | (122,997 | ) |  |  | - |  |  |  | (141,814 | )
Gross income |  |  | 37,844 |  |  |  | 874,485 |  |  |  | - |  |  |  | 921,329 |
Depreciation and amortization |  |  | (2,850 | ) |  |  | 49,066 |  |  |  | - |  |  |  | 46,216 |
Net income (loss) |  |  | 18,892 |  |  |  | 201,240 |  |  |  | (200 | ) |  |  | 219,932 |
Total assets |  |  | 3,792,531 |  |  |  | 6,930,102 |  |  |  | 235,622 |  |  |  | 10,958,255 |
Expenditure for long-lived assets |  | $ | - |  |  | $ | 33,941 |  |  | $ | - |  |  | $ | 33,941 |
|  | For the three months ended June 30, 2016 (unaudited) |
|  | Real estate business |  |  | Service business |  |  | Corporate |  |  | Total |
Revenues |  | $ | 20,871 |  |  | $ | 732,376 |  |  | $ | - |  |  | $ | 753,247 |
Cost of revenues |  |  | (16,396 | ) |  |  | (276,476 | ) |  |  | - |  |  |  | (292,872 | )
Gross income |  |  | 4,475 |  |  |  | 455,900 |  |  |  | - |  |  |  | 460,375 |
Depreciation and amortization |  |  | - |  |  |  | 3,978 |  |  |  | 31,338 |  |  |  | 35,316 |
Net income (loss) |  |  | 7,838 |  |  |  | 17,826 |  |  |  | (33,054 | ) |  |  | (7,390 | )
Total assets |  |  | 5,012,246 |  |  |  | 3,318,797 |  |  |  | 294,497 |  |  |  | 8,625,540 |
Expenditure for long-lived assets |  | $ | 8,891 |  |  | $ | 5,042 |  |  | $ | (2,160 | ) |  | $ | 11,773 |
|  | For the six months ended June 30, 2017 (unaudited) |
|  | Real estate business |  |  | Service business |  |  | Corporate |  |  | Total |
Revenues |  | $ | 85,818 |  |  | $ | 1,743,648 |  |  | $ | - |  |  | $ | 1,829,466 |
Cost of revenues |  |  | (30,901 | ) |  |  | (267,476 | ) |  |  | - |  |  |  | (298,377 | )
Gross income |  |  | 54,917 |  |  |  | 1,476,172 |  |  |  | - |  |  |  | 1,531,089 |
Depreciation and amortization |  |  | 4,272 |  |  |  | 83,622 |  |  |  | - |  |  |  | 87,894 |
Net income (loss) |  |  | 18,153 |  |  |  | 90,610 |  |  |  | (627 | ) |  |  | 108,136 |
Total assets |  |  | 3,792,531 |  |  |  | 6,930,102 |  |  |  | 235,622 |  |  |  | 10,958,255 |
Expenditure for long-lived assets |  | $ | - |  |  | $ | 38,444 |  |  | $ | - |  |  | $ | 38,444 |
|  | For the six months ended June 30, 2016 (unaudited) |
|  | Real estate business |  |  | Service business |  |  | Corporate |  |  | Total |
Revenues |  | $ | 44,126 |  |  | $ | 1,160,784 |  |  | $ | - |  |  | $ | 1,204,910 |
Cost of revenues |  |  | (26,714 | ) |  |  | (502,215 | ) |  |  | - |  |  |  | (528,929 | )
Gross income |  |  | 17,412 |  |  |  | 658,569 |  |  |  | - |  |  |  | 675,981 |
Depreciation and amortization |  |  | - |  |  |  | 7,767 |  |  |  | 59,155 |  |  |  | 66,922 |
Net income (loss) |  |  | 1,838 |  |  |  | (201,714 | ) |  |  | (42,777 | ) |  |  | (242,653 | )
Total assets |  |  | 5,012,246 |  |  |  | 3,318,797 |  |  |  | 294,497 |  |  |  | 8,625,540 |
Expenditure for long-lived assets |  | $ | 8,891 |  |  | $ | 5,042 |  |  | $ | (2,160 | ) |  | $ | 11,773 |

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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 + Details
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