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Segment Information

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segment Information

NOTE 14 - SEGMENT INFORMATION

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. The Company has two reportable segments that are based on the following business units: service business and real estate business. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in: economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes. The Company operates two reportable business segments:

●	Service business – provision of corporate advisory and business solution services

●	Real estate business – leasing and trading of commercial real estate properties in Hong Kong and Malaysia

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 year ended December 31, 2017
		Real estate business				Service business				Corporate				Total

Revenues		$	602,553			$	3,313,819			$	-			$	3,916,372
Cost of revenues			(415,891	)			(1,071,910	)							(1,487,801	)
Depreciation and amortization			20,091				155,681				12,715				188,487
Net income (loss)			99,181				(2,300,881	)			(915,209	)			(3,116,909	)

Total assets			3,549,950				7,282,745				181,612				11,014,307
Capital expenditures for long-lived assets		$	-			$	3,109,152			$	44,445			$	3,153,597

		For the year ended December 31, 2016
		Real estate business				Service business				Corporate				Total

Revenues		$	100,143			$	2,991,592			$	-			$	3,091,735
Cost of revenues			(48,914	)			(1,086,393	)			-				(1,135,307	)
Depreciation and amortization			30,050				136,671				483				167,204
Net income (loss)			(73,366	)			98,060				(64,360	)			(39,666	)

Total assets			4,648,141				3,601,943				161,152				8,411,236
Capital expenditures for long-lived assets		$	10,076			$	6,050			$	600			$	16,726

(b) By Geography*

		For the year ended December 31, 2017
		Hong Kong				Malaysia				China				Total

Revenues		$	2,705,182			$	604,112			$	607,078			$	3,916,372
Cost of revenues			(1,207,775	)			(224,963	)			(55,063	)			(1,487,801	)
Depreciation and amortization			89,360				32,184				66,943				188,487
Net income (loss)			(3,191,830	)			9,113				65,808				(3,116,909	)

Total assets			5,396,075				1,203,016				4,415,216				11,014,307
Capital expenditures for long-lived assets		$	45,503			$	12,805			$	3,095,289			$	3,153,597

		For the year ended December 31, 2016
		Hong Kong				Malaysia				China				Total

Revenues		$	2,449,225			$	494,743			$	147,767			$	3,091,735
Cost of revenues			(980,442	)			(107,996	)			(46,869	)			(1,135,307	)
Depreciation and amortization			71,524				31,600				64,080				167,204
Net income (loss)			(69,725	)			88,979				(58,920	)			(39,666	)

Total assets			7,210,984				1,134,046				66,206				8,411,236
Capital expenditures for long-lived assets		$	3,422			$	10,583			$	2,721			$	16,726

*Revenues and costs are attributed to countries based on the location of customers.