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Segment Information

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Segment Information

NOTE 9 - 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 three months ended March 31, 2018 (Unaudited)
		Real estate business				Service business				Corporate				Total

Revenues		$	41,444			$	699,128			$	-			$	740,572
Cost of revenues			(23,556	)			(159,563	)			(24,000	)			(207,119	)
Depreciation and amortization			8,553				54,836				4,081				67,470
Net income (loss)			7,358				(202,671	)			181,617				(13,696	)

Total assets			3,546,437				7,259,827				107,004				10,913,268
Capital expenditures for long-lived assets		$	-			$	109			$	-			$	109

		For the three months ended March 31, 2017 (Unaudited, Restated)
		Real estate business				Service business				Corporate				Total

Revenues		$	29,156			$	826,167			$	-			$	855,323
Cost of revenues			(12,084	)			(197,024	)			-				(209,108	)
Depreciation and amortization			7,121				34,556								41,677
Net income (loss)			(739	)			(154,581	)			(427	)			(155,747	)

Total assets			3,772,547				5,040,228				235,322				9,048,097
Capital expenditures for long-lived assets		$	-			$	4,503			$	-			$	4,503

(b) By Geography*

		For the three months ended March 31, 2018 (Unaudited)
		Hong Kong				Malaysia				China				Total

Revenues		$	538,946			$	151,663			$	49,963			$	740,572
Cost of revenues			(136,868	)			(70,251	)							(207,119	)
Depreciation and amortization			25,120				8,959				33,391				67,470
Net income (loss)			130,468				(51,923	)			(92,241	)			(13,696	)

Total assets			6,012,960				1,235,883				3,664,425				10,913,268
Capital expenditures for long-lived assets		$	-			$	109			$	-			$	109

		For the three months ended March 31, 2017 (Unaudited, Restated)
		Hong Kong				Malaysia				China				Total

Revenues		$	604,596			$	224,948			$	25,779			$	855,323
Cost of revenues			(161,477	)			(47,381	)			(250	)			(209,108	)
Depreciation and amortization			17,820				7,525				16,332				41,677
Net income (loss)			(184,702	)			86,238				(57,283	)			(155,747	)

Total assets			6,183,070				1,210,498				1,654,529				9,048,097
Capital expenditures for long-lived assets		$	-			$	4,503			$	-			$	4,503

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