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SEGMENT REPORTING | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
SEGMENT REPORTING | NOTE－5 SEGMENT REPORTING Currently, the Company has two reportable business segments:
| (i) | e-Commerce operates an online lifestyle platform under the brand name of “Leflair” covering a diversity of services and products, such as Fashion & Accessories, Beauty & Personal Care, and Home & Lifestyle, and managed by SOPA Technology Company Ltd, and
| (ii) | Merchant POS operates the sale of hardware and software, managed by Hottab group and SOPA entities except SOPA Technology Company Ltd.
The Company’s Chief Operating Decision Maker (CODM) evaluates operating segments using the following table presents revenues and gross profits by reportable segment and asset except liability information. Schedule of Segment Reporting
Schedule of Segment Reporting |  |  |  |  |  |  |  |  |  |  |  |
|  | Year Ended December 31, 2021
|  | e-Commerce |  | Merchant POS |  | Total
Revenue from external customers: |  |  |  |  |  |  |  |  |  |  |  |
Sales – online ordering |  | $ | 482,002 |  |  | $ | — |  |  | $ | 482,002 |
Software sales |  |  | — |  |  |  | 37,481 |  |  |  | 37,481 |
Hardware sales |  |  | — |  |  |  | 402 |  |  |  | 402 |
Total revenue |  |  | 482,002 |  |  |  | 37,883 |  |  |  | 519,885 |
Cost of sales: |  |  |  |  |  |  |  |  |  |  |  |
Cost of online ordering |  |  | (407,662 | ) |  |  | — |  |  |  | (407,662 | )
Software sales |  |  | (254,028 | ) |  |  | (48,785 | ) |  |  | (302,813 | )
Hardware sales |  |  | — |  |  |  | (208 | ) |  |  | (208 | )
Total cost of revenue |  |  | (661,690 | ) |  |  | (48,993 | ) |  |  | (710,683 | )
Gross loss |  |  | (179,688 | ) |  |  | (11,110 | ) |  |  | (190,798 | )
Operating Expenses |  |  |  |  |  |  |  |  |  |  |  |
Sales and marketing expenses |  |  | (318,697 | ) |  |  | (8,498 | ) |  |  | (327,195 | )
Software development costs |  |  | — |  |  |  | (95,809 | ) |  |  | (95,809 | )
Impairment loss |  |  | (200,000 | ) |  |  | — |  |  |  | (200,000 | )
Depreciation |  |  | — |  |  |  | (10,448 | ) |  |  | (10,448 | )
Amortization |  |  | — |  |  |  | (3,200,000 | ) |  |  | (3,200,000 | )
General and administrative expenses |  |  | (203,203 | ) |  |  | (29,984,750 | ) |  |  | (30,187,953 | )
Total operating expenses |  |  | (721,900 | ) |  |  | (33,299,505 | ) |  |  | (34,021,405 | )
Loss from operations |  |  | (901,588 | ) |  |  | (33,310,615 | ) |  |  | (34,212,203 | )
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |
Change in contingent service payable |  |  | — |  |  |  | — |  |  |  | — |
Gain from early lease termination |  |  | — |  |  |  | 2,454 |  |  |  | 2,454 |
Interest income |  |  | 103 |  |  |  | 13 |  |  |  | 116 |
Interest expense |  |  | — |  |  |  | (41,514 | ) |  |  | (41,514 | )
Loss on settlement of litigation |  |  | — |  |  |  | (550,000 | ) |  |  | (500,000 | )
Warrant modification expense |  |  | — |  |  |  | (58,363 | ) |  |  | (58,363 | )
Other income |  |  | 2,135 |  |  |  | 3,771 |  |  |  | 5,906 |
Total other income (expense) |  |  | 2,238 |  |  |  | (643,639 | ) |  |  | (641,401 | )
Loss before income taxes |  |  | (899,350 | ) |  |  | (33,954,254 | ) |  |  | (34,853,604 | )
|  | December 31, 2021
|  | e-Commerce |  | Merchant POS |  | Total
Intangible assets, net |  | $ | — |  |  | $ | 4,000,000 |  |  | $ | 4,000,000 |
Identifiable assets |  | $ | 9,638,035 |  |  | $ | 21,538,322 |  |  | $ | 31,176,357 |
|  | December 31, 2020
|  | e-Commerce |  | Merchant POS |  | Total
Intangible assets, net |  | $ | — |  |  | $ | 7,200,000 |  |  | $ | 7,200,000 |
Identifiable assets |  | $ | — |  |  | $ | 666,273 |  |  | $ | 666,273 |
|  | Year Ended December 31, 2021
|  | e-Commerce |  | Merchant POS |  | Total
Capital Expenditure: |  |  |  |  |  |  |  |  |  |  |  |
Purchase of property, plant, and equipment |  | $ | 46,837 |  |  | $ | — |  |  | $ | 46,837 |
Total capital expenditure |  | $ | 46,837 |  |  | $ | — |  |  | $ | 46,837 |
|  |  | Year Ended December 31, 2020 |
|  |  | e-Commerce |  |  |  | Merchant POS |  |  |  | Total |
Capital Expenditure: |  |  |  |  |  |  |  |  |  |  |  |
Purchase of property, plant, and equipment |  | $ | — |  |  | $ | — |  |  | $ | — |
Total capital expenditure |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Years Ended December 31, 2020
|  | e-Commerce |  | Merchant POS |  | Total
Revenue from external customers: |  |  |  |  |  |  |  |  |  |  |  |
Sales – online ordering |  | $ | — |  |  | $ | — |  |  | $ | — |
Software subscription |  |  | — |  |  |  | 48,287 |  |  |  | 48,287 |
Hardware sales |  |  | — |  |  |  | 4,166 |  |  |  | 4,166 |
Total revenue |  |  | — |  |  |  | 52,453 |  |  |  | 52,453 |
Cost of sales: |  |  |  |  |  |  |  |  |  |  |  |
Cost of online ordering |  |  | — |  |  |  | — |  |  |  | — |
Software subscription |  |  | — |  |  |  | (79,108 | ) |  |  | (79,108 | )
Hardware sales |  |  | — |  |  |  | (9,556 | ) |  |  | (9,556 | )
Total cost of revenue |  |  | — |  |  |  | (88,664 | ) |  |  | (88,664 | )
Gross profit |  |  | — |  |  |  | (36,211 | ) |  |  | (36,211 | )
Operating Expenses |  |  |  |  |  |  |  |  |  |  |  |
Sales and marketing expenses |  |  | — |  |  |  | (3,125 | ) |  |  | (3,125 | )
Software development costs |  |  | — |  |  |  | (165,514 | ) |  |  | (165,514 | )
Depreciation |  |  | — |  |  |  | (8,150 | ) |  |  | (8,150 | )
Amortization |  |  | — |  |  |  | (800,000 | ) |  |  | (800,000 | )
Impairment loss |  |  | — |  |  |  | (16,375 | ) |  |  | (16,375 | )
General and administrative expenses |  |  | — |  |  |  | (2,720,872 | ) |  |  | (2,720,872 | )
Total operating expenses |  |  | — |  |  |  | (3,714,036 | ) |  |  | (3,714,036 | )
Loss from operations |  |  | — |  |  |  | (3,750,247 | ) |  |  | (3,750,247 | )
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |
Change in contingent service payable |  |  | — |  |  |  | (30,198 | ) |  |  | (30,198 | )
Gain from early lease termination |  |  | — |  |  |  | — |  |  |  | — |
Interest income |  |  | — |  |  |  | 19 |  |  |  | 19 |
Interest expense |  |  | — |  |  |  | (48,989 | ) |  |  | (48,989 | )
Loss on settlement of litigation |  |  | — |  |  |  | — |  |  |  | — |
Warrant modification expense |  |  | — |  |  |  | — |  |  |  | — |
Other income |  |  | — |  |  |  | 9,759 |  |  |  | 9,759 |
Total other expense |  |  |  |  |  |  | (69,409 | ) |  |  | (69,409 | )
Loss before taxes |  |  |  |  |  |  | (3,819,656 | ) |  |  | (3,819,656 | )
The below sales are based on the countries in which the customer is located. Summarized financial information concerning our geographic segments is shown in the following tables: Schedule of geographic segments
Schedule of geographic segments |  |  |  |  |  |  |  |  |
|  | Years ended December 31,
|  | 2021 |  | 2020
Indonesia |  |  | $ | 34,830 |  |  | $ | 40,719 |
Vietnam |  |  |  | 485,055 |  |  |  | 11,734 |
|  |  | $ | 519,885 |  |  | $ | 52,453 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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