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SEGMENT REPORTING
 12 Months Ended
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 

               
   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 

           
   Years ended December 31,
   2021  2020
Indonesia   $34,830   $40,719 
Vietnam    485,055    11,734 
    $519,885   $52,453