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CONSOLIDATED SEGMENT DATA (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING

Selected information by segment is presented in the following tables for the year ended December 31, 2024, 2023, and 2022.

 SCHEDULE OF SEGMENT REPORTING

		2024				2023				2022
Revenues(1)
TIT Segment		$	85,145			$	214,980			$	235,128
CBT Segment			36,587,367				38,420,655				23,998,335
		$	36,672,512			$	38,635,635			$	24,233,463

(1) Revenues by operating segments exclude intercompany transactions.

		2024				2023				2022
(Loss) income from operations
TIT Segment		$	(87,794	)		$	(110,113	)		$	(617,180	)
CBT Segment			453,726				2,838,305				(181,454	)
Corporate and others(2)			(1,974,494	)			(2,925,890	)			(2,367,003	)
(Loss) income from operations			(1,974,494	)			(2,925,890	)			(2,367,003	)
(Loss) from operations			(1,608,562	)			(197,698	)			(3,165,637	)
Corporate other income (loss), net			261,621				552,058				3,201,613
Corporate interest income			2,241				2,100				7,956
Corporate interest expense			(460,544	)			(580,630	)			(556,434	)
(Loss) from operations			(460,544	)			(580,630	)			(556,434	)
(Loss) before income taxes			(1,805,244	)			(224,170	)			(512,502	)
Income tax (expense) benefit			(14,143	)			(7,980	)			(69,869	)
Net (loss) from continuing operations			(1,819,387	)			(232,150	)			(582,371	)
Net (loss) income from discontinued operations			-				(465,791	)			(6,499,276	)
Net (loss)			(1,819,387	)			(697,941	)			(7,081,647	)
Less: Loss (income) attributable to the non-controlling interest			-				-				-
Net (loss) attributable to the Company		$	(1,819,387	)		$	(697,941	)		$	(7,081,647	)

(2) Includes non-cash compensation, professional fees and consultancy fees for the Company.

Non-cash compensation by segment for the year ended December 31, 2024, 2023, and 2022 are as follows:

		2024				2023				2022
Non-cash compensation:
Corporate and others			956,400				1,564,000				23,100
Non-cash compensation		$	956,400			$	1,564,000			$	23,100

Depreciation and amortization by segment for the year ended December 31, 2024, 2023, and 2022 are as follows:

		2024				2023				2022
Depreciation and amortization:
TIT Segment		$	13,085			$	43,832			$	44,678
CBT Segment			1,993,911				2,472,741				3,499,253
		$	2,006,996			$	2,516,573			$	3,543,931

TAOPING INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

		2024				2023				2022
Provisions for allowance for credit losses on accounts receivable, other receivable and advances to suppliers:
TIT Segment		$	3,996			$	6,097			$	(43,741	)
CBT Segment			4,061,703				1,407,119				689,234
Corporate and others			-				-				-
		$	4,065,699			$	1,413,216			$	645,493

		2024				2023				2022
Inventory obsolescence (reversal) provision:
TIT Segment		$	913			$	2,753			$	-
CBT Segment			(15,223	)			(56,067	)			63,716
		$	(14,310	)		$	(53,314	)		$	63,716

Total assets by segment as at December 31, 2024 and 2023 are as follows:

		2024				2023
Total assets
TIT Segment		$	84,501			$	131,137
CBT Segment			34,261,293				31,384,549
Corporate and others			782,951				1,310,628
		$	35,128,745			$	32,826,314

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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