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SEGMENT AND GEOGRAPHIC AREA INFORMATION

12 Months Ended

Dec. 31, 2023

SEGMENT AND GEOGRAPHIC AREA INFORMATION

SEGMENT AND GEOGRAPHIC AREA INFORMATION

NOTE 14 – SEGMENT AND GEOGRAPHIC AREA INFORMATION

The Group’s major income source was real estate agent commissions before December 31, 2022. The revenue from real estate agent income accounted for 29%, 96%, and 99% of the Group’s total consolidated revenue for the years ended December 31, 2023, 2022, and 2021, respectively. Geographically, revenue was primarily generated in the PRC market before December 31, 2022. The revenue generated in the PRC accounted for 29%, 96%, and 100% of the Group’s total consolidated revenue for the years ended December 31, 2023, 2022, and 2021, respectively. The value of the Group’s assets located in the UK increased since 2021. The value of the assets located in the UK accounted for 95%, 79%, and 37% of the Group’s total consolidated assets as of December 31, 2023, 2022, and 2021, respectively.

The Group’s major income source was the hotel and rental management business after December 31, 2022. The revenue from the hotel and rental management business accounted for 71% of the Group’s total consolidated revenue for the year ended December 31, 2023. Geographically, revenue was primarily generated in the UK market after December 31, 2022. The revenue generated in the UK accounted for 71% of the Group’s total consolidated revenue for the year ended December 31, 2023. The value of the Group’s assets located in the UK increased since 2021. The value of the assets located in the UK accounted for 95% of the Group’s total consolidated assets as of December 31, 2023.

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Source of Revenue	​	2023				​	2022				​	2021
​		US$			%		US$			%		US$			%
Real estate agent income		$	41,954		29	%	$	434,371		96	%	$	4,408,018		99	%
Rental management income		​	67,891		47	%	​	16,263		4	%	​	19,469		0	%
Hotel income	​	​	35,018	​	24	%	​	—	​	—	​	​	—	​	—	​
Other income		​	—		—	​	​	—		—	​	​	38,746		1	%
Total Income	​	$	144,863	​	100	%	$	450,634	​	100	%	$	4,466,233	​	100	%
​		​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Revenue by Geographic Region	​	2023				​	2022				​	2021
​		US$			%		US$			%		US$			%
PRC		$	41,954		29	%	$	434,371		96	%	$	4,446,764		100	%
UK		​	102,909		71	%	​	16,263		4	%	​	19,469		0	%
Total Revenue	​	$	144,863	​	100	%	$	450,634	​	100	%	$	4,466,233		100	%
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Assets by Geographic Region	​	2023				​	2022				​	2021
​		US$			%		US$			%		US$			%
PRC and Others		$	180,919		5	%	$	1,202,347		21	%	$	5,293,516		63	%
UK		​	3,818,323		95	%	​	4,432,728		79	%	​	3,075,454		37	%
Total Assets		$	3,999,242		100	%	$	5,635,075		100	%	$	8,368,970		100	%

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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.

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