| Segment information |
Note 16 - Segment information The Company’s segments are business units that offer different products and services and are reviewed separately by the chief operating decision maker (the “CODM”), or the decision-making group, in deciding how to allocate resources and in assessing performance. The Company’s CODM is the Company’s Chief Executive Officer. During 2017, after the acquisition of Giant Credit, there is one additional money lending segment. During 2018, after the acquisition of 11 Hau Fook Street and Paris Sky, there is one additional segment known as property lease and management. During 2020, after the acquisition of GFS and Apiguru, there is one additional segment, consisting of financial technology solutions and services. Effective as of January 1, 2023, the Company completely ceased its business in LCD/LED production. Hence, the segment of LCD/LED products was removed as of December 31, 2023. During 2024, after the acquisition of Riches Holdings, there are three additional segments, consisting of consultancy services for insurance products, advisory and referral services and applications, technology, and services. Due to similar nature of segments, we combined financial technology solutions and services into applications, technology, and services. | | | | | | | | | | | | | | | | | | | | | | | | | | Property | | | | | Consultancy | | Advisory | | | | | | | | | | lease | | Applications, | | services | | and | | Corporate | | | For the year ended | | Money | | and | | technology, | | for insurance | | referral | | unallocated | | | December 31, 2024 | | lending | | management | | and services | | products | | services | | (note) | | Consolidated | Revenues | | $ | 3,308 | | $ | 1,780 | | $ | 151 | | $ | 4,478 | | $ | 356 | | $ | — | | $ | 10,073 | Gross profit (loss) | | | 2,652 | | | (1,185) | | | 25 | | | 468 | | | 63 | | | (82) | | | 1,941 | Operating expenses | | | (4,881) | | | (726) | | | (35) | | | (459) | | | (330) | | | (1,238) | | | (7,669) | Operating income (loss) | | | (2,229) | | | (1,911) | | | (10) | | | 9 | | | (267) | | | (1,320) | | | (5,728) | Other income (loss) | | | 4 | | | 5 | | | — | | | (2) | | | 28 | | | (7,693) | | | (7,658) | Income (Loss) before provision for income taxes and non-controlling interests | | | (2,225) | | | (1,906) | | | (10) | | | 7 | | | (239) | | | (9,013) | | | (13,386) | Income tax (expense) benefit | | | (236) | | | 249 | | | 1 | | | (54) | | | (1) | | | 14 | | | (27) | Net loss | | | (2,461) | | | (1,657) | | | (9) | | | (47) | | | (240) | | | (8,999) | | | (13,413) | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2024 | | | | | | | | | | | | | | | | | | | | | | Identifiable long-lived assets | | | 556 | | | 44,353 | | | 42 | | | — | | | — | | | 1,329 | | | 46,280 | Total assets | | | 17,537 | | | 45,993 | | | 586 | | | 1,178 | | | 361 | | | 13,530 | | | 79,185 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property | | Financial | | | | | | | | Money | | lease | | technology | | Corporate | | | For the year ended | | lending | | and | | solutions | | unallocated | | | December 31, 2023 | | services | | management | | and services | | (note) | | Consolidated | Revenues | | $ | 2,313 | | $ | 1,069 | | $ | 187 | | $ | — | | $ | 3,569 | Gross profit (loss) | | | 1,865 | | | (1,084) | | | (5) | | | — | | | 776 | Operating expenses | | | (1,241) | | | (452) | | | (31) | | | (854) | | | (2,578) | Operating loss | | | 624 | | | (1,536) | | | (36) | | | (854) | | | (1,802) | Other income | | | 10 | | | (65) | | | (1) | | | (1) | | | (57) | Loss before provision for income taxes and non-controlling interests | | | 634 | | | (1,601) | | | (37) | | | (855) | | | (1,859) | Income tax (expense) benefit | | | (84) | | | 231 | | | (7) | | | — | | | 140 | Net loss | | | 550 | | | (1,370) | | | (44) | | | (855) | | | (1,719) | | | | | | | | | | | | | | | | | As of December 31, 2023 | | | | | | | | | | | | | | | | Identifiable long-lived assets | | | 562 | | | 46,203 | | | 36 | | | 1 | | | 46,802 | Total assets | | | 22,157 | | | 46,953 | | | 583 | | | 652 | | | 70,345 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property | | | Financial | | | | | | | | | LCD/ | | Money | | lease | | | technology | | Corporate | | | | For the year ended | | LED | | lending | | and | | | solutions | | unallocated | | | | December 31, 2022 | | products | | services | | management | | and services | | (note) | | Consolidated | Revenues | | $ | — | | $ | 2,451 | | $ | 1,106 | | $ | 318 | | $ | — | | $ | 3,875 | Gross profit (loss) | | | — | | | 1,862 | | | (1,065) | | | 25 | | | — | | | 822 | Operating expenses | | | (4) | | | 165 | | | (497) | | | (36) | | | (986) | | | (1,358) | Operating loss | | | (4) | | | 2,027 | | | (1,562) | | | (11) | | | (986) | | | (536) | Other income | | | — | | | 30 | | | 107 | | | (1) | | | (2) | | | 134 | Loss before provision for income taxes and non-controlling interests | | | (4) | | | 2,057 | | | (1,455) | | | (12) | | | (988) | | | (402) | Income tax (expense) benefit | | | — | | | (181) | | | 245 | | | (8) | | | — | | | 56 | Net loss | | | (4) | | | 1,876 | | | (1,210) | | | (20) | | | (988) | | | (346) | | | | | | | | | | | | | | | | | | | | As of December 31, 2022 | | | | | | | | | | | | | | | | | | | Identifiable long-lived assets | | | 1 | | | 517 | | | 48,127 | | | 52 | | | — | | | 48,697 | Total assets | | | 201 | | | 14,466 | | | 49,071 | | | 5,651 | | | 297 | | | 69,686 |
Note: Corporate expenses include expenses incurred by corporate headquarters which are not allocated to the operating segments. The geographical location of customers is based on the location at which the services were provided. In accordance with the enterprise-wide disclosure requirements of the accounting standard, the Company’s net revenue from external customers by geographic areas is as follows: | | | | | | | | | | | | For the year ended December 31, | | | 2024 | | 2023 | | 2022 | Hong Kong | | | 10,047 | | | 3,442 | | | 3,597 | Australia | | | — | | | 127 | | | 278 | PRC | | | 26 | | | — | | | — | Total | | $ | 10,073 | | $ | 3,569 | | $ | 3,875 |
|