| Schedule of Disaggregation of Revenue from Contracts with Customers |
The Group derives revenue from the transfer of goods and services over time and at a point in time in the following revenue sources:
|
2022
|
|
Digital
studio
|
|
Media and
branded
content
|
|
Technology
|
|
Total
|
|
Revenue from external customer contracts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TNL Group
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Timing of revenue recognition
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At a point in time
|
|
$
|
—
|
|
$
|
403,977 |
|
$
|
—
|
|
$
|
403,977 |
|
Over time
|
|
|
9,284,911 |
|
|
2,854,724 |
|
|
7,466,382 |
|
|
19,606,017 |
| |
|
$
|
9,284,911 |
|
$
|
3,258,701 |
|
$
|
7,466,382 |
|
$
|
20,009,994 |
|
2023
|
|
Digital
studio
|
|
Media and
branded
content
|
|
Technology
|
|
Total
|
|
Revenue from external customer contracts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TNL Group
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Timing of revenue recognition
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At a point in time
|
|
$
|
—
|
|
$
|
636,262 |
|
$
|
—
|
|
$
|
636,262 |
|
Over time
|
|
|
9,535,853 |
|
|
2,705,481 |
|
|
7,830,627 |
|
|
20,071,961 |
|
MG Group
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Timing of revenue recognition
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At a point in time
|
|
|
—
|
|
|
6,015,726 |
|
|
2,782,809 |
|
|
8,798,535 |
|
Over time
|
|
|
5,910,518 |
|
|
421,504 |
|
|
—
|
|
|
6,332,022 |
| |
|
$
|
15,446,371 |
|
$
|
9,778,973 |
|
$
|
10,613,436 |
|
$
|
35,838,780 |
|
2024
|
|
Digital
studio
|
|
Media and
branded
content
|
|
Technology
|
|
Total
|
|
Revenue from external customer contracts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TNL Group
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Timing of revenue recognition
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At a point in time
|
|
$
|
—
|
|
$
|
466,341 |
|
$
|
—
|
|
$
|
466,341 |
|
Over time
|
|
|
10,876,252 |
|
|
3,841,922 |
|
|
9,452,107 |
|
|
24,170,281 |
|
MG Group
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Timing of revenue recognition
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At a point in time
|
|
|
—
|
|
|
8,858,071 |
|
|
4,753,815 |
|
|
13,611,886 |
|
Over time
|
|
|
9,673,390 |
|
|
571,999 |
|
|
—
|
|
|
10,245,389 |
| |
|
$
|
20,549,642 |
|
$
|
13,738,333 |
|
$
|
14,205,922 |
|
$
|
48,493,897 |
|
| Schedule of Contract Assets and Liabilities |
The Group has recognized the following contract assets and liabilities in relation to revenue from contracts with customers:
|
|
|
January 1,
2023
|
|
December 31,
2023
|
|
December 31,
2024
|
|
Contract assets:
|
|
|
|
|
|
|
|
|
|
|
Service contracts
|
|
$
|
3,093,020 |
|
$
|
3,153,022 |
|
$
|
3,980,380 |
|
Contract liabilities
|
|
|
|
|
|
|
|
|
|
|
Advance sales receipts
|
|
$
|
680,723 |
|
$
|
988,753 |
|
$
|
578,219 |
|