SCHEDULE OF REPORTABLE SEGMENTS, REVENUE AND INCOME |
The following tables present the summary of each reportable
segment’s assets, revenue and income, which is considered as a segment operating performance measure, for the years ended December
31, 2024 and 2023:
SCHEDULE OF REPORTABLE SEGMENTS,
REVENUE AND INCOME
| |
Segment | | |
Segment | | |
Consolidated | |
| |
For the Year Ended December 31, 2024 | |
| |
Electric vehicles and accessories sales | | |
Software royalties and development and design services | | |
| |
| |
Segment | | |
Segment | | |
Consolidated | |
Current assets | |
| 21,206,263 | | |
| - | | |
| 21,206,263 | |
Non-current assets | |
| 2,813,325 | | |
| - | | |
| 2,813,325 | |
Revenues | |
| 21,132,121 | | |
| 56,485 | | |
| 21,188,606 | |
Depreciation and amortization | |
| 1,519,640 | | |
| (515,551 | ) | |
| 1,004,089 | |
Segment gross profit margin | |
| 14 | % | |
| (912 | )% | |
| 12 | % |
Net income | |
| (105,529 | ) | |
| (740,312 | ) | |
| (845,841 | ) |
| |
Segment | | |
Segment | | |
Consolidated | |
| |
For the Year Ended December 31, 2023 | |
| |
Electric vehicles and accessories sales | | |
Software royalties and development and design services | | |
| |
| |
Segment | | |
Segment | | |
Consolidated | |
Current assets | |
$ | 15,830,685 | | |
$ | 274,228 | | |
$ | 16,104,913 | |
Non-current assets | |
| 1,764,534 | | |
| 1,802,037 | | |
| 3,566,571 | |
Revenues | |
| 14,298,967 | | |
| 1,175,951 | | |
| 15,474,918 | |
Depreciation and amortization | |
| 180,861 | | |
| 541,917 | | |
| 722,778 | |
Segment gross profit margin | |
| 12 | % | |
| 40 | % | |
| 14 | % |
Net income | |
$ | 1,004,577 | | |
$ | (18,106 | ) | |
$ | 986,471 | |
|