v3.25.2
SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING

13. SEGMENT REPORTING

 

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. The Company has three reportable segments based on business unit, bio-carbon-based fertilizer (“BCBF”) trading business, online retailing business and beauty products trading business and two reportable segments based on country, United States and China.

 

In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

 

                 
   For the Year Ended and As of December 31, 2024 
By Business Unit  BCBF Trading
Business		   Online Retailing
Business		   Beauty Products
Trading Business		   Total 
Revenue  $17   $246,449   $      -   $246,466 
                     
Cost of revenue   (6)   (149,978)   -    (149,984)
Selling and distribution expenses   

-

    (2,452)   -    (2,452)
General and administrative expenses   -    (141,111)   -    (141,111)
                     
Income/(Loss) from operations   11    (47,092)   -    (47,081)
                     
Total assets  $24,178   $112,101   $-   $136,279 
Capital expenditure  $-   $-   $-   $- 

 

                 
   For the Year Ended and As of December 31, 2023  
By Business Unit  BCBF Trading
Business		   Online Retailing
Business		   Beauty and other Products
Trading Business		   Total 
Revenue  $57,803   $384,234   $68,198   $510,235 
                     
Cost of revenue   (34,517)   (29,966)   (5,436)   (69,919)
Selling and distribution expenses   (495)   (84,923)   -    (85,418)
General and administrative expenses   (211,710)   (21,811)   (114,530)   (348,051)
                     
Income/(Loss) from operations   (188,919)   247,534    (51,768)   6,847 
                     
Total assets  $288,137   $89,190   $-   $377,327 
Capital expenditure  $-   $-   $-   $- 

 

 

By Country         
   For the Year Ended and As of December 31, 2024 
By Country  United States   China   Total 
Revenue  $-   $246,466   $246,466 
                
Cost of revenue   -    (149,984)   (149,984)
Selling and distribution expenses   -    (2,452)   (2,452)
General and administrative expenses   (39,696)   (101,415)   (141,111)
                
Income/(Loss) from operations   (39,696)   (7,385)   (47,081)
                
Total assets  $2,084   $134,195   $136,279 
Capital expenditure  $-   $-   $- 

 

By Country         
   For the Year Ended and As of December 31, 2023 
By Country  United States   China   Total 
Revenue  $-   $510,235   $510,235 
                
Cost of revenue   -    (69,919)   (69,919)
Selling and distribution expenses   -    (85,418)   (85,418)
General and administrative expenses   (73,513)   (274,538)   (348,051)
                
Income/(Loss) from operations   (73,513)   80,360    6,847 
                
Total assets  $10,855   $366,472   $377,327 
Capital expenditure  $-   $-   $-