| SCHEDULE OF ANALYSIS ABOUT COMPANY'S REVENUE AND OTHER INCOME |
Revenue comprises
the fair value of the consideration received or receivable for the sale of goods. An analysis of the Company’s revenue and other
income is as follows:
SCHEDULE OF ANALYSIS ABOUT COMPANY'S REVENUE AND OTHER INCOME
| |
|
2024 |
|
|
2023 |
|
|
2022 |
|
| |
|
For the years ended December 31, |
|
| |
|
2024 |
|
|
2023 |
|
|
2022 |
|
| |
|
USD’000 |
|
|
USD’000 |
|
|
USD’000 |
|
| Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
| Continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Business management and consulting |
|
|
164 |
|
|
|
1,009 |
|
|
|
1,882 |
|
| Livestreaming ecommerce |
|
|
98,609 |
|
|
|
71,093 |
|
|
|
40,672 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Sale of goods (Note 26) |
|
|
- |
|
|
|
381 |
|
|
|
5,602 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total revenue |
|
|
98,773 |
|
|
|
72,483 |
|
|
|
48,156 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Other income |
|
|
|
|
|
|
|
|
|
|
|
|
| Continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest income |
|
|
844 |
|
|
|
302 |
|
|
|
2 |
|
| Foreign exchange gain |
|
|
- |
|
|
|
- |
|
|
|
11 |
|
| Government grant |
|
|
1,250 |
|
|
|
42 |
|
|
|
- |
|
| Other |
|
|
8 |
|
|
|
182 |
|
|
|
428 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Other income (Note 26) |
|
|
- |
|
|
|
808 |
|
|
|
2,117 |
|
| Total other income |
|
|
2,102 |
|
|
|
1,334 |
|
|
|
2,558 |
|
|
| SCHEDULE OF OPERATIONS BY BUSINESS SEGMENT |
The following
table shows the Company’s operations by business segment for the years ended December 31, 2024, 2023 and 2022.
SCHEDULE OF OPERATIONS BY BUSINESS SEGMENT
| |
|
2024 |
|
|
2023 |
|
|
2022 |
|
| |
|
For the years ended December 31, |
|
| |
|
2024 |
|
|
2023 |
|
|
2022 |
|
| |
|
USD’000 |
|
|
USD’000 |
|
|
USD’000 |
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Sales of tile products |
|
|
- |
|
|
|
381 |
|
|
|
5,602 |
|
| Continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Consulting income / software |
|
|
164 |
|
|
|
1,009 |
|
|
|
1,882 |
|
| Livestreaming ecommerce |
|
|
98,609 |
|
|
|
71,093 |
|
|
|
40,672 |
|
| Total revenues |
|
|
98,773 |
|
|
|
72,483 |
|
|
|
48,156 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Sales of tile products |
|
|
- |
|
|
|
1,068 |
|
|
|
6,129 |
|
| Continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Consulting income / software |
|
|
189 |
|
|
|
1,958 |
|
|
|
1,905 |
|
| Livestreaming ecommerce |
|
|
98,710 |
|
|
|
62,651 |
|
|
|
36,501 |
|
| Total cost of revenues |
|
|
98,899 |
|
|
|
65,677 |
|
|
|
44,535 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Other income |
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Sales of tile products |
|
|
- |
|
|
|
808 |
|
|
|
2,117 |
|
| Continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Consulting income / software |
|
|
545 |
|
|
|
12 |
|
|
|
18 |
|
| Livestreaming ecommerce |
|
|
1,256 |
|
|
|
50 |
|
|
|
338 |
|
| Other |
|
|
301 |
|
|
|
464 |
|
|
|
104 |
|
| Total other income |
|
|
2,102 |
|
|
|
1,334 |
|
|
|
2,577 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Sales of tile products |
|
|
- |
|
|
|
458 |
|
|
|
3,763 |
|
| Continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Consulting income / software |
|
|
303 |
|
|
|
1,035 |
|
|
|
686 |
|
| Livestreaming ecommerce |
|
|
1,236 |
|
|
|
8,514 |
|
|
|
3,740 |
|
| Other |
|
|
11,004 |
|
|
|
10,564 |
|
|
|
1,394 |
|
| Total operating costs and expenses |
|
|
12,543 |
|
|
|
20,571 |
|
|
|
9,583 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Bad debt (reversal) expense |
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Sales of tile products |
|
|
- |
|
|
|
(141) |
|
|
|
4,959 |
|
| Continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Consulting income / software |
|
|
- |
|
|
|
- |
|
|
|
148 |
|
| Livestreaming ecommerce |
|
|
- |
|
|
|
- |
|
|
|
(557) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total bad debt
(reversal) expense |
|
|
- |
|
|
|
(141 |
) |
|
|
4,550 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Other expense |
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Sales of tile products |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Consulting income / software |
|
|
9 |
|
|
|
- |
|
|
|
5 |
|
| Livestreaming ecommerce |
|
|
- |
|
|
|
- |
|
|
|
1 |
|
| Other |
|
|
- |
|
|
|
170 |
|
|
|
- |
|
| Total other expense |
|
|
9 |
|
|
|
170 |
|
|
|
6 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Sales of tile products |
|
|
- |
|
|
|
(196 |
) |
|
|
(7,132 |
) |
| Continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
| Consulting income / software |
|
|
208 |
|
|
|
(1,972 |
) |
|
|
(847 |
) |
| Livestreaming ecommerce |
|
|
(80 |
) |
|
|
(23) |
|
|
|
1,327 |
|
| Other |
|
|
(10,704 |
) |
|
|
(10,269 |
) |
|
|
(1,289 |
) |
| Loss from operations |
|
|
(10,576 |
) |
|
|
(12,460 |
) |
|
|
(7,940 |
) |
| |
|
As of |
|
|
As of |
|
| |
|
December 31, |
|
|
December 31, |
|
| |
|
2024 |
|
|
2023 |
|
| Segment assets |
|
|
|
|
|
|
|
|
| Discontinued operations |
|
|
|
|
|
|
|
|
| Sale of tile products |
|
|
- |
|
|
|
- |
|
| Continuing operations |
|
|
|
|
|
|
|
|
| Business management and consulting |
|
|
19,544 |
|
|
|
7,231 |
|
| Livestreaming ecommerce |
|
|
4,514 |
|
|
|
1,903 |
|
| Others |
|
|
13,948 |
|
|
|
7,980 |
|
| Total assets |
|
|
38,006 |
|
|
|
17,114 |
|
|