SEGMENT REPORTING |
NOTE
4 – SEGMENT REPORTING
Currently,
the Company has two reportable business segments:
(i) |
Healthcare Segment, mainly provides
health consulting advisory services and healthcare and wellness products to the customers; and |
|
|
(ii) |
Wine Segment, mainly provides the wine products to
the customers. |
In
the following table, revenue is disaggregated by primary major product line, including a reconciliation of the disaggregated revenue
with the reportable segments.
SUMMARY OF REPORTABLE SEGMENTS
| |
Healthcare Segment | | |
Wine Segment | | |
Total | |
| |
Three months ended June 30, 2025 | |
| |
Healthcare Segment | | |
Wine Segment | | |
Total | |
Revenue from external customers: | |
| | | |
| | | |
| | |
Sale of healthcare products | |
$ | 142,130 | | |
$ | - | | |
$ | 142,130 | |
Sale of wine products | |
| - | | |
| 84 | | |
| 84 | |
Total revenue | |
| 142,130 | | |
| 84 | | |
| 142,214 | |
| |
| | | |
| | | |
| | |
Cost of revenue: | |
| | | |
| | | |
| | |
Sale of healthcare products | |
| (126,649 | ) | |
| - | | |
| (126,649 | ) |
Sale of wine products | |
| - | | |
| (5 | ) | |
| (5 | ) |
Total cost of revenue | |
| (126,649 | ) | |
| (5 | ) | |
| (126,654 | ) |
| |
| | | |
| | | |
| | |
Gross profit | |
| 15,481 | | |
| 79 | | |
| 15,560 | |
| |
| | | |
| | | |
| | |
Operating expenses: | |
| | | |
| | | |
| | |
Selling and distribution | |
| (30 | ) | |
| - | | |
| (30 | ) |
General and administrative | |
| (22,577 | ) | |
| (90,308 | ) | |
| (112,885 | ) |
Total operating expenses | |
| (22,607 | ) | |
| (90,308 | ) | |
| (112,915 | ) |
| |
| | | |
| | | |
| | |
Segment loss | |
$ | (7,126 | ) | |
$ | (90,229 | ) | |
$ | (97,355 | ) |
| |
Healthcare Segment | | |
Wine Segment | | |
Total | |
| |
Three months ended 30 June, 2024 | |
| |
Healthcare Segment | | |
Wine Segment | | |
Total | |
Revenue from external customers: | |
| | | |
| | | |
| | |
Sale of healthcare products | |
$ | 3,128 | | |
$ | - | | |
$ | 3,128 | |
Sale of wine products | |
| - | | |
| 623 | | |
| 623 | |
Total revenue | |
| 3,128 | | |
| 623 | | |
| 3,751 | |
| |
| | | |
| | | |
| | |
Cost of revenue: | |
| | | |
| | | |
| | |
Sale of healthcare products | |
| (1,141 | ) | |
| - | | |
| (1,141 | ) |
Sale of wine products | |
| - | | |
| (325 | ) | |
| (325 | ) |
Total cost of revenue | |
| (1,141 | ) | |
| (325 | ) | |
| (1,466 | ) |
| |
| | | |
| | | |
| | |
Gross profit | |
| 1,987 | | |
| 298 | | |
| 2,285 | |
| |
| | | |
| | | |
| | |
Operating expenses: | |
| | | |
| | | |
| | |
Selling and distribution | |
| - | | |
| (51 | ) | |
| (51 | ) |
General and administrative | |
| (22,819 | ) | |
| (88,208 | ) | |
| (111,027 | ) |
Total operating expenses | |
| (22,819 | ) | |
| (88,259 | ) | |
| (111,078 | ) |
| |
| | | |
| | | |
| | |
Segment loss | |
$ | (20,832 | ) | |
$ | (87,961 | ) | |
$ | (108,793 | ) |
| |
Healthcare Segment | | |
Wine Segment | | |
Total | |
| |
Six
months ended June 30, 2025 | |
| |
Healthcare
Segment | | |
Wine
Segment | | |
Total | |
Revenue
from external customers: | |
| | | |
| | | |
| | |
Sale
of healthcare products | |
$ | 142,171 | | |
$ | - | | |
$ | 142,171 | |
Sale
of wine products | |
| - | | |
| 84 | | |
| 84 | |
Total
revenue | |
| 142,171 | | |
| 84 | | |
| 142,255 | |
| |
| | | |
| | | |
| | |
Cost
of revenue: | |
| | | |
| | | |
| | |
Sale
of healthcare products | |
| (126,665 | ) | |
| - | | |
| (126,665 | ) |
Sale
of wine products | |
| - | | |
| (5 | ) | |
| (5 | ) |
Total
cost of revenue | |
| (126,665 | ) | |
| (5 | ) | |
| (126,670 | ) |
| |
| | | |
| | | |
| | |
Gross
profit | |
| 15,506 | | |
| 79 | | |
| 15,585 | |
| |
| | | |
| | | |
| | |
Operating
Expenses | |
| | | |
| | | |
| | |
Selling
and distribution | |
| (1,022 | ) | |
| (4,090 | ) | |
| (5,112 | ) |
General
and administrative | |
| (42,314 | ) | |
| (169,255 | ) | |
| (211,569 | ) |
Total
operating expenses | |
| (43,336 | ) | |
| (173,345 | ) | |
| (216,681 | ) |
| |
| | | |
| | | |
| | |
Segment
loss | |
$ | (27,830 | ) | |
$ | (173,266 | ) | |
$ | (201,096 | ) |
| |
Healthcare Segment | | |
Wine Segment | | |
Total | |
| |
Six
months ended June 30, 2024 | |
| |
Healthcare
Segment | | |
Wine
Segment | | |
Total | |
Revenue
from external customers: | |
| | | |
| | | |
| | |
Sale
of healthcare products | |
| 3,128 | | |
| - | | |
| 3,128 | |
Sale
of wine products | |
| - | | |
| 24,489 | | |
| 24,489 | |
Total
revenue | |
| 3,128 | | |
| 24,489 | | |
| 27,617 | |
| |
| | | |
| | | |
| | |
Cost
of revenue: | |
| | | |
| | | |
| | |
Sale
of healthcare products | |
| (1,141 | ) | |
| - | | |
| (1,141 | ) |
Sale
of wine products | |
| - | | |
| (6,300 | ) | |
| (6,300 | ) |
Total
cost of revenue | |
| (1,141 | ) | |
| (6,300 | ) | |
| (7,441 | ) |
| |
| | | |
| | | |
| | |
Gross
profit | |
| 1,987 | | |
| 18,189 | | |
| 20,176 | |
| |
| | | |
| | | |
| | |
Operating
Expenses | |
| | | |
| | | |
| | |
Selling
and distribution | |
| - | | |
| (4,999 | ) | |
| (4,999 | ) |
General
and administrative | |
| (22,819 | ) | |
| (178,652 | ) | |
| (201,471 | ) |
Total
operating expenses | |
| (22,819 | ) | |
| (183,651 | ) | |
| (206,470 | ) |
| |
| | | |
| | | |
| | |
Segment
loss | |
$ | (20,832 | ) | |
$ | (165,462 | ) | |
$ | (186,294 | ) |
The
revenues are based on the countries in which the customer is located. For the three and six months ended June 30, 2025, and 2024, all
revenues reported are derived from customers located in China.
|