| Schedule of segment information |
| Schedule of segment information | |
| | | |
| | | |
| | | |
| | |
| | |
Sales of Fish Trading | | |
Sales of Catering | | |
E-Commerce | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Revenue | |
$ | 3,929,870 | | |
$ | 2,418 | | |
$ | 39,428 | | |
$ | 3,971,716 | |
| Cost of revenue | |
$ | 3,921,975 | | |
$ | 1,904 | | |
$ | 15,383 | | |
$ | 3,939,262 | |
| Gross profit | |
$ | 7,895 | | |
$ | 514 | | |
$ | 24,045 | | |
$ | 32,454 | |
| General and administrative expenses | |
$ | (370,349 | ) | |
$ | 86,683 | | |
$ | 47,344 | | |
$ | (236,322 | ) |
| Segment operating losses | |
$ | (362,454 | ) | |
$ | 87,197 | | |
$ | 71,389 | | |
$ | (203,868 | ) |
| Income tax expenses | |
$ | (140,561 | ) | |
$ | – | | |
$ | – | | |
$ | (140,561 | ) |
| Segment losses | |
$ | (503,015 | ) | |
$ | 87,197 | | |
$ | 71,389 | | |
$ | (344,429 | ) |
For three months ended June 30, 2024
| | |
Sales of Fish Trading | | |
Sales of Catering | | |
E-Commerce | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Revenue | |
$ | 6,640,220 | | |
$ | 1,122 | | |
$ | 111,770 | | |
$ | 6,753,112 | |
| Cost of revenue | |
$ | 6,626,898 | | |
$ | 21,179 | | |
$ | 59,248 | | |
$ | 6,707,325 | |
| Gross profit | |
$ | 13,322 | | |
$ | (20,057 | ) | |
$ | 52,522 | | |
$ | 45,787 | |
| General and administrative expenses | |
$ | (128,410 | ) | |
$ | (65,113 | ) | |
$ | (160,919 | ) | |
$ | (354,442 | ) |
| Segment operating losses | |
$ | (115,088 | ) | |
$ | (85,170 | ) | |
$ | (108,397 | ) | |
$ | (308,655 | ) |
| Income tax benefit | |
$ | 1,766 | | |
$ | – | | |
$ | – | | |
$ | 1,766 | |
| Segment losses | |
$ | (113,322 | ) | |
$ | (85,170 | ) | |
$ | (108,397 | ) | |
$ | (306,889 | ) |
For six months ended June 30, 2025
| | |
Sales of Fish Trading | | |
Sales of Catering | | |
E-Commerce | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Revenue | |
$ | 8,404,076 | | |
$ | 4,507 | | |
$ | 97,261 | | |
$ | 8,505,844 | |
| Cost of revenue | |
$ | 8,387,184 | | |
$ | 3,471 | | |
$ | 31,785 | | |
$ | 8,422,440 | |
| Gross profit | |
$ | 16,892 | | |
$ | 1,036 | | |
$ | 65,476 | | |
$ | 83,404 | |
| General and administrative expenses | |
$ | (430,672 | ) | |
$ | (108,724 | ) | |
$ | (31,297 | ) | |
$ | (570,693 | ) |
| Segment operating losses | |
$ | (413,780 | ) | |
$ | (107,688 | ) | |
$ | 34,179 | | |
$ | (487,289 | ) |
| Income tax expenses | |
$ | (140,561 | ) | |
$ | – | | |
$ | – | | |
$ | (140,561 | ) |
| Segment losses | |
$ | (554,341 | ) | |
$ | (107,688 | ) | |
$ | 34,179 | | |
$ | (627,850 | ) |
For six months ended June 30, 2024
| | |
Sales of Fish Trading | | |
Sales of Catering | | |
E-Commerce | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Revenue | |
$ | 11,404,737 | | |
$ | 87,495 | | |
$ | 160,760 | | |
$ | 11,652,992 | |
| Cost of revenue | |
$ | 11,381,512 | | |
$ | 65,168 | | |
$ | 76,564 | | |
$ | 11,523,244 | |
| Gross profit | |
$ | 23,225 | | |
$ | 22,327 | | |
$ | 84,196 | | |
$ | 129,748 | |
| General and administrative expenses | |
$ | (419,600 | ) | |
$ | (153,984 | ) | |
$ | (232,322 | ) | |
$ | (805,906 | ) |
| Segment operating losses | |
$ | (396,375 | ) | |
$ | (131,657 | ) | |
$ | (148,126 | ) | |
$ | (676,158 | ) |
| Income tax expenses | |
$ | (122,380 | ) | |
$ | – | | |
$ | – | | |
$ | (122,380 | ) |
| Segment losses | |
$ | (518,755 | ) | |
$ | (131,657 | ) | |
$ | (148,126 | ) | |
$ | (798,538 | ) |
The following tables set forth a summary of single
customers who represent 10% or more of the Company’s segments revenue, net:
| |
|
Fish Trading |
|
| |
|
June 30, 2025 |
|
|
June 30, 2024 |
|
| |
|
|
|
|
|
|
| Percentage of fish trading revenue |
|
|
|
|
|
|
|
|
| Customer A |
|
|
16.12% |
|
|
|
20.33% |
|
| Customer B |
|
|
23.46% |
|
|
|
14.05% |
|
| Customer C |
|
|
– |
|
|
|
10.85% |
|
| Customer D |
|
|
– |
|
|
|
17.68% |
|
| Customer E |
|
|
19.24% |
|
|
|
12.15% |
|
| Customer F |
|
|
18.65% |
|
|
|
13.96% |
|
| Customer G |
|
|
13.23% |
|
|
|
– |
|
| |
|
|
90.7% |
|
|
|
89.02% |
|
| |
|
Catering |
|
| |
|
June 30, 2025 |
|
|
June 30, 2024 |
|
| |
|
|
|
|
|
|
| Percentage of catering revenue |
|
|
|
|
|
|
|
|
| Customer H |
|
|
82.85% |
|
|
|
– |
|
| Customer I |
|
|
10.68% |
|
|
|
– |
|
| |
|
|
93.53% |
|
|
|
– |
|
|