| BUSINESS SEGMENT |
5. BUSINESS
SEGMENT
During the years ended December 31, 2025 and 2024,
the Company managed and operated its business into two reportable business segments:
| – |
Supply chain segment |
Provision of logistic service and warehousing service |
| – |
Financial segment |
Provision of financial consulting service |
The CODM assesses segment financial performance
by reviewing segment revenue and segment operating income. The CODM will make decisions to allocate resources based on the review of monthly,
quarterly, and annual financial information categorized by segment. The financial information is presented to the CODM using actual-to-actual
results and budget-to-actual results.
The CODM evaluates performance and allocates resources
to the segments, based on operating results. Adjustments to reconcile segment results with consolidated results are included in the caption
“Corporate,” which primarily includes unallocated corporate activity.
Summarized below is the information about the
Company’s operating results by reporting segments for the years:
| Schedule of segment information |
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|
Years ended December 31, |
|
| |
|
Supply chain segment |
|
|
Financial segment |
|
|
Corporate |
|
|
Consolidated |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
|
|
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|
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|
|
|
|
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|
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|
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|
| Revenues, net |
|
$ |
3,252,947 |
|
|
$ |
1,335,397 |
|
|
$ |
218,382 |
|
|
$ |
208,711 |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
3,471,329 |
|
|
$ |
1,544,108 |
|
| Cost of revenues |
|
|
(1,896,995 |
) |
|
|
(742,314 |
) |
|
|
(44,116 |
) |
|
|
(37,989 |
) |
|
|
– |
|
|
|
– |
|
|
|
(1,941,111 |
) |
|
|
(780,303 |
) |
| Gross profit |
|
|
1,355,952 |
|
|
|
593,083 |
|
|
|
174,266 |
|
|
|
170,722 |
|
|
|
– |
|
|
|
– |
|
|
|
1,530,218 |
|
|
|
763,805 |
|
| Operating expenses |
|
|
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|
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|
|
|
|
|
|
|
|
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|
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| Depreciation |
|
|
(14,528 |
) |
|
|
(12,051 |
) |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
(14,528 |
) |
|
|
(12,051 |
) |
| Salaries and wages |
|
|
(304,023 |
) |
|
|
(65,364 |
) |
|
|
(94,928 |
) |
|
|
(71,004 |
) |
|
|
– |
|
|
|
– |
|
|
|
(398,951 |
) |
|
|
(136,368 |
) |
| Professional fees |
|
|
(6,209 |
) |
|
|
(11,919 |
) |
|
|
– |
|
|
|
– |
|
|
|
(167,665 |
) |
|
|
(266,529 |
) |
|
|
(173,874 |
) |
|
|
(278,448 |
) |
| Other general and administrative |
|
|
(526,020 |
) |
|
|
(214,849 |
) |
|
|
(25,902 |
) |
|
|
(25,018 |
) |
|
|
(182,555 |
) |
|
|
(712,039 |
) |
|
|
(734,477 |
) |
|
|
(951,906 |
) |
| Operating income (loss) |
|
|
505,172 |
|
|
|
288,900 |
|
|
|
53,436 |
|
|
|
74,700 |
|
|
|
(350,220 |
) |
|
|
(978,568 |
) |
|
|
208,388 |
|
|
|
(614,968 |
) |
| Total other incomes (expenses), net |
|
|
616 |
|
|
|
1,432 |
|
|
|
72 |
|
|
|
475 |
|
|
|
131,421 |
|
|
|
(120,602 |
) |
|
|
132,109 |
|
|
|
(118,695 |
) |
| Income tax credit (expense) |
|
|
(3,073 |
) |
|
|
– |
|
|
|
7,659 |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
4,586 |
|
|
|
– |
|
| Segment profit (loss) |
|
$ |
502,715 |
|
|
$ |
290,332 |
|
|
$ |
61,167 |
|
|
$ |
75,175 |
|
|
$ |
(218,799 |
) |
|
$ |
(1,099,170 |
) |
|
$ |
345,083 |
|
|
$ |
(733,663 |
) |
| |
|
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| |
|
Supply
chain segment |
|
|
Financial
segment |
|
|
Corporate |
|
|
Consolidated |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
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|
|
|
|
|
|
|
|
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|
|
|
|
|
|
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|
| Property
and equipment |
|
$ |
2,965,233 |
|
|
$ |
1,739,468 |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
2,965,233 |
|
|
$ |
1,739,468 |
|
| Total Assets |
|
$ |
5,734,390 |
|
|
$ |
3,961,537 |
|
|
$ |
99,228 |
|
|
$ |
– |
|
|
$ |
2,351 |
|
|
$ |
– |
|
|
$ |
5,835,969 |
|
|
$ |
4,035,441 |
|
|