| SEGMENT AND GEOGRAPHIC AREA INFORMATION |
NOTE 13 – SEGMENT AND GEOGRAPHIC AREA INFORMATION The Group’s major source of income was real estate agent commissions before December 31, 2022. The Group’s major income source was the hospitality business after December 31, 2022. Geographically, revenue was primarily generated in the UK market after December 31, 2022. The Company’s chief operating decision maker (“CODM”), identified as the Chief Executive Officer, reviews consolidated financial information for purposes of evaluating financial performance and allocating resources. The CODM does not regularly review discrete financial information by geographic region or by business line. Accordingly, management has determined that the Company operates as one operating and reportable segment. The following tables present a summary of the Group’s revenues by source and by geographic region for the years ended December 31, 2025, 2024, and 2023. | | | | | | | | | | | | | | | | | | For the Year Ended December 31, 2025 | | | UK | | PRC | | Cayman | | Elimination | | Consolidated | Revenue | | | | | | | | | | | | | | | | Hospitality | | $ | 529,638 | | $ | — | | $ | — | | $ | (439,974) | | $ | 89,664 | Real estate agent | | | — | | | — | | | — | | | — | | | — | Total revenue | | | 529,638 | | | — | | | — | | | (439,974) | | | 89,664 | Payroll and payroll taxes | | | (104,205) | | | — | | | (128,599) | | | — | | | (232,804) | Professional fees | | | (5,080) | | | (30,175) | | | (722,209) | | | 1 | | | (757,463) | Other G&A expenses | | | (696,900) | | | (4,504) | | | (8,305) | | | 439,974 | | | (269,735) | Loss from operations | | | (276,547) | | | (34,679) | | | (859,113) | | | 1 | | | (1,170,338) | Other income (expenses) | | | (92,866) | | | 174,792 | | | 1,047,091 | | | — | | | 1,129,017 | Income tax | | | — | | | — | | | — | | | — | | | — | Net income (loss) | | $ | (369,413) | | $ | 140,113 | | $ | 187,978 | | $ | 1 | | $ | (41,321) |
| | | | | | | | | | | | | | | | | | For the Year Ended December 31, 2024 | | | UK | | PRC | | Cayman | | Elimination | | Consolidated | Revenue | | | | | | | | | | | | | | | | Hospitality | | $ | 474,627 | | $ | — | | | | | $ | (426,252) | | $ | 48,375 | Real estate agent | | | — | | | — | | | — | | | — | | | — | Total revenue | | | 474,627 | | | — | | | — | | | (426,252) | | | 48,375 | Payroll and payroll taxes | | | (69,916) | | | (86,105) | | | (1,636,059) | | | — | | | (1,792,080) | Professional fees | | | (17,133) | | | (392,663) | | | (44,050) | | | | | | (453,846) | Other G&A expenses | | | (669,806) | | | (167,956) | | | (180,855) | | | 426,253 | | | (592,364) | Loss from operations | | | (282,228) | | | (646,724) | | | (1,860,964) | | | 1 | | | (2,789,915) | Other income (expenses) | | | 80,603 | | | 13,382 | | | (493,274) | | | (1) | | | (399,290) | Income tax | | | — | | | — | | | — | | | — | | | — | Net income (loss) | | $ | (201,625) | | $ | (633,342) | | $ | (2,354,238) | | $ | — | | $ | (3,189,205) |
| | | | | | | | | | | | | | | | | | For the Year Ended December 31, 2023 | | | UK | | PRC | | Cayman | | Elimination | | Consolidated | Revenue | | | | | | | | | | | | | | | | Hospitality | | $ | 517,761 | | $ | — | | $ | — | | $ | (414,852) | | $ | 102,909 | Real estate agent | | | — | | | 41,954 | | | — | | | — | | | 41,954 | Total revenue | | | 517,761 | | | 41,954 | | | — | | | (414,852) | | | 144,863 | Payroll and payroll taxes | | | (85,286) | | | (486,954) | | | | | | — | | | (572,240) | Professional fees | | | (80,343) | | | (439,237) | | | (6,045) | | | — | | | (525,625) | Other G&A expenses | | | (744,796) | | | 86,251 | | | (127,462) | | | 414,852 | | | (371,155) | Loss from operations | | | (392,664) | | | (797,986) | | | (133,507) | | | — | | | (1,324,157) | Other income (expenses) | | | 33,757 | | | 140,789 | | | — | | | | | | 174,546 | Income tax | | | — | | | (10,835) | | | — | | | — | | | (10,835) | Net income (loss) | | $ | (358,907) | | $ | (668,032) | | $ | (133,507) | | $ | — | | $ | (1,160,446) |
The following table summarizes long-lived assets, net by geographic region as of December 31, 2025, 2024 and 2023: | | | | | | | | | | | | For the Year Ended December 31, | | | 2025 | | 2024 | | 2023 | UK | | $ | 3,768,594 | | $ | 3,249,686 | | $ | 3,305,142 | PRC | | | — | | | — | | | 2,229 | Cayman | | | — | | | — | | | — | Long-lived assets, net | | $ | 3,768,594 | | $ | 3,249,686 | | $ | 3,307,371 |
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