| Schedule of Disaggregation of Revenue from Contracts with Customers |
The Group derives revenue from the
transfer of goods and services over time and at a point in time in the following revenue sources:
| 2023 | |
Digital
studio | | |
Media and
branded
content | | |
Technology | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Revenue from external customer contracts: | |
| | | |
| | | |
| | | |
| | |
| TNL Group | |
| | | |
| | | |
| | | |
| | |
| Timing of revenue recognition | |
| | | |
| | | |
| | | |
| | |
| At a point in time | |
$ | - | | |
$ | 636,262 | | |
$ | - | | |
$ | 636,262 | |
| Over time | |
| 9,535,853 | | |
| 2,705,481 | | |
| 7,830,627 | | |
| 20,071,961 | |
| MG Group | |
| | | |
| | | |
| | | |
| | |
| Timing of revenue recognition | |
| | | |
| | | |
| | | |
| | |
| At a point in time | |
| - | | |
| 6,015,726 | | |
| 2,782,809 | | |
| 8,798,535 | |
| Over time | |
| 5,910,518 | | |
| 421,504 | | |
| - | | |
| 6,332,022 | |
| | |
$ | 15,446,371 | | |
$ | 9,778,973 | | |
$ | 10,613,436 | | |
$ | 35,838,780 | |
| 2024 | |
Digital
studio | | |
Media and
branded
content | | |
Technology | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Revenue from external customer contracts: | |
| | |
| | |
| | |
| |
| TNL Group | |
| | |
| | |
| | |
| |
| Timing of revenue recognition | |
| | | |
| | | |
| | | |
| | |
| At a point in time | |
$ | - | | |
$ | 466,341 | | |
$ | - | | |
$ | 466,341 | |
| Over time | |
| 10,876,252 | | |
| 3,841,922 | | |
| 9,452,107 | | |
| 24,170,281 | |
| MG Group | |
| | | |
| | | |
| | | |
| | |
| Timing of revenue recognition | |
| | | |
| | | |
| | | |
| | |
| At a point in time | |
| - | | |
| 8,858,071 | | |
| 4,753,815 | | |
| 13,611,886 | |
| Over time | |
| 9,673,390 | | |
| 571,999 | | |
| - | | |
| 10,245,389 | |
| | |
$ | 20,549,642 | | |
$ | 13,738,333 | | |
$ | 14,205,922 | | |
$ | 48,493,897 | |
| 2025 | |
Digital
studio | | |
Media and
branded
content | | |
Technology | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Revenue from external customer contracts: | |
| | |
| | |
| | |
| |
| TNL Group | |
| | |
| | |
| | |
| |
| Timing of revenue recognition | |
| | | |
| | | |
| | | |
| | |
| At a point in time | |
$ | - | | |
$ | 320,678 | | |
$ | - | | |
$ | 320,678 | |
| Over time | |
| 8,254,122 | | |
| 3,280,147 | | |
| 8,991,810 | | |
| 20,526,079 | |
| MG Group | |
| | | |
| | | |
| | | |
| | |
| Timing of revenue recognition | |
| | | |
| | | |
| | | |
| | |
| At a point in time | |
| - | | |
| 8,765,332 | | |
| 4,494,265 | | |
| 13,259,597 | |
| Over time | |
| 10,400,874 | | |
| 513,342 | | |
| - | | |
| 10,914,216 | |
| | |
$ | 18,654,996 | | |
$ | 12,879,499 | | |
$ | 13,486,075 | | |
$ | 45,020,570 | |
|
| Schedule of Contract Assets and Liabilities |
The Group has recognized the following
contract assets and liabilities in relation to revenue from contracts with customers:
| | |
January 1, 2024 | | |
December 31, 2024 | | |
December 31, 2025 | |
| | |
| | |
| | |
| |
| Contract assets: | |
| | | |
| | | |
| | |
| Service contracts | |
$ | 3,153,022 | | |
$ | 3,980,380 | | |
$ | 4,255,965 | |
| Contract liabilities | |
| | | |
| | | |
| | |
| Advance sales receipts | |
$ | 988,753 | | |
$ | 578,219 | | |
$ | 1,381,821 | |
|