| Schedule of Revenue and Operating Results by Segments |
The revenue and operating results by segments
were as follows:
| | |
For the year ended December 31,
2023 | |
| | |
High school | | |
Vocational
education | | |
All Other | | |
Consolidated | |
| | |
| | |
| | |
| | |
| |
| Revenues | |
| 16,334,106 | | |
| 29,877,168 | | |
| 4,604,142 | | |
| 50,815,416 | |
| Cost of revenues | |
| (21,591,312 | ) | |
| (23,685,307 | ) | |
| (1,573,695 | ) | |
| (46,850,314 | ) |
| Operating expenses | |
| | | |
| | | |
| | | |
| | |
| General and administrative expenses | |
| (2,778,289 | ) | |
| (7,309,405 | ) | |
| (15,357,707 | ) | |
| (25,445,401 | ) |
| Selling and marketing expenses | |
| - | | |
| (16,800 | ) | |
| (1,500 | ) | |
| (18,300 | ) |
| Impairment loss on goodwill | |
| - | | |
| - | | |
| (22,677,921 | ) | |
| (22,677,921 | ) |
| Expected credit loss for receivables and other assets | |
| - | | |
| - | | |
| (65,138,293 | ) | |
| (65,138,293 | ) |
| Total operating expenses | |
| (2,778,289 | ) | |
| (7,326,205 | ) | |
| (103,175,421 | ) | |
| (113,279,915 | ) |
| Total other income/(expenses), net | |
| 7,076,175 | | |
| 4,615,303 | | |
| (2,852,294 | ) | |
| 8,839,184 | |
| Segment loss before tax | |
| (959,320 | ) | |
| 3,480,959 | | |
| (102,997,268 | ) | |
| (100,475,629 | ) |
| | |
For the year ended December 31,
2024 | |
| | |
High school | | |
Vocational education | | |
All Other | | |
Consolidated | |
| | |
| | |
| | |
| | |
| |
| Revenues | |
| 3,383,866 | | |
| 25,067,284 | | |
| 4,349,510 | | |
| 32,800,660 | |
| Cost of revenues | |
| (2,899,012 | ) | |
| (22,594,526 | ) | |
| (10,357,567 | ) | |
| (35,851,105 | ) |
| Operating expenses | |
| | | |
| | | |
| | | |
| | |
| General and administrative expenses | |
| (387,098 | ) | |
| (9,278,628 | ) | |
| (13,133,439 | ) | |
| (22,799,165 | ) |
| Selling and marketing expenses | |
| - | | |
| - | | |
| (111,780 | ) | |
| (111,780 | ) |
| Total operating expenses | |
| (387,098 | ) | |
| (9,278,628 | ) | |
| (13,245,219 | ) | |
| (22,910,945 | ) |
| Total other income/(expenses), net | |
| 71,549 | | |
| 3,443,074 | | |
| (2,255,266 | ) | |
| 1,259,357 | |
| Segment income/(loss) before tax | |
| 169,305 | | |
| (3,362,796 | ) | |
| (21,508,542 | ) | |
| (24,702,033 | ) |
| | |
For the year ended December 31,
2025 | |
| | |
High school | | |
Vocational
education | | |
All Other | | |
Consolidated | |
| | |
| | |
| | |
| | |
| |
| Revenues | |
| 3,925,775 | | |
| 22,247,737 | | |
| 4,659,478 | | |
| 30,832,990 | |
| Cost of revenues | |
| (4,049,479 | ) | |
| (28,305,702 | ) | |
| (10,407,899 | ) | |
| (42,763,080 | ) |
| Operating expenses | |
| | | |
| | | |
| | | |
| | |
| General and administrative expenses | |
| (246,788 | ) | |
| (9,224,089 | ) | |
| (13,997,493 | ) | |
| (23,468,370 | ) |
| Selling and marketing expenses | |
| - | | |
| - | | |
| (985,278 | ) | |
| (985,278 | ) |
| Total operating expenses | |
| (246,788 | ) | |
| (9,224,089 | ) | |
| (14,982,771 | ) | |
| (24,453,648 | ) |
| Total other (expenses)/income, net | |
| (26,548 | ) | |
| 2,415,089 | | |
| (87,267,544 | ) | |
| (84,879,003 | ) |
| Segment loss before tax | |
| (397,040 | ) | |
| (12,866,965 | ) | |
| (107,998,736 | ) | |
| (121,262,741 | ) |
|