v3.26.1
SEGMENT REPORTING
3 Months Ended
Mar. 31, 2026
SEGMENT REPORTING  
SEGMENT REPORTING

NOTE 16 — SEGMENT REPORTING

The Company’s chief operating decision maker has been identified as the Chief Executive Officer (“CEO”), who reviews financial information of operating segments based on U.S. GAAP amounts when making decisions about allocating resources and assessing performance of the Company.

The Company determined that it operated in one operating segment of logistics and warehousing services, including the freight forwarding services provided by Edward and the general labor and logistics services provided by TWEW.

The Company primarily operates in the U.S. and substantially all of the Company’s long-lived assets are located in the U.S.

For the Three Months Ended

March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

Revenues

$

92,700

$

479,799

Less:

 

 

Cost of revenues

 

72,833

 

423,543

Staff cost

 

238,284

 

314,192

Impairment loss expenses

Share-based compensation expenses

 

14,182

 

16,185

Lease expense

 

179,849

 

208,129

Depreciation and amortization expenses

 

33,393

 

37,953

Interest expenses

 

7,700

 

8,812

Income tax expenses (credit)

 

4,400

 

5,355

Other segment items*

 

158,324

 

219,539

Segment net loss

 

(616,265)

 

(753,909)

Consolidated loss

$

(616,265)

$

(753,909)

Consolidated total assets

$

50,995,045

$

11,858,464

*

Other segment items include remaining general and administration expenses, and other income.