|
The Company follows ASC Topic 280 “Segment Reporting”, which requires that companies disclose segment data based on how management makes decisions about allocating resources to segments and evaluating their performance. Reportable operating segments include components of an entity about which separate financial information is available and which operating results are regularly reviewed by the chief operating decision maker (“CODM”), the Company’s Chief Executive Officer, to make decisions about resources to be allocated to the segment and assess each operating segment’s performance.
Three Months Ended March 31, 2026 (Unaudited)
| |
|
Internet Ad
and related service
|
|
|
AI Services
|
|
|
IP Services
|
|
|
Blockchain technology
|
|
|
Corporate
|
|
|
Inter-segment and reconciling item
|
|
|
Total
|
|
| |
|
US$
(‘000)
|
|
|
|
|
|
|
US$
(‘000)
|
|
|
US$
(‘000)
|
|
|
US$
(‘000)
|
|
|
US$
(‘000)
|
|
|
US$
(‘000)
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
284 |
|
|
|
38 |
|
|
|
61 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
383 |
|
|
Cost of revenues
|
|
|
266 |
|
|
|
31 |
|
|
|
59 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
356 |
|
|
Total operating expense
|
|
|
(261 |
) |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
209 |
|
|
|
- |
|
|
|
(52 |
) |
|
Depreciation and amortization expense included in cost of revenues and total operating expenses
|
|
|
3 |
|
|
|
- |
|
|
|
59 |
|
|
|
- |
|
|
|
4 |
|
|
|
- |
|
|
|
66 |
|
|
Operating income/(loss)
|
|
|
279 |
|
|
|
7 |
|
|
|
2 |
|
|
|
- |
|
|
|
(209 |
) |
|
|
- |
|
|
|
79 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenditure for long-term assets
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss)
|
|
|
279 |
|
|
|
7 |
|
|
|
5 |
|
|
|
- |
|
|
|
(165 |
) |
|
|
- |
|
|
|
126 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets-March 31, 2026
|
|
|
8,663 |
|
|
|
38 |
|
|
|
458 |
|
|
|
55 |
|
|
|
34,021 |
|
|
|
(33,772 |
) |
|
|
9,463 |
|
|
Total assets-December 31, 2025
|
|
|
8,553 |
|
|
|
- |
|
|
|
516 |
|
|
|
55 |
|
|
|
34,324 |
|
|
|
(33,770 |
) |
|
|
9,678 |
|
Three Months Ended March 31, 2025 (Unaudited)
| |
|
Internet Ad
and related service
|
|
|
IP Services
|
|
|
Blockchain technology
|
|
|
Corporate
|
|
|
Inter-segment and reconciling item
|
|
|
Total
|
|
| |
|
US$
(‘000)
|
|
|
US$
(‘000)
|
|
|
US$
(‘000)
|
|
|
US$
(‘000)
|
|
|
US$
(‘000)
|
|
|
US$
(‘000)
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
1,019 |
|
|
|
18 |
|
|
|
615 |
|
|
|
- |
|
|
|
- |
|
|
|
1,652 |
|
|
Cost of revenues
|
|
|
919 |
|
|
|
13 |
|
|
|
560 |
|
|
|
- |
|
|
|
- |
|
|
|
1,492 |
|
|
Total operating expenses
|
|
|
14 |
|
|
|
- |
|
|
|
- |
|
|
|
725 |
|
|
|
- |
|
|
|
739 |
|
|
Depreciation and amortization expense included in cost of revenues and total operating expenses
|
|
|
7 |
|
|
|
13 |
|
|
|
- |
|
|
|
3 |
|
|
|
- |
|
|
|
23 |
|
|
Operating income/(loss)
|
|
|
86 |
|
|
|
5 |
|
|
|
55 |
|
|
|
(725 |
) |
|
|
- |
|
|
|
(579 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenditure for long-term assets
|
|
|
- |
|
|
|
600 |
|
|
|
- |
|
|
|
37 |
|
|
|
- |
|
|
|
637 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss)
|
|
|
83 |
|
|
|
4 |
|
|
|
55 |
|
|
|
(672 |
) |
|
|
- |
|
|
|
(530 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets-March 31, 2025
|
|
|
8,184 |
|
|
|
712 |
|
|
|
205 |
|
|
|
33,793 |
|
|
|
(33,353 |
) |
|
|
9,541 |
|
|
Total assets-December 31, 2024
|
|
|
7,627 |
|
|
|
- |
|
|
|
- |
|
|
|
34,405 |
|
|
|
(32,346 |
) |
|
|
9,686 |
|
|