| SEGMENT INFORMATION |
CODM reviews financial information of operating
segments based on internal management reports when making decisions about allocating resources and assessing the performance of the Group.
As a result of the assessment made by CODM, the Group has four reportable segments for continuing operations, including auto
eInsurance business, technology service and auto service business. The Group’s CODM evaluates performance based on the operating
segment’s revenue and their operating results. The revenue and operating results by segments were as follows:
| | |
For the three months ended March 31, 2025 | |
| | |
Auto
eInsurance
service | | |
Technology
service | | |
Auto
service | | |
Others | | |
Consolidated | |
| Revenues from external customers | |
$ | 45,927 | | |
$ | 10,665 | | |
$ | 46,003 | | |
$ | - | | |
$ | 102,595 | |
| Operating cost and expenses | |
| | | |
| | | |
| | | |
| | | |
| | |
| Integrated service cost | |
| - | | |
| (6,292 | ) | |
| (42,130 | ) | |
| - | | |
| (48,422 | ) |
| Promotional service and selling expenses | |
| (45,464 | ) | |
| (3,775 | ) | |
| (1,549 | ) | |
| - | | |
| (50,788 | ) |
| General and administrative expenses | |
| (1,230 | ) | |
| (1,775 | ) | |
| (1,405 | ) | |
| (1,010 | ) | |
| (5,420 | ) |
| Research and development expenses | |
| (230 | ) | |
| (211 | ) | |
| (482 | ) | |
| - | | |
| (923 | ) |
| Total operating costs and expenses | |
| (46,924 | ) | |
| (12,053 | ) | |
| (45,566 | ) | |
| (1,010 | ) | |
| (105,553 | ) |
| Total other income (expenses), net (1) | |
| 56 | | |
| (73 | ) | |
| (645 | ) | |
| (111 | ) | |
| (773 | ) |
| Segment loss before tax | |
$ | (941 | ) | |
$ | (1,461 | ) | |
$ | (208 | ) | |
$ | (1,121 | ) | |
$ | (3,731 | ) |
| | |
For the three months ended March 31, 2026 | |
| | |
Auto
eInsurance
service | | |
Technology
service | | |
Auto
service | | |
Others | | |
Consolidated | |
| Revenues from external customers | |
$ | 62,337 | | |
$ | 15,283 | | |
$ | 53,548 | | |
$ | - | | |
$ | 131,168 | |
| Operating cost and expenses | |
| | | |
| | | |
| | | |
| | | |
| | |
| Integrated service cost | |
| - | | |
| (12,396 | ) | |
| (52,838 | ) | |
| - | | |
| (65,234 | ) |
| Promotional service and selling expenses | |
| (58,597 | ) | |
| (4 | ) | |
| (1,861 | ) | |
| (19 | ) | |
| (60,481 | ) |
| General and administrative expenses | |
| (1,041 | ) | |
| (210 | ) | |
| 588 | | |
| (612 | ) | |
| (1,275 | ) |
| Research and development expenses | |
| (235 | ) | |
| (407 | ) | |
| (523 | ) | |
| - | | |
| (1,165 | ) |
| Total operating costs and expenses | |
| (59,873 | ) | |
| (13,017 | ) | |
| (54,634 | ) | |
| (631 | ) | |
| (128,155 | ) |
| Total other income (expenses), net (1) | |
| 25 | | |
| (97 | ) | |
| (771 | ) | |
| (162 | ) | |
| (1,005 | ) |
| Segment income (loss) before tax | |
$ | 2,489 | | |
$ | 2,169 | | |
$ | (1,857 | ) | |
$ | (793 | ) | |
$ | 2,008 | |
| (1) | Included net of financial expenses, investment income and others. |
The total assets by segments as of December 31, 2025 and as of March
31, 2026 were as follows:
| | |
As of
December 31, | | |
As of
March 31, | |
| | |
2025 | | |
2026 | |
| | |
(Audited) | | |
(Unaudited) | |
| Segment assets | |
| | |
| |
| Auto eInsurance service | |
$ | 62,550 | | |
$ | 58,917 | |
| Technology service | |
| 35,906 | | |
| 37,255 | |
| Auto service | |
| 151,165 | | |
| 160,401 | |
| Others | |
| 3,575 | | |
| 2,392 | |
| Total segment assets | |
$ | 253,196 | | |
$ | 258,965 | |
|