| Segment Reporting |
Note 5 - Segment Reporting The Company operates through three reportable segments: | · | Honey straw manufacturing | | · | Pharmaceutical and dietary supplements manufacturing | | · | Building and construction services |
These segments are determined based on the information regularly reviewed by the Company’s Chief Operating Decision Maker (“CODM”), identified as the Chief Executive Officer, for purposes of allocating resources and assessing performance. The CODM evaluates segment performance primarily based on revenue and segment gross profit. Segment gross profit represents revenue less cost of revenue and direct operating expenses. The Company’s segments utilize certain centralized functions, including procurement, administrative support, and quality control; however, financial performance is assessed separately for each reportable segment. Business Segments | | Honey Straw Manufacturing | | | Pharmaceutical and Dietary Supplement Manufacturing | | | Building and construction Services | | 6-month Period Ended June 30 | | 2025 | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | 2026 | | Revenue | | $ | 955,279 | | | $ | 914,850 | | | $ | 959,894 | | | $ | 898,910 | | | $ | 3,516,999 | | | $ | 3,821,955 | | Cost and Expenses | | $ | (1,053,168 | ) | | $ | (1,134,560 | ) | | $ | (697,805 | ) | | $ | (934,267 | ) | | $ | (2,800,955 | ) | | $ | (3,889,065 | ) | Profit / Loss | | $ | (97,889 | ) | | $ | (219,710 | ) | | $ | 262,089 | | | $ | (35,357 | ) | | $ | 716,044 | | | $ | (67,110 | ) | | 3-month Period Ended June 30 | | 2025 | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | 2026 | | Revenue | | $ | 487,204 | | | $ | 447,000 | | | $ | 563,011 | | | $ | 450,611 | | | | 1,980,260 | | | $ | 2,004,987 | | Cost and Expenses | | $ | (335,490 | ) | | $ | (404,850 | ) | | $ | (387,892 | ) | | $ | (408,268 | ) | | $ | (1,364,302 | ) | | $ | (1,815,781 | ) | Profit / Loss | | $ | 151,714 | | | $ | 42,150 | | | $ | 175,119 | | | $ | 42,343 | | | $ | 615,958 | | | $ | 189,206 | |
The significant expense categories are regularly provided to the CODM and included in the measure of segment profit on the Cost of Material and Labor. However, the General and Administrative Expenses, which consist of expenses not distinctively separable are allocated based on estimates shown above. RECONSOLIDATED SEGMENTED STATEMENT OF OPERATIONS | | 6-month Period Ended June 30 | | | 3-month Period Ended June 30 | | | | 2025 | | | 2026 | | | 2025 | | | 2026 | | | | US$ | | | US$ | | | US$ | | | US$ | | Revenue | | | | | | | | | | | | | Honey Straw Manufacturing | | | 955,279 | | | | 914,850 | | | | 487,204 | | | | 447,000 | | Pharmaceutical and Dietary Supplements Manufacturing | | | 959,894 | | | | 898,910 | | | | 563,011 | | | | 450,611 | | Building and Construction Services | | | 3,516,999 | | | | 3,821,955 | | | | 1,980,260 | | | | 2,004,987 | | Total Revenue | | | 5,432,172 | | | | 5,635,715 | | | | 3,030,475 | | | | 2,902,598 | | | | | | | | | | | | | | | Cost of Revenue | | | | | | | | | | | | | Honey Straw Manufacturing | | | (409,676 | ) | | | (507,510 | ) | | | (162,059 | ) | | | (208,101 | ) | Pharmaceutical and Dietary Supplements Manufacturing | | | (410,143 | ) | | | (498,755 | ) | | | (187,373 | ) | | | (209,859 | ) | Building and Construction Services | | | (1,510,538 | ) | | | (2,120,725 | ) | | | (659,030 | ) | | | (933,349 | ) | Total Cost of Revenue | | | (2,330,357 | ) | | | (3,126,990 | ) | | | (1,008,462 | ) | | | (1,351,309 | ) | | | | | | | | | | | | | | Gross profit / loss | | | 3,101,815 | | | | 2,508,725 | | | | 2,022,013 | | | | 1,551,289 | | | | | | | | | | | | | | | | | Operating Expenses | | | | | | | | | | | | | | | General and administrative expenses | | | (2,221,571 | ) | | | (2,830,902 | ) | | | (1,079,222 | ) | | | (1,277,590 | ) | Profit/Loss Before Income Tax | | | 880,244 | | | | (322,177 | ) | | | 942,791 | | | | 273,699 | | Income tax expenses | | | - | | | | - | | | | - | | | | - | | Net Profit/Loss | | | 880,244 | | | | (322,177 | ) | | | 942,791 | | | | 273,699 | |
The Company’s total revenue by business activity is as follows: | | Period Ended June 30, 2025 | | | Period Ended June 30, 2026 | | Honey Straw Manufacturing | | | 18 | % | | | 16 | % | Pharmaceutical and Dietary Supplements Manufacturing | | | 18 | % | | | 16 | % | Building and Construction Services | | | 64 | % | | | 68 | % |
|