v3.26.1
Note 18 - Segment Reporting
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]
 

18.

Segment reporting

 

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.

 

Six Months Ended June 30, 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

    826       95       114       -       -       -       1,035  

Cost of revenues

    766       77       118       -       -       -       961  

Total operating expense

    (349 )     -       -       -       725       -       376  

Depreciation and amortization expense included in cost of revenues and total operating expenses

    9       -       118       -       6       -       133  

Operating income/(loss)

    409       18       (4 )     -       (725 )     -       (302 )
                                                         

Expenditure for long-term assets

    -       -       -       -       -       -       -  
                                                         

Net income/(loss)

    409       19       3       -       (655 )     -       (224 )
                                                         

Total assets- June 30, 2026

    8,991       96       452       55       34,049       (33,893 )     9,750  

Total assets-December 31, 2025

    8,553       -       516       55       34,324       (33,770 )     9,678  

 

Three Months Ended June 30, 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

    542       57       53       -       -       -       652  

Cost of revenues

    500       46       59       -       -       -       605  

Total operating expense

    (89 )     -       -       -       517       -       428  

Depreciation and amortization expense included in cost of revenues and total operating expenses

    5       -       59       -       2       -       66  

Operating income/(loss)

    130       11       (6 )     -       (516 )     -       (381 )
                                                         

Expenditure for long-term assets

    -       -       -       -       -       -       -  
                                                         

Net income/(loss)

    130       12       (2 )     -       (490 )     -       (350 )

 

 

Six Months Ended June 30, 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

    1,488       97       615       -       -       2,200  

Cost of revenues

    1,362       71       560       -       -       1,993  

Total operating expenses

    302       -       -       1,166       -       1,468  

Depreciation and amortization expense included in cost of revenues and total operating expenses

    12       71       -       8       -       91  

Operating income/(loss)

    (176 )     26       55       (1,166 )     -       (1,261 )
                                                 
                                                 

Net income/(loss)

    (180 )     26       55       (1,068 )     -       (1,167 )
                                                 

Total assets-June 30, 2025

    7,399       636       55       33,860       (32,704 )     9,246  

Total assets-December 31, 2024

    7,627       -       -       34,405       (32,346 )     9,686  

 

 

Three Months Ended June 30, 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

    469       79       -       -       -       548  

Cost of revenues

    443       58       -       -       -       501  

Total operating expenses

    288       -       -       441       -       729  

Depreciation and amortization expense included in cost of revenues and total operating expenses

    5       58       -       6       -       69  

Operating income/(loss)

    (262 )     21       -       (441 )     -       (682 )
                                                 
                                                 

Net income/(loss)

    (262 )     21       -       (396 )     -       (637 )