| CONSOLIDATED SEGMENT DATA |
18.
CONSOLIDATED SEGMENT DATA
Selected
information by segment is presented in the following tables for the six months ended June 30, 2026 and 2025.
SCHEDULE OF SEGMENT REPORTING
| | |
Six Months Ended June
30, 2026 | | |
Six Months Ended June
30, 2025 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Revenues (1) | |
| | | |
| | |
| TIT Segment (1) | |
$ | 63,770 | | |
$ | 17,570 | |
| CBT Segment (1) | |
| 4,333,725 | | |
| 17,585,251 | |
| SE Segment (1) | |
| 7,481,851 | | |
| - | |
| Revenues (1) | |
$ | 11,879,346 | | |
$ | 17,602,821 | |
| (1) |
Revenues
by operating segments exclude intercompany transactions. |
| | |
Six Months Ended
June 30, 2026 | | |
Six Months Ended
June 30, 2025 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Income (loss) from operations | |
| | | |
| | |
| TIT Segment | |
$ | (722 | ) | |
$ | (12,408 | ) |
| CBT Segment | |
| (2,097,859 | ) | |
| (3,603,384 | ) |
| SE Segment | |
| 283,347 | | |
| - | |
| Corporate and others | |
| (412,242 | ) | |
| (568,339 | ) |
| Income (loss) from operations | |
| (412,242 | ) | |
| (568,339 | ) |
| (Loss) from operations | |
| (2,227,476 | ) | |
| (4,184,131 | ) |
| Corporate other income, net | |
| (19,498 | ) | |
| (8,444 | ) |
| Corporate interest income | |
| 147 | | |
| 985 | |
| Corporate interest expense | |
| (233,193 | ) | |
| (467,239 | ) |
| (Loss) from operations | |
| (233,193 | ) | |
| (467,239 | ) |
| Income tax expense | |
| (14,602 | ) | |
| (20,720 | ) |
| Net (Loss) | |
$ | (2,494,622 | ) | |
$ | (4,679,549 | ) |
Depreciation
and amortization by segment for six months ended June 30, 2026 and 2025 are as follows:
| | |
Six Months Ended
June 30, 2026 | | |
Six Months Ended
June 30, 2025 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Depreciation: | |
| | | |
| | |
| TIT Segment | |
$ | - | | |
$ | - | |
| CBT Segment | |
| 713,175 | | |
| 798,369 | |
| SE Segment | |
| 29,238 | | |
| - | |
| Depreciation and amortization | |
$ | 742,413 | | |
$ | 798,369 | |
TAOPING
INC.
NOTES
TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
| | |
Six Months Ended June
30, 2026 | | |
Six Months Ended June
30, 2025 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Provisions for allowance for credit losses on accounts receivable, other receivable and advances to suppliers: | |
| | | |
| | |
| TIT Segment | |
$ | (2,796 | ) | |
$ | (3,536 | ) |
| CBT Segment | |
| 1,173,184 | | |
| 3,996,583 | |
| SE Segment | |
| (93,090 | ) | |
| - | |
| | |
$ | 1,077,298 | | |
$ | 3,993,047 | |
| | |
Six Months Ended June
30, 2026 | | |
Six Months Ended June
30, 2025 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Inventory obsolescence (reversal) provision: | |
| | | |
| | |
| TIT Segment | |
$ | 122 | | |
$ | 116 | |
| CBT Segment | |
| 31,549 | | |
| (5,052 | ) |
| SE Segment | |
| 19 | | |
| - | |
| | |
$ | 31,690 | | |
$ | (4,936 | ) |
Total
assets by segment as of June 30, 2026 and December 31, 2025 are as follows:
| | |
June
30, 2026 | | |
December 31, 2025 | |
| | |
(Unaudited) | | |
| |
| Total assets | |
| | | |
| | |
| TIT Segment | |
$ | 75,118 | | |
$ | 40,950 | |
| CBT Segment | |
| 26,585,291 | | |
| 27,179,664 | |
| SE Segment | |
| 5,837,753 | | |
| 4,755,802 | |
| Corporate and others | |
| 7,353,540 | | |
| 7,471,210 | |
| | |
$ | 39,851,702 | | |
$ | 39,447,626 | |
TAOPING
INC.
NOTES
TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
|