| SEGMENT REPORTING |
NOTE
3 – SEGMENT REPORTING
By
assessing the qualitative and quantitative criteria established by ASC Topic 280, “Segment Reporting”, the Company
considers itself to be operating in two reportable segments which comprise of marketing services and social commerce. The Company defines
its segments as those operations whose results the CODM regularly reviews to analyze performance and allocate resources.
The
marketing services operating segment reflects the Company’s business of marketing services from clients and social media platforms.
The social commerce operating segment reflects the Company’s business of social commerce from customers.
The
following tables present the results of operations and the financial position of the Company’s operating segments as of and during
the six months ended June 30, 2026 and 2025:
Results
of Operations
For
the six months ended June 30, 2026
SCHEDULE
OF SEGMENT REPORTING
| | |
Marketing
services | | |
Social
commerce | | |
Corporate and
others | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Revenues, net | |
$ | 3,357,924 | | |
$ | — | | |
$ | — | | |
$ | 3,357,924 | |
| Cost of revenues | |
| (2,365,517 | ) | |
| — | | |
| — | | |
| (2,365,517 | ) |
| Marketing expenses | |
| (5,096 | ) | |
| — | | |
| — | | |
| (5,096 | ) |
| General and administrative expenses | |
| (755,207 | ) | |
| — | | |
| (376,395 | ) | |
| (1,131,602 | ) |
| Total other (expenses) incomes, net | |
| (9,833 | ) | |
| — | | |
| (100,089 | ) | |
| (109,922 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Provision for income taxes | |
| — | | |
| — | | |
| — | | |
| — | |
| | |
| | | |
| | | |
| | | |
| | |
| Net Income (loss) | |
$ | 222,271 | | |
$ | — | | |
$ | (476,484 | ) | |
$ | (254,213 | ) |
Financial
Position
As
of June 30, 2026
| | |
Marketing
services | | |
Social
commerce | | |
Corporate and
others | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Current assets | |
| 1,820,856 | | |
| — | | |
| 5,580,772 | | |
| 7,403,428 | |
| Non-current assets | |
| 203,829 | | |
| — | | |
| 1,423,274 | | |
| 1,627,103 | |
| Total assets | |
| 2,024,685 | | |
| — | | |
| 7,004,046 | | |
| 9,030,531 | |
| | |
| | | |
| | | |
| | | |
| | |
| Current liabilities | |
| (2,379,034 | ) | |
| — | | |
| (2,628,507 | ) | |
| (5,007,541 | ) |
| Non-current liabilities | |
| (123,697 | ) | |
| — | | |
| — | | |
| (123,697 | ) |
| Total liabilities | |
| (2,502,731 | ) | |
| — | | |
| (2,628,507 | ) | |
| (5,131,238 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net (liabilities) assets | |
| (478,046 | ) | |
| — | | |
| 4,375,539 | | |
| 3,899,293 | |
Results
of Operations
For
the six months ended June 30, 2025
| | |
Marketing
services | | |
Social
commerce | | |
Corporate and
others | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Revenues, net | |
| 3,259,037 | | |
| — | | |
| — | | |
| 3,259,037 | |
| Cost of revenues | |
| (2,374,817 | ) | |
| — | | |
| — | | |
| (2,374,817 | ) |
| Marketing expenses | |
| (87,390 | ) | |
| — | | |
| (869,947 | ) | |
| (957,337 | ) |
| General and administrative expenses | |
| (985,957 | ) | |
| — | | |
| (3,155,801 | ) | |
| (4,141,758 | ) |
| Total other expenses, net | |
| (57,418 | ) | |
| — | | |
| (172,226 | ) | |
| (229,644 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Provision for income taxes | |
| — | | |
| — | | |
| — | | |
| — | |
| | |
| | | |
| | | |
| | | |
| | |
| Net Income (loss) | |
| (246,545 | ) | |
| — | | |
| (4,197,974 | ) | |
| (4,444,519 | ) |
Financial
Position
As
of December 31, 2025
| | |
Marketing
services | | |
Social
commerce | | |
Corporate and
others | | |
Total | |
| | |
| | |
| | |
| | |
| |
| Current assets | |
| 2,003,979 | | |
| — | | |
| 5,384,156 | | |
| 7,388,135 | |
| Non-current assets | |
| 231,429 | | |
| — | | |
| 1,713,140 | | |
| 1,944,569 | |
| Total assets | |
| 2,235,408 | | |
| — | | |
| 7,097,296 | | |
| 9,332,704 | |
| | |
| | | |
| | | |
| | | |
| | |
| Current liabilities | |
| (2,800,558 | ) | |
| — | | |
| (2,239,183 | ) | |
| (5,039,741 | ) |
| Non-current liabilities | |
| (155,567 | ) | |
| — | | |
| — | | |
| (155,567 | ) |
| Total liabilities | |
| (2,956,125 | ) | |
| — | | |
| (2,239,183 | ) | |
| (5,195,308 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net assets | |
| (720,717 | ) | |
| — | | |
| 4,858,113 | | |
| 4,137,396 | |
Geographical
information
SCHEDULE OF REVENUE FROM EXTERNAL CUSTOMERS
| Revenue from customers: | |
2026 | | |
2025 | |
| | |
Six months ended June 30 | |
| Revenue from customers: | |
2026 | | |
2025 | |
| HK SAR | |
$ | 1,039,919 | | |
$ | 1,730,032 | |
| Taiwan | |
| 2,208,184 | | |
| 1,529,005 | |
| Macau | |
| 109,821 | | |
| — | |
| Total | |
$ | 3,357,924 | | |
$ | 3,259,037 | |
The
revenue information above is based on the locations where the revenue originated.
Substantially
all of the Company’s operating activities, including management, sales and marketing operations, are primarily conducted in Hong
Kong SAR. As of June 30, 2026, the Company’s long-lived assets (property and equipment, right-of-use assets and intangible assets)
by geographic location are: Taiwan $203,483; Hong Kong SAR $346; Total $203,829. Long-lived assets are physically concentrated in Taiwan,
whereas primary business-management operations are based in Hong Kong SAR.
|