8 Segments (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Reportable Segments

				CMG Holding
	XA			Group			Total
Revenues		159,614			—			159,614
Cost of Revenues		129,493			—			129,493
Gross Profit		30,121			—			30,121
Operating expenses		78,711			71,302			150,013
Operating income (loss)		(48590	)		(71,302	)		(119,892	)
Other income (expenses)		-			22,675			22,675
Net income(loss)		(48,590	)		(48,627	)		97,217

The Company splits its business activities during the year ended December 31, 2021 into three reportable segments. Each segment represents an entity of which are included in the consolidation. The table below represents the operations results for each segment or entity, for the period ended March 31, 2022.

			CMG Holding
	XA		Group			Total
Revenues		407,929		-			407,929
Cost of revenues		273,122		-			273,122
Gross profit		134,807		-			134,807
Operating expenses		72,839		74,772			147,611
Operating income (loss)		61,968		(74,772	)		(12,804	)
Other income (expenses)		-		(7,158	)		(7,158	)
Net income(loss)		61,968		(81,930	)		(19,962	)