Note 21 - Segment Reporting

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

21. 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.

Three Months Ended

March 31, 2021 (

Unaudited)

	Internet Ad and related services			Ecommerce O2O Ad and marketing services			Blockchain technology			Corporate			Inter- segment and reconciling item			Total
	US$(‘000)			US$(‘000)			US$(‘000)			US$(‘000)			US$(‘000)			US$(‘000)
Revenues		8,267			129			-			-			-			8,396
Cost of revenues		8,738			375			-			-			-			9,113
Total operating expenses		383			203			1			511	(1)		-			1,098
Depreciation and amortization expense included in total operating expenses		35			75			1			1			-			112
Operating loss		(854	)		(449	)		(1	)		(511	)		-			(1,815	)
Change in fair value of warrant liabilities		-			-			-			2,507			-			2,507
Net (loss)/income		(954	)		(449	)		(1	)		2,091						687
Expenditure for long-term assets		1,160			-			-			-			-			1,160
Total assets-March 31, 2021		11,186			5,192			4,405			43,034			(25,190	)		38,627
Total assets-December 31, 2020		8,310			3,206			4,409			27,766			(23,024	)		20,667

( 1 ) Including approximately US$0.10 million share-based compensation expenses.

Three Months Ended

March 31, 2020 (

Unaudited)

	Internet Ad. and related services			Ecommerce O2O Ad and marketing services		Blockchain technology			Corporate			Inter- segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)
Revenues		3,236			503		-			645			-		4,384
Cost of revenues		3,110			375		-			-			-		3,485
Total operating expenses		1,022			4		1			2,148	(1)		-		3,175
Depreciation and amortization expense included in total operating expenses		206			-		-			1			-		207
Operating (loss)/income		(896	)		124		(1	)		(1,503	)		-		(2,276	)
Change in fair value of warrant liabilities		-			-		-			46			-		46
Net (loss)/income		(893	)		103		(1	)		(1,519	)		-		(2,310	)
Expenditure for long-term assets		-			-		302			-			-		302

( 1 ) Including approximately US$1.92 million share-based compensation expenses.