Segment Information

12 Months Ended

Dec. 31, 2022

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE 19 – SEGMENT INFORMATION

For the year ended December 31, 2022 and 2021, the Company operated in two reportable business segments - (1) the real property operating segment, and (2) the medical related consulting services segment. The Company’s reportable segments are strategic business units that offer different services and products. They are managed separately based on the fundamental differences in their operations.

Due to the winding down of the medical related consulting services segment in 2022, the Company decided to cease all operations of this segment and no longer has any material revenues or expenses in this segment. As a result, commencing from the first quarter of 2023, the Company’s chief operating decision maker no longer reviews medical related consulting services operating results.

Information with respect to these reportable business segments for the years ended December 31, 2022 and 2021 was as follows:

	Years Ended December 31,
	2022			2021
Revenues
Real property operations	$	1,202,169		$	1,203,560
Medical related consulting services		-			187,412
Total		1,202,169			1,390,972
Costs and expenses
Real property operations		929,441			829,287
Medical related consulting services		-			147,167
Total		929,441			976,454
Gross profit
Real property operations		272,728			374,273
Medical related consulting services		-			40,245
Total		272,728			414,518
Other operating expenses
Real property operations		352,032			381,266
Medical related consulting services		404,121			469,942
Corporate/Other		8,309,470			8,397,140
Total		9,065,623			9,248,348
Other (expense) income
Interest expense
Corporate/Other		(3,576,333	)		(200,477	)
Total		(3,576,333	)		(200,477	)
Other income (expense)
Real property operations		15			115
Medical related consulting services		178,546			(61,494	)
Corporate/Other		259,820			5,187
Total		438,381			(56,192	)
Total other expense, net		(3,137,952	)		(256,669	)
Net loss
Real property operations		79,289			6,878
Medical related consulting services		225,575			491,191
Corporate/Other		11,625,983			8,592,430
Total	$	11,930,847		$	9,090,499

Identifiable long-lived tangible assets at December 31, 2022 and 2021	December 31, 2022		December 31, 2021
Real property operations	$	7,367,360	$	7,537,281
Medical related consulting services		408		742
Corporate/Other		130,613		352,294
Total	$	7,498,381	$	7,890,317

Identifiable long-lived tangible assets at December 31, 2022 and 2021	December 31, 2022		December 31, 2021
United States	$	7,393,307	$	7,583,880
China		105,074		306,437
Total	$	7,498,381	$	7,890,317