Segment and Revenue Analysis

12 Months Ended

Dec. 31, 2023

Segment and Revenue Analysis [Abstract]

Segment and revenue analysis

Note 16 – Segment and revenue analysis

The Company operates in a single operating segment that includes the selling of bitcoin mining machines and related accessories, telecommunication products, providing cryptocurrency exchange services, management and maintenance services and cross-border payment and foreign exchange services.  

The following table summarizes the revenue generated from different revenue streams:

	For the year ended December 31,		For the year ended December 31,		For the year ended December 31,
	2023		2022		2021
Revenue
Product sale - Bitcoin mining machines and related accessories	$	265,984	$	25,800,263	$	39,756,156
Product sale - Telecommunication equipment		516,365		3,736,961		8,566,866
Service – Cryptocurrency exchange services		1,044,087		105,686		-
Service - Management and maintenance services		391,644		86,344		3,127,225
Service - Cross-border payment and foreign exchange services		2,637,101		2,598,865		-
	$	4,855,181	$	32,328,119	$	51,450,247

The following table summarizes the revenues generated from different geographic region:

	For the year ended December 31,		For the year ended December 31,		For the year ended December 31,
	2023		2022		2021
Geographic region
Mainland China	$	1,173,993	$	29,623,568	$	51,432,545
Australia		3,681,188		2,704,551		-
Other countries and regions		-		-		17,702
	$	4,855,181	$	32,328,119	$	51,450,247

Selected assets of property, plant and equipment, right-of- use assets, intangible assets and goodwill by geographical region within the operating segment is as follows:

	As of December 31,		As of December 31,
	2023		2022
Geographic region
Mainland China	$	36,135,935	$	38,070,043
Hong Kong		239,608		90,949
Australia		3,912,446		10,955,261
Others foreign countries and regions		1,343,581		2,486,139
	$	41,631,570	$	51,602,392