Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2022 |
Jun. 30, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
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Total revenue, net | $ 420,887 | $ 852,768 | $ 839,565 | $ 1,550,926 |
Operating costs and expenses | ||||
Cost of goods sold | 153,998 | 25,021 | 278,522 | 160,680 |
Hotel operating costs | 418,100 | 929,719 | ||
Selling | 200,032 | 40,687 | 389,618 | 93,881 |
General and administrative | 274,675 | 225,671 | 519,471 | 419,921 |
Provision for bad debts | 20,435 | 47,857 | ||
Stock-based compensation | 92,885 | 92,885 | 185,770 | 185,770 |
Total operating costs and expenses | 1,160,125 | 384,264 | 2,350,957 | 860,252 |
(Loss) income from operations | (739,238) | 468,504 | (1,511,392) | 690,674 |
Non-operating income (expenses) | ||||
Interest income | 1,284 | 1,271 | 2,612 | 2,489 |
Other income | 10,221 | 1 | 29,655 | 161 |
Other expenses | (63) | (5,039) | (260) | (6,885) |
Total non-operating income (expenses), net | 11,442 | (3,767) | 32,007 | (4,235) |
(Loss) income before income tax | (727,796) | 464,737 | (1,479,385) | 686,439 |
Income tax expense | 473 | 218,052 | 965 | 218,052 |
Net (loss) income | (728,269) | 246,685 | (1,480,350) | 468,387 |
Other comprehensive items | ||||
Foreign currency translation gain (loss) | (44,948) | 109,733 | (13,084) | 77,124 |
Comprehensive (loss) income | $ (773,217) | $ 356,418 | $ (1,493,434) | $ 545,511 |
(Loss) income per share - basic and diluted | $ (0.015) | $ 0.005 | $ (0.030) | $ 0.009 |
Weighted average shares outstanding | 49,999,891 | 49,999,891 | 49,999,891 | 49,999,891 |
Product [Member] | ||||
Total revenue, net | $ 210,636 | $ 49,951 | $ 385,628 | $ 253,245 |
Advertising [Member] | ||||
Total revenue, net | 802,817 | 1,297,681 | ||
Room Revenue [Member] | ||||
Total revenue, net | 63,723 | 94,716 | ||
Food And Beverage Revenues [Member] | ||||
Total revenue, net | 111,725 | 292,519 | ||
Other [Member] | ||||
Total revenue, net | $ 34,803 | $ 66,702 |
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- Definition Cost of goods and service sold. No definition available.
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- Definition Hotel operating costs. No definition available.
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- Definition Reversal of provision for bad debts. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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