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Segments and Geographic Areas
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Segments and Geographic Areas

Note 21. Segments and Geographic Areas

 

The Company’s chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company.   

We operate our business in two operating segments: Legacy YOD and Wecast Service. Segment disclosures are on a performance basis consistent with internal management reporting. The Company does not allocate expenses below segment gross profit since these segments share the same executive team, office space, occupancy expenses, information technology infrastructures, human resources and finance department.

 

Information about segments during the periods presented were as follows:

 

    2018     2017  
NET SALES TO EXTERNAL CUSTOMERS                
-Legacy YOD   $ -     $ 794,273  
-Wecast Service     377,742,872       143,558,567  
Net sales     377,742,872       144,352,840  
GROSS PROFIT                
-Legacy YOD     -       31,659  
-Wecast Service     3,167,834     7,132,788  
Gross profit   $ 3,167,834   $ 7,164,447  

 

    December 31,     December 31,  
    2018     2017  
TOTAL ASSETS                
-Legacy YOD   $ 26,442,810     $ 27,141,163  
-Wecast Service     51,592,929       30,084,607  
-Unallocated assets     16,199,373       11,270,378  
-Intersegment elimination     -       (5,051,660 )
Total   $ 94,235,112     $ 63,444,488