| Schedule of segment reporting |
| Schedule of segment reporting |
|
|
|
|
|
|
|
|
|
| |
|
For the Year ended December 31, 2024 |
|
| |
|
Perfecular & Lusher |
|
|
Corporate & IoT |
|
|
Total |
|
| Revenue |
|
$ |
26,052 |
|
|
$ |
372,085 |
|
|
$ |
398,137 |
|
| Cost of revenue |
|
|
39,772 |
|
|
|
348,164 |
|
|
|
387,936 |
|
| Gross profit (loss) |
|
|
(13,720 |
) |
|
|
23,921 |
|
|
|
10,201 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| Selling expense |
|
|
24,866 |
|
|
|
75,323 |
|
|
|
100,189 |
|
| Compensation – officers and directors |
|
|
– |
|
|
|
951,845 |
|
|
|
951,845 |
|
| Research and development |
|
|
213,487 |
|
|
|
1,168,450 |
|
|
|
1,381,937 |
|
| Professional fees |
|
|
– |
|
|
|
1,660,590 |
|
|
|
1,660,590 |
|
| General and administrative |
|
|
19,866 |
|
|
|
2,096,025 |
|
|
|
2,115,891 |
|
| Total operating expense |
|
|
258,219 |
|
|
|
5,952,233 |
|
|
|
6,210,452 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from operations |
|
|
(271,939 |
) |
|
|
(5,928,312 |
) |
|
|
(6,200,251 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total other income |
|
|
1,329 |
|
|
|
3,277,047 |
|
|
|
3,278,376 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from discontinued operations, net of tax |
|
|
– |
|
|
|
(278,263 |
) |
|
|
(278,263 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(270,610 |
) |
|
$ |
(2,929,528 |
) |
|
$ |
(3,200,138 |
) |
The following tables summarize the financial information
of each operating segment of the Company for the year ended December 31, 2023:
| |
|
|
|
|
|
|
|
|
|
| |
|
For the Year ended December 31, 2023 |
|
| |
|
Perfecular & Lusher |
|
|
Corporate & IoT |
|
|
Total |
|
| Revenue |
|
$ |
44,147 |
|
|
$ |
396,396 |
|
|
$ |
440,543 |
|
| Cost of revenue |
|
|
36,424 |
|
|
|
344,460 |
|
|
|
380,884 |
|
| Gross profit |
|
|
7,723 |
|
|
|
51,936 |
|
|
|
59,659 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| Selling expense |
|
|
22,407 |
|
|
|
96,355 |
|
|
|
118,762 |
|
| Compensation – officers and directors |
|
|
– |
|
|
|
1,082,775 |
|
|
|
1,082,775 |
|
| Research and development |
|
|
212,037 |
|
|
|
1,112,401 |
|
|
|
1,324,438 |
|
| Professional fees |
|
|
– |
|
|
|
767,606 |
|
|
|
767,606 |
|
| General and administrative |
|
|
17,101 |
|
|
|
1,700,763 |
|
|
|
1,717,864 |
|
| Total operating expense |
|
|
251,545 |
|
|
|
4,759,900 |
|
|
|
5,011,445 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from operations |
|
|
(243,822 |
) |
|
|
(4,707,964 |
) |
|
|
(4,951,786 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total other income |
|
|
4,028 |
|
|
|
237,523 |
|
|
|
241,551 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from discontinued operations, net of tax |
|
|
– |
|
|
|
(7,907 |
) |
|
|
(7,907 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(239,794 |
) |
|
$ |
(4,478,348 |
) |
|
$ |
(4,718,142 |
) |
|