| Schedule of Segment Information |
The Company has recast
its financial information and disclosures for the prior period to reflect the segment disclosures as if the current presentation
had been in effect throughout all periods presented. The following tables present segment information for the three and nine months
ended September 30, 2020 and 2019:
| |
|
For the Three Months Ended September 30, 2020 |
|
|
For the Nine Months Ended September 30, 2020 |
|
| |
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
| Revenues |
|
$ |
60,228 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
60,228 |
|
|
$ |
473,797 |
|
|
$ |
749 |
|
|
$ |
- |
|
|
$ |
474,546 |
|
| Revenues from Foreign Operations |
|
$ |
60,228 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
60,228 |
|
|
$ |
473,797 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
473,797 |
|
| Loss from Operations |
|
$ |
(48,463 |
) |
|
$ |
(154,612 |
) |
|
$ |
(804,012 |
) |
|
$ |
(1,007,087 |
) |
|
$ |
(894,842 |
) |
|
$ |
(723,921 |
) |
|
$ |
(2,089,407 |
) |
|
$ |
(3,708,170 |
) |
| |
|
For the Three Months Ended September 30, 2019 |
|
|
For the Nine Months Ended September 30, 2019 |
|
| |
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
| Revenues |
|
$ |
231,231 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
231,231 |
|
|
$ |
940,459 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
940,459 |
|
| Revenues from Foreign Operations |
|
$ |
231,231 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
231,231 |
|
|
$ |
940,459 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
940,459 |
|
| Loss from Operations |
|
$ |
(361,267 |
) |
|
$ |
(180,414 |
) |
|
$ |
(928,968 |
) |
|
$ |
(1,470,649 |
) |
|
$ |
(951,975 |
) |
|
$ |
(695,275 |
) |
|
$ |
(3,022,679 |
) |
|
$ |
(4,669,929 |
) |
(1) Unallocated corporate
operating losses resulting from general corporate overhead expenses not directly attributable to any one of the business segments.
|
The Company has recast its
financial information and disclosures for the prior period to reflect the segment disclosures as if the current presentation had
been in effect throughout all periods presented. The following tables present segment information for the year ended December 31,
2019 and 2018:
| |
|
For the Year ended December 31, 2019 |
|
|
For the Year ended December 31, 2018 |
|
| |
|
Real Estate Development |
|
|
Fashion
(e-commerce)
|
|
|
Corporate(1) |
|
|
TOTAL |
|
|
Real Estate Development |
|
|
Fashion
(e-commerce)
|
|
|
Corporate(1) |
|
|
TOTAL |
|
| Revenues |
|
$ |
1,272,772 |
|
|
$ |
11,665 |
|
|
$ |
- |
|
|
$ |
1,284,437 |
|
|
$ |
3,099,608 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,099,608 |
|
| Revenues from Foreign Operations |
|
$ |
1,272,772 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,272,772 |
|
|
$ |
3,099,608 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,099,608 |
|
|
Depreciation and
Amortization
|
|
$ |
146,398 |
|
|
$ |
1,901 |
|
|
$ |
48,139 |
|
|
$ |
196,438 |
|
|
$ |
133,251 |
|
|
$ |
- |
|
|
$ |
38,498 |
|
|
$ |
171,749 |
|
|
Loss from
Operations
|
|
$ |
(1,469,438 |
) |
|
$ |
(1,230,285 |
) |
|
$ |
(3,998,411 |
) |
|
$ |
(6,698,134 |
) |
|
$ |
349,252 |
|
|
$ |
(767,006 |
) |
|
$ |
(4,837,027 |
) |
|
$ |
(5,254,781 |
) |
| Interest Expense, net |
|
$ |
192,060 |
|
|
$ |
47,034 |
|
|
$ |
121,319 |
|
|
$ |
360,413 |
|
|
$ |
252,898 |
|
|
$ |
18,786 |
|
|
$ |
339,613 |
|
|
$ |
611,297 |
|
| Net Loss |
|
$ |
(1,559,766 |
) |
|
$ |
(1,277,319 |
) |
|
$ |
(4,119,730 |
) |
|
$ |
(6,956,815 |
) |
|
$ |
284,014 |
|
|
$ |
(785,792 |
) |
|
$ |
(5,176,640 |
) |
|
$ |
(5,678,418 |
) |
| Capital Expenditures |
|
$ |
129,325 |
|
|
$ |
9,946 |
|
|
$ |
- |
|
|
$ |
139,271 |
|
|
$ |
237,222 |
|
|
$ |
- |
|
|
$ |
54,991 |
|
|
$ |
292,213 |
|
| Total Property and Equipment, net |
|
$ |
2,866,861 |
|
|
$ |
8,044 |
|
|
$ |
39,810 |
|
|
$ |
2,914,715 |
|
|
$ |
2,884,415 |
|
|
$ |
- |
|
|
$ |
87,949 |
|
|
$ |
2,972,364 |
|
| Total Property and Equipment, net in Foreign Countries |
|
$ |
2,866,861 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,866,861 |
|
|
$ |
2,884,415 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,884,415 |
|
| Total Assets |
|
$ |
5,020,788 |
|
|
$ |
286,658 |
|
|
$ |
612,914 |
|
|
$ |
5,920,360 |
|
|
$ |
5,132,705 |
|
|
$ |
18,921 |
|
|
$ |
495,865 |
|
|
$ |
5,647,491 |
|
| |
(1) |
- Unallocated corporate assets not directly attributable to any one of the business segments. |
|