Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA (Tables)

v3.21.2
SEGMENT DATA (Tables)
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
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, 2021 and 2020:

 

    For the Three Months Ended September 30, 2021     For the Nine Months Ended September 30, 2021  
    Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL     Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL  
Revenues   $ 2,603,757     $ 1,401     $ -     $ 2,605,158     $ 3,210,405     $ 10,152     $ -     $ 3,220,557  
Revenues from Foreign Operations   $ 2,603,757     $ -     $ -     $ 2,603,757     $ 3,210,405     $ -     $ -     $ 3,210,405  

Income (Loss) from Operations

  $ 2,107,400     $ (311,853 )   $ (908,324 )   $ 887,223     $ 1,856,015     $ (685,744 )   $ (2,973,978 )   $ (1,803,707 )

 

  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 )

 

The following tables present segment information for September 30, 2021 and December 31, 2020:

 

    As of September 30, 2021     As of December 31, 2020  
    Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL     Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL  

Total Property and Equipment, net

  $ 3,392,127     $ 4,350     $ 473     $ 3,396,950     $ 2,855,444     $ 4,538     $ 240     $ 2,860,222  
Total Property and Equipment, net in Foreign Countries   $ 3,392,127     $ -     $ -     $ 3,392,127     $ 2,855,444     $ -     $ -     $ 2,855,444  
Total Assets   $ 11,889,707     $ 2,219,086     $ 3,505,100     $ 17,613,893     $ 5,064,401     $ 238,491     $ 667,644     $ 5,970,536  

 

(1) Unallocated corporate operating losses resulting from general corporate overhead expenses not directly attributable to any one of the business segments.