| 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 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. |
|