| SEGMENT INFORMATION |
NOTE
12 – SEGMENT INFORMATION
For
the three months ended March 31, 2022 and 2021, the Company operated in two reportable business segments - (1) the real property
operating segment, and (2) the medical related consulting services segment.
The
Company’s reportable segments are strategic business units that offer different services and products. They are managed separately
based on the fundamental differences in their operations. Information with respect to these reportable business segments for the three
months ended March 31, 2022 and 2021 was as follows:
| |
|
Three Months Ended
March 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Revenues |
|
|
|
|
|
|
| Real property operations |
|
$ |
297,631 |
|
|
$ |
289,774 |
|
| Total |
|
|
297,631 |
|
|
|
289,774 |
|
| Costs and expenses |
|
|
|
|
|
|
|
|
| Real property operations |
|
|
218,448 |
|
|
|
216,894 |
|
| Total |
|
|
218,448 |
|
|
|
216,894 |
|
| Gross profit |
|
|
|
|
|
|
|
|
| Real property operations |
|
|
79,183 |
|
|
|
72,880 |
|
| Total |
|
|
79,183 |
|
|
|
72,880 |
|
| Other operating expenses |
|
|
|
|
|
|
|
|
| Real property operations |
|
|
107,053 |
|
|
|
101,423 |
|
| Medical related consulting services |
|
|
87,115 |
|
|
|
161,553 |
|
| Corporate/Other |
|
|
2,011,957 |
|
|
|
2,113,492 |
|
| Total |
|
|
2,206,125 |
|
|
|
2,376,468 |
|
| Other (expense) income |
|
|
|
|
|
|
|
|
| Interest expense |
|
|
|
|
|
|
|
|
| Corporate/Other |
|
|
(39,686 |
) |
|
|
(45,149 |
) |
| Total |
|
|
(39,686 |
) |
|
|
(45,149 |
) |
| Other income (expense) |
|
|
|
|
|
|
|
|
| Real property operations |
|
|
4 |
|
|
|
104 |
|
| Medical related consulting services |
|
|
96,086 |
|
|
|
(18,486 |
) |
| Corporate/Other |
|
|
- |
|
|
|
1 |
|
| Total |
|
|
96,090 |
|
|
|
(18,381 |
) |
| Total other income (expense), net |
|
|
56,404 |
|
|
|
(63,530 |
) |
| Net (loss) income |
|
|
|
|
|
|
|
|
| Real property operations |
|
|
(27,866 |
) |
|
|
(28,439 |
) |
| Medical related consulting services |
|
|
8,971 |
|
|
|
(180,039 |
) |
| Corporate/Other |
|
|
(2,051,643 |
) |
|
|
(2,158,640 |
) |
| Total |
|
$ |
(2,070,538 |
) |
|
$ |
(2,367,118 |
) |
| Identifiable long-lived tangible assets at March 31, 2022 and December 31, 2021 |
|
March 31,
2022 |
|
|
December 31,
2021 |
|
| Real property operations |
|
$ |
7,495,992 |
|
|
$ |
7,537,281 |
|
| Medical related consulting services |
|
|
644 |
|
|
|
742 |
|
| Corporate/Other |
|
|
311,169 |
|
|
|
352,294 |
|
| Total |
|
$ |
7,807,805 |
|
|
$ |
7,890,317 |
|
| Identifiable long-lived tangible assets at March 31, 2022 and December 31, 2021 |
|
March 31, 2022 |
|
|
December 31,
2021 |
|
| United States |
|
$ |
7,537,372 |
|
|
$ |
7,583,880 |
|
| China |
|
|
270,433 |
|
|
|
306,437 |
|
| Total |
|
$ |
7,807,805 |
|
|
$ |
7,890,317 |
|
|