| SEGMENT INFORMATION |
NOTE 14 – SEGMENT
INFORMATION
For the three and six months ended June 30, 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 and six months ended June 30, 2022 and 2021
was as follows:
| |
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
| Real property operations |
|
$ |
290,821 |
|
|
$ |
280,232 |
|
|
$ |
588,452 |
|
|
$ |
570,006 |
|
| Costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real property operations |
|
|
211,703 |
|
|
|
205,147 |
|
|
|
430,151 |
|
|
|
422,041 |
|
| Gross profit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real property operations |
|
|
79,118 |
|
|
|
75,085 |
|
|
|
158,301 |
|
|
|
147,965 |
|
| Other operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real property operations |
|
|
81,899 |
|
|
|
78,830 |
|
|
|
188,952 |
|
|
|
180,253 |
|
| Medical related consulting services |
|
|
106,235 |
|
|
|
167,275 |
|
|
|
193,350 |
|
|
|
328,828 |
|
| Corporate/Other |
|
|
1,384,555 |
|
|
|
2,131,260 |
|
|
|
3,396,512 |
|
|
|
4,244,752 |
|
| Total |
|
|
1,572,689 |
|
|
|
2,377,365 |
|
|
|
3,778,814 |
|
|
|
4,753,833 |
|
| Other (expense) income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate/Other |
|
|
(93,743 |
) |
|
|
(46,131 |
) |
|
|
(133,429 |
) |
|
|
(91,280 |
) |
| Total |
|
|
(93,743 |
) |
|
|
(46,131 |
) |
|
|
(133,429 |
) |
|
|
(91,280 |
) |
| Other income (expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real property operations |
|
|
3 |
|
|
|
4 |
|
|
|
7 |
|
|
|
108 |
|
| Medical related consulting services |
|
|
136,497 |
|
|
|
(16,503 |
) |
|
|
232,583 |
|
|
|
(34,989 |
) |
| Corporate/Other |
|
|
(577,660 |
) |
|
|
- |
|
|
|
(577,660 |
) |
|
|
1 |
|
| Total |
|
|
(441,160 |
) |
|
|
(16,499 |
) |
|
|
(345,070 |
) |
|
|
(34,880 |
) |
| Total other expense, net |
|
|
(534,903 |
) |
|
|
(62,630 |
) |
|
|
(478,499 |
) |
|
|
(126,160 |
) |
| Net (loss) income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real property operations |
|
|
(2,778 |
) |
|
|
(3,741 |
) |
|
|
(30,644 |
) |
|
|
(32,180 |
) |
| Medical related consulting services |
|
|
30,262 |
|
|
|
(183,778 |
) |
|
|
39,233 |
|
|
|
(363,817 |
) |
| Corporate/Other |
|
|
(2,055,958 |
) |
|
|
(2,177,391 |
) |
|
|
(4,107,601 |
) |
|
|
(4,336,031 |
) |
| Total |
|
$ |
(2,028,474 |
) |
|
$ |
(2,364,910 |
) |
|
$ |
(4,099,012 |
) |
|
$ |
(4,732,028 |
) |
| Identifiable long-lived tangible assets at June 30, 2022 and December 31, 2021 |
|
June 30,
2022 |
|
|
December 31,
2021 |
|
| Real property operations |
|
$ |
7,452,856 |
|
|
$ |
7,537,281 |
|
| Medical related consulting services |
|
|
515 |
|
|
|
742 |
|
| Corporate/Other |
|
|
256,766 |
|
|
|
352,294 |
|
| Total |
|
$ |
7,710,137 |
|
|
$ |
7,890,317 |
|
| Identifiable long-lived tangible assets at June 30, 2022 and December 31, 2021 |
|
June 30,
2022 |
|
|
December 31,
2021 |
|
| United States |
|
$ |
7,489,017 |
|
|
$ |
7,583,880 |
|
| China |
|
|
221,120 |
|
|
|
306,437 |
|
| Total |
|
$ |
7,710,137 |
|
|
$ |
7,890,317 |
|
|