| Schedule of Revenue and Operating Results by Segments |
The revenue and operating results by segments were as follows:
| | |
For the year ended December 31, 2023 | |
| | |
Auto eInsurance service | | |
Technology service | | |
Auto service | | |
Others | | |
Consolidated | |
| Revenues from external customers | |
$ | 118,109 | | |
$ | 30,658 | | |
$ | 214,979 | | |
$ | - | | |
$ | 363,746 | |
| Operating cost and expenses | |
| | | |
| | | |
| | | |
| | | |
| | |
| Integrated service cost | |
| - | | |
| (26,428 | ) | |
| (183,125 | ) | |
| - | | |
| (209,553 | ) |
| Promotional service and selling expenses | |
| (114,356 | ) | |
| (11,265 | ) | |
| (7,461 | ) | |
| - | | |
| (133,082 | ) |
| General and administrative expenses | |
| (4,394 | ) | |
| (7,989 | ) | |
| 4,293 | | |
| (14,372 | ) | |
| (22,462 | ) |
| Research and development expenses | |
| (1,236 | ) | |
| (1,919 | ) | |
| (10,456 | ) | |
| (500 | ) | |
| (14,111 | ) |
| Total operating costs and expenses | |
| (119,986 | ) | |
| (47,601 | ) | |
| (196,749 | ) | |
| (14,872 | ) | |
| (379,208 | ) |
| Total other income/(expenses), net (1) | |
| 3,155 | | |
| (183 | ) | |
| (1,272 | ) | |
| (1,245 | ) | |
| 455 | |
| Segment income/(loss) before tax | |
$ | 1,278 | | |
$ | (17,126 | ) | |
$ | 16,958 | | |
$ | (16,117 | ) | |
$ | (15,007 | ) |
| | |
For the year ended December 31, 2024 | |
| | |
Auto eInsurance service | | |
Technology service | | |
Auto service | | |
Others | | |
Consolidated | |
| Revenues from external customers | |
$ | 170,549 | | |
$ | 44,892 | | |
$ | 226,456 | | |
$ | - | | |
$ | 441,897 | |
| Operating cost and expenses | |
| | | |
| | | |
| | | |
| | | |
| | |
| Integrated service cost | |
| - | | |
| (28,103 | ) | |
| (198,069 | ) | |
| - | | |
| (226,172 | ) |
| Promotional service and selling expenses | |
| (166,450 | ) | |
| (15,535 | ) | |
| (4,864 | ) | |
| - | | |
| (186,849 | ) |
| General and administrative expenses | |
| (4,627 | ) | |
| (1,283 | ) | |
| (8,534 | ) | |
| (32,551 | ) | |
| (46,995 | ) |
| Research and development expenses | |
| (1,180 | ) | |
| (1,420 | ) | |
| (4,624 | ) | |
| (33,020 | ) | |
| (40,244 | ) |
| Total operating costs and expenses | |
| (172,257 | ) | |
| (46,341 | ) | |
| (216,091 | ) | |
| (65,571 | ) | |
| (500,260 | ) |
| Total other expenses, net (1) | |
| (121 | ) | |
| (276 | ) | |
| (1,942 | ) | |
| (898 | ) | |
| (3,237 | ) |
| Segment (loss)/income before tax | |
$ | (1,829 | ) | |
$ | (1,725 | ) | |
$ | 8,423 | | |
$ | (66,469 | ) | |
$ | (61,600 | ) |
| | |
For the year ended December 31, 2025 | |
| | |
Auto eInsurance service | | |
Technology service | | |
Auto service | | |
Others | | |
Consolidated | |
| Revenues from external customers | |
$ | 212,568 | | |
$ | 53,619 | | |
$ | 223,104 | | |
$ | - | | |
$ | 489,291 | |
| Operating cost and expenses | |
| | | |
| | | |
| | | |
| | | |
| | |
| Integrated service cost | |
| - | | |
| (37,892 | ) | |
| (203,618 | ) | |
| - | | |
| (241,510 | ) |
| Promotional service and selling expenses | |
| (200,008 | ) | |
| (8,918 | ) | |
| (6,950 | ) | |
| (69 | ) | |
| (215,945 | ) |
| General and administrative expenses | |
| (4,717 | ) | |
| (222 | ) | |
| (11,076 | ) | |
| (2,975 | ) | |
| (18,990 | ) |
| Research and development expenses | |
| (956 | ) | |
| (3,034 | ) | |
| (4,971 | ) | |
| - | | |
| (8,961 | ) |
| Total operating costs and expenses | |
| (205,681 | ) | |
| (50,066 | ) | |
| (226,615 | ) | |
| (3,044 | ) | |
| (485,406 | ) |
| Total other expenses, net (1) | |
| (456 | ) | |
| (337 | ) | |
| (2,384 | ) | |
| (2,761 | ) | |
| (5,938 | ) |
| Segment income/(loss) before tax | |
$ | 6,431 | | |
$ | 3,216 | | |
$ | (5,895 | ) | |
$ | (5,805 | ) | |
$ | (2,053 | ) |
| (1) | Included net of financial expenses, investment income, change of fair value of warrant liabilities and others. |
|