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Segment Reporting
 3 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 15 – SEGMENT REPORTING

 

ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments, and major customers in financial statements for details on the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision-maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of the Company’s products. The Company’s major product is outerwear. For the three months ended June 30, 2023 and 2022, outerwear accounted for approximately 94.2% and 93.4% of total revenue, respectively. Based on management’s assessment, the Company has determined that it has only one operating segment as defined by ASC 280.

 

The following table summarizes sales by geographic areas for the three months ended June 30, 2023 and 2022, respectively.

 

   For the Three Months Ended
June 30,		 
   2023   2022 
United States  $32,662,429   $31,407,405 
Mexico   591,626    405,773 
Jordan   304,637    1,477,214 
Others   1,176,965    146,169 
Total  $34,735,657   $33,436,561 

 

72.3% and 26.8% of long-lived assets were located in Jordan and Hong Kong, respectively, as of June 30, 2023.