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Segment Reporting
 6 Months Ended
Sep. 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 September 30, 2023 and 2022, outerwear accounted for approximately 89.7% and 93.8% of total revenue, respectively. For the six months ended September 30, 2023 and 2022, outerwear accounted for approximately 92.0% and 93.6% 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 September 30, 2023 and 2022, respectively.

 

   For the Three Months Ended
September 30,		 
   2023   2022 
United States  $29,224,793   $35,101,055 
Hong Kong   2,325,999    736,642 
Germany   845,956    
-
 
Jordan   320,490    1,278,313 
Others   639,870    709,685 
Total  $33,357,108   $37,825,695 

 

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

 

   For the Six Months Ended
September 30,		 
   2023   2022 
United States  $61,887,222   $66,508,460 
Hong Kong   2,556,046    742,103 
Germany   1,290,495    
-
 
Jordan   625,127    2,755,527 
Others   1,733,875    1,256,166 
Total  $68,092,765   $71,262,256 

 

73.7% and 25.5% of long-lived assets were located in Jordan and Hong Kong, respectively, as of September 30, 2023.