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Segment Reporting
 3 Months Ended
Jun. 30, 2024
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, 2024 and 2023, outerwear accounted for approximately 90.4% and 94.2% 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, 2024 and 2023, respectively.

 

   For the
Three Months Ended
June 30,
(Unaudited)		 
   2024   2023 
United States  $37,034,398   $32,662,429 
China   1,280,572    502,378 
Germany   1,120,063    444,539 
Jordan   740,257    304,637 
Others   760,426    821,674 
Total  $40,935,716   $34,735,657 

 

As of June 30, 2024, 74.4% and 25.0% of long-lived assets were located in Jordan and Hong Kong, respectively.