XML 36 R25.htm IDEA: XBRL DOCUMENT v3.6.0.2
NOTE 20 - SEGMENT INFORMATION
 9 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 20 – SEGMENT INFORMATION

Accounting pronouncements establish standards for the manner in which public companies report information about operating segments in annual and interim financial statements. Operating segments are component of an enterprise that have distinct financial information available and evaluated regularly by the chief operating decision-maker (“CODM”) to decide how to allocate resources and evaluate performance. The Company’s CODM is considered to be the Company’s chief executive officer (“CEO”). The CEO reviews financial information presented on an entity level basis for purposes of making operating decisions and assessing financial performance. Therefore, the Company has determined that it operates in a single operating and reportable segment.

The following provides information required by ASC 280-10-50-38 Entity-Wide Information:

1)
The table below shows revenue reported by product and service:

Product & Service
  
Amount
    
% on total revenues
  
Trading
  
$
-
      
-
  
Rental / Lease /Real estate
    
487
      
100
%
TOTAL
  
$
487
      
100
%

2(a) The table below shows the revenue attributed to the country of domicile (USA) and foreign countries.  Revenue is attributed to an individual country if the invoice made to the customer originates in that country.  The basis for originating an invoice is the underlying agreement.

Geographic Location
  
Amount
    
% on total revenues
  
Hong Kong
  
$
-
      
-
  
India and Malaysia
    
487
      
100
%
TOTAL
  
$
487
      
100
%

2(b) The table below shows the long-term assets and other than financial instruments held in the country of domicile and foreign countries.

Nature of Assets
  
USA (Country of Domicile)
    
Foreign Countries
    
Total
  
Property, Plant and Equipment, Net
  
$
881
    
$
61
    
$
942
  
Investments in Affiliates
    
2,453
      
-
      
2,453
  
Investments Others
    
-
      
5,230
      
5,230
  
Deferred Tax Assets
    
-
      
19
      
19
  
Other Non-Current Assets
    
-
      
491
      
491
  
Total Long Term Assets
  
$
3,334
    
$
5,801
    
$
9,135
  

3) For the quarter ended December 31, 2016 we had one main customer in Malaysia and five in India.  Most of revenue came from the one main customer in Malaysia.