XML 34 R22.htm IDEA: XBRL DOCUMENT v3.20.2
SEGMENT INFORMATION
 6 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

NOTE 18 – SEGMENT INFORMATION


FASB ASC No. 280, “Segment Reporting” establishes standards for reporting information about reportable segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group (“CODM”), in deciding how to allocate resources and in assessing performance. The CODM evaluates revenues and gross profits based on product lines and routes to market. Based on our integration and Management strategies, we operate in two reportable segments: (i) Infrastructure segment and (ii) Life Sciences segment.


The Company’s CODM is the Company’s chief executive officer (“CEO”). The CEO reviews financial information presented on an operating segment basis for purposes of making operating decisions and assessing financial performance. Therefore, and before our Life Sciences segment started, the Company had determined that it operated in a single operating and reportable segment. As of the date of this report and in preparation for the new and different source of revenue, the Company has determined that it operates in two operating and reportable segments: (a) Infrastructure Business and (b) Life Sciences segment. The Company does not include intercompany transfers between segments for Management reporting purposes.


The following provides information required by ASC 280-10-50-38 “Entity-wide Information”:


1)     The table below shows revenue reported by segment:


Product & Service


   

(in thousands)

  

Segments

  

Six months ended

September 30, 2020

($)

    

Percentage of

Total Revenue

(%)

  
                 

Infrastructure segment

     67       10

%

Life Sciences segment

     642       90

%

Total

     709       100

%

   

(in thousands)

  

Segments

  

Six months ended

September 30, 2019

($)

    

Percentage of

Total Revenue

(%)

  
                 

Infrastructure segment

     3,091       89

%

Life Sciences segment

     379       11

%

Total

     3,470       100

%

For information for revenue by product and service, refer Note 2, “Summary of Significant Accounting Policies”.


2)     The table below shows the revenue attributed to the country of domicile (U.S.) and foreign countries. Revenue is generally attributed to the geographic location of customers: 


       

(in thousands)

  

Segments

  

Country

  

Six months ended

September 30, 2020

($)

    

Percentage of

Total Revenue

(%)

  
                     

Asia

  

(1) India

     67       10-

%
   

(2) Hong Kong

     -       -

%

North America

  

U.S.

     642       90

%

Total

     709       100

%

       

(in thousands)

  

Segments

  

Country

  

Six months ended

September 30, 2019

($)

    

Percentage of

Total Revenue

(%)

  
                     

Asia

  

(1) India

     2       -

%
   

(2) Hong Kong

     3,089       89

%

North America

  

U.S.

     379       11

%

Total

     3,470       100

%

3) The table below shows the non-current assets other than financial instruments held in the country of domicile and foreign countries.


   

(in thousands)

  

Nature of Assets

  

USA

(Country of Domicile)

($)

    

Foreign Countries

(India, Hong Kong, and Colombia)

($)

    

Total as of

September 30, 2020

($)

  

Intangible assets, net

     344       -       344  

Property, plant and equipment, net

     6,269       4,637       10,906  

Non- marketable securities

     250       11       261  

Claims and advances

     199       417       616  

Operating lease asset

     532       -       532  

Total non-current assets

     7,594       5,065       12,659  

   

(in thousands)

 

Nature of Assets

  

USA (Country of Domicile)

($)

    

Foreign Countries

(India Hong Kong and Colombia)

($)

    

Total as of March 31, 2020

($)

  

Intangible assets, net

     252       -       252  

Property, plant and equipment, net

     5,216       4,564       9,780  

Non- marketable securities

     -       11       11  

Claims and advances

     200       410       610  

Operating lease asset

     574       -       574  

Total non-current assets

     6,242       4,985       11,227