XML 37 R24.htm IDEA: XBRL DOCUMENT
v3.22.2

SEGMENT INFORMATION | 12 Months Ended
--- | ---
Mar. 31, 2022
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | NOTE 18 – SEGMENT INFORMATION FASB ASC 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 segment 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 |  | Fiscal 2022 ($) |  |  | Percentage of Total Revenue (%) |
Infrastructure segment |  |  | 37 |  |  |  | 9 | %
Life Sciences segment |  |  | 359 |  |  |  | 91 | %
Total |  |  | 397 |  |  |  | 100 | %
|  | (in thousands) |
Segments |  | Fiscal 2021 ($) |  |  | Percentage of Total Revenue (%) |
Infrastructure segment |  |  | 175 |  |  |  | 20 | %
Life Sciences segment |  |  | 723 |  |  |  | 80 | %
Total |  |  | 898 |  |  |  | 100 | %
For information for revenue by product and service, refer Note 17, “Revenue Recognition.” 2) The table below shows the 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 |  | Fiscal 2022 ($) |  |  | Percentage of Total Revenue (%) |
Asia |  | India |  |  | 68 |  |  |  | 17 | %
America |  | U.S. |  |  | 329 |  |  |  | 83 | %
Total |  |  | 397 |  |  |  | 100 | %
|  |  |  | (in thousands) |
Segments |  | Country |  | Fiscal 2021 ($) |  |  | Percentage of Total Revenue (%) |
Asia |  | India |  |  | 175 |  |  |  | 19.5 | %
America |  | U.S. |  |  | 723 |  |  |  | 80.5 | %
Total |  |  | 898 |  |  |  | 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 |  | U.S. (Country of Domicile) ($) |  |  | Foreign Countries (India, Hong Kong, and Colombia) ($) |  |  | Total as of March 31, 2022 ($) |
Intangible assets, net |  |  | 436 |  |  |  | 481 |  |  |  | 917 |
Property, plant and equipment, net |  |  | 4,978 |  |  |  | 4,441 |  |  |  | 9,419 |
Investments in unlisted securities |  |  | - |  |  |  | - |  |  |  | - |
Claims and advances |  |  | 550 |  |  |  | 387 |  |  |  | 937 |
Operating lease asset |  |  | 396 |  |  |  | 54 |  |  |  | 450 |
Total non-current assets |  |  | 6,360 |  |  |  | 5,363 |  |  |  | 11,723 |
|  | (in thousands) |
Nature of Assets |  | U.S. (Country of Domicile) ($) |  |  | Foreign Countries (India Hong Kong and Colombia) ($) |  |  | Total as of March 31, 2021 ($) |
Intangible assets, net |  |  | 407 |  |  |  | - |  |  |  | 407 |
Property, plant and equipment, net |  |  | 6,228 |  |  |  | 4,612 |  |  |  | 10,840 |
Investments in unlisted securities |  |  | - |  |  |  | 12 |  |  |  | 12 |
Claims and advances |  |  | 200 |  |  |  | 403 |  |  |  | 603 |
Operating lease asset |  |  | 488 |  |  |  | - |  |  |  | 488 |
Total non-current assets |  |  | 7,323 |  |  |  | 5,027 |  |  |  | 12,350 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration