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SEGMENT INFORMATION | 3 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | NOTE 16 – 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, the (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 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, the (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:
|  | (in thousands) Three months ended June 30, |
|  | 2024 ($) |  |  | 2023 ($) |
Infrastructure segment |  |  | - |  |  |  | 167 |
Life Sciences segment |  |  |  |  |  |  |  |
Wellness and lifestyle |  |  | 21 |  |  |  | 44 |
White labeling services |  |  | 251 |  |  |  | 344 |
Total |  |  | 272 |  |  |  | 555 |
For information on revenue by product and service, refer to 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 |  | Three months ended June 30, 2024 ($) |  |  | Percentage of Total Revenue ($) |
Asia |  | India |  |  | - |  |  |  | - |
America |  | U.S. |  |  | 272 |  |  |  | 100 | %
|  | Colombia |  |  | - |  |  |  | - |
Total |  |  | 272 |  |  |  | 100 | %
|  |  |  | (in thousands) |
Segments |  | Country |  | Three months ended June 30, 2023 ($) |  |  | Percentage of Total Revenue ($) |
Asia |  | India |  |  | 167 |  |  |  | 30 | %
America |  | U.S. |  |  | 388 |  |  |  | 70 | %
|  | Colombia |  |  | - |  |  |  | - | %
Total |  |  | 555 |  |  |  | 100 | %
3) The table below shows the non-current assets other than financial instruments held in the country of domicile (U.S.) and foreign countries.
|  | (in thousands) |
Nature of assets |  | USA (Country of Domicile) ($) |  |  | Foreign Countries (India and Colombia) ($) |  |  | Total as of June 30, 2024 ($) |
Intangible assets, net |  |  | 1,720 |  |  |  | - |  |  |  | 1,720 |
Property, plant, and equipment, net |  |  | 3,519 |  |  |  | 67 |  |  |  | 3,586 |
Claims and advances |  |  | 410 |  |  |  | 278 |  |  |  | 688 |
Operating lease asset |  |  | 166 |  |  |  | 27 |  |  |  | 193 |
Total non-current assets |  |  | 5,815 |  |  |  | 372 |  |  |  | 6,187 |
|  | (in thousands) |
Nature of assets |  | USA (Country of Domicile) ($) |  |  | Foreign Countries (India and Colombia) ($) |  |  | Total as of March 31, 2024 ($) |
Intangible assets, net |  |  | 1,616 |  |  |  | - |  |  |  | 1,616 |
Property, plant, and equipment, net |  |  | 3,620 |  |  |  | 75 |  |  |  | 3,695 |
Claims and advances |  |  | 410 |  |  |  | 278 |  |  |  | 688 |
Operating lease asset |  |  | 193 |  |  |  | 5 |  |  |  | 198 |
Total non-current assets |  |  | 5,839 |  |  |  | 358 |  |  |  | 6,197 |

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- 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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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