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SEGMENT INFORMATION
 3 Months Ended
Jun. 30, 2025
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 and 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. The Company’s CODM is the Company’s Chief Executive Officer (CEO). The CEO reviews financial information presented on an operating segment basis for the purposes of making operating decisions and assessing financial performance.  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 a single operating and reportable segment, Life Sciences segment.

 

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,		 
   2025
($)		   2024
($)		 
Life Sciences segment        
Wellness and lifestyle   6    21 
White labeling services   322    251 
Total   328    272 

 

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,
2025
($)		   Percentage of
Total
Revenue
($)		 
             
Asia   India    -    - 
America   U.S.    328    100%
    Colombia    -    - 
Total        328    100%

 

       (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%

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)
($)		   Foreign
Countries
(India and
Colombia)
($)		   Total
as of
June 30,
2025
($)		 
Intangible assets, net   1,997    -    1,997 
Property, plant, and equipment, net   3,051    46    3,097 
Claims and advances   410    270    680 
Operating lease asset   -    16    16 
Total non-current assets   5,458    332    5,790 

 

   (in thousands) 
Nature of assets  USA
(Country of
Domicile)
($)		   Foreign
Countries
(India and
Colombia)
($)		   Total
as of
March 31,
2025
($)		 
Intangible assets, net   1,852    -    1,852 
Property, plant, and equipment, net   3,171    49    3,220 
Claims and advances   410    271    681 
Operating lease asset   80    18    98 
Total non-current assets   5,513    338    5,851