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Segment Reporting
 12 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting

(12) Segment Reporting

 

ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products or services. Based on management’s assessment, the Company determined has only one operating segment.

 

The following table presents revenue by category for the years ended September 30, 2024,2023 and 2022, respectively:

 

   2024   2023   2022 
Wholesale of pre-owned electronic devices  $35,548,886   $50,199,955   $27,646,484 
Retail sales of pre-owned electronic devices   62,875    73,452    212,555 
Device rental   -    5,530    189 
   $35,611,761   $50,278,937   $27,859,228 

 

The following table presents revenue by product category for the years ended September 30, 2024,2023 and 2022, respectively:

 

   2024   2023   2022 
       %       %       % 
Smartphones  $26,291,822    73.8   $41,104,583    81.8   $12,682,287    45.5 
Tablets   2,588,041    7.3    3,648,756    7.3    10,198,626    36.6 
Laptops and others   6,731,898    18.9    5,525,598    10.9    4,978,315    17.9 
Total  $35,611,761    100.0   $50,278,937    100.0   $27,859,228    100.0 

 

All revenues were from Hong Kong for the fiscal years 2024, 2023 and 2022.