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CONSOLIDATED SEGMENT DATA
 3 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
CONSOLIDATED SEGMENT DATA

13. CONSOLIDATED SEGMENT DATA

 

Segment information is consistent with how chief operating decision maker reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. The segment data presented reflects this segment structure. The Company reports financial and operating information in the following three segments:

 

  (a) Garment manufacturing. Including manufacturing and distribution of garments;
     
  (b) Logistics services. Providing logistic services; and
     
  (c) Property management and subleasing. Providing subleasing of shops and property management services for garment wholesalers and retailers in garment market.

 

The Company also provides general corporate services to its segments and these costs are reported as “Corporate and others”.

 

 

Selected information in the segment structure is presented in the following tables:

 

Revenues by segment for the three months ended June 30, 2025 and 2024 are as follows:

 

Revenues from external customers  2025   2024 
   Three months ended
June 30,		 
Revenues from external customers  2025   2024 
Garments manufacturing segment  $19,896   $86,602 
Logistics services segment   806,458    486,507 
Property management and subleasing   154,600    277,924 
Total of reportable segments   980,954    851,033 
Corporate and other   -    - 
Total of reportable segments and consolidated revenue  $980,954   $851,033 
           
Intersegment revenue          
Garments manufacturing segment   -    - 

 

Loss from operations by segment for the three ended June 30, 2025 and 2024 are as follows:

 

   2025   2024 
   Three months ended 
   June 30, 
   2025   2024 
Garment manufacturing segment  $(29,587)  $(63,645)
Logistics services segment   (13,481)   20,879 
Property management and subleasing   (272,331)   (204,433)
Total of reportable segments   (315,399)   (247,199)
Corporate and other   (311,808)   (257,817)
Total consolidated income from operations  $(627,207)  $(505,016)

 

Total assets by segment as of June 30 and March 31, 2025 are as follows:

 

Total assets  June 30, 2025   March 31, 2025 
Garment manufacturing segment  $175,970   $238,981 
Logistics services segment   3,288,312    3,167,654 
Property management and subleasing   19,642,890    19,855,305 
Total of reportable segments   23,107,172    23,261,939 
Corporate and other   25,877,219    25,905,398 
Consolidated total assets  $48,984,391   $49,167,337 

 

Geographical Information

 

The Company operates predominantly in China. In presenting information on the basis of geographical location, revenue is based on the geographical location of customers and long-lived assets are based on the geographical location of the assets.

 

Geographic Information

 

   Three months ended
June 30,		 
   2025   2024 
Revenues      - 
China   980,954    851,033 

 

   June 30, 2025   March 31, 2025 
Long-Lived Assets          
China   19,033,571    19,375,723