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Segments
 12 Months Ended
Mar. 31, 2025
Segments [Abstract]  
SEGMENTS

Note 18 - SEGMENTS

 

The Company currently operates within two main reportable segments: offline wholesale and online platform. The offline wholesale segment includes supplying prescription and OTC medicines, traditional Chinese medicine (“TCM”), dietary supplement, medical devices and sundry items to other drug vendors and hospitals. The online platform provided various medical products to retail pharmacies, clinics and other vendors across the country. The segments’ accounting policies are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on profit or loss from operations before interest and income taxes not including nonrecurring gains and losses.

 

The Company’s reportable business segments are strategic business units that offer different products and services. Each segment is managed separately because they require different operations and markets to distinct classes of customers

 

The following table presents summarized information by segment of the continuing operations for the year ended March 31, 2025:

 

   Offline wholesale   Online platform   Total 
Revenue  $118,864,443   $1,107,195   $119,971,638 
Cost of goods   115,107,821    1,025,002    116,132,823 
Gross profit  $3,756,622   $82,193   $3,838,815 
Selling expenses   1,497,333    36,867    1,534,200 
General and administrative expenses   3,339,954    
-
    3,339,954 
Income from operations  $(1,080,665)  $45,326   $(1,035,339)
Depreciation and amortization  $57,516   $
-
   $57,516 
Total capital expenditures  $
-
   $
-
   $
-
 

The following table presents summarized information by segment of the continuing operations for the year ended March 31, 2024:

 

   Offline wholesale   Online
platform		   Total 
Revenue  $123,994,053   $
-
   $123,994,053 
Cost of goods   119,115,636    
-
    119,115,636 
Gross profit  $4,878,417   $
-
   $4,878,417 
Selling expenses   934,223    
-
    934,223 
General and administrative expenses   3,348,112    
-
    3,348,112 
Income from operations  $596,082   $
-
   $596,082 
Depreciation and amortization  $36,001   $
-
   $36,001 
Total capital expenditures  $1,168   $
      -
   $1,168 

  

The following table presents summarized information by segment of the continuing operations for the year ended March 31, 2023:

 

   Offline wholesale   Online
platform		   Total 
Revenue  $120,199,193   $
-
   $120,199,193 
Cost of goods   116,597,751    
-
    116,597,751 
Gross profit  $3,601,442   $
-
   $3,601,442 
Selling expenses   1,266,025    
-
    1,266,025 
General and administrative expenses   5,137,741    
-
    5,137,741 
Stock based compensation   10,360,000    
-
    10,360,000 
Loss from operations  $(13,162,324)  $
-
   $(13,162,324)
Depreciation and amortization  $31,225   $
-
   $31,225 
Total capital expenditures  $704   $
      -
   $704