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CONSOLIDATED SEGMENT DATA
 3 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
CONSOLIDATED SEGMENT DATA

14. CONSOLIDATED SEGMENT DATA

 

Segment information is consistent with how the Company’s chief operating decision maker (“CODM”) reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. The Company’s CODM is the Chief Executive Officer. The CODM assesses the performance of the Company’s reportable segments and allocates resources primarily based on income (loss) from operations. The segment data presented reflects this segment structure. The Company reports financial and operating information in the following four segments:

 

  (a) Garment manufacturing. Including manufacturing and distribution of garments;
     
  (b) Logistics services. Providing logistic services; and
     
  (c) Consulting. Providing consulting and advisory services, including insurance consulting and related customer service support.
     
  (d) Financing. Providing consumer and commercial lending services in Hong Kong.

 

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

 

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

 

Revenues from continuing operations by segment for the three months ended June 30, 2026 and 2025 are as follows:

 

Revenues from external customers      
   Three months ended June 30, 
Revenues from external customers  2026   2025 
Garments manufacturing segment  $-   $19,896 
Logistics services segment   721,196    806,458 
Consulting   2,542,196    - 
Financing   172,185    - 
Others   2,062    - 
Property management and subleasing (discontinued operations; excluded from totals)   -    154,600 
Total continuing reportable segments   3,437,639    826,354 
Corporate and other   -    - 
Total continuing reportable segments and consolidated revenue  $3,437,639   $826,354 
           
Intersegment revenue          
Garments manufacturing segment   -    - 

 

Income (loss) from continuing operations by segment for the three months ended June 30, 2026 and 2025 are as follows:

 

       
   Three months ended June 30, 
   2026   2025 
Garment manufacturing segment  $(1,654)  $(29,587)
Logistics services segment   (70,862)   (13,481)
Consulting   93,425    - 
Financing   (74,037)   - 
Others   (19,100)   - 
Property management and subleasing (discontinued operations; excluded from totals)   -    (272,331)
Total continuing reportable segments   (72,228)   (43,068)
Corporate and other   (603,843)   (311,807)
Total consolidated loss from continuing operations  $(676,071)  $(354,875)

 

Other segment items from continuing operations by segment for the three months ended June 30, 2026 and 2025 are as follows:

 

   2026   2025 
   Three months ended June 30, 
   2026   2025 
Garment manufacturing segment  $1,654   $49,483 
Logistics services segment   792,058    819,939 
Consulting   2,448,771    - 
Financing   246,222    - 
Others   21,162    - 
Property management and subleasing (discontinued operations; excluded from totals)   -    426,931 
Total continuing reportable segments   3,509,867    869,422 
Corporate and other   603,843    311,807 
Total other segment items and corporate expenses  $4,113,710   $1,181,229 

 

Total assets by segment as of June 30 and March 31, 2026 are as follows:

 

Total assets  June 30, 2026   March 31, 2026 
Garment manufacturing segment  $177,713   $171,717 
Logistics services segment   2,983,884    3,059,748 
Consulting   1,634,484    1,899,665 
Financing   4,307,498    - 
Other   289,866    314,316 
Total of reportable segments   9,393,445    5,445,446 
Corporate and other   24,754,071    23,806,651 
Consolidated total assets  $34,147,516   $29,252,097 

 

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.

 

         
  

Three months ended

June 30

 
   2026   2025 
Revenues          
Mainland China   723,258    826,354 
Hong Kong   2,714,381    - 
Total   3,437,639    826,354 

 

   June 30, 2026   March 31, 2026 
Long-Lived Assets          
Mainland China   326,756    355,498 
Hong Kong   105,332    - 
Long-Lived Assets   432,088    355,498