v3.25.1
SEGMENT INFORMATION
 9 Months Ended
Apr. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION

16. SEGMENT INFORMATION

 

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of services.

 

The Company had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

 

By Geography:

   

   United States   Malaysia   Hong Kong   Total 
   For the period ended April 30, 2025 
   United States   Malaysia   Hong Kong   Total 
                 
Revenue  $-   $320,540   $-   $320,540 
Cost of revenue   -    (289,135)   -    (289,135)
Net loss   (224,724)   (105,348)   (16,688)   (346,760)
                     
Total assets  $-   $599,534   $38,377   $637,911 

 

   United States   Malaysia   Hong Kong   Total 
   For the period ended April 30, 2024 
   United States   Malaysia   Hong Kong   Total 
                 
Revenue  $-   $1,073,259   $-   $1,073,259 
Cost of revenue   -    (1,149,608)   -    (1,149,608)
Net loss   (53,162)   (297,826)   (18,069)   (369,057)
                     
Total assets   -   $935,872   $46,680   $982,552 

 

By Business unit:

 

  

For the period ended April 30,

2025

 
   Solar 
     
Revenue  $320,540 
Cost of revenue   (289,135)
Net loss   (346,760)
      
Total assets  $637,911 

 

 

PHOENIX PLUS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED APRIL 30, 2025

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

 

   For the period ended April 30, 2024 
   Solar 
     
Revenue  $1,073,259 
Cost of revenue   (1,149,608)
Net loss   (369,057)
      
Total assets  $982,552