| Schedule of Presents the Segment Information |
The following table presents the segment information
for the fiscal years ended March 31, 2025, 2024, and 2023, respectively:
| | |
For the Fiscal Year ended March 31, 2025 | |
| | |
Directly-
Operated
Physical
Stores | | |
Online
Stores and
Services | | |
Franchise
Stores and
Wholesale
Customers | | |
Total | |
| Revenue | |
$ | 17,105,488 | | |
$ | 7,493,259 | | |
$ | 185,520,491 | | |
$ | 210,119,238 | |
| Merchandise costs | |
$ | 13,314,278 | | |
$ | 5,668,519 | | |
$ | 167,219,142 | | |
$ | 186,201,939 | |
| Interest expenses, net | |
$ | (140,333 | ) | |
$ | (61,475 | ) | |
$ | (1,522,011 | ) | |
$ | (1,723,819 | ) |
| Income tax benefit | |
$ | (153,311 | ) | |
$ | (67,160 | ) | |
$ | (1,662,766 | ) | |
$ | (1,883,237 | ) |
| Net income | |
$ | 540,430 | | |
$ | 236,741 | | |
$ | 5,861,317 | | |
$ | 6,638,488 | |
| Depreciation and amortization | |
$ | 77,511 | | |
$ | 33,955 | | |
$ | 840,660 | | |
$ | 952,126 | |
| Capital expenditures | |
$ | 992,068 | | |
$ | - | | |
$ | - | | |
$ | 992,068 | |
| | |
For the Fiscal Year ended March 31, 2024 | |
| | |
Directly-
Operated
Physical
Stores | | |
Online
Stores and
Services | | |
Franchise
Stores and
Wholesale
Customers | | |
Total | |
| Revenue | |
$ | 14,951,952 | | |
$ | 10,705,449 | | |
$ | 170,023,914 | | |
$ | 195,681,315 | |
| Merchandise costs | |
$ | 11,916,702 | | |
$ | 7,920,348 | | |
$ | 152,469,258 | | |
$ | 172,306,308 | |
| Interest expenses, net | |
$ | (123,107 | ) | |
$ | (88,143 | ) | |
$ | (1,399,891 | ) | |
$ | (1,611,141 | ) |
| Provision for income tax | |
$ | 34,902 | | |
$ | 24,989 | | |
$ | 396,883 | | |
$ | 456,774 | |
| Net income | |
$ | 571,463 | | |
$ | 409,162 | | |
$ | 6,498,311 | | |
$ | 7,478,936 | |
| Depreciation and amortization | |
$ | 94,184 | | |
$ | 67,434 | | |
$ | 1,070,993 | | |
$ | 1,232,611 | |
| Capital expenditures | |
$ | 917,396 | | |
$ | 9,766 | | |
$ | 2,146 | | |
$ | 929,308 | |
| | |
For the Fiscal Year Ended March 31, 2023 | |
| | |
Directly-
Operated
Physical
Stores | | |
Online Stores and Services | | |
Franchise
Stores and
Wholesale
Customers | | |
Total | |
| Revenue | |
$ | 11,606,180 | | |
$ | 20,700,011 | | |
$ | 137,418,155 | | |
$ | 169,724,346 | |
| Merchandise costs | |
$ | 8,882,991 | | |
$ | 16,221,524 | | |
$ | 115,188,904 | | |
$ | 140,293,419 | |
| Interest expenses, net | |
$ | (165,628 | ) | |
$ | (295,403 | ) | |
$ | (1,961,048 | ) | |
$ | (2,422,079 | ) |
| Provision for income tax | |
$ | 48,853 | | |
$ | 87,130 | | |
$ | 578,417 | | |
$ | 714,400 | |
| Net loss | |
$ | (550,399 | ) | |
$ | (981,655 | ) | |
$ | (6,516,768 | ) | |
$ | (8,048,822 | ) |
| Depreciation and amortization | |
$ | 83,870 | | |
$ | 149,587 | | |
$ | 993,039 | | |
$ | 1,226,496 | |
| Capital expenditures | |
$ | 459,856 | | |
$ | 366,440 | | |
$ | 108,664 | | |
$ | 934,960 | |
|
| Schedule of Assets and Liabilities |
| | |
March 31,
2025 | | |
March 31,
2024 | |
| Total assets: | |
| | |
| |
| Directly-Operated Physical Stores | |
$ | 14,618,642 | | |
$ | 10,732,784 | |
| Online Stores and Services | |
| 10,302,391 | | |
| 4,323,971 | |
| Franchise Stores and Wholesale Customers | |
| 132,909,152 | | |
| 126,940,404 | |
| Total assets | |
$ | 157,830,185 | | |
$ | 141,997,159 | |
| | |
| | | |
| | |
| Total liabilities: | |
| | | |
| | |
| Directly-Operated Physical Stores | |
$ | 12,247,978 | | |
$ | 12,841,698 | |
| Online Stores and Services | |
| 10,146,370 | | |
| 5,853,185 | |
| Franchise Stores and Wholesale Customers | |
| 92,421,807 | | |
| 87,259,492 | |
| Total liabilities | |
$ | 114,816,155 | | |
$ | 105,954,375 | |
|