v3.25.2
Segment Reporting
 3 Months Ended
May 31, 2025
Segment Reporting [Abstract]  
Segment Reporting

18.Segment Reporting

 

ASC 280, Disclosures about Segments, of an Enterprise and Related Information, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise engaging in business activities from which they may earn revenues and incur expenses, and about which separate financial information is available that is evaluated regularly by the chief operating decision-marker, or decision-making group (the “CODM”), in deciding how to allocate resources and in assessing performance. Reportable segments are defined as an operating segment that either (a) exceeds 10% of revenues, or (b) reported profit or loss in absolute amount exceeds 10% of profit of all operating segments that did not report a loss or (c) exceeds 10% of the combined assets of all operating segments.

 

Chief executive officer is determined as the CODM of the Company. The Company has organized operations into three different areas: (1) parking fee, (2) winery sales, and (3) others. CODM has access them as separate operating segments.

 

The following table set forth the operating segment reporting

 

 

For the Year Ended May 31, 2025

 

   Parking fee   Winery sales   Others   Consolidated 
                 
Current assets  $5,642,434   $1,132,678   $510,176   $7,285,288 
Non-current assets   5,078,130    -    -    5,078,130 
Revenues   356,250    64,653    40,727    461,630 
Segment gross profit   81,009    5,917    40,727    127,653 
Segment gross margin   22.74%   9.15%   100%   27.65%
Selling expenses   22,956              22,956 
General and administrative expenses   493,494    1,966    1,238    496,698 
R&D expenses   64,336    -    -    64,336 
Bad debt provision   (68,919)   -    -    (68,919)
Impairment of Property, plant and equipment   -    -    -    - 
Interest expense, net   15,200    -    -    15,200 
Other income/expenses, net   2,706    -    -    2,706 
Income tax expense   3,547    -    -    3,547 
Net income (loss)   (452,311)   3,951    39,489    (408,871)

 

For the Year Ended February 28, 2025

 

   Parking fee   Winery sales   Others   Consolidated 
                 
Current assets  $5,226,864   $1,354,383   $504,312   $7,085,559 
Non-current assets   5,137,257    -    -    5,137,257 
Revenues   1,657,057    420,180    64,417    2,141,654 
Segment gross profit   (495,328)   34,713    64,417    (396,198)
Segment gross margin   (29.89)%   8.26%   100.00%   (18.50)%
Selling expenses   342,993    326    236,491    579,810 
General and administrative expenses   2,924,270    215,724    33,072    3,173,066 
R&D expenses   359,447    -    -    359,447 
Bad debt provision   539,954    -    -    539,954 
Impairment of Property, plant and equipment   437,477    -    -    437,477 
Interest expense, net   86,400    3,995    612    91,007 
Other income/expenses, net   432,052    -    -    432,052 
Income tax expense   7,397    -    -    7,397 
Net income (loss)   (5,625,318)   (185,332)   (205,758)   (6,016,408)