v3.25.2
Segment Reporting
 6 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 17 – SEGMENT REPORTING

 

ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products. Based on management’s assessment, the Company has determined that it has only one operating segment as defined by ASC 280.

Revenue disaggregation

 

The following table presents revenue by business lines:

 

   For the Six Months Ended
March 31,		 
   2025   2024 
Revenue        
Sales  $29,073,339   $36,613,509 
Production service revenue   305,388    469,277 
Total revenue  $29,378,727   $37,082,786 

 

Geographical areas

 

The following table presents revenues by geographic areas for the six months ended March 31, 2025. 

 

   March 31, 2025 
   Sales Amount
 (In USD)		   As %
of Sales		 
Top 5 geographic areas:        
China  $21,758,925    74.06%
USA   5,903,553    20.09%
India   727,821    2.48%
Singapore   324,146    1.10%
Australia   308,046    1.05%
Other foreign countries   356,236    1.21%

 

The following table presents revenues by geographic areas for the six months ended March 31, 2024. 

 

   March 31, 2024 
   Sales Amount
 (In USD)		   As %
of Sales		 
Top 5 geographic areas:        
China  $31,901,682    86.03%
USA   2,582,339    6.96%
Cayman   830,944    2.24%
India   740,287    2.00%
The United Arab Emirates   686,438    1.85%
Other foreign countries   341,096    0.92%

 

Due to the nature of the Company’s products, it is impractical to disclose revenues generated from each product or each group of similar products. Also, as the Company’s long-lived assets are primarily located in the PRC, no geographical segments are presented.