v3.25.2
Segment Information
 6 Months Ended
Mar. 31, 2025
Segment Information [Abstract]  
SEGMENT INFORMATION

Note 15 — SEGMENT INFORMATION

 

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. The Company has determined that it has two operating segments as defined by ASC 280, “Segment Reporting”: education and e-commerce. Education segment offers foreign language tutorial services and other education training management services in China. The e-commerce segment offers e-commerce service and related products.

 

Selected financial information is presented below: 

 

   Education   E-commerce   Total 
   For the six months ended
March 31,		   For the six months ended
March 31,		   For the six months ended
March 31,		 
   2025   2024   2025   2024   2025   2024 
Revenues  $971,305   $1,398,885   $15,597,889   $14,605   $16,569,194   $1,413,490 
Cost of revenues   663,051    644,539    15,307,977    10,948    15,971,028    655,487 
Gross profit   308,254    754,346    289,912    3,657    598,166    758,003 
Interest expenses, net   165,664    99,864    (12)   (9)   165,652    99,855 
Depreciation and amortization   15,095    19,353    5,329    271    20,424    19,624 
Capital expenditures   2,269    10,727    4,149    15,065    6,418    25,792 
Segment assets   14,011,402    12,091,246    10,847,420    257,969    24,858,822    12,349,215 
Segment loss  $(4,815,745)  $(1,542,596)  $(37,640)  $(251,568)  $(4,853,385)  $(1,794,164)