v3.25.2
Segment Information
 3 Months Ended
Jun. 30, 2025
Segment Information [Abstract]  
SEGMENT INFORMATION

17. SEGMENT INFORMATION

 

The Company presents segment information after elimination of inter-company transactions. In general, revenue, cost of revenue and operating expenses are directly attributable, or are allocated, to each segment. The Company allocates costs and expenses that are not directly attributable to a specific segment, such as those that support infrastructure across different segments, to different segments mainly on the basis of usage, revenue or headcount, depending on the nature of the relevant costs and expenses. The Company does not allocate assets to its segments as the CODM does not evaluate the performance of segments using asset information.

 

By assessing the qualitative and quantitative criteria established by Accounting Standards Codification (“ASC”) 280, “Segment Reporting”, the Company considers it operates in a reportable segment for automobile transaction and related services, and operated in a reportable segment for online ride-hailing platform, which had been ceased on August 20, 2024. The segments were organized based on type of service offered.

 

The following table presents the significant revenue, loss from operations, loss before income taxes and net loss in the Company’s operating segments for the three months ended June 30, 2025 and 2024:

 

   For the Three Months Ended
June 30,		 
   2025   2024 
   Automobile   Automobile     
   Transaction
and		   Transaction
and		   Online
ride-hailing		 
   Related   Related   platform 
   Services   Services   Services 
   (Unaudited)   (Unaudited)   (Unaudited) 
Revenues  $860,099   $879,009   $243,391 
Depreciation and amortization  $268,932   $331,466   $20,834 
Loss from operations  $(611,290)  $(773,969)  $(19,205)
Loss before income taxes  $(276,438)  $(735,885)  $(28,868)
Net loss  $(276,438)  $(735,885)  $(26,933)
Capital expenditure  $
—
   $1,183   $
—