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:
Schedule
of Operating Segment
| |
Parking fee | | |
Winery sales | | |
Others | | |
Consolidated | |
Six Months Ended |
August 31, 2025 |
| |
Parking fee | | |
Winery sales | | |
Others | | |
Consolidated | |
| |
| | |
| | |
| | |
| |
Revenues | |
| 729,021 | | |
| 47,584 | | |
| 66,708 | | |
| 843,313 | |
Segment gross profit | |
| 128,924 | | |
| 1,487 | | |
| 62,089 | | |
| 192,500 | |
Segment gross margin | |
| 17.68 | % | |
| 3.13 | % | |
| 93.08 | % | |
| 22.83 | % |
Selling expenses | |
| 55,091 | | |
| | | |
| | | |
| 55,091 | |
General and administrative expenses | |
| 1,231,369 | | |
| 3,894 | | |
| 5,459 | | |
| 1,240,722 | |
R&D expenses | |
| 124,941 | | |
| - | | |
| - | | |
| 124,941 | |
Bad debt provision | |
| (69,295 | ) | |
| - | | |
| - | | |
| (69,295 | ) |
Interest expense, net | |
| 31,176 | | |
| - | | |
| - | | |
| 31,176 | |
Other income/expenses, net | |
| 1,498 | | |
| - | | |
| - | | |
| 1,498 | |
Income tax expense | |
| 3,566 | | |
| - | | |
| - | | |
| 3,566 | |
Net income / (loss) | |
| (1,249,422 | ) | |
| (2,407 | ) | |
| 56,630 | | |
| (1,195,199 | ) |
| |
Parking fee | | |
Others | | |
Consolidated | |
Six Months Ended |
August 31, 2024 |
| |
Parking fee | | |
Others | | |
Consolidated | |
| |
| | |
| | |
| |
Revenues | |
| 703,145 | | |
| 1,631 | | |
| 704,776 | |
Segment gross profit | |
| (505,829 | ) | |
| 733 | | |
| (505,096 | ) |
Segment gross margin | |
| (71.94 | )% | |
| 44.94 | % | |
| (71.67 | )% |
Selling expenses | |
| 417,947 | | |
| - | | |
| 417,947 | |
General and administrative expenses | |
| 1,756,448 | | |
| - | | |
| 1,756,448 | |
R&D expenses | |
| 166,984 | | |
| - | | |
| 166,984 | |
Interest expense, net | |
| 61,140 | | |
| - | | |
| 61,140 | |
Other income/expenses, net | |
| 2,569,885 | | |
| - | | |
| 2,569,885 | |
Income tax expense | |
| 14 | | |
| - | | |
| 14 | |
Net income/(loss) | |
| (5,478,247 | ) | |
| 733 | | |
| (5,477,514 | ) |
| |
Parking fee | | |
Winery sales | | |
Others | | |
Consolidated | |
As of August 31, 2025 |
| |
Parking fee | | |
Winery sales | | |
Others | | |
Consolidated | |
| |
| | | |
| | | |
| | | |
| | |
Total assets | |
| 10,849,298 | | |
| 1,113,329 | | |
| 479,009 | | |
| 12,441,636 | |
| |
Parking fee | | |
Winery sales | | |
Others | | |
Consolidated | |
As of February 28, 2025 |
| |
Parking fee | | |
Winery sales | | |
Others | | |
Consolidated | |
| |
| | | |
| | | |
| | | |
| | |
Total assets | |
| 10,364,121 | | |
| 1,354,383 | | |
| 504,312 | | |
| 12,222,816 | |
|