v3.26.1
Segment Reporting
 6 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

15. Segment Reporting

 

The Company’s chief operating decision maker has been identified as the Chief Executive Officer who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. The Company uses the management approach to determine the operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making decisions, allocating resources and assessing performance. The chief operating decision maker uses revenue to assess segment profitability and allocate resources effectively. There are inter-segment revenue transactions including marketing service and management service. Reconciliation of total segment revenues to consolidated revenues excludes inter-segment revenue. The accounting policies of the segments are the same as those used by the Company.

 

During the six months ended March 31, 2026 and 2025, the Company operated in three primary reportable segments, representing its operating subsidiaries QHI, DC, and DU. Other business activities that are currently not classified as a reportable segment is combined in the category of “Other”, which includes the results of HHI, Skyward, Gilmore and SouthGilmore..

 

A summary of segment information for the six months ended March 31, 2026:

 

   - QHI -   - DC -   -DU-   Other   Total 
   US$   US$   US$   US$   US$ 
Revenue   642,828    962,919    4,665,204    
-
    6,270,951 
Cost of services   90,041    455,705    2,093,141    
-
    2,638,887 
Selling expenses and general administrative   1,478,909    668,206    2,309,070    159,776    4,615,961 
Segmented loss /(income)   926,122    160,992    (262,993)   159,776    983,897 
Depreciation expense                       205,953 
Stock-based compensation expense                       1,259,037 
Other expenses/(income)                       606,857 
Interest income                       (6,248)
Loss before income taxes                       3,049,496 
Income taxes expense                       111,582 
Net loss                       3,161,078 

 

A summary of segment information for the six months ended March 31, 2025:

 

   - QHI -   - DC -   -DU-   Other   Total 
   US$   US$   US$   US$   US$ 
Revenue   1,550,559    24,304    3,792,542    
-
    5,367,405 
Cost of services   325,438    35,600    1,590,197    
-
    1,951,235 
Selling expenses and general administrative   2,618,426    241,497    1,533,770    353,587    4,747,280 
Segmented loss/(income)   1,393,305    252,793    (668,575)   353,587    1,331,110 
Depreciation expense                       201,635 
Stock-based compensation expense                       430,356 
Other income                       (1,890,840)
Interest income                       (2,673)
Loss before income taxes                       69,588 
Income taxes expense                       86,571 
Net loss                       156,159 

 

As at March 31, 2026, total assets located in the U.S. and Canada were $7,733,480 or 84%, and $1,495,050 or 16% of the Company’s total assets.

 

As at September 30, 2025, long-term assets located in the U.S. and Canada were $8,212,099 or 87%, and $1,259,527 or 13% of the Company’s total long-term assets.