v3.26.1
Segment Information
 12 Months Ended
Mar. 31, 2026
Segment Information [Abstract]  
SEGMENT INFORMATION

18. 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’s long-lived assets are all located in the PRC and all of the Company’s revenues are derived from the PRC. Therefore, no geographical segments are presented. 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 (CODM) for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. 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 itself to be operating in only one reportable segment of automobile transaction and related services after discontinued the online ride-hailing platform services on August 20, 2024. The Company’s CODM relies upon the consolidated results of operations as a whole when making decisions about allocating resources and assessing the performance of the Company. The Company has concluded that consolidated net (loss) income is the measure of segment profitability. Within the information provided, the CODM specifically reviews depreciation and amortization, which are a significant segment expense, as this represents significant cost affecting the Company’s decision on how to allocate resources. Other operating expenses are reviewed in aggregate.

 

The following table presents the significant revenue, loss from operations, loss before income taxes and net loss in the Company’s operating segments from continuing operations and discontinued operations for the years ended March 31, 2026 and 2025:

 

    For the Years Ended
March 31,		  
    2026     2025  
    Automobile     Automobile        
    Transaction
and		     Transaction
and		     Online
ride-hailing		  
    Related     Related     platform  
    Services     Services     Services  
    from
continuing
 operations*		     from
continuing
 operations*		     from
discontinued
operations		  
Revenues   $ 1,546,127     $ 1,896,171     $ 344,241  
Depreciation and amortization   $ 994,638     $ 1,039,323     $ 37,984  
Loss from operations   $ (2,888,197 )   $ (1,989,592 )   $ (242,999 )
Loss before income taxes   $ (5,268,901 )   $ (1,906,841 )   $ (218,157 )
Net (loss) income   $ (5,268,901 )   $ (1,906,841 )   $ 184,128  
Capital expenditure   $ —     $ 415     $ —  

 

* Amounts of continuing operating segment can agree to the consolidated statements of operations and comprehensive loss for the years ended March 31, 2026 and 2025.