v3.26.1
Segment Information
 9 Months Ended
Dec. 31, 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 segments for the three and nine months ended December 31, 2025 and 2024:

 

    For the Three Months Ended
December 31,		  
    2025     2024  
    Automobile     Automobile        
    Transaction
and		     Transaction
and		     Online
ride-hailing		  
    Related     Related     platform  
    Services from continuing operations*     Services from continuing operations*     Services from discontinued operations  
    (Unaudited)     (Unaudited)     (Unaudited)  
Revenues   $ 358,684     $ 451,447     $ —  
Depreciation and amortization   $ 247,339     $ 254,701     $ —  
Loss from operations   $ (1,096,585 )   $ (411,041 )   $ —  
Loss before income taxes   $ (2,948,938 )   $ (257,495 )   $ —  
Net loss   $ (2,948,938 )   $ (257,495 )   $ —  
Capital expenditure   $ —     $ 418     $ —  

 

    For the Nine Months Ended
December 31,		  
    2025     2024  
    Automobile     Automobile        
    Transaction
and		     Transaction
and		     Online
ride-hailing		  
    Related     Related     platform  
    Services from continuing operations*     Services from continuing operations*     Services from discontinued operations  
    (Unaudited)     (Unaudited)     (Unaudited)  
Revenues   $ 1,219,628     $ 1,476,238     $ 344,241  
Depreciation and amortization   $ 744,713     $ 787,873     $ 37,984  
Loss from operations   $ (2,156,799 )   $ (1,163,823 )   $ (242,999 )
Loss before income taxes   $ (3,867,047 )   $ (992,186 )   $ (218,157 )
Net (loss) income   $ (3,867,047 )   $ (992,186 )   $ 184,128  
Capital expenditure   $ —     $ 418     $ —  

 

* Amounts of continuing operating segment can agree to the unaudited condensed consolidated statements of operations and comprehensive loss for the three and nine months ended December 31, 2025 and 2024.