v3.26.1
Segment Reporting
 3 Months Ended
May 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

19. 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:

 

    Parking fee     Winery sales     Others     Consolidated  
For the three months Ended  
May 31, 2026  
    Parking fee     Winery sales     Others     Consolidated  
                         
Revenues   $ 281,938     $ -     $ 24     $ 281,962  
Segment gross profit    

89,536

      -       (16 )     89,520  
Segment gross margin     31.76  %     - %     (66.67 )%     31.75 %
Selling expenses     65,656       -       -       65,656  
General and administrative expenses     570,399       -       -       570,399   
R&D expenses     52,196        -       -       52,196  
Impairment for credit losses     (1,044 )     -       -       (1,044 )
Interest expense, net     16,277       -       -       16,277  
Other income/expenses, net     3,276       -        -       3,276  
Income tax expense     -       -       -          
Net loss     (617,224 )     -       (16 )      (617,240)
                                 

 

   Parking fee   Winery sales   Others    
For the three months Ended  
May 31, 2025  
   Parking fee   Winery sales   Others   Consolidated 
                 
Revenues  $356,250   $64,653   $40,727   $461,630 
Segment gross profit   81,009    5,917    40,727    127,653 
Segment gross margin   22.74%   9.15%   100%   27.65%
Selling expenses   22,956    -    -    22,956 
General and administrative expenses   493,494    1,966    1,238    496,698 
R&D expenses   64,336    -    -    64,336 
Impairment for credit losses   (68,919)   -    -    (68,919)
Interest expense, net   15,200    -    -    15,200 
Other income/expenses, net   2,706    -    -    2,706 
Income tax expense   3,547    -    -    3,547 
Net income / (loss)   (452,311)   3,951    39,489    (408,871)
                     

 

   Parking fee   Winery sales   Others   Consolidated 
As of May 31, 2026  
   Parking fee   Winery sales   Others   Consolidated 
                 
Current assets  $1,434,435   $756,605   $709   $2,191,749 
Non-current assets   

5,530,075

    -    -    

5,530,075

 

 

   Parking fee   Winery sales   Others   Consolidated 
As of February 28, 2026  
   Parking fee   Winery sales   Others   Consolidated 
                 
Current assets  $1,443,502   $694,373   $75,008   $2,212,883 
Non-current assets   5,563,459    -    -    5,563,459