v3.26.1
Segments
 12 Months Ended
Mar. 31, 2026
Segments [Abstract]  
SEGMENTS

Note 18 – SEGMENTS

 

The Company currently operates within two main reportable segments: offline wholesale and online platform. The offline wholesale segment includes supplying prescription and OTC medicines, traditional Chinese medicine (“TCM”), dietary supplement, medical devices and sundry items to other drug vendors and hospitals. The online platform provided various medical products to retail pharmacies, clinics and other vendors across the country. The Company’s Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer (the “CEO”), who is primarily responsible for allocating resources and assessing the performance of the operating segments. The CEO evaluates segment performance and makes decisions about resource allocation based on segment gross profit, which is defined as segment revenue less segment cost of goods sold, excluding selling, general and administrative expenses that are managed at the corporate level and not allocated to individual segments

 

The following table presents summarized information by segment of the continuing operations for the year ended March 31, 2026:

 

    Offline wholesale     Online platform     Total  
Revenue   $ 117,872,139     $ 14,291,595     $ 132,163,734  
Cost of goods     113,913,687       13,495,901       127,409,588  
Gross profit   $ 3,958,452     $ 795,694     $ 4,754,146  
Selling expenses     2,515,252       524,884       3,040,136  
General and administrative expenses     3,580,025       -       3,580,025  
Income (loss) from operations   $ (2,136,825 )   $ 270,810     $ (1,866,015 )
Depreciation and amortization   $ 154,975     $ 208,711     $ 363,686  
Total capital expenditures   $ 449     $ -     $ 449  

 

The following table presents summarized information by segment of the continuing operations for the year ended March 31, 2025:

 

    Offline
wholesale		     Online
platform		     Total  
Revenue   $ 118,864,443     $ 1,107,195     $ 119,971,638  
Cost of goods     115,107,821       1,025,002       116,132,823  
Gross profit   $ 3,756,622     $ 82,193     $ 3,838,815  
Selling expenses     1,497,333       36,867       1,534,200  
General and administrative expenses     3,339,954       -       3,339,954  
Income (loss) from operations   $ (1,080,665 )   $ 45,326     $ (1,035,339 )
Depreciation and amortization   $ 57,516     $ -     $ 57,516  
Total capital expenditures   $ -     $ -     $ -  

 

The following table presents summarized information by segment of the continuing operations for the year ended March 31, 2024:

 

    Offline wholesale     Online
platform		     Total  
Revenue   $ 123,994,053     $         -     $ 123,994,053  
Cost of goods     119,115,636       -       119,115,636  
Gross profit   $ 4,878,417     $ -     $ 4,878,417  
Selling expenses     934,223       -       934,223  
General and administrative expenses     3,348,112       -       3,348,112  
Income from operations   $ 596,082     $ -     $ 596,082  
Depreciation and amortization   $ 36,001     $ -     $ 36,001  
Total capital expenditures   $ 1,168     $ -     $ 1,168