SEGMENT REPORTING |
9 Months Ended |
|---|---|
Jun. 30, 2026 | |
| RELATED PARTY TRANSACTIONS AND BALANCES | |
| SEGMENT REPORTING | NOTE 9. SEGMENT REPORTING
The Company applies ASC Topic 280, Segment Reporting, in determining its reportable segments. An operating segment is a component of the business for which discrete financial information is available and regularly reviewed by the Company’s Chief Operating Decision Maker (“CODM”) in assessing performance and allocating resources.
Management has determined that the Company operates as one operating and reportable segment, as its operations are focused on the development, marketing, and sale of functional nutritional and DAG-based cooking oil products under the DAGola® brand. The Company’s Chief Executive Officer serves as the chief operating decision maker (“CODM”). The CODM primarily uses consolidated net loss to assess segment performance and allocate resources and also reviews consolidated revenue and gross profit. The segment’s accounting policies are the same as those described in Note 2, and the segment amounts reviewed by the CODM are the same as the corresponding consolidated amounts presented in the Company’s unaudited condensed consolidated financial statements.
For the nine months ended June 30, 2026, substantially all revenues were generated from distribution activities in the People’s Republic of China, with nominal revenues generated in the United States. For the nine months ended June 30, 2025, revenues were generated from sales in the United States only. The Company operates as a single reportable segment, and its segment revenues, expenses, assets, and net loss are therefore the same as the corresponding consolidated amounts presented in these unaudited condensed consolidated financial statements. |