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

Note 13 — SEGMENT INFORMATION

 

ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. 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 for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The Company has determined that it has two operating segments as defined by ASC 280, “Segment Reporting”: education and e-commerce and others. The education segment offers foreign language tutorial services and other education training management services in China. The e-commerce and others segment offers e-commerce services and related products.

 

Selected financial information is presented below: 

 

    Education     E-commerce and others     Total  
    For the six months ended
March 31,		     For the six months ended
March 31,		     For the six months ended
March 31,		  
    2026     2025     2026     2025     2026     2025  
Revenues   $ 1,208,984     $ 971,304     $ 20,349,350     $ 15,597,890     $ 21,558,334     $ 16,569,194  
Cost of revenues     737,117       663,051       20,282,605       15,307,977       21,019,722       15,971,028  
Gross profit     471,867       308,253       66,745       289,913       538,612       598,166  
Interest expenses, net     153,384       165,664       10,398       (12 )     163,782       165,652  
Depreciation and amortization     54,030       15,095       47,051       5,329       101,081       20,424  
Capital expenditures     6,874       2,269       -       4,149       6,874       6,418  
Segment assets     4,584,424       14,011,402       12,393,559       10,847,420       16,977,983       24,858,822  
Segment loss   $ (3,315,156 )   $ (4,815,745 )   $ (377,112 )   $ (37,640 )   $ (3,692,268 )   $ (4,853,385 )