v3.26.1
SEGMENT INFORMATION
 12 Months Ended
May 31, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 16 SEGMENT INFORMATION

 

ASC Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, who is the CEO in deciding how to allocate resources and assess performance.

 

Currently, the Company has two reportable business segments:

 

(1) Brand Name Management Fees and Services, mainly provided brand name “Chejiangling/Teenage Hero Car” to the customers. Customers are authorized to operate their workshop under the brand name of “Chejiangling/Teenage Hero Car”.
(2) Sales of Automotive Products (including Motor Oil, Auto Parts, Fuel Additive Cleaner, Exhaust Gas Cleaner and others).

 

In the following table, revenue is disaggregated by reportable segments:

 

                
   For The Year Ended May 31, 2026 
   Brand Name Management Fees and Services Segment   Automotive Products   Total 
   $   $   $ 
Revenue               
Brand Name Management Fees and Services   189,394    -    189,394 
Automotive Products   -    342,212    342,212 
Total Revenue   189,394    342,212    531,606 
                
Cost of Goods Sold               
Brand Name Management Fees and Services   -    -    - 
Automotive Products   -    (175,396)   (175,396)
Total Cost of Goods Sold   -    (175,396)   (175,396)
                
Gross Profit   189,394    166,816    356,210 
                
Other Income   106,834    193,036    299,870 
                
Operating Expenses               
Selling and Distribution   (87,931)   (158,881)   (246,812)
General and Administrative   (146,050)   (263,896)   (409,946)
Total Operating Expenses   (233,981)   (422,777)   (656,758)
                
Segment Profit/(Loss) from Operation   62,247    (62,925)   (678)

 

 

                
   For The Year Ended May 31, 2025 
   Brand Name Management Fees and Services Segment   Automotive Products   Total 
   $   $   $ 
Revenue               
Brand Name Management Fees and Services   314,728    -    314,728 
Automotive Products   -    143,904    143,904 
Total Revenue   314,728    143,904    458,632 
                
Cost of Goods Sold               
Brand Name Management Fees and Services   -    -    - 
Automotive Products   -    (85,975)   (85,975)
Total Cost of Goods Sold   -    (85,975)   (85,975)
                
Gross Profit   314,728    57,929    372,657 
                
Other Expenses   (349)   (159)   (508)
                
Operating Expenses               
Selling and Distribution   (134,018)   (61,277)   (195,295)
General and Administrative   (1,665,093)   (761,335)   (2,426,428)
Total Operating Expenses   (1,799,111)   (822,612)   (2,621,723)
                
Segment Loss from Operation   (1,484,732)   (764,842)   (2,249,574)