SEGMENTS

12 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

SEGMENTS

NOTE 15 - SEGMENTS

The Company has identified its operating segments based on the internal reports that are reviewed and used by the Chief Executive Officer (being the chief operating decision maker) in assessing performance and determining the allocation of resources. The Company operates in three reportable segments; provision of IoT maintenance and support services, IoT projects and ventures BPO services and IoT software and hardware engineering services in Hong Kong. The accounting policies of the segments are the same as described in the summary of significant accounting policies. The Company evaluates segment performance based on income from operations. All inter-company transactions between segments have been eliminated. As a result, the components of operating income for one segment may not be comparable to another segment. The following is a summary of the Company’s segment information as of and for the year ended September 30, 2023:

	IoT BPO			IoT development			IoT maintenance and support			Total Reportable
	services			services			services			segments
For the year ended September 30, 2023
Revenues	$	714,424		$	426,704		$	307,048		$	1,448,176
Cost of revenue		(363,428	)		(329,516	)		(268,874	)		(961,818	)
Gross profit		350,996			97,188			38,174			486,358
Net loss from operations		(697,634	)		(416,676	)		(299,832	)		(1,414,141	)
Depreciation and amortization		36,821			21,992			15,825			74,638

	September 30,		September 30,
Segment of assets	2023		2022
IoT BPO services	$	2,281,040	$	-
IoT development services		1,362,397		-
IoT maintenance and support services		980,354		-
	$	4,623,791	$	-