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Segment Reporting
6 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 14 – SEGMENT REPORTING

 

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. Management, including the chief operating decision maker, reviews operation results by the revenue of the Company’s products. The Company’s major product is outerwear. For the three months ended September 30, 2022 and 2021, outerwear accounted for approximately 93.8% and 96.4% of the Company’s total revenue, respectively. For the six months ended September 30, 2022 and 2021, outerwear accounted for approximately 93.6% and 97.2% of the Company’s total revenue, respectively. Based on management’s assessment, the Company has determined that it has only one operating segment as defined by ASC 280.

 

The following table summarizes sales by geographic areas for the three months ended September 30, 2022 and 2021, respectively.

 

  

For the Three Months Ended
September 30,

(Unaudited)

 
   2022   2021 
United States  $35,101,055   $44,241,524 
Jordan   1,278,313    141,001 
Others   1,446,327    1,328,641 
Total  $37,825,695   $45,711,166 

 

The following table summarizes sales by geographic areas for the six months ended September 30, 2022 and 2021, respectively.

 

  

For the Six Months Ended
September 30,

(Unaudited)

 
   2022   2021 
United States  $66,508,460   $73,693,401 
Jordan   2,755,527    300,840 
Others   1,998,269    1,605,617 
Total  $71,262,256   $75,599,858 

 

67.6% and 31.1% of long-lived assets were located in Jordan and Hong Kong, respectively, as of September 30, 2022.