Segment Reporting

12 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Segment Reporting

20 - SEGMENT REPORTING

The Company operates in two reportable segments based on product differentiation: mobile and software, maintenance and consulting. Mobile applications involve providing SMS and other content applications and services for mobile devices. Software, maintenance and consulting involves providing enterprise software for designing, developing and manipulating database systems and applications.

The Company considers all revenues and expenses to be of an operating nature and accordingly, allocates them to the segments. Costs specific to a segment are charged directly to the segment. Company operating expenses are allocated to either of the segments based on gross revenues. Significant assets of the Company include working capital, an investment and equipment. The accounting policies of the reportable segments are the same as those described in the summary of the significant accounting policies.

The following table sets forth external revenues, cost of revenues (including depreciation expense), operating expenses (including depreciation expense) and other amounts attributable to these segments:

Year ended March 31, 2020	Mobile			Software, Maintenance  and Consulting			Total
		$			$			$
Revenue		68,701			278,808			347,509
Cost of revenue		1,372			17,857			19,229
Gross margin		67,329			260,951			328,280
Allocation of operating expenses		117,444			455,184			572,628
Allocation of interest income		(2,494	)		(9,666	)		(12,160	)
		114,950			445,518			560,468
Income (loss) before the following		(47,621	)		(184,567	)		(232,188	)
Gain on sale of investment								(220,233	)
Revaluation of investments								(2,956	)
Net loss								(8,999	)

Year ended March 31, 2019	Mobile			Software, Maintenance  and Consulting			Total
		$			$			$
Revenue		122,638			577,411			700,049
Cost of revenue		2,071			18,517			20,588
Gross margin		120,567			558,894			679,461
Allocation of operating expenses		105,387			488,527			593,914
Allocation of interest income		(2,476	)		(11,480	)		(13,956	)
		102,911			477,047			579,958
Income before the following		17,656			81,847			99,503
Revaluation of investments								(604,013	)
Net income								703,516

Year ended March 31, 2018	Mobile			Software, Maintenance and Consulting			Total
		$			$			$
Revenue		108,485			394,757			503,242
Cost of revenue		2,886			12,888			15,774
Gross margin		105,599			381,869			487,468
Allocation of operating expenses		128,183			463,536			591,719
Allocation of gain on sales of assets		(3,377	)		(12,214	)		(15,591	)
Allocation of dividend income		(9,912	)		(35,846	)		(45,758	)
		114,893			415,477			530,370
Net loss		(9,294	)		(33,608	)		(42,902	)

The following table sets forth total assets used by each segment:

TOTAL ASSETS	March 31, 2020		March 31, 2019
		$		$
Mobile		263,676		268,115
Software, Maintenance  and Consulting		1,070,073		1,262,352
Total assets		1,333,749		1,530,467

The following tables set forth external revenues and long-lived assets attributable to geographic areas. External revenues are based on the location of the customer:

	March 31, 2020		March 31, 2019
		$		$
Long-lived assets
Canada		16,017		19,220
Brazil		1,208		1,579
Total long-lived assets		17,225		20,799

Total Revenue	Year ended March 31, 2020		Year ended March 31, 2019		Year ended March 31, 2018
		$		$
United States		55,548		235,591		34,076
Brazil		191,043		170,056		218,435
Canada		14,878		41,464		141,511
Singapore		68,907		22,775		108,485
Austria		17,133		130,163		735
Total revenue		347,509		700,049		503,242

Management evaluates each segment’s performance based upon revenues and gross margins achieved.