SEGMENT INFORMATION

6 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 16 – SEGMENT INFORMATION

The Company’s business is currently classified by management into two reportable business segments: online and beverage. The online business reportable segment is an aggregation of the Company’s online operating segments, which are organized to sell the Company’s products to Affiliates through its websites. The online business reportable segment derives revenue from the sales of nutritional products, personal care products and EFT-phones and access fees for its network platform. The beverage business reportable segment derives revenue and expense from the bottled water factory in Baiquan, Heilongjiang Province, the PRC.

Until March 31, 2014, the Company had a third reportable business segment, the transportation segment. The transportation segment, which derived revenue from transporting passengers and cargo between Taiwan and Mainland China through the Taiwan Strait, was discontinued during the quarter ended June 30, 2014 and therefore was classified as a discontinued operation as of September 30, 2014.

Unallocated items comprise mainly corporate expenses and corporate assets.

Although substantially all of the Company’s revenue is generated from Mainland China, the Company is organizationally structured along business segments. The accounting policies of each of the Company’s operating segments are the same as those described in Note 2, “Summary of Significant Accounting Policies.”

The following tables provide the business segment information as of and for the three months ended September 30, 2014 and 2013. Income tax allocations have been determined based on statutory rates in the applicable business segment.

	Three months ended September 30, 2014
	Online		Beverage
	business		business		Unallocated items		Total
Total revenues, net	$	163,965	$	-	$	-	$	163,965
Total cost of revenues		(89,025)		-		-		(89,025)
Gross profit		74,940		-		-		74,940
Operating expenses:
Selling, general and administrative expenses		516,945		55,333		276,297		848,575
Provision for inventory obsolescence		62,255		-		-		62,255
Royalty expenses		228,202		-		-		228,202
Total operating expenses		807,402		55,333		276,297		1,139,032
Net operating loss		(732,462)		(55,333)		(276,297)		(1,064,092)
Other income		(15,421)		(557)		1,396,004		1,380,026
Allocated income tax expense		-		-		(1,872)		(1,872)
Income/(loss) after income tax		(747,883)		(55,890)		1,117,835		314,062
Total long-lived assets		39,844		954,498		2,524		996,866
Additions to long-lived assets		-		-		-		-

	Three months ended September 30, 2013
	Online		Beverage
	business		business		Unallocated items		Total
Total revenues, net	$	646,432		1,252		0		647,684
Total cost of revenues		(188,492)		(3,280)		0		(192,311)
Gross profit/(loss)		457,940		(2,567)		0		455,373
Operating expenses:
Selling, general and administrative expenses		924,023		83,675		801,190		1,808,888
Provision for inventory obsolescence		(44,158)		0		0		(44,158)
Royalty expenses		37,339		0		0		37,339
Total operating expenses		917,203		83,675		801,190		1,802,068
Net operating loss		(459,263)		(86,242)		(801,190)		(1,346,695)
Other income		52,845		(1)		21,258		74,103
Allocated income tax benefit/(expense)		8,790		0		(57)		8,733
Loss after income tax		(397,628)		(86,243)		(779,989)		(1,263,860)
Total long-lived assets		107,658		1,128,555		21,959		1,258,172
Additions to long-lived assets		1,517		0		1		1,518

The following tables provide the business segment information as of and for the six months ended September 30, 2014 and 2013. Income tax allocations have been determined based on statutory rates in the applicable business segment.

	Six months ended September 30,2014
		Online		Beverage
		business		business		Unallocated items		Total
Total revenues, net		$	461,943		-		-		461,943
Total cost of revenues			(172,677)		-		-		(172,677)
Gross profit			289,266		-		-		289,266
Operating expenses:
Selling, general and administrative expenses			895,350		114,457		1,580,987		2,590,794
Provision for inventory obsolescence			119,231		-		-		119,231
Royalty expenses			250,000		-		-		250,000
Total operating expenses			1,264,581		114,457		1,580,987		2,960,025
Net operating loss			(975,315)		(114,457)		(1,580,987)		(2,670,759)
Other income			86,721		4,785		2,342,668		2,434,174
Allocated income tax expense			-		-		(1,872)		(1,872)
Income/(loss) after income tax			(888,594)		(109,672)		759,809		(238,457)
Total long-lived assets			39,844		954,498		2,524		996,866
Additions to long-lived assets			-		-		-		-

	Six months ended September 30, 2013
	Online		Beverage
	business		business		Unallocated items		Total
Total revenues, net	$	1,145,872		7,834				1,153,706
Total cost of revenues		(387,156)		(6,413)				(393,568)
Gross profit		758,716		1,422				760,138
Operating expenses:
Selling, general and administrative expenses		1,471,929		176,570		1,612,390		3,260,889
Provision for inventory obsolescence		105,207						105,207
Royalty expenses		80,404						80,404
Total operating expenses		1,657,539		176,570		1,612,390		3,446,499
Net operating loss		(898,823)		(175,148)		(1,612,390)		(2,686,361)
Other income		95,017				112,148		207,166
Allocated income tax benefit/(expense)		8,790				(57)		8,733
Loss after income tax		(795,016)		(175,148)		(1,500,299)		(2,470,463)
Total long-lived assets		107,658		1,128,555		21,959		1,258,172
Additions to long-lived assets		1,517				5,107		6,624