Consolidated Segment Data

6 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Consolidated Segment Data

11. CONSOLIDATED SEGMENT DATA

Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. The segment data presented reflects this segment structure. The Company reports financial and operating information in the following two segments:

(a) Manufacturing of garments (the “Manufacturing segment”); and

(b) Providing logistic services (the “Service segment”).

The Company also provides general corporate services to its segments and these costs are reported as “Corporate and others”.

Selected information in the segment structure is presented in the following tables:

Revenues by segment for the three and six months ended September 30, 2017 are as follows:

Revenues	3 months ended September 30, 2017		6 months ended September 30, 2017
Manufacturing segment	$	1,755,090	$	3,728,359
Service segment		2,219,707		4,549,529
	$	3,974,797	$	8,277,888

Income from operations by segment for the three and six months ended September 30, 2017 are as follows:

Operating income (loss)	3 months ended September 30, 2017			6 months ended September 30, 2017
Manufacturing segment	$	428,606		$	(124,521	)
Service segment		191,358			173,043
Corporate and other		(58,337	)		(81,037	)
Income (loss) from operations	$	561,627		$	(32,515	)
Manufacturing segment		-			(89	)
Service segment		-			(21	)
Corporate and other		33			33
Income (loss) before income tax expense	$	561,660		$	(32,592	)
Income tax expense		(5,494	)		(7,737	)
Net income (loss)	$	556,166		$	(40,329	)

Depreciation and amortization by segment for the three and six months ended September 30, 2017 are as follows:

Depreciation	3 months ended September 30, 2017		6 months ended September 30, 2017
Manufacturing segment	$	7,930	$	15,624
Service segment		20,433		40,265
	$	28,363	$	55,889

Total assets by segment at September 30, 2017 and March 31, 2017 are as follows:

Total assets	September 30, 2017		March 31, 2017
Manufacturing segment	$	5,846,260	$	5,658,528
Service segment		3,924,149		3,755,852
Corporate and other		421,610		120,031
	$	10,192,019	$	9,534,411

Goodwill by segment at September 30, 2017 and March 31, 2017 is as follows:

Goodwill	September 30, 2017		March 31, 2017
Manufacturing segment	$	475,003	$	475,003
Service segment		454,659		454,659
	$	929,662	$	929,662