BUSINESS SEGMENTS

3 Months Ended

Jun. 30, 2020

12. BUSINESS SEGMENTS

Prior to deconsolidation of PRAMA, a hospitality company, the Company was two segment company. Following, the deconsolidation of PRAMA business, the Company’s chief operating decision maker changed the information he receives to manage, assess, operate the business and to allocate capital. Accordingly, the Company changed its operating segments to comprise only eCommerce aggregation services.

The Company management currently do not separate its business in any operating segments and all net revenues are derived from transactions with third party customers, there are no inter-segment revenues. All of the net revenue is derived from operations in India, substantially all of the expenses are borne in India, with certain expenses borne in the US.

The Company measures segment performance based on loss from continuing operations. Summarized financial information concerning each of the Company's reportable segments is as follows:

	Three months ended June 30, 2020
	eCommerce Aggregator			Hospitality		Intersegment elimination		Consolidated total
Segment results and total assets
Net revenue	$	43,593		$	-	$	-	$	43,593

Cost of revenues		(29,185	)		-		-		(29,185	)
Operating expenses		(161,219	)		-		-		(161,219	)
Loss from operations, before other expense, net		(146,811	)		-	$	-		(146,811	)
Other expense, net		(17,075	)		-		-		(17,075	)
Net loss	$	(163,886	)	$	-	$	-	$	(163,886	)
Total assets	$	984,207		$	-	$	-	$	984,207

During the quarter ended June 30, 2020, the Company derived 100% of its revenue from eCommerce Aggregation compared to 93% and 7% of its revenue from its Hospitality and eCommerce Aggregation segments, respectively, for the quarter ended June 30, 2019.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

TripBorn, Inc. 10-Q