Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 151

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 19
Chunk 151
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 or revised and it has different application dates for public or private companies, the Company, as an emerging
growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison
of the Company’s financial statements with another public company which is not an emerging growth company that has opted out of
using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

F-13

K-TECH SOLUTIONS COMPANY LIMITED AND SUBSIDIARY

NOTE 3 - BUSINESS SEGMENT AND DISAGGREGATION
OF REVENUE

A summary of the Company’s
revenue disaggregated by major service lines and timing of revenue recognition of the years ended March 31, 2023, 2024 and 2025,
respectively, are as follow:

                               Year ended March 31,                                                                      
                               2025                                      2024                      2023                  
                               US$                                       US$                       US$                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Sales of finished goods                                18,110,016                16,730,463                16,402,720  
  Sales for tooling                                         502,518                   393,315                   236,023  
                                                         18,612,534                17,123,778                16,638,743  

In accordance with ASC 280,
Segment Reporting (“ ASC 280”), the Company hasonereportable business segments. Sales are based on the countries in
which the customers are from overseas including United States of America, United Kingdom and Europe. Summarized financial information
concerning our geographic segments is shown in the following tables:

                                Year ended March 31,                                                                      
                                2025                                      2024                      2023                  
                                US$                                       US$                       US$                   
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  United States of America                                12,810,726                12,389,864                14,854,985  
  United Kingdom                                           1,517,635                   953,375                 1,095,388  
  Europe                                                   4,284,173                 3,780,278                   688,370  
  Others                                                           —                       261                         —  
                                                          18,612,534                17,123,778                16,