Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 127

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 127
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 all of the ongoing operations of the
combined entity, and (iii) Real Messenger Corporation comprises a majority of the governing body of the combined company, and the
Company’s senior management comprising the senior management of the combined company. Accordingly, for accounting purposes,
this transaction was treated as the equivalent of the Company issuing share for the net assets of Nova SPAC, accompanied by a
recapitalization. The net assets of Nova SPAC were recorded at historical carrying amount, with no goodwill or other intangible assets
recorded. Operations prior to the reverse recapitalization are those of Real Messenger Corporation.

5. SEGMENT REPORTING

ASC
280 Segment Reporting establishes standards for reporting information about operating segments on a basis consistent with the Company’s
internal organizational structure as well as information about geographical areas, business segments and major users in financial statements
for details on the Company’s business segments.

The
Company uses the management approach to determine reportable operating segments. The management approach considers the internal organization
and reporting used by the Company’s CODM for making decisions, allocating resources and assessing performance.

Based
on the management’s assessment, the Company determined that it has only one reportable operating segment, as defined by ASC 280.
The following tables present the summary information by segment for the years ended March 31, 2025, 2024 and 2023:

SCHEDULE
OF SEGMENT REPORTING

                                           For the Years Ended March 31,                                                                         
                                           2025                                                2024                       2023                   
  Revenues                                 $                                            -      $                   -      $                   -  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Sales and marketing expenses                                                  ( 716,264                ( 1,771,614                ( 2,051,550  
  General and administrative expenses                                         ( 1,838,740                ( 1,657,879                ( 1,315,509  
  Research and development expenses                                             ( 832,565                ( 1,459,828                  ( 929,916  
  Total other income (expense), net                                                11,159                    ( 9,685                     33,744  
  Income tax expense                                                                    -                          -                          -  
  Net loss                                 $                                  ( 3,376,410      $         ( 4,899,006      $         ( 4,263,231  

The
Company’s long-lived assets are all