| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Note 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying consolidated
financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US
GAAP”) and have been consistently applied. Certain prior year balances in the consolidated statements of operations and comprehensive
(loss) and cash flows have been reclassified to the current year’s presentation. Basis of consolidation The accompanying consolidated
financial statements include the financial statements of the Company, its subsidiaries, its consolidated VIEs and VIE’s subsidiaries
for which the Company is the primary beneficiary. All inter-company transactions and balances have been eliminated upon consolidation. Due to the disposal of the
social E-commerce business, which represented a strategic shift and had a major effect on the Company’s results of operations, revenues,
costs and expenses related to the social E-commerce Business have been reclassified in the accompanying consolidated financial statements
as discontinued operations for all the periods presented. Assets and liabilities of the social E-commerce business were reclassified separately
from other assets and liabilities of the Company on the consolidated balance sheets. Refer to Note 1 and Note 4. Consolidated VIEs VIE arrangements In order to comply with the
PRC laws and regulations which prohibit or restrict foreign investments into companies involved in restricted businesses, the Company
operates its marketplace and restricted businesses in the PRC through certain PRC domestic companies, whose equity interests are held
by certain management members of the Company or onshore nominees of the Company (“Nominee Shareholders”). The Company obtained
control over these PRC domestic companies by entering into a series of contractual arrangements with these PRC domestic companies and
their respective Nominee Shareholders. These contractual agreements cannot be unilaterally terminated by the Nominee Shareholders or the
PRC domestic companies. As a result, the Company maintains the ability to control these PRC domestic companies and is entitled to substantially
all of the economic benefits from these PRC domestic companies. Management concluded that these PRC domestic companies are VIEs of the
Company, of which the Company is the ultimate primary beneficiary. As such, the Company consolidated financial results of these PRC domestic
companies and their subsidiaries in the Group’s consolidated financial statements. The principal terms of the agreements entered
into amongst the VIEs, their respective shareholders and the WFOE are further described below. Exclusive Business
Cooperation Agreements The Exclusive Business Cooperation
Agreements enable the WOFE to receive substantially all of the assets and business of the VIEs in the PRC. Under these Agreements, the
WOFE has the exclusive right to provide the VIEs with comprehensive technical support, consulting services and other services during the
term of these Agreements, including but not limited to software licensing; development, maintenance and update of software, network systems,
hardware and database; technical support and training for employees; consultancy on technology and market information; business management
consultation; marketing and promotion services, etc. The WOFE has the right to determine the fees associated with the services it provides
based on the technical difficulty and complexity of the services, the actual labor costs it incurs for providing the services and some
other factors during the relevant period. This Agreements remain effective unless otherwise terminated in writing by WOFE. Equity Interest Pledge Agreements Pursuant to the Equity Interest
Pledge Agreements, each Shareholder of the VIEs agreed to pledge their equity interest in the VIEs to the WOFE to secure the performance
of the VIEs’ obligations under the Exclusive Business Cooperation Agreements and any such agreements to be entered into in the future.
Shareholders of the VIEs agreed not to transfer, sell, pledge, dispose of or otherwise create any encumbrance on their equity interests
in the VIEs without the prior written consent of the WOFE. The Pledges became effective on such date when the pledge of the Equity Interest
contemplated herein were registered with the relevant administration for industry and commerce (the “AIC”) and remain effective
until all contract obligations have been fully performed and all secured indebtedness has been fully paid. Exclusive Option
Agreements Pursuant to the Exclusive
Option Agreements, each of the Shareholders of the VIE irrevocably grant the WOFE an irrevocable and exclusive right to purchase, or designate
one or more persons (including individuals, corporations, partnerships, partners, enterprises, trusts or non-corporate organizations)
to purchase the equity interests in the VIEs then held by such Shareholder of the VIEs once or at multiple times at any time in part or
in whole at the WOFE’s sole and absolute discretion to the extent permitted by Chinese laws at the price of RMB 1 or at the price
of the minimum amount of consideration permitted by the applicable PRC law at the time when such purchase occurs. These three Agreements
remain effective until all equity interests held by the shareholders of the VIEs in the VIEs have been transferred or assigned to the
WOFE and/or its designees. Loan Agreements Pursuant to the three Loan
Agreements, the WOFE agreed to lend each of the Shareholders of VIEs a loan only to subscribe to the registered capital of the VIEs. The
repayment of the loan shall be made by permitting the WOFE to execute its exclusive right to purchase shares from the shareholders of
the VIEs under the Exclusive Option Agreement as the repayment is equivalent to the consideration of the purchased shares. The term of
these loans is 10 years, which may be extended upon mutual written consent of all parties. Power of Attorney Each Shareholder of the VIEs,
executed a Power of Attorney agreement with the WOFE and the VIEs, whereby Shareholders of the VIEs irrevocably appoint and constitute
the WOFE as their attorney-in-fact to exercise on the shareholders’ behalf any and all rights that Shareholders of the VIEs have
in respect of their equity interests in the VIEs. These three Power of Attorney documents remain irrevocable and continuously effective
and valid as long as the original shareholders of the VIEs remain as the Shareholders of the VIEs. Risks in relation to the VIE structure The Company believes that
the contractual arrangements with its VIEs and their respective shareholders are in compliance with the PRC laws and regulations and are
legally enforceable. However, uncertainties in the PRC legal system could limit the Company’s ability to enforce the contractual
arrangements. If the legal structure and contractual arrangements were found to be in violation of the PRC laws and regulations, the PRC
government could:
● revoke the business and operating licenses of the Company’s PRC subsidiary and VIEs;
● discontinue or restrict the operations of any related-party transactions between the Company’s PRC subsidiary and VIEs;
● limit the Company’s business expansion in the PRC by way of entering into contractual arrangements;
● impose fines or other requirements with which the Company’s PRC subsidiary and VIEs may not be able to comply;
● require the Company or the Company’s PRC subsidiary and VIEs to restructure the relevant ownership structure or operations; and/or
● restrict or prohibit the Company’s use of the proceeds of the additional public offering to finance the Company’s business and operations in the PRC. The Company’s ability
to conduct its Online Marketplace business may be negatively affected if the PRC government were to carry out any of the aforementioned
actions. As a result, the Company may not be able to consolidate its VIEs in its consolidated financial statements as it may lose the
ability to exert effective control over the VIEs and their respective shareholders and it may lose the ability to receive economic benefits
from the VIEs. The Company, however, does not believe such actions would result in the liquidation or dissolution of the Company, its
PRC subsidiary and VIEs. The interests of the shareholders
of VIEs may diverge from that of the Company and that may potentially increase the risk that they would seek to act contrary to the contractual
terms, for example by influencing the VIEs not to pay the service fees when required to do so. The Company cannot assure that when conflicts
of interest arise, shareholders of the VIEs will act in the best interests of the Company or that conflicts of interests will be resolved
in the Company’s favor. Currently, the Company does not have existing arrangements to address potential conflicts of interest the
shareholders of the VIEs may encounter in their capacity as beneficial owners and directors of the VIEs, on the one hand, and as beneficial
owners and directors of the Company, on the other hand. The Company believes the shareholders of VIEs will not act contrary to any of
the contractual arrangements and the exclusive option agreements provide the Company with a mechanism to remove the current shareholders
of the VIEs should they act to the detriment of the Company. The Company relies on certain current shareholders of the VIEs to fulfill
their fiduciary duties and abide by laws of the PRC and act in the best interest of the Company. If the Company cannot resolve any conflicts
of interest or disputes between the Company and the shareholders of the VIEs, the Company would have to rely on legal proceedings, which
could result in disruption of its business, and there is substantial uncertainty as to the outcome of any such legal proceedings. In May 2023, the Company
completed the disposal of its social E-commerce business. After that, no VIEs or its subsidiaries were included in the consolidated financial
statement of the Company. As a result, the Company’s results of operations, revenues, costs and expenses related to the social E-commerce
Business have been reclassified in the accompanying consolidated financial statements as discontinued operations for all the periods presented.
Assets and liabilities of the social E-commerce business were reclassified separately from other assets and liabilities of the Company
on the consolidated balance sheets. Refer to Note 1 and Note 4. The following financial statement
amounts and balances of the consolidated VIEs were included in net income (loss) from discontinued operation in the accompanying consolidated
statements of operations and comprehensive (loss) income.
As of As of
USD USD
Current Assets:
Cash and cash equivalents — 678,691
Accounts receivable and contract assets, net — 10,062
Prepayments and other assets — 43,779
Amounts due from related parties — 26,206,288
Total Current Assets — 26,938,820
Property, equipment and software, net — 28,698
Total Assets 26,967,518
Current Liabilities
Accrued expenses and other current liabilities — 32,430
Taxes (benefit) payable — (12,624 )
Total Current Liabilities — 19,806
Total Liabilities — 19,806 Year ended Year ended Year ended March 31, March 31, March 31, USD USD USD Net revenues 694 27,324 311,725 Net loss (12,479 ) (348,806 ) (11,527,588 )
Year ended Year ended Year ended
March 31, March 31, March 31,
USD USD USD
Net cash provided by (used in) operating activities 12,497 (559,973 ) 5,613,401
Net cash (used in) investing activities - - (1,455,547 )
Net cash provided by (used in) financing activities 213,879 (1,156,948 ) (13,203,558 ) Uses of estimates The preparation of consolidated
financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported
amounts of revenue and expenses during each reporting period. Actual results could differ from such estimates. Significant accounting
estimates reflected in the Company’s consolidated financial statements include estimates and judgments applied in allocation of
revenue with various performance obligations, allowance for accounts receivable and contract assets, impairment on long-term investments,
valuation allowance for deferred tax assets, valuation of share-based compensation and allowance for loans receivable and other receivable. Fair value of financial instruments Fair value is the price that
would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement
date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the
Company considers the principal or most advantageous market in which it would transact and the market-based risk measurement or assumptions
that market participants would use when pricing the asset or liability. The Company follows the provisions
of Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) 820, Fair Value Measurements
and Disclosures. ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value
hierarchy to classify the inputs used in measuring fair value as follows: Level 1 - Inputs
are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. Level 2 - Inputs
are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities
in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable
market data. Level 3 - Inputs
are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use
in pricing the asset or liability based on the best available information. The carrying amounts reported
in the balance sheets for cash, receivables, prepayments and other assets, loan principal and interest receivable, approximate their fair
value based on the short-term maturity of these instruments. The Company did not transfer any assets or liabilities in or out of level
3 during the years ended March 31, 2023, 2022 and 2021. The Company’s long-term
investments consist of equity securities and available-for-sale investments. For long-term investments without readily determinable fair
value, the Company is not able to estimate fair value, hence, the Company uses the cost minus impairment method as alternative. Discontinued Operations A component of a reporting
entity or a group of components of a reporting entity that are disposed or meet the criteria to be classified as held for sale, such as
the management, having the authority to approve the action, commits to a plan to sell the disposal group, should be reported in discontinued
operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial
results. Discontinued operations are reported when a component of an entity comprising operations and cash flows that can be clearly distinguished,
operationally and for financial reporting purposes, from the rest of the entity is classified as held for disposal or has been disposed
of, if the component either (1) represents a strategic shift or (2) have a major impact on an entity’s financial results and operations.
Included in the consolidated statements of operations and comprehensive (loss) income, result from discontinued operations have been reported
separately from the income and expenses from continuing operations and prior periods have been presented on a reclassified comparative
basis. In order to present the financial effects of the continuing operations and discontinued operations, revenues and expenses arising
from intra-group transactions are eliminated except for those revenues and expenses that are considered to continue after the disposal
of the discontinued operations. Due to the disposal of the
social E-commerce business, which represented a strategic shift and had a major effect on the Company’s results of operations, revenues,
costs and expenses related to the social E-commerce business have been reclassified in the accompanying consolidated financial statements
as discontinued operations for all the periods presented. Revenue recognition In February 2022, the Company
started its business in the US market for the sale of medical devices. In May 2020, the Company launched its social e-commerce platform
and built collaboration with domestic mainstream E-commerce marketplaces, which was discontinued in fiscal year 2023 and disposed in May
2023. The Company provides recommendation services by referring certain interested users to those marketplaces for high-quality and affordable
branded products. Prior to business transformation, the Company through its P2P business offered online consumer lending-related service
in fiscal year 2020, which was discontinued in fiscal year 2021 and disposed on December 30, 2020. The Company presents value added taxes
(“VAT”) as a reduction of revenues. Revenues generated are accounted
under Accounting Standards Update (ASU) 2014-09, “Revenue from contracts with Customers” (Topic 606). The core principle of
the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount
that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core
principle, the Company applies the following steps: Step 1: Identify the contract (s) with
a customer Step 2: Identify the performance obligations
in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to
the performance obligations in the contract Step 5: Recognize revenue when (or as) the
entity satisfies a performance obligation Online marketplace services
● Commission revenue The commission services revenue
primarily consists of commission fees charged to the online E-commerce marketplace for recommending users to purchase on their marketplaces,
where the Company generally is acting as an agent and its performance obligation is to provide recommendation services for purchasing
specified goods or services by those third-party sellers, is not responsible for fulfilling the promise to provide the specified goods
or services, and does not have the ability to control the related shipping services when utilized by the third-party sellers. Upon successful
sales, the Company will charge the online E-commerce companies a negotiated amount or a fixed rate commission fee based on the sales amount.
Commission services revenues are recognized on a net basis at the point of receipt of products, net of a return allowance and incentives
to consumers or channels. In order to promote its online
marketplace and attract more registered consumers, the Company at its own discretion offers incentives to consumers. Consumers are not
customers of the Company, therefore incentives offered to consumers are not considered payments to customers. Such incentives offered
to consumers were as a reward for purchasing by themselves or their sharing through our platform. Incentives provided to consumers are
specific to any merchant and are recognized as a reduction of commission service revenue. For the years ended March 31, 2024, 2023, 2022,
the total amount of incentives was nil nil
● Interest income Started in August 2017, the
Company lent funds to borrowers up to their approved credit through its consolidated VIE, and since May 2019, the Company has ceased to
issue new loans through its microlending business. Interest income on loans receivable is recognized monthly based on the contractual
interest rates of the loan. Accrual of interest is generally discontinued when reasonable doubt exists as to the full, timely collection
of interest or principal. When a loan is discontinued from interest accrual, the Company stops accruing interest and reverses all accrued
but unpaid interest as of such date. Interest income was nil nil
● Sales of medical devices Started in February 2022,
through its subsidiary Akso Online MediTech, the Company engaged in the sale of Covid-19 Antigen Rapid Tests in US market. For the years
ended March 31, 2024, 2023 and 2022, revenue generated from sale of Covid-19 Antigen Rapid Tests was nil
● Disaggregation of revenue All of the Company’s revenue for the years
ended March 31, 2024 was generated from PRC and revenue for the year ended March 31, 2023 were generated from US and PRC, and for the
year ended March 31, 2022 were generated from US. The following table illustrates the disaggregation of revenue:
Year ended Year
ended Year ended
March 31, March 31, March 31,
USD USD USD
Revenue
Revenue from medical devices-US - 9,181,274 6,000,000
Revenue from medical devices-PRC 2,416,797 4,005,251 -
Total revenues 2,416,797 13,186,525 6,000,000
Tax and surcharges 2,459 4,964 -
Net Revenues 2,414,338 13,181,561 6,000,000 Cash and cash equivalents Cash and cash equivalents
represent cash on hand, unrestricted demand deposits, and other short-term highly liquid investments placed with banks, which have original
maturities of three months or less and are readily convertible to known amounts of cash. Accounts receivable and allowance
for uncollectible accounts Accounts receivable are mainly
receivables from online E-commerce marketplaces and recommendation services, which are stated at the historical carrying amount net of
allowance for uncollectible accounts. The Company establishes an allowance for uncollectible accounts receivable based on estimates, historical
experience and other factors surrounding the credit risk of specific customers. Uncollectible accounts receivables are written off when
a settlement is reached for an amount that is less than the outstanding historical balance or when the Company has determined that is
not probable for the balance to be collected. Beginning on April 1, 2020, the Company evaluates its accounts receivable for expected credit
losses on a regular basis. The Company maintains an estimated allowance for credit losses to reduce its accounts receivable to the amount
that it believes will be collected. The Company uses the length of time a balance has been outstanding, the payment history, creditworthiness
and financial conditions of the customers and industry trend as credit quality indicators to monitor the Company’s receivables within
the scope of expected credit losses model and use these as a basis to develop the Company’s expected loss estimates. The Company
adjusts the allowance percentage periodically when there are significant differences between estimated bad debts and actual bad debts.
If there is strong evidence indicating that the accounts receivable is likely to be unrecoverable, the Company also makes a specific allowance
in the period in which a loss is determined to be probable. Accounts receivable balances are written off after all collection efforts
have been exhausted. As of March 31, 2024 and 2023, the allowance for uncollectible accounts receivable balance was US$ 7,369,797 and
US$ 400,759, respectively. Inventories Inventories are comprised
of finished goods, which are defibrillators and anesthesia laryngoscope, and are stated at the lower of cost or net realizable value using
first in first out (FIFO) method. Management reviews inventories for obsolescence and cost in excess of net realizable value periodically
when appropriate and records a reserve against the inventory when the carrying value exceeds net realizable value. As of March 31, 2024,
the Company determined that no allowance was necessary. Property and equipment, net Property and equipment are
stated at cost. Depreciation and amortization are calculated using the straight-line method over the following estimated useful lives:
Useful
Office equipment 3-5 years The Company eliminates the
cost and related accumulated depreciation and amortization of assets sold or otherwise retired from the accounts and includes any gains
or losses from disposal of property, equipment, and software in other income. The Company charges maintenance, repairs, and minor renewals
directly to expense as incurred; major additions and betterments to equipment are capitalized. For the disposal of social E-commerce business,
property and equipment, net was recorded in discontinued operations. Impairment of long-lived assets The carrying value of the
long-lived assets are reviewed for impairment, whenever events or changes in circumstances indicate the carrying value of an asset may
not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of assets to future
undiscounted net cash flows expected to be generated by the assets. Such assets are considered to be impaired if the sum of the expected
undiscounted cash flows is less than carrying amount of the assets. The impairment to be recognized is measured by the amount by which
the carrying amounts of the assets exceed the fair value of the assets. No Advertising and promotion expenses The Company recognizes its
advertising and promotion expenses as sales and marketing expense. Advertising expenses represent expenses for placing advertisements
on television, radio and in newspapers, as well as on internet websites and search engines. Advertising and promotion costs are expensed
as incurred. For the years ended March 31, 2024, 2023 and 2022, the advertising and promotion expenses were US$ 168,421, US$ 6,661,
nil Lease Upon the adoption of FASB
ASC 842 on April 1, 2019 using the modified retrospective method, the Company determines if an arrangement is a lease or contains a lease
at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities,
in the Company’s consolidated balance sheets. The Company does not have any finance leases as of the adoption date or March 31,
2022. ROU represents the Company’s
right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments
arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease
payments over the lease term. When determining the lease term, the Company includes options to extend or terminate the lease when it is
reasonably certain that it will exercise that option, if any. As the Company’s leases do not provide an implicit rate, the Company
uses its incremental borrowing rate, which it calculates based on the credit quality of the Company and by comparing interest rates available
in the market for similar borrowings, and adjusting this amount based on the impact of collateral over the term of each lease. For operating lease with
a term of one Warrants The Company accounts for
warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms
and applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) ASC 480 “Distinguishing Liabilities
from Equity” (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether
the warrants are freestanding financial instruments pursuant to ASC 480, whether they meet the definition of a liability pursuant to ASC
480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are
indexed to the Company’s own common stock and whether the warrant holders could potentially require “net cash settlement”
in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires
the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent annually period end date while
the warrants are outstanding. For issued or modified warrants
that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of equity at the time
of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to
be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the
estimated fair value of the warrants are recognized as a non-cash gain or loss on the statements of operations (Note 17). Share-based
compensation Under the Amended and Restated
2016 Equity Incentive Plan, the Company grants share options to the Company’s selected employees, and directors. Awards granted
to employees with service conditions attached are measured at the fair value on the grant date and are recognized as an expense using
straight-line method, net of estimated forfeitures, over the requisite service period, which is generally the vesting period. The estimate
of forfeitures will be adjusted over the requisite service period to the extent that actual forfeitures differ, or are expected to differ,
from such estimates. Changes in estimated forfeitures will be recognized through a cumulative catch-up adjustment in the period of change
and will also impact the amount of share-based compensation expense to be recognized in future periods. Awards granted to employees
with performance conditions attached are measured at fair value on the grant date and are recognized as compensation expense in the period
and thereafter when the performance goal becomes probable to achieve. Awards granted to employees with market conditions attached
are measured at fair value on the grant date and are recognized as compensation expense over the estimated requisite service period, regardless
of whether the market condition has been satisfied if the requisite service period is fulfilled. Binomial option-pricing models
are adopted to measure the value of awards at each grant date or measurement date. The determination of fair value is affected by assumptions
relating to a number of complex and subjective variables, including but not limited to the expected share price volatility, actual and
projected employee share option exercise behavior, risk-free interest rates and expected dividends. The use of the option-pricing model
requires extensive actual employee exercise behavior data for the relative probability estimation purpose, and a number of complex assumptions. Treasury stock Treasury stock represents
ordinary shares repurchased by the Company that are no longer outstanding and are held by the Company. The repurchase of ordinary shares
is accounted for under the cost method whereby the entire cost of the acquired shares are recorded as treasury stock. The cost of treasury
stock is transferred to “additional paid-in capital” when it is re-issued for the purpose of share options exercised and share
awards. Income taxes The Company accounts for
current income taxes in accordance with the laws of the relevant tax authorities. The charge for taxation is based on the results for
the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted
or substantively enacted by the balance sheet date. The Company accounts for
income tax under the asset and liability method, which requires recognition of deferred tax assets and liabilities for the expected future
tax consequences of the events that have been included in the financial statements or tax returns. Under this method, deferred income
taxes will be recognized if significant temporary differences between tax and financial statements occur. A valuation allowance is established
against net deferred tax assets when it is more likely that some portion or all of the net deferred tax asset will not be realized. For
the years ended March 31, 2024, 2023 and 2022, the Company provided a full valuation allowance on the net deferred tax assets. The Company may be subject
to challenges from taxing authorities regarding the amounts of taxes due. These challenges may alter the timing or amount of taxable income
or deductions. Management determines whether the benefits of its tax positions are more-likely-than-not of being sustained upon audit
based on the technical merits of the tax position. The Company records a liability for uncertain tax positi |
