| Schedule of Components of Finance Costs |
The components of finance costs were as follows:
| | |
Three months ended
December 31, | | |
Nine months ended
December 31, | |
| (In USD) | |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| Finance costs -other than related parties | |
| | |
| | |
| | |
| |
| Interest on vehicle loans | |
$ | 68,032 | | |
$ | 97,341 | | |
$ | 230,116 | | |
$ | 288,279 | |
| Interest on finance leases | |
| 180,841 | | |
| 152,659 | | |
| 448,050 | | |
| 469,140 | |
| Interest on subcontractor liability | |
| 23,098 | | |
| 23,435 | | |
| 69,586 | | |
| 70,585 | |
| Issuance cost towards issue of common stock and warrants | |
| 2,868,085 | | |
| - | | |
| 2,868,085 | | |
| - | |
| Change in fair value of derivative financial instruments | |
| - | | |
| - | | |
| - | | |
| 3,465,293 | |
| Change in fair value of preferred stock warrant liability | |
| - | | |
| 5,704,739 | | |
| - | | |
| 5,284,494 | |
| Discount on issue of Atalaya Note | |
| - | | |
| 632,595 | | |
| - | | |
| 632,595 | |
| Interest on redeemable promissory notes | |
| 528,344 | | |
| - | | |
| 1,995,967 | | |
| - | |
| Change in fair value of Atalaya Note | |
| 244,658 | | |
| 1,732,589 | | |
| - | | |
| 1,732,589 | |
| Note issue expenses | |
| - | | |
| - | | |
| - | | |
| 1,564,210 | |
| Bank charges | |
| 5,100 | | |
| 4,990 | | |
| 18,705 | | |
| 28,920 | |
| Other borrowings cost | |
| 132,698 | | |
| 44,122 | | |
| 496,652 | | |
| 92,727 | |
| Total | |
$ | 4,050,856 | | |
$ | 8,392,470 | | |
$ | 6,127,161 | | |
$ | 13,628,832 | |
| | |
| | | |
| | | |
| | | |
| | |
| Finance costs -to related parties | |
| | | |
| | | |
| | | |
| | |
| Interest on vehicle loans | |
$ | - | | |
$ | 12,426 | | |
$ | - | | |
$ | 38,203 | |
| Total | |
$ | - | | |
$ | 12,426 | | |
$ | - | | |
$ | 38,203 | |
|
The
components of finance costs were as follows:
| (In USD) | |
| | |
| |
| | |
March
31,
2024 | | |
March
31,
2023 | |
| Finance costs -other than
related parties | |
| | |
| |
| Interest on vehicle
loans | |
$ | 392,933 | | |
$ | 620,211 | |
| Interest on finance leases | |
| 625,523 | | |
| 844,424 | |
| Interest on subcontractor
liability | |
| 93,869 | | |
| 96,762 | |
| Change in fair value of preferred
stock warrant liability | |
| 5,284,494 | | |
| - | |
| Discount on issue of Atalaya
Note | |
| 632,595 | | |
| - | |
| Change in fair value of Atalaya
Note | |
| 1,632,996 | | |
| - | |
| Change in fair value of SSCPN | |
| - | | |
| 9,312,177 | |
| Change in fair value of Notes | |
| - | | |
| 944,727 | |
| Change in fair value of derivative
financial instrument | |
| 3,465,293 | | |
| 14,373,856 | |
| SSCPN issue expenses | |
| 1,564,210 | | |
| 961,628 | |
| Bank charges | |
| 33,933 | | |
| 85,434 | |
| Other
borrowings cost | |
| 172,889 | | |
| 331,533 | |
| Total | |
| 13,898,735 | | |
| 27,570,752 | |
| | |
| | |
| |
| Finance costs -to related
parties | |
| | |
| |
| Interest
on vehicle loans | |
$ | 38,203 | | |
$ | 64,844 | |
| Total | |
| 38,203 | | |
| 64,844 | |
|