v3.25.2
Leases (Tables)
 12 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Leases

The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet.

 

   March 31,
2025		   March 31,
2024		 
         
Assets          
Finance lease, right-of-use assets, net  $622,075   $469,617 
Operating lease, right-of-use assets, net   126,372    125,735 
           
Total right-of-use asset  $748,447   $595,352 
           
Liabilities          
Current:          
Finance lease liabilities  $308,125   $317,057 
Operating lease liabilities   115,945    112,392 
    424,070    429,449 
           
Non-current:          
Finance lease liabilities   216,430    283,878 
Operating lease liabilities   
-
    5,692 
    216,430    289,570 
           
Total lease liabilities  $640,500   $719,019 
   Years ended March 31, 
   2025   2024 
         
Finance lease cost:        
Interest on lease liabilities (per ASC 842)  $25,559   $21,868 
           
Operating lease cost:          
Operating lease expense (per ASC 842)   159,889    147,741 
           
Total lease expense  $185,448   $169,609 
The Company recognized the lease payments as revenue in profit or loss over the lease term on a straight-line basis as below:
   Years ended March 31, 
   2025   2024 
           
Lease income relating to operating lease  $226,500   $116,150 
Schedule of Maturities of Finance Lease Liabilities

As of March 31, 2025 and March 31, 2024, the maturities of finance lease liabilities (excluding short-term leases) were as follows:

 

   March 31,
2025		   March 31,
2024		 
         
Less than 1 year  $322,296   $334,230 
More than 1 year   221,097    291,225 
Total undiscounted lease payments   543,393    625,455 
Less: Interest   (18,838)   (24,520)
           
   $524,555   $600,935 
           
Representing:-          
Current liabilities  $308,125   $317,057 
Non-current liabilities   216,430    283,878 
           
    524,555    600,935 
Schedule of Maturities of Operating Lease Liabilities

As of March 31, 2025 and March 31, 2024, the maturities of operating lease liabilities (excluding short-term leases) were as follows:

 

   March 31,
2025		   March 31,
2024		 
         
Less than 1 year (current liabilities)  $115,945   $112,392 
From 1 to 2 years (non-current liabilities)   
-
    5,692 
           
   $115,945   $118,084 
Schedule of Sales-Type Leases Lease receivables relating to sales-type leases are presented on the consolidated balance sheet as follows:
   March 31,
2025		   March 31,
2024		 
         
Gross lease receivables  $794,126   $867,751 
Received cash   (267,877)   (236,225)
Unearned interest income   (28,369)   (36,663)
           
   $497,880   $594,863 
Reported as:          
Current net investment in sales-type lease   203,381    230,209 
Non-current net investment in sales-type lease   294,499    364,654 
           
   $497,880   $594,863 
Schedule of Undiscounted Cash Flows of Sales-Type Lease Receivables from Customers

As of March 31, 2025 and March 31, 2024, undiscounted cash flows of our sales-type lease receivables from customers for the next five years and thereafter were as follows:

 

   March 31,
2025		   March 31,
2024		 
         
Less than 1 year  $203,381   $230,209 
From 1 to 2 years   145,450    173,386 
From 2 to 3 years   91,868    106,094 
From 3 to 4 years   50,887    61,081 
From 4 to 5 years   6,294    24,093 
           
Total  $497,880   $594,863 
Schedule of Undiscounted Cash Flows of Operating Lease Receivables from Customers

The operating lease term is 3 years. As of March 31, 2025 and March 31, 2024, undiscounted cash flows of our operating lease receivables from customers for the next three years and thereafter were as follows:

 

   March 31,
2025		   March 31,
2024		 
         
Less than 1 year  $235,200   $177,000 
From 1 to 2 years   143,050    154,200 
From 2 to 3 years   34,200    62,050 
           
   $412,450   $393,250