SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2025

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Estimated Useful Lives of Property and Equipment, Net

Property and equipment, net are stated at cost less accumulated depreciation and impairment, if any, and are depreciated on a straight-line basis over the estimated useful lives of the assets as follows:

Category		Estimated useful lives
Furniture and fixtures		5 years
Office equipment		3 years
Leasehold improvements		Shorter of useful life and lease term

Contract Assets and Liabilities

The following table summarized the opening and closing balances in contract assets and liabilities:

	Contract assets		Contract liabilities^*
Balance as of March 31, 2024	$	—	$	600,000
Net change to contract balance recognized since beginning of period due to recognition of revenue and amounts billed		1,200,000		(476,863	)
Balance as of March 31, 2025	$	1,200,000	$	123,137

Contract liabilities were included within the accrued expenses and other current liabilities.

No expected credit loss recognized for the years ended March 31, 2025, 2024, and 2023 for contract assets.