v3.25.2
Property, Plant and Equipment
 12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consisted of the following as of March 31, 2025 and 2024:

 

   As of March 31, 
   2025   2024 
         
Machinery  $742,909   $744,632 
Vehicles   80,568    224,727 
Electric equipment   143,325    144,048 
Office equipment   76,505    76,890 
Leasehold improvement   1,559,764    1,560,897 
Total property plant and equipment, at cost   2,603,071    2,751,194 
Less: accumulated depreciation   (2,027,478)   (2,023,316)
Less: impairment provision   (397,032)   (399,033)
Total property, plant and equipment, net  $178,561   $328,845 

 

Depreciation expenses were $75,059 and $195,788 for the years ended March 31, 2025 and 2024, respectively. For the years ended March 31, 2025 and 2024, the Company recorded impairment provision for property, plant and equipment of $Nil and $401,995, respectively.

 

For the year ended March 31, 2025, the Company disposed a vehicle of carrying amount of $76,005 (cost of $136,335 and accumulated depreciation of $60,330). The Company received cash of $65,539 and recorded loss from the disposal of property, plant and equipment of $10,466 in other income (expenses), net.