GENERAL AND ADMINISTRATIVE EXPENSES |
NOTE 17 – GENERAL AND ADMINISTRATIVE EXPENSES
For the years ended March 31, 2025, 2024 and 2023,
general and administrative expenses consisted of the following:
| |
For the years ended March 31, | |
| |
2025 | | |
2024 | | |
2023 | |
| |
| | |
| | |
| |
Payroll and welfare expenses | |
$ | 273,580 | | |
$ | 828,341 | | |
$ | 1,151,466 | |
Professional fees | |
| 643,053 | | |
| 617,365 | | |
| 594,727 | |
Impairment for property, plant and equipment and construction in process | |
| - | | |
| 422,924 | | |
| 349,390 | |
Impairment for long-term deposit | |
| 1,006,052 | | |
| - | | |
| - | |
Estimated credit loss provision for doubtful accounts | |
| 263,972 | | |
| 283,234 | | |
| 2,875,694 | |
Research and development expenses | |
| 191,393 | | |
| 184,194 | | |
| 200,717 | |
Others | |
| 379,997 | | |
| 299,564 | | |
| 474,334 | |
Total general and administrative expenses | |
$ | 2,758,047 | | |
$ | 2,635,622 | | |
$ | 5,646,328 | |
|