| Accounts Receivable, Net |
Note 6 — Accounts receivable, net
As of March 31, 2025 and 2024, accounts receivables comprised of the following:
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Receivables from console game and console game code | |
$ | 23,121,281 | | |
$ | 15,123,775 | |
| Receivables from game publishing | |
| 2,604,231 | | |
| 2,282,228 | |
| Receivables from advertising service | |
| 285,127 | | |
| 332,540 | |
| Less: Allowance for credit loss | |
| (248,956 | ) | |
| (325,457 | ) |
| Accounts receivable, net | |
$ | 25,761,683 | | |
$ | 17,413,086 | |
Movement of credit loss for the years ended March
31, 2025, 2024, and 2023 are as follows:
| | |
March 31,
2025 | | |
March 31,
2024 | | |
March 31,
2023 | |
| | |
| | |
| | |
| |
| Beginning balance | |
$ | 325,457 | | |
$ | 55,533 | | |
$ | 12,588 | |
| (Recovery) Addition | |
| (76,725 | ) | |
| 277,273 | | |
| 42,878 | |
| Write-off | |
| - | | |
| - | | |
| (1,521 | ) |
| Translation adjustment | |
| 224 | | |
| (7,349 | ) | |
| 1,588 | |
| Ending balance | |
$ | 248,956 | | |
$ | 325,457 | | |
$ | 55,533 | |
|