v3.25.2
Other Receivables and Other Current Assets, Net
12 Months Ended
Mar. 31, 2025
Other Receivables and Other Current Assets, Net [Abstract]  
Other receivables and other current assets, net

Note 8 — Other receivables and other current assets, net

 

As of March 31, 2025 and 2024, other receivables and other current assets, net comprised of the following:

 

   March 31,   March 31, 
   2025   2024 
         
Deposits (i)  $273,041   $42,832 
Prepaid expenses (ii)   1,122,403    18,279 
Prepaid income tax (iii)   1,812    23,366 
GST recoverable (iv)   209,880    232,367 
Other receivables (v)   153,809    197,102 
Less: allowance for credit loss   (27,923)   (52,949)
Total other receivables and other current assets, net  $1,733,022   $460,997 

 

(i) Deposits

 

The balance of deposit mainly comprised deposits made for rental and utility service of the Company.

 

(ii) Prepaid expenses

 

The balance of prepaid expenses represented prepayment for services, such as subscription fees, advertising expenses, and director & officer insurance.

(iii) Prepaid income tax

 

The balance of prepaid income tax represents prepaid estimated income tax from the Company’s Singapore subsidiary.

 

(iv) GST recoverable

 

The balance of GST recoverable represented the amount of GST, which resulted from historical purchasing activities and could be further used for deducting future GST in Singapore.

 

(v) Other receivables

 

The balance of other receivables mainly represented balance due from vendor for marketing expense paid on behalf.

 

Movement of allowance for 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  $52,949   $3,747   $2,376 
(Recovery) Addition   (24,093)   49,351    1,279 
Translation adjustment   (933)   (149)   92 
Ending balance  $27,923   $52,949   $3,747