| Prepayments, net |
Note 9 — Prepayments, net
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Prepayment | |
$ | 6,354,653 | | |
$ | 5,720,400 | |
| Less: allowance for prepayment | |
| (114,792 | ) | |
| (209,412 | ) |
| Total prepayments, net | |
$ | 6,239,861 | | |
$ | 5,510,988 | |
Movement of allowance for
doubtful account for the years ended March 31, 2025, 2024, and 2023 are as follows:
| | |
March 31,
2025 | | |
March 31,
2024 | | |
March 31,
2023 | |
| | |
| | |
| | |
| |
| Beginning balance | |
$ | 209,412 | | |
$ | 51,755 | | |
$ | 71,227 | |
| (Recovery) Addition | |
| (94,786 | ) | |
| 157,623 | | |
| (10,105 | ) |
| Write-off | |
| - | | |
| - | | |
| (8,894 | ) |
| Translation adjustment | |
| 166 | | |
| 34 | | |
| (473 | ) |
| Ending balance | |
$ | 114,792 | | |
$ | 209,412 | | |
$ | 51,755 | |
|