| Related party balances and transactions |
Note 18 — Related party balances and transactions
Related party balances
Amount due from related parties
| Name of related party | | Relationship | | Nature | | As of
March 31,
2025 | | | As of
March 31,
2024 | | | | | | | | | | | | | | | Epicsoft Ventures Pte Ltd | | Common shareholders | | Reimbursement of business expenses | | $ | 426 | | | $ | - | | | SEGA Corporation | | Shareholder of the Company | | Recoupable advertising fee receivable | | | 377,904 | | | | | | | Jianhao Tan | | CEO of Titan Digital | | Interest free loan due on demand | | | - | | | | 21,880 | | | Joseph Thomas Van Heeswijk | | Minority Shareholder of 2Game | | Director loan, interest free, no maturity date | | | 8,873 | | | | - | | | Jianhao Tan Brand Ventures Pte Ltd | | Jianhao Tan, the shareholder of JHTB Venture, the CEO of Titan Digital | | Expenses paid on behalf | | | 5,131 | | | | - | | | Total | | | | | | $ | 392,334 | | | $ | 21,880 | |
Prepayment, a related party
| Name of related party | | Relationship | | Nature | | As of
March 31,
2025 | | | As of
March 31,
2024 | | | | | | | | | | | | | | | Nekcom Inc | | Equity securities investee | | Prepayment for a recoupable minimum sales guarantee, Five (5) years following the First Commercial Release Date | | $ | 3,000,000 | | | $ | - | |
Accounts payable, a related party
| Name of related party | | Relationship | | Nature | | As of
March 31,
2025 | | | As of
March 31,
2024 | | | | | | | | | | | | | | | SEGA Corporation | | Shareholder of the Company | | Purchase | | $ | 4,567,337 | | | $ | 6,567,480 | |
Amount due to related parties
| Name of related party | | Relationship | | Nature | | As of
March 31,
2025 | | | As of
March 31,
2024 | | | | | | | | | | | | | | | Choo See Wee (“Jacky”) | | Chairman of the Company | | Loan from Director, interest fee and repayable on demand | | $ | 12,293 | | | $ | 482,252 | | | Tan Jian Hao | | Shareholder of the Company | | Loan from Director, interest fee and repayable on demand | | | 56,127 | | | | - | | | Joseph Thomas Van Heeswijk | | Minority Shareholder of 2Game | | Loan from Director | | | - | | | | 128 | | | Joseph Thomas Van Heeswijk | | Minority Shareholder of 2Game | | Consideration payable for 10% controlling interest in 2Game | | | 197,885 | | | | - | | | Shaun Amah Goz | | Minority Shareholder of 2Game | | Consideration payable for 10% controlling interest in 2Game | | | 197,885 | | | | - | | | Wong Wan Ping Mario | | Minority Shareholder of 2Game | | Consideration payable for 10% controlling interest in 2Game | | | 197,885 | | | | - | | | Debbie Soon | | Director of Starry Jewelry | | Expenses paid on behalf | | | 743 | | | | - | | | Mr. Shaun | | Director of 2 Game Dubai | | Expenses paid on behalf | | | 20,520 | | | | 3,636 | | | Total | | | | | | $ | 683,338 | | | $ | 486,016 | | Related parties’ transactions
Revenue from a related party
| | | | | For the years ended March 31, | | | Name of Related Party | | Relationship | | 2025 | | | 2024 | | | 2023 | | | | | | | | | | | | | | | | SEGA Corporation | | Shareholder of the Company | | $ | 1,244,899 | | | $ | 42,477 | | | $ | 660,985 | | | Jianhao Tan | | CEO of Titan Digital | | | 264,506 | | | | - | | | | 2,911 | | | | | | | $ | 1,509,405 | | | $ | 42,477 | | | $ | 663,896 | |
Cost of revenue from related parties
| | | | | | | For the years ended March 31, | | | Name of Related Party | | Relationship | | Relationship | | 2025 | | | 2024 | | | 2023 | | | | | | | | | | | | | | | | | | SEGA Corporation | | Shareholder of the Company | | Shareholder of the Company | | $ | 15,596,454 | | | $ | 17,578,879 | | | $ | 12,388,590 | | | Jianhao Tan | | CEO of Titan Digital | | CEO of Titan Digital | | | 237,311 | | | | 667,336 | | | | 604,258 | | | | | | | | | $ | 15,833,765 | | | $ | 18,246,215 | | | $ | 12,992,848 | |
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