v3.25.2
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2025
Summary of Significant Accounting Policies [Abstract]  
Schedule of Translation of Foreign Currencies

Translation of foreign currencies into US$ 1 have been made at the following exchange rates for the respective periods:

 

   As of and for the years ended March 31, 
   2025   2024   2023 
Period-end SGD: US$1 exchange rate   1.3445    1.3475    1.3294 
Period-end HKD: US$1 exchange rate   7.7799    7.8259    7.8499 
Period-end MYR: US$1 exchange rate   4.4365    4.7225    4.413 
Period-end RMB: US$1 exchange rate   7.2567    
-
    
-
 
Period-end BRL: US$1 exchange rate   5.7405    
-
    
-
 
Period-end AED: US$1 exchange rate   3.6730    
-
    
-
 
Period-average SGD: US$1 exchange rate   1.3380    1.3447    1.3739 
Period-average HKD: US$1 exchange rate   7.7930    7.8246    7.8389 
Period-average MYR: US$1 exchange rate   4.5067    4.6409    4.4467 
Period-average RMB: US$1 exchange rate   7.2163    
-
    
-
 
Period-average BRL: US$1 exchange rate   5.6071    
-
    
-
 
Period-average AED: US$1 exchange rate   3.6729    
-
    
-
 
Schedule of Estimated Useful Lives The estimated useful lives are as follows:
   Expected useful lives
Office equipment  3 years
Furniture & fitting  3 years
Office and warehouse renovation  Shorter of the lease term or 3 years
Schedule of Changes in the Carrying Amount of Goodwill

The table below summarizes the changes in the carrying amount of goodwill for each reporting unit:

 

   Console
Game		   Publishing   Media
Advertising
service		   Others   Total 
Balance at March 31, 2022  $
-
   $
               -
   $
              -
   $
-
   $
-
 
Acquired goodwill   2,047,154    
-
    
-
    
-
    2,047,154 
Balance at March 31, 2023   2,047,154    
-
    
-
    
-
    2,047,154 
Acquired goodwill   674,367    
-
    
-
    268,873    943,240 
Impairments   
-
    
-
    
-
    
-
    
-
 
Balance at March 31, 2024   2,721,521    
-
    
-
    268,873    2,990,394 
Acquired goodwill   
-
    
-
    
-
    
-
    
-
 
Impairments   
-
    
-
    
-
    
-
    
-
 
Balance at March 31, 2025  $2,721,521   $
-
   $
-
   $268,873   $2,990,394 
Schedule of Disaggregated Information of Revenues by Products/Services

Disaggregated information of revenues by products/services are as follows:

 

  

For the Years Ended March 31,

 
   2025   2024   2023 
Console game  $36,082,735   $38,429,942   $39,499,316 
Console game code   87,180,808    52,588,862    28,575,826 
Console game– subtotal   123,263,543    91,018,804    68,075,142 
                
Game publishing   16,029,523    3,431,680    6,103,312 
                
Video marketing campaign services   1,815,420    2,128,589    2,486,844 
Social media advertising services   422,944    587,500    778,857 
Media advertising services- subtotal   2,238,364    2,716,089    3,265,701 
                
Other revenue   541,156    368,128    
—
 
                
Total revenues  $142,072,586   $97,534,701   $77,444,155 
Schedule of Fair Value Hierarchy our Financial Liability

The following table sets forth by level within the fair value hierarchy our financial asset and liability that were accounted for at fair value on a recurring basis As of March 31, 2025 and 2024:

 

    Carrying Value at
March 31,		     Fair Value Measurement at
March 31, 2025		  
    2025     Level 1     Level 2     Level 3  
Derivative asset attributable to Buy-Back Feature embedded in 2Game SPA   $ 269,119     $ -     $ -     $ 269,119  
Contingent consideration for acquisition of 2Game   $ 1,121,006     $ -     $ -     $ 1,121,006  
Derivative liabilities (Top-Up Shares)   $ 3,086,519      $      -     $      -     $ 3,086,519   
   Carrying Value at
March 31,		   Fair Value Measurement at
March 31, 2024		 
   2024   Level 1   Level 2   Level 3 
Contingent consideration for acquisition of 2Games $3,697,000   $
        -
   $
      -
   $3,697,000 
Schedule of Financial Assets and Liability Measured at Fair Value on a Recurring Basis

The following is a reconciliation of the beginning and ending balance of the financial assets and liability measured at fair value on a recurring basis for the years ended March 31, 2025, 2024, and 2023:

 

   Derivative Asset 
Initial fair value of derivative assets attributable to Buy-Back Feature embedded in 2Game SPA  $269,119 
Change in fair value of derivative asset   
-
 
Ending balance As of March 31, 2025  $269,119 

 

   Contingent
consideration for
acquisition		 
Beginning balance  $3,360,848 
Change in fair value of contingent consideration for acquisition   932,152 
Ending balance as of March 31, 2023  $4,293,000 
Payment of cash and share consideration   (806,710)
Change in fair value of contingent consideration for acquisition   272,029 
Exchange rate difference   (61,319)
Ending balance as of March 31, 2024   3,697,000 
Payments of cash and share consideration   (3,068,835)
Change in fair value of contingent consideration for acquisition   545,428 
Exchange rate difference   (52,587)
Ending balance as of March 31, 2025  $1,121,006 

 

    Convertible
notes		 
Initial fair value of convertible notes  $33,025,000 
Conversion of the convertible notes   (25,063,061)
Change in fair value of convertible notes upon conversion of the convertible notes   (5,254,103)
Fair value allocated to Top-Up Shares upon conversion of the convertible notes   (2,707,836)
Ending balance as of March 31, 2025  $
-
 

 

   Derivative
liabilities
(Top-Up Shares)		 
Fair value allocated to Top-Up Shares upon conversion of the convertible notes  $2,707,836 
Change in fair value of derivative liability   378,683 
Ending balance as of March 31, 2025  $3,086,519