v3.25.2
Property and equipment, net
 12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and equipment, net

 

9.Property and equipment, net

 

Property and equipment consisted of the following:

 

   2025   2024 
   As of March 31, 
   2025   2024 
Server hardware  $3,939   $3,985 
Vehicles   95,767    96,890 
Property and equipment, gross   99,706    100,875 
Less: accumulated depreciation   (64,591)   (46,940)
Impairment   —    — 
Property and equipment, net – Continuing operations  $35,115   $53,935 
Property and equipment, net – Discontinued operations   —    495 
Property and equipment, net   35,115    54,430 

 

The total impairment to property and equipment as of March 31, 2025 and March 31, 2024 were $0 and $5,579,631, respectively. The impairment all came from discontinued operations.

 

Additions to property and equipment for the year ended March 31, 2025 and 2024 were both nil. Disposals of property and equipment for the year ended March 31, 2024 had a gain of $1,546, all from discontinued operations, and no disposal for the year ended March 31, 2025.

 

Total depreciation expenses were $18,306 and $21,013 for the years ended March 31, 2025 and 2024, respectively. Depreciation expenses from discontinued operations were zero and $2,657 for the years ended March 31, 2025 and 2024, respectively.

 

 

SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS