v3.25.2
Selling and general and administrative expenses
 12 Months Ended
Mar. 31, 2025
Selling And General And Administrative Expenses  
Selling and general and administrative expenses

 

16.Selling and general and administrative expenses

 

Operating expenses consisted of the followings:

 

   2025   2024   2023 
   For the years ended March 31, 
   2025   2024   2023 
Selling and marketing expenses:               
Selling and marketing expenses  $—   $—   $— 
General and administrative expenses:               
Employee compensation  $873,221   $214,277   $1,341,183 
Consulting fees   63,413    98,315    264,800 
Audit fees   354,800    305,000    258,500 
Insurance fee   —    —    44,519 
Daily expenses   133,490    100,147    105,446 
Attorney fee   132,745    141,689    429,087 
Investment relationship fee   9,129    41,990    51,889 
Rental fee(1)   103,133    169,961    149,020 
Employee benefit expenses   39,158    63,448    55,435 
Depreciation expenses   18,306    18,356    18,969 
Amortization of intangible assets   —    31,929    32,997 
Entertainment   1,661    906    14,413 
Credit losses on accounts receivable   —    162,028    — 
Other   10,703    2,822    65,932 
General and administrative expenses  $1,739,759   $1,350,868   $2,832,190 
                
Operating expenses – Continuing operations  $1,739,759   $1,350,868   $2,832,190 
                
Operating expenses – Discontinued operations   725,540    835,823    1,291,552 

 

 

(1)According to the rental agreement renewal clauses, every renew needs to be renegotiated separately, thus the lease term was less than 12 months and the Company recognized the rental expenses as expense for short-term leases.

 

 

SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS