NOTE 7 — OTHER CURRENT FINANCIAL ASSETS
Other current financial assets consist of the
following:
| | |
As of
March 31,
2025 | | |
As of
March 31,
2024 | |
| | |
(US$) | | |
(US$) | |
| Deposits | |
$ | — | | |
$ | 300 | |
| Advances for network acquisition* | |
| 4,791,371 | | |
| 3,879,484 | |
| Loans and advances to related parties | |
| 2,57,212 | | |
| 18,059 | |
| Other loans and advances | |
| 3,74,829 | | |
| 3,25,114 | |
| Unbilled revenue | |
| 437,005 | | |
| — | |
| | |
$ | 5,860,417 | | |
$ | 4,222,957 | |
| * | The amounts presented as “Advances for network acquisition”
refer to upfront payments made to acquire subscriber networks, including subsequent tranches of additional networks. This process typically
involves securing access to a base of existing or potential subscribers from another network provider or entity. The goal of acquiring
such networks is to enhance the company’s subscriber base, drive revenue growth, expand market reach, and reduce competition within
specific territories. These advances form part of the company’s strategic initiatives to strengthen its customer portfolio and
establish a more prominent position in the industry. |
|