5. Prepayments and Other Current Assets
Prepayments and other current assets consisted
of the following at March 31:
| | |
2025 | | |
2024 | |
| Deposit for acquisition of property and equipment (note a) | |
$ | 1,784,389 | | |
$ | - | |
| Advance to sub-contractors | |
| 5,749,229 | | |
| 2,808,946 | |
| Prepayments | |
| 1,186,567 | | |
| 312,511 | |
| Other Deposits | |
| 84,891 | | |
| 137,925 | |
| | |
$ | 8,805,076 | | |
$ | 3,259,382 | |
| Less: amount classified as non-current assets | |
| (1,784,389 | ) | |
| - | |
| Amount classified as current assets (note b) | |
$ | 7,020,687 | | |
$ | 3,259,382 | |
| (a) | A deposit of US$1,784,389 was
made to acquire the machineries for project use during the year ended March 31, 2025. |
| (b) | Prepayments and deposits expected
to be utilized or recovered within 12 months after the balance sheet date are classified as current. |
|