| Schedule of Balance Sheet and Income Statement Information for Joint Ventures |
The following table provides summarized balance
sheet and income statement information for Joint Ventures:
| | |
KC-Glory JV | | |
KC-Geotech JV | | |
KC-CRFG JV | | |
Total | |
| | |
As of March 31, 2025 | |
| Current assets | |
$ | 1,748,391 | | |
$ | 247,932 | | |
$ | 1,188,208 | | |
$ | 3,184,531 | |
| Non-current assets | |
| - | | |
| - | | |
| - | | |
| - | |
| Current liabilities | |
| 1,436,946 | | |
| 271,864 | | |
| 370,751 | | |
| 2,079,561 | |
| Non-current liabilities | |
| - | | |
| - | | |
| - | | |
| - | |
| Equity (Deficit) | |
$ | 311,445 | | |
$ | (23,932 | ) | |
$ | 817,457 | | |
$ | 1,104,970 | |
| | |
Year ended March 31, 2025 | |
| Total revenues | |
$ | - | | |
$ | 641 | | |
$ | 4,828,815 | | |
$ | 4,829,456 | |
| Net (loss)/profit | |
$ | (64 | ) | |
$ | 7,168 | | |
$ | 5,443 | | |
$ | 12,547 | |
| | |
KC-Glory JV | | |
KC-Geotech JV | | |
KC-CRFG JV | | |
Total | |
| | |
As of March 31, 2024 | |
| Current assets | |
$ | 1,738,383 | | |
$ | 308,899 | | |
$ | 1,360,265 | | |
$ | 3,407,547 | |
| Non-current assets | |
| - | | |
| - | | |
| - | | |
| - | |
| Current liabilities | |
| 1,428,665 | | |
| 339,831 | | |
| 552,929 | | |
| 2,321,425 | |
| Non-current liabilities | |
| - | | |
| - | | |
| - | | |
| - | |
| Equity (Deficit) | |
$ | 309,718 | | |
$ | (30,932 | ) | |
$ | 807,336 | | |
$ | 1,086,122 | |
| | |
Year ended March 31, 2024 | |
| Total revenues | |
$ | 338,797 | | |
$ | 2,372,250 | | |
$ | 7,070,849 | | |
$ | 9,781,896 | |
| Net loss | |
$ | (174 | ) | |
$ | (68,814 | ) | |
$ | 4,011 | | |
$ | (64,977 | ) |
|
| Schedule of Equity Method Investment in Joint Ventures |
The following table summarizes the activity of
the Company’s equity method investment in joint ventures:
| | |
Total | |
| Balance at March 31, 2023 | |
$ | 1,340,257 | |
| Company’s share in net loss recognized during the year | |
| (33,780 | ) |
| Exchange difference | |
| 4,533 | |
| Balance at March 31, 2024 | |
| 1,311,010 | |
| Company’s share in net profit recognized during the year | |
| 5,528 | |
| Exchange difference | |
| 7,591 | |
| Balance at March 31, 2025 | |
$ | 1,324,129 | |
|