v3.25.2
Operating Lease
 12 Months Ended
Mar. 31, 2025
HCYC Group Company Limited [Member]  
Operating Lease

NOTE 7 - OPERATING LEASE

 

The Company entered into a new office lease agreement on August 2, 2023 with an expiration date of August 2026. As of March 31, 2025, the Company has one active office lease.

 

For the years ended March 31, 2025 and 2024, the lease expenses were $130,067 and $107,683, respectively.

 

 

The table below presents the operating lease related assets and liabilities recorded on the balance sheets.

 

   March 31, 2025   March 31, 2024 
         
Operating lease assets:          
Operating lease right-of-use assets  $169,149   $286,475 
Total operating lease assets  $169,149   $286,475 
　   　    　 
Operating lease obligations:          
Current operating lease liabilities  $129,137   $122,265 
Noncurrent operating lease liabilities   44,841    172,955 
Total operating lease obligations  $173,978   $295,220 

 

The weighted-average remaining lease term and the weighted-average discount rate of leases are as follows:

 

   March 31, 2025 
Weighted-average remaining lease term   1.3 years 
      
Weighted-average discount rate   5.0%

 

The following table summarizes the maturity of operating lease liabilities as of March 31, 2025:

 

Years ending March 31,  US$ 
2026  $134,254 
2027   45,124 
Total lease payments   179,378 
Less: imputed interest   (5,400)
Total lease liabilities  $173,978