| Prepayments and Other Receivables |
| 5. |
Prepayments and Other Receivables |
Prepayments and other receivables as of December
31, 2025 and March 31, 2026 consisted of the following:
| | |
December 31, | | |
March 31, | |
| | |
2025 | | |
2026 | |
| VAT recoverable | |
$ | 10,495,495 | | |
$ | 10,413,659 | |
| Prepayments to suppliers | |
| 1,873,852 | | |
| 953,557 | |
| Deposits | |
| 120,779 | | |
| 110,398 | |
| Staff advances | |
| 191,657 | | |
| 401,856 | |
| Prepaid operating expenses | |
| 850,680 | | |
| 636,998 | |
| Interest receivable | |
| 124,101 | | |
| 172,163 | |
| Receivables from customers for non-operating agency-based service | |
| 1,529,183 | | |
| 3,768,099 | |
| Derivatives assets (note 19) | |
| - | | |
| 416,535 | |
| Other receivables | |
| 3,439 | | |
| 7,743 | |
| | |
| 15,189,186 | | |
| 16,881,008 | |
| Less: Allowance for credit losses | |
| (18,271 | ) | |
| (17,592 | ) |
| | |
$ | 15,170,915 | | |
$ | 16,863,416 | |
An analysis of the allowance for credit losses
are as follows:
| Balance as at January 1, 2026 | |
$ | 18,271 | |
| Current period provision, net | |
| (848 | ) |
| Foreign exchange adjustment | |
| 169 | |
| Balance as at March 31, 2026 | |
$ | 17,592 | |
|