v3.26.1
LEASE
 9 Months Ended 12 Months Ended
Dec. 31, 2025
Mar. 31, 2025
Lease    
LEASE

NOTE 9. LEASE

 

The Company leases office space in Hong Kong under a non-cancelable operating lease agreement executed on June 26, 2023, with a term ending August 15, 2025. This lease has been extended to end on August 17, 2027.

 

In April 2024, the Company entered into two additional non-cancelable operating lease agreements for office spaces located in Rolling Hills Estates, California. The first lease commenced on April 10, 2024, and expired on November 30, 2025. The Company has renewed the lease agreement with leasing period from December 1, 2025 to December 31, 2026. The second lease began on April 22, 2024, and was terminated on April 30, 2025. This has been extended to October 30, 2026. In November 2024, the Company entered into another lease for office space in Rolling Hills Estates, which commenced on November 11, 2024, and will expire on December 31, 2025.

 

The balances for the operating leases where the Company is the lessee are presented within the balance sheets as follows:

 SCHEDULE OF OPERATING LEASES 

   As of   As of 
   December 31, 2025   March 31, 2025 
Operating leases:          
Operating lease right-of-use assets  $73,246   $37,999 
           
Operating lease liabilities, current  $58,001   $38,109 
Operating lease liabilities, noncurrent   15,245    - 
Total operating lease liabilities  $73,246   $38,109 
           
Weighted average remaining lease term (in years)   1.2    0.43 

 

The components of lease expenses for the nine months ended December 31, 2025 and 2024 were as follows:

 

 SCHEDULE OF LEASES EXPENSES

       
   For the nine-month ended December 31, 
   2025   2024 
Operating lease cost  $71,570   $71,522 
Cost of other leases with period less than one year and variable lease costs   20,762    3,596 
           
Total lease expenses  $92,332   $75,118 
           
Weighted average discount rate (%)   3.63%   3.63%

 

Supplemental cash flow information related to leases for the nine months ended December 31, 2025 and 2024 were as follows:

 

 SCHEDULE OF CASH FLOW INFORMATION RELATED TO LEASES

         
   For the nine -month ended December 31, 
Cash paid for amounts included in the measurement of lease liabilities:  2025   2024 
Operating cash flows from operating leases  $92,332   $75,118 
Supplemental noncash information:          
Right-of-use assets obtained in exchange for lease obligation:  $106,752   $82,402 

 

As of December 31, 2025, the maturities of operating lease liabilities (excluding short-term lease) are as follows:

 SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES 

As of December 31, 2025  Operating Lease 
2026  $59,414 
2027   15,453 
Total lease payments   74,867 
Less: Imputed interest   (1,621)
Present value of lease liabilities  $73,246 
Less: current portion   (58,001)
Lease obligations, noncurrent  $15,245 

 

 

NOTE 7. LEASE

 

The Company leases office space in Hong Kong under a non-cancelable operating lease agreement executed on June 26, 2023, with a term ending August 15, 2025. In April 2024, the Company entered into two additional non-cancelable operating lease agreements for office spaces located in Rolling Hills Estates, California. The first lease commenced on April 10, 2024, and will expire on November 30, 2025. The second lease began on April 22, 2024, and will terminate on April 30, 2025. In November 2024, the Company entered into another lease for office space in Rolling Hills Estates, which commenced on November 11, 2024, and will expire on December 31, 2025.

 

 

The balances for the operating leases where the Company is the lessee are presented within the balance sheets as follows:

 

 SCHEDULE OF OPERATING LEASES

   As of   As of 
   March 31, 2025   March 31, 2024 
Operating leases:          
Operating lease right-of-use assets  $37,999   $32,535 
           
Operating lease liabilities, current  $38,109   $23,097 
Operating lease liabilities, noncurrent   -    9,813 
Total operating lease liabilities  $38,109   $32,910 
           
Weighted average remaining lease term (in years)   0.43    1.42 
Weighted average discount rate (%)   3.63%   3.63%

 

The components of lease expenses for the years ended March 31, 2025, 2024 and 2023 were as follows:

 

 SCHEDULE OF LEASES EXPENSES

             
   For the years ended March 31, 
   2025   2024   2023 
Operating lease cost  $73,351   $23,468   $23,013 
Cost of other leases with period less than one year and variable lease costs   6,664    -    - 
                
Lease expenses  $80,015   $23,468   $23,013 

  

Supplemental cash flow information related to leases for the years ended March 31, 2025, 2024 and 2023 were as follows:

 

 SCHEDULE OF CASH FLOW INFORMATION RELATED TO LEASES

             
   For the years ended March 31, 
Cash paid for amounts included in the measurement of lease liabilities:  2025   2024   2023 
Operating cash flows from operating leases  $80,015   $23,468   $23,013 
Supplemental noncash information:               
Right-of-use assets obtained in exchange for lease obligation:  $63,352   $45,680   $31,689 

 

As of March 31, 2025, the maturities of operating lease liabilities (excluding short-term lease) are as follows:

 

 SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

For the year ending March 31,  Operating Lease 
2025  $38,566 
Total lease payments   38,566 
Less: Imputed interest   (457)
Present value of lease liabilities  $38,109 
Less: current portion   (38,109)
      

 

 

As of March 31, 2024, the maturities of operating lease liabilities (excluding short-term lease) are as follows:

For the year ending March 31,  Operating Lease 
2025  $23,926 
2026   9,880 
Total lease payments   33,806 
Less: Imputed interest   (896)
Present value of lease liabilities  $32,910 
Less: current portion   (23,097)
Lease obligations, noncurrent  $9,813