v3.26.1
FINANCE RECEIVABLES, NET
 6 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Receivables [Abstract]    
FINANCE RECEIVABLES, NET

NOTE 8 — FINANCE RECEIVABLES, NET

 

Finance receivables, net which consists of installment of sales-type leases, were as follows:

 

   September 30,   March 31, 
   2025   2025 
Gross receivables  $114,033   $137,617 
Unearned income   (5,283)   (6,717)
Subtotal   108,750    130,900 
Provision for credit loss   (11,698)   (13,247)
Finance receivables, net   97,052    117,653 
Less: finance receivables, net – current   (55,328)   (70,801)
Finance receivables, net – non-current  $41,724   $46,852 

 

The allowance for credit losses represents an estimate of the losses expected to be incurred by the Company from its finance receivables.

 

As of September 30, 2025, future minimum lease receivables under non-cancelable sales-type lease agreement are as follows:

 

   Lease 
   Receivable 
2026  $59,626 
2027   40,422 
2028   13,849 
2029   136 
Total  $114,033 

NOTE 8 — FINANCE RECEIVABLES, NET

 

Finance receivables, net which consists of installment of sales-type leases, were as follows:

 

   March 31,   March 31, 
   2025   2024 
Gross receivables  $137,617   $216,648 
Unearned income   (6,717)   (13,083)
Subtotal   130,900    203,565 
Provision for credit loss   (13,247)   (6,040)
Finance receivables, net   117,653    197,525 
Less: finance receivables, net – current   (70,801)   (100,564)
Finance receivables, net – non-current  $46,852   $96,961 

 

The allowance for credit losses represents an estimate of the losses expected to be incurred by the Company from its finance receivables.

As of March 31,2025, future minimum lease receivables under non-cancelable sales-type lease agreement are as follows:

 

   Lease 
   Receivable 
2026  $76,484 
2027   36,986 
2028   23,514 
2029   633 
Total  $137,617