| PROPERTY AND EQUIPMENT, NET |
NOTE 9 — PROPERTY AND EQUIPMENT, NET
Property and equipment, net, consists of the following:
| | |
September 30, | | |
March 31, | |
| | |
2025 | | |
2025 | |
| Electronic equipment | |
$ | 124,426 | | |
$ | 58,055 | |
| Machinery and equipment | |
| 1,224,709 | | |
| 1,154,638 | |
| Office furniture | |
| 60,988 | | |
| 59,831 | |
| Motor vehicles | |
| 271,452 | | |
| 269,668 | |
| Leasehold improvement | |
| 273,089 | | |
| 267,911 | |
| Subtotal | |
| 1,954,664 | | |
| 1,810,103 | |
| Less: accumulated depreciation | |
| (1,575,226 | ) | |
| (1,424,688 | ) |
| Property and equipment, net | |
$ | 379,438 | | |
$ | 385,415 | |
Depreciation
expense was $137,151 and $130,559 for the six months ended September 30, 2025 and 2024, respectively.
Machinery and Equipment represents the equipment
on operating lease, and the accumulated depreciation were as follows:
| | |
September 30, | | |
March 31, | |
| | |
2025 | | |
2025 | |
| Equipment on operating lease | |
$ | 1,224,709 | | |
$ | 1,154,638 | |
| Less: accumulated depreciation | |
| (976,255 | ) | |
| (888,849 | ) |
| Equipment on operating lease, net | |
$ | 248,454 | | |
$ | 265,789 | |
|
NOTE 9 —
PROPERTY AND EQUIPMENT, NET
Property
and equipment, net, consists of the following:
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Electric equipment | |
$ | 58,055 | | |
$ | 46,264 | |
| Machinery and equipment | |
| 1,154,638 | | |
| 1,103,319 | |
| Office furniture | |
| 59,831 | | |
| 51,213 | |
| Motor vehicles | |
| 269,668 | | |
| 250,933 | |
| Leasehold improvement | |
| 267,911 | | |
| 269,238 | |
| Subtotal | |
| 1,810,103 | | |
| 1,720,967 | |
| Less: accumulated depreciation | |
| (1,424,688 | ) | |
| (1,121,136 | ) |
| Property and equipment, net | |
$ | 385,415 | | |
$ | 599,831 | |
Depreciation
expense was $301,916, $387,779 and $379,947 for the years ended March 31, 2025, 2024 and 2023, respectively.
Machinery
and Equipment records the equipment on operating lease, and the accumulated depreciation were as follows:
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Equipment on operating lease | |
$ | 1,154,638 | | |
$ | 1,103,319 | |
| Less: accumulated depreciation | |
| (888,849 | ) | |
| (738,769 | ) |
| Equipment on operating lease, net | |
$ | 265,789 | | |
$ | 364,550 | |
|