v3.26.1
Income Taxes (Tables)
 12 Months Ended
Mar. 31, 2026
Income Taxes [Abstract]  
Schedule of Income (Loss) Before Income Taxes by Geographic Region

The following table presents the components of income (loss) before income taxes by geographic region for the year ended March 31, 2026, in accordance with the updated requirements of ASU 2023-09: 

 

   March 31,
2026		 
   US$ 
United States   (757,815)
Foreign (Hong Kong)   10,019,171 
Total income before income taxes   9,261,356 
Schedule of Benefit from Income Taxes

The following tables present the provision for benefit from income taxes for the year ended March 31, 2026, in accordance with the updated requirements of ASU 2023-09: 

 

   March 31,
2026		 
Current income taxes:  US$ 
U.S. Federal   
—
 
U.S. State & local (net)   
—
 
Foreign (Hong Kong)   1,728,035 
Total current   1,728,035 
      
Deferred income taxes:     
U.S. Federal   
—
 
U.S. State & local (net)   
—
 
Foreign (Hong Kong)   
—
 
Total deferred   
—
 
      
Income tax expenses   1,728,035 
Schedule of Reconciliation of Taxes

The Company operates in serval tax jurisdictions. Therefore, its income is subject to various rates of taxation. The income tax expense differs from the amount that would have resulted from applying the US statutory income tax rates to the Company’s pre-tax income for the year ended March 31, 2025 as follows:

  

   March 31,
2025		 
    US$ 
Income before income tax expenses   6,692,553 
US federal statutory income tax rate   21%
Income tax calculated at statutory rate   1,405,436 
Decrease in income tax expense resulting from:     
Rate differences in various jurisdictions   (263,156)
Non-deductible expenses   8,882 

Change in valuation allowance of deferred income tax assets

   (43,633)
Additional tax reduction related to HK two-tiered profits tax regime   (21,154)
Income tax expense   1,086,375 

 

During the year ended March 31, 2026, the Company adopted ASU 2023-09. As a result of the adoption, the effective income tax rate for the year ended March 31, 2026 from the US statutory income tax rates as follows:

 

   For the year ended
March 31, 2026		 
   US$   % 
US Federal Statutory Tax Rate   2,104,026    21.0%
           
State and local income taxes, net of federal income tax effect   
—
    0.0%
Foreign tax effects:          
Hong Kong          
Effect of rates different than statutory   (456,118)   -26.1%
Non-deductible items   115,500    6.7%
Hong Kong two-tier tax regime benefit and exempt interest income   (40,628)   -2.4%

Change in valuation allowance of deferred income tax assets

   5,255    9.2%
Total income tax expenses and effective tax rate   1,728,035    18.7%
Schedule of Cash Paid for Income Taxes (Net of Refunds)

The amount of cash paid for income taxes (net of refunds) for the fiscal year ended March 31, 2026 is as follows:

 

    For the year ended March 31, 2026   
    US$  
United States   —  
Foreign (Hong Kong)     2,208,238  
Total income taxes paid, net of refunds     2,208,238  
Schedule of Deferred Tax Assets and Liabilities

The tax effect of temporary differences that gives rise to significant portions of the deferred tax assets and liabilities are presented below:

 

   March 31,
2026		   March 31,
2025		 
   US$   US$ 
Deferred tax assets:        
Net operating loss carryforwards   159,141    164,396 
Gross deferred tax assets   159,141    164,396 
Less valuation allowance   (159,141)   (164,396)
Total deferred tax assets   
-
    
-
 
           
Deferred tax liabilities:          
Gross deferred tax liabilities   
-
    
-
 
Net deferred tax asset   
-
    
-