v3.26.1
Accounts Receivable
 9 Months Ended
Dec. 31, 2025
Accounts Receivable [Abstract]  
ACCOUNTS RECEIVABLE

5. ACCOUNTS RECEIVABLE

 

Accounts receivable includes rental receivables due from operating lessees. It also includes a portion of bundled lease arrangements on fixed minimum monthly payments to be paid by the automobile purchasers arising from automobile sales and services fees, net of unearned interest income, discounted using the Company’s lease pricing interest rates.

 

As of December 31, 2025 and March 31, 2025, accounts receivable was comprised of the following:

 

    December 31,     March 31,  
    2025     2025  
    (Unaudited)     (Unaudited)  
Receivables of operating lease   $ 1,213     $ 7,681  
Receivables of automobile sales due from automobile purchasers     —       1,282  
Total Accounts receivable   $ 1,213     $ 8,963  

 

Movement of allowance for credit losses for the nine months ended December 31, 2025 and for the year ended March 31, 2025 are as follows:

 

    December 31,     March 31,  
    2025     2025  
    (Unaudited)     (Unaudited)  
Beginning balance   $ —     $ 1,545  
Write off     —       (1,538 )
Translation adjustment     —       (7 )
Ending balance   $ —     $ —  

 

There were no recoveries of accounts receivable that had been written off in prior periods during the nine months ended December 31, 2025.