v3.26.1
Accounts Receivable, Net
12 Months Ended
Mar. 31, 2026
Accounts Receivable, Net [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE – 6 ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net consisted of the following:

 

   March 31,
2026
   March 31,
2025
 
         
 Accounts receivable, net  $1,092,220   $1,325,186 

 

The Company generally conducts its business with creditworthy third parties. For the year ended March 31, 2026, 2025 and 2024, the Company evaluated the collectability of accounts receivable and determined that no allowance for credit losses was required.

 

Accounts receivable are written off after exhaustive collection efforts occur and the receivable is deemed uncollectible. In addition, receivable balances are monitored on an ongoing basis and its exposure to bad debts is not significant. There was no bad debt write-offs for the year ended March 31, 2026 (2025: Nil and 2024: $1,435).

 

At March 31, 2026 and March 31, 2025, the analysis of the accounts receivable aging at the reporting date was as follows.

 

   March 31,
2026
   March 31,
2025
 
         
Less than 30 days  $353,262   $1,103,381 
31-60 days   480,980    83,925 
61-90 days   47,402    35,735 
More than 90 days   210,576    102,145 
           
   $1,092,220   $1,325,186 

 

The unsatisfied performance obligation resulting from long term satellite connectivity and digitalization contracts were expected to be recognized as revenue over the periods as specified below:

 

   March 31,
2026
   March 31,
2025
 
         
Less than 1 year  $3,244,136   $2,270,362 
From 1 to 2 years   2,045,793    1,061,866 
From 2 to 3 years   725,765    585,489 
From 3 to 4 years   10,715    129,652 
From 4 to 5 years   
-
    10,715 
           
Total  $6,026,409   $4,058,084