NOTE 5 – CONTRACT ASSETS
Contract assets are presented net of allowance for credit loss:
| | |
As of | |
| | |
September 30,
2025 | | |
March 31,
2026 | |
| Contract assets | |
$ | 559,057 | | |
| 748,143 | |
| Less: allowance for expected credit loss | |
| (5,839 | ) | |
| (8,530 | ) |
| Total | |
$ | 553,218 | | |
| 739,613 | |
The movement of allowances for credit loss is as follow:
| | |
As of | |
| | |
September 30,
2025 | | |
March 31,
2026 | |
| Balance at beginning of the year/ period | |
$ | (14,940 | ) | |
$ | (5,839 | ) |
| Reversal (Increase) | |
| 9,101 | | |
| (2,691 | ) |
| Balance at end of the year/ period | |
$ | (5,839 | ) | |
$ | (8,530 | ) |
|