v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Mar. 31, 2026
Notes and other explanatory information [abstract]
Schedule of income tax benefit
Schedule of income tax benefit
Years Ended March 31,
2026
2025
Current tax:
Current tax on profits for the year
$
—
$
—
Adjustments for current tax of prior periods
—
(3
)
Total current tax benefit
—
(3
)
Deferred income tax:
Decrease (increase) in deferred tax assets
—
—
Income tax benefit
$
—
$
(3
)
Schedule of reconciliation income tax rates
Schedule of reconciliation income tax rates
Years Ended March 31,
2026
2025
Loss before income tax
$
(38,627
)
$
(6,781
)
Tax using BVI tax rate of 0%
—
—
Effect of tax rates in other countries
(273
)
(24
)
Derecognition of deferred tax assets
(156
)
23
Nondeductible expenses
—
—
Utilization of losses not previously benefitted
—
—
Income tax effects related to equity compensation
429
Foreign currency effect and other
—
(2
)
Income tax in the statement of loss
$
—
$
(3
)
Schedule of deferred tax assets and liabilities
Schedule of deferred tax assets and liabilities
As of March 31,
2026
2025
Deferred tax assets:
The balance comprises temporary differences attributable to:
Tax loss
$
4,265
$
3,935
Share-based compensation
11
397
Reserves and accruals
—
17
Total deferred tax assets
4,276
4,349
Deferred tax asset not recognized
(4,276
)
(4,349
)
Net deferred tax asset
$
—
$
—
X
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