v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 31, 2025
Current assets:    
Accounts receivable, net $ 15,553 $ 22,934
Prepayment of equipment 209
Deposits, prepayment and other receivables 329 218
Contract assets 18,699 24,969
Cash and cash equivalents 1,694 749
Total current assets 36,275 49,079
Non-current assets:    
Property and equipment 414 11
Right-of-use assets, operating leases 211 567
Deferred tax assets 188
Total non-current assets 625 766
Total assets 36,900 49,845
LIABILITIES AND EQUITY    
Accounts payable 9,275 10,350
Accruals and other payables 3,496 2,351
Amount due to a shareholder 9 2
Contract liabilities 283 630
Operating lease liabilities 211 373
Bank and other borrowings 913 2,117
Current income tax liabilities 120 121
Total current liabilities 14,307 15,944
Non-current liabilities:    
Operating lease liabilities 193
Loan due to a shareholder 22,310 21,567
Total non-current liabilities 22,310 21,760
Shareholders’ equity:    
Ordinary shares, par value US$0.0001, 500,000,000 shares authorized, 16,000,000 and 13,000,000 ordinary shares issued and outstanding as of March 31, 2026 and 2025 respectively 2 1
Additional paid-in capital 7,035 5,570
(Accumulated loss) Retained earnings (6,714) 6,497
Exchange reserve (40) 73
Total shareholders’ equity 283 12,141
Total liabilities and equity $ 36,900 $ 49,845