| Accounts receivable, net |
Note
3 – Accounts receivable, net
Accounts
receivable, net, consisted of the following:
Schedules
of accounts
receivable, net
| | |
| | |
| |
| | |
As of March 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Accounts receivable from third parties | |
$ | 15,360,943 | | |
$ | 13,794,524 | |
| Accounts receivable from related parties | |
| 318,211 | | |
| 695,671 | |
| Accounts receivable, gross | |
| 15,679,154 | | |
| 14,490,195 | |
| Less: allowance for expected credit losses | |
| (290,403 | ) | |
| (169,297 | ) |
| Accounts receivable, net | |
$ | 15,388,751 | | |
$ | 14,320,898 | |
The
movement of the allowance for expected credit losses was as follows:
Schedules
of allowance for expected credit losses
| | |
| | |
| | |
| |
| | |
For the years ended March 31, | |
| | |
2026 | | |
2025 | | |
2024 | |
| | |
| | |
| | |
| |
| Balance at the beginning of year | |
$ | 169,297 | | |
$ | 94,046 | | |
$ | 3,887 | |
| Recognized during the year | |
| 109,078 | | |
| 76,146 | | |
| 91,020 | |
| Exchange realignment | |
| 12,028 | | |
| (895 | ) | |
| (861 | ) |
| Balance at the end of year | |
$ | 290,403 | | |
$ | 169,297 | | |
$ | 94,046 | |
|