Note
12 – Other current liabilities
As
of March 31, 2026 and 2025, other current liabilities consisted of the following:
Schedule
of other current liabilities
| | |
2026 | | |
2025 | |
| | |
As of March 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Accrued salaries | |
$ | 156,232 | | |
$ | 127,565 | |
| Value-added taxes payable | |
| 544,377 | | |
| 361,921 | |
| Security deposits from suppliers (1) | |
| 161,235 | | |
| 83,750 | |
| Other tax surcharges payable | |
| 4,229 | | |
| 10,329 | |
| Others | |
| 153,382 | | |
| 193,985 | |
| Total other current liabilities | |
$ | 1,019,455 | | |
$ | 777,550 | |
| (1) |
In some cases, the Company
may outsource some of the transportation services to third-party suppliers and receives security deposits from such suppliers to
guarantee the completion of the transportation services. These security deposits are short-term in nature and will be returned to
suppliers when the transportation services are completed. |
|