v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (1,152,103) $ 1,780,026 $ 1,083,700
Adjustments to reconcile net (loss) income to net cash used in operating activities:      
Depreciation 131,180 88,722 115,150
Provision for expected credit losses 128,235 76,755 93,188
Gain on disposal of property and equipment (40,620) (5,562)
Share-based compensation 816,950
Amortization of restricted shares of a subsidiary 1,400 8,087
Deferred income taxes (28,770) (2,932) (7,427)
Changes in operating assets and liabilities:      
Notes receivable (525,896) (208,095) (954,131)
Accounts receivable - third parties (824,718) (1,364,222) (3,032,632)
Accounts receivable - related parties 74,225 (291,509) 372,877
Contract assets (2,520) 115,529 (136,705)
Contract assets - a related party (2,323)
Advances to suppliers (712,122) 27,278 204,771
Other current assets (2,598,760) (866,022) (543,037)
Other non-current assets (402,794) (1,165,934) (197,335)
Accounts payable - third parties (539,704) (220,778) 1,626,197
Accounts payable - related party (59,699)
Contract liabilities 3,020,520 (123,294) 32,276
Income taxes payable (173,400) 293,220 334,544
Lease liabilities 18,886 (146,215)
Other current liabilities 195,688 (112,017) 435,977
Net cash used in operating activities (2,577,426) (2,158,708) (629,761)
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to property and equipment (878,949) (397,441) (7,433)
Proceeds from disposal of property and equipment 59,657 51,681
Net cash (used in) provided by investing activities (878,949) (337,784) 44,248
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from bank and other borrowings 7,253,552 5,051,065 4,463,451
Repayments of bank and other borrowings (5,698,992) (3,258,829) (3,012,373)
Repayments to related parties (208,135) (196,468)
Borrowings from related parties 126,766
Net IPO proceeds received from the underwriter 5,727,070
Contribution from shareholders 834,000
Withholding tax paid on the dividends declared (161,493)
Deferred offering costs (1,237,842) (419,470) (402,097)
Net cash provided by financing activities 5,835,653 1,176,298 1,848,254
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND RESTRICTED CASH 67,885 (3,856) (55,378)
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH 2,447,163 (1,324,050) 1,207,363
CASH AND RESTRICTED CASH, BEGINNING OF YEAR 846,409 2,170,459 963,096
CASH AND RESTRICTED CASH, END OF YEAR 3,293,572 846,409 2,170,459
Reconciliation of cash and restricted cash, end of year      
Cash 3,054,870 846,409 2,170,459
Restricted cash 238,702
CASH AND RESTRICTED CASH, END OF YEAR 3,293,572 846,409 2,170,459
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid for income tax 333,902 324,307 176,886
Cash paid for interest 287,422 143,602 97,552
Supplemental non-cash activities:      
Initial recognition of lease obligations related to right-of-use assets 91,205 1,894,422 29,269
Early terminated operating lease right of use assets 2,296,658 552,651
Dividends payable used to offset against related party balances $ 466,924