v3.26.1
LEASES
12 Months Ended
Mar. 31, 2026
LEASES [Abstract]  
LEASES
9.
LEASES

The Group has operating leases for its offices with terms ranging from two to three years. In April and September 2023, the Group entered into two new lease agreements, one for its corporate headquarters at Harbor City, Hong Kong, and the other for employee residence. The Group also has a finance lease for a printer, which is deemed not material for accounting purposes.
The components of lease costs are as follows:

   
For the years ended March 31,
   
2026
   
2025
   
2024
 
Operating lease costs
 
$
564,547
   
$
532,552    
$
435,824
 


The following table presents supplemental information related to the Group’s leases:

    For the years ended March 31,  
   
 2026
   
 2025
   
  2024
 
Cash paid for amounts included in the measurement of lease liabilities:
                      
Operating cash flows from operating leases
 
$
582,067
   
$
583,251
   
$
382,675
 
Lease term and discount rate
                          
Weighted average remaining lease term (years)
                          
Operating leases
   
1.82
     
0.84
     
1.82
 
Weighted average discount rate
                          
Operating leases
   
5.05
%
   
5.13
%
   
5.13
%

As of March 31, 2026, the future maturity of lease liabilities is as follows:

Years ended March 31,
 
Operating lease
 
2027
 
$
575,784
 
2028
   
469,023
 
Total lease payments
   
1,044,807
 
Less: interest
   
(49,114
)
Present value of lease liabilities
   
995,693
 
Less: Operating lease liabilities, current
   
(537,890
)
Operating lease liabilities, non-current
  $
 457,803