v3.26.1
FINANCE RECEIVABLES, NET
12 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
FINANCE RECEIVABLES, NET

NOTE 8 — FINANCE RECEIVABLES, NET

 

Finance receivables, net which consists of installment of sales-type leases, were as follows:

 

   March 31,   March 31, 
   2026   2025 
Gross receivables  $123,215   $137,617 
Unearned income   (5,321)   (6,717)
Subtotal   117,894    130,900 
Provision for credit loss   (18,160)   (13,247)
Finance receivables, net   99,734    117,653 
Less: finance receivables, net – current   (58,657)   (70,801)
Finance receivables, net – non-current  $41,077   $46,852 

The allowance for credit losses represents an estimate of the losses expected to be incurred by the Company from its finance receivables.

 

As of March 31,2026, future minimum lease receivables under non-cancellable sales-type lease agreement are as follows:

 

   Lease 
   Receivable 
2027  $64,589 
2028   48,332 
2029   9,195 
2030   839 
2031   260 
Total  $123,215