10. Prepayments and Other Assets, Net As of March 31, 2026, and 2025, prepayments and other assets, net, consisted of the following: | | | As of March 31, | | | | | 2026 | | | 2025 | | | Deposits | | $ | 79,052 | | | $ | 79,619 | | | Less: allowance for expected credit losses | | | (701 | ) | | | (805 | ) | | | | | 78,351 | | | | 78,814 | | | Less: amounts classified as non-current assets | | | (25,931 | ) | | | (68,290 | ) | | Amounts classified as current assets | | | 52,420 | | | | 10,524 | | | | | | | | | | | | | Prepayments | | | 3,191,866 | | | | 5,762,642 | | | Less: amounts classified as non-current assets | | | - | | | | (1,619,424 | ) | | Amounts classified as current assets | | $ | 3,191,866 | | | $ | 4,143,218 | | The movement of allowance for expected credit losses is as follow: | | | As of March 31, | | | | | 2026 | | | 2025 | | | Balance at beginning of the year | | $ | 805 | | | $ | 990 | | | Reversal of expected credit losses | | | (99 | ) | | | (190 | ) | | Foreign exchange difference | | | (5 | ) | | | 5 | | | Balance at end of the year | | $ | 701 | | | $ | 805 | |
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