| Prepayments and other receivables |
8. Prepayments and other receivables | | | 2026 | | | 2025 | | | | | US$ | | | US$ | | | Prepaid insurance | | | 61,571 | | | | 27,438 | | | Prepaid Nasdaq fee | | | — | | | | 630,000 | | | Performance fee receivables | | | — | | | | 3,936,122 | | | Receivable from broker | | | 19,587,461 | | | | — | | | Management fee receivable | | | 100,000 | | | | — | | | Interest receivables | | | 5,539 | | | | — | | | Others | | | 59,885 | | | | 20,395 | | | Total | | | 19,814,456 | | | | 4,613,955 | | | Allowance for expected credit loss | | | — | | | | — | | | Prepayments and other receivables after allowance for expected credit loss | | | 19,814,456 | | | | 4,613,955 | | Note: | (a) | On March 28, 2023, the Company’s subsidiary, Metalpha, entered an investment agreement with Bsset Technology Limited (“Bsset”). According to the investment agreement, Metalpha transferred approximately US$100,013 to Bsset to invest in a crypto asset portfolio managed by Bsset. As of May 17, 2023, approximately US$80,010 have been received, while remaining still outstanding. Allowance for expected credit loss of US$2,076 was recorded in the consolidated statements of profit or loss and comprehensive loss for the year ended March 31, 2024. | Movements of allowance for expected credit loss as followings: | | | 2026 | | | 2025 | | | | | US$ | | | US$ | | | At the beginning of financial year | | | — | | | | 2,076 | | | Written-off | | | — | | | | (2,076 | ) | | At the end of financial year | | | — | | | | — | |
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