v3.26.1
Operating expenses
 12 Months Ended
Mar. 31, 2026
Operating Expenses  
Operating expenses

 

15. Operating expenses

 

Operating expenses consisted of the following:

 

          
   For the years ended March 31, 
   2026   2025   2024 
Selling and marketing expenses:               
Total selling and marketing expenses  $12,991   $—   $— 
General and administrative expenses:               
Share-based compensation  $1,050,350   $436,800   $— 
Audit fees   321,711    354,800    305,000 
Attorney fee   297,969    132,745    141,689 
Employee compensation and benefit   157,717    475,579    277,725 
Rental fee(1)   112,632    103,133    169,961 
Nasdaq annual listing and registrar fees   90,202    70,516    66,655 
Consulting fees   83,480    63,413    98,315 
Investment relationship fee   49,129    9,129    41,990 
Depreciation expenses   18,459    18,306    18,356 
Office expense   11,320    62,974    33,492 
Entertainment   1,515    1,661    906 
Amortization of intangible assets   —    —    31,929 
Credit losses on AR   —    —    162,028 
Others   7,531    10,703    2,822 
General and administrative expenses  $2,202,015   $1,739,759   $1,350,868 
                
Research and development expenses:               
Total research and development expenses  $434,854   $—   $— 
                
Operating expenses – Continuing operations  $2,649,860   $1,739,759   $1,350,868 
                
Operating expenses – Discontinued operations   —    725,540    835,823 

 

(1) Pursuant to the renewal clauses in certain lease agreements, each extension requires separate negotiation. Consequently, these leases were classified as short-term leases (with lease terms of 12 months or less), and the recognized rental expenses include $8,635 and $83,041 attributable to such short-term leases for the years ended March 31, 2026 and 2025.