| Schedule of prepayments and other current assets |
Schedule of prepayments and other current assets
| | |
As of
June 30, 2026 | | |
As of
March 31, 2026 | |
| | |
| | |
| |
| Balance with statutory
authorities (i) | |
| 3,116,326 | | |
| 2,587,264 | |
| Unbilled revenue (ii) | |
| 6,124,421 | | |
| 5,827,805 | |
| Advances given (iii) | |
| 1,957,364 | | |
| 1,635,623 | |
| Other receivables (iv) | |
| 1,076,813 | | |
| 47,835 | |
| Prepayments | |
| 578,031 | | |
| 673,595 | |
| Forward purchase agreement
(v) | |
| — | | |
| 6,800,000 | |
| Deposits | |
| 280,879 | | |
| 260,997 | |
| Prepayments
and other current assets | |
| 13,133,834 | | |
| 17,833,119 | |
| i) | Balance
with statutory authorities represents withholding taxes and value added tax receivables from
local tax authorities. |
| ii) | Unbilled
revenue is net of allowances amounting to $2,661,392 and $1,809,347 as of June 30, 2026 and
March 31, 2026, respectively. |
| iii) | Advances
given include: |
| |
|
a) |
$1,085,735
and $1,106,447 of advances to suppliers as of June 30, 2026 and March 31, 2026, respectively. |
| |
|
|
|
| |
|
b) |
$433,284
and $336,381 of advances to employees as of June 30, 2026 and March 31, 2026, respectively. Advances to employees include related
party balances of $64,499 and $70,456 as of June 30, 2026 and March 31, 2026, respectively. |
| iv) | Other
receivable includes $914,726.53 representing
the updated carrying value of the FPA-related asset. |
| | | |
| | v) | Forward
purchase agreement |
|