PREPAID EXPENSES AND OTHER CURRENT ASSETS

12 Months Ended

Mar. 31, 2026

PREPAID EXPENSES AND OTHER CURRENT ASSETS

PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 4 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted of the following as of March 31, 2026 and 2025:

	As of March 31,			As of March 31,
	2026			2025
Advance payments and prepayments (1)	$	1,566,667		$	1,500,000
Loans to third parties (2)		3,863,550			-
Other receivables		210,094			12,208
Interest receivable		227,896			-
Prepaid expenses and other current assets, gross		5,868,207			1,512,208
Less: impairment allowance		(1,500,000	)		-
Prepaid expenses and other current assets, net	$	4,368,207		$	1,512,208

(1) During the fiscal year 2026, an application-development project for which the Company had previously paid a $1,500,000 development fee encountered development difficulties and was subsequently terminated. The Company concluded that the advance was not recoverable and recognized a full impairment charge during the fiscal year ended March 31, 2026.

(2) On December 4, 2025, the Company made unsecured loans of $2,963,550 to Pistis International Limited and $900,000 to Fitor Investing Limited. Each loan bears fixed interest at 6% per annum and matures on December 3, 2026. As of March 31, 2026, the aggregate principal balance was $3,863,550 and accrued interest receivable was $74,307. The borrowers may prepay without penalty. The principal and accrued interest on both loans were collected in full before the financial statements were issued.