Prepayments, Other Receivables and Other Current Assets |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Prepayments, Other Receivables and Other Current Assets [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PREPAYMENTS, OTHER RECEIVABLES AND OTHER CURRENT ASSETS | 5. PREPAYMENTS, OTHER RECEIVABLES AND OTHER CURRENT ASSETS
As of June 30, 2026 and March 31, 2026, the prepayments, other receivables and other current assets were comprised of the following:
allowance for credit losses was recorded as of June 30, 2026 and March 31, 2026, and there was no movement of allowance for credit losses for the three months ended June 30, 2026 and for the year ended March 31, 2026.
The balance of prepaid expense represented automobile liability insurance premium for automobiles for operating lease, consulting service for strategic and capital-market, and other miscellaneous expense such as office expense, etc. that will expire within one year.
The balance of deposits mainly represented the security deposit made by the Company to various automobile leasing companies and Didi Chuxing Technology Co., Ltd., who runs an online ride-hailing platform. As of June 30, 2026 and March 31, 2026, allowance for credit losses was recorded. |
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