v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Mar. 31, 2025
Current assets    
Cash and cash equivalents $ 1,647,804 $ 249,923
Accounts receivable, net (Note 3) 834,583 4,222,982
Contract assets (Note 4) 1,691,118 5,304,061
Deposits, prepayments and other assets (Note 5) 61,685 483,864
Total current assets 4,235,190 10,260,830
Non-current assets    
Property and equipment, net (Note 6) 1,055,223 1,132,422
Finance lease right-of-use assets, net (Note 7) 84,200 147,967
Operating lease right-of-use assets, net (Note 7) 40,880
Life insurance policy, cash surrender value (Note 2) 173,563 167,224
Contract assets (Note 4) 1,636,414
Deferred tax assets (Note 12) 276,696 79,426
Deposits, prepayments and other assets (Note 5) 8,957
Total non-current assets 1,639,519 3,163,453
Total assets 5,874,709 13,424,283
Current liabilities    
Accounts payable (Note 8) 1,048,408 3,964,976
Bank and other borrowings (Note 10) 2,415,763 4,761,434
Finance lease liabilities, current portion (Note 7) 48,345 66,150
Operating lease liabilities, current portion (Note 7) 34,892
Accrued expenses and other current liabilities (Note 9) 373,845 412,470
Income tax payable 835,184 321,445
Total current liabilities 5,987,427 9,526,475
Non-current liabilities    
Bank and other borrowings (Note 10) 4,661,060 2,865,484
Finance lease liabilities, net of current portion (Note 7) 48,345
Operating lease liabilities, net of current portion (Note 7) 5,988
Total non-current liabilities 4,667,048 2,913,829
Total liabilities 10,654,475 12,440,304
Shareholders’ (deficit) equity    
Ordinary shares, 100,000,000 shares authorized; USD0.0005 par value, 12,975,000 shares issued and outstanding, as of March 31, 2026 and 2025 (Note 17) 6,488 6,488
Additional paid in capital 6,819,954 6,819,954
Accumulated deficit (11,606,208) (5,842,463)
Total shareholders’ (deficit) equity (4,779,766) 983,979
Total liabilities and shareholders’ (deficit) equity 5,874,709 13,424,283
Related Party [Member]    
Current liabilities    
Amount due to a related party (Note 14) $ 1,230,990