v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Operating activities:      
Net (loss) income $ (5,763,745) $ (5,730,751) $ 2,326,597
Adjustments:      
Depreciation on property and equipment 77,199 82,425 26,214
Amortization of right-of-use assets – finance lease 63,767 68,098 79,521
Gain on disposal of right-of-use assets – finance lease (3,686)
Gain on disposal of a motor vehicle (2,003)
Change in cash value of life insurance policy (6,339) (6,333) (5,140)
Expected credit loss allowance 1,130,467 836,720 30,075
Deferred income tax benefit (197,270) (80,154) (183)
Previously deferred IPO cost that expensed in the year 370,957
Change in working capital items:      
Change in accounts receivable 1,906,151 (2,862,829) 1,724,503
Change in contract assets 5,599,106 (652,491) (3,692,174)
Change in deposits, prepayments and other assets 415,254 (465,131) 17,856
Change in accounts payable (2,916,568) 798,799 1,282,131
Change in income tax payable 513,739 (231,225) 247,080
Change in accrued expenses and other current liabilities (38,625) 275,679 53,438
Cash provided (used in) by operating activities 783,136 (7,969,196) 2,457,189
Investing activities:      
Purchase of property and equipment (1,147,262)
Sales proceeds from disposal of a motor vehicle 10,256
Cash provided by (used in) investing activities 10,256 (1,147,262)
Financing activities:      
Proceeds from new bank and other borrowings 12,074,745 16,501,786 23,383,104
Repayment of bank and other borrowings (12,624,840) (15,727,101) (21,852,990)
Principal payments for lease liabilities (66,150) (67,372) (119,465)
Advances from a related party 1,230,990 1,058,733
Repayments to a related party (1,108,692) (2,730,449)
Issuance of shares 9,493,125
Payment for offering cost (1,963,397) (292,304)
Cash provided by (used in) financing activities 614,745 7,128,349 (553,371)
Net increase (decrease) in cash and cash equivalents 1,397,881 (830,591) 756,556
Cash and cash equivalents as of beginning of the year 249,923 1,080,514 323,958
Cash and cash equivalents as of the end of the year 1,647,804 249,923 1,080,514
Supplementary Cash Flows Information      
Cash paid for income tax 231,225 402,038
Cash paid for interest 346,696 508,810 286,090
Supplemental of Non-Cash Investing and Financing Activities      
Proceeds from disposal of Right-of-use assets – finance lease received by a director on behalf of the Company 51,282
Dividend declared and offset against due from major shareholder $ 1,108,692 $ 1,711,225