v3.26.3
LEASES
3 Months Ended
Jun. 30, 2026
Leases  
LEASES

5.       LEASES

 

The Company entered into commercial operating leases with a third party for the use of office in Hong Kong. This lease has original term of 3 years. This operating lease is included in “Right-of-use Assets” on the condensed consolidated balance sheets and represent the Company’s right to use the underlying assets during the lease term. The Company’s obligation to make lease payments are included in “Operating Lease liabilities” on the condensed consolidated balance sheets.

 

Supplemental balance sheet information related to operating leases was as follows:

      
   As of
   June 30, 2026  March 31, 2026
Operating lease:          
Right-of-use assets, net  $217,867   $268,117 
           
Operating lease liabilities:          
Current lease liabilities  $214,622   $228,929 
Non-current lease liabilities   18,670    55,240 
           
Total operating lease  $233,292   $284,169 

 

Operating lease expense for the three months ended June 30, 2026 and 2025 was $50,250 and $50,570, respectively.

 

Other supplemental information about the Company’s operating lease, as of:

               
    June 30, 2026     March 31, 2026  
Weighted average discount rate     8%       8%  
Weighted average remaining lease term     1.08       1.33  

 

The following table summarizes the future minimum lease payments due under the Company’s operating lease in the next two years, as of June 30, 2026:

   
Period ending June 30,   
2027  $225,530 
2028   18,794 
Total minimum operating lease liabilities payment   244,324 
Less: imputed interest   (11,032)
Future minimum lease liabilities  $233,292