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v3.25.2

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Mar. 31, 2025
Summary of Significant Accounting Policies [Abstract] |
Schedule of Translation of Foreign Currencies | Translation of foreign currencies into US$ 1 have been made at the following exchange rates for the respective periods:
|  | As of and for the years ended March 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Period-end SGD: US$1 exchange rate |  |  | 1.3445 |  |  |  | 1.3475 |  |  |  | 1.3294 |
Period-end HKD: US$1 exchange rate |  |  | 7.7799 |  |  |  | 7.8259 |  |  |  | 7.8499 |
Period-end MYR: US$1 exchange rate |  |  | 4.4365 |  |  |  | 4.7225 |  |  |  | 4.413 |
Period-end RMB: US$1 exchange rate |  |  | 7.2567 |  |  |  | - |  |  |  | - |
Period-end BRL: US$1 exchange rate |  |  | 5.7405 |  |  |  | - |  |  |  | - |
Period-end AED: US$1 exchange rate |  |  | 3.6730 |  |  |  | - |  |  |  | - |
Period-average SGD: US$1 exchange rate |  |  | 1.3380 |  |  |  | 1.3447 |  |  |  | 1.3739 |
Period-average HKD: US$1 exchange rate |  |  | 7.7930 |  |  |  | 7.8246 |  |  |  | 7.8389 |
Period-average MYR: US$1 exchange rate |  |  | 4.5067 |  |  |  | 4.6409 |  |  |  | 4.4467 |
Period-average RMB: US$1 exchange rate |  |  | 7.2163 |  |  |  | - |  |  |  | - |
Period-average BRL: US$1 exchange rate |  |  | 5.6071 |  |  |  | - |  |  |  | - |
Period-average AED: US$1 exchange rate |  |  | 3.6729 |  |  |  | - |  |  |  | - |
Schedule of Estimated Useful Lives | The estimated useful lives are as follows:
|  | Expected useful lives
Office equipment |  | 3 years
Furniture & fitting |  | 3 years
Office and warehouse renovation |  | Shorter of the lease term or 3 years
Schedule of Changes in the Carrying Amount of Goodwill | The table below summarizes the changes in the carrying amount of goodwill for each reporting unit:
|  | Console Game |  |  | Publishing |  |  | Media Advertising service |  |  | Others |  |  | Total |
Balance at March 31, 2022 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Acquired goodwill |  |  | 2,047,154 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,047,154 |
Balance at March 31, 2023 |  |  | 2,047,154 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,047,154 |
Acquired goodwill |  |  | 674,367 |  |  |  | - |  |  |  | - |  |  |  | 268,873 |  |  |  | 943,240 |
Impairments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Balance at March 31, 2024 |  |  | 2,721,521 |  |  |  | - |  |  |  | - |  |  |  | 268,873 |  |  |  | 2,990,394 |
Acquired goodwill |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Impairments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Balance at March 31, 2025 |  | $ | 2,721,521 |  |  | $ | - |  |  | $ | - |  |  | $ | 268,873 |  |  | $ | 2,990,394 |
Schedule of Disaggregated Information of Revenues by Products/Services | Disaggregated information of revenues by products/services are as follows:
|  | For the Years Ended March 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Console game |  | $ | 36,082,735 |  |  | $ | 38,429,942 |  |  | $ | 39,499,316 |
Console game code |  |  | 87,180,808 |  |  |  | 52,588,862 |  |  |  | 28,575,826 |
Console game– subtotal |  |  | 123,263,543 |  |  |  | 91,018,804 |  |  |  | 68,075,142 |
Game publishing |  |  | 16,029,523 |  |  |  | 3,431,680 |  |  |  | 6,103,312 |
Video marketing campaign services |  |  | 1,815,420 |  |  |  | 2,128,589 |  |  |  | 2,486,844 |
Social media advertising services |  |  | 422,944 |  |  |  | 587,500 |  |  |  | 778,857 |
Media advertising services- subtotal |  |  | 2,238,364 |  |  |  | 2,716,089 |  |  |  | 3,265,701 |
Other revenue |  |  | 541,156 |  |  |  | 368,128 |  |  |  | — |
Total revenues |  | $ | 142,072,586 |  |  | $ | 97,534,701 |  |  | $ | 77,444,155 |
Schedule of Fair Value Hierarchy our Financial Asset and Liability | The following table sets forth by level within the fair value hierarchy our financial asset and liability that were accounted for at fair value on a recurring basis As of March 31, 2025 and 2024:
|  | Carrying Value at March 31, |  |  | Fair Value Measurement at March 31, 2025 |
|  | 2025 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Derivative asset attributable to Buy-Back Feature embedded in 2Game SPA |  | $ | 269,119 |  |  | $ | - |  |  | $ | - |  |  | $ | 269,119 |
Contingent consideration for acquisition of 2Game |  | $ | 1,121,006 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,121,006 |
Derivative liabilities (Top-Up Shares) |  | $ | 3,086,519 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,086,519 |
|  | Carrying Value at March 31, |  |  | Fair Value Measurement at March 31, 2024 |
|  | 2024 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Contingent consideration for acquisition of 2Games |  | $ | 3,697,000 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,697,000 |
Schedule of Financial Assets and Liability Measured at Fair Value on a Recurring Basis | The following is a reconciliation of the beginning and ending balance of the financial assets and liability measured at fair value on a recurring basis for the years ended March 31, 2025, 2024, and 2023:
|  | Derivative Asset |
Initial fair value of derivative assets attributable to Buy-Back Feature embedded in 2Game SPA |  | $ | 269,119 |
Change in fair value of derivative asset |  |  | - |
Ending balance As of March 31, 2025 |  | $ | 269,119 |
|  | Contingent consideration for acquisition |
Beginning balance |  | $ | 3,360,848 |
Change in fair value of contingent consideration for acquisition |  |  | 932,152 |
Ending balance as of March 31, 2023 |  | $ | 4,293,000 |
Payment of cash and share consideration |  |  | (806,710 | )
Change in fair value of contingent consideration for acquisition |  |  | 272,029 |
Exchange rate difference |  |  | (61,319 | )
Ending balance as of March 31, 2024 |  |  | 3,697,000 |
Payments of cash and share consideration |  |  | (3,068,835 | )
Change in fair value of contingent consideration for acquisition |  |  | 545,428 |
Exchange rate difference |  |  | (52,587 | )
Ending balance as of March 31, 2025 |  | $ | 1,121,006 |
|  |  | Convertible notes |
Initial fair value of convertible notes |  | $ | 33,025,000 |
Conversion of the convertible notes |  |  | (25,063,061 | )
Change in fair value of convertible notes upon conversion of the convertible notes |  |  | (5,254,103 | )
Fair value allocated to Top-Up Shares upon conversion of the convertible notes |  |  | (2,707,836 | )
Ending balance as of March 31, 2025 |  | $ | - |
|  | Derivative liabilities (Top-Up Shares) |
Fair value allocated to Top-Up Shares upon conversion of the convertible notes |  | $ | 2,707,836 |
Change in fair value of derivative liability |  |  | 378,683 |
Ending balance as of March 31, 2025 |  | $ | 3,086,519 |

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