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REVENUE RECOGNITION
 12 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]

NOTE 17 – REVENUE RECOGNITION

 

Revenue in the renting business when the equipment is rented, and the terms of the agreement have been fulfilled during the period. Revenue from the execution of infrastructure contracts is recognized on the basis of the output method as and when part of the performance obligation has been completed, and approval from the contracting agency has been obtained after a survey of the performance completion as of that date. The revenue from the wellness and lifestyle business is recognized once goods have been sold to the customer and the performance obligation has been completed. In retail sales, we offer consumer products through our online stores. Revenue is recognized when control of the goods is transferred to the customer. This generally occurs upon our delivery to a third-party carrier or to the customer directly. Revenue from white labelling services is recognized when the performance obligation has been completed, and output material has been transferred to the customer.

Net sales disaggregated by significant products and services for Fiscal 2025 and 2024 are as follows:

 

   (in thousands)
Year ended March 31,		 
   2025
($)		   2024
($)		 
Wellness and lifestyle (1)   113    228 
White labeling services (2)   1,158    953 
Other(3)   -    164 
Total   1,271    1,345 

 

(1)Revenue from wellness and lifestyle consists of the sale of products such as gummies, hand sanitizers, bath bombs, lotions, beverages, hemp crude extract, hemp isolate, and hemp distillate.
(2)Revenue from white labelling services consists of rebranding our formulations or the customer’s products as per the customer’s requirement.
(3)Other consists of income from the rental of heavy construction equipment and the execution of contracts directly or through subcontractors.