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Other Assets, Net | 12 Months Ended
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Mar. 31, 2024
Other Assets, Net [Abstarct] |
Other Assets, Net | 8. Other Assets, Net As of March 31, 2024, and 2023, other assets consisted of the following:
|  | As of March 31, |
|  | 2024 |  |  | 2023 |
Deposits |  | $ | 103,517 |  |  | $ | 60,988 |
Prepayments |  |  | 6,309,779 |  |  |  | 40,204 |
|  |  | 6,413,296 |  |  |  | 101,192 |
Less: allowance for expected credit losses |  |  | (990 | ) |  |  | - |
Other assets, net |  |  | 6,412,306 |  |  |  | 101,192 |
Less: amounts classified as non-current assets |  |  | (3,959,651 | ) |  |  | (29,299 | )
Amounts classified as current assets |  | $ | 2,452,655 |  |  | $ | 71,893 |
The movement of allowance for expected credit losses is as follow:
|  | As of March 31, |
|  | 2024 |  |  | 2023 |
Balance at April 1 |  | $ | - |  |  | $ | - |
Provision for expected credit losses |  |  | 990 |  |  |  | - |
Balance at March 31 |  | $ | 990 |  |  | $ | - |
The Group adopted ASU 2016-13 from April 1, 2023 using modified-retrospective transition approach with a cumulative-effect adjustment to shareholders’ equity amounting to nil being recognized as of April 1, 2023.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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