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LEASES

12 Months Ended

Mar. 31, 2025

Leases

LEASES

6. LEASES

The Company has obligations under operating leases for its offices. As of March 31, 2025 and 2024, the remaining lease terms of the various leases are less than 24 months. The majority of the Company’s leases include renewal options at the sole discretion of the Company. In general, it is not reasonably certain that lease renewals will be exercised at lease commencement and therefore lease renewals are not included in the lease term.

The following table details the Company’s net lease expense. The lease expenses include contingent rent payments and other non-fixed lease related costs, including common area maintenance, property taxes, and landlord’s insurance.

SCHEDULE OF LEASE EXPENSE

Lease expense		March 31, 2025				March 31, 2024
Lease expense		Year Ended March 31, 2025				Year Ended March 31, 2024

Net lease expense:
Operating lease expense		$	110			$	299
Total lease expense		$	110			$	299

Weighted-average remaining lease term - Years			0.53				1.53
Weighted-average discount rate			5.0	%			5.0	%

Rent expense for the fiscal years ended March 31, 2025 and 2024 was $894 and $479, respectively (including short term and other rentals).

Maturity of lease liabilities		March 31, 2025				March 31, 2024

Within one year		$	48			$	109
Within one to two years			-				45
Total lease payments			48				154
Discount rate			(4	)			(9	)
Present value of lease liabilities		$	44			$	145