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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Operating activities      
Net income (loss) $ (6,981,068) $ 1,091,285 $ 1,167,260
Non-cash item adjustments:      
Non-cash operating lease expense 76,956 43,500 20,292
Depreciation of right-of-use assets – finance lease 1,546,442 1,300,302 1,003,668
Depreciation of property, plant and equipment 149,291 156,419 136,623
Consulting service fees to four independent consultants under Stock Incentive Plan 6,144,000
Deferred tax expenses (recovery) (143,400) 68,580 87,010
Loss on disposal of right-of-use assets – finance lease 11,026 197
Allowance for expected credit loss 696,640 (22,522) 201,751
Change in working capital items:      
Change in accounts receivable (2,587,091) (1,000,746) (2,529,230)
Change in accounts receivable – related parties (29,324) 1,533,590 (642,535)
Change in retention receivable (46,496) (405,094) (41,557)
Change in prepayment, deposits and other receivable 763,634 (787,948) (58,017)
Change in accounts payable, accruals and other current liabilities (1,209,269) (479,398) 1,063,607
Change in accounts payable – related parties (279,498) 43,069 236,429
Change in contract liabilities (836,911) 734,348 102,563
Change in income taxes payable 8,772 148,079 112,738
Change in lease liabilities – Operating lease (102,941) (29,449) (20,648)
Cash provided by (used in) operating activities (2,819,237) 2,394,212 839,954
Investing activities      
Purchase of property, plant and equipment (46,398)
Cash used in investing activities (46,398)
Financing activities      
Net proceeds (repayments) from a director 333,172 (348,157) 110,389
Net proceeds from a related company 156,248
Proceeds of bank loans 1,078,941
Repayment of bank loans (93,505) (34,822)
Proceeds from disposal ROU-finance lease 747 21,276
Initial payment of finance lease (184,590) (139,595) (24,823)
Initial payment of finance lease – related parties (156,248)
Principal payment of finance lease liabilities (806,226) (935,304) (693,666)
Principal payment of finance lease liabilities – related parties (301,979) (322,807) (656,399)
Payment of offering costs (1,438,964) (385,587) (478,841)
Proceeds from issuance of common stock, net of issuance costs 5,277,100
Cash (used in) provided by financing activities 2,785,755 (2,144,996) (664,399)
Net increase (decrease) in cash and cash equivalents (33,482) 249,216 129,157
Cash and cash equivalents as of beginning of the year 489,435 240,219 111,062
Cash and cash equivalents as of the end of the year 455,953 489,435 240,219
Supplementary Cash Flows Information      
Cash paid for interest 224,412 210,713 175,885
Cash paid for income tax 15,337 30,943 19,895
Ordinary shares issued for settlement of consulting fees related to four independent consultants 9,216,000
Accruals for offering cost 519,255
Right-of-use assets obtained in exchange for new operating lease liabilities 67,072 90,342 65,667
Right-of-use assets obtained in exchange for new finance lease liabilities $ 964,362 $ 1,767,504 $ 2,153,607