XML 35 R22.htm IDEA: XBRL DOCUMENT
v3.25.2

Note 14 - Leases | 12 Months Ended
--- | ---
Mar. 31, 2025
Notes to Financial Statements |
Lessee Lease Disclosure [Text Block] | NOTE 14 — LEASES The Company leases office space in the U.S. and in Hong Kong as well as a copier in the U.S. These leases have remaining non-cancellable lease terms of twenty-nine to fifty-one months. The Company has elected not to separate lease and non-lease components for all leased assets. The Company did not identify any events or conditions during fiscal 2025 to indicate that a reassessment or re-measurement of the Company’s existing leases was required. There were also no impairment indicators identified during fiscal 2025 that required an impairment test for the Company’s right-of-use assets or other long-lived assets in accordance with ASC 360-10, "Impairment and Disposal of Long-Lived Assets”. As of March 31, 2025, the Company’s current operating and finance lease liabilities were approximately $136,000 and $1,200, respectively, and its non-current operating and finance lease liabilities were approximately $321,000 and $5,100, respectively. The Company’s operating and finance lease right-of-use asset balances are presented in non-current assets. The net balance of the Company’s operating and finance lease right-of-use assets as of March 31, 2025 were approximately $443,000 and $5,700, respectively. As disclosed in "Note 3 - Related Party Transactions", the Company's office space in Hong Kong is being leased from VACL, which is a company related to the Company’s Chairman of the Board. As of March 31, 2025, the current operating liability of this lease is approximately $100,000 and its non-current liability is approximately $160,000. Its right-of-use asset value is approximately $260,000, as of March 31, 2025. As of March 31, 2025, the Company's office space in the United States has a current operating liability of approximately $36,000 and its non-current liability is approximately $162,000. The right-of-use asset value of this operating lease is approximately $183,000, March 31, 2025. The components of lease costs, which were included in operating expenses in the Company’s condensed consolidated statements of operations, were as follows:
|  | Year Ended March 31, |
|  | 2025 |  |  | 2024 |
|  | (in thousands) |
Lease cost |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 191 |  |  | $ | 196 |
The supplemental cash flow information related to leases are as follows: |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  |  | 187 |  |  |  | 167 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |
Operating leases |  |  | 313 |  |  |  | 248 |
Finance leases |  |  | 6 |  |  |  | — |
Information relating to the lease term and discount rate are as follows:
Weighted average remaining lease term (in months) |  | As of March 31, 2025 |  |  | As of March 31, 2024 |
Operating leases |  |  | 35.6 |  |  |  | 45.8 |
Finance leases |  |  | 50.2 |  |  |  | 2.2 |
Weighted average discount rate |  |  |  |  |  |  |  |
Operating leases |  |  | 10.39 | % |  |  | 9.76 | %
Finance leases |  |  | 10.50 | % |  |  | 7.50 | %
As of March 31, 2025 the maturities of lease liabilities were as follows:
(in thousands) |  | Operating Leases |  |  | Finance Leases |
2026 |  | $ | 175 |  |  | $ | 2 |
2027 |  |  | 187 |  |  |  | 2 |
2028 |  |  | 118 |  |  |  | 2 |
2029 |  |  | 52 |  |  |  | 2 |
2030 |  |  | — |  |  |  | — |
Thereafter |  |  | — |  |  |  | — |
Total lease payments |  | $ | 532 |  |  | $ | 8 |
Less: Imputed interest |  |  | (75 | ) |  |  | (2 | )
Total |  | $ | 457 |  |  | $ | 6 |

X
- Definition Lessee lease disclosure. + References No definition available. + Details
Name: | msn_LesseeLeaseDisclosureTextBlock
Namespace Prefix: | msn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration