XML 37 R23.htm IDEA: XBRL DOCUMENT
v3.24.2

Off-Balance Sheet Exposure | 12 Months Ended
--- | ---
Mar. 31, 2024
Off-Balance Sheet Exposure [Abstract] |
OFF-BALANCE SHEET EXPOSURE |
15. | OFF-BALANCE SHEET EXPOSURE
Pursuant to agreements signed in October 2020 and January 2021, the Group has extended a credit facility of $1,000 to a new customer for 30 months expiring on April 5, 2023. The agreement and the credit facility were extended for a further 24 months based on a promissory note signed on May 30, 2023 and that the outstanding balance as of March 31, 2023 will be repaid by July 31, 2023. This credit facility is collateralized by the intellectual property rights of the customer, personal guarantees of the shareholders of the customer and 10% of the common stock of the customer. Subsequently during the year ended March 31, 2024, the off-balance sheet credit facility was terminated with mutual consent and the credit term was changed to 30 days after invoice date. As of March 31, 2024, the Group did not have any off-balance sheet exposure to this customer (2023: $263). As of March 31, 2023, the customer has utilized $737 of the credit facility and the amount was reflected in accounts receivable. The allowance for expected credit losses for the unutilized credit facility was nil as of March 31, 2024 (2023: $28).

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

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration