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v3.25.2

Property, Plant and Equipment, Net | 12 Months Ended
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Mar. 31, 2025
Property, Plant and Equipment, Net [Abstract] |
PROPERTY, PLANT AND EQUIPMENT, NET |
8. | PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment, net consisted of the following:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |
|  | $ |  |  | $ |
At cost: |  |  |  |  |  |
Machinery and equipment |  |  | 11,036 |  |  |  | 11,122 |
Furniture and fixtures |  |  | 79 |  |  |  | 79 |
Leasehold improvements |  |  | 816 |  |  |  | 743 |
Motor vehicles |  |  | 151 |  |  |  | 151 |
Total |  |  | 12,082 |  |  |  | 12,095 |
Less: Accumulated depreciation and impairment |  |  | (11,747 | ) |  |  | (12,001 | )
Less: Impairment loss |  |  | (335 | ) |  |  | - |
Property, plant and equipment, net |  |  | - |  |  |  | 94 |
Depreciation expense incurred for the years ended March 31, 2023, 2024 and 2025 were $209, $159 and $9, respectively. For the year ended March 31, 2024, as the estimated undiscounted future cash flows are less than the carrying value of property, plant and equipment, an impairment loss of $335 was recognized. Income approach was used to measure the fair value of assets and liabilities. Impairment loss was recognized as the adverse changes in the business climate negatively impacted the Group’s business operations. No impairment of property, plant and equipment was recognized during the years ended March 31, 2023 and 2025. During the fiscal year ended March 31, 2025, the company sold an apartment located in Shenzhen, China for net proceeds of $333 after transaction taxes.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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