XML 54 R39.htm IDEA: XBRL DOCUMENT
v3.25.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2025
Income Taxes [Abstract] |
Schedule of Income (Loss) Before Income Taxes | The components of (loss) income before income taxes are as follows:
|  | Year ended March 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |
|  | $ |  |  | $ |  |  | $ |
Hong Kong |  |  | (1,065 | ) |  |  | (346 | ) |  |  | (502 | )
China |  |  | 774 |  |  |  | 39 |  |  |  | 567 |
Myanmar |  |  | (22 | ) |  |  | (832 | ) |  |  | 82 |
Total |  |  | (313 | ) |  |  | (1,139 | ) |  |  | 147 |
Schedule of Income Tax (Credit) Expense | Income tax (credit) expense consists of the following:
|  | Year ended March 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |
|  | $ |  |  | $ |  |  | $ |
Current tax: |  |  |  |  |  |  |  |  |  |  |  |
Hong Kong |  |  |  |  |  |  |  |  |  |  |  |
Current tax |  |  | - |  |  |  | - |  |  |  | - |
Over provision in prior year |  |  | (12 | ) |  |  | (59 | ) |  |  | - |
China |  |  |  |  |  |  |  |  |  |  |  |
Current tax |  |  | 1 |  |  |  | - |  |  |  | 38 |
(Over)/under provision in prior year |  |  | - |  |  |  | - |  |  |  | - |
Myanmar |  |  |  |  |  |  |  |  |  |  |  |
Current tax |  |  | - |  |  |  | - |  |  |  | - |
Under provision in prior year |  |  | 3 |  |  |  | 5 |  |  |  | - |
Deferred tax |  |  | (12 | ) |  |  | (107 | ) |  |  | - |
Total |  |  | (20 | ) |  |  | (161 | ) |  |  | 38 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation between income taxes computed by applying the Hong Kong profits tax rate to loss/profit before income taxes, the income taxes are as follows:
|  | Year ended March 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |
|  | % |  |  | % |  |  | % |
Profits tax rate in Hong Kong |  |  | 16.5 |  |  |  | 16.5 |  |  |  | 16.5 |
Non-deductible items/non-taxable income* |  |  | 15.9 |  |  |  | (7.9 | ) |  |  | (50.0 | )
Changes in valuation allowances |  |  | 22.6 |  |  |  | 10.4 |  |  |  | 138.3 |
Overprovision of profits tax in prior year |  |  | 2.9 |  |  |  | 4.7 |  |  |  | - |
Effect of different tax rate of subsidiaries operating in other jurisdictions |  |  | (18.8 | ) |  |  | (0.4 | ) |  |  | 47.0 |
Effect of preferential tax rate |  |  | - |  |  |  | - |  |  |  | (77.3 | )
Tax effect of tax losses not recognized |  |  | (55.7 | ) |  |  | (12.3 | ) |  |  | (52.7 | )
Tax effect of other temporary difference not recognized |  |  | - |  |  |  | - |  |  |  | (21.8 | )
Profit tax expense from disposal of PRC property |  |  | - |  |  |  | - |  |  |  | 26.1 |
Others |  |  | 23.0 |  |  |  | 3.1 |  |  |  | - |
Effective tax rate |  |  | 6.4 |  |  |  | 14.1 |  |  |  | 26.1 |
* | The Non-deductible items/non-taxable income are mainly including the non-deductible entertainment expense, gain from disposal of PRC property, exempt interest income and other non-deductible expenses.
Schedule of Deferred Income Tax Liabilities (Assets) | Deferred income tax liabilities (assets) are as follows:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |
|  | $ |  |  | $ |
Deferred tax assets: |  |  |  |  |  |
Property, plant and equipment |  |  | 64 |  |  |  | 45 |
Other social benefits |  |  | - |  |  |  | 46 |
Lease liabilities |  |  | 171 |  |  |  | 52 |
Tax loss carry forwards |  |  | 720 |  |  |  | 918 |
Total deferred tax assets |  |  | 955 |  |  |  | 1,061 |
Valuation allowance |  |  | (792 | ) |  |  | (995 | )
Total deferred tax assets, net of valuation allowance |  |  | 163 |  |  |  | 66 |
Deferred tax liabilities: |  |  |  |  |  |
Operating lease right-of-use assets |  |  | (163 | ) |  |  | (66 | )
Total deferred tax liabilities |  |  | (163 | ) |  |  | (66 | )
Net deferred tax (assets) / liabilities |  |  | - |  |  |  | - |
Schedule of Valuation Allowance | Movement of valuation allowances are as follows:
|  | Year ended March 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |
|  | $ |  |  | $ |  |  | $ |
At the beginning of the year |  |  | 494 |  |  |  | 469 |  |  |  | 792 |
Current year (reduction) addition |  |  | (25 | ) |  |  | 323 |  |  |  | 203 |
At the end of the year |  |  | 469 |  |  |  | 792 |  |  |  | 995 |

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

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration