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