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PROPERTY AND EQUIPMENT
12 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

13. PROPERTY AND EQUIPMENT

 

During the year-ended March 31, 2022, the Company purchased leasehold improvements of $12,928 (useful life: 5 years) as well as furniture & fixtures of $16,839 (useful life: 5 years). There were no purchases of property and equipment during the fiscal years ended March 31, 2024 , and March 31, 2023. The Company recognized depreciation expense for these assets in the amount of $5,953 during the years ended March 31, 2024 and 2023.

 

Cost  Office equipment   Leasehold improvement   Total 
   $   $   $ 
Balance at March 31, 2022   16,839    12,928    29,767 
Additions            
Balance at March 31, 2023   16,839    12,928    29,767 
Additions            
Balance at March 31, 2024   16,839    12,928    29,767 

 

Accumulated depreciation  Office equipment   Leasehold improvement   Total 
   $   $   $ 
Balance at March 31, 2022   1,308    1,000    2,308 
Additions   3,367    2,586    5,953 
Balance at March 31, 2023   4,675    3,587    8,262 
Additions   3,367    2,586    5,953 
Balance at March 31, 2024   8,042    6,173    14,215 
                
Net book value               
Balance at March 31, 2023   12,164    9,432    21,506 
Balance at March 31, 2024   8,797    6,755    15,552