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PROPERTY AND EQUIPMENT
6 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

12. 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 six months ended September 30, 2024, and September 30, 2023. The Company recognized depreciation expense for these assets in the amount of $2,977 and $2,977, respectively, during the six months ended September 30, 2024 and 2023.

 

Cost 

Office

equipment

  

Leasehold

improvement

   Total 
   $   $   $ 
Balance at March 31, 2024   16,839    12,928    29,767 
Additions            
Disposals            
Balance at September 30, 2024   16,839    12,928    29,767 

 

Accumulated depreciation 

Office

equipment

  

Leasehold

improvement

   Total 
   $   $   $ 
Balance at March 31, 2024   8,042    6,173    14,215 
Depreciation for the period   1,683    1,293    2,977 
Disposals            
Balance at September 30, 2024   9,725    7,466    17,191
                
Net book value               
Balance at March 31, 2024   8,797    6,755    15,552 
Balance at September 30, 2024   7,114    5,462    12,576