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FOREIGN CURRENCY TRANSLATION (Tables)
6 Months Ended
Sep. 30, 2024
Foreign Currency [Abstract]  
SCHEDULE OF FOREIGN CURRENCY TRANSLATION

We used the exchange rates in the following table to translate amounts denominated in non-USD currencies as of and for the periods noted:

 

Period end exchange rate:

 

   September 30,
2024
   March 31,
2024
 
GBP:USD   1.33958    1.26254 
HKD:USD   0.12870    0.12778 
CHF:USD   1.18366    1.10871 
           

 

Average exchange rate:

 

   September 30,
2024
   September 30,
2023
 
   Three Months Ended 
   September 30,
2024
   September 30,
2023
 
GBP:USD   1.30047    1.26569 
HKD:USD   0.12822    0.12780 
CHF:USD   1.15520    1.13147 

 

   September 30,
2024
   September 30,
2023
 
   Six Months Ended 
   September 30,
2024
   September 30,
2023
 
GBP:USD   1.28116    1.25886 
HKD:USD   0.12807    0.12768 
CHF:USD   1.13043    1.12191 
SCHEDULE OF CASH BALANCES BY CURRENCY DENOMINATION

The following table, reported in USD, disaggregates our cash balances by currency denomination:

 

Cash denominated in:

 

   September 30,
2024
   March 31,
2024
 
   $’000   $’000 
USD  $2,204   $7,187 
GBP   189    598 
HKD   70    27 
CHF   14    14 
EUR   73    84 
Cash  $2,550   $7,910 
SCHEDULE OF FUNDS HELD IN BANK ACCOUNTS AND THIRD PARTY PAYMENT PLATFORMS

Our cash primarily consists of funds held in bank accounts and third party payment platforms.

 

           
Cash held by Chase  $204   $6,180 
Cash held by HSBC   490    1,637 
Restricted cash held by HSBC   1,825    - 
Cash held by other banks   20    45 
Cash held by third party payment platforms   10    46 
Petty cash   1    2 
Total cash  $2,550   $7,910