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INTANGIBLE ASSETS, NET
6 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET

NOTE – 7 INTANGIBLE ASSETS, NET

 

As of September 30, 2022 and March 31, 2022, intangible assets consisted of the following:

             
   Useful life  September 30, 2022   March 31, 2022 
At cost:           
Website development cost  5 years  $21,200   $21,352 
Trademarks  10 years   2,552    2,552 
Less: accumulated amortization      (6,525)   (4,308)
Foreign translation adjustment      (49)   (127)
      $17,178   $19,469 

 

Amortization of intangible assets for the three months ended September 30, 2022 and 2021 were $1,121 and $1,067, respectively.

 

Amortization of intangible assets for the six months ended September 30, 2022 and 2021 were $2,243 and $2,136, respectively.

 

As of September 30, 2022, the estimated amortization expense for intangible assets for each of the succeeding five years and thereafter is as follows:

     
Year ending September 30:  Amount 
2023  $4,484 
2024   4,484 
2025   4,484 
2026   2,369 
2027   255 
Thereafter   1,102 
Total  $17,178