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ECONOMIC DEPENDENCE
12 Months Ended
Mar. 31, 2024
Risks and Uncertainties [Abstract]  
ECONOMIC DEPENDENCE

NOTE 18 – ECONOMIC DEPENDENCE

 

The Company had certain customers whose revenue individually represented 10% or more of the Company’s total revenue, or whose accounts receivable balances individually represented 10% or more of the Company’s total accounts receivable, as follows:

 

For the year ended March 31, 2024, the Company had two significant customers in their rental segment and generated approximately 70% and 11% respectively of the Company’s total rental revenue. These two customers also represented approximately 50% and 0% of customer deposit as of March 31, 2024. For the year ended March 31, 2023, the Company had two significant customers in their rental segment and generated approximately 41% and 29% respectively of the Company’s total rental revenue. These two customers also represented approximately 31% and 24% of customer deposit as of March 31, 2023. On July 31, 2023, one major customer which generated 29% of the Company total rental income in year 2023 had early terminated its lease agreement. This customer still generated 11% of the total rental income during the year ended March 31, 2024.