v3.26.1
REVENUE
 9 Months Ended 12 Months Ended
Dec. 31, 2025
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]    
REVENUE
4.REVENUE

 

The Company recognized revenues from contracts with customers in accordance with the following timing under ASC 606 Revenue from Contracts with Customers.

 

   2025   2024   2025   2024 
  

Three months ended

December 31,

  

Nine months ended

December 31,

 
   2025   2024   2025   2024 
Recognized at a point in time (1)  $385,250   $-   $685,250   $155,000 
Recognized over the duration of contracts (2)   32,682    -    133,382    - 
Total  $417,932   $-   $818,632   $155,000 

 

(1)Includes revenues from completed Proof of Concept contracts (“POCs”) and software implementation services.
(2)Includes revenue from Software as a Service (“SaaS”).

 

On August 14, 2024, the Company announced the existing SaaS contract with its customer was terminated by both parties. As a result, the Company has recorded a provision for the contract settlement for $1,252,076 on June 30, 2024.

4. REVENUE

 

The Company recognized revenues from contracts with customers in accordance with the following timing under ASC 606 Revenue from Contracts with Customers.

 

   2025   2024 
   Year ended 
   March 31, 
   2025   2024 
Recognized at a point in time (1)  $155,000   $218,600 
Recognized over the duration of contracts (2)   -    1,748,131 
Total  $155,000   $1,966,731 

 

(1)Includes revenues from completed Proof of Concept contracts (“POCs”) and software implementation services.

 

(2)Includes revenue from Software as a Service (“SaaS”).

 

On August 14, 2024, the Company announced the existing SaaS contract with its customer was terminated by both parties. As a result, the Company has not recognized any revenues related to SaaS services in the current year, and has recorded a provision for the contract settlement for $1,252,076 (Note 5).