v3.26.1
Consolidated Statements of Cash Flows
12 Months Ended
Mar. 31, 2026
HKD ($)
Mar. 31, 2026
USD ($)
Mar. 31, 2025
HKD ($)
Cash flows from operating activities:      
Net loss $ (23,504,077) $ (2,997,969) $ (26,836,426)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation of property and equipment 174,966 22,317 75,851
Gain on disposal of property and equipment (32,496) (4,145) 0
Deferred income tax (9,144) (1,166) (9,078)
Bad debt expenses 128,675 16,413 449,763
Provision for (reversal of) impairment loss on trade receivables (258,924) (33,026) 178,751
Impairment loss on prepayment 0 0 10,593,902
Impairment loss on games development costs 4,312,000 550,000 0
Reversal of impairment loss on prepayment (3,083,924) (393,358) 0
Operating cash flows before movements in working capital (22,272,924) (2,840,934) (15,547,237)
Accounts receivable (1,522,613) (194,211) 2,695,930
Deposits, prepayments and other receivables (7,178,467) (915,620) (11,686,246)
Amounts due from (to) related parties (163,078) (20,801) (1,773,702)
Amounts due to directors 525,280 67,000 0
Amounts due to shareholders 1,724,800 220,000 0
Accounts payable 386,549 49,305 (492,186)
Accruals and other payables (255,866) (32,636) 563,472
Contract liabilities 29,125 3,715 0
Income tax payable (352,378) (44,947) (397,816)
Net cash used in operating activities (29,079,572) (3,709,129) (26,637,785)
Cash flows from investing activities:      
Payment for capitalized games development costs (1,568,000) (200,000) (8,190,000)
Acquisition of property and equipment (572,454) (73,017) 0
Proceeds from disposal of property and equipment 500,000 63,776 0
Net cash used in investing activities (1,640,454) (209,241) (8,190,000)
Cash flows from financing activities:      
Advance from a shareholder of the Company 1,961,800 250,230 1,409,400
Deferred IPO costs 0 0 (17,649,069)
Proceeds from initial public offering 0 0 71,462,841
Repayment of bank and other borrowings (916,164) (116,858) (869,127)
New bank and other borrowings raised 8,380,000 1,068,877
Net cash provided by financing activities 9,425,636 1,202,249 54,354,045
Translation difference 10,108 1,289 (16,276)
Net increase (decrease) in cash (21,294,390) (2,716,121) 19,526,260
Cash, beginning of year 23,878,899 3,045,778 4,368,915
Cash, end of year 2,594,617 330,946 23,878,899
Supplemental information      
Cash paid for interest, net 197,707 25,218 276,675
Cash paid for income tax $ 616,942 $ 78,692 $ 660,628