| RELATED PARTY TRANSACTIONS |
NOTE 19 — RELATED PARTY TRANSACTIONS Accounts receivable — related parties, net consisted of the following: | | | As of March 31, | | | | | 2026 | | | 2025 | | | Matter Design Limited 1 | | $ | — | | | $ | 188,563 | | | EPED Limited 2 | | | 1,161 | | | | — | | | AIMO (HK) Limited 4 | | | 1,628 | | | | — | | | Less: allowance for expected credit loss | | | (29 | ) | | | (2,030 | ) | | | | $ | 2,760 | | | $ | 186,533 | | Contract assets — related parties, net consisted of the following: | | | As of March 31, | | | | | 2026 | | | 2025 | | | EPED Limited 2 | | $ | 7,294 | | | $ | — | | | EPED Development Limited 3 | | | 6,683 | | | | — | | | Less: allowance for expected credit loss | | | (134 | ) | | | — | | | | | $ | 13,843 | | | $ | — | | Prepayment — a related party, net consisted of the following: | | | As of March 31, | | | | | 2026 | | | 2025 | | | AIMO (HK) Limited 4 | | $ | 12,755 | | | $ | — | | Accounts payable — a related party, net consisted of the following: | | | As of March 31, | | | | | 2026 | | | 2025 | | | AIMO (HK) Limited 4 | | $ | 19,133 | | | $ | — | | The amounts due to related parties are unsecured, interest free with no specific repayment terms. In addition to the transactions and balances detailed elsewhere in these financial statements, the Company had the following transactions with related parties: | | | For the years ended
March 31, | | | | | 2026 | | | 2025 | | | 2024 | | | Revenue from Matter Design Limited 1 | | $ | — | | | $ | 216,347 | | | $ | 301,208 | | | Revenue from EPED Limited 2 | | | 42,990 | | | | — | | | | — | | | Revenue from EPED Development Limited 3 | | | 6,714 | | | | — | | | | — | | | Revenue from AIMO (HK) Limited 4 | | | 3,002 | | | | — | | | | — | | | Cost of revenue paid to AIMO (HK) Limited 4 | | | 275,507 | | | | — | | | | — | | | Cost of revenue paid to Space Plus Limited 5 | | | 27,050 | | | | — | | | | — | | | Interest income from EPED Limited 2 | | | 11,547 | | | | 6,103 | | | | — | | | Interest income from AIMO (HK) Limited 4 | | | 3,286 | | | | — | | | | — | | | Interest income from Space Plus Limited 5 | | | 8,257 | | | | 6,210 | | | | — | | | Consultancy fee paid to EPED Limited 2 | | | 218,540 | | | | 135,730 | | | | — | | | Consultancy fee paid to Space Plus Limited 5 | | | 184,526 | | | | 100,089 | | | | — | | | Research and Development cost paid to AIMO (HK) Limited4 | | | 20,503 | | | | — | | | | — | | | Purchase of Property and equipment from AIMO (HK) Limited4 | | | 69,838 | | | | — | | | | — | | | Short-term loan to EPED Limited 2 | | | 576,643 | | | | 410,625 | | | | — | | | Short-term loan to Space Plus Limited 5 | | | 320,357 | | | | 410,625 | | | | — | | | Repayment of short-term loan from EPED Limited 2 | | | 576,643 | | | | 410,625 | | | | — | | | Repayment of short-term loan from Space Plus Limited 5 | | | 320,357 | | | | 410,625 | | | | — | | | Repayment of short-term loan from AIMO (HK) Limited 4 | | | 256,287 | | | | — | | | | — | | | 1 | Matter Design Limited is controlled by Mr. Hoi Lung CHAN, the beneficial owner, chief executive officer and director of the Company. | | 2 | EPED Limited is controlled by Mr. Hoi Lung CHAN. | | 3 | EPED Development Limited is controlled by Mr. Hoi Lung CHAN’s spouse. | | 4 | AIMO (HK) Limited is an entity which formed joint venture, Axonex Robotics Limited on October 30,2025 with Axonex Intelligence Limited, the Company’s subsidiary. | | 5 | Space Plus Limited is controlled by Mr. Cheong Shing KU, the beneficial owner and director of the Company. |
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