Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Loss per share

v3.25.2
Loss per share
12 Months Ended
Mar. 31, 2025
Earnings per share [abstract]  
Loss per share

Note 6 — Loss per share

 

 

As of March 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Net loss

 

$

(6,061,247

)

 

$

(6,733,537

)

 

$

(5,457,494

)

Basic and diluted loss per share

 

$

(1.62

)

 

$

(3.36

)

 

$

(5.13

)

 

Basic loss per share is calculated by dividing the loss for the year by the weighted average number of ordinary shares in issue during the financial year. This calculation takes into effect the Share Consolidation as discussed in Note 16.

Diluted loss per share

Diluted loss per share is calculated by adjusting the weighted average number of ordinary shares in issue during the year to assume conversion of all dilutive potential ordinary shares. The Company had no dilutive shares for the years ended March 31, 2025, 2024 and 2023. This calculation takes into effect the Share Consolidation as discussed in Note 16. The Company's basic and dilutive loss per share as of March 31, 2025, 2024, and 2023 are as follows:

 

 

As of March 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Weighted average number of ordinary shares used in basic and diluted loss per share
   (Ordinary shares)

 

 

3,730,347

 

 

 

2,006,414

 

 

 

1,062,984

 

Weighted average number of ordinary shares and potential ordinary shares used
   as the denominator in calculating diluted loss per share
(1)

 

 

3,730,347

 

 

 

2,006,414

 

 

 

1,062,984

 

 

(1)
For the years ended March 31, 2025, 2024 and 2023, potential ordinary shares are anti-dilutive, as their inclusion in the diluted loss per share calculation would reduce the loss per share, and hence have been excluded.