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

Property, plant & equipment, net

v3.25.2
Property, plant & equipment, net
12 Months Ended
Mar. 31, 2025
Property, plant and equipment [abstract]  
Property, plant & equipment, net

Note 10 — Property, plant & equipment, net

 

 

Lab Equipment

 

 

Computer Equipment

 

 

Capitalized Software

 

 

Furniture & Fixtures

 

 

Total

 

Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2023

 

$

 

 

$

4,828

 

 

$

 

 

$

6,276

 

 

$

11,104

 

Additions

 

 

890,867

 

 

 

11,859

 

 

 

49,771

 

 

 

 

 

 

952,497

 

Disposals

 

 

 

 

 

(4,828

)

 

 

 

 

 

(6,276

)

 

 

(11,104

)

Effects of currency translation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2024

 

$

890,867

 

 

$

11,859

 

 

$

49,771

 

 

$

 

 

$

952,497

 

Additions

 

 

594,401

 

 

 

9,489

 

 

 

 

 

 

 

 

 

603,890

 

Disposals

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effects of currency translation

 

 

(11,607

)

 

 

(148

)

 

 

(206

)

 

 

 

 

 

(11,961

)

Balance as of March 31, 2025

 

$

1,473,661

 

 

$

21,200

 

 

$

49,565

 

 

$

 

 

$

1,544,426

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2023

 

$

 

 

$

4,828

 

 

$

 

 

$

6,276

 

 

$

11,104

 

Depreciation

 

 

52,671

 

 

 

2,199

 

 

 

 

 

 

 

 

 

54,870

 

Disposals

 

 

 

 

 

(4,828

)

 

 

 

 

 

(6,276

)

 

 

(11,104

)

Effects of currency translation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2024

 

$

52,671

 

 

$

2,199

 

 

$

 

 

$

 

 

$

54,870

 

Depreciation

 

 

251,533

 

 

 

5,155

 

 

 

9,913

 

 

 

 

 

 

266,601

 

Disposals

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effects of currency translation

 

 

(3,570

)

 

 

(71

)

 

 

 

 

 

 

 

 

(3,641

)

Balance as of March 31, 2025

 

$

300,634

 

 

$

7,283

 

 

$

9,913

 

 

$

 

 

$

317,830

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net book value at March 31, 2024

 

 

838,196

 

 

 

9,660

 

 

 

49,771

 

 

 

 

 

 

897,627

 

Net book value at March 31, 2025

 

 

1,173,027

 

 

 

13,917

 

 

 

39,652

 

 

 

 

 

 

1,226,596

 

Depreciation expense for the years ended March 31, 2025, 2024 and 2023 was $266,601, $54,870, and $0, respectively.