Annual report pursuant to Section 13 and 15(d)

FIXED ASSETS, NET

v3.21.1
FIXED ASSETS, NET
12 Months Ended
Mar. 31, 2021
FIXED ASSETS, NET  
NOTE 9 - FIXED ASSETS, NET

NOTE 9 - FIXED ASSETS, NET

 

Fixed assets, net of the Company includes the following:

 

 

 

March 31, 2021

 

 

March 31, 2020

 

 

 

 

 

 

 

 

Buildings

 

$ 8,014

 

 

$ -

 

Office equipment

 

 

3,504

 

 

 

2,184

 

Capital expenditures on leasehold improvements

 

 

2,718

 

 

 

1,968

 

Processing and storage data centers

 

 

2,307

 

 

 

960

 

Furniture

 

 

2,049

 

 

 

1,865

 

Land

 

 

1,533

 

 

 

778

 

Vehicles

 

 

831

 

 

 

378

 

Other

 

 

1,380

 

 

 

476

 

 

 

 

 

 

 

 

 

 

Less: Accumulated depreciation

 

 

(3,951 )

 

 

(2,225 )

 

 

 

 

 

 

 

 

 

Total fixed assets

 

$ 18,385

 

 

$ 6,384

 

 

Depreciation expense totaled $2,615 and $1,407 for the years ended March 31, 2021 and 2020, respectively.