Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 80

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 80
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 with decrease
in operating expenses incurred.

  56  

Net
cash used in operating activities for the year ended March 31, 2024 was $4.8 million, primarily attributable to net loss of $4.9 million.

Net
cash used in operating activities for the year ended March 31, 2023 was $5.1 million, primarily attributable to net loss of $4.3 million,
adjusted for (i) an increase in other current assets of $1.1 million as a result of payments of $0.6 million to Nova SPAC and payments of
marketing service expenses of $0.5 million, and (ii) an increase in accrued expenses and other liabilities of $0.3 million with increase
in operating expenses incurred.

Investing
activities

For
the years ended March 31, 2025, 2024 and 2023, we had cash used in investing activities of $69,764, $12,621, and $31,722, respectively, for
promissory notes borrowed to a related party and purchase of property and equipment.

Financing
activities

For
the year ended March 31, 2025, the cash provided by financing activities was $6.0 million, which was primarily caused by the
proceeds from convertible promissory notes from TKO Investments Limited and Compass AI Venture Incorporation in aggregate of $7.0
million and offset by payment of offering costs of $1.0 million and repayments of borrowings of $1.1 million to the related
parties.

For
the year ended March 31, 2024, the cash provided by financing activities was $5.1 million, which was primarily caused by proceeds of
$4.0 million from convertible promissory notes and borrowings of $5.8 million from the related parties, partially offset by repayment
of borrowings of $4.7 million to the related parties.

For
the year ended March 31, 2023, the cash provided by financing activities was $5.3 million, which was primarily caused by borrowings of
$5.5 million from a related party, partially offset by payment of offering cost of $0.2 million.

Lease
Properties

The
Group recognized and measured lease liabilities in accordance with ASU 2016-02 “ Leases (Topic 842). The Group leases a commercial
property in Hong Kong mainly for use as office space with