Company: LHI
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006939
Chunk: 109

Company: Living Homeopathy International Ltd.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 109
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50,192 in staff salaries as decrease in headcount from 18 to 17.

Depreciation

Our depreciation consists of depreciation charge on land and building owned by the Company and leasehold improvement on our retail store. Our depreciation remained relatively stable at approximately $86,000 for the years ended March 31, 2024 and 2023, respectively.

Lease expenses

Our lease expenses consist of rental expenses for our retail store and warehouse. Our lease expenses remained relatively stable at approximately $273,000 for the years ended March 31, 2024 and 2023, respectively.

Other general and administrative expenses

Our other general and administrative expenses primarily include legal and professional fee, repair and maintenance for our retail store, consumables, system fees, property related expenses, office expenses and other miscellaneous administrative expenses.

Our general and administrative expenses increased by $10,220 or 2.8% from $363,197 for the year ended March 31, 2023 to $373,417 for the year ended March 31, 2024. As a percentage of revenue, other general and administrative expenses accounted for 4.4% and 4.0% of revenue for the years ended March 31, 2024 and 2023, respectively. The increase in our other general and administrative expenses was primarily contributed by increase of $33,047 programming fee for upgrade and maintenance of accounting and sales system; and offset by decrease of $23,549 in repair and maintenance for our retail store and computer system.

Other income (expenses), net

Our other income (expenses) mainly included interest income, interest expense, government subsidies and other non-recurring and non-operating income or losses.

Other expense, net was $31,670 and other income,
net was $40,748 for the year ended March 31, 2024 and 2023, respectively. The change was mainly contributed by (i) $46,273 absence of
government subsidies under anti-epidemic fund. These subsidies are unconditional, non-recurring and discretional by the local government;
(ii) $21,201 increase in interest expense as a result of increase in prevailing interest rate during the fiscal year 2024.

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Provision for income taxes

Our provision for income taxes was $141,617 for the year ended March 31, 2024, which decreased by $63,568 or 31.0% from $205,185 for the