Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 76

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 76
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512      $            87,456  
  Accrued expenses and other liabilities - current                                  76,213                  214,746  
  Operating lease liabilities - current                                             78,734                        -  
  Total current liabilities                                                        192,459                  302,202  
  Non-current liabilities                                                                                            
  Convertible promissory notes payable                                                   -                5,000,000  
  Due to related parties – non-current                                                   -                   17,333  
  Accrued expenses and other liabilities – non-current                                   -                    5,095  
  Operating lease liabilities – non-current                                        156,551                        -  
  Total non-current liabilities                                                    156,551                5,022,428  
  TOTAL LIABILITIES                                         $                      349,010      $         5,324,630  

Cash
and cash equivalents

Cash
and cash equivalents consist of funds deposited with banks, which are highly liquid and are unrestricted as to withdrawal or use. The
total balance of cash were $2.6 million and $0.6 million as of March 31, 2025 and 2024, respectively.

Compared
with the balance as of March 31, 2024, the change in the balance of cash as of March 31, 2025 was primarily $7.0 million proceeds from
convertible promissory notes issued to a related party and a third party, net off by $4.0 million used in operating activities.

  54  

Prepaid
expenses and other current assets

As
of March 31, 2025 and 2024, the breakdown of prepaid expenses and other current assets was as the following:

                                                                  As of March 31,                                      
                                                                  2025                              2024               
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Prepaid insurance expenses (i)                                  $                    376,678      $         -        
  Deposit                                                                              73,350                 -        
  Other prepayments                                                                    52,500                 -        
  Amount due from Sponsor, Nova Pulsar Holdings Limited (ii)                           -                      644,763  
  Others                                                                               -                      4,317    
                                                                  $                    502,528      $         649,080  

  (i)       The prepaid insurance expenses represented prepaid insurance expense for our directors and executive officers.                                
  (ii)      In July 2022, Real Messenger