Commitments and Contingencies

12 Months Ended

Mar. 31, 2025

Commitments and Contingencies [Abstract]

7. Commitments and Contingencies

Other than two office leases both with a lease term of 3 years that the Company entered into in April 2023 (the “2023 Office Lease”) and in February 2025 (the “2025 Office Lease”) as described below, the Company did not have significant commitments, long-term obligations, or guarantees as of March 31, 2025.

Operating lease

The 2023 Office Lease has a remaining lease term of the operating lease of 1.1 years and discount rate used for the operating lease is 10.34%.

The 2025 Office Lease has a remaining lease term of the operating lease of 2.9 years and discount rate used for the operating lease is 7.7%.

During the years ended March 31, 2025 and 2024, the operating lease expense recognized was $127,946 and $121,980 respectively.

	2023 Office Lease			2025 Office Lease			Total
2026		88,744			38,128			126,872
2027		6,441			38,128			44,569
2028		—			31,773			31,773
Total future minimum lease payments	$	95,185		$	108,029		$	203,214
Less: imputed interest		(5,457	)		(11,249	)		(16,706	)
Total operating lease liability	$	89,728		$	96,780		$	186,508
Less: operating lease liability – current		83,342			31,783			115,125
Total operating lease liability – non current	$	6,386		$	64,997		$	71,383

Contingencies

The Company is subject to legal proceedings and regulatory actions in the ordinary course of business. The results of such proceedings cannot be predicted with certainty, but the Company does not anticipate that the final outcome arising out of any such matter will have a material adverse effect on our business, financial position, cash flows or results of operations taken as a whole. As of March 31, 2025, the Company is not a party to any material legal or administrative proceedings.

QDM International Inc. 10-K