2024 Q1 Form 20-F Financial Statement

#000149315224032909 Filed on August 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024 2023 Q1
Revenue $505.3K $1.999M $4.029M
YoY Change -87.46% -82.35% -64.02%
Cost Of Revenue $885.3K $1.830M $19.96M
YoY Change -95.57% -93.3% 111.98%
Gross Profit -$380.0K $169.4K -$15.94M
YoY Change -97.62% -101.06% -994.93%
Gross Profit Margin -75.19% 8.47% -395.51%
Selling, General & Admin $822.9K $2.186M $1.859M
YoY Change -55.74% -46.99% -35.71%
% of Gross Profit 1290.65%
Research & Development $0.00
YoY Change
% of Gross Profit 0.0%
Depreciation & Amortization $44.26K $21.01K $4.493M
YoY Change -99.01% -99.48% -24.58%
% of Gross Profit 12.41%
Operating Expenses $832.1K $2.186M $1.982M
YoY Change -58.02% -46.99% -32.24%
Operating Profit -$1.212M -$2.017M -$17.92M
YoY Change -93.24% -89.97% 1464.91%
Interest Expense $449.5K $794.4K -$566.8K
YoY Change -179.32% -3.04% 147.12%
% of Operating Profit
Other Income/Expense, Net $725.3K $739.3K $147.4K
YoY Change 391.96% 406.95% -20.14%
Pretax Income -$4.378M -$4.749M -$17.49M
YoY Change -74.97% -76.81% 1245.55%
Income Tax -$23.29K -$27.27K $431.0K
% Of Pretax Income
Net Earnings -$4.355M -$4.722M -$17.92M
YoY Change -75.7% -77.41% 1220.84%
Net Earnings / Revenue -861.81% -236.22% -444.84%
Basic Earnings Per Share -$0.31
Diluted Earnings Per Share -$0.28 -$0.31 -$1.20
COMMON SHARES
Basic Shares Outstanding 15.45M shares 15.44M shares 15.69M
Diluted Shares Outstanding 15.44M shares

Balance Sheet

Concept 2024 Q1 2024 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.83M $17.83M $22.90M
YoY Change -22.13% -22.13% -10.43%
Cash & Equivalents $17.83M $19.79M
Short-Term Investments $1.902M
Other Short-Term Assets $1.001M $1.001M $1.137M
YoY Change -11.97% -11.97% -32.0%
Inventory
Prepaid Expenses $1.001M $1.137M
Receivables $7.343K $7.340K $458.1K
Other Receivables $33.75K $33.75K $34.82K
Total Short-Term Assets $18.87M $18.87M $24.53M
YoY Change -23.06% -23.06% -10.88%
LONG-TERM ASSETS
Property, Plant & Equipment $54.43K $54.43K $81.32K
YoY Change -33.06% -78.58% -99.24%
Goodwill $4.307M
YoY Change -5.99%
Intangibles $0.00 $254.6K
YoY Change -100.0% -98.34%
Long-Term Investments $17.39M $17.39M $14.30M
YoY Change 21.66% 21.66% -4.41%
Other Assets
YoY Change
Total Long-Term Assets $17.45M $17.45M $19.11M
YoY Change -8.71% -8.71% -58.06%
TOTAL ASSETS
Total Short-Term Assets $18.87M $18.87M $24.53M
Total Long-Term Assets $17.45M $17.45M $19.11M
Total Assets $36.32M $36.32M $43.64M
YoY Change -16.77% -16.77% -40.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.89K
YoY Change -71.67%
Accrued Expenses $1.215M $1.212M $1.059M
YoY Change 14.75% -5.61% 22.88%
Deferred Revenue $1.357M
YoY Change -80.23%
Short-Term Debt $52.94K $52.94K $54.59K
YoY Change -3.02% -3.02% 17.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.574M $1.574M $3.004M
YoY Change -47.6% -47.6% -62.53%
LONG-TERM LIABILITIES
Long-Term Debt $13.25M $13.25M $13.68M
YoY Change -3.15% -3.15% -7.62%
Other Long-Term Liabilities $3.430K
YoY Change -7.55%
Total Long-Term Liabilities $13.25M $13.25M $13.68M
YoY Change -3.17% -3.17% -7.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.574M $1.574M $3.004M
Total Long-Term Liabilities $13.25M $13.25M $13.68M
Total Liabilities $14.82M $14.82M $16.69M
YoY Change -11.17% -11.17% -26.9%
SHAREHOLDERS EQUITY
Retained Earnings $3.390M $8.112M
YoY Change -58.21% -72.05%
Common Stock $3.090K $2.980K
YoY Change 3.69% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.50M $21.50M $26.95M
YoY Change
Total Liabilities & Shareholders Equity $36.32M $36.32M $43.64M
YoY Change -16.77% -16.77% -40.29%

Cashflow Statement

Concept 2024 Q1 2024 2023 Q1
OPERATING ACTIVITIES
Net Income -$4.355M -$4.722M -$17.92M
YoY Change -75.7% -77.41% 1220.84%
Depreciation, Depletion And Amortization $44.26K $21.01K $4.493M
YoY Change -99.01% -99.48% -24.58%
Cash From Operating Activities -$2.055M -$2.660M -$3.115M
YoY Change -34.03% 3.97% -201.68%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $4.790K $4.350K
YoY Change -100.0% -101.59% -100.03%
Cash From Investing Activities $0.00 $4.788K $4.350K
YoY Change -100.0% -101.59% -100.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.000M
YoY Change -93.25%
NET CHANGE
Cash From Operating Activities -2.055M -$2.660M -3.115M
Cash From Investing Activities 0.000 $4.788K 4.350K
Cash From Financing Activities 1.000M
Net Change In Cash -2.055M -$3.166M -2.110M
YoY Change -2.64% 11.65% 1140.37%
FREE CASH FLOW
Cash From Operating Activities -$2.055M -$2.660M -$3.115M
Capital Expenditures $0.00
Free Cash Flow -$2.660M -$3.115M
YoY Change 3.97% -168.25%

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CY2024 us-gaap Use Of Estimates
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<p id="xdx_844_eus-gaap--UseOfEstimates_zVX4f0SlJfmg" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>c)</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_866_zXSGLlWepB98">Use of estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In preparing the consolidated financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on information as of the date of the consolidated financial statements. Significant estimates required to be made by management include, but are not limited to, the valuation of accounts receivable, prepayments, and other receivables, useful lives of property and equipment and intangible assets, the recoverability of long-lived assets and provision necessary for contingent liabilities. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024 us-gaap Lessor Operating Lease Description
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short-term leases less than 12 months. During the fiscal years ended March 31, 2024 and 2023
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MarketingAndAdvertisingExpense
216423 usd
CY2024 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 usd
CY2024 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2024 EDTK Percentage Of Value Added Tax Rate
PercentageOfValueAddedTaxRate
0.06 pure
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_z4EuIItINDAl" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>ae)</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zq48LR4GLdOa">Concentration of risks</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.4pt; text-align: justify; text-indent: -1.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.4pt; text-align: justify; text-indent: -1.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exchange Rate Risks</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.4pt; text-align: justify; text-indent: -1.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s Chinese subsidiaries and VIE may be exposed to significant foreign currency risks from fluctuations and the degree of volatility of foreign exchange rates between the U.S. Dollar and the RMB. As of March 31, 2024 and 2023, the RMB denominated cash and cash equivalents amounted to $<span id="xdx_905_eus-gaap--Cash_iI_uRMB_c20240331_zRXF4iG4t2Ui" title="Cash">17,574,082</span> and $<span id="xdx_90A_eus-gaap--Cash_iI_uRMB_c20230331_zZJsw9JS9G21" title="Cash">19,791,079</span> , respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.4pt; text-align: justify; text-indent: -1.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Currency Convertibility Risks</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.4pt; text-align: justify; text-indent: -1.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Substantially all of the Group’s operating activities are transacted in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions requires submitting a payment application form together with other information such as suppliers’ invoices, shipping documents and signed contracts.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.4pt; text-align: justify; text-indent: -1.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Concentration of Credit Risks</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1.4pt; text-align: justify; text-indent: -1.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Group to concentration of credit risks consist primarily of cash and cash equivalents and accounts receivable, the balances of which stated on the consolidated balance sheets represented the Group’s maximum exposure. The Group places its cash and cash equivalents in good credit quality financial institutions in China.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These service fees are collected by Union Pay, a financial institution of high credit quality, in lump-sum for a specific contracted service period when the service contract is signed, and all the remaining amount would be settled within 2-3 days.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Cash
Cash
17574082
CY2023Q1 us-gaap Cash
Cash
19791079
CY2023Q1 us-gaap Goodwill
Goodwill
4306579 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4171039 usd
CY2024 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-135540 usd
CY2024Q1 us-gaap Cash
Cash
384 usd
CY2023Q1 us-gaap Cash
Cash
396 usd
CY2024Q1 us-gaap Due From Banks
DueFromBanks
17832396 usd
CY2023Q1 us-gaap Due From Banks
DueFromBanks
20998172 usd
CY2024Q1 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
211 usd
CY2023Q1 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
218 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17832991 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20998786 usd
CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
169843 usd
CY2023Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
458104 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
162500 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7343 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
458104 usd
CY2024Q1 EDTK Prepaid Service Fee Current
PrepaidServiceFeeCurrent
1000744 usd
CY2023Q1 EDTK Prepaid Service Fee Current
PrepaidServiceFeeCurrent
1136769 usd
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1000744 usd
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1136769 usd
CY2023Q1 EDTK Advance Payments To Affiliate
AdvancePaymentsToAffiliate
1902004 usd
CY2023Q1 EDTK Prepaid Investment
PrepaidInvestment
1902004 usd
CY2024 EDTK Schedule Of Other Receivables
ScheduleOfOtherReceivables
<p id="xdx_896_ecustom--ScheduleOfOtherReceivables_z9rNQo1t63i1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B7_znAo158h1hC6" style="display: none">Schedule of Other Receivables</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" id="xdx_497_20240331_zJAfklcqIRO4" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" id="xdx_49E_20230331_zBBYOXvFDg8f" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of March 31,</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_407_eus-gaap--OtherReceivablesGrossCurrent_iI_maORNCzBoA_z90Fo34XMhH" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 64%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Others</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">92,942</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">95,935</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_408_eus-gaap--AllowanceForDoubtfulOtherReceivablesCurrent_iNI_di_msORNCzBoA_zBj7pjExX219" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Impairment</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(59,197</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(61,120</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td></tr> <tr id="xdx_40F_eus-gaap--OtherReceivablesNetCurrent_iTI_mtORNCzBoA_zl6uRpqAPfC1" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">33,745</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">34,815</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table>
CY2024Q1 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
92942 usd
CY2023Q1 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
95935 usd
CY2024Q1 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
59197 usd
CY2023Q1 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
61120 usd
CY2024Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
33745 usd
CY2023Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
34815 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
14296824 usd
CY2024 EDTK Investments Made
InvestmentsMade
1842142 usd
CY2024 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1699870 usd
CY2024 EDTK Foreign Currency Translation Adjustments From Equity Method Investments
ForeignCurrencyTranslationAdjustmentsFromEquityMethodInvestments
445006 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
17393830 usd
CY2024 EDTK Description Of Director Percentage In Shareholding And There Influence
DescriptionOfDirectorPercentageInShareholdingAndThereInfluence
According to the shareholders minute, the diretors were elected by the shareholder meeting, and the Company has 35% voting right in the in the investee and has a significant influence over the operating and financial policies of Wuxi Talent
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
19516260 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20262360 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13882199 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14420101 usd
CY2024Q1 EDTK Impairment Of Property And Equipment Net
ImpairmentOfPropertyAndEquipmentNet
5579631 usd
CY2023Q1 EDTK Impairment Of Property And Equipment Net
ImpairmentOfPropertyAndEquipmentNet
5760944 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
54430 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
81315 usd
CY2024 EDTK Impairment To Property Plant And Equipment
ImpairmentToPropertyPlantAndEquipment
5579631 usd
CY2023 EDTK Impairment To Property Plant And Equipment
ImpairmentToPropertyPlantAndEquipment
5760944 usd
CY2024 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1546 usd
CY2023 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
0 usd
CY2024 us-gaap Depreciation
Depreciation
21013 usd
CY2023 us-gaap Depreciation
Depreciation
4033569 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
46800259 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
48321062 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
38810461 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
39999028 usd
CY2024Q1 EDTK Impairment Of Intangible Assets Amount Excluding Goodwill
ImpairmentOfIntangibleAssetsAmountExcludingGoodwill
7989798 usd
CY2023Q1 EDTK Impairment Of Intangible Assets Amount Excluding Goodwill
ImpairmentOfIntangibleAssetsAmountExcludingGoodwill
8067388 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
254646 usd
CY2024Q1 EDTK Impaired Or Pledged Intangible Assets
ImpairedOrPledgedIntangibleAssets
0 usd
CY2023Q1 EDTK Impaired Or Pledged Intangible Assets
ImpairedOrPledgedIntangibleAssets
0 usd
CY2024Q1 EDTK Impairment Of Intangible Asset Due To Vocational Education
ImpairmentOfIntangibleAssetDueToVocationalEducation
175802 usd
CY2023Q1 EDTK Impairment Of Intangible Asset Due To Vocational Education
ImpairmentOfIntangibleAssetDueToVocationalEducation
8051199 usd
CY2024 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
0 usd
CY2023 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
0 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
70112 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5833439 usd
CY2023Q1 EDTK Operating Lease Right Of Use Asset At Cost
OperatingLeaseRightOfUseAssetAtCost
311345 usd
CY2024Q1 EDTK Exchange Rate Translation In Right Of Use Assets At Cost
ExchangeRateTranslationInRightOfUseAssetsAtCost
-9798 usd
CY2024Q1 EDTK Operating Lease Right Of Use Asset At Cost
OperatingLeaseRightOfUseAssetAtCost
301547 usd
CY2023Q1 EDTK Accumulated Amortization
AccumulatedAmortization
-138549 usd
CY2024Q1 EDTK Increase Decrease In Accumulated Amortization
IncreaseDecreaseInAccumulatedAmortization
-167359 usd
CY2024Q1 EDTK Exchange Rate Translation In Accumulated Amortization
ExchangeRateTranslationInAccumulatedAmortization
4361 usd
CY2024Q1 EDTK Accumulated Amortization
AccumulatedAmortization
-301547 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
172796 usd
CY2024Q1 EDTK Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-167359 usd
CY2024Q1 EDTK Exchange Rate Translation In Operating Lease Right Of Use Asset
ExchangeRateTranslationInOperatingLeaseRightOfUseAsset
-5437 usd
CY2023Q1 EDTK Accounts Payable Supplier Of Virtual Simulation Software Current
AccountsPayableSupplierOfVirtualSimulationSoftwareCurrent
21894 usd
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
21894 usd
CY2024Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
83208 usd
CY2023Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
844331 usd
CY2024Q1 us-gaap Accrued Rent Current
AccruedRentCurrent
135197 usd
CY2023Q1 us-gaap Accrued Rent Current
AccruedRentCurrent
2265 usd
CY2024Q1 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
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CY2024 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
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141689 usd
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CY2024 EDTK Investment Relationship Fee
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41990 usd
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CY2024 us-gaap Depreciation Nonproduction
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CY2024 us-gaap Impairment Of Intangible Assets Finitelived
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13878 usd
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CY2024 EDTK Cancellation Of Bonus Liability
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725970 usd
CY2024 EDTK Government Grant
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CY2023 EDTK Government Grant
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272 usd
CY2022 EDTK Government Grant
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1157 usd
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-3513 usd
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CY2024 EDTK Assessable Profits
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CY2023 EDTK Assessable Profits
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CY2024Q1 EDTK Withholding Tax Rate
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CY2023 us-gaap Current Income Tax Expense Benefit
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CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.25 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2024 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2023 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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1314 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
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CY2023 EDTK Effective Income Tax Rate Reconciliation Deductible Prior Year Loss
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CY2022 EDTK Effective Income Tax Rate Reconciliation Deductible Prior Year Loss
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CY2024 EDTK Effective Income Tax Rate Reconciliation Unrecognized Tax Losses
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CY2022 EDTK Effective Income Tax Rate Reconciliation Unrecognized Tax Losses
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CY2023 EDTK Income Tax Reconciliation Accrued Tax Expenses
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CY2024 us-gaap Income Tax Reconciliation Tax Credits Investment
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CY2024 us-gaap Income Tax Expense Benefit
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CY2022Q1 us-gaap Deferred Tax Assets Gross
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CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q1 us-gaap Deferred Income Tax Liabilities
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CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
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CY2022Q1 us-gaap Deferred Tax Assets Liabilities Net
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CY2024Q1 us-gaap Accrued Income Taxes Current
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CY2020Q2 EDTK Common Stock Value Authorized
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12000000 shares
CY2020Q2 EDTK Common Stock Value Authorized
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CY2020Q2 us-gaap Common Stock Shares Authorized
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CY2023Q1 us-gaap Debt Instrument Face Amount
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CY2023Q1 us-gaap Debt Instrument Convertible Conversion Price1
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CY2023Q2 us-gaap Conversion Of Stock Amount Converted1
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CY2020Q3 EDTK Class Of Warrant Or Right Issued
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CY2020Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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150000 shares
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CY2024Q1 EDTK Future Minimum Non Cancelable Operating Lease Payments
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CY2023Q1 EDTK Capital Contribution
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278869 usd
CY2023Q1 EDTK Capital Contribution
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375000 sgd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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97426 usd

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