SUMMARY OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Jun. 30, 2025

SCHEDULE OF REMAINING PERFORMANCE OBLIGATION

	2025		2024
Remaining Performance Obligations	Three Months Ended
	June 30,
	2025		2024
Product	$	703,409	$	1,245,262
Service		1,663,980		2,969,689
Total		2,367,389		4,214,951

Short Term – RPO – within 12 months		1,218,179		1,329,224
Long Term – RPO – from 13 to 36 months		165,548		2,015,529
Long Term RPO (37 month to 60 months)		983,662		870,198
Total	$	2,367,389	$	4,214,951

SCHEDULE OF DEFERRED RECOGNIZED REVENUE

Amount to be recognized as revenue over next 12 months

SCHEDULE OF DEFERRED RECOGNIZED REVENUE

	June 30,		March 31,
	2025		2025
Deferred Revenue	$	1,218,179	$	1,358,632
Total	$	1,218,179	$	1,358,632

Deferred Revenue

	June 30,		March 31,
	2025		2024
Product	$	-	$	-
Service		1,218,179		1,358,632
Total	$	1,218,179	$	1,358,632

	June 30,		March 31,
	2025		2024
Current	$	1,218,179	$	1,358,632
Non-Current		-		-
Total	$	1,218,179	$	1,358,632

SCHEDULE OF CONTRACT BALANCES

Contract balances

SCHEDULE OF CONTRACT BALANCES

	June 30,
	2025
Allowance for bad debts at the beginning of the period	$	(1,018,756	)
(Provisions) / reversal		(30,706	)
Recoveries		-
Allowance for bad debts at the end of the period	$	(1,049,462	)

SCHEDULE OF DISAGGREGATED REVENUE

We disaggregate our revenue into products, services and consulting revenue that depict the nature, amount, and timing of revenue and cash flows for our various offerings.

SCHEDULE OF DISAGGREGATED REVENUE

	2025		2024
	Three Months Ended
	June 30,
	2025		2024
Product revenue	$	2,392,303	$	2,105,347
Service revenue		953,287		868,231
Consulting revenue		590,333		776,742
Total	$	3,935,923	$	3,750,319

SCHEDULE OF ESTIMATED USEFUL LIVES

Furniture and fixtures		5 to 10 years
Office equipment and computers		3 to 5 years
Vehicles		5 years

SCHEDULE OF REVENUE FROM GEOGRAPHIC CONCENTRATIONS

The Company has no significant geographic concentrations in either trade accounts receivable or revenue.

Revenue by Geography	2025		2024
	Three Months Ended
	June 30,
Revenue by Geography	2025		2024
US	$	3,779,625	$	3,521,923
Rest of the World		156,298		228,396
Revenue by geography	$	3,935,923	$	3,750,319

SCHEDULE OF CONCENTRATION RISK

Partner	2025			2024
	Three Months Ended
	June 30,
Partner	2025			2024
Partner A (%)		38.00	%		43.93	%
Partner B (%)		3.81	%		8.14	%
Partner C (%)		1.71	%		2.03	%
Total		43.51	%		54.11	%
Concentration risk percentage		43.51	%		54.11	%

Partner	2025		2024
	Three Months Ended
	June 30,
Partner	2025		2024
Partner A (Revenue)	$	1,495,461	$	1,647,626
Partner B (Revenue)		149,854		305,275
Partner C (Revenue)		67,200		76,310
Total	$	1,712,515	$	2,029,211
Revenue		1,712,515		2,029,211

Fatpipe Inc/UT 10-Q