Income Taxes - Schedule of Deferred Income Tax Assets and Liabilities (Details) - USD ($) |
Mar. 31, 2024 |
Mar. 31, 2023 |
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Deferred tax assets: | ||
Net operating loss carryforwards | $ 44,873,459 | $ 35,315,394 |
Lease liability | 149,905 | 431,669 |
Total deferred tax assets | 45,023,364 | 35,747,063 |
Less: Valuation allowance | (43,709,941) | (34,877,803) |
Deferred tax assets, net of valuation allowance | 1,313,423 | 869,260 |
Deferred tax liabilities: | ||
Right of use assets | (322,652) | (440,418) |
Depreciation on property plant and equipment and intangible assets | (361,674) | (342,678) |
Borrowings | (629,097) | |
Others | (86,164) | |
Total deferred tax liabilities | (1,313,423) | (869,260) |
Net deferred tax assets |
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- References No definition available.
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- References No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from leasing arrangements. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Represent the amount of depreciation on property plant and equipment and intangible assets. No definition available.
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- Definition Deferred tax liabilities borrowings. No definition available.
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