| Schedule of Other (Income)/Expense, Net |
The components of other (income)/expense, net were as follows:
| |
|
Three months ended
December 31, |
|
|
Nine months ended
December 31, |
|
| (In USD) |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| Other (income) /expense, net - other than related parties |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest income |
|
$ |
(10,946 |
) |
|
$ |
(13,412 |
) |
|
$ |
(25,554 |
) |
|
$ |
(33,799 |
) |
| Change in fair value of SSCPN |
|
|
- |
|
|
|
(20,110,058 |
) |
|
|
- |
|
|
|
(3,448,846 |
) |
| Change in fair value of derivative financial instruments |
|
|
(5,471,519 |
) |
|
|
(6,571,082 |
) |
|
|
(5,471,519 |
) |
|
|
- |
|
| Gain on modification of finance leases |
|
|
(766 |
) |
|
|
- |
|
|
|
(766 |
) |
|
|
- |
|
| Change in fair value of convertible promissory note |
|
|
- |
|
|
|
(7,986,326 |
) |
|
|
- |
|
|
|
(6,990,870 |
) |
| Change in fair value of Atalaya Note |
|
|
- |
|
|
|
- |
|
|
|
(725,362 |
) |
|
|
- |
|
| Loss on litigation settlement |
|
|
4,338,865 |
|
|
|
- |
|
|
|
4,338,865 |
|
|
|
- |
|
| Loss/(Gain) on sale of property, plant & equipment |
|
|
115 |
|
|
|
1,713 |
|
|
|
(1,079 |
) |
|
|
85,806 |
|
| Loss/(Gain) on sale of assets held for sale |
|
|
(5,011 |
) |
|
|
9,940 |
|
|
|
(7,861 |
) |
|
|
11,325 |
|
| Loss on extinguishment of redeemable promissory note |
|
|
1,765,615 |
|
|
|
- |
|
|
|
1,765,615 |
|
|
|
- |
|
| Impairment on assets held for sale |
|
|
251,590 |
|
|
|
165,216 |
|
|
|
251,590 |
|
|
|
165,216 |
|
| Loss on foreign currency remeasurements |
|
|
21,290 |
|
|
|
5,188 |
|
|
|
23,071 |
|
|
|
18,886 |
|
| Loss on assets written off |
|
|
68,768 |
|
|
|
(364 |
) |
|
|
162,508 |
|
|
|
39,650 |
|
| Provision written back |
|
|
(114,679 |
) |
|
|
384 |
|
|
|
(137,235 |
) |
|
|
(113,443 |
) |
| Payable to customers written back |
|
|
(62,899 |
) |
|
|
(762 |
) |
|
|
(76,052 |
) |
|
|
(58,265 |
) |
| Other, net |
|
|
(22,597 |
) |
|
|
(3,451 |
) |
|
|
(125,518 |
) |
|
|
(53,395 |
) |
| Total |
|
$ |
757,826 |
|
|
$ |
(34,503,014 |
) |
|
$ |
(29,297 |
) |
|
$ |
(10,377,735 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other (income) - from related parties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest income |
|
$ |
- |
|
|
$ |
(5,548 |
) |
|
$ |
- |
|
|
$ |
(11,224 |
) |
| Total |
|
$ |
|
|
|
$ |
(5,548 |
) |
|
$ |
- |
|
|
$ |
(11,224 |
) |
|
Thecomponents of other income (expense), net were as follows:
| (In
USD) | |
| | |
| |
| | |
March
31,
2024 | | |
March
31,
2023 | |
| Other (income) /expense,
net - other than related parties | |
| | |
| |
| Interest
income | |
$ | (36,687 | ) | |
$ | (13,097 | ) |
| Change in fair value of Notes | |
| (6,990,870 | ) | |
| - | |
| Change in fair value of SSCPN | |
| (3,448,845 | ) | |
| - | |
| Gain on termination/ modification
of finance leases | |
| - | | |
| (130,719 | ) |
| Change in fair value of preferred
stock warrant liability | |
| - | | |
| (420,245 | ) |
| Loss on sale of assets | |
| 82,640 | | |
| 311,375 | |
| Loss/ (gain) on sale of assets
held for sale | |
| 207,706 | | |
| (1,644,650 | ) |
| Net losses on foreign currency
remeasurements | |
| 19,611 | | |
| 313,584 | |
| Loss on assets written off | |
| 92,462 | | |
| - | |
| Provision written back | |
| (113,324 | ) | |
| - | |
| Other,
net * | |
| (1,129,164 | ) | |
| (459,804 | ) |
| Total | |
| (11,316,471 | ) | |
| (2,043,556 | ) |
| * | includes amount of $951,241 from ASJC Global LLC – Series 24 (“ASJC”) and Cohen Sponsor LLC – A24 RS for the waiver of lock-up restrictions on shares held by them for the year ended March 31, 2024. |
| Other (income) - from related
parties | |
| | |
| |
| Interest
income | |
$ | (11,224 | ) | |
$ | (15,804 | ) |
| Total | |
| (11,224 | ) | |
| (15,804 | ) |
|