v3.25.2
Consolidated Statements of Opertaions and Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
REVENUE      
Total revenue $ 210,119,238 $ 195,681,315 $ 169,724,346
COSTS AND OPERATING EXPENSES      
Merchandise costs 186,201,939 172,306,308 140,293,419
Selling, general and administrative expenses 19,198,116 17,597,125 28,607,088
Total costs and operating expenses 205,400,055 189,903,433 168,900,507
INCOME FROM OPERATIONS 4,719,183 5,777,882 823,839
OTHER INCOME (EXPENSE)      
Financial expense
Interest expense, net (1,723,819) (1,611,141) (2,422,079)
Additional and delinquent tax due to consumption tax correction 3,905,908 (628,876) (6,622,486)
Gain from disposal of equity method investment 190,571
Gain from disposal of a subsidiary 341,139
Other income, net 364,294 760,435 13,145
Gain (loss) from foreign currency exchange (440,055) 3,065,971 718,990
Change in fair value of warrants liabilities (2,050,211) 109,173 139,615
Gain (loss) from equity method investments (20,049) (69,444) 14,554
Total other income (expenses), net 36,068 2,157,828 (8,158,261)
INCOME BEFORE INCOME TAX PROVISION (BENEFIT) 4,755,251 7,935,710 (7,334,422)
PROVISION (BENEFIT) FOR INCOME TAXES (1,883,237) 456,774 714,400
NET INCOME (LOSS) 6,638,488 7,478,936 (8,048,822)
OTHER COMPREHENSIVE INCOME (LOSS)      
Foreign currency translation gain (loss) 284,522 (3,923,683) (4,279,325)
TOTAL COMPREHENSIVE INCOME (LOSS) $ 6,923,010 $ 3,555,253 $ (12,328,147)
Earnings (loss) per ordinary share      
- basic (in Dollars per share) $ 0.16 $ 0.2 $ (0.22)
- diluted (in Dollars per share) $ 0.19 $ 0.2 $ (0.22)
Weighted average shares      
- basic (in Shares) 42,242,610 37,264,162 36,250,054
- diluted (in Shares) 44,878,189 37,264,162 36,250,054
Third Parties      
REVENUE      
Total revenue $ 202,278,304 $ 189,674,322 $ 168,876,360
Related Party      
REVENUE      
Total revenue $ 7,840,934 $ 6,006,993 $ 847,986