v3.25.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (3,376,410) $ (4,899,006) $ (4,263,231)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation of property and equipment 15,835 15,707 11,019
Interest expense on convertible promissory notes 95,753 22,428
Amortization of right-of-use assets 7,554 58,258
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (498,211) 68,353 (1,086,101)
Accrued expenses and other liabilities (153,203) 37,353 277,619
Amount due to related parties (103,511)
Operating lease liabilities (708) (59,166)
Net cash used in operating activities (4,012,901) (4,755,165) (5,061,602)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Promissory notes borrowed to a related party (69,764)
Purchase of property and equipment (12,621) (31,722)
Net cash used in investing activities (69,764) (12,621) (31,722)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Cash from reverse merger 100,224
Borrowings from related parties 449,877 5,750,098 5,465,658
Advance from a director 593,263
Repayments of borrowings from related parties (1,065,846) (4,662,642) (1,276)
Proceeds from convertible promissory notes payable 7,000,000 4,000,000
Payment of offering costs (965,460) (200,000)
Net cash provided by financing activities 6,112,058 5,087,456 5,264,382
Effect of exchange rate changes on cash and cash equivalents (51,328) 1,340 600
Net increase in cash and cash equivalents 1,978,065 321,010 171,658
Cash and cash equivalents at beginning of year 597,160 276,150 104,492
Cash and cash equivalents at end of year 2,575,225 597,160 276,150
Supplementary cash flow information      
Cash paid for income taxes
Cash paid for interest 22,428
Cash received for interest 82,268 12,743 66
Supplemental disclosure of non-cash investing and financing activities      
Related party borrowing in exchange for convertible promissory notes 4,500,000 1,000,000
ROU assets obtained in exchange for new operating lease liabilities 235,994
Reclassification of other receivable to due from a related party 644,763
Waive of liabilities due to related parties $ 12,910,857