v3.25.2
Leases (Tables)
12 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Lease Cost

Operating and finance lease expenses consist of the following:

 

      For the Years Ended March 31, 
   Classification  2025   2024   2023 
                
Operating lease cost                  
Lease expenses  General and administrative   879,255    866,481    675,655 
Finance lease cost                  
Amortization of leased asset  General and administrative   113,207    43,900    26,556 
Interest on lease liabilities  Interest expenses on finance leases   11,663    4,234    3,389 
Total lease expenses     $1,004,125   $914,615   $705,600 

 

Weighted-average remaining term and discount rate related to leases were as follows:

 

   As of   As of   As of 
   March 31,
2025
   March 31,
2024
   March 31,
2023
 
             
Weighted-average remaining term               
Operating lease   1.1 years    1.6 years    1.9 years 
Finance leases   3.5 years    4.4 years    4.0 years 
Weighted-average discount rate               
Operating lease   4.7%   4.9%   3.3%
Finance leases   4.6%   4.5%   4.5%
Schedule of Minimum Lease Payments

The following table sets forth the Company’s minimum lease payments in future periods:

 

   Operating 
lease
   Finance 
lease
     
   payments   payments   Total 
Twelve months ending March 31, 2026  $401,187   $93,865   $495,052 
Twelve months ending March 31, 2027   111,999    67,675    179,674 
Twelve months ending March 31, 2028   
-
    61,764    61,764 
Twelve months ending March 31, 2029   
-
    45,806    45,806 
Twelve months ending March 31, 2030   
-
    
-
    
-
 
Total lease payments   513,186    269,110    782,296 
Less: discount   (26,067)   (19,976)   (46,043)
Present value of lease liabilities  $487,119   $249,134   $736,253 
Present value of lease liabilities, current  $376,751   $84,528   $461,279 
Present value of lease liabilities, non-current  $110,368   $164,606   $274,974