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 $ (7,581,452) $ (4,722,146) $ (20,906,985)
Less: net loss from discontinued operations (4,602,415) 462,886 (18,310,962)
Net loss from continuing operations (2,979,037) (5,185,032) (2,596,023)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation of property and equipment 18,306 18,356 18,969
Amortization of intangible assets 70,112 65,880
Amortization of Operating Right of Use 97,803 166,872 138,272
(Gain)/loss on equity investment 11,073 1,085 14,899
Shares issued as consideration for employee compensation 436,800
Impairment loss related to intangible asset 175,802
Impairment loss related to long term investment 1,819,678 245,598
Impairment loss related to goodwill $ 4,171,039
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]   Impairment loss related to goodwill  
Impairment loss related to other receivable 60,998
Allowance for credit losses on accounts receivable 162,500
Changes in operating assets and liabilities – continuing operations:      
Accounts receivables 287,033 (248,924)
Prepayments and other current assets 63,838 (9,155) (825,757)
Long-term related party receivable (566,853)
Amounts due from a related party (93,686)
Amounts due to related parties 20,223 (1,652) 7,939
Accrued expenses 410,136 (707,425) 343,842
Taxes payable 27,916 (56,418) 162,580
Operating lease liabilities (97,803) (224,822) (86,624)
Deferred tax liabilities (28,241) (8,249)
Net cash used in operating activities – continuing operations (831,606) (1,159,946) (2,706,600)
Net cash (used in) provided by operating activities – discontinued operations (3,182,287) (1,500,154) 148,162
Net cash used in operating activities (4,013,893) (2,660,100) (2,558,438)
Cash flows from investing activities      
Cash (outflow)/inflow due to disposal of subsidiary 228,880
Net cash (used in) provided by investing activities – continuing operations 228,880
Net cash (used in) provided by investing activities – discontinued operations 4,788 (529,511)
Net cash (used in) provided by investing activities 4,788 (300,631)
Cash flows from financing activities      
Proceeds from convertible bond 1,000,000
Proceeds from bond issued 600,000
Net cash (used in) provided by financing activities – continuing operations 600,000 1,000,000
Net cash (used in) provided by financing activities – discontinued operations
Net cash provided by financing activities 600,000 1,000,000
Effects of foreign currency translation 2,353,738 (510,483) (976,270)
Effects of foreign currency translation – Continuing operations 704,002 49,453 151,163
Effects of foreign currency translation – Discontinued operations 1,649,736 (559,936) (1,127,433)
Net decrease in cash and cash equivalents (1,060,155) (3,165,795) (2,835,339)
Net increase/(decrease) in cash and cash equivalents – Continuing operations 472,396 (1,110,493) (1,326,557)
Net increase/(decrease) in cash and cash equivalents – Discontinued operations (1,532,551) (2,055,302) (1,508,782)
Cash and cash equivalents at beginning of year – continuing operations 745,572 1,856,065 3,182,623
Cash and cash equivalents at beginning of year – discontinued operations 17,087,419 19,142,721 20,651,502
Cash and cash equivalents at beginning of year 17,832,991 20,998,786 23,834,125
Cash and cash equivalents at end of year including discontinued operations 16,772,836 17,832,991 20,998,786
Less: Cash and cash equivalents at end of year – discontinued operations 15,554,868 17,087,419 19,142,721
Cash and cash equivalents at end of year – continuing operations 1,217,968 745,572 1,856,065
Supplemental disclosures of cash flow information:      
Cash paid for income taxes 23,723
Cash paid for interest expense 819,219
Non-cash transactions      
Mandatory conversion of convertible note $ 110