v3.25.2
Schedule of discontinued operations (Details) - USD ($)
12 Months Ended
Mar. 17, 2025
Mar. 31, 2025
Mar. 17, 2025
Mar. 31, 2024
Mar. 31, 2023
Current assets:          
Accounts receivable, net     $ 7,343  
Total current assets     17,980,969  
Non-current assets:          
Long-term investment   16,630,239      
Total non-current assets     15,553,270  
Current liabilities:          
Total current liabilities:     1,221,120  
Non-current liabilities:          
Total non-current liabilities     13,250,516  
Net profit (loss) $ (4,602,415) (4,602,415) $ (4,602,415) 462,886 $ (18,310,962)
Net cash provided by (used in) operating activities   (3,182,287)   (1,500,154) 148,162
Net cash provided by (used in) investing activities     4,788 (529,511)
Net cash provided by (used in) financing activities    
Effects of exchange rate changes on cash   1,649,736   (559,936) (1,127,433)
Net increase/(decrease) in cash and cash equivalents – Discontinued operations   (1,532,551)   (2,055,302) (1,508,782)
Net loss from Wuxi Wangdao at single entity level (1,451,327) (1,451,327)   462,886 (18,310,962)
Consideration received - RMB 10,700,000 loan repayment agreement 1,492,579        
Fair value of 3% equity share of Fujian Fishery 13,159,074        
Less: Carrying value of Wuxi Wangdao’s retained earnings 17,802,741        
Loss due to VIE termination (3,151,088) (3,151,088)  
Net loss from discontinued operations (4,602,415) $ (4,602,415) (4,602,415) 462,886 (18,310,962)
Discontinued Operations [Member]          
Current assets:          
Cash and cash equivalents 15,554,868   15,554,868 17,087,419  
Accounts receivable, net 15,170   15,170 7,343  
Prepayments and other current assets 5,286   5,286 2,819  
Deferred expenses 204,322   204,322 878,654  
Amounts due from related parties   939,450  
Total current assets 15,779,646   15,779,646 18,915,685  
Non-current assets:          
Long-term investment 16,630,239   16,630,239 15,552,775  
Property and equipment, net 489   489 495  
Total non-current assets 16,630,728   16,630,728 15,553,270  
TOTAL ASSETS 32,410,374   32,410,374 34,468,955  
Current liabilities:          
Taxes payable 1,492   1,492 1,082  
Employee benefits payable 26,096   26,096 45,984  
Deferred revenue-current   111,630  
Other payables 243,692   243,692 162,090  
Interest payable 1,734,270   1,734,270 992,701  
Total current liabilities: 2,005,550   2,005,550 1,313,487  
Non-current liabilities:          
Long-term loans 13,096,934   13,096,934 13,250,516  
Total non-current liabilities 13,096,934   13,096,934 13,250,516  
TOTAL LIABILITIES $ 15,102,484   15,102,484 14,564,003  
Revenue     130,615 1,999,056 10,250,708
Net profit (loss)     (1,451,327) 462,886 (18,310,962)
Net cash provided by (used in) operating activities     (3,182,287) (1,500,154) 148,162
Net cash provided by (used in) investing activities     4,788 (529,511)
Net cash provided by (used in) financing activities    
Effects of exchange rate changes on cash     1,649,736 (559,935) (1,127,433)
Net increase/(decrease) in cash and cash equivalents – Discontinued operations     (1,532,551) (2,055,301) (1,508,782)
Net loss from discontinued operations     $ (1,451,327) $ 462,886 $ (18,310,962)