v3.25.2
Land Use Rights, Net
 3 Months Ended
Jun. 30, 2025
Land Use Right Net Abstract  
LAND USE RIGHTS, NET

9. LAND USE RIGHTS, NET

 

Land use rights, net consisted of the following:

  

As of
June 30,
2025

   As of
March 31,
2025		 
   US$   US$ 
Land use rights   4,476,055    4,420,268 
Less: accumulated amortization   (449,447)   (421,701)
    4,026,608    3,998,567 

Amortization expenses for the land use rights were US$22,113 and US$21,460 for the three months ended June 30, 2025 and 2024, respectively. No impairment charge was recorded for the three months ended June 30, 2025 and 2024, respectively. The land use right has a term of 50 years and will terminate in 2070. The land use right acquired through the acquisition of Pucheng Green Health Food will terminate in 2055.

 

   For the fiscal years ending March 31, 
   2026*   2027   2028   2029   2030   2031 and
thereafter		 
   US$   US$   US$   US$   US$   US$ 
Amortization expenses   66,339    88,452    88,452    88,452    88,452    3,606,462 

 

* For the nine months ending March 31, 2026

 

As of June 30, 2025, the land use right with a carrying value of US$1,785,350 had been pledged as security for bank loans obtained by a related party, Xinhongbo.