v3.25.2
Discontinued Operations
3 Months Ended
Jun. 30, 2025
Discontinued Operations [Abstract]  
DISCONTINUED OPERATIONS

4. DISCONTINUED OPERATIONS

 

Discontinued operations - P2P lending services business

 

Since October 2019, the Company has discontinued its online P2P lending services business. Carrying amounts of major classes of liabilities was included as part of discontinued operations of Online P2P lending services, whose change was due to the effect of exchange rate changes as of June 30, 2025 and March 31, 2025:

 

   June 30,   March 31, 
   2025   2025 
   (Unaudited)     
Current liabilities        
Accrued expenses and other liabilities  $467,672   $461,672 

 

Discontinued operations – Online ride-hailing platform service

 

Since August 2024, the Company has discontinued its online ride-hailing platform service business. Carrying amounts of major classes of liabilities was included as part of discontinued operations of online ride-hailing platform service as of June 30, 2025 and March 31, 2025:

 

  

June 30,

2025

  

March 31,

2025

 
   (Unaudited)     
Current liabilities        
Accrued expenses and other liabilities  $49,364   $56,680 

The following table sets forth the reconciliation of the amounts of major classes of income and losses from discontinued operations of online ride-hailing platform service in the unaudited condensed consolidated statements of operations and comprehensive loss for the three months ended June 30, 2025 and 2024.

 

   For the Three Months Ended 
   June 30, 
   2025   2024 
   (Unaudited)   (Unaudited) 
Revenues  $
   —
   $243,391 
Cost of revenues   
    (175,826)
Gross profit   
    67,565 
Operating expenses          
Selling, general and administrative expenses   
    (86,770)
Total operating expenses   
    (86,770)
Loss from operations   
    (19,205)
Other expenses, net   
    (3,803)
Interest expense   
    (5,860)
Loss before income tax expense   
    (28,868)
Income tax benefit   
    1,935 
Net loss from discontinued operations  $
   $(26,933)

 

Reconciliation of the amount of cash flows from discontinued operations in the unaudited condensed consolidated statements of cash flows for the three months ended June 30, 2025 and 2024 are as follows:

 

  

For the Three Months Ended

June 30,

 
   2025   2024 
   (Unaudited)   (Unaudited) 
Net cash used in operating activities from discontinued operations  $
    —
   $(49,652)
           
Net cash used in investing activities from discontinued operations  $
   $
 
           
Net cash used in financing activities from discontinued operations  $
   $(33,167)