v3.25.2
Accrued Expenses and Other Liabilities
 3 Months Ended
Jun. 30, 2025
Accrued Expenses and Other Liabilities [Abstract]  
ACCRUED EXPENSES AND OTHER LIABILITIES

9. ACCRUED EXPENSES AND OTHER LIABILITIES

 

    June 30,     March 31,  
    2025     2025  
    (Unaudited)        
Accrued payroll and welfare   $ 1,422,771     $ 1,599,205  
Payables to drivers from aggregation platforms (i)     865,984       802,910  
Deposits (ii)     735,561       711,997  
Accrued expenses (iii)     471,489       520,876  
Other taxes payable     109,954       111,869  
Payables for expenditures on automobile transaction and related services     10,213       9,955  
Other payables     447       581  
Total accrued expenses and other liabilities   $ 3,616,419     $ 3,757,393  
(i) Payables to drivers from aggregation platforms

 

The balance of payables to drivers from aggregation platforms represented the amount the Company collected on behalf of drivers who completed their transaction through the Company’s online ride-hailing platform base on the confirmed billings.

 

(ii) Deposits

 

The balance of deposits represented the security deposit from operating and finance lease customers to cover lease payment and related automobile expense in case the customers’ accounts are in default. The balance is refundable at the end of the lease term, after deducting any missed lease payment and applicable fee.

 

(iii) Accrued expenses

 

The balance of accrued expenses represented the unbilled or payable balances to the expenses related to the daily operations of automobiles and services fees to professional institutions.