v3.25.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Mar. 31, 2025
Current assets    
Cash and cash equivalents $ 867,767 $ 833,577
Accounts receivable 34,915 21,127
Finance lease receivables, current 136,579 166,339
Prepayments, other receivables and other current assets, net 1,071,674 1,015,084
Total current assets 2,291,298 2,238,762
Property and equipment, net 1,455,691 1,652,921
Other assets    
Financing lease right-of-use assets, net 117,867
Intangible assets, net 356,250 375,000
Finance lease receivables, non-current 14,124 23,193
Total other assets 1,558,638 1,909,109
Total assets 5,305,627 5,800,792
Current liabilities    
Accounts payable 163,354 163,231
Advances from customers 114,541 124,623
Income tax payable 20,177 19,918
Accrued expenses and other liabilities 3,616,419 3,757,393
Financing lease liabilities 360,268
Derivative liabilities 4,213 84,591
Current liabilities - discontinued operations 517,036 518,352
Total current liabilities 4,783,613 5,218,172
Other liabilities    
Total other liabilities 30,596
Total liabilities 4,814,209 5,218,172
Commitments and contingencies (note 16)
Mezzanine Equity    
Series A convertible preferred stock (par value $1,000 per share, 5,000 shares authorized; 262 and 991 shares issued and outstanding at June 30, 2025 and March 31, 2025, respectively) 42,943 234,364
Stockholders’ equity (deficit)    
Common stock (par value $0.0001 per share, 50,000,000 shares authorized; 1,108,312 and 1,051,804 shares issued and outstanding at June 30, 2025 and March 31, 2025, respectively) * 111 105
Additional paid-in capital 44,371,680 43,951,069
Accumulated deficit (45,273,970) (45,109,573)
Accumulated other comprehensive loss (1,740,686) (1,697,164)
Total Senmiao Technology Limited stockholders’ deficit (2,642,865) (2,855,563)
Non-controlling interests 3,091,340 3,203,819
Total equity 448,475 348,256
Total liabilities, mezzanine equity and equity 5,305,627 5,800,792
Related Party    
Current assets    
Accounts receivable, a related party 8,027 7,924
Prepayment - a related party 22,662
Due from related parties, net, current 172,336 172,049
Other assets    
Operating lease right-of-use assets, net, a related party 76,538 6,910
Due from a related party, net, non-current 1,111,726 1,386,139
Current liabilities    
Due to related parties 281,105 179,431
Operating lease liabilities, current - a related party 66,768 10,365
Other liabilities    
Operating lease liabilities, non-current - a related party $ 30,596