| Schedule of Inventories, Net |
Inventories, net consisted of the following:
| | |
June 30,
2025 | | |
March 31,
2025 | |
| Batteries | |
$ | 1,803,102 | | |
$ | 2,084,890 | |
| Electric Vehicles | |
| 3,059,766 | | |
| 3,070,224 | |
| Tires | |
| 457,548 | | |
| 482,364 | |
| Accessories | |
| 1,812,829 | | |
| 1,867,365 | |
| Inventories | |
| 7,133,245 | | |
| 7,504,843 | |
| Inventory reserves | |
| (1,189,455 | ) | |
| (1,107,569 | ) |
| Inventories, net | |
$ | 5,943,790 | | |
$ | 6,397,274 | |
|
| Schedule of Movements of Inventory Reserves |
Movements of inventory reserves are as follows:
| | |
For the Three Months Ended
June 30, | |
| | |
2025 | | |
2024 | |
| Beginning balance | |
$ | 1,107,569 | | |
$ | 514,021 | |
| Addition | |
| 229,780 | | |
| 176,072 | |
| Write off | |
| (147,894 | ) | |
| (131,930 | ) |
| Ending Balance | |
$ | 1,189,455 | | |
$ | 558,163 | |
|