v3.25.2
Inventories, Net
 3 Months Ended
Jun. 30, 2025
Inventories, Net [Abstract]  
INVENTORIES, NET

3 — 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 

 

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 

 

As of June 30, 2025 and March 31, 2025, the inventory allowance balance was $1,189,455 and $1,107,569 respectively. For the three months ended June 30, 2025 and 2024, the impairment loss was $229,780 and $176,072, respectively.