v3.26.1
Income Tax (Tables)
 12 Months Ended
Mar. 31, 2026
Income Tax [Abstract]  
Schedule of Provision for Income Taxes

The provision for income taxes consisted of the following:

 

    For the Fiscal Years Ended
March 31,		  
    2026     2025  
Domestic and foreign components of income (loss) before income taxes            
Domestic   $ (2,097,096 )   $ (1,075,059 )
Foreign     6,844,542       1,226,250  
Total   $ 4,747,446     $ 151,191  
    For the Fiscal Years Ended
March 31,		  
    2026     2025  
Provision (benefit) for income taxes            
Current tax:            
U.S. federal   $ (5,594 )   $ 395,067  
U.S. state and local     750       750  
Foreign     1,124,935       436,854  
Total Current Tax     1,120,091       832,671  
Deferred tax:                
U.S. federal     (47 )     158,449  
Total deferred tax     (47 )     158,449  
Total tax   $ 1,120,044     $ 991,120  
                 
Effective tax rates     23.6 %     655.5 %
Schedule of Reconciliation of Taxes at the Federal Statutory Rate to Provision for (Benefit from) Income Taxes

Upon adoption of ASU 2023-09, Improvements to Income Tax Disclosures, as described in Note 3 – Recent Accounting Pronouncements, the reconciliation of taxes at the federal statutory rate to our provision for (benefit from) income taxes for the fiscal year ended March 31, 2026 was as follows:

 

   For the Fiscal Year Ended March 31, 2026 
   Amount   Percent 
U.S. Federal Statutory Tax Rate  $996,963    21.0%
State and Local Income Taxes, Net of Federal Income Tax Effect   593    0.0%
Foreign Tax Effects          
Jordan          
Statutory tax rate difference   (67,075)   (1.4)%
Foreign tax attributes   (56,933)   (1.2)%
Valuation allowance   56,933    1.2%
Hong Kong (HK)          
Statutory tax rate difference   (241,315)   (5.1)%
Foreign tax attributes   10,444    0.2%
Valuation allowance   (10,444)   (0.2)%
People’s Republic of China (PRC)          
Statutory tax rate difference   (4,028)   (0.1)%
Foreign tax attributes   81,490    1.7%
Valuation allowance   (81,490)   (1.7)%
Other foreign rate differentials   
—
    0.0%
Effect of Cross-Border Tax Laws          
Global intangible low-taxed income (GILTI)   433,547    9.1%
Subpart F income   323,199    6.8%
Tax Credits          
GILTI-related credits   (259,669)   (5.5)%
Subpart F-related credits   (89,191)   (1.9)%
Other tax credits   
—
    0.0%
Changes in Valuation Allowances   
—
    0.0%
Nontaxable or Nondeductible Items   121,699    2.6%
Changes in Unrecognized Tax Benefits   
—
    0.0%
Other Adjustments   
—
    0.0%
Return to Provision (RTP)   (94,679)   (2.0)%
Effective Tax Rate  $1,120,044    23.6%

The reconciliation of taxes at the federal statutory rate to our provision for (benefit from) income taxes for the fiscal year ended March 31, 2025 in accordance with the guidance prior to the adoption of ASU 2023-09 was as follows:

 

   For the
Fiscal Year Ended
March 31,
2025		 
Tax at statutory rate  $31,750 
State tax, net of federal benefit   593 
Non-deductible expenses   (57,723)
Non-taxable income   
—
 
Global Intangible Low-Taxed Income, net   
—
 
Cross-border tax effect - Subpart F income   549,151 
Tax Credits   (52,724)
Foreign tax rate differential   179,343 
Foreign tax attributes   190,817 
Change in Valuation Allowance   (190,817)
Provision to return adjustments   165,440 
Uncertain Tax Provision: Amended tax returns   175,290 
Total  $991,120 
Schedule of Tax Payments Jurisdiction

Tax payments in terms of jurisdiction consisted of the following:

 

   For the Fiscal Years Ended
March 31,		 
   2026   2025 
Jurisdiction        
U.S. Federal  $562,711   $333,960 
U.S. State and Local   500    500 
Foreign - Jordan   685,510    1,011,997 
Foreign - Others   23,870    52,227 
Total  $1,272,591   $1,398,684 
Schedule of Unrecognized Tax Benefits

Unrecognized tax benefits are summarized as follows:

 

    Fiscal
2026		  
Unrecognized tax benefit as of March 31, 2025   $ 175,290  
Less: Tax positions of prior years (Subpart F income inclusion on amended federal tax returns)        
Fiscal Year(s) Affected: FY 2022     (80,048 )
Fiscal Year(s) Affected: FY 2023     (69,981 )
Payments during the year     (25,261 )
Unrecognized tax benefit as of March 31, 2026   $ 0  
Schedule of Deferred Tax Assets and Liabilities

The Company’s deferred tax assets and liabilities as of March 31, 2026 and 2025 consisted of the following:

 

Deferred tax liabilities  As of
March 31,
2026		   As of
March 31,
2025		 
Deferred tax liabilities  $(73)  $(120)
Net operating losses carried forward   1,940,213    1,975,215 
Less: valuation allowance   (1,940,213)   (1,975,215)
Deferred tax liabilities  $(73)  $(120)