v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (16,799,253) $ (14,648,792)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 625,987 482,389
Amortization of discount on notes payable 2,923,059 13,727
Amortization of loan cost 26,871
Credit loss (recovery) expense 73,151 (17,912)
Stock-based compensation 441,951 5,860,695
Share of loss in joint venture 70 14,948
Warrant modification expense 2,694,722
Loss on extinguishment of debt 122,864
Stock issuance in exchange for services 1,235,009
(Increase) decrease in assets:    
Prepaid expenses and other current assets (590,956) 372,489
Accounts receivable (326,768) (78,093)
Other assets (1,006) (6,654)
Inventory 267,626 (485,759)
Operating lease right-of-use assets (260,867) 282,593
Increase (decrease) in liabilities:    
Accounts payable (85,609) 410,623
Accrued expenses 544,879 272,873
Gift card liability 446,252
Operating lease liabilities 260,867 (282,593)
Deferred revenue (1,103,229) (80,786)
CASH USED IN OPERATING ACTIVITIES (9,504,380) (7,890,252)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for purchases of property and equipment, including intangibles (97,045) (467,189)
CASH USED IN INVESTING ACTIVITIES (97,045) (467,189)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of preferred stock 1,945,352 2,999,051
Proceeds from SAFE notes 3,598,805
Payments on short-term notes payable (1,454,263) (411,247)
Payments on long-term notes payable (549) (364)
Proceeds from short-term notes payable 1,734,627 2,367,500
Payment for equity repurchase (2,750)
Proceeds from warrants exercised, net of issuance costs 6,985,847 95
Proceeds from convertible notes, net of issuance costs 9,398,813
Proceeds from exercise of stock option 24,978
Due (to) from related parties (40,000) 14,230
CASH PROVIDED BY FINANCING ACTIVITIES 18,594,805 8,565,320
NET INCREASE (DECREASE) IN CASH 8,993,380 207,879
CASH AT BEGINNING OF YEAR 477,908 270,029
CASH AT END OF YEAR 9,471,288 477,908
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 9,209 56,824
Enterprise income taxes paid to People’s Republic of China 1,700 2,353
Delaware franchise tax paid 123,558 55,258
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
SAFE notes converted to preferred stock 4,594,323
Fair value of warrants issued with SAFE Notes 394,132
Conversion of Class A common stock to Class B common Stock 4,000
Debt and accrued interest extinguished for issuance of preferred stock 462,975
Conversion of preferred stock to common stock 22,153
Total amount issued in connection with equity transactions 214,906
Fair value of warrants issued with convertible note 7,755,891
Promissory notes converted to common stock 787,896
Recognition of right-of-use assets - operating $ 204,893 $ 821,644