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 $ (4,469,165) $ (5,094,198)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 557,860 1,671,157
Amortization of debt discount 572,449 1,092,871
Stock-Based Compensation Expense 70,001
Investment income (364,583) (330,000)
Fair value (gain) or loss 3,309,430 2,339,448
(Gain)/Loss on debts extinguishment (8,979) (62,200)
(Gain)/Loss from sale of property and equipment (23,586) 73,236
Loss on disposal of subsidiary 12,358 334,135
Changes in operating assets and liabilities:    
Accounts receivable 118,248 767,233
Inventories (14,103) (112,228)
Advances to suppliers (79,884) 72,234
Other receivables (568,705) 1,129,468
Accounts payables 695,799 (306,289)
Accrued expenses and other payables (559,246) (888,791)
Advances from customers 148,503 129,925
Net cash (used in) provided by operating activities (603,603) 816,001
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of plant and equipment (180,894) (197,592)
Cash acquired from subsidiary 15,667
Proceeds from sale of property and equipment and intangible assets 23,938
Cash decreased in disposal of subsidiaries (155,563) (8,219)
Net cash used in by investing activities (296,852) (205,811)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from related party borrowings 845,654 169,158
Repayment of related party borrowings (431,827) (301,522)
Cash advance to related parties (4,089,025) (3,817,099)
Repayment from related parties 2,481,500 2,568,167
Proceeds from bank borrowings 513,533 1,016,440
Repayment of bank borrowings (514,824) (797,795)
Release of restricted cash 2,739,244
Payment for redemption of convertible debts (390,000) (586,290)
Proceeds from issuance of common stocks 646,800
Net cash provided by (used in) financing activities 1,154,255 (1,102,141)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 253,800 (491,951)
Effect of exchange rate changes on cash and cash equivalents (4,486) 718
Cash and cash equivalents, beginning of year 324,953 816,186
CASH AND CASH EQUIVALENTS, END OF YEAR 574,267 324,953
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 41,017 52,617
Cash paid during the year for income tax $ 4,106 $ 4,649