Accrued Expenses and Other Liabilities

12 Months Ended

Mar. 31, 2026

Accrued Expenses and Other Liabilities [Abstract]

ACCRUED EXPENSES AND OTHER LIABILITIES

9. ACCRUED EXPENSES AND OTHER LIABILITIES

		March 31,				March 31,
		2026				2025
Deposits (i)		$	551,905			$	540,424
Assumed liabilities of Disposed Entities (ii)			363,169				—
Accrued payroll and welfare			141,555				689,783
Accrued expenses (iii)			60,289				484,407
Other taxes payable			38,479				49,464
Payables for expenditures on automobile transaction and related services			11,067				6,857
Other payables			—				137
Total accrued expenses and other liabilities		$	1,166,464			$	1,771,072

(i)

Deposits

The balance of deposits represented the security deposit from operating and finance lease customers to cover lease payment and related automobile expense in case the customers’ accounts are in default. The balance is refundable at the end of the lease term, after deducting any missed lease payment and applicable fee.

(ii)

Assumed liabilities of Disposed Entities

The assumed liabilities of the disposed subsidiaries represent the debts that the Company is required to assume pursuant to the Sichuan Acquisition Agreement in connection with the disposal of Disposed Entities (refer to note 4), which are repayable on demand or per contractual terms.

(iii)

Accrued expenses

The balance of accrued expenses represented the unbilled or payable balances to the expenses related to the daily operations of automobiles and services fees to professional institutions.