Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Mar. 31, 2026 |
| Summary of Significant Accounting Policies [Abstract] |
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| Schedule of Translation of Amounts from RMB into US |
Translation of amounts from RMB into US$ has been made at the following exchange rates for the respective periods: | | | March 31, | | | March 31, | | | | | 2026 | | | 2025 | | | Balance sheet items, except for equity accounts – RMB: US$1: | | | 6.8980 | | | | 7.2567 | | | | | For the years ended March 31, | | | | | 2026 | | | 2025 | | | Items in the statements of operations and comprehensive loss, and cash flows – RMB: US$1: | | | 7.1019 | | | | 7.2163 | |
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| Schedule of Fair Value on a Recurring Basis |
The following table sets forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis as of March 31, 2026 and 2025: | | | Carrying Value as of | | | Fair Value Measurement as of | | | | | March 31, | | | March 31, 2026 | | | | | 2026 | | | Level 1 | | | Level 2 | | | Level 3 | | | Derivative liabilities | | $ | 5,615,288 | | | $ | — | | | $ | — | | | $ | 5,615,288 | | | | | Carrying Value as of | | | Fair Value Measurement as of | | | | | March 31, | | | March 31, 2025 | | | | | 2025 | | | Level 1 | | | Level 2 | | | Level 3 | | | Derivative liabilities | | $ | 84,591 | | | $ | — | | | $ | — | | | $ | 84,591 | |
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| Schedule of Assets and Liabilities Measured at Fair Value |
The following is a reconciliation of the beginning and ending balance of the assets and liabilities measured at fair value on a recurring basis for the years ended March 31, 2026 and 2025: | | | August 2020 Underwritten Public | | | February 2021 Registered Direct | | | May 2021 Registered Direct Offering | | | November 2021 Private Placement | | | November 2025 Private Placement | | | November 2025 Registered Direct Offering | | | | | | | | Offering Warrants | | | Offering Warrants | | | Investors Warrants | | | Placement Warrants | | | Offering Warrants | | | Placement Warrants | | | Investors Warrants | | | Pre-funded Warrant | | | Total | | | BALANCE as of March 31, 2024 | | $ | 3,219 | | | $ | 4,333 | | | $ | 80,636 | | | $ | 6,048 | | | $ | 179,520 | | | $ | 15,077 | | | $ | — | | | $ | — | | | $ | 288,833 | | | Change in fair value of derivative liabilities | | | (3,198 | ) | | | (4,114 | ) | | | (67,813 | ) | | | (5,086 | ) | | | (114,934 | ) | | | (9,097 | ) | | | — | | | | — | | | | (204,242 | ) | | BALANCE as of March 31, 2025 | | | 21 | | | | 219 | | | | 12,823 | | | | 962 | | | | 64,586 | | | | 5,980 | | | | — | | | | — | | | | 84,591 | | | Derivative liabilities recognized at grant date | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,724,165 | | | | 1,013,590 | | | | 5,737,755 | | | Change in fair value of derivative liabilities | | | (21 | ) | | | (219 | ) | | | (12,823 | ) | | | (962 | ) | | | (60,487 | ) | | | (5,980 | ) | | | (231,066 | ) | | | 108,599 | | | | (202,959 | ) | | Exercise | | | — | | | | — | | | | — | | | | — | | | | (4,099 | ) | | | — | | | | — | | | | — | | | | (4,099 | ) | | BALANCE as of March 31, 2026 | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,493,099 | | | $ | 1,122,189 | | | $ | 5,615,288 | |
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| Schedule of Estimates the Fair Value to those Warrants using the Black-Scholes Valuation Model |
The warrants presented in the table above are not traded in an active securities market; therefore, the Company estimates the fair value to those warrants using the Black-Scholes valuation model as of March 31, 2026 and 2025. | | | As of March 31, 2026 | | | | | May 13, 2021 | | | November 10, 2021 | | | November 14, 2025 | | | November 17, 2025 | | | | | | | | Placement | | | | | | Placement | | | | | | | | | | | Investor | | | Agent | | | Investor | | | Agent | | | Investor | | | Pre-funded | | | Granted Date | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | # of shares exercisable* | | | 55,319 | | | | 4,149 | | | | 1,341,362 | | | | 5,515 | | | | 4,510,000 | | | | 905,000 | | | Valuation date | | | 3/31/2026 | | | | 3/31/2026 | | | | 3/31/2026 | | | | 3/31/2026 | | | | 3/31/2026 | | | | 3/31/2026 | | | Exercise price* | | $ | 105.00 | | | $ | 105.00 | | | $ | 1.03 | | | $ | 68.00 | | | $ | 1.26 | | | $ | 0.0001 | | | Stock price* | | $ | 1.24 | | | $ | 1.24 | | | $ | 1.24 | | | $ | 1.24 | | | $ | 1.24 | | | $ | 1.24 | | | Expected term (years) | | | 0.12 | | | | 0.12 | | | | 0.61 | | | | 0.61 | | | | 5.12 | | | | ** | | | Risk-free interest rate | | | 3.73 | % | | | 3.73 | % | | | 3.71 | % | | | 3.71 | % | | | 3.93 | % | | | 4.86 | % | | Expected volatility | | | 106 | % | | | 106 | % | | | 125 | % | | | 125 | % | | | 109 | % | | | 118 | % | | | | As of March 31, 2025 | | | | | August 4, 2020 | | | February 10, 2021 | | | May 13, 2021 | | | November 10, 2021 | | | | | | | | Placement | | | | | | | | | Placement | | | | | | Placement | | | | | Underwriters’ | | | Agent | | | ROFR | | | Investor | | | Agent | | | Investor | | | Agent | | | Granted Date | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | # of shares exercisable* | | | 3,181 | | | | 3,804 | | | | 1,522 | | | | 55,319 | | | | 4,149 | | | | 2,778,315 | | | | 5,515 | | | Valuation date | | | 3/31/2025 | | | | 3/31/2025 | | | | 3/31/2025 | | | | 3/31/2025 | | | | 3/31/2025 | | | | 3/31/2025 | | | | 3/31/2025 | | | Exercise price* | | $ | 62.50 | | | $ | 138.00 | | | $ | 172.50 | | | $ | 105.00 | | | $ | 105.00 | | | $ | 2.16 | | | $ | 68.00 | | | Stock price* | | $ | 8.90 | | | $ | 8.90 | | | $ | 8.90 | | | $ | 8.90 | | | $ | 8.90 | | | $ | 8.90 | | | $ | 8.90 | | | Expected term (years) | | | 0.35 | | | | 0.87 | | | | 0.87 | | | | 1.12 | | | | 1.12 | | | | 1.61 | | | | 1.61 | | | Risk-free interest rate | | | 1.39 | % | | | 3.49 | % | | | 3.49 | % | | | 4.01 | % | | | 4.01 | % | | | 4.21 | % | | | 4.21 | % | | Expected volatility | | | 112 | % | | | 112 | % | | | 112 | % | | | 112 | % | | | 112 | % | | | 112 | % | | | 112 | % | | * | Giving retroactive effect to the 1-for-10 reverse stock split effected on July 29, 2025, except for the November 2025 Warrants | | ** | No fixed termination date is specified in the agreement of November 2025 Pre-funded Warrants, which can be exercised at any time on or after the initial exercise date and until it is exercised in full, yet the Company adopted a 20-year assumption for valuation purposes. |
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| Schedule of Finance Lease Receivables |
As of March 31, 2026 and 2025, finance lease receivables consisted of the following: | | | March 31, | | | March 31, | | | | | 2026 | | | 2025 | | | Minimum lease payments receivable | | $ | 85,774 | | | $ | 293,872 | | | Less: Unearned interest | | | (36,268 | ) | | | (104,340 | ) | | Finance lease receivables | | $ | 49,506 | | | $ | 189,532 | | | Finance lease receivables, current | | $ | 44,454 | | | $ | 166,339 | | | Finance lease receivables, non-current | | $ | 5,052 | | | $ | 23,193 | |
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| Schedule of Future Scheduled Minimum Lease Payments for Investments in Sales-Type Leases |
Future scheduled minimum lease payments for investments in sales-type leases as of March 31, 2026 are as follows: | | | Minimum future payments receivable | | | Twelve months ending March 31, 2027 | | $ | 78,381 | | | Twelve months ending March 31, 2028 | | | 7,393 | | | Total | | $ | 85,774 | |
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| Schedule of Useful Life of Property and Equipment |
The useful life of property and equipment is summarized as follows: | Categories | | Useful life | | Office equipment, fixture and furniture | | 3 – 5 years | | Automobiles | | 3 – 5 years | Purchased intangible assets are recognized and measured at fair value upon acquisition. Separately identifiable intangible assets that have determinable lives continue to be amortized over their estimated useful lives using the straight-line method as follows: | Categories | | Useful life | | Software | | 5–10 years |
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| Schedule of Disaggregated Information of Revenues |
Disaggregated information of revenues recorded by continuing operations by business lines are as follows: | | | For the Years Ended | | | | | March 31, | | | | | 2026 | | | 2025 | | | Automobile Transaction and Related Services | | | | | | | | - Operating lease revenues from automobile rentals | | $ | 1,348,542 | | | $ | 1,685,112 | | | - Financing revenues | | | 68,011 | | | | 93,473 | | | - Service fees from NEVs leasing | | | 64,833 | | | | — | | | - Default revenue | | | 26,025 | | | | 33,050 | | | - Monthly services commissions | | | 17,485 | | | | 25,799 | | | - Service fees from automobile purchase services | | | 10,046 | | | | 38,696 | | | - Other service fees | | | 11,185 | | | | 20,041 | | | Total Revenues | | $ | 1,546,127 | | | $ | 1,896,171 | |
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