v3.26.1
Accrued Expenses and Other Liabilities (Tables)
 12 Months Ended
Mar. 31, 2026
Accrued Expenses and Other Liabilities [Abstract]  
Schedule of 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