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 $ (5,371,504) $ (3,680,812)
Net loss from discontinued operations (102,603) (1,773,971)
Net loss from continuing operations (5,268,901) (1,906,841)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation of property and equipment 881,130 911,051
Stock compensation expense 250,000
Amortization of right-of-use assets 38,508 53,272
Amortization of intangible assets 75,000 75,000
Provision for credit losses 422,064 697,165
Gain on disposal of equipment (21,923) (4,020)
Excess of warrant fair value over offering proceeds 2,896,455
Offering costs allocable to derivative liabilities 12,575
Gain from debt forgiveness (42,581)
Gain from voluntary waiver of compensation by related parties (170,000)
Loss from lease modification or termination 19,636
Loss from termination of automobiles purchase 196,777
Change in fair value of derivative liabilities (202,959) (204,242)
Change in operating assets and liabilities    
Accounts receivable 9,158 2,441
Finance lease receivables 153,504 148,134
Prepayments, other receivables and other assets 335,428 16,654
Due from related parties 60,919 69,288
Accounts payable (26,595) 87,576
Advances from customers (21,886) (18,050)
Accrued expenses and other liabilities (731,618) 229,642
Due to related parties 247,094 0
Operating lease liabilities (6,263)
Operating lease liabilities, related parties (31,836) (41,347)
Net Cash (Used in) Provided by Operating Activities from Continuing Operations (1,136,464) 325,873
Net Cash (Used in) Provided by Operating Activities from Discontinued Operations (465,097) 174,430
Net Cash (Used in) Provided by Operating Activities (1,601,561) 500,303
Cash Flows from Investing Activities:    
Purchases of property and equipment (415)
Cash received from disposal of property and equipment 35,530 16,761
Loan to a related party (229,469)
Net Cash (Used in) Provided by Investing Activities from Continuing Operations (193,939) 16,346
Net Cash Used in Investing Activities from Discontinued Operations (481,124)
Net Cash Used in Investing Activities (193,939) (464,778)
Cash Flows from Financing Activities:    
Net proceeds from exercise of November 2021 Private Placement Warrants 341,251
Net proceeds from issuance of common stock in PIPE Offering 659,992
Net proceeds from registered direct offering of common stock and pre-funded warrants, and concurrent private placement of warrants 2,828,725
Borrowings from related parties 778,307
Repayments to related parties (269,365) (11,940)
Net Cash Provided by (Used in) Financing Activities from Continuing Operations 4,338,910 (11,940)
Net Cash Provided by (Used in) Financing Activities from Discontinued Operations 80,100 (111,780)
Net Cash Provided by (Used in) Financing Activities 4,419,010 (123,720)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 142,734 127,136
Net increase in cash, cash equivalents and restricted cash 2,766,244 38,941
Cash, cash equivalents and restricted cash, beginning of the year 833,577 794,636
Cash, cash equivalents and restricted cash, end of the year 3,599,821 833,577
Less: Cash, cash equivalents and restricted cash from discontinued operations (37,602) (132,275)
Cash from continuing operations, end of year 3,562,219 701,302
Non-cash Transaction in Investing and Financing Activities    
Termination of right-of use assets and lease liabilities 47,563
Recognition of right-of-use assets and lease liabilities, a related party 77,603
Offset of loans due from a related party against accrued salary payable 221,389
Cash from continuing operations, end of the year 3,562,219 701,302
Cash and cash equivalent from discontinued operations, end of the year 132,275
Cash from continuing operations, beginning of the year 701,302 649,591
Cash and cash equivalent from discontinued operations, beginning of the year 132,275 142,708
Restricted cash from discontinued operations, beginning of the year $ 2,337