v3.26.1
Accrued Expenses and Other Liabilities (Tables)
 9 Months Ended
Dec. 31, 2025
Accrued Expenses and Other Liabilities [Abstract]  
Schedule of Accrued Expenses and Other Liabilities
    December 31,     March 31,  
    2025     2025  
    (Unaudited)     (Unaudited)  
Deposits (i)   $ 536,745     $ 540,424  
Assumed liabilities of the disposed subsidiaries (ii)     518,388       —  
Accrued expenses (iii)     163,827       484,407  
Accrued payroll and welfare     122,154       689,783  
Other taxes payable     39,954       49,464  
Payables for expenditures on automobile transaction and related services     10,916       6,857  
Other payables     170,133       137  
Total accrued expenses and other liabilities   $ 1,562,117     $ 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 the disposed subsidiaries

 

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 Yicheng, Senmiao Consulting and its subsidiaries (refer to note 4), which are repayable on demand or per contractual terms.

 

(iii) Accrued expenses