3. Receivables from Customers, Net

As of March 31, 2026 and 2025, receivables from customers consisted of the following:

As of March 31, 2026 and 2025, the Company assessed the collection from the customers and recorded allowance of $881,488 and $2,590,291 against receivables from customers, respectively. For the years ended March 31, 2026 and 2025, the Company reversed allowances for expected credit losses of $881,488 and provided allowances for expected credit losses of $2,590,291, respectively.