| Schedule of Operating and Finance Leases |
The table below presents the operating lease related assets and liabilities recorded on the consolidated balance sheets as of March 31, 2026 and 2025: | | | March 31,
2026 | | | March 31,
2025 | | | Operating lease right-of-use lease assets | | $ | 7,935,439 | | | $ | 6,031,284 | | | | | | | | | | | | | Operating lease liabilities – current | | $ | 2,433,468 | | | $ | 2,068,399 | | | Operating lease liabilities – non-current | | | 5,670,073 | | | | 4,003,366 | | | Total operating lease liabilities | | $ | 8,103,541 | | | $ | 6,071,765 | | Other supplemental information for all of operating leases as of March 31, 2026 and 2025 was as follows: | | | March 31,
2026 | | | March 31,
2025 | | | Remaining lease term and discount rate: | | | | | | | | Weighted average remaining lease term (years) | | | 3.94 | | | | 4.00 | | | Weighted average discount rate (1) | | | 5.49 | % | | | 6.36 | % | | Gains on sales and leaseback transactions (2) | | | 2,512,565 | | | | - | | | (1) | The Company used incremental borrowing rates ranging from 2.03% to 6.69% for its lease contracts in Japan; incremental borrowing rates ranging from 2.83% to 4.48% for its lease contracts in Hong Kong; incremental borrowing rates ranging from 2.25% to 5.25% for its lease contracts in Canada; and incremental borrowing rates of 8.50% and 5.34% for its lease contracts in the United States and Australia, respectively. | | (2) | On March 10, 2026, the Company entered into a Real Estate Sales Agreement (“Sales Agreement”) with a related party, DinnerBank Co., Ltd. (the “Buyer”). Pursuant to the agreement, the Company sold its warehouse in Japan including the building and land to the Buyer for a total consideration of ¥1,250.0 million. On March 18, 2026, the Company entered into a Rental Agreement with the Buyer, pursuant to the agreement, the Company leased the same premises for warehousing space and directly-operated physical stores for five years from March 18, 2026 to March 31, 2031, with a monthly rental of ¥5.5 million. The Company determined that these transactions should be accounted as sales and leaseback transaction as the control of the warehouse was transferred to the Buyer, and recognized a gain of $2,512,565 on disposal of the building and land on March 18, 2026. | The components of finance lease expenses were as follows: | | | For the Fiscal Years Ended March 31, | | | | | 2026 | | | 2025 | | | 2024 | | | Finance leases cost: | | | | | | | | | | | Amortization of right-of-use assets | | $ | 100,513 | | | $ | 120,005 | | | $ | 351,626 | | | Interest on lease liabilities | | | 39,575 | | | | 58,671 | | | | 80,738 | | | Total finance leases cost | | $ | 140,088 | | | $ | 178,676 | | | $ | 432,364 | | Supplemental cash flow information related to finance leases was as follows: | | | For the Fiscal Years Ended March 31, | | | | | 2026 | | | 2025 | | | 2024 | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | | | | | Operating cash flows from finance leases | | $ | 39,575 | | | $ | 58,671 | | | $ | 80,738 | | The weighted average remaining lease terms and discount rates for all of finance leases as of March 31, 2026 and 2025 were as follows: | | | March 31,
2026 | | | March 31,
2025 | | | Remaining lease term and discount rate: | | | | | | | | Weighted average remaining lease term (years) | | | 2.84 | | | | 1.96 | | | Weighted average discount rate | | | 6.89 | % | | | 8.07 | % |
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| Schedule of Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related to leases as of March 31, 2026 and 2025 was as follows: | | | March 31,
2026 | | | March 31,
2025 | | | Finance leases cost: | | | | | | | | Software | | $ | 471,890 | | | $ | 499,591 | | | Equipment and furniture | | | 891,893 | | | | 1,024,140 | | | Subtotal | | | 1,363,783 | | | | 1,523,731 | | | Less: accumulated depreciation | | | (1,221,746 | ) | | | (1,343,156 | ) | | Property and equipment, net | | $ | 142,037 | | | $ | 180,575 | |
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| Schedule of Maturities of Lease Liabilities |
The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2026: | | | Operating
Leases | | | Finance
Leases | | | 2027 | | $ | 2,806,363 | | | $ | 89,908 | | | 2028 | | | 2,307,637 | | | | 35,534 | | | 2029 | | | 1,765,231 | | | | 16,191 | | | 2030 | | | 1,129,179 | | | | 15,625 | | | 2031 | | | 517,863 | | | | 13,264 | | | Thereafter | | | 496,236 | | | | - | | | Total lease payments | | | 9,022,509 | | | | 170,522 | | | Less: imputed interest | | | (918,968 | ) | | | (11,199 | ) | | Present value of lease liabilities | | $ | 8,103,541 | | | $ | 159,323 | |
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