v3.26.1
Income Tax (Tables)
 12 Months Ended
Mar. 31, 2026
Income Tax [Abstract]  
Schedule of Components of the Provision for Income Taxes Significant components of the provision for income taxes are as follows:
   For the Years Ended 
   March 31, 
   2026   2025 
Current        
Federal  $(3,108)  $94,113 
State   258,325    183,598 
City   (49,431)   123,284 
Foreign   165,005    
—
 
Deferred          
Federal   
—
    (4,000)
State   
—
    1,000 
City   
—
    (2,000)
Foreign   (42,112)   (59,829)
Total  $328,679   $336,166 

Significant components of the provision for income taxes are as follows:

 

   For the Years Ended 
   March 31, 
   2026   2025 
Current        
Federal  $(3,108)  $94,113 
State   258,325    183,598 
City   (49,431)   123,284 
Deferred          
Federal   
—
    (4,000)
State   
—
    1,000 
City   
—
    (2,000)
Total  $205,786   $395,995 
Significant components of the provision for income taxes are as follows:
   For the Years Ended 
   March 31, 
   2026   2025 
Current        
Federal  $93,399   $
—
 
State   71,606    
—
 
City   
—
    
—
 
Deferred          
Federal   (23,837)   (33,866)
State   (18,275)   (25,963)
City   
—
    
—
 
Total  $122,893   $(59,829)
Schedule of Provision for Income Taxes

The provision for income taxes is based on the following pretax income (loss):

 

   For the Years Ended 
   March 31, 
   2026   2025 
U.S.  $(9,904,580)  $(4,690,634)
Canada   975,451    (264,359)
Total  $(8,929,129)  $(4,954,993)
Schedule of Reconciles to the Company’s Effective Tax Rate

The following table reconciles to the Company’s effective tax rate:

 

   For the Years Ended 
   March 31, 
   2026   2025 
Pre-tax book loss  $(8,929,129)  $(4,954,993)
Federal Statutory rate   21.0%   21.0%
State income tax rate, net of federal income tax benefit   5.5%   4.6%
City income tax rate, net of federal income tax benefit   7.8%   5.5%
Foreign statutory rate   0.9%   0.4%
Permanent differences   0.2%   (1.2)%
Valuation allowance of deferred tax assets   (41.3)%   (34.6)%
Return to project adjustment   2.2%   (2.5)%
Total   (3.7)%   (6.8)%
Schedule of Deferred Tax Assets Significant components of DTAs (DTLs), net are as follows:
   As of
March 31,		   As of
March 31,		 
   2026   2025 
Net operating loss carry forwards  $3,250,235   $1,506,378 
Inventory reserve   332,000    410,000 
Operating right-of-use liability   1,801,000    4,837,000 
ECL allowances   83,000    
—
 
Depreciation and amortization difference   175,765    10,000 
Total deferred tax assets (DTAs)   5,642,000    6,763,378 
Valuation allowance   (4,037,000)   (1,714,000)
Deferred tax assets, net of valuation allowance  $1,605,000)  $5,049,378 
           
Accumulated depreciation        (460,395)
Operating lease right-of-use assets   (1,605,000)   (4,494,000)
Total deferred tax liabilities (DTLs)   (1,605,000)   (4,954,395)
Deferred tax assets, net  $
—
   $94,983 
           
Deferred tax assets (liabilities) – U.S., net  $
—
   $
—
 
Deferred tax assets – Canada, net  $
—
   $94,983