v3.26.1
Intangible Assets, Net
 12 Months Ended
Mar. 31, 2026
Intangible Assets, Net [Abstract]  
INTANGIBLE ASSETS, NET

NOTE 11 – INTANGILBE ASSETS, NET

 

As of March 31, 2026 and 2025, intangible assets, net consist of the following:

 

    As of March 31,  
    2026     2025  
             
Software   $ 142,904     $ 135,840  
Patent     —       120,440,421  
License   $ 10,394,317     $ 9,880,524  
Total intangible assets     10,537,221       130,456,785  
Less: accumulated amortization     (4,682,071 )     (2,136,210 )
Less: impairment     (5,796,831 )     (120,440,421 )
Intangible assets, net   $ 58,319     $ 7,880,154  

 

For the years ended March 31, 2026 and 2025, the amortization amount was US$2,364,873 and US$2,148,169, respectively.

 

The Company reviews its intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. The impairment test compares the carrying amount to the undiscounted future cash flows expected to result from the use of the asset. If the carrying amount exceeds the undiscounted cash flows, an impairment loss is recognized for the difference between the carrying amount and the fair value of the asset. In the year ended March 31, 2026, the Company made an allowance of US$5,630,400 on its licenses and, in the year ended March 31, 2025, the Company made fully impairment on its patent due to changes of market conditions and the Company’s strategy.

  

Estimated future amortization expense related to intangible assets at March 31, 2026 is as follows:

 

For the years ended March 31,      
2027   $ 34,639  
2028     23,680  
Total   $ 58,319