| Schedule of Components of Income Tax (Benefit) Expenses |
The components of income tax (benefit) expenses are as follows: | | | For the Years Ended March 31, | | | | | 2026 | | | 2025 | | | 2024 | | | | | | | | | | | | | | Current | | $ | 1,791 | | | $ | 2,982 | | | $ | 24,988 | | | Deferred | | | (1,990,055 | ) | | | (30,804,128 | ) | | | — | | | Total | | $ | (1,988,264 | ) | | $ | (30,801,146 | ) | | $ | 24,988 | |
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| Schedule of Deferred Tax Assets and Deferred Tax Liabilities |
The significant components of deferred tax assets and deferred tax liabilities as of March 31, 2026 and 2025 was as below: | | | As of March 31, | | | | | 2026 | | | 2025 | | | | | | | | | | | Deferred tax assets | | | | | | | | Net operating loss carryforwards in China | | $ | 4,831,979 | | | $ | 41,269,603 | | | Allowance for credit loss | | | 27,154 | | | | — | | | Total deferred tax assets | | $ | 4,859,133 | | | $ | 41,269,603 | | | | | | | | | | | | | Deferred tax liabilities | | | | | | | | | | Intangible assets from acquisition | | $ | (2,598,580 | ) | | $ | (32,580,236 | ) | | Amortization | | | 1,149,372 | | | | 522,528 | | | Intangible assets impairment | | | 1,449,208 | | | | 30,110,105 | | | Total deferred tax liabilities | | $ | — | | | $ | (1,947,603 | ) | | | | | | | | | | | | Net deferred tax asset (liabilities) before allowance | | $ | 4,859,133 | | | $ | 39,322,000 | | | Valuation allowance | | | (4,859,133 | ) | | | (41,269,603 | ) | | Total net deferred tax (liability) | | $ | — | | | $ | (1,947,603 | ) |
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| Schedule of Reconciles the PRC Statutory Rates to the Company’s Effective Tax Rate |
The following table reconciles the PRC statutory rates to the Company’s effective tax rate for the years ended March 31, 2026, 2025 and 2024. | | | For the Years Ended March 31, | | | | | 2026 | | | 2025 | | | 2024 | | | PRC Income tax statutory rate | | | (25.0 | )% | | | (25.0 | )% | | | (25.0 | )% | | Effect of tax holiday and preferential tax rate | | | 0.0 | % | | | 4.0 | % | | | 4.0 | % | | Non—deductible foreign losses | | | 1.5 | % | | | 0.8 | % | | | 5.8 | % | | Change in valuation allowance | | | 13.9 | % | | | 42.5 | % | | | 20.3 | % | | Non—deductible expenses and others | | | 0.0 | % | | | (3.8 | )% | | | (5.4 | )% | | Effective tax rate | | | (9.6 | )% | | | 18.5 | % | | | (0.3 | )% |
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