v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Mar. 31, 2025
CURRENT ASSETS:    
Cash $ 9,024,289 $ 10,131,392
Accounts receivable, net 901,296 717,709
Other receivables, net 890,876 966,687
Loan to third parties, current 0 522,335
Loan to related parties 1,820,193 1,795,024
Other current assets 85,231 94,948
TOTAL CURRENT ASSETS 12,721,885 14,228,095
Loan to third parties, noncurrent 788,083 224,588
Property and equipment, net 421,577 411,736
Long-term investments 129,127 137,804
Operating lease right-of-use assets 177,014 140,556
Long-term rent deposit 40,350 44,228
Deferred tax assets, net 167,793 261,251
TOTAL ASSETS 14,445,829 15,448,258
CURRENT LIABILITIES:    
Due to related parties 367,077 478,278
Deferred revenue 1,078,552 1,636,802
Operating lease liabilities, current 114,954 117,711
Taxes payable 1,059,563 1,013,350
Other payables 40,815 107,013
Accrued expenses and other liabilities 277,817 156,756
Accounts payable 147,909 154,256
TOTAL CURRENT LIABILITIES 3,086,687 3,664,166
Operating lease liabilities, noncurrent 72,981 14,539
TOTAL LIABILITIES 3,159,668 3,678,705
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Additional paid-in capital 5,139,116 5,139,116
Statutory reserve 867,530 867,530
Retained earnings 4,791,719 5,897,255
Accumulated other comprehensive loss (810,113) (1,236,374)
Total Wah Fu shareholders’ equity 10,032,358 10,711,633
Non-controlling interest 1,253,803 1,057,920
TOTAL SHAREHOLDERS’ EQUITY 11,286,161 11,769,553
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 14,445,829 15,448,258
Ordinary Shares    
SHAREHOLDERS’ EQUITY    
Ordinary shares value 29,226 29,226
Class A Ordinary Shares    
SHAREHOLDERS’ EQUITY    
Ordinary shares value $ 14,880 $ 14,880