| INTANGIBLE ASSETS |
Note 11 – INTANGIBLE ASSETS Net intangible assets consisted of the following at: | | | March 31,
2026 | | | March 31,
2025 | | | Land use rights (1) | | | 1,413,678 | | | | 1,343,800 | | | Software | | | 291,674 | | | | 370,514 | | | Customer relationship | | | 2,087,109 | | | | 2,087,109 | | | Total intangible assets | | | 3,792,461 | | | | 3,801,423 | | | Less: accumulated amortization | | | (790,408 | ) | | | (498,462 | ) | | Intangible assets, net | | $ | 3,002,053 | | | $ | 3,302,961 | | Amortization expense of intangibles amounted to $359,670 and $54,787 for the years ended March 31, 2026 and 2025, respectively. | (1) | In July 2013, the Company purchased the land use rights of a plot of land in Lin’an, Hangzhou, intended for the establishment of an herb processing plant in the future. However, as the Company’s farming business in Lin’an has not grown, the Company does not expect completion of the plant in the near future. |
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