v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2026
Summary of Significant Accounting Policies [Abstract]  
Schedule of Disaggregates Revenue in Each Segment The following table disaggregates the Company’s revenue in each segment for the years ended March 31, 2026, 2025 and 2024:

 

    For the year ended March 31,  
    2026     2025     2024  
Revenue from offline wholesale   $ 117,872,139     $ 118,864,443     $ 123,994,053  
Revenue from online platform     14,291,595       1,107,195       -  
Total revenue   $ 132,163,734     $ 119,971,638     $ 123,994,053  
Schedule of Cash, Cash Equivalents and Restricted Cash

The following represents a reconciliation of cash and cash equivalents in the consolidated balance sheets to total cash, cash equivalents and restricted cash in the consolidated statements of cash flows as of March 31, 2026 and 2025:

 

    March 31,
2026		     March 31,
2025		  
Cash and cash equivalents   $ 17,905,262     $ 12,779,781  
Restricted cash     8,519       5,761,294  
Cash, cash equivalents and restricted cash   $ 17,913,781     $ 18,541,075  
Schedule of Allowance for Credit Losses The roll forward for the allowance for credit losses for the year end March 31, 2026, is as follows:
    For the year end March 31, 2026  
    Account
receivable		     Other
receivables		     Total  
Allowance for credit losses as of March 31, 2025   $ 110,293       2,024,405     $ 2,134,698  
Credit loss addition (reversal)     330,386       (554,833 )     (224,447 )
Ending allowance for credit losses   $ 440,679       1,469,572     $ 1,910,251  
Schedule of Estimated Useful Lives of Property And Equipment Leasehold improvements are amortized over the shorter of lease term or remaining lease period of the underlying assets. Following are the estimated useful lives of the Company’s property and equipment:
    Estimated
Useful Life
Motor vehicles   4 years
Office equipment & furniture   1-5 years
Schedule of Estimated Useful Lives of Intangible Assets

The estimated useful lives of the Company’s intangible assets are as follows:

 

    Estimated
Useful Life
Land use rights   50 years
Software   3-10 years
Customer relationship   10 years
Schedule of Exchange Rates Used to Translate

The exchange rates used to translate amounts in RMB into USD for the purposes of preparing the audited consolidated financial statements or otherwise disclosed in this report were as follows:

 

    March 31,
2026		   March 31,
2025		   March 31,
2024
Balance sheet items, except for the registered and paid-up capital, as of end of period/year   USD1: RMB 6.8980   USD1: RMB 7.2567   USD1: RMB 7.2203
             
Amounts included in the statement of Operations and statement of cash flows for the period/ year ended   USD1: RMB 7.1019   USD1: RMB 7.2163   USD1: RMB 7.1671