Acquisitions of Subsidiaries (Tables)
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12 Months Ended |
Mar. 31, 2026 |
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| Acquisitions of Subsidiaries [Abstract] |
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| Schedule of Assets Acquired and Liabilities Assumed and Goodwill |
The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition. Goodwill as a result of the acquisition of Ridgeline International Limited is calculated as follows: | Total purchase considerations for 100% equity interest purchase | | $ | 3,582,250 | | | Fair value of assets acquired: | | | | | | Cash and cash equivalents | | $ | 837,983 | | | Restricted cash | | | 3,995,456 | | | Trade accounts receivables | | | 4,998,140 | | | Inventories | | | 1,904,532 | | | Other receivables, net | | | 30,388 | | | Other current assets | | | 93,263 | | | Property and equipment, net | | | 3,299 | | | Intangible assets, net | | | 2,087,109 | | | Total assets acquired | | | 13,950,170 | | | Fair value of liabilities assumed: | | | | | | Accounts payable | | $ | 6,718,157 | | | Notes payable | | | 4,532,086 | | | Other payables | | | 42,686 | | | Taxes payable | | | 16,947 | | | Deferred tax liabilities | | | 521,777 | | | Total liabilities assumed | | | 11,831,653 | | | Total net assets acquired | | | 2,118,517 | | | Goodwill as a result of the acquisition | | $ | 1,463,733 | |
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| Schedule of Statement of Income for the Period from the Date of Acquisition |
The following table presents Ridgeline International Limited’s statement of income for the period from the date of acquisition through March 31, 2025. | | | From the
date of
acquisition
through
March 31,
2025 | | | Revenue | | $ | 3,060,280 | | | Operating costs and expenses | | | 2,904,704 | | | Income from operations | | | 155,576 | | | Other income | | | 321 | | | Income tax expense | | | 38,974 | | | Net income | | | 116,923 | |
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| Schedule of Pro Forma Information |
The pro forma results are not necessarily indicative of the actual results that would have occurred had the acquisitions been completed as of the beginning of the periods presented, nor are they necessarily indicative of future consolidated results. | | | For the years ended
March 31, | | | | | 2025 | | | 2024 | | | 2023 | | | | | (Unaudited) | | | (Unaudited) | | | (Unaudited) | | | Revenue | | $ | 75,566,508 | | | $ | 86,263,951 | | | $ | 53,075,095 | | | Operating costs and expenses | | | 72,919,515 | | | | 84,815,305 | | | | 66,196,848 | | | Income (loss) from operations | | | 2,646,993 | | | | 1,448,646 | | | | (13,121,753 | ) | | Other income (loss) | | | 3,547 | | | | (1,412,695 | ) | | | (2,263,251 | ) | | Income tax expense | | | 218,561 | | | | (13,936 | ) | | | 394,541 | | | Net income (loss) | | | 2,431,979 | | | | 49,887 | | | | (15,779,545 | ) |
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