v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Mar. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents (including amounts of the consolidated VIEs of $3,525,903 and $3,745,251 as of March 31, 2026 and 2025, respectively) $ 3,777,382 $ 7,600,300
Restricted cash (including amounts of the consolidated VIEs of $145 and $138 as of March 31, 2026 and 2025, respectively) 145 138
Short-term investments (including amounts of the consolidated VIEs of $1,311,939 and $3,093,976 as of March 31, 2026 and 2025, respectively) 1,311,939 3,094,208
Inventories, net (including amounts of the consolidated VIEs of $1,593,649 and $1,584,425 as of March 31, 2026 and 2025, respectively) 2,143,028 1,800,020
Due from related parties (including amounts of the consolidated VIEs of $1,005,624 and $1,240,828 as of March 31, 2026 and 2025, respectively) 3,222,453 3,197,017
Long-term accounts receivable, net - current portion (including amounts of the consolidated VIEs of $nil and $82,681 as of March 31, 2026 and 2025, respectively) 0 82,681
Long-term other receivable, net - current portion (including amounts of the consolidated VIEs of $nil and $89,050 as of March 31, 2026 and 2025, respectively) 0 89,050
Finance receivables, net - current portion (including amounts of the consolidated VIEs of $58,657 and $70,801 as of March 31, 2026 and 2025, respectively) 58,657 70,801
Prepaid expenses and other current assets, net (including amounts of the consolidated VIEs of $1,848,517 and $1,112,065 as of March 31, 2026 and 2025, respectively) 2,056,819 1,363,793
TOTAL CURRENT ASSETS 19,559,055 22,971,221
Property and equipment, net (including amounts of the consolidated VIEs of $279,928 and $352,212 as of March 31, 2026 and 2025, respectively) 399,903 385,415
Intangible assets, net (including amounts of the consolidated VIEs of $nil and $nil as of March 31, 2026 and 2025, respectively) 75,156 0
Right-of-use assets, net (including amounts of the consolidated VIEs of $78,250 and $104,390 as of March 31, 2026 and 2025, respectively) 293,973 434,188
Deferred tax assets, net (including amounts of the consolidated VIEs of $6,989 and $5,613 as of March 31, 2026 and 2025, respectively) 6,989 5,613
Long-term other receivable, net - non-current portion (including amounts of the consolidated VIEs of $375,228 and $591,803 as of March 31, 2026 and 2025, respectively) 375,228 591,803
Finance receivables, net - non-current portion (including amounts of the consolidated VIEs of $41,077 and $46,852 as of March 31, 2026 and 2025, respectively) 41,077 46,852
Other non-current assets, net (including amounts of the consolidated VIEs of $nil and $374,201 as of March 31, 2026 and 2025, respectively) 0 374,201
TOTAL NONCURRENT ASSETS 1,192,326 1,838,072
TOTAL ASSETS 20,751,381 24,809,293
CURRENT LIABILITIES:    
Short-term bank loan (including amounts of the consolidated VIEs of $179,611 and $137,781 as of March 31, 2026 and 2025, respectively) 179,611 137,781
Convertible note payable (including amounts of the consolidated VIEs of $nil and $nil as of March 31, 2026 and 2025, respectively) 279,019 2,391,945
Derivative liability (including amounts of the consolidated VIEs of $nil and $nil as of March 31, 2026 and 2025, respectively) 0 2,032,530
Promissory note payable (including amounts of the consolidated VIEs of $nil and $nil as of March 31, 2026 and 2025, respectively) 1,314,864 0
Deferred revenue (including amounts of the consolidated VIEs of $1,072,663 and $876,905 as of March 31, 2026 and 2025, respectively) 1,230,132 999,182
Payroll payable (including amounts of the consolidated VIEs of $288,746 and $223,035 as of March 31, 2026 and 2025, respectively) 414,528 294,669
Taxes payable (including amounts of the consolidated VIEs of $260,600 and $251,185 as of March 31, 2026 and 2025, respectively) 261,004 218,342
Due to related parties (including amounts of the consolidated VIEs of $102,639 and $121,825 as of March 31, 2026 and 2025, respectively) 439,912 132,620
Accrued expenses and other current liabilities (including amounts of the consolidated VIEs of $109,460 and $90,676 as of March 31, 2026 and 2025, respectively) 196,734 233,883
Operating lease liabilities - current portion (including amounts of the consolidated VIEs of $187,325 and $150,615 as of March 31, 2026 and 2025, respectively) 299,198 275,213
TOTAL CURRENT LIABILITIES 6,055,139 7,859,479
Operating lease liabilities - non-current portion (including amounts of the consolidated VIEs of $27,222 and $64,797 as of March 31, 2026 and 2025, respectively) 96,308 258,974
Deferred tax liabilities (including amounts of the consolidated VIEs of $5,971 and $6,413 as of March 31, 2026 and 2025, respectively) 7,709 6,964
Long-term loan (including amounts of the consolidated VIEs of $nil and $nil as of March 31, 2026 and 2025, respectively) 21,781 0
TOTAL NONCURRENT LIABILITIES 206,913 392,697
TOTAL LIABILITIES 6,262,052 8,252,176
COMMITMENTS AND CONTINGENCIES 0 0
SHAREHOLDERS’ EQUITY    
Additional paid-in capital 22,984,723 13,754,806
Statutory reserves 647,101 646,794
Accumulated deficits (14,392,360) (3,069,137)
Accumulated other comprehensive loss (408,866) (864,735)
TOTAL SHAREHOLDERS’ EQUITY 8,833,834 10,470,098
Non-controlling interest 5,655,495 6,087,019
TOTAL EQUITY 14,489,329 16,557,117
TOTAL LIABILITIES AND EQUITY 20,751,381 24,809,293
Nonrelated Party    
CURRENT ASSETS:    
Accounts receivable, net 4,411,365 3,976,391
Advance to vendors, net 2,431,630 1,451,280
CURRENT LIABILITIES:    
Accounts payable 1,360,199 1,003,053
Related Party    
CURRENT ASSETS:    
Accounts receivable, net 24,124 245,492
Advance to vendors, net 121,513 50
Due from related parties (including amounts of the consolidated VIEs of $1,005,624 and $1,240,828 as of March 31, 2026 and 2025, respectively) 3,222,453 3,197,017
CURRENT LIABILITIES:    
Accounts payable 79,938 140,261
Due to a related party - non-current 81,115 126,759
Class A ordinary share    
SHAREHOLDERS’ EQUITY    
Ordinary shares, value 2,650 1,784
Class B ordinary share    
SHAREHOLDERS’ EQUITY    
Ordinary shares, value $ 586 $ 586