SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Non-Controlling Interest Equity |
As of March 31, 2026 and 2025, non-controlling interest equity
(deficit) consisted of the following:
| | |
Percentage of | | |
As of | |
Entity | |
ownership of
non-controlling
interest | | |
March 31,
2026 | | |
March 31,
2025 | |
| Shanghai | |
| 45 | % | |
$ | (36,977 | ) | |
$ | 65,652 | |
| Beijing | |
| 45 | % | |
| 987,693 | | |
| 867,501 | |
| Qinghai | |
| 45 | % | |
| 121,931 | | |
| 193,753 | |
| Harbin | |
| 45 | % | |
| 462,313 | | |
| 436,332 | |
| Zhengzhou | |
| 45 | % | |
| 250,813 | | |
| 277,424 | |
| Chengdu | |
| 45 | % | |
| 277,477 | | |
| 268,966 | |
| Guangzhou | |
| 45 | % | |
| 352,309 | | |
| 310,888 | |
| Changchun | |
| 45 | % | |
| 177,274 | | |
| 275,496 | |
| Hefei | |
| 45 | % | |
| 168,966 | | |
| 278,903 | |
| Hangzhou | |
| 45 | % | |
| 254,320 | | |
| 437,487 | |
| Tianjin | |
| 45 | % | |
| 562,243 | | |
| 477,013 | |
| Shenzhen | |
| 45 | % | |
| 52,899 | | |
| 122,690 | |
| Qingdao | |
| 45 | % | |
| 71,148 | | |
| 93,626 | |
| Kunming | |
| 45 | % | |
| 842,731 | | |
| 740,138 | |
| Xi’an | |
| 45 | % | |
| 176,868 | | |
| 174,271 | |
| Shijiazhuang | |
| 45 | % | |
| 608,067 | | |
| 652,868 | |
| Ningbo | |
| 45 | % | |
| 186,281 | | |
| 192,754 | |
| Chongqing | |
| 45 | % | |
| 109,024 | | |
| 156,366 | |
| Changyun (1) | |
| 45 | % | |
| 56,660 | | |
| 48,995 | |
| Suzhou | |
| 45 | % | |
| (36,396 | ) | |
| 10,800 | |
| Changzhou | |
| 45 | % | |
| 7,946 | | |
| 5,096 | |
| Zibo | |
| 45 | % | |
| 1,905 | | |
| — | |
| Total non-controlling interest | |
| | | |
$ | 5,655,495 | | |
$ | 6,087,019 | |
| (1) |
On March 17, 2023, the shareholders of the Changyun approved a reduction of its registered capital from RMB5.0 million ($699,007) to RMB1.0 million ($139,801). RMB704,000 ($98,220) of capital contribution was returned to the NCI during the year ended March 31, 2024 and the remaining of RMB1,096,000 ($179,185) of capital contribution was fully returned to the NCI during the year ended March 31, 2025. |
|
| Schedule of Inventories, Net and Property and Equipment, Net |
Property and equipment are stated at cost less
accumulated depreciation and amortization. Depreciation and amortization of property and equipment are provided using the straight-line
method over their expected useful lives, as follows:
| | | Useful Life | | Electronic equipment | | 3 years | | Machinery and equipment | | 5 years | | Motor vehicles | | 4 years | | Office furniture | | 5 years | | Leasehold improvement | | Lesser of useful life and lease term |
|
| Schedule of Currency Exchange Rates |
The following table outlines the currency exchange
rates that were used in creating the financial statements in this report:
| |
|
March 31, 2026 |
|
March 31, 2025 |
|
March 31, 2024 |
| |
|
Year-end |
|
Average |
|
Year-end |
|
Average |
|
Year-end |
|
Average |
| |
|
spot rate |
|
rate |
|
spot rate |
|
rate |
|
spot rate |
|
rate |
| US$ against RMB |
|
US$1=RMB 6.9038 |
|
US$1=RMB 7.1024 |
|
US$1=RMB 7.2579 |
|
US$1=RMB 7.2168 |
|
US$1=RMB 7.2221 |
|
US$1=RMB 7.1530 |
| US$ against HK$ |
|
US$1= HK$ 7.8390 |
|
US$1= HK$ 7.8039 |
|
US$1= HK$ 7.7793 |
|
US$1= HK$ 7.7928 |
|
— |
|
— |
|
| Schedule of Revenue Recognition |
The Company’s disaggregation of revenues
by products/services types for the years ended March 31, 2026, 2025 and 2024 are as the following:
| | |
For the Years Ended | |
| | |
March 31, | |
| | |
2026 | | |
2025 | | |
2024 | |
| Revenue from sales of equipment | |
$ | 14,513,689 | | |
$ | 11,020,511 | | |
$ | 13,627,509 | |
| Revenue from maintenance services | |
| 766,675 | | |
| 1,207,687 | | |
| 2,090,109 | |
| Revenue from leasing of equipment | |
| 1,033,160 | | |
| 1,236,517 | | |
| 1,234,320 | |
| Revenue from financing | |
| 5,399 | | |
| 7,397 | | |
| 12,019 | |
| Total revenue | |
$ | 16,318,923 | | |
$ | 13,472,112 | | |
$ | 16,963,957 | |
| Timing of revenue recognition | |
| | | |
| | | |
| | |
| Equipment transferred at a point in time | |
$ | 14,513,689 | | |
$ | 11,020,511 | | |
$ | 13,627,509 | |
| Services rendered over time | |
| 1,805,234 | | |
| 2,451,601 | | |
| 3,336,448 | |
| Total revenue | |
$ | 16,318,923 | | |
$ | 13,472,112 | | |
$ | 16,963,957 | |
| | |
For the Years Ended | |
| | |
March 31, | |
| | |
2026 | | |
2025 | | |
2024 | |
| PRC | |
$ | 16,313,763 | | |
$ | 13,472,112 | | |
$ | 16,963,957 | |
| The United States | |
| 5,160 | | |
| - | | |
| - | |
| Total revenue | |
$ | 16,318,923 | | |
$ | 13,472,112 | | |
$ | 16,963,957 | |
|