v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities      
Net loss $ (8,499,053) $ (7,581,452) $ (4,722,146)
Less: net loss from discontinued operations (4,602,415) 462,886
Net loss from continuing operations (8,499,053) (2,979,037) (5,185,032)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation of property and equipment 18,459 18,306 18,356
Amortization of intangible assets 70,112
Amortization of operating right-of-use assets 102,079 97,803 166,872
Loss from long-term investment 11,073 1,085
Interest income from loans to a related party (26,430)
Impairment loss related to long-term investment 5,305,764 1,819,678
Impairment loss related to intangible asset 175,802
Credit loss impairment related to amounts due from a related party 696,764
Impairment loss related to goodwill 4,171,039
Allowance for credit losses on accounts receivable 162,500
Shares issued as consideration for employee compensation 1,050,350 436,800
Changes in operating assets and liabilities:      
Accounts receivables 287,033
Prepayments and other current assets (427) 63,838 (9,155)
Amounts due from related parties, non-current (566,853)
Other receivables 22,572
Amounts due from a related party (93,686)
Interest payable 49,482
Amounts due to a related party 77,997 20,223 (1,652)
Accrued expenses 9,052 410,136 (707,425)
Taxes payable (2,095) 27,916 (56,418)
Operating lease liability (100,621) (97,803) (224,822)
Deferred tax liabilities (28,241)
Net cash used in operating activities – continuing operations (1,296,107) (831,606) (1,159,946)
Net cash used in operating activities – discontinued operations (3,182,287) (1,500,154)
Net cash used in operating activities (1,296,107) (4,013,893) (2,660,100)
Cash flows from investing activities      
Net cash provided by investing activities – discontinued operations 4,788
Net cash generated from investing activities 4,788
Cash flows from financing activities      
Proceeds from bond issued 400,000 600,000
Proceeds from due to a related party 12,478    
Repayment to related parties (61,297)    
Net cash provided by financing activities – Continued operations 351,181 600,000
Net cash generated from financing activities 351,181 600,000
Effects of foreign currency translation (29,838) 2,353,738 (510,483)
Effects of foreign currency translation – Continuing operations (29,838) 704,002 49,453
Effects of foreign currency translation – Discontinued operations 1,649,736 (559,936)
Net decrease in cash (974,764) (1,060,155) (3,165,795)
Net (decrease) / increase in cash and cash equivalents – Continuing operations (974,764) 472,396 (1,110,493)
Net decrease in cash and cash equivalents – Discontinued operations (1,532,551) (2,055,302)
Cash and cash equivalents at beginning of year – continuing operations 1,217,968 745,572 1,856,065
Cash and cash equivalents at beginning of year – discontinued operations 17,087,419 19,142,721
Cash at beginning of period 1,217,968 17,832,991 20,998,786
Cash and cash equivalents at end of the period including discontinued operations 243,204 16,772,836 17,832,991
Less: Cash and cash equivalents at end of the period – discontinued operations 15,554,868 17,087,419
Cash and cash equivalents at end of year – continuing operations 243,204 1,217,968 745,572
Supplemental disclosures of cash flow information      
Cash paid for income taxes 6,442 23,723
Non-cash transactions      
Mandatory conversion of convertible note $ 110