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 $ (15,715,049) $ (8,305,429) $ (9,927,324)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,069,910 380,000 380,000
Amortization of operating lease right-of-use assets 192,953 0 0
Goodwill impairment 6,563,746 3,376,186 1,807,848
Intangible asset impairment 3,225,428 1,108,333 0
Impairment of prepaid expenses and other current assets 1,500,000 0 0
Interest income (227,896) 0 0
Interest expense 262,514 0 0
Gain on disposal of discontinued operations 0 367,223 (7,472,035)
Changes in operating assets and liabilities:      
Accounts receivable (436,633) 0 0
Inventories 534,554 0 0
Prepaid expenses and other current assets (264,553) 1,281 (1,501,651)
Amount due from related parties (40,000) 0 0
Accounts payable (301,892) 0 0
Other payables and accrued liabilities 190,306 98,842 442,735
Taxes payable 107,786 0 0
Operating lease liabilities (190,106) 0 0
Deferred income taxes 1,128,900 0 0
Net cash used in operating activities from continuing operations (1,400,031) (2,973,564) (16,270,426)
Net cash provided by operating activities from discontinued operations 0 304,108 3,164,448
Net cash used in operating activities (1,400,031) (2,669,456) (13,105,978)
Cash Flows from Investing Activities:      
Purchase of short-term investments, net 0 (4,758,797) 0
Loans to third parties (3,863,550) 0 0
Purchases of property, plant and equipment 0 0 0
Business acquisition, net of cash acquired 0 (22,287,544) 0
Proceeds from disposal of discontinued operations 0 0 11,698,379
Net cash used in investing activities from continuing operations (3,863,550) (27,046,341) 11,698,379
Net cash provided by investing activities from discontinued operations 0 0 0
Net cash used in investing activities (3,863,550) (27,046,341) 11,698,379
Cash Flows from Financing Activities:      
Proceeds from ordinary share issuances 19,862,097 27,000,000 0
Amount due to / from related parties 1,891,289 1,848,158 0
Proceeds from borrowing from third parties 949,946 158,091 0
Repayment of borrowing to third parties (3,317,367) 0 0
Net cash provided by financing activities from continuing operations 15,603,387 29,006,249 0
Net cash provided by financing activities from discontinued operations 0 0 0
Net cash provided by financing activities 15,603,387 29,006,249 0
Effect of exchange rate changes on cash and cash equivalents (303,462) 26,661 (1,003,646)
Net increase (decrease) in cash and cash equivalents 10,036,344 (682,887) (2,411,245)
Cash and cash equivalents of continuing operations - beginning of year 261,355 341,779 1,522,292
Cash and cash equivalents of discontinued operations - beginning of year 0 602,463 1,833,195
Cash and cash equivalents - beginning of year 261,355 944,242 3,355,487
Cash and cash equivalents - end of year 10,297,699 261,355 944,242
Less cash and cash equivalents of discontinued operations - end of year 0 0 602,463
Cash and cash equivalents of continuing operations - end of year 10,297,699 261,355 341,779
Supplemental disclosures of cash flows information:      
Cash paid for income taxes 0 0 0
Cash paid for interest expense $ 558,656 $ 0 $ 0