Summary of Significant Accounting Policies (Tables)
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3 Months Ended |
Jun. 30, 2026 |
| Summary of Significant Accounting Policies [Abstract] |
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| Schedule of Translation of Amounts from RMB into US |
Translation of amounts from RMB into US$ has been made at the following exchange rates for the respective periods: | | | June 30, | | | March 31, | | | | | 2026 | | | 2026 | | | Balance sheet items, except for equity accounts – RMB: US$1: | | | 6.7851 | | | | 6.8980 | | | | | For the Three months ended June 30, | | | | | 2026 | | | 2025 | | | Items in the statements of operations and comprehensive loss, and cash flows – RMB: US$1: | | | 6.8048 | | | | 7.2331 | |
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| Schedule of Fair Value on a Recurring Basis |
The following table sets forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2026 and March 31, 2026: | | | Carrying Value as of | | | Fair Value Measurement as of | | | | | June 30, | | | June 30, 2026 | | | | | 2026 | | | Level 1 | | | Level 2 | | | Level 3 | | | | | (Unaudited) | | | | | | | | | (Unaudited) | | | Derivative liabilities | | $ | 48,032,895 | | | $ | — | | | $ | — | | | $ | 48,032,895 | | | | | Carrying Value as of | | | Fair Value Measurement as of | | | | | March 31, | | | March 31, 2026 | | | | | 2026 | | | Level 1 | | | Level 2 | | | Level 3 | | | Derivative liabilities | | $ | 5,615,288 | | | $ | — | | | $ | — | | | $ | 5,615,288 | |
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| Schedule of Assets and Liabilities Measured at Fair Value |
The following is a reconciliation of the beginning and ending balance of the assets and liabilities measured at fair value on a recurring basis for the three months ended June 30, 2026 and for the year ended March 31, 2026: | | | August 2020 Underwritten Public | | | February 2021 Registered Direct | | | May 2021 Registered Direct Offering | | | November 2021 Private Placement | | | November 2025 Private Placement | | | November 2025 Registered Direct Offering | | | June 2026 Units Private Placement | | | | | | | | Offering Warrants | | | Offering Warrants | | | Investors Warrants | | | Placement Warrants | | | Offering Warrants | | | Placement Warrants | | | Investors Warrants | | | Pre-funded Warrant | | | Investors Warrants | | | Total | | | BALANCE as of March 31, 2025 | | $ | 21 | | | $ | 219 | | | $ | 12,823 | | | $ | 962 | | | $ | 64,586 | | | $ | 5,980 | | | $ | — | | | $ | — | | | $ | — | | | $ | 84,591 | | | Derivative liabilities recognized at grant date | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 4,724,165 | | | | 1,013,590 | | | | — | | | | 5,737,755 | | | Change in fair value of derivative liabilities | | | (21 | ) | | | (219 | ) | | | (12,823 | ) | | | (962 | ) | | | (60,487 | ) | | | (5,980 | ) | | | (231,066 | ) | | | 108,599 | | | | — | | | | (202,959 | ) | | Exercise | | | — | | | | — | | | | — | | | | — | | | | (4,099 | ) | | | — | | | | — | | | | — | | | | — | | | | (4,099 | ) | | BALANCE as of March 31, 2026 | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 4,493,099 | | | | 1,122,189 | | | | — | | | | 5,615,288 | | | Derivative liabilities recognized at grant date | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 45,149,713 | | | | 45,149,713 | | | Change in fair value of derivative liabilities | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 440,056 | | | | 81,448 | | | | (3,253,610 | ) | | | (2,732,106 | ) | | BALANCE as of June 30, 2026 (Unaudited) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,933,155 | | | $ | 1,203,637 | | | $ | 41,896,103 | | | $ | 48,032,895 | |
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| Schedule of Estimates the Fair Value to those Warrants using the Black-Scholes Valuation Model |
The warrants presented in the table above are not traded in an active securities market; therefore, the Company estimates the fair value to those warrants using the Black-Scholes valuation model as of June 30, 2026 and March 31, 2026. | | | As of June 30, 2026 | | | | | November 10, 2021 | | | November 14, 2025 | | | November 17, 2025 | | | June 26, 2026 | | | | | | | | Placement | | | | | | | | | | | | | | Investor | | | Agent | | | Investor | | | Pre-funded | | | Units | | | Granted Date | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | | | (Unaudited) | | | (Unaudited) | | | (Unaudited) | | | (Unaudited) | | | (Unaudited) | | | # of shares exercisable* | | | 1,341,362 | | | | 5,515 | | | | 4,510,000 | | | | 905,000 | | | | 40,00,000 | | | Valuation date | | | 6/30/2026 | | | | 6/30/2026 | | | | 6/30/2026 | | | | 6/30/2026 | | | | 6/30/2026 | | | Exercise price* | | $ | 1.03 | | | $ | 68.00 | | | $ | 1.26 | | | $ | 0.0001 | | | $ | 1.46 | | | Stock price* | | $ | 1.33 | | | $ | 1.33 | | | $ | 1.33 | | | $ | 1.33 | | | $ | 1.33 | | | Expected term (years) | | | 0.36 | | | | 0.36 | | | | 5.49 | | | | ** | | | | 5.00 | | | Risk-free interest rate | | | 4.01 | % | | | 4.01 | % | | | 4.22 | % | | | 4.69 | % | | | 4.19 | % | | Expected volatility | | | 80 | % | | | 80 | % | | | 108 | % | | | 117 | % | | | 109 | % | | | | As of March 31, 2026 | | | | | May 13, 2021 | | | November 10, 2021 | | | November 14, 2025 | | | November 17, 2025 | | | | | | | | Placement | | | | | | Placement | | | | | | | | | | | Investor | | | Agent | | | Investor | | | Agent | | | Investor | | | Pre-funded | | | Granted Date | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | Warrants | | | # of shares exercisable* | | | 55,319 | | | | 4,149 | | | | 1,341,362 | | | | 5,515 | | | | 4,510,000 | | | | 905,000 | | | Valuation date | | | 3/31/2026 | | | | 3/31/2026 | | | | 3/31/2026 | | | | 3/31/2026 | | | | 3/31/2026 | | | | 3/31/2026 | | | Exercise price* | | $ | 105.00 | | | $ | 105.00 | | | $ | 1.03 | | | $ | 68.00 | | | $ | 1.26 | | | $ | 0.0001 | | | Stock price* | | $ | 1.24 | | | $ | 1.24 | | | $ | 1.24 | | | $ | 1.24 | | | $ | 1.24 | | | $ | 1.24 | | | Expected term (years) | | | 0.12 | | | | 0.12 | | | | 0.61 | | | | 0.61 | | | | 5.12 | | | | ** | | | Risk-free interest rate | | | 3.73 | % | | | 3.73 | % | | | 3.71 | % | | | 3.71 | % | | | 3.93 | % | | | 4.86 | % | | Expected volatility | | | 106 | % | | | 106 | % | | | 125 | % | | | 125 | % | | | 109 | % | | | 118 | % | | * | Giving retroactive effect to the 1-for-10 reverse stock split effected on July 29, 2025, except for the November 2025 Warrants and June 2026 Units Warrants. | | ** | No fixed termination date is specified in the agreement of November 2025 Pre-funded Warrants, which can be exercised at any time on or after the initial exercise date and until it is exercised in full, yet the Company adopted a 20-year assumption for valuation purposes. |
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| Schedule of Finance Lease Receivables |
As of June 30, 2026 and March 31, 2026, finance lease receivables consisted of the following: | | | June 30, | | | March 31, | | | | | 2026 | | | 2026 | | | | | (Unaudited) | | | | | | Minimum lease payments receivable | | $ | 49,851 | | | $ | 85,774 | | | Less: Unearned interest | | | (20,620 | ) | | | (36,268 | ) | | Financing lease receivables | | $ | 29,231 | | | $ | 49,506 | | | Finance lease receivables, current | | $ | 26,296 | | | $ | 44,454 | | | Finance lease receivables, non-current | | $ | 2,935 | | | $ | 5,052 | |
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| Schedule of Future Scheduled Minimum Lease Payments for Investments in Sales-Type Leases |
Future scheduled minimum lease payments for investments in sales-type leases as of June 30, 2026 are as follows: | | | Minimum future payments receivable | | | Twelve months ending June 30, 2027 | | $ | 48,539 | | | Twelve months ending June 30, 2028 | | | 1,312 | | | Total | | $ | 49,851 | |
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| Schedule of Useful Life of Property and Equipment |
The useful life of property and equipment is summarized as follows: | Categories | | Useful life | | Office equipment, fixture and furniture | | 3 – 5 years | | Automobiles | | 3 – 5 years | Separately identifiable intangible assets that have determinable lives continue to be amortized over their estimated useful lives using the straight-line method as follows: | Categories | | Useful life | | Software | | 5-10 years |
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| Schedule of Disaggregated Information of Revenues |
Disaggregated information of revenues recorded by continuing operations by business lines are as follows: | | | For the Three Months Ended | | | | | June 30, | | | | | 2026 | | | 2025 | | | | | (Unaudited) | | | (Unaudited) | | | Automobile Transaction and Related Services | | | | | | | | - Operating lease revenues from automobile rentals | | $ | 313,335 | | | $ | 386,266 | | | - Service fees from NEVs leasing | | | 21,291 | | | | — | | | - Financing revenues | | | 11,813 | | | | 22,331 | | | - Service fees from automobile purchase services | | | 4,670 | | | | 1,270 | | | - Default revenue | | | 3,439 | | | | 7,294 | | | - Monthly services commissions | | | 1,163 | | | | 8,265 | | | - Other service fees | | | 5,178 | | | | 2,272 | | | Total Revenues | | $ | 360,889 | | | $ | 427,698 | |
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