v3.26.1
Inventories, Net
 3 Months Ended
Jun. 30, 2026
Inventories, Net [Abstract]  
INVENTORIES, NET

4 — INVENTORIES, NET

 

Inventories, net consisted of the following:

 

    As of
June 30,		     As of
March 31,		  
    2026     2026  
Batteries   $ 923,629     $ 892,143  
Electric Vehicles     1,616,818       1,795,389  
Tires     266,929       290,594  
Accessories     214,734       215,551  
Inventories     3,022,110       3,193,677  
Inventory reserves     (1,003,931 )     (859,193 )
Inventories, net   $ 2,018,179     $ 2,334,484  

 

Movements of inventory reserves are as follows:

 

    For the Three Months Ended  
    June 30,  
    2026     2025  
Beginning balance   $ 859,193     $ 1,107,569  
Addition     254,041       229,780  
Write off     (109,303 )     (147,894 )
Ending Balance   $ 1,003,931     $ 1,189,455  

 

As of June 30, 2026 and March 31, 2026, the inventory reserves balance was $1,003,931 and $859,193 respectively. For the three months ended June 30, 2026 and 2025, and impairment loss was $254,041 and $229,780, respectively.