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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Mar. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 810,545 $ 816,186
Restricted cash 2,750,000 2,750,000
Accounts receivables, net 1,207,409 2,106,451
Debt securities held-to-maturity 17,500,000 17,500,000
Inventories 191,708 63,505
Prepayments and other receivables 1,667,814 1,922,996
Advances to suppliers 320,964 1,009,362
Total current assets 28,288,594 29,181,392
NON-CURRENT ASSETS    
Plant and equipment, net 491,706 568,854
Operating lease right of use asset 19,060,635 19,796,564
Long-term prepayments 291,027 291,938
Long-term receivables 2,500,000 2,500,000
Total non-current assets 22,343,368 23,157,356
TOTAL ASSETS 50,631,962 52,338,748
CURRENT LIABILITIES    
Short-term loan 465,067 440,671
Accounts payable 79,364 359,488
Advances from customers 243,717 202,567
Accrued expenses and other payables 417,273 1,372,962
Operating lease liability current portion 1,068,257 1,059,497
Total current liabilities 2,451,428 4,581,930
NON-CURRENT LIABILITIES    
Convertible debts 3,214,514 2,684,697
Derivative liabilities 949,791 287,955
Operating lease liability 19,226,050 18,737,066
Total non-current liabilities 23,390,355 21,709,718
TOTAL LIABILITIES 25,841,783 26,291,648
EQUITY    
Common stock ($0.001 par value, 250,000,000 shares authorized, 6,043,769 and 5,383,769 shares issued and outstanding at September 30 and March 31, 2024, respectively) 6,044 5,384
Additional paid-in capital 35,240,981 34,510,869
Accumulated Deficit (10,511,833) (8,569,190)
Statutory reserve 37,020 37,020
Accumulated other comprehensive loss 17,967 63,017
Total equity 24,790,179 26,047,100
TOTAL LIABILITIES AND EQUITY 50,631,962 52,338,748
Related Party [Member]    
CURRENT ASSETS    
Amount due from related party 3,840,154 3,012,892
CURRENT LIABILITIES    
Amount due to related parties $ 177,750 $ 1,146,745