Income Tax (Tables)

12 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income tax payable

	As of March 31, 2023		As of March 31, 2022
Income tax payable – current	$	2,846,201	$	2,861,272
Income tax payable – non-current		751,410		1,001,880
	$	3,597,611	$	3,863,152

Schedule of provision for income taxes

	For the fiscal years ended March 31,
	2023			2022
Domestic and foreign components of income (loss) before income taxes
Domestic	$	(1,761,439	)	$	(2,508,655	)
Foreign		5,845,172			12,952,530
Total	$	4,083,733		$	10,443,875

	For the fiscal years ended March 31,
	2023			2022
Provision (benefit) for income taxes
Current tax:
U.S. federal	$	—		$	(147	)
U.S. state and local		750			700
Foreign		1,464,643			2,727,650
Total Current Tax		1,465,393			2,728,203
Deferred tax:
U.S. federal		198,717			(203,928	)
Total deferred tax		198,717			(203,928	)
Total tax	$	1,664,110		$	2,524,275
Effective tax rates		40.7	%		24.2	%

Schedule of reconciliation of the effective tax rate

	For the fiscal years ended March 31,
	2023			2022
Tax at statutory rate	$	857,052		$	2,193,499
State tax, net of federal benefit		593			593
Non-deductible expenses		85,589			431
Non-taxable income		—			(474	)
Global Intangible Low-Taxed Income		846,116			1,783,313
Tax Credits		(558,642	)		(1,455,812	)
Foreign tax rate differential		237,688			159,053
Valuation Allowance		—			(151,246	)
Provision to return adjustments		195,714			(5,082	)
Total	$	1,664,110		$	2,524,275

Schedule of deferred tax assets and liabilities

Deferred tax assets	As of March 31, 2023			As of March 31, 2022
Stock-based compensation	$	154,227		$	352,590
Deferred tax liabilities		(354	)		—
Net operating losses carried forward		—			—
Less: valuation allowance		—			—
Deferred tax assets, net	$	153,873		$	352,590