XML 11 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Mar. 31, 2024
Current assets    
Cash and cash equivalents $ 91,367,333 $ 85,174,017
Accounts receivable, net 408,234
Prepayments and other assets, net 8,241,570 402,899
Inventories 196,724 191,201
Prepaid consideration   56,250,000
Total current assets 100,213,861 142,018,117
Non-current assets    
Provisional goodwill 112,500,000  
Property and equipment, net 113,243
Right of use assets 122,800
Total non-current assets 112,736,043
Total assets 212,949,904 142,018,117
Current liabilities    
Accounts payable 259,701
Accrued expenses and other current liabilities 1,309,098 1,104,812
Contract liabilities 3,863,262 415,020
Taxes payable 115,987 74,091
Loan from third party 4,645,463
Operating lease liabilities 40,775
Total current liabilities 12,234,286 3,593,923
Non-current liabilities    
Operating lease liabilities-non-current 63,965
Total non-current liabilities 63,965
Total liabilities 12,298,251 3,593,923
SHAREHOLDERS’ EQUITY:    
Ordinary share ($0.0001 par value, 5,000,000,000 shares authorized, 720,880,603 and 438,336,843 shares issued, 719,714,720 and 437,170,960 shares outstanding as of September 30, 2024 and March 31,2024, respectively) 72,088 43,834
Additional paid-in capital 273,054,174 210,324,890
Treasury stock (1,165,883 shares as of September 30, 2024 and March 31,2024, respectively) (3,988,370) (3,988,370)
Accumulated deficit (64,513,015) (63,926,383)
Accumulated other comprehensive loss (4,060,547) (4,086,587)
Total shareholders’ equity 200,564,330 138,367,384
Non-controlling interest 87,323 56,810
Total equity 200,651,653 138,424,194
Total liabilities and shareholders’ equity 212,949,904 142,018,117
Related parties    
Current liabilities    
Amount due to related parties $ 2,000,000 $ 2,000,000