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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Mar. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 11,128,627 $ 176,229,874
Accounts receivable, net 3,169,671 954,200
Prepayments and other assets 1,198,697 6,809,198
Inventories 193,922 190,242
Loan receivables 2,697,008 11,941,378
TOTAL CURRENT ASSETS 18,387,925 196,124,892
NON-CURRENT ASSETS    
Advances for capital expenditures 175,664,545
Property and equipment, net 15,365 16,148
Intangible assets, net 6,852,278 7,880,154
Right of use assets 79,548 98,396
Goodwill 11,043,286 10,833,735
TOTAL NON-CURRENT ASSETS 193,655,022 18,828,433
TOTAL ASSETS 212,042,947 214,953,325
CURRENT LIABILITIES    
Accrued expenses and other current liabilities 1,766,244 1,521,938
Contract liabilities 7,989,052 10,217,048
Taxes payable 218,913 33,863
Operating lease liabilities-current 41,683 40,058
TOTAL CURRENT LIABILITIES 12,015,892 13,812,907
NON-CURRENT LIABILITIES    
Operating lease liabilities-non-current 21,370 41,679
Deferred tax liabilities 1,694,747 1,947,603
TOTAL NON-CURRENT LIABILITIES 1,716,117 1,989,282
TOTAL LIABILITIES 13,732,009 15,802,189
SHAREHOLDERS’ EQUITY    
Additional paid-in capital 405,525,513 405,616,966
Treasury stock (1,165,883 shares as of September 30, 2025 and March 31, 2025, respectively) (3,988,370) (3,988,370)
Accumulated deficit (200,179,453) (198,903,752)
Accumulated other comprehensive loss (3,310,944) (3,771,374)
TOTAL SHAREHOLDERS’ EQUITY 198,303,874 199,119,145
Non-controlling interest 7,064 31,991
TOTAL EQUITY 198,310,938 199,151,136
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 212,042,947 214,953,325
Class A Ordinary Share    
SHAREHOLDERS’ EQUITY    
Ordinary shares, value 256,330 164,877
Class B Ordinary Share    
SHAREHOLDERS’ EQUITY    
Ordinary shares, value 798 798
Related Party    
CURRENT LIABILITIES    
Amount due to related parties $ 2,000,000 $ 2,000,000