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Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Mar. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 170,572 $ 176,229,874
Accounts receivable, net 1,281,065 954,200
Prepayments and other assets 12,229,837 6,809,198
Inventories 200,135 190,242
Loan receivables 11,941,378
Advances for capital expenditures 175,664,545
TOTAL CURRENT ASSETS 189,546,154 196,124,892
NON-CURRENT ASSETS    
Property and equipment, net 12,015 16,148
Intangible assets, net 58,319 7,880,154
Right of use assets 16,897 98,396
Goodwill 10,833,735
TOTAL NON-CURRENT ASSETS 87,231 18,828,433
TOTAL ASSETS 189,633,385 214,953,325
CURRENT LIABILITIES:    
Accrued expenses and other current liabilities 1,834,929 1,521,938
Contract liabilities 4,407,134 10,217,048
Taxes payable 93,284 33,863
Loan from third party 350,527
Operating lease liabilities-current 22,567 40,058
Amount due to related parties 2,000,000 2,000,000
TOTAL CURRENT LIABILITIES 8,708,441 13,812,907
NON-CURRENT LIABILITIES    
Operating lease liabilities-non-current 2,565 41,679
Deferred tax liabilities 1,947,603
TOTAL NON-CURRENT LIABILITIES 2,565 1,989,282
TOTAL LIABILITIES 8,711,006 15,802,189
COMMITMENTS AND CONTINGENCIES (Note 24)
SHAREHOLDERS’ EQUITY:    
Additional paid-in capital 405,525,513 405,616,966
Treasury stock (1,165,883 shares as of March 31, 2026 and 2025, respectively) (3,988,370) (3,988,370)
Accumulated deficit (217,575,362) (198,903,752)
Accumulated other comprehensive loss (3,284,297) (3,771,374)
TOTAL SHAREHOLDERS’ EQUITY 180,934,612 199,119,145
Non-controlling interest (12,233) 31,991
TOTAL EQUITY 180,922,379 199,151,136
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 189,633,385 214,953,325
Class A Ordinary Share    
SHAREHOLDERS’ EQUITY:    
Common stock value 256,330 164,877
Class B Ordinary Share    
SHAREHOLDERS’ EQUITY:    
Common stock value $ 798 $ 798