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Prepaid Expenses and Other Current Assets (Details) - Schedule of prepaid expenses and other current assets - USD ($)
Sep. 30, 2022
Mar. 31, 2022
Schedule of Prepaid Expenses And Other Current Assets [Abstract]    
Prepayments to suppliers $ 4,968,167 $ 4,177,537
Loans receivables [1] 502,310 727,765
Deposit 704,681 691,070
Prepayments to technical provider 598,608 669,481
VAT-in 531,036 560,155
Prepayment to Weilan [2] 448,946
Receivable from disposal of subsidiaries [3] 563,396 408,106
Other current assets 226,173
Total $ 7,868,198 $ 7,909,233
[1] Loans receivables to third parties mainly represent loan agreements entered with certain third-party companies to support their daily operation or bridge loan of mortgage with maturity from six to nine months and the interest rate from 0.03% to 0.5% per day.
[2] In the year ended March 31, 2022, the Company signed a cooperation agreement with a third party to invest in Hangzhou Weilan Automobile Co., Ltd. (“Weilan”) and paid $448,946 to the shareholders of Weilan. In June 2022, both parties agreed to terminate the cooperation agreement and the Company collected the full prepayment.
[3] In the six months ended September 30, 2022, the Company disposed 24 subsidiaries due to the business optimization. The total receivables from disposal of these subsidiaries amounted to $581,079. Receivables of amounted to $17,683 has been collected by September 30, 2022 and the remained amount was fully collected in October, 2022.