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Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
Class A
Ordinary shares
Class A
Class B
Ordinary shares
Class B
Additional paid-in capital
Statutory surplus reserve
Retained earnings
Accumulated other comprehensive income (loss)
Total Paranovus Entertainment Technology Limited shareholders’ equity
Non- controlling interests
Total
Balance at Mar. 31, 2020 $ 12,500     $ 15,044,002 $ 2,064,096 $ 66,623,204 $ (4,153,813) $ 79,589,989 $ 79,589,989
Balance (in Shares) at Mar. 31, 2020 25,000,000                  
Ordinary shares issued for cash $ 2,550     10,723,150 10,725,700 10,725,700
Ordinary shares issued for cash (in Shares) 5,100,000                    
Ordinary shares issued for services $ 191     778,232 778,423 778,423
Ordinary shares issued for services (in Shares) 381,580                    
Statutory reserves     5,558,669 (5,558,669)
Contribution from non-controlling shareholders     112,418 112,418
Net income (loss)     786,356 786,356 (94,400) 691,956
Dividend     (375,000) (375,000) (375,000)
Foreign currency translation adjustments     3,240,192 3,240,192 2,873,378 6,113,570
Balance at Mar. 31, 2021 $ 15,241     26,545,384 7,622,765 61,475,891 (913,621) 94,745,660 2,891,396 97,637,056
Balance (in Shares) at Mar. 31, 2021 30,481,580                  
Ordinary shares issued for cash $ 16,470     18,861,130 18,877,600 18,877,600
Ordinary shares issued for cash (in Shares) 32,940,000                  
Business acquisition $ 7,100     7,379,220 7,386,320 3,924,220 11,310,540
Business acquisition (in Shares) 14,200,000                  
Convention of Class A Ordinary shares into Class B Ordinary shares $ (6,048)   $ 6,048  
Convention of Class A Ordinary shares into Class B Ordinary shares (in Shares) (12,095,100)   12,095,100                
Ordinary shares issued for services $ 739     1,085,492 1,086,231 1,086,231
Ordinary shares issued for services (in Shares) 1,478,103                  
Net income (loss)     (49,190,610) (49,190,610) (4,829,471) (54,020,081)
Foreign currency translation adjustments     5,220,157 5,220,157 (2,696,899) 2,523,258
Balance at Mar. 31, 2022 $ 33,502   $ 6,048   53,871,226 7,622,765 12,285,281 4,306,536 78,125,358 (710,754) 77,414,604
Balance (in Shares) at Mar. 31, 2022 67,004,583 67,004,583 12,095,100 12,095,100              
Ordinary shares issued for cash $ 30,000     5,970,000 6,000,000 6,000,000
Ordinary shares issued for cash (in Shares) 3,000,000                  
Share consolidation      
Share consolidation (in Shares) (63,504,908)   (11,640,345)                
Business acquisition $ 13,750     7,067,500 7,081,250 7,081,250
Business acquisition (in Shares) 1,375,000                  
Convention of Class A Ordinary shares into Class B Ordinary shares $ (75)   $ 75  
Convention of Class A Ordinary shares into Class B Ordinary shares (in Shares) (150,000)   150,000                
Net income (loss)     (71,738,874) (71,738,874) (448,242) (72,187,116)
Foreign currency translation adjustments       (4,708,655) (4,708,655) 272,988 (4,435,667)
Balance at Mar. 31, 2023 $ 77,177   $ 6,123   $ 66,908,726 $ 7,622,765 $ (59,453,593) $ (402,119) $ 14,759,079 $ (886,008) $ 13,873,071
Balance (in Shares) at Mar. 31, 2023 7,724,675 7,724,675 604,755 612,255