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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Mar. 31, 2023
Current assets    
Cash and cash equivalents $ 1,036,536 $ 2,198,694
Accounts receivable, net 16,505  
Inventories 14,544  
Prepaid expenses and other current assets 904,707 3,074,663
Current assets from discontinued operations - disposal   4,512,614
Total current assets 1,972,292 9,785,971
Property, plant and equipment, net 3,178 13,470
Intangible assets, net 1,678,333 1,868,333
Goodwill 5,184,036 5,184,036
Prepaid assets 2,332,658 251
Non-current assets from discontinued operations - disposal   19,488,148
Total non-current assets 9,198,205 26,554,238
TOTAL ASSETS 11,170,497 36,340,209
Current liabilities    
Accounts payable
Other payables and accrued liabilities 492,980  
Income tax payable 102 8,987
Current liabilities from discontinued operations - disposal   20,944,091
Total current liabilities 493,082 20,953,078
Non-current liabilities from discontinued operations - disposal 1,514,060
Total non-current liability   1,514,060
TOTAL LIABILITIES 493,082 22,467,138
COMMITMENTS AND CONTINGENCIES (NOTE 16)
SHAREHOLDERS’ EQUITY    
Class A Ordinary shares, $0.01 par value, 350,000,000 shares authorized, 6,724,675 shares issued and outstanding; $0.01 par value, 350,000,000 shares authorized, 7,724,675 shares issued and outstanding 67,177 77,177
Class B Ordinary shares, $0.01 par value, 100,000,000 shares authorized, 612,255 shares issued and outstanding; $0.01 par value, 100,000,000 shares authorized, 612,255 shares issued and outstanding 6,123 6,123
Preferred shares, $0.01 par value,500,000 shares authorized, 0 shares issued and outstanding
Additional paid-in capital 64,918,726 66,908,726
Statutory reserve   7,622,765
Accumulated deficit (51,257,823) (59,453,593)
Accumulated other comprehensive loss (3,056,788) (402,119)
Total Paranovus Entertainment Technology Ltd.’s shareholders’ equity 10,677,415 14,759,079
Non-controlling interests   (886,008)
Total shareholders’ equity 10,677,415 13,873,071
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 11,170,497 $ 36,340,209