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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2024
Mar. 31, 2023
Current assets    
Cash and cash equivalents $ 944,242 $ 2,049,362
Accounts receivable 11,360 0
Prepaid expenses and other current assets 1,896,109 3,307,502
Current assets from discontinued operations - disposal 0 4,429,107
Total current assets 2,851,711 9,785,971
Property, plant and equipment, net 12,596 13,470
Intangible assets, net 1,488,333 1,868,333
Goodwill 3,376,186 5,184,036
Prepaid assets 0 252
Non-current assets from discontinued operations - disposal 0 19,488,147
Total non-current assets 4,877,115 26,554,238
TOTAL ASSETS 7,728,826 36,340,209
Current liabilities    
Other payables and accrued liabilities 2,560,381 723,310
Taxes payable 0 8,987
Current liabilities from discontinued operations - disposal 0 20,220,781
Total current liabilities 2,560,381 20,953,078
Non-current liabilities from discontinued operations - disposal 0 1,514,060
Total non-current liability 0 1,514,060
TOTAL LIABILITIES 2,560,381 22,467,138
SHAREHOLDERS' EQUITY    
Preferred shares, $0.01 par value,500,000 shares authorized, 0 shares issued and outstanding 0 0
Additional paid-in capital 64,918,726 66,908,726
Statutory reserve 0 7,622,765
Accumulated deficit (61,957,019) (59,453,593)
Accumulated other comprehensive income (loss) 2,545,619 (402,119)
Total Paranovus Entertainment Technology Ltd.'s shareholders' equity 5,580,626 14,759,079
Non-controlling interests (412,181) (886,008)
Total shareholders' equity 5,168,445 13,873,071
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 7,728,826 36,340,209
Class A Ordinary Shares    
SHAREHOLDERS' EQUITY    
Ordinary shares 67,177 77,177
Class B Ordinary [Shares]    
SHAREHOLDERS' EQUITY    
Ordinary shares $ 6,123 $ 6,123