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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY - USD ($)
Total
Additional paid-in capital
Retained Earnings (Accumulated Deficit)
Accumulated other comprehensive loss
Noncontrolling Interest
Class A, Ordinary
Class B, Ordinary
Statutory Surplus Reserve
Paranovus Entertainment Technology Ltd shareholders Equity
Balance, shares at Mar. 31, 2021           30,481,580      
Balance, amount at Mar. 31, 2021 $ 97,637,056 $ 26,545,384 $ 61,475,891 $ (913,621) $ 2,891,396 $ 15,241 $ 0 $ 7,622,765 $ 94,745,660
Ordinary shares issued for cash, shares           32,940,000      
Ordinary shares issued for cash, amount 18,877,600 18,861,130 0 0 0 $ 16,470 0 0 18,877,600
Ordinary shares issued for services, shares           1,478,103      
Ordinary shares issued for services, amount 1,086,231 1,085,492 0 0 0 $ 739 0 0 1,086,231
Business acquisition(Note 12), shares           14,200,000      
Business acquisition(Note 12), amount 11,310,540 7,379,220 0 0 3,924,220 $ 7,100 $ 0 0 7,386,320
Conversion of Class A Ordinary shares into Class B Ordinary shares, shares           (12,095,100) 12,095,100    
Conversion of Class A Ordinary shares into Class B Ordinary shares, amount 0 0 0 0 0 $ (6,048) $ 6,048 0 0
Net income (loss) (54,020,081) 0 (49,190,610) 0 (4,829,471) 0 0 0 (49,190,610)
Foreign currency translation adjustments 2,523,258 0 0 5,220,157 (2,696,899) 0 0 0 5,220,157
Balance, amount at Mar. 31, 2022 77,414,604 53,871,226 12,285,281 4,306,536 (710,754) $ 33,502 $ 6,048 7,622,765 78,125,358
Balance, shares at Mar. 31, 2022           67,004,583 12,095,100    
Ordinary shares issued for cash, shares           3,000,000      
Ordinary shares issued for cash, amount 6,000,000 5,970,000 0 0 0 $ 30,000 $ 0 0 6,000,000
Business acquisition(Note 12), shares           1,375,000      
Business acquisition(Note 12), amount 7,081,250 7,067,500 0 0 0 $ 13,750 0 0 7,081,250
Net income (loss) (72,187,116) 0 (71,738,874) 0 (448,242) 0 0 0 (71,738,874)
Foreign currency translation adjustments (4,435,667) 0   (4,708,655) 272,988 $ 0 $ 0 0 (4,708,655)
Share consolidation, shares           (63,504,908) (11,632,845)    
Share consolidation, amount 0 0 0 0 0   $ 0 0 0
Convention of Class A Ordinary shares into Class B Ordinary shares, shares           (150,000) 150,000    
Convention of Class A Ordinary shares into Class B Ordinary shares, amount 0 0 0 0 0 $ (75) $ 75 0 0
Balance, amount at Mar. 31, 2023 13,873,071 66,908,726 (59,453,593) (402,119) (886,008) $ 77,177 $ 6,123 7,622,765 14,759,079
Balance, shares at Mar. 31, 2023           7,724,675 612,255    
Net income (loss) 3,757,255 0 3,558,388 0 198,867 $ 0 $ 0 0 3,558,388
Foreign currency translation adjustments 3,222,698 0 0 2,947,738 274,960 $ 0 0 0 2,947,738
Share cancellation, shares           (1,000,000)      
Share cancellation, amount (2,000,000) (1,990,000) 0 0 0 $ (10,000) 0 0 (2,000,000)
Discontinued operations - disposal (13,684,579) 0 (6,061,814) 0 0 0 0 (7,622,765) (13,684,579)
Balance, amount at Mar. 31, 2024 $ 5,168,445 $ 64,918,726 $ (61,957,019) $ 2,545,619 $ (412,181) $ 67,177 $ 6,123 $ 0 $ 5,580,626
Balance, shares at Mar. 31, 2024           6,724,675 612,255