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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:      
Net loss $ (9,927,324) $ (72,187,116) $ (54,020,081)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation and amortization 381,126 58,751 34,610
Goodwill impairment 1,807,850 0 0
Loss on disposal of equipment 0 87,122 0
Share-based compensation 0 0 1,086,231
Gain on disposal of discontinued operations (7,547,428) (3,039,676) 0
Changes in operating assets and liabilities:      
Accounts receivable (11,360) 13,516 (13,516)
Inventories 0 344,479 (344,479)
Prepaid expenses and other current assets (588,607) 1,034,655 (4,342,157)
Prepaid assets 0 310,859 (311,111)
Other payables and accrued liabilities (557,791) (2,180,921) 2,904,231
Taxes payable 0 4,712 4,275
Net cash used in operating activities from continuing operations (16,443,534) (75,553,620) (55,001,997)
Net cash provided by operating activities from discontinued operations 4,568,288 72,586,577 44,503,488
Net cash used in operating activities (11,875,246) (2,967,042) (10,498,509)
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment 0 0 (273,650)
Proceeds from disposal of discontinued operations 11,698,379 0 0
Net cash provided by (used in) investing activities from continuing operations 11,698,379 0 (273,650)
Net cash provided by (used in) investing activities from discontinued operations 0 89,322 (8,205,471)
Net cash provided by (used in) investing activities 11,698,379 89,322 (8,479,121)
Cash Flows from Financing Activities:      
Ordinary shares issued for cash 0 3,000,000 18,877,600
Net cash provided by financing activities from continuing operations 0 3,000,000 18,877,600
Net cash provided by (used in) financing activities from discontinued operations 0 145,524 (46,814)
Net cash provided by financing activities 0 3,145,524 18,830,786
Effect of exchange rate changes on cash and cash equivalents (928,253) 1,477,741 95,575
Net (decrease) increase in cash and cash equivalents (1,105,120) 1,745,545 (51,269)
Cash and cash equivalents of continuing operations - beginning of year 2,049,362 303,817 355,086
Cash and cash equivalents of discontinued operations - beginning of year 1,306,125 19,429,814 36,203,666
Cash and cash equivalents - beginning of year 3,355,487 19,733,631 36,558,752
Cash and cash equivalents - end of year 944,242 3,355,487 19,733,631
Less cash and cash equivalents of discontinued operations - end of year 0 1,306,125 19,429,814
Cash and cash equivalents of continuing operations - end of year 944,242 2,049,362 303,817
Supplemental disclosures of cash flows information:      
Cash paid for income taxes 90,742 0 0
Cash paid for interest expense 29,298 0 0
Supplemental schedule of non-cash investing and financing activities      
Ordinary shares issued for cash $ 0 $ 3,000,000 $ 0