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DISCONTINUED OPERATIONS (Tables)
6 Months Ended
Sep. 30, 2025
DISCONTINUED OPERATIONS  
Schedule of gain resulting from the above-mentioned dispositions

 

 

For the year

ended

March 31,

2025

 

Consideration

 

$1,280

 

 

 

 

 

 

Cash and cash equivalents

 

 

86,954

 

Accounts receivable, net

 

 

11,297

 

Prepaid expenses and other current assets

 

 

830,120

 

Property, plant and equipment, net

 

 

11,974

 

Long-term investment

 

 

1,812,920

 

Other payables and accrued liabilities

 

 

(2,783,388 )

 

 

 

 

 

Net assets of discontinued operations

 

 

(30,123 )

Non-controlling interest of discontinued operations

 

$409,875

 

Foreign exchange gain or losses

 

 

(11,249 )

Less: net assets of discontinued operations contributable to the Company

 

 

368,503

 

Loss on disposal of discontinued operations

 

$(367,223 )

 

 

March 31,

2024

 

Current assets for discontinued operations

 

 

 

Cash and cash equivalents

 

$602,463

 

Accounts receivable, net

 

 

11,360

 

Prepaid expenses and other current assets

 

 

394,458

 

Total

 

$1,008,281

 

 

 

 

 

 

Non-current assets for discontinued operations

 

 

 

 

Property, plant and equipment, net

 

$12,596

 

Total

 

$12,596

 

 

 

 

 

 

Total assets

 

$1,020,877

 

 

 

 

 

 

Current liabilities for discontinued operations

 

 

 

 

Other payables and accrued liabilities

 

$114,306

 

Total

 

$114,306

 

 

 

 

 

 

Total liabilities

 

$114,306

 

Schedule of operating results from discontinued operations

 

 

For the years ended March 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Major classes of line items constituting net loss of discontinued operations

 

 

 

 

 

 

 

 

 

Revenues

 

$-

 

 

$26,408,122

 

 

$98,152,825

 

Cost of revenues

 

 

(15 )

 

 

(25,148,902 )

 

 

(93,098,463 )

Selling and marketing

 

 

(905,694 )

 

 

(12,258,710 )

 

 

(53,790,207 )

General and administrative

 

 

(29,774 )

 

 

(1,900,701 )

 

 

(6,386,621 )

Research and development

 

 

-

 

 

 

(190,575 )

 

 

(1,397,118 )

Goodwill impairment

 

 

-

 

 

 

-

 

 

 

(7,872,696 )

Other expense that are not major

 

 

(76 )

 

 

(190,421 )

 

 

(57,880 )

Loss from discontinued operations, before income tax

 

 

(935,559 )

 

 

(13,281,187 )

 

 

(64,450,160 )

Income tax benefit (expense)

 

 

-

 

 

 

95,630

 

 

 

(3,457,080 )

Loss from discontinued operations, net of income tax

 

 

(935,559 )

 

 

(13,185,557 )

 

 

(67,907,240 )

(Loss) gain on disposal of discontinued operations

 

 

(367,223 )

 

 

7,547,428

 

 

 

-

 

Net loss from discontinued operations, net of income tax

 

$(1,302,782 )

 

$(5,638,129 )

 

$(67,907,240 )