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Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss including non controlling interest $ (70,283,749) $ (35,188,253)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 673,721 780,853
Stock based compensation 46,977,256 3,526,209
Deferred income taxes (223,516) 79,094
Unrealised foreign exchange loss/(profit) 101,374 (28,884)
Fair value losses in financial instruments carried at fair value 18,249,009 23,590,000
Expected credit loss (net of reversal) (112,451) 171,946
Balances written off/(back) (3,200,441) (1,609)
Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions:    
Inventories (20,836) (73,732)
Income taxes, net   19,297
Accounts receivables, net 380,405 4,352,472
Prepayments and other assets 2,018,036 (30,343,651)
Accounts payable and accrued expenses and other current liabilities (1,554,615) 19,106,908
Other liabilities (4,255,358) (1,118,459)
Net cash used in operating activities (11,251,165) (15,127,809)
Cash flows from investing activities    
Purchase of property and equipment, intangible assets and goodwill 39,443 (136,220)
Acquisition of businesses   (5,748,000)
Proceeds from sale of mutual fund 193,606  
Proceeds from forward purchase agreement 1,000,000  
Net cash used in investing activities 1,233,049 (5,884,220)
Cash flows from financing activities    
Proceeds from business combination   32,770
Proceeds from issue of preferred stock   6,079,409
Proceeds from long-term borrowings   2,805,418
Repayments of long-term borrowings   (569,207)
Net proceeds/(payments) from short-term borrowings 4,460,327 9,218,689
Net cash generated from financing activities 4,460,327 17,567,079
Effect of exchange rate changes on cash and cash equivalents 2,368 56,372
Net (decrease)/increase in cash and cash equivalents (including restricted cash) (5,555,421) (3,388,578)
Cash acquired in business combination 0 11,252,547
Cash and cash equivalents at the beginning of the period (including restricted cash) 11,565,088 1,131,830
Cash and cash equivalents at the end of the period (including restricted cash) $ 6,009,667 $ 8,995,799