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Leases (Tables) | 3 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Schedule of Supplemental Balance Sheet Information Related to Operating Leases | Supplemental balance sheet information related to operating leases was as follows:
|  | As of June 30, 2024 (Unaudited) |  |  | As of March 31, 2024 |
Operating lease right of use assets |  | $ | 1,177,242 |  |  | $ | 1,259,395 |
Operating lease liabilities – current |  | $ | 288,768 |  |  | $ | 370,802 |
Operating lease liabilities – non-current |  |  | 592,122 |  |  |  | 618,302 |
Total operating lease liabilities |  | $ | 880,890 |  |  | $ | 989,104 |
Schedule of Remaining Lease Terms and Discount Rate | Remaining lease term and discount rate:
|  | For the period ended |
|  | June 30, 2024 (Unaudited) |  |  | March 31, 2024 |
Weighted average remaining lease term (years) |  |  | 2.3 |  |  |  | 2.4 |
Weighted average discount rate |  |  | 6.10 | % |  |  | 6.10 | %
Schedule of Maturities of Lease Liabilities | The following is a schedule, by fiscal years, of maturities of lease liabilities as of June 30, 2024:
2025 |  | $ | 461,972 |
2026 |  |  | 510,407 |
2027 |  |  | 281,433 |
2028 |  |  | 9,282 |
2029 |  |  | — |
Thereafter |  |  | — |
Total lease payments |  |  | 1,263,094 |
Less: imputed interest |  |  | (85,852 | )
Less: prepayments |  |  | (296,352 | )
Present value of lease liabilities |  | $ | 880,890 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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