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Inventories
3 Months Ended
Jun. 30, 2024
Inventories [Abstract]  
INVENTORIES

NOTE 5 – INVENTORIES

 

Inventories consisted of the following:

 

   As of
June 30,
2024
(Unaudited)
   As of
March 31,
2024
 
Raw materials  $11,164,057   $14,664,823 
Work-in-progress   1,938,824    3,097,031 
Finished goods   7,624,804    9,479,719 
Total inventory  $20,727,685   $27,241,573 

 

As of June 30, 2024 and March 31, 2024, the Company had $nil inventory valuation reserve. This is because 99.9% of its inventory as of June 30, 2024 and March 31, 2024 were directly tied to actual sales orders received, leaving 0.1% of inventories on hand associated with unfulfilled sales orders for each respective period.