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Property and equipment, net
12 Months Ended
Mar. 31, 2023
Property and equipment, net  
Property and equipment, net

11.

Property and equipment, net

Property and equipment consisted of the following:

As of March 31,

2023

2022

Server hardware

    

$

20,050,414

    

$

21,703,857

Vehicles

 

211,946

 

229,424

 

20,262,360

 

21,933,281

Less: accumulated depreciation

 

(14,420,101)

 

(11,234,271)

Impairment

(5,760,944)

Property and equipment, net

$

81,315

$

10,699,010

The impairment loss to property and equipment for the year ended March 31, 2023 and March 31, 2022 were $5,749,384 and $0, respectively.

Addition to property and equipment for the year ended March 31, 2023 and March 31, 2022 were $0 and $775,594, respectively. Disposal of property and equipment for the year ended March 31, 2023 and March 31, 2022 were $0 and $59,754, respectively.

Depreciation expenses were $4,033,569 and $4,185,532 for the years ended March 31, 2023 and 2022, respectively.