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Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Mar. 31, 2024
Current assets    
Cash $ 17,456,245 $ 17,832,991
Accounts receivable, net 14,285 7,343
Prepayments 202,472 1,000,744
Other receivables 34,020 33,745
Total current assets 17,707,022 18,874,823
Non-current assets    
Long-term investment 16,940,782 17,393,830
Property and equipment, net 45,791 54,430
Total non-current assets 16,986,573 17,448,260
TOTAL ASSETS 34,693,595 36,323,083
Current liabilities    
Taxes payable 194,069 194,559
Amounts due to a related party 58,571 52,936
Accrued expenses 1,718,692 1,214,885
Deferred revenue-current 12,039 111,630
Note due to a related party 100,115
Total current liabilities 2,083,486 1,574,010
Non-current liabilities    
Long-term loans 13,416,162 13,250,516
Total non-current liabilities 13,416,162 13,250,516
TOTAL LIABILITIES 15,499,648 14,824,526
COMMITMENTS AND CONTINGENCIES  
SHAREHOLDERS’ EQUITY    
Ordinary shares, par value $0.0002 per share, 500,000,000 shares authorized; 15,929,451 and 15,449,451 shares issued and outstanding as of September 30, 2024 and March 31, 2024, respectively 3,186 3,090
Additional paid-in capital 19,492,001 19,055,297
Statutory reserve 745,590 745,590
Retained Earning 453,320 3,389,754
Accumulated other comprehensive loss (1,500,150) (1,695,174)
TOTAL SHAREHOLDERS’ EQUITY 19,193,947 21,498,557
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 34,693,595 $ 36,323,083