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Prepayments and Other Receivables | 9 Months Ended
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Dec. 31, 2024
Prepayments and Other Receivables [Abstract] |
PREPAYMENTS AND OTHER RECEIVABLES | 4 — PREPAYMENTS AND OTHER RECEIVABLES Prepayments and other current assets as of December 31, 2024 and March 31, 2024 consisted of the following:
|  | December 31, 2024 |  |  | March 31, 2024 |
Prepaid rent |  | $ | 70,766 |  |  | $ | 179,792 |
Prepayments to vendors |  |  | 1,580,417 |  |  |  | 143,018 |
Prepaid iCloud Server |  |  | — |  |  |  | 1,747 |
Prepaid insurance |  |  | 293,294 |  |  |  | 237,207 |
Prepaid income tax |  |  | 86,705 |  |  |  | — |
Prepayments to other service providers |  |  | 275,510 |  |  |  | 26,896 |
Total Prepayment and Other Receivables |  | $ | 2,306,692 |  |  | $ | 588,660 |
As of December 31, 2024 and March 31, 2024, the prepayments to vendors were $1.6 million and $0.1 million, respectively. The increase in prepayments to vendors was primarily due to the Company’s anticipation of growth in future sales and rental services. The Company plans to purchase more E-vehicles and related accessories from oversea vendors to support the expansion in retail and rental markets. These prepayments to vendors are expected to be settled by the end of March 2025.

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