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Inventories, Net | 9 Months Ended
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Dec. 31, 2024
Inventories, Net [Abstract] |
INVENTORIES, NET | 3 — INVENTORIES, NET Inventories, net consisted of the following:
|  | December 31, 2024 |  |  | March 31, 2024 |
Batteries |  | $ | 2,893,576 |  |  | $ | 1,009,228 |
Electric Vehicles |  |  | 4,665,639 |  |  |  | 2,634,643 |
Tires |  |  | 608,145 |  |  |  | 687,927 |
Accessories |  |  | 1,374,298 |  |  |  | 1,546,283 |
Inventories |  |  | 9,541,658 |  |  |  | 5,878,081 |
Inventory reserves |  |  | (936,030 | ) |  |  | (514,021 | )
Inventories, net |  | $ | 8,605,628 |  |  | $ | 5,364,060 |
Movements of inventory reserves are as follows:
|  | December 31, 2024 |  |  | December 31, 2023 |
Beginning balance |  | $ | 514,021 |  |  | $ | 431,363 |
Addition |  |  | 678,157 |  |  |  | 287,946 |
Write off |  |  | (256,147 | ) |  |  | (316,278 | )
Ending Balance |  | $ | 936,030 |  |  | $ | 403,031 |
As of December 31, 2024 and March 31, 2024, the inventory allowance balance was $936,030 and $514,021, respectively. For the three months ended December 31, 2024 and 2023, the impairment loss was $347,333 and $128,095, respectively. For the nine months ended December 31, 2024 and 2023, the impairment loss was $678,157 and $287,946, respectively.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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- References No definition available. + Details
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