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Advances to Suppliers

12 Months Ended

Mar. 31, 2024

Advances to Suppliers [Abstract]

ADVANCES TO SUPPLIERS

Note 8 – ADVANCES TO SUPPLIERS

Advances to suppliers consist of deposits, with or advances to, outside vendors for future inventory purchases. Most of the Company’s suppliers require a certain amount of money to be deposited with them as a guarantee that the Company will receive its purchase on a timely basis. This amount is refundable and bears no interest. As of March 31, 2024 and March 31, 2023, advance to suppliers consist of the following:

		March 31, 2024				March 31, 2023
Advance to suppliers		$	1,177,399			$	362,047
Less: reserve for vendor non-performance on advances			(262,623	)			(219,630	)
Advance to suppliers, net		$	914,776			$	142,417

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The entire disclosure for advances to suppliers consist of deposits with or advances to outside vendors for future inventory purchases.

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