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Notes Payable | 12 Months Ended
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Mar. 31, 2025
Notes Payable [Abstract] |
NOTES PAYABLE | Note 12 - NOTES PAYABLE The Company has credit facilities with Hangzhou United Bank (“HUB”) that provided working capital in the form of the following bank acceptance notes. Usually, the Company applies to issue a note, which is guaranteed by the bank, to its supplier to pay off its debt in a future date. Before the payment date, the bank will ask the Company to inject cash into the bank. On the payment date, the bank will pay the amount to whoever legally holds the note. As of at March 31, 2025 and March 31, 2024, the balances of notes payable are as follow:
Beneficiary(1) |  | Endorser |  | Origination date |  | Maturity date |  | March 31, 2025 |  |  | March 31, 2024 |
Jiuxin Medicine |  | HUB |  | 12/27/23 |  | 06/27/24 |  | $ | - |  |  | $ | 415,495 |
Jiuxin Medicine |  | HUB |  | 12/28/23 |  | 06/28/24 |  |  | - |  |  |  | 1,689,726 |
Jiuxin Medicine |  | HUB |  | 01/11/24 |  | 07/11/24 |  |  | - |  |  |  | 3,234,494 |
Jiuxin Medicine |  | HUB |  | 02/06/24 |  | 08/06/24 |  |  | - |  |  |  | 186,973 |
Jiuxin Medicine |  | HUB |  | 03/15/24 |  | 09/15/24 |  |  | - |  |  |  | 415,495 |
Jiuxin Medicine |  | HUB |  | 03/28/24 |  | 09/28/24 |  |  | - |  |  |  | 293,080 |
Jiuxin Medicine |  | HUB |  | 03/29/24 |  | 09/29/24 |  |  | - |  |  |  | 359,179 |
Allright |  | HUB |  | 12/20/24 |  | 06/20/25 |  |  | 3,716,533 |  |  |  | - |
Allright |  | HUB |  | 01/02/25 |  | 07/02/25 |  |  | 551,215 |  |  |  |  |
Allright |  | HUB |  | 01/13/25 |  | 07/13/25 |  |  | 92,235 |  |  |  | - |
Allright |  | HUB |  | 01/14/25 |  | 07/14/25 |  |  | 51,835 |  |  |  | - |
Allright |  | HUB |  | 01/26/25 |  | 07/26/25 |  |  | 136,568 |  |  |  | - |
Jiuxin Medicine |  | HUB |  | 12/11/24 |  | 06/11/25 |  |  | 2,692,363 |  |  |  |  |
Jiuxin Medicine |  | HUB |  | 12/20/24 |  | 06/20/25 |  |  | 3,145,863 |  |  |  | - |
Total |  |  |  |  |  |  |  | $ | 10,386,612 |  |  | $ | 6,594,442 |
(1) | As of March 31, 2025, the Company had $10,386,612 (RMB75,372,524) of notes payable from HUB. The Company is required to hold restricted cash in the amount of $5,761,294 (RMB41,807,982 ) with HUB as collateral against these bank notes. Included in the restricted cash is a total of $3,775,821 three-year deposit (RMB27,400,000) deposited into HUB as a collateral for current and future notes payable from HUB. As of March 31, 2024, the Company had $6,594,442 (RMB47,613,849) of notes payable from HUB. The Company is required to hold restricted cash in the amount of $1,978,333 (RMB 14,284,155 ) with HUB as collateral against these bank notes.
As of March 31, 2025, the Company had a credit line of approximately $5.51 million in the aggregate from HUB. By putting up a three-year deposit of $3.78 million and the restricted cash of $1.99 million deposited in the banks, the total credit line was $11.28 million. As of March 31, 2025, the Company had approximately $10.39 million of bank notes payable and approximately $0.89 million bank credit line was still available for further borrowing.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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