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Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Mar. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 12,779,781 $ 2,297,256
Restricted cash 5,761,294 1,988,710
Trade accounts receivables 27,811,813 6,014,511
Inventories 9,758,071 9,076,734
Other receivables, net 2,419,671 218,765
Advances to suppliers 433,140 182,075
Other current assets 745,477
Current assets of discontinued operations 49,884,574
Total current assets 59,709,247 69,682,362
NON-CURRENT ASSETS    
Property and equipment, net 8,931 8,377
Intangible assets, net 3,302,961 1,276,737
Goodwill 1,463,733
Non-current assets of discontinued operations 24,089,614
Total non-current assets 4,775,625 25,374,728
Total assets 64,484,872 95,057,090
CURRENT LIABILITIES    
Accounts payable 19,666,664 30,576,909
Notes payable 10,386,612 6,594,442
Other payables 2,319,139 592,876
Customer deposits 264,068 174,138
Taxes payable 1,521,546 543,081
Accrued liabilities 196,210 197,199
Current liabilities of discontinued operations 35,679,310
Total current liabilities 34,356,369 74,360,095
NON-CURRENT LIABILITIES    
Deferred tax liabilities 492,121
Non-current liabilities of discontinued operations 6,403,858
Total non-current liabilities 492,121 6,403,858
Total liabilities 34,848,490 80,763,953
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Ordinary shares; $0.24 par value; 36,000,000,000 shares authorized; 5,855,009 and 1,743,362 shares issued and outstanding as of March 31, 2025 and 2024, respectively 1,405,202 418,407
Preferred shares; $0.001 par value; 10,000,000 shares authorized; nil issued and outstanding as of March 31, 2025 and 2024
Additional paid-in capital 91,743,163 86,413,978
Statutory reserves 1,309,109
Accumulated deficit (63,312,779) (73,507,246)
Accumulated other comprehensive income (199,204) 1,005,762
Total shareholders’ equity attributed to Ridgetech 29,636,382 15,640,010
Noncontrolling interests (1,346,873)
Total shareholders’ equity 29,636,382 14,293,137
Total liabilities and shareholders’ equity 64,484,872 95,057,090
Related Party    
CURRENT ASSETS    
Due from related parties 19,737
CURRENT LIABILITIES    
Due to related parties $ 2,130 $ 2,140