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Acquisitions of Subsidiaries (Tables)
 12 Months Ended
Mar. 31, 2025
Acquisitions of Subsidiaries [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed and Goodwill

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition. Goodwill as a result of the acquisition of Ridgeline International Limited is calculated as follows:

 

Total purchase considerations for 100% equity interest purchase  $3,582,250 
Fair value of assets acquired:     
Cash and cash equivalents  $837,983 
Restricted cash   3,995,456 
Trade accounts receivables   4,998,140 
Inventories   1,904,532 
Other receivables, net   30,388 
Other current assets   93,263 
Property and equipment, net   3,299 
Intangible assets, net   2,087,109 
Total assets acquired   13,950,170 
Fair value of liabilities assumed:     
Accounts payable  $6,718,157 
Notes payable   4,532,086 
Other payables   42,686 
Taxes payable   16,947 
Deferred tax liabilities   521,777 
Total liabilities assumed   11,831,653 
Total net assets acquired   2,118,517 
Goodwill as a result of the acquisition  $1,463,733 
Schedule of Statement of Income for the Period from the Date of Acquisition

The following table presents Ridgeline International Limited’s statement of income for the period from the date of acquisition through March 31, 2025.

 

   From the date
of acquisition through
March 31,
2025		 
Revenue  $3,060,280 
Operating costs and expenses   2,904,704 
Income from operations   155,576 
Other income   321 
Income tax expense   38,974 
Net income   116,923 
Schedule of Condensed Unaudited Pro Forma Operation

The pro forma results are not necessarily indicative of the actual results that would have occurred had the acquisitions been completed as of the beginning of the periods presented, nor are they necessarily indicative of future consolidated results.

 

   For the years ended March 31, 
   2025   2024   2023 
   (Unaudited)   (Unaudited)   (Unaudited) 
Revenue  $75,566,508   $86,263,951   $53,075,095 
Operating costs and expenses   72,919,515    84,815,305    66,196,848 
Income (loss) from operations   2,646,993    1,448,646    (13,121,753)
Other income (loss)   3,547    (1,412,695)   (2,263,251)
Income tax expense   218,561    (13,936)   394,541 
Net income (loss)   2,431,979    49,887    (15,779,545)