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Property and Equipment, Net
 6 Months Ended
Sep. 30, 2024
Property and Equipment, Net [Abstract]  
PROPERTY AND EQUIPMENT, NET

7. PROPERTY AND EQUIPMENT, NET

 

Property and equipment as of September 30, 2024 and March 31, 2024 consist of the following:

 

   September 30,   March 31, 
   2024   2024 
   (Unaudited)     
Leasehold improvements  $179,300   $174,266 
Computer equipment   26,635    13,291 
Office equipment, fixtures and furniture   68,835    77,898 
Automobiles   4,601,790    4,707,663 
Subtotal   4,876,560    4,973,118 
Less: accumulated depreciation and amortization   (2,694,485)   (2,297,861)
Total property and equipment, net  $2,182,075   $2,675,257 

 

Depreciation expense for the three and six months ended September 30, 2024 were amounted to $228,626 and $463,441, respectively.

 

Depreciation and amortization expense for the three and six months ended September 30, 2023 were amounted to $221,891 and $455,058, respectively.