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Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

Sep. 30, 2024

Accrued Expenses and Other Liabilities [Abstract]

Schedule of Accrued Expenses and Other Liabilities

		September 30,				March 31,
		2024				2024
		(Unaudited)
Accrued payroll and welfare		$	1,484,600			$	1,221,294
Payables to drivers from aggregation platforms (i)			791,753				521,439
Deposits (ii)			669,941				668,172
Accrued expenses (iii)			477,010				423,420
Other taxes payable			118,178				90,256
Payables for expenditures on automobile transaction and related services			9,824				9,768
Other payables			37,174				42,190
Total accrued expenses and other liabilities		$	3,588,480			$	2,976,539

(i) Payables to drivers from aggregation platforms

The balance of payables to drivers from aggregation platforms represented the amount the Company collected on behalf of drivers who completed their transaction through the Company’s online ride-hailing platform base on the confirmed billings. 

(ii) Deposits

The balance of deposits represented the security deposit from operating and finance lease customers to cover lease payment and related automobile expense in case the customers’ accounts are in default. The balance is refundable at the end of the lease term, after deducting any missed lease payment and applicable fee.

(iii) Accrued expenses

The balance of accrued expenses represented the unbilled or payable balances to the expenses related to the daily operations of automobiles and services fees to professional institutions.

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- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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