XML 48 R37.htm IDEA: XBRL DOCUMENT

Leases (Tables)

6 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Operating and Finance Lease Expenses

Operating and finance lease expenses consist of the following:

				For the Three Months Ended								For the Six Months Ended
		Classification		September 30, 2024				September 30, 2023				September 30, 2024				September 30, 2023
				(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
Operating lease cost
Automobile lease costs		Cost of revenues		$	257,317			$	544,982			$	482,030			$	1,060,856
Lease expenses		Selling, general and administrative			22,740				60,486				51,523				125,772
Finance lease cost
Amortization of leased asset		Cost of revenue			59,696				58,991				118,757				120,659
Amortization of leased asset		General and administrative			—				—				—				282
Interest on lease liabilities		Interest expenses on finance leases			4,270				7,594				9,358				16,316
Total lease expenses				$	344,023			$	672,053			$	661,668			$	1,323,885

Schedule of Company’s Minimum Lease Payments

The following table sets forth the Company’s minimum lease payments in future periods:

		Operating lease				Finance lease
		payments*				payments				Total
		(Unaudited)				(Unaudited)				(Unaudited)
Twelve months ending September 30, 2025		$	32,256			$	414,302			$	446,558
Total lease payments			32,256				414,302				446,558
Less: discount			(463	)			(8,200	)			(8,663	)
Present value of lease liabilities		$	31,793			$	406,102			$	437,895

*	As of September 30, 2024 and March 31, 2024, the outstanding balance of operating lease payments due to a related party was $31,793 and $51,741, respectively.