Other income (expenses), net (Tables)

12 Months Ended

Mar. 31, 2023

Other income (expenses), net

Schedule of other income expense net

	For the years ended March 31,
	2023		2022		2021
Waiver of rental fee payable(1)	$	157,757	$	246,551	$	—
Loss on disposals of property and equipment		—		(54,512)		—
Other income (expenses), net		(11,929)		(10,222)		(8,553)
Total	$	145,828	$	181,817	$	(8,553)

(1) Wuxi Huichuang Technology Development Co., Ltd. (“the Lessor”) is a unrelated and state-owned enterprise. The Company and the Lessor signed rental agreement every year. Due to the successful IPO on NASDAQ as well as the impact of COVID 19 and to support local enterprises, in June 2021, the Lessor entered into an agreement with the Company to waive the rental fee payable from June 1, 2018 to May 31, 2019, June 1, 2019 to May 31, 2020, and June 1, 2020 to May 31, 2021, respectively, with a total amount of $246,551 for the year ended 2022.

Wuxi Huiying Technology Development Co., Ltd. (“Huiying” or “the Lessor”) is a unrelated and state-owned enterprise. On June 1, 2021, the property right of rental place was transferred from Huichuang to Huiying, and Huiying accepted all the rights and obligation from Huichuang as to this rent, especially the frequency of the sign, and the subsidy offered. The Lessor waived the rental fee payable from June 1, 2021 to May 31, 2023, with total amount of $157,757 for the year ended 2023.