XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flow - USD ($)
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss including non controlling interest $ (35,188,253) $ (10,086,470)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 780,853 772,259
Stock based compensation 3,526,209  
Deferred income taxes 79,094 (89,509)
Unrealised foreign exchange loss/(profit) (28,884) (4,672)
Fair value losses in financial instruments carried at fair value 23,590,000 5,026,894
Expected credit loss allowance 171,946  
Lease equalisation reserve 0 (9,715)
Balances written off/(back) (1,609) 0
Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions:    
Inventories (73,732) (9,149)
Income taxes, net 19,297 (47,545)
Accounts receivables, net 4,352,472 169,205
Prepayments and other assets (30,343,651) (627,470)
Accounts payable and accrued expenses and other current liabilities 19,106,908 (163,364)
Other liabilities (1,118,459) 412,803
Net cash used in operating activities (15,127,809) (4,656,733)
Cash flows from investing activities    
Purchase of property and equipment, intangible assets and goodwill (136,220) (711,706)
Acquisition of business (5,748,000) 0
Net cash used in investing activities (5,884,220) (711,706)
Cash flows from financing activities:    
Proceeds from business combination 32,770  
Proceeds from issue of preferred stock 6,079,409 0
Proceeds from long-term borrowings 2,805,418 2,164,728
Repayments of long-term borrowings (569,207) (243,406)
Net proceeds/(payments) from short-term borrowings 9,218,689 3,700,604
Net cash generated from financing activities 17,567,079 5,621,926
Effect of exchange rate changes on cash and cash equivalents 56,372 (26,055)
Net (decrease)/increase in cash and cash equivalents (including restricted cash) (3,388,578) 227,432
Cash acquired in business combination 11,252,547 0
Cash and cash equivalents at the beginning of the period (including restricted cash) 1,131,830 1,086,418
Cash and cash equivalents at the end of the period (including restricted cash) 8,995,799 1,313,850
Reconciliation of cash and cash equivalents    
Cash and cash equivalents 8,109,694 1,153,240
Restricted cash 886,105 160,610
Total cash and cash equivalents 8,995,799 1,313,850
Supplemental Cash Flow Information [Abstract]    
Cash paid for interest, net of amounts capitalized 378,064 145,061
Cash paid for income taxes, net of refunds 83,680 133,875
Non-cash investing and financing activities    
Convertible preferred stock issued on conversion of convertible notes 0 10,141,462
Consideration payable in connection with acquisitions 1,854,732 611,204
Interest accrued on borrowings $ 157,649 $ 0