v3.26.1
Discontinued Operations
 3 Months Ended
Jun. 30, 2026
Discontinued Operations [Abstract]  
DISCONTINUED OPERATIONS

4. DISCONTINUED OPERATIONS

 

Discontinued operations - Automobile Transaction related Services in Sichuan

 

Since December 2025, the Company has discontinued its automobile transaction related services in Sichuan.

 

The following table sets forth the reconciliation of the amounts of major classes of income and losses from discontinued operations of automobile transaction related services in Sichuan in the unaudited condensed consolidated statements of operations and comprehensive loss for the three months ended June 30, 2026 and 2025.

 

    For the Three Months Ended
June 30,		  
    2026     2025  
    (unaudited)     (unaudited)  
Revenues   $ —     $ 432,401  
Cost of revenues     —       (317,313 )
Gross profit     —       115,088  
Operating expenses     —          
Selling, general and administrative expenses     —       (307,416 )
Total operating expenses     —       (307,416 )
Loss from operations     —       (192,328 )
Other income, net     —       229,198  
Interest expense on finance leases     —       (615 )
Income before income taxes     —       36,255  
Income tax expenses     —       —  
Net income from discontinued operations   $ —     $ 36,255  

 

 

Reconciliation of the amount of cash flows from discontinued operations in the unaudited condensed consolidated statements of cash flows for the three months ended June 30, 2026 and 2025 are as follows:

 

    For the Three Months Ended
June 30,		  
    2026     2025  
    (Unaudited)     (Unaudited)  
Net cash used in operating activities from discontinued operations   $ —     $ (141,357 )
                 
Net cash used in investing activities from discontinued operations   $ —     $ (385 )
                 
Net cash provided by financing activities from discontinued operations   $ —     $ 52,124