$WAFU

Wah Fu Education Group Ltd

CIK:0001716770|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
REVENUE	$ 6,354,274	$ 6,186,645	$ 7,223,220
COST OF REVENUE
Cost of revenue	4,482,999	3,582,702	4,199,739
Business and sales related tax	23,175	27,048	32,514
GROSS PROFIT	1,848,100	2,576,895	2,990,967
OPERATING EXPENSES
Selling expenses	1,033,079	852,569	1,066,649
General and administrative expenses	1,670,815	2,116,788	2,164,840
Total operating expenses	2,703,894	2,969,357	3,231,489
LOSS FROM OPERATIONS	(855,794)	(392,462)	(240,522)
OTHER INCOME (EXPENSES)
Interest income	78,327	169,636	155,360
Loss from long-term investment	(15,388)	(7,206)
Other expenses	(16,037)	(42,712)	(160,808)
Total other income (expenses), net	46,902	119,718	(5,448)
LOSS BEFORE INCOME TAX PROVISION	(808,892)	(272,744)	(245,970)
PROVISION FOR INCOME TAX	121,025	100,104	130,890
NET LOSS	(929,917)	(372,848)	(376,860)
Less: net (loss) income attributable to non-controlling interest	175,619	92,451	(321,572)
NET LOSS ATTRIBUTABLE TO WAH FU EDUCATION GROUP LIMITED	(1,105,536)	(465,299)	(55,288)
COMPREHENSIVE (LOSS) INCOME
Net loss	(929,917)	(372,848)	(376,860)
Other comprehensive (loss) income: foreign currency translation	446,525	(31,715)	(493,887)
Total comprehensive loss	(483,392)	(404,563)	(870,747)
Less: Comprehensive income (loss) attributable to non-controlling interest	195,884	(43,989)	2,370
COMPREHENSIVE LOSS ATTRIBUTABLE TO WAH FU EDUCATION GROUP LIMITED	$ (679,275)	$ (360,574)	$ (873,117)
(Loss) earnings per Ordinary share - basic and diluted
Ordinary share, basic (in Dollars per share)	$ (0.25)	$ (0.11)	$ (0.01)
Ordinary share, diluted (in Dollars per share)	$ (0.25)	$ (0.11)	$ (0.01)
Weighted average shares outstanding - basic and diluted
Ordinary shares, basic (in Shares)	2,922,559	4,084,422	4,429,195
Ordinary shares, diluted (in Shares)	2,922,559	4,084,422	4,429,195
Class A
(Loss) earnings per Ordinary share - basic and diluted
Ordinary share, basic (in Dollars per share)	$ (0.25)	$ (0.11)
Ordinary share, diluted (in Dollars per share)	$ (0.25)	$ (0.11)
Weighted average shares outstanding - basic and diluted
Ordinary shares, basic (in Shares)	1,488,000	326,137
Ordinary shares, diluted (in Shares)	1,488,000	326,137

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net (Loss) Income	$ (929,917)	$ (372,848)	$ (376,860)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	61,257	89,441	124,031
Amortization of right-of-use assets	82,186	235,161	222,758
Loss (gain) from disposal of property and equipment	774	534	(2,195)
Provision for doubtful accounts	128,948	128,929	446,452
Loss from long-term investments	15,388
Interest income	(46,914)	(48,009)	(48,357)
Deferred tax expense	103,970	9	94,498
Changes in operating assets and liabilities:
Accounts receivable	(271,014)	159,161	(733,684)
Other receivable	115,438	(773,358)	37,876
Other current assets	14,232	133	(29,767)
Deferred revenue	(624,894)	(173,469)	(190,505)
Taxes payable	(6,296)	48,891	(96,023)
Other payable	(67,357)	46,303	57,253
Operating lease liabilities	(63,092)	(234,872)	(252,785)
Accounts payable and accrued expenses	95,714	(71,598)	(20,002)
Net cash (used in) provided by operating activities	(1,391,577)	(965,592)	(767,310)
Cash flows from investing activities:
Purchase of property and equipment	(50,794)	(10,876)	(95,020)
Proceeds from loans to third parties	4,562,153
Proceeds from disposal of property and equipment		249	3,106
Payments made for loans to third parties	(4,533,991)
Purchase of long-term investment			(139,526)
Net cash (used in) provided by investing activities	(22,632)	(10,627)	(231,440)
Cash flows from financing activities:
Advance from related parties	20,017	64,083
Repayment to related parties	(144,914)	(15,939)
Proceeds from issuance of class A shares		14,880
Net cash provided by financing activities	(124,897)	63,024
Effect of exchange (loss) gain on cash	432,003	(1,121)	(523,005)
Net increase (decrease) in cash	(1,107,103)	(914,316)	(1,521,755)
Cash at beginning of the year	10,131,392	11,045,708	12,567,463
Cash at end of the year	9,024,289	10,131,392	11,045,708
Supplemental cash flow information
Cash paid for income taxes	15,228	55,554	34,327
Non-cash investing activities
Right of use assets obtained in exchange for operating lease obligations	$ 110,498	$ 34,420	$ 203,714

Consolidated Balance Sheets - USD ($)	Mar. 31, 2026	Mar. 31, 2025
CURRENT ASSETS:
Cash	$ 9,024,289	$ 10,131,392
Accounts receivable, net	901,296	717,709
Other receivables, net	890,876	966,687
Loan to third parties, current	0	522,335
Loan to related parties	1,820,193	1,795,024
Other current assets	85,231	94,948
TOTAL CURRENT ASSETS	12,721,885	14,228,095
Loan to third parties, noncurrent	788,083	224,588
Property and equipment, net	421,577	411,736
Long-term investments	129,127	137,804
Operating lease right-of-use assets	177,014	140,556
Long-term rent deposit	40,350	44,228
Deferred tax assets, net	167,793	261,251
TOTAL ASSETS	14,445,829	15,448,258
CURRENT LIABILITIES:
Due to related parties	367,077	478,278
Deferred revenue	1,078,552	1,636,802
Operating lease liabilities, current	114,954	117,711
Taxes payable	1,059,563	1,013,350
Other payables	40,815	107,013
Accrued expenses and other liabilities	277,817	156,756
Accounts payable	147,909	154,256
TOTAL CURRENT LIABILITIES	3,086,687	3,664,166
Operating lease liabilities, noncurrent	72,981	14,539
TOTAL LIABILITIES	3,159,668	3,678,705
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Additional paid-in capital	5,139,116	5,139,116
Statutory reserve	867,530	867,530
Retained earnings	4,791,719	5,897,255
Accumulated other comprehensive loss	(810,113)	(1,236,374)
Total Wah Fu shareholders’ equity	10,032,358	10,711,633
Non-controlling interest	1,253,803	1,057,920
TOTAL SHAREHOLDERS’ EQUITY	11,286,161	11,769,553
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	14,445,829	15,448,258
Ordinary Shares
SHAREHOLDERS’ EQUITY
Ordinary shares value	29,226	29,226
Class A Ordinary Shares
SHAREHOLDERS’ EQUITY
Ordinary shares value	$ 14,880	$ 14,880