$RDGT
Ridgetech Inc.
CIK:0001856084|SEC Filings
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) |
12 Months Ended | ||||
|---|---|---|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
Mar. 31, 2024 |
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| Income Statement [Abstract] | |||||
| REVENUES, NET | $ 132,163,734 | $ 119,971,638 | $ 123,994,053 | ||
| COST OF GOODS SOLD | 127,409,588 | 116,132,823 | 119,115,636 | ||
| GROSS PROFIT | 4,754,146 | 3,838,815 | 4,878,417 | ||
| SELLING EXPENSES | 3,040,136 | 1,534,200 | 934,223 | ||
| GENERAL AND ADMINISTRATIVE EXPENSES | 3,580,025 | 3,339,954 | 3,348,112 | ||
| TOTAL OPERATING EXPENSES | 6,620,161 | 4,874,154 | 4,282,335 | ||
| INCOME (LOSS) FROM OPERATIONS | (1,866,015) | (1,035,339) | 596,082 | ||
| OTHER INCOME (EXPENSES): | |||||
| INTEREST INCOME | 455,061 | 92,834 | 197,763 | ||
| INTEREST EXPENSES | (67,069) | ||||
| INVESTMENT INCOME (EXPENSES) | 229,657 | (1,607,537) | |||
| OTHER INCOME (EXPENSES) | (101,154) | (8,155) | (13,377) | ||
| TOTAL OF OTHER INCOME (EXPENSES) | 516,495 | 84,679 | (1,423,151) | ||
| LOSS BEFORE INCOME TAXES | (1,349,520) | (950,660) | (827,069) | ||
| (BENEFIT) PROVISION FOR INCOME TAXES | (99,098) | 503,524 | (41,363) | ||
| NET LOSS FROM CONTINUING OPERATIONS | (1,250,422) | (1,454,184) | (785,706) | ||
| NET LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES | (4,103,718) | (3,448,536) | |||
| GAIN OF DIVESTITURE JIUXIN INVESTMENT | 15,757,753 | ||||
| NET GAIN(LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX | 11,654,035 | (3,448,536) | |||
| NET (LOSS) INCOME | (1,250,422) | 10,199,851 | (4,234,242) | ||
| LESS: NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST | 5,384 | (14) | |||
| NET (LOSS) INCOME ATTRIBUTABLE TO RIDGETECH, INC. | (1,250,422) | 10,194,467 | (4,234,228) | ||
| NET (LOSS) INCOME ATTRIBUTABLE TO RIDGETECH, INC. FROM CONTINUING OPERATIONS | (1,250,422) | (1,454,184) | (785,706) | ||
| NET (LOSS) INCOME ATTRIBUTABLE TO RIDGETECH, INC. FROM DISCONTINUED OPERATIONS | 11,648,651 | (3,448,522) | |||
| OTHER COMPREHENSIVE INCOME (LOSS) | |||||
| FOREIGN CURRENCY TRANSLATION ADJUSTMENTS | 1,507,421 | (1,204,966) | (729,373) | ||
| COMPREHENSIVE INCOME (LOSS) | $ 256,999 | $ 8,994,885 | $ (4,963,615) | ||
| WEIGHTED AVERAGE NUMBER OF SHARES: | |||||
| Basic (in Shares) | [1] | 72,668 | 36,954 | 9,628 | |
| Diluted (in Shares) | [1] | 72,668 | 36,954 | 9,628 | |
| (LOSS) INCOME PER SHARE: | |||||
| Basic (in Dollars per share) | [1] | $ (17.21) | $ 275.87 | $ (439.78) | |
| Diluted (in Dollars per share) | [1] | $ (17.21) | $ 275.87 | $ (439.78) | |
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Consolidated Balance Sheets - USD ($) |
Mar. 31, 2026 |
Mar. 31, 2025 |
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|---|---|---|---|---|---|---|
| CURRENT ASSETS | ||||||
| Cash and cash equivalents | $ 17,905,262 | $ 12,779,781 | ||||
| Restricted cash | 8,519 | 5,761,294 | ||||
| Trade accounts receivables | 32,466,688 | 27,811,813 | ||||
| Inventories | 8,259,002 | 9,758,071 | ||||
| Other receivables, net | 5,196,109 | 2,419,671 | ||||
| Advances to suppliers | 98,359 | 433,140 | ||||
| Other current assets | 292,995 | 745,477 | ||||
| Total current assets | 64,556,192 | 59,709,247 | ||||
| NON-CURRENT ASSETS | ||||||
| Property and equipment, net | 5,723 | 8,931 | ||||
| Intangible assets, net | 3,002,053 | 3,302,961 | ||||
| Goodwill | 1,463,733 | 1,463,733 | ||||
| Total non-current assets | 4,471,509 | 4,775,625 | ||||
| Total assets | 69,027,701 | 64,484,872 | ||||
| CURRENT LIABILITIES | ||||||
| Accounts payable | 22,757,939 | 19,666,664 | ||||
| Notes payable | [1] | 22,669 | 10,386,612 | |||
| Other payables | 2,752,548 | 2,319,139 | ||||
| Customer deposits | 364,150 | 264,068 | ||||
| Taxes payable | 1,790,902 | 1,521,546 | ||||
| Accrued liabilities | 206,502 | 196,210 | ||||
| Total current liabilities | 27,894,710 | 34,356,369 | ||||
| NON-CURRENT LIABILITIES | ||||||
| Deferred tax liabilities | 356,353 | 492,121 | ||||
| Total non-current liabilities | 356,353 | 492,121 | ||||
| Total liabilities | 28,251,063 | 34,848,490 | ||||
| COMMITMENTS AND CONTINGENCIES | ||||||
| SHAREHOLDERS’ EQUITY | ||||||
| Ordinary shares; $0.15 par value; 240,000,000 shares authorized; 887,271 and 39,033 shares issued and outstanding as of March 31, 2026 and 2025, respectively | [2] | 133,091 | 5,855 | |||
| Preferred shares; $0.001 par value; 10,000,000 shares authorized; nil issued and outstanding as of March 31, 2026 and 2025 | ||||||
| Additional paid-in capital | 103,898,531 | 93,142,510 | ||||
| Statutory reserves | ||||||
| Accumulated deficit | (64,563,201) | (63,312,779) | ||||
| Accumulated other comprehensive income | 1,308,217 | (199,204) | ||||
| Total shareholders’ equity | 40,776,638 | 29,636,382 | ||||
| Total liabilities and shareholders’ equity | 69,027,701 | 64,484,872 | ||||
| Related Party | ||||||
| CURRENT ASSETS | ||||||
| Due from related parties | 329,258 | |||||
| CURRENT LIABILITIES | ||||||
| Due to related parties | $ 2,130 | |||||
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