Company: PAVS
Filing Date: 2025-08-04
Form Type: 20-F
Source: 0001929980-25-000590
Chunk: 103

Company: Paranovus Entertainment Technology Ltd.
Filing Date: 2025-08-04
Form: 20-F
Item: Item 5
Chunk 103
---
 (4,002,589   
  Other income (expenses):                                                                                                                                        
  Interest income                                                                                    156                           -                 1            
  Interest expense                                                                              (261,854                     (39,167                 -            
  Other income, net                                                                               42,612                      19,915                 (277,288     
  Total other expenses, net                                                                     (219,086                     (19,252                 (277,287     
  Loss from continuing operations before income taxes                                         (7,002,647                  (4,289,195                 (4,279,876   
  Income tax expenses                                                                                  -                           -                 -            
  Net loss from continuing operations                      $                                  (7,002,647      $           (4,289,195      $          (4,279,876   
  Net loss from discontinued operations before tax                                              (935,559                 (13,185,557                 (67,907,240  
  (Loss) Gain on disposal of discontinued operations                                            (367,223                   7,547,428                 -            
  Net loss from discontinued operations                                                       (1,302,782                  (5,638,129                 (67,907,240  
  Net loss                                                                                    (8,305,429                  (9,927,324                 (72,187,116  

  54                 
  Table of Contents  

Year Ended March 31, 202 5 Compared to Year Ended March 31, 202 4

Revenues

We generated $71,542 in revenues for the fiscal year ended March 31, 2025, representing an increase of $71,542 or 100.00%, as compared with $0 for the fiscal year ended March 31, 2024. The increase was primarily due to the increase of the revenues generated from the internet information and advertising service business.

Since we have disposed the nutraceutical and dietary supplement, e-commerce business in September 2023 and disposed the automobiles sales business and July 2024, the revenue generated from the nutraceutical and dietary supplement, e-commerce and automobile sales was reclassified into the net income (loss) from discontinued operations account.

Beginning in April 2025, we have gradually shifted toward the development of e-commerce marketing services and e-commerce solutions to customers that would like to establish a presence on TikTok.

Cost of Revenues

Total cost of revenues was $62,526 for the fiscal year ended March 31, 2025, representing a increase of $62,526 or