Company: PAVS
Filing Date: 2025-08-04
Form Type: 20-F
Source: 0001929980-25-000590
Chunk: 180

Company: Paranovus Entertainment Technology Ltd.
Filing Date: 2025-08-04
Form: 20-F
Item: Item 18
Chunk 180
---
5 and 2024, no intangible assets were pledged. Additions to intangible assets for the year ended March 31, 2025 amounting to $10,751,426were acquired from combination of BW.

For the years ended March 31, 2025 and 2024, no new intangible assets were purchased. For the years ended March 31, 2025 and 2024, the Company recorded no disposal of intangible assets.

As of March 31, 2025 and 2024, the company recognized impairment of intangible assets amounted to $1,108,333 and $0, respectively.

Amortization expense was $380,000, $380,000and $31,667for the years ended March 31, 2025, 2024 and 2023, respectively.

Estimated future amortization expense is as follows as of March 31, 2025:

  Years ending March 31,      Amortization                  
                                                            
                              expense                       
 ────────────────────────────────────────────────────────────
                    2026      $                  2,150,285  
                    2027                         2,150,285  
                    2028                         2,150,285  
                    2029                         2,150,285  
                    2030                         2,150,285  
                   Total      $                 10,751,426  

  F-22               
  Table of Contents  

NOTE6 - GOODWILL

Goodwill consisted of the following as of March 31, 2025 and 2024:

                                 As of                           As of                       
                                                                                             
                                 March 31,                       March 31,                   
                                 202 5                           202 4                       
 ─────────────────────────────────────────────────────────────────────────────────────────────
  Goodwill, gross (Note 11)      $               20,876,787      $                5,184,036  
  Less: impairment                              ( 3,376,186                     ( 1,807,850  
  Goodwill, net                  $               17,500,601      $                3,376,186  

The changes in the carrying amount of goodwill for the years ended March 31, 2025 and 2024 were as follow:

                              As of                           As of                       
                                                                                          
                              March 31,                       March 31,                   
                              202 5                           202 4                       
 ─────────