PAVS
Paranovus Entertainment Technology Ltd.
Price Chart
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Latest Quote
$5.21
+0.40 (+8.32%)
Current Price
| Previous Close | $4.81 |
| Open | $5.05 |
| Day High | $5.55 |
| Day Low | $4.85 |
| Volume | 43,106 |
Stock Information
| Shares Outstanding | 857K |
| Total Debt | $553K |
| Cash Equivalents | $15.25M |
| Revenue | $14.60M |
| Net Income | $-12.73M |
| Sector | Consumer Defensive |
| Industry | Packaged Foods |
| Market Cap | $4.50M |
| EPS (TTM) | $-2207.28 |
| Exchange | NCM |
Recent Price History
No history data available. Data will be fetched automatically.
About Paranovus Entertainment Technology Ltd.
Paranovus Entertainment Technology Ltd. engages in product sales through offline and e-commerce channels in North America. The company operates through Bomie and Wookoo segments. It provides training, consulting, brand design, advertising and content production, livestreaming operations, and TikTok-based enablement services. The company also offers footwear, including branded sneakers, and other consumer products through e-commerce platforms, physical retail outlets, and other distribution channels. It serves independent wholesalers, distributors, and resellers. The company was formerly known as Happiness Development Group Limited and changed its name to Paranovus Entertainment Technology Ltd. in March 2023. Paranovus Entertainment Technology Ltd. was founded in 2004 and is based in New York, New York.
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Income Statement (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $12,187,693 | $62,526 | $0 | $0 |
| Cost Of Revenue | $12,187,693 | $62,526 | $0 | $0 |
| Total Revenue | $14,602,369 | $71,542 | $0 | $0 |
| Operating Revenue | $14,602,369 | $71,542 | $0 | $0 |
| Expenses | ||||
| Interest Expense | $262,514 | $261,854 | $39,167 | $0 |
| Total Expenses | $17,977,269 | $2,370,584 | $2,462,095 | $4,002,589 |
| Other Income Expense | $-11,055,549 | $-4,441,907 | $-1,787,933 | $-277,288 |
| Other Non Operating Income Expenses | $233,625 | $42,612 | $19,915 | $-277,288 |
| Net Non Operating Interest Income Expense | $-45,756 | $-261,698 | $-39,167 | $1 |
| Interest Expense Non Operating | $262,514 | $261,854 | $39,167 | $0 |
| Operating Expense | $5,789,576 | $2,308,058 | $2,462,095 | $4,002,589 |
| Selling And Marketing Expense | $883,897 | $1,445 | $94 | $911,111 |
| General And Administrative Expense | $4,905,679 | $2,306,613 | $2,462,001 | $3,091,478 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-12,733,819 | $-6,590,466 | $-4,488,062 | $-3,831,634 |
| Net Interest Income | $-45,756 | $-261,698 | $-39,167 | $1 |
| Interest Income | $216,758 | $156 | $0 | $1 |
| Normalized Income | $-5,960,315 | $-2,105,947 | $-2,680,214 | $-3,831,634 |
| Net Income From Continuing And Discontinued Operation | $-12,733,819 | $-7,893,248 | $-10,126,191 | $-71,738,874 |
| Total Operating Income As Reported | $-14,664,074 | $-6,783,561 | $-4,269,943 | $-4,002,589 |
| Net Income Common Stockholders | $-12,733,819 | $-7,893,248 | $-10,126,191 | $-71,738,874 |
| Net Income | $-12,733,819 | $-7,893,248 | $-10,126,191 | $-71,738,874 |
| Net Income Including Noncontrolling Interests | $-15,715,049 | $-8,305,429 | $-9,927,324 | $-72,187,116 |
| Net Income Discontinuous Operations | $0 | $-1,302,782 | $-5,638,129 | $-67,907,240 |
| Net Income Continuous Operations | $-15,715,049 | $-7,002,647 | $-4,289,195 | $-4,279,876 |
| Pretax Income | $-14,476,205 | $-7,002,647 | $-4,289,195 | $-4,279,876 |
| Special Income Charges | $-11,289,174 | $-4,484,519 | $-1,807,848 | $0 |
| Interest Income Non Operating | $216,758 | $156 | $0 | $1 |
| Operating Income | $-3,374,900 | $-2,299,042 | $-2,462,095 | $-4,002,589 |
| Gross Profit | $2,414,676 | $9,016 | $0 | $0 |
| Per Share | ||||
| Diluted EPS | $-2207.28 | $-14069.96 | $-166003.13 | $-1039693.83 |
| Basic EPS | $-2207.28 | $-14069.96 | $-166003.13 | $-1039693.83 |
| Other | ||||
| Tax Effect Of Unusual Items | $-4,515,670 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-661,654 | $-1,876,274 | $-2,062,180 | $-4,248,209 |
| Total Unusual Items | $-11,289,174 | $-4,484,519 | $-1,807,848 | $0 |
| Total Unusual Items Excluding Goodwill | $-11,289,174 | $-4,484,519 | $-1,807,848 | $0 |
| Reconciled Depreciation | $2,262,863 | $380,000 | $380,000 | $31,667 |
| EBITDA (Bullshit earnings) | $-11,950,828 | $-6,360,793 | $-3,870,028 | $-4,248,209 |
| EBIT | $-14,213,691 | $-6,740,793 | $-4,250,028 | $-4,279,876 |
| Diluted Average Shares | $5,769 | $561 | $61 | $69 |
| Basic Average Shares | $5,769 | $561 | $61 | $69 |
| Diluted NI Availto Com Stockholders | $-12,733,819 | $-7,893,248 | $-10,126,191 | $-71,738,874 |
| Minority Interests | $2,981,229 | $412,181 | $-198,867 | $448,242 |
| Tax Provision | $1,238,844 | $0 | $0 | $0 |
| Write Off | $1,500,000 | - | $0 | - |
| Impairment Of Capital Assets | $9,789,174 | $4,484,519 | $1,807,848 | $0 |
| Selling General And Administration | $5,789,576 | $2,308,058 | $2,462,095 | $4,002,589 |
| Other Gand A | $4,905,679 | $2,306,613 | $2,462,001 | $3,091,478 |
| Research And Development | - | - | - | $1,397,118 |
Fetched: 2026-08-31
Balance Sheet (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $14,872,842 | $-3,995,127 | $716,107 | $7,706,710 |
| Total Assets | $36,868,394 | $35,564,173 | $7,728,826 | $36,340,209 |
| Total Non Current Assets | $16,652,595 | $28,378,471 | $4,877,115 | $26,554,238 |
| Other Non Current Assets | $-63,145 | - | $12,596 | $19,488,147 |
| Goodwill And Other Intangible Assets | $16,375,713 | $28,252,027 | $4,864,519 | $7,052,369 |
| Other Intangible Assets | $5,375,713 | $10,751,426 | $1,488,333 | $1,868,333 |
| Current Assets | $20,215,799 | $7,185,702 | $2,851,711 | $9,785,971 |
| Other Current Assets | $210,094 | $12,208 | $1,651 | $77,673 |
| Prepaid Assets | $1,566,667 | $1,500,000 | $1,500,000 | $1,229,829 |
| Inventory | $118,788 | $653,342 | $0 | $335,019 |
| Receivables | $3,068,079 | $0 | $285,755 | $2,000,000 |
| Receivables Adjustments Allowances | $-1,500,000 | - | - | - |
| Accrued Interest Receivable | $227,896 | - | - | - |
| Loans Receivable | $3,863,550 | - | $273,643 | $0 |
| Accounts Receivable | $436,633 | $0 | $11,360 | $0 |
| Allowance For Doubtful Accounts Receivable | $0 | $0 | - | $-854,615 |
| Gross Accounts Receivable | $436,633 | $0 | - | $2,560,894 |
| Cash Cash Equivalents And Short Term Investments | $15,252,171 | $5,020,152 | $341,779 | $2,049,362 |
| Cash And Cash Equivalents | $10,297,699 | $261,355 | $341,779 | $2,049,362 |
| Assets Held For Sale Current | - | $0 | $1,008,281 | $4,429,107 |
| Non Current Prepaid Assets | - | - | $0 | $252 |
| Taxes Receivable | - | - | $752 | $0 |
| Non Current Deferred Assets | - | - | - | $0 |
| Non Current Deferred Taxes Assets | - | - | - | $0 |
| Other Receivables | - | - | - | $2,000,000 |
| Notes Receivable | - | - | - | $0 |
| Debt | ||||
| Total Debt | $553,220 | $2,351,588 | $2,250,000 | $2,241,076 |
| Long Term Debt And Capital Lease Obligation | $82,194 | $0 | - | - |
| Current Debt And Capital Lease Obligation | $471,026 | $2,351,588 | $2,250,000 | $2,241,076 |
| Current Debt | $315,576 | $2,250,000 | $2,250,000 | $2,241,076 |
| Other Current Borrowings | $315,576 | $2,250,000 | $2,250,000 | - |
| Net Debt | - | $1,988,645 | $1,908,221 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $3,855,371 | $6,561,576 | $2,560,381 | $22,467,138 |
| Total Non Current Liabilities Net Minority Interest | $1,383,075 | $158,091 | $0 | $1,514,060 |
| Other Non Current Liabilities | $171,981 | $158,091 | - | - |
| Non Current Deferred Liabilities | $1,128,900 | $0 | - | $1,514,060 |
| Non Current Deferred Taxes Liabilities | $1,128,900 | $0 | - | $1,514,060 |
| Current Liabilities | $2,472,296 | $6,403,485 | $2,560,381 | $20,953,078 |
| Current Deferred Liabilities | $227,611 | $73,321 | $73,953 | $655,922 |
| Payables And Accrued Expenses | $1,773,659 | $3,978,576 | $122,122 | $76,375 |
| Interest Payable | $0 | $218,630 | $39,167 | - |
| Payables | $1,773,659 | $3,730,334 | $50,000 | $76,375 |
| Other Payable | $50,000 | $50,000 | $50,000 | $67,388 |
| Total Tax Payable | $107,786 | $0 | $0 | $8,987 |
| Accounts Payable | $1,431,815 | $1,733,707 | $0 | $13,462,008 |
| Liabilities Heldfor Sale Non Current | - | - | $0 | $1,514,060 |
| Other Current Liabilities | - | - | $114,306 | $20,220,781 |
| Income Tax Payable | - | - | - | $143,360 |
| Equity | ||||
| Common Stock Equity | $31,248,555 | $24,256,900 | $5,580,626 | $14,759,079 |
| Total Equity Gross Minority Interest | $33,013,023 | $29,002,597 | $5,168,445 | $13,873,071 |
| Stockholders Equity | $31,248,555 | $24,256,900 | $5,580,626 | $14,759,079 |
| Other Equity Interest | $-1 | - | - | - |
| Gains Losses Not Affecting Retained Earnings | $2,390,701 | $2,527,322 | $2,545,619 | $7,220,646 |
| Other Equity Adjustments | $2,390,701 | $2,527,322 | $2,545,619 | $7,220,646 |
| Retained Earnings | $-82,996,267 | $-70,262,448 | $-61,957,019 | $-59,453,593 |
| Other | ||||
| Ordinary Shares Number | $5,769 | $561 | $61 | $69 |
| Share Issued | $5,769 | $561 | $61 | $69 |
| Tangible Book Value | $14,872,842 | $-3,995,127 | $716,107 | $7,706,710 |
| Invested Capital | $31,564,131 | $26,506,900 | $7,830,626 | $14,759,079 |
| Working Capital | $17,743,503 | $782,217 | $291,330 | $-11,167,107 |
| Capital Lease Obligations | $237,644 | $101,588 | $0 | - |
| Total Capitalization | $31,248,555 | $24,256,900 | $5,580,626 | $14,759,079 |
| Minority Interest | $1,764,468 | $4,745,697 | $-412,181 | $-886,008 |
| Additional Paid In Capital | $111,854,111 | $91,318,726 | $64,918,726 | $66,908,726 |
| Capital Stock | $11 | $673,300 | $73,300 | $83,300 |
| Common Stock | $11 | $673,300 | $73,300 | $83,300 |
| Long Term Capital Lease Obligation | $82,194 | $0 | - | - |
| Current Deferred Revenue | $227,611 | $73,321 | $73,953 | $655,922 |
| Current Capital Lease Obligation | $155,450 | $101,588 | $0 | - |
| Current Accrued Expenses | $0 | $248,242 | $72,122 | - |
| Dueto Related Parties Current | $184,058 | $1,946,627 | $0 | - |
| Goodwill | $11,000,000 | $17,500,601 | $3,376,186 | $5,184,036 |
| Net PPE | $340,027 | $126,444 | $0 | $13,470 |
| Accumulated Depreciation | $-16,671 | $0 | $0 | $-7,464 |
| Gross PPE | $356,698 | $126,444 | $0 | $20,934 |
| Machinery Furniture Equipment | $121,902 | $24,856 | $0 | $5,820 |
| Buildings And Improvements | $234,796 | - | $14,638 | $15,114 |
| Properties | $0 | - | $0 | $0 |
| Duefrom Related Parties Current | $40,000 | $0 | - | $0 |
| Other Short Term Investments | $4,954,472 | $4,758,797 | $0 | - |
| Other Properties | - | $101,588 | - | - |
| Preferred Stock | - | - | $0 | $0 |
| Line Of Credit | - | - | - | $2,241,076 |
| Finished Goods | - | - | - | $52,401 |
| Work In Process | - | - | - | $0 |
| Raw Materials | - | - | - | $282,618 |
Fetched: 2026-08-31
Cash Flow Statement (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-1,400,031 | $-2,669,456 | $-13,105,978 | $-20,705,496 |
| Operating Activities | ||||
| Operating Cash Flow | $-1,400,031 | $-2,669,456 | $-13,105,978 | $-20,705,496 |
| Cash From Discontinued Operating Activities | $0 | $304,108 | $3,164,448 | $54,483,289 |
| Cash Flow From Continuing Operating Activities | $-1,400,032 | $-2,973,564 | $-16,270,427 | $-75,188,785 |
| Operating Gains Losses | - | - | - | $-285,824 |
| Investing Activities | ||||
| Investing Cash Flow | $-3,863,550 | $-27,046,341 | $11,698,379 | $89,322 |
| Cash From Discontinued Investing Activities | $0 | $0 | $0 | $89,322 |
| Cash Flow From Continuing Investing Activities | $-3,863,550 | $-27,046,341 | $11,698,379 | $0 |
| Net Other Investing Changes | $-3,863,550 | - | - | - |
| Capital Expenditure | - | - | - | $-45,819 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $19,862,097 | $27,000,000 | $0 | $3,000,000 |
| Financing Cash Flow | $15,603,387 | $29,006,249 | $0 | $3,145,524 |
| Cash From Discontinued Financing Activities | $0 | $0 | $0 | $145,524 |
| Cash Flow From Continuing Financing Activities | $15,603,387 | $29,006,249 | $0 | $3,000,000 |
| Net Other Financing Charges | $-1,891,289 | $1,848,158 | - | - |
| Net Common Stock Issuance | $19,862,097 | $27,000,000 | $0 | $3,000,000 |
| Common Stock Issuance | $19,862,097 | $27,000,000 | $0 | $3,000,000 |
| Cash Dividends Paid | - | - | - | $0 |
| Other | ||||
| Repayment Of Debt | $-3,317,367 | $0 | $0 | $-2,342,943 |
| Issuance Of Debt | $949,946 | $158,091 | $0 | $0 |
| Interest Paid Supplemental Data | $558,656 | $0 | $0 | $0 |
| Income Tax Paid Supplemental Data | $0 | $0 | $0 | $0 |
| End Cash Position | $10,297,699 | $261,355 | $944,242 | $3,355,487 |
| Beginning Cash Position | $261,355 | $944,242 | $3,355,487 | $19,733,611 |
| Effect Of Exchange Rate Changes | $-303,462 | $26,661 | $-1,003,646 | $1,092,526 |
| Changes In Cash | $10,339,806 | $-709,548 | $-1,407,599 | $-17,470,650 |
| Net Issuance Payments Of Debt | $-2,367,421 | $158,091 | $0 | $0 |
| Net Long Term Debt Issuance | $-2,367,421 | $158,091 | $0 | - |
| Long Term Debt Payments | $-3,317,367 | $0 | $0 | - |
| Long Term Debt Issuance | $949,946 | $158,091 | $0 | - |
| Net Investment Purchase And Sale | $0 | $-4,758,797 | $0 | $0 |
| Purchase Of Investment | $0 | $-4,758,797 | $0 | - |
| Net Business Purchase And Sale | $0 | $-22,287,544 | $11,698,379 | $0 |
| Sale Of Business | $0 | $0 | $11,698,379 | $0 |
| Purchase Of Business | $0 | $-22,287,544 | $0 | $0 |
| Net PPE Purchase And Sale | $0 | $0 | $0 | $65,545 |
| Purchase Of PPE | $0 | $0 | $0 | $-45,819 |
| Change In Working Capital | $728,362 | $100,123 | $-1,058,916 | $6,340 |
| Change In Other Current Liabilities | $-190,106 | $0 | $0 | - |
| Change In Payables And Accrued Expense | $1,125,100 | $98,842 | $442,735 | $3,340 |
| Change In Payable | $1,125,100 | $98,842 | $442,735 | $3,340 |
| Change In Account Payable | $-301,892 | $0 | $0 | $1,306,275 |
| Change In Tax Payable | $1,236,686 | $0 | $0 | $106,135 |
| Change In Income Tax Payable | $1,236,686 | $0 | $0 | $106,135 |
| Change In Prepaid Assets | $-264,553 | $1,281 | $-1,501,651 | $3,000 |
| Change In Inventory | $534,554 | $0 | $0 | $1,054,542 |
| Change In Receivables | $-476,633 | $0 | $0 | $24,976,345 |
| Changes In Account Receivables | $-436,633 | $0 | $0 | $24,887,013 |
| Other Non Cash Items | $34,619 | $367,223 | $-7,472,034 | $-3,039,676 |
| Asset Impairment Charge | $11,289,174 | $4,484,519 | $1,807,848 | $0 |
| Depreciation Amortization Depletion | $2,262,863 | $380,000 | $380,000 | $31,667 |
| Depreciation And Amortization | $2,262,863 | $380,000 | $380,000 | $31,667 |
| Depreciation | $2,262,863 | $380,000 | $380,000 | - |
| Net Income From Continuing Operations | $-15,715,049 | $-8,305,429 | $-9,927,324 | $-72,187,116 |
| Net Short Term Debt Issuance | - | $158,091 | $0 | $0 |
| Short Term Debt Issuance | - | $158,091 | $0 | $0 |
| Stock Based Compensation | - | - | $0 | $0 |
| Gain Loss On Sale Of PPE | - | - | $0 | $97,552 |
| Short Term Debt Payments | - | - | - | $-2,342,943 |
| Sale Of Investment | - | - | - | $0 |
| Net Intangibles Purchase And Sale | - | - | - | $0 |
| Purchase Of Intangibles | - | - | - | $0 |
| Sale Of PPE | - | - | - | $111,364 |
| Provisionand Write Offof Assets | - | - | - | $854,615 |
| Deferred Tax | - | - | - | $3,230,566 |
| Deferred Income Tax | - | - | - | $3,230,566 |
| Gain Loss On Sale Of Business | - | - | - | $-383,376 |
| Change In Other Working Capital | - | - | - | - |
| Change In Other Current Assets | - | - | - | - |
Fetched: 2026-08-31