Trade Accounts Receivable

9 Months Ended

Dec. 31, 2019

Receivables [Abstract]

TRADE ACCOUNTS RECEIVABLE

NOTE 4 – TRADE ACCOUNTS RECEIVABLE

Trade accounts receivable consisted of the following:

	December 31, 2019			March 31, 2019
Accounts receivable	$	13,856,012		$	11,939,364
Less: allowance for doubtful accounts		(2,390,700	)		(3,246,850	)
Trade accounts receivable, net	$	11,465,402		$	8,692,514

For the three months ended December 31, 2019 and 2018, $47,110 and $36,077 in accounts receivable were directly written off respectively. For the nine months ended December 31, 2019 and 2018, $184,838 and $64,412 in accounts receivable were directly written off, respectively. As of December 31, 2019, $1,179,741 were pledged as collateral for borrowings from financial institutions. As of March 31, 2019, no trade accounts receivables were pledged as collateral for borrowings from financial institutions.