Advances to Suppliers

6 Months Ended

Sep. 30, 2020

Advances to Suppliers [Abstract]

ADVANCES TO SUPPLIERS

Note 9 – ADVANCES TO SUPPLIERS

Advances to suppliers consist of deposits, with or advances to, outside vendors for future inventory purchases. Most of the Company's suppliers require a certain amount of money to be deposited with them as a guarantee that the Company will receive its purchase on a timely basis. This amount is refundable and bears no interest. As of September 30, 2020 and March 31, 2020, advance to suppliers consist of the following:

	September 30, 2020			March 31, 2020
Advance to suppliers	$	2,838,746		$	2,198,863
Less: allowance for nonrefundable advances		(909,473	)		(1,024,063	)
Advance to suppliers, net	$	1,929,273		$	1,174,800

For the six months ended September 30, 2020 and 2019, none of the advances to suppliers were written off against previous allowance for unrefundable advances, respectively.