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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 122,587 $ (3,560,206)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 115,561 83,210
Loss on disposal of plant and equipment 1,472
Changes in operating assets and liabilities    
Accounts receivable 3,038,527 1,367,371
Inventories (27,762) 174,487
Advances to suppliers (1,166,916) (320,771)
Other receivables 73,540 (65,150)
Accounts payables (1,899,642) (1,688,272)
Accrued expenses and other payables 96,276 173,582
Advances from customers 31,654 52,161
Net cash provided by (used in) operating activities 383,825 (3,782,116)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of plant and equipment and other assets (176,268) (392,108)
Proceeds from sale of property and equipment 2,243
Cash decreased in disposal of subsidiaries (704,479)
Net cash used in investing activities (176,268) (1,094,344)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stocks 3,735,000
Proceeds from related party borrowings 3,797,473 7,697,827
Repayment of related party borrowings (5,341,046) (6,605,044)
Proceeds from bank borrowings 86,886
Repayment of bank borrowings (196,456)
Net cash (used in) provided by financing activities (1,543,573) 4,718,213
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (1,336,016) (158,247)
Effect of exchange rate changes on cash and cash equivalents (2,719) (16,706)
Cash and cash equivalents, beginning of the period 1,845,077 531,681
CASH AND CASH EQUIVALENTS, END OF THE PERIOD 506,342 356,728
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 4,523
Cash paid during the year for income tax 17,893 23,196
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for operating lease obligations 342,457 10,404,962
Net assets of subsidiaries disposed of recorded as Other Receivables $ 118,454