Segment Reporting

12 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

SEGMENT REPORTING

15. SEGMENT REPORTING

The following provides the results of operations and the financial position of the Company's operating segments as of and during the year ended March 31, 2020. The Longyun operating segment reflects the Company's crowdfunding and incubation business. The Taikexi operating segment reflects the Company's business of auto parts sourcing and logistics services.

Results of Operations

For the year ended March 31, 2020

	Longyun			Taikexi			Other			Total
Revenue		-			-			11,252			11,252
Operating expenses		1,425,443			106,146			598,693			2,130,282
Other income (expenses)		582,173			(310	)		80,656			662,519
Loss before tax		(843,270	)		(106,456	)		(506,785	)		(1,456,511	)
Taxes		26,917			-			496			27,413
Net loss		(870,187	)		(106,456	)		(507,281	)		(1,483,924	)
Loss attributable to Dragon Victory		(870,187	)		(63,876	)		(482,654	)		(1,416,717	)

Financial Position

as of March 31, 2020

	Longyun		Taikexi		Other		Total
Current assets		6,288,120		279		3,456,613		9,745,012
Non-current assets		101,705		68,052		49,592		219,349
Total assets		6,389,825		68,331		3,506,205		9,964,361
Current liabilities		225,129		10,765		2,355,447		2,591,341
Non-current liabilities		-		-		-		-
Total liabilities		225,129		10,765		2,355,447		2,591,341
Net assets		6,164,696		57,566		1,150,758		7,373,020

Results of Operations

For the year ended March 31, 2019

	Longyun		Taikexi			Other			Total
Revenue		2,744,277		12,893			59			2,757,229
Operating expenses		1,510,442		973,548			2,507,888			4,991,878
Other income (expenses)		533,471		166			241,242			774,879
Earnings (loss) before tax		1,767,306		(960,489	)		(2,266,587	)		(1,459,770	)
Taxes		-		-			-			-
Net income		1,767,306		(960,489	)		(2,266,587	)		(1,459,770	)
Income (loss) attributable to Dragon Victory		1,767,306		(576,293	)		(2,247,372	)		(1,056,360	)

Financial Position

as of March 31, 2019

	Longyun		Taikexi		Other			Total
Current assets		10,202,318		67,156		1,579,921			11,849,395
Non-current assets		191,954		111,275		161,501			464,730
Total assets		10,394,272		178,431		1,741,422			12,314,125
Current liabilities		2,977,181		6,916		(53,987	)		2,930,110
Non-current liabilities		66,897		-		-			66,897
Total liabilities		3,044,078		6,916		(53,987	)		2,997,007
Net assets		7,350,194		171,515		1,795,409			9,317,118

Results of Operations

For the year ended March 31, 2018

	Longyun		Taikexi			Other			Total
Revenue		4,271,966		6,763			-			4,278,729
Operating expenses		2,105,441		176,543			1,612,704			3,894,688
Other income (expenses)		248,655		211			126,011			374,877
Earnings (loss) before tax		2,415,180		(169,569	)		(1,486,693	)		758,918
Taxes		633,614		-			-			633,614
Net income		1,781,566		(169,569	)		(1,486,693	)		125,304
Income (loss) attributable to Dragon Victory		1,781,566		(101,742	)		(1,486,693	)		193,131

Financial Position                

as of March 31, 2018

	Longyun		Taikexi		Other			Total
Current assets		11,096,311		828,844		(132,088	)		11,793,067
Non-current assets		2,218,191		139,639		(1,133,199	)		1,224,631
Total assets		13,314,502		968,483		(1,265,287	)		13,017,698
Current liabilities		4,993,098		1,992		(2,970,885	)		2,024,205
Non-current liabilities		-		-		-			-
Total liabilities		4,993,098		1,992		(2,970,885	)		2,024,205
Net assets		8,321,404		966,491		1,705,598			10,993,493