Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Schedule of consolidated financial statements

	As of March 31,
	2020		2019
Current assets
Cash and cash equivalents	$	28,463	$	17,536
Investment		4,600,344		7,971,856
Investment - related party		3,378,706		74,503
Amounts due from non-VIE subsidiaries of the Company		926,161		1,114,579
Other assets		577,968		432,927
		9,511,642		9,611,401
Noncurrent assets
Other assets		80,796		169,871
Total Assets	$	9,592,438	$	9,781,272
Current liabilities
Accounts and other payable		104,588		790,375
Customer advances		225,129		237,923
Amounts due to related party		395,590		94,771
Amounts due to non-VIE subsidiaries of the Company		1,228,332		1,334,938
Provision for taxation		1,796,580		1,854,113
Total Liabilities	$	3,750,219	$	4,312,120

	For the year ended March 31,
	2020			2019			2018
Net revenues	$	11,159		$	2,744,277		$	4,271,966
Net loss	$	(922,923	)	$	1,767,306		$	1,918,839
Net cash provided by operating activities	$	(56,317	)	$	2,278,534		$	2,349,945
Net cash used in investing activities	$	71,399		$	(4,610,931	)	$	(4,755,442	)
Net cash provided by financing activities	$	310,577		$	96,137		$	99,150

Schedule of exchange rate used for translation

	March 31,		March 31,		March 31,
	2020		2019		2018
Period/year end RMB:US$ exchange rate		7.08760		6.71111		6.61843
Period/annual average RMB:US$ exchange rate		6.97980		6.71075		6.50682
Period/year end HKD:US$ exchange rate		7.77050		7.84934		7.77047
Period/annual average HKD:US$ exchange rate		7.75880		7.84162		7.75883

Schedule of property and equipment estimated useful lives

Computer Equipment	1 – 3 years
Office Equipment	4 – 5 years
Motor Vehicle	4 years

Schedule of intangible assets and its estimated useful lives

Software 5 years

Schedule of fair value of financial instruments

	Carrying Amount						Estimated
	Level 1		Level 2		Level 3		Fair Value
March 31, 2020
Assets
Carried at (amortized) cost:
Corporate debt securities		-		-		5,587,984		5,587,984
Related party investment -wealth management product		-		-		3,378,706		3,378,706
March 31, 2019
Assets
Carried at (amortized) cost:
Corporate debt securities		-		-		9,461,918		9,461,918