Segment Reporting

6 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

SEGMENT REPORTING

14.  SEGMENT REPORTING

The following provides the results of operations and the financial position of the Company’s operating segments as of and during the period ended September 30, 2021. The Long Yun operating segment reflects the Company’s incubation business. The Dacheng Liantong operating segment reflects the Company’s business of platform services.

Results of Operations

For the period ended September 30, 2021

	Long Yun			Dacheng Liantong		Other			Total
Revenue		-			1,230,919		-			1,230,919
Operating expenses		3,612,839			962,437		2,265,753			6,841,029
Other income (expenses)		93,129			316		(1,846,897	)		(1,753,452	)
Profit/(loss) before tax		(3,519,710	)		268,798		(4,112,650	)		(7,363,562	)
Taxes		-			-		-			-
Net loss		(3,519,710	)		268,798		(4,112,650	)		(7,363,562	)

Results of Operations For the six months ended September 30, 2020

	Long Yun			Dacheng Liantong			Other			Total
Revenue		-			48,451			-			48,451
Operating expenses		1,209,032			58,913			240,163			1,508,108
Other income (expenses)		188,900			4			24,986			213,890
Loss before tax		(1,020,132	)		(10,458	)		(215,177	)		(1,245,767	)
Taxes		-			-			-			-
Net loss		(1,020,132	)		(10,458	)		(215,177	)		(1,245,767	)

Financial position

As of September 30, 2021

	Long Yun		Dacheng Liantong		Other			Total
Current assets		6,539,969		5,434,606		(89,580	)		11,884,995
Non-current assets		78,573		378,823		312,805			770,165
Total assets		6,618,542		5,813,429		223,225			12,655,160
Current liabilities		6,293,266		4,627,093		(7,478,945	)		3,441,414
Non-current liabilities		-		85,666		172,220			257,886
Total liabilities		6,293,266		4,712,759		(7,306,725	)		3,699,300
Net assets/(liabilities)		325,240		1,100,670		7,529,950			8,955,860

Financial position

As of March 31, 2021

	Long Yun		Dacheng Liantong			Other		Total
Current assets		8,248,675		1,973,297			5,355,897		15,577,869
Non-current assets		15,989		1,283			37,665		54,937
Total assets		8,264,664		1,974,580			5,393,562		15,632,806
Current liabilities		4,549,369		2,289,621			231,615		7,070,605
Non-current liabilities		9,913		-			-		9,913
Total liabilities		4,559,282		2,289,621			231,615		7,080,518
Net assets/(liabilities)		3,705,382		(315,041	)		5,161,947		8,552,288