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LEASES (Tables)
3 Months Ended
Jun. 30, 2019
LEASES  
Schedule of supplemental balance sheet information related to operating leases

Supplemental balance sheet information related to operating leases was as follows:

 

 

 

 

 

 

 

June 30, 2019

 

    

(unaudited)

Right-of-use assets

 

$

1,292,416

 

 

 

  

Operating lease liabilities - current

 

$

262,075

Operating lease liabilities - non-current

 

 

592,245

Total operating lease liabilities

 

$

854,320

 

Schedule of weighted average remaining lease term and discounts rate of operating leases

The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of June 30, 2019:

 

 

 

 

 

Remaining lease term and discount rate:

    

  

 

Weighted average remaining lease term (years)

 

3.6

 

 

 

  

 

Weighted average discount rate

 

4.06

%

 

Schedule of maturities of lease liabilities

The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2019:

 

 

 

 

 

2020

    

$

373,261

2021

 

 

375,908

2022

 

 

272,551

2023

 

 

211,560

2024

 

 

158,670

Thereafter

 

 

 —

Total lease payments

 

 

1,391,950

Less: imputed interest

 

 

(99,534)

Less: prepayments

 

 

(438,096)

Present value of lease liabilities

 

$

854,320