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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2020
Mar. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 10,925,208 $ 57,372,128
Accounts receivable and contract assets, net 1,884 418,639
Loans receivable, net - current 14,190,488 36,554,913
Prepayments and other assets 1,197,568 3,334,965
Other receivable - current 23,609,338  
TOTAL CURRENT ASSETS 49,924,486 97,680,645
Loans receivable, net - non-current 16,979,338 39,810,461
Long-term investments, net 1,600,000 30,789,836
Property, equipment and software, net 890,807 1,253,723
Rights-of-use assets 750,499  
Other receivable - non-current 8,237,346  
Deferred tax assets, net   3,721,177
TOTAL ASSETS 78,382,476 173,255,842
CURRENT LIABILITIES:    
Accrued expenses and other current liabilities 2,918,416 2,791,099
Consideration payable   14,289,371
Deferred revenue - current 124,682 110,726
Lease liabilities - current 778,039  
Taxes payable 6,350,723 9,371,530
TOTAL CURRENT LIABILITIES 10,171,860 26,562,726
Note payable balance 20,000,000 20,000,000
Lease liabilities - non-current 13,499  
Deferred revenue - non-current 96,228 189,958
TOTAL LIABILITIES 30,281,587 46,752,684
COMMITMENTS AND CONTINGENCIES (Note 23)
SHAREHOLDERS' EQUITY:    
Ordinary shares (US$0.0001 par value; 500,000,000 shares authorized, 49,984,223 and 49,625,303 shares issued, 48,818,340 and 49,204,083 shares outstanding as of March 31, 2020 and 2019, respectively) 4,999 4,963
Additional paid-in capital 60,559,583 59,806,865
Treasury stock (1,165,883 and 421,220 shares as of March 31, 2020 and 2019, respectively) (3,988,370) (1,320,468)
(Deficit) retained earnings (1,429,623) 69,768,756
Accumulated other comprehensive loss (7,045,700) (1,756,958)
TOTAL SHAREHOLDERS' EQUITY 48,100,889 126,503,158
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 78,382,476 $ 173,255,842