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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
REVENUES      
NET REVENUES $ 19,029,760 $ 82,613,764 $ 123,318,661
Tax and surcharges (228,154) (773,382) (890,414)
NET REVENUES 11,435,060 61,330,504 107,257,841
OPERATING COSTS AND EXPENSES      
Service and development 4,994,059 7,396,835 8,495,768
Sales and marketing 16,467,076 32,322,003 15,241,637
General and administrative 26,452,637 9,928,512 5,816,130
Impairment charge on long-term investments 29,189,836 0  
Finance cost 2,511,720    
Share-based compensation 347,466 6,585,386 1,828,868
Total operating costs and expenses 79,962,794 56,232,736 31,382,403
(LOSS) INCOME FROM OPERATIONS (68,527,734) 5,097,768 75,875,438
OTHER INCOME (EXPENSE)      
Other income 2,253,318 2,336,015 683,393
Other expense (655,232) (28,530) (22,516)
Total other income, net 1,598,086 2,307,485 660,877
(LOSS) INCOME BEFORE INCOME TAXES (66,929,648) 7,405,253 76,536,315
INCOME TAXES EXPENSE 4,268,731 1,872,672 11,025,690
NET (LOSS) INCOME (71,198,379) 5,532,581 65,510,625
Less: net income attributable to non-controlling interest     28,652
NET (LOSS) INCOME ATTRIBUTABLE TO HEXINDAI'S SHAREHOLDERS (71,198,379) 5,532,581 65,481,973
OTHER COMPREHENSIVE (LOSS) INCOME      
Foreign currency translation adjustment (5,288,742) (6,136,187) 6,028,143
COMPREHENSIVE (LOSS) INCOME (76,487,121) (603,606) 71,538,768
Less: comprehensive income attributable to non-controlling interest     132,814
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO HEXINDAI'S SHARESHOLDERS $ (76,487,121) $ (603,606) $ 71,405,954
Net (loss) income per share attributable to Hexindai's shareholders      
Basic (in dollars per share) $ (1.46) $ 0.11 $ 1.46
Diluted (in dollars per share) $ (1.46) $ 0.10 $ 1.37
Weighted average shares used in calculation of net (loss) per share      
Basic (in shares) 48,757,199 48,693,162 44,977,780
Diluted (in shares) 48,757,199 52,912,826 47,656,263
Loan facilitation, post-origination and other service      
REVENUES      
NET REVENUES $ 7,151,245 $ 58,550,903 $ 107,558,133
Interest income      
REVENUES      
NET REVENUES $ 4,511,969 $ 3,552,983 $ 590,122