XML 85 R53.htm IDEA: XBRL DOCUMENT v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Consolidated Trust (Details) - USD ($)
1 Months Ended 12 Months Ended
Dec. 31, 2018
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Current Assets:        
Other receivables   $ 23,609,338    
Loan receivables   31,169,826 $ 76,365,374  
TOTAL ASSETS   78,382,476 173,255,842  
Revenues   11,435,060 61,330,504 $ 107,257,841
Net income (loss)   (71,198,379) 5,532,581 65,481,973
Net cash provided by operating activities   (55,865,720) (1,731,075) 87,723,007
Net cash used in investing activity   12,775,363 (68,106,557) (27,623,791)
Net cash used in financing activity   $ (3,965,199) $ (29,377) $ 47,516,258
Consolidated revenue contributed by the VIEs and consolidated trust (as a percentage)   46.40% 99.70% 100.00%
Consolidated assets contributed by the VIEs and consolidated trust (as a percentage)   70.80% 59.80%  
Consolidated liabilities contributed by the VIEs and consolidated trust (as a percentage)   30.90% 59.80%  
Trust 1        
Consolidated Trust        
Initial cash set in fund $ 6,000,000      
Initial term of loan (in years) 5 years      
Current Assets:        
Cash   $ 42,168 $ 2,885,106  
Other receivables   56,491 29,801  
Loan receivables   4,472,885 64,103  
TOTAL ASSETS   4,571,544 2,979,010  
Revenues   1,468,873 224  
Net income (loss)   343,133 (1,084)  
Net cash provided by operating activities   1,748,706 2,949,209  
Net cash used in investing activity   $ (4,486,321) $ (64,103)