PREPAYMENTS AND OTHER ASSETS (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
PREPAYMENTS AND OTHER ASSETS
Rental and other deposits	$ 408,128	$ 1,161,423
Prepayments to suppliers and others	722,272	2,168,386
Interest receivable	25,318
Staff advances	41,850	5,156
Prepayments and other assets	$ 1,197,568	$ 3,334,965

The carrying amount of the asset transferred to a third party to serve as a deposit, which typically serves as security against failure by the transferor to perform under terms of an agreement.

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- Definition

Amounts due from an Entity employee, not to include stockholders or officers, which are usually due within 1 year (or 1 business cycle).

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- Definition

Carrying amount as of the balance sheet date of current interest earned but not received. Also called accrued interest or accrued interest receivable. For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer.

+ References

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- References

No definition available.

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- Definition

Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer.

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- Definition

Amount of consideration paid in advance for supplies that provide economic benefits within a future period of one year or the normal operating cycle, if longer.

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