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SHARE-BASED COMPENSATION - Restricted Stock Units (Details) - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
SHARE-BASED COMPENSATION      
Number of common stocks represented by each RSU   1  
Weighted- average grant date fair value      
Forfeiture percentage 13.04% 13.04% 13.04%
Fair value of stock option and RSU on the grant date $ 3,500,000    
Share-based compensation expense 347,466 $ 6,585,386 $ 1,828,868
Unrecognized compensation cost $ 64,415 $ 518,891  
Period of unrecognized compensation cost expected to be recognized (in years) 12 months    
Restricted Stock Units      
SHARE-BASED COMPENSATION      
Vesting period   3 years  
Number of Restricted Shares      
Outstanding at beginning of year (in shares) 77,800    
Granted (in shares)   616,700  
Vested (in shares) (38,900) (538,900)  
Forfeited (in shares) (3,333)    
Outstanding at end of year (in shares) 35,567 77,800  
Weighted- average grant date fair value      
Outstanding at beginning of year (in dollars per share) $ 9.26    
Granted (in dollars per share)   $ 9.26  
Vested (in dollars per share) 9.26 9.26  
Forfeited (in dollars per share) 9.26    
Outstanding at end of year (in dollars per share) $ 9.26 $ 9.26  
Restricted Stock Units | First Anniversary of the date of grant      
SHARE-BASED COMPENSATION      
Vesting Rights   33.00%  
Restricted Stock Units | Second and third anniversary of the grant date      
SHARE-BASED COMPENSATION      
Vesting Rights   67.00%