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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Mar. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 15,128,719 $ 6,668,104
Accounts receivable, net 28,362 1,884
Loans receivable, net - current 5,488,045 12,626,200
Prepayments and other assets 604,524 426,137
Other receivable - current 8,872,838 23,609,338
Current assets of discontinued operations   8,686,507
TOTAL CURRENT ASSETS 30,122,488 52,018,170
Loans receivable, net - non-current   14,070,741
Long-term investments, net   1,600,000
Property, equipment and software, net 66,887 92,832
Right-of-use assets 0 670,738
Other receivable - non-current 1,496,121 8,237,346
Non-current assets of discontinued operations   3,786,332
TOTAL ASSETS 31,685,496 80,476,159
CURRENT LIABILITIES:    
Accrued expenses and other current liabilities 1,142,507 1,149,599
Taxes payable (receivable) 302,682 (43,361)
Lease liabilities - current   740,752
Amount due to related parties 2,968,782 2,093,684
Current liabilities of discontinued operations   8,421,098
Note payable - current 10,000,000  
TOTAL CURRENT LIABILITIES 14,413,971 12,361,772
Note payable- non-current   20,000,000
Lease liabilities - non-current   13,498
TOTAL LIABILITIES 14,413,971 32,375,270
COMMITMENTS AND CONTINGENCIES (Note 23)
SHAREHOLDERS' EQUITY:    
Ordinary shares (US$0.0001 par value; 500,000,000 shares authorized, 50,016,457 and 49,984,223 shares issued, 48,850,574 and 48,818,340 shares outstanding as of March 31, 2021 and 2020, respectively) 5,002 4,999
Additional paid-in capital 60,615,048 60,559,583
Treasury stock (1,165,883 shares as of March 31, 2021 and 2020, respectively) (3,988,370) (3,988,370)
Deficit (36,256,612) (1,429,623)
Accumulated other comprehensive loss (3,103,543) (7,045,700)
TOTAL SHAREHOLDERS' EQUITY 17,271,525 48,100,889
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 31,685,496 $ 80,476,159