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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
REVENUES      
Tax and surcharges $ (17,567) $ (44,898) $ (42,510)
Net Revenues 1,754,935 6,914,474 3,695,217
OPERATING EXPENSE      
Service and development 544,572 1,032,562  
Sales and marketing 1,087,009 1,462,798 1,167,469
General and administrative 27,217,613 20,488,796 3,131,550
Impairment charge on long-term investments 1,600,000 29,189,836  
Finance cost 2,154,621 2,498,706  
Share-based compensation 55,468 347,466 6,585,386
Total Operating Expenses 32,659,283 55,020,164 10,884,405
LOSS FROM CONTINUING OPERATIONS (30,904,348) (48,105,690) (7,189,188)
OTHER INCOME (EXPENSE)      
Other income 100,067 1,239,705 386,415
Other expense (264,985) (7,545) (5,265)
Total Other Income (Expense), net (164,918) 1,232,160 381,150
(LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (31,069,266) (46,873,530) (6,808,038)
PROVISION FOR INCOME TAXES 482,976 489,955 807,710
NET (LOSS) FROM CONTINUING OPERATIONS (31,552,242) (47,363,485) (7,615,748)
Net (loss) income from discontinued operations, net of income taxes (6,439,549) (23,834,894) 13,148,329
Gain from disposal of discontinued operations, net of income taxes 3,164,802    
Total loss from discontinued operations (3,274,747) (23,834,894) 13,148,329
NET (LOSS) INCOME (34,826,989) (71,198,379) 5,532,581
OTHER COMPREHENSIVE (LOSS) INCOME      
Foreign currency translation adjustment 3,942,157 (5,288,742) (6,136,187)
COMPREHENSIVE LOSS $ (30,884,832) $ (76,487,121) $ (603,606)
Net (loss) per share      
Continuing operations - Basic (in dollars per share) $ (0.64) $ (0.97) $ (0.16)
Continuing operations - Diluted (in dollars per share) (0.64) (0.97) (0.14)
Discontinued operations - Basic (in dollars per share) (0.07) (0.49) 0.27
Discontinued operations - Diluted (in dollars per share) (0.07) (0.49) 0.25
Basic (in dollars per share) (0.71) (1.46) 0.11
Diluted (in dollars per share) $ (0.71) $ (1.46) $ 0.10
Weighted average shares      
Basic (in shares) 48,837,977.00 48,757,199.00 48,693,162.00
Diluted (in shares) 48,837,977.00 48,757,199.00 52,912,826.00
Commission service      
REVENUES      
REVENUES $ 82,054    
Recommendation service and other      
REVENUES      
REVENUES   $ 3,916,276 $ 184,968
Interest income      
REVENUES      
REVENUES $ 1,690,448 $ 3,043,096 $ 3,552,759