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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Common stock
Additional Paid-in capital
Treasury stock
Retained Earnings (Deficit)
Accumulated Other Comprehensive (Loss) income
Total
Balance at the beginning of the year at Mar. 31, 2018 $ 4,796 $ 58,417,971   $ 77,430,759 $ 4,379,229 $ 140,232,755
Balance at the beginning of the year (in shares) at Mar. 31, 2018 47,958,550          
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY            
Share-based compensation   6,585,386       6,585,386
Exercise of share options $ 113 1,156,510       1,156,623
Exercise of share options (in shares) 1,127,853          
Exercise of RSU $ 54 (54)        
Exercise of RSU (in shares) 538,900          
Dividends to shareholders   (6,352,948)   (13,194,584)   (19,547,532)
Repurchase of ordinary shares     $ (1,320,468)     (1,320,468)
Repurchase of ordinary shares (in shares)     (421,220)      
Net (loss) income       5,532,581   5,532,581
Foreign currency translation adjustment         (6,136,187) (6,136,187)
Balance at the end of the year at Mar. 31, 2019 $ 4,963 59,806,865 $ (1,320,468) 69,768,756 (1,756,958) 126,503,158
Balance at the end of the year (in shares) at Mar. 31, 2019 49,625,303   (421,220)      
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY            
Share-based compensation   347,466       347,466
Exercise of share options $ 32 281,585       281,617
Exercise of share options (in shares) 320,020          
Exercise of RSU $ 4 (4)        
Exercise of RSU (in shares) 38,900          
Repurchase of ordinary shares     $ (2,667,902)     (2,667,902)
Repurchase of ordinary shares (in shares)     (744,663)      
Net (loss) income       (71,198,379)   (71,198,379)
Shareholder's contribution   123,671       123,671
Foreign currency translation adjustment         (5,288,742) (5,288,742)
Balance at the end of the year at Mar. 31, 2020 $ 4,999 60,559,583 $ (3,988,370) (1,429,623) (7,045,700) $ 48,100,889
Balance at the end of the year (in shares) at Mar. 31, 2020 49,984,223   (1,165,883)     48,818,340
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY            
Share-based compensation   55,468       $ 55,468
Exercise of RSU $ 3 (3)        
Exercise of RSU (in shares) 32,234          
Net (loss) income       (34,826,989)   (34,826,989)
Foreign currency translation adjustment         3,942,157 3,942,157
Balance at the end of the year at Mar. 31, 2021 $ 5,002 $ 60,615,048 $ (3,988,370) $ (36,256,612) $ (3,103,543) $ 17,271,525
Balance at the end of the year (in shares) at Mar. 31, 2021 50,016,457   (1,165,883)     48,850,574