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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Mar. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 21,925,322 $ 15,128,719
Accounts receivable, net 15,247 28,362
Loans receivable, net - current   5,488,045
Prepayments and other assets 887,960 604,524
Inventories 7,795,822  
Other receivable - current 20,000,000 8,872,838
TOTAL CURRENT ASSETS 50,624,351 30,122,488
Property and equipment, net 55,433 66,887
Other receivable - non-current   1,496,121
TOTAL ASSETS 50,679,784 31,685,496
CURRENT LIABILITIES:    
Accrued expenses and other current liabilities 1,069,049 1,142,507
Taxes payable 125,153 302,682
Amount due to related parties 37,200,000 2,968,782
Note payable - current   10,000,000
TOTAL CURRENT LIABILITIES 38,394,202 14,413,971
TOTAL LIABILITIES 38,394,202 14,413,971
COMMITMENTS AND CONTINGENCIES (Note 23)
SHAREHOLDERS' EQUITY:    
Ordinary share ($0.0001 par value, 500,000,000 shares authorized, 69,763,933 and 50,016,457 shares issued, 68,598,050 and 48,850,574 shares outstanding as of March 31, 2022 and 2021, respectively) 6,977 5,002
Additional paid-in capital 71,021,898 60,615,048
Treasury stock (1,165,883 shares as of March 31, 2022 and 2021, respectively) (3,988,370) (3,988,370)
Deficit (53,107,676) (36,256,612)
Accumulated other comprehensive loss (1,649,223) (3,103,543)
TOTAL SHAREHOLDERS' EQUITY 12,283,606 17,271,525
Non-controlling interest 1,976  
TOTAL EQUITY 12,285,582 17,271,525
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 50,679,784 $ 31,685,496