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LONG-TERM INVESTMENTS, NET (Details)
¥ in Millions
12 Months Ended
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Jan. 08, 2019
USD ($)
Jan. 08, 2019
CNY (¥)
Aug. 09, 2018
USD ($)
LONG TERM INVESTMENTS              
Long term investments, gross $ 30,789,836 $ 30,789,836          
Impairment on investments (30,789,836) (30,789,836)          
Impairment charge on long-term investments 0 1,600,000 $ 29,189,836        
Phoenix Intelligent Credit              
LONG TERM INVESTMENTS              
Long term investments, gross 29,189,836 29,189,836          
Equity stake acquired (as a percentage)         5.88% 5.88%  
Total consideration         $ 29,000,000 ¥ 200  
Consideration payable       $ 14,289,371      
Musketeer              
LONG TERM INVESTMENTS              
Long term investments, gross $ 1,600,000 $ 1,600,000          
Equity stake acquired (as a percentage)             19.99%
Total consideration             $ 1,600,000