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SHARE-BASED COMPENSATION - Restricted Stock Units (Details) - USD ($)
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Number of Restricted Shares        
Outstanding at beginning of year (in shares) 0 35,567 77,800 0
Granted (in shares) 727,476     616,700
Vested (in shares) (727,476) (32,234) (38,900) (538,900)
Forfeited (in shares)   (3,333) (3,333)  
Outstanding at end of year (in shares) 0 0 35,567 77,800
Weighted- average grant date fair value        
Outstanding at beginning of year (in dollars per share) $ 0 $ 9.26 $ 9.26  
Granted (in dollars per share) 1.62     $ 9.26
Vested (in dollars per share) 1.62 9.26 9.26 9.26
Forfeited (in dollars per share)     9.26  
Outstanding at end of year (in dollars per share) $ 0 $ 0 $ 9.26 $ 9.26
Forfeiture percentage 10.50% 13.04% 13.04%  
Fair value of stock option and RSU on the grant date $ 4,700,000      
Share-based compensation expense 391,625 $ 55,468 $ 347,466  
Unrecognized compensation cost $ 0      
Restricted Stock Units        
SHARE-BASED COMPENSATION        
Number of common stocks represented by each RSU 3     1
Vesting period       3 years
Percentage of vesting and exercisable upon the date of grant       33.33%
Percentage of vesting and exercisable upon the second and third anniversary of the grant date       66.67%
Number of Restricted Shares        
Granted (in shares) 242,492     616,700
Vested (in shares) (242,492) (32,234) (38,900)