EMPLOYEE BENEFIT PLAN

9 Months Ended

Dec. 31, 2019

EMPLOYEE BENEFIT PLAN

EMPLOYEE BENEFIT PLAN

14.    EMPLOYEE BENEFIT PLAN

The Company has made employee benefit contributions in accordance with relevant PRC regulations, including retirement insurance, unemployment insurance, medical insurance, housing fund, work injury insurance and maternity insurance.

The contributions made by the Company were $74,518 and $4,442 for the three months ended December 31, 2019 and 2018, respectively, for continuing operations  of the Company. The contributions made by the Company were $61,447 and $22,059 for the three months ended December 31, 2019 and 2018, respectively, for the Company’s discontinued operations.

The contributions made by the Company were $169,458 and $4,442 for the nine months ended December 31, 2019 and 2018, respectively, for continuing operations  of the Company. The contributions made by the Company were $158,184 and $62,017 for the nine months ended December 31, 2019 and 2018, respectively, for the Company’s discontinued operations.

As of December 31, 2019 and March 31, 2019, the Company did not make adequate employee benefit contributions in the amount of $159,641 and $65,868, respectively, for continuing operations of the Company.  As of December 31, 2019 and March 31, 2019, the Company did not make adequate employee benefit contributions in the amount of $441,392 and $337,578,  respectively, for discontinued operations of the Company. The Company accrued the amount in accrued payroll and welfare.