DISCONTIUED OPERATIONS (Tables)

9 Months Ended

Dec. 31, 2019

DISCONTIUED OPERATIONS

Disposal Groups, Including Discontinued Operations [Table Text Block]

	December 31,		March 31,
	2019		2019
	(Unaudited)
Current Assets
Cash and cash equivalents	$	9,520	$	1,052,530
Accounts receivable, net		—		126,272
Prepayments, receivables and other assets, net		910,565		6,214
Total Current Assets		920,085		1,185,016
Property and equipment, net		13,883		25,205
Other Assets
Right-of-use assets		133,062		—
Intangible assets, net		28,819		294,464
Prepayment for intangible assets		—		190,706
Total Other Assets		161,881		485,170
Total Assets	$	1,095,849	$	1,695,391

	December 31,		March 31,
	2019		2019
	(Unaudited)
Current Liabilities
Advance from customers	$	8,277	$	7,220
Accrued expenses and other liabilities		4,549,953		538,512
Due to stockholders		144,456		1,080,047
Due to related parties and affiliates		118,652		—
Lease liabilities		133,062		—
Total Current Liabilities		4,954,400		1,625,779
Total liabilities	$	4,954,400	$	1,625,779

	For the Three Months Ended				For the Nine Months Ended
	December 31,				December 31,
	2019		2018		2019		2018
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Revenues	$	4,294	$	91,121	$	112,618	$	287,655
Operating expenses
Selling, general and administrative expenses		(387,895)		(396,459)		(1,387,059)		(1,652,778)
Provision for doubtful accounts		(3,998,953)		—		(4,036,281)		—
Amortization of intangible assets		(3,866)		(60,474)		(30,321)		(233,562)
Impairments of intangible assets and goodwill		—		—		(264,958)		—
Total operating expenses		(4,390,714)		(456,933)		(5,718,619)		(1,886,340)
Loss from operations		(4,386,420)		(365,812)		(5,606,001)		(1,598,685)
Other (expense) income, net		(12,816)		4,151		12,374		15,055
Loss before income taxes		(4,399,236)		(361,661)		(5,593,627)		(1,583,630)
Income tax expenses		—		—		—		—
Net loss attributable to stockholders	$	(4,399,236)	$	(361,661)	$	(5,593,627)	$	(1,583,630)