ACCOUNTS RECEIVABLE, NET (Tables)

9 Months Ended

Dec. 31, 2019

ACCOUNTS RECEIVABLE, NET

Summary of accounts receivable

As of December 31, 2019 and March 31, 2019, accounts receivable were comprised of the following:

	December 31,		March 31,
	2019		2019
	(Unaudited)
Receivables of transaction fees due from borrowers	$	—	$	126,272
Receivables of automobile sales due from automobile purchasers		1,532,275		—
Receivables of services fees due from automobile purchasers		1,774,999		199,909
Less: Unearned interest		(122,483)		—
Less: Allowance for doubtful accounts		(84,415)		—
Accounts receivable, net	$	3,100,376	$	326,181
Account receivable, net, - discontinued operations		—		(126,272)
Account receivable, net, - continuing operations	$	3,100,376	$	199,909
Account receivable, net, current portion	$	2,009,589	$	199,909
Account receivable, net, long-term portion	$	1,090,787	$	—

Summary of movement of allowance for doubtful accounts

Movement of allowance for doubtful accounts is as follows:

	December 31, 2019		March 31, 2019
	(Unaudited)
Beginning balance	$	—	$	—
Provision for doubtful accounts		84,429		—
Translation adjustment		(14)		—
Ending balance	$	84,415	$	—