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ACQUISITION OF HUNAN RUIXI AND ITS VIE - Assets Acquired and Liabilities (Details)
9 Months Ended
Dec. 31, 2019
USD ($)
ACQUISITION OF HUNAN RUIXI AND ITS VIE  
Net assets acquired (i) $ 63,965
Gain from acquisition of Hunan Ruixi and its subsidiary and VIE 0
Noncontrolling interests (ii) 0
Total purchase consideration $ 0 [1],[2]
[1] Fair value of the noncontrolling interests is estimated with reference to the purchase price per share as of the acquisition date.
[2] Net assets acquired primarily include cash and cash equivalents of $213,645, other current assets of $1,813,821, property and equipment of $107,865, other current liabilities of $711,303 and borrowings from related parties and affiliates of $785,231, and borrowings from financial institutions of $554,802