INVENTORIES

6 Months Ended

Sep. 30, 2020

INVENTORIES

INVENTORIES

6.    INVENTORIES

	September 30,		March 31,
	2020		2020
	(Unaudited)
Automobiles (i)	$	812,748	$	1,000,675

(i) As of September 30, 2020, the Company owned two automobiles with an aggregate value of $25,959 for sale, fifteen automobiles with a total value of $387,544 for operating lease, and 30 automobiles with a total value of $399,245 for either leasing or sale.

As of September 30, 2020 and March 31, 2020, management compared the cost of automobiles with their net realizable value and determined no inventory write-down was necessary for these automobiles.