PROPERTY AND EQUIPMENT, NET

6 Months Ended

Sep. 30, 2020

8. PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following:


	September 30, 2020		March 31, 2020
	(Unaudited)
Leasehold improvements	$	185,288	$	177,659
Electronic devices		47,795		40,720
Office equipment, fixtures and furniture		82,869		79,271
Vehicles		670,542		320,949
Subtotal		986,494		618,599
Less: accumulated depreciation and amortization		(257,359)		(138,192)
Total property and equipment, net		729,135		480,407
Total property and equipment, net - discontinued operations		(7,412)		(11,206)
Total property and equipment, net - continuing operations	$	721,723	$	469,201

Depreciation expense from continuing operations for the three months ended September 30, 2020 and 2019 amounted to $48,523 and $27,724, respectively. Depreciation expense from discontinued operations for the three months ended September 30, 2020 and 2019 amounted to $2,063 and $2,770, respectively.

Depreciation expense from continuing operations for the six months ended September 30, 2020 and 2019 amounted to $106,608 and $50,396, respectively. Depreciation expense from discontinued operations for the six months ended September 30, 2020 and 2019 amounted to $4,268 and $5,620, respectively.