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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Mar. 31, 2020
Current assets    
Cash and cash equivalents $ 4,394,019 $ 833,888
Accounts receivable, net, current portion 867,576 660,645
Inventories 812,748 1,000,675
Finance lease receivables, net, current portion 510,044 459,110
Prepayments, other receivables and other assets, net 2,834,601 2,798,780
Due from related parties 96,075 26,461
Current assets - discontinued operations 588,068 826,580
Total current assets 10,103,131 6,606,139
Property and equipment, net    
Property and equipment, net 721,723 469,201
Property and equipment, net - discontinued operations 7,412 11,206
Total Property and equipment, net 729,135 480,407
Other assets    
Operating lease right-of-use assets, net 418,355 473,661
Operating lease right-of-use assets, net, related parties 378,166 236,305
Financing lease right-of-use assets, net 6,304,657 5,440,362
Intangible assets, net 737,008 777,621
Accounts receivable, net, noncurrent 598,675 882,078
Finance lease receivables, net, noncurrent 728,995 734,145
Total other assets 9,165,856 8,544,172
Total assets 19,998,122 15,630,718
Current liabilities    
Borrowings from financial institutions 594,974 226,753
Accounts payable 1,045 4,065
Advance from customers 106,459 90,349
Income tax payable 17,461 16,267
Accrued expenses and other liabilities 3,604,738 2,008,391
Due to related parties and affiliates 299,366 152,679
Operating lease liabilities 169,174 149,582
Operating lease liabilities - related parties 162,215 151,655
Financing lease liabilities 4,715,471 3,473,967
Derivative liabilities 940,728 342,530
Current liabilities - discontinued operations 3,077,506 4,516,292
Total current liabilities 13,689,137 11,132,530
Other liabilities    
Borrowings from financial institutions, noncurrent 62,420 64,221
Operating lease liabilities, noncurrent 197,343 297,167
Operating lease liabilities, noncurrent - related parties 207,786 88,349
Financing lease liabilities, noncurrent 3,059,012 2,576,094
Total other liabilities 3,526,561 3,025,831
Total liabilities 17,215,698 14,158,361
Commitments and contingencies
Stockholders' equity    
Common stock (par value $0.0001 per share, 100,000,000 shares authorized; 43,358,818 and 29,008,818 shares issued and outstanding at September 30 and March 31, 2020, respectively) 4,336 2,901
Additional paid-in capital 33,444,742 27,013,137
Accumulated deficit (27,866,092) (23,704,863)
Accumulated other comprehensive loss (682,398) (507,478)
Total Senmiao Technology Limited stockholders' equity 4,900,588 2,803,697
Non-controlling interests (2,118,164) (1,331,340)
Total equity 2,782,424 1,472,357
Total liabilities and equity $ 19,998,122 $ 15,630,718