LEASE (Tables)

6 Months Ended

Sep. 30, 2020

LEASE

Schedule of Operating and finance lease expenses

		For the Three Months Ended				For the Six Months Ended
	Classification	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Operating lease cost
Lease expenses	Selling, general and administrative	$	99,684	$	126,438	$	205,880	$	209,176
Finance lease cost
Amortization of leased asset	Cost of revenue		489,829		—		766,348		—
Amortization of leased asset	General and administrative		539,418		—		1,072,800		—
Interest on lease liabilities	Interest expenses on finance leases		211,053		—		437,230		—
Total lease expenses		$	1,339,984	$	126,438	$	2,482,258	$	209,176

Schedule of minimum lease payments in future periods

The following table sets forth the Company’s minimum lease payments in future periods:

	Operating lease		Finance lease
	payments		payments		Total
Twelve months ending September 30, 2021	$	242,376	$	5,827,162	$	6,069,538
Twelve months ending September 30, 2022		313,752		2,469,925		2,783,677
Twelve months ending September 30, 2023		185,853		197,664		383,517
Twelve months ending September 30, 2024		69,752		—		69,752
Total lease payments		811,733		8,494,751		9,306,484
Less:  discount		(75,215)		(720,268)		(795,483)
Present value of lease liabilities		736,518		7,774,483		8,511,001
Less: Present value of lease liabilities - discontinued operations		—		—		—
Present value of lease liabilities - continuing operations	$	736,518	$	7,774,483	$	8,511,001