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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Consolidated VIE (Details) - USD ($)
 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Current Assets:      
Cash and cash equivalents $ 21,925,322 $ 15,128,719  
Accounts receivable and contract assets, net 15,247 28,362  
Loans receivable, net - current   5,488,045  
Prepayments and other assets 887,960 604,524  
Other receivables 20,000,000 8,872,838  
TOTAL CURRENT ASSETS 50,624,351 30,122,488  
Property and equipment, net 55,433 66,887  
Other receivable - non-current   1,496,121  
TOTAL ASSETS 50,679,784 31,685,496  
Current Liabilities      
Accrued expenses and other current liabilities 1,069,049 1,142,507  
Taxes payable 125,153 302,682  
TOTAL CURRENT LIABILITIES 38,394,202 14,413,971  
TOTAL LIABILITIES 38,394,202 14,413,971  
Net revenues 6,311,092 1,754,935 $ 6,914,474
Net loss (16,849,733) (34,826,989) (71,198,379)
Net cash provided by (used in) operating activities (8,628,371) 10,058,470 (58,278,734)
Net cash provided by (used in) investing activities (19,963,860) (662) 12,775,363
Net cash provided by (used in) financing activities 34,781,117 (9,037,223) (1,552,185)
Consolidated VIEs      
Current Assets:      
Cash and cash equivalents 2,394,869 10,246,074  
Accounts receivable and contract assets, net 15,247 28,362  
Loans receivable, net - current   5,488,045  
Prepayments and other assets 55,864 381,297  
Other receivables   8,872,838  
Amounts due from related parties 27,139,795 13,936,237  
TOTAL CURRENT ASSETS 29,605,775 38,952,853  
Property and equipment, net 53,888 64,268  
Other receivable - non-current   1,496,121  
TOTAL ASSETS 29,659,663 40,513,242  
Current Liabilities      
Accrued expenses and other current liabilities 77,296 246,210  
Taxes payable 11,909 363,484  
TOTAL CURRENT LIABILITIES 89,205 609,694  
TOTAL LIABILITIES 89,205 609,694  
Net revenues 311,725 1,759,941 5,944,541
Net loss (11,527,588) (24,258,182) (12,532,634)
Net cash provided by (used in) operating activities 5,613,401 21,401,699 (65,068,631)
Net cash provided by (used in) investing activities (1,455,547) 407,419 46,074,236
Net cash provided by (used in) financing activities $ (13,203,558) $ (13,127,699) $ 123,671