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Segment Reporting | 12 Months Ended
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Mar. 31, 2018
Segment Reporting [Abstract] |
SEGMENT REPORTING | 12 — SEGMENT REPORTING The following provides the results of operations and the financial position of the Company’s operating segments as of and during the year ended March 31, 2018. The Company did not have operating segments as of and for the year ended March 31, 2017; accordingly, comparative figures are not provided. The Longyun operating segment reflects the Company’s crowdfunding and incubation business. The Taikexi operating segment reflects the Company’s business of auto parts sourcing and logistics services. Results of Operations For the year ended March 31, 2018
|  |  | Longyun |  |  | Taikexi |  |  | Other |  |  | Total |
| Revenue |  |  | 4,271,966 |  |  |  | 6,763 |  |  |  | - |  |  |  | 4,278,729 |
| Operating expenses |  |  | 2,105,441 |  |  |  | 176,543 |  |  |  | 1,612,704 |  |  |  | 3,894,688 |
| Other income (expenses) |  |  | 248,655 |  |  |  | 211 |  |  |  | 126,011 |  |  |  | 374,877 |
| Earnings (loss) before tax |  |  | 2,415,180 |  |  |  | (169,569 | ) |  |  | (1,486,693 | ) |  |  | 758,918 |
| Taxes |  |  | 633,614 |  |  |  | - |  |  |  | - |  |  |  | 633,614 |
| Net income |  |  | 1,781,566 |  |  |  | (169,569 | ) |  |  | (1,486,693 | ) |  |  | 125,304 |
| Income (loss) attributable to LYL |  |  | 1,781,566 |  |  |  | (101,742 | ) |  |  | (1,486,693 | ) |  |  | 193,131 |
Financial Position as of March 31, 2018
|  |  | Longyun |  |  | Taikexi |  |  | Other |  |  | Total |
| Current assets |  |  | 11,096,311 |  |  |  | 828,844 |  |  |  | (132,088 | ) |  |  | 11,793,067 |
| Non-current assets |  |  | 2,218,191 |  |  |  | 139,639 |  |  |  | (1,133,199 | ) |  |  | 1,224,631 |
| Total assets |  |  | 13,314,502 |  |  |  | 968,483 |  |  |  | (1,265,287 | ) |  |  | 13,017,698 |
| Current liabilities |  |  | 4,993,098 |  |  |  | 1,992 |  |  |  | (2,970,885 | ) |  |  | 2,024,205 |
| Non-current liabilities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
| Total liabilities |  |  | 4,993,098 |  |  |  | 1,992 |  |  |  | (2,970,885 | ) |  |  | 2,024,205 |
| Net assets |  |  | 8,321,404 |  |  |  | 966,491 |  |  |  | 1,705,598 |  |  |  | 10,993,493 |

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- References No definition available. + Details
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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