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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities      
Net income $ 125,304 $ 1,713,971 $ 652,852
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
Depreciation and amortization 19,895 19,006 26,358
Gain on sale of investments (230,202)
Impairment on investments 30,118
Changes in assets and liabilities      
Increase in accounts receivables (925,091) (634,405) (59,040)
(Increase)/decrease in other receivables and prepayments (825,169) 148,487 (225,253)
(Increase)/decrease in related party receivables (207,505) 516,904 (529,875)
(Increase)/decrease in deferred tax asset (13,746) 64,713
Increase in other current assets 33,042 481
(Decrease)/increase in accounts payables (33,206) 14,257
Increase in taxes payable 819,336 703,448 192,006
(Decrease)/increase in accrued liabilities and other current liabilities (18,486) 225,824 20,337
Net cash (used in)/provided by operating activities (1,011,881) 2,679,489 (43,248)
Cash flows from investing activities      
Investment in affiliated entities (34,331)
(Acquisitions)/disposals of investments (4,825,706) 253,253
Increase in related party receivables 842,544 (615,395)
Purchase of equipment and improvements (1,447,870) (1,682) (16,976)
Decrease in rent and utility deposits (43,572)
Purchase of intangible assets (541)
Net cash (used in)/provided by investing activities (6,273,576) 797,290 (413,990)
Cash flows from financing activities      
Proceeds from issuance of ordinary shares 7,731,271 1,076,324
Capital contribution from owners 145,232
Repayment of capital lease (15,975) (20,419)
Increase/(decrease) in related party payable 27,075 (155,448) (640,406)
Net cash provided by/(used in) financing activities 7,903,578 (171,423) 415,499
Net Increase/(decrease) of Cash and Cash Equivalents 618,121 3,305,356 (41,739)
Effect of foreign currency translation on cash and cash equivalents 97,008 (85,475) (2,114)
Cash and cash equivalents - beginning of year 3,222,361 2,480 46,333
Cash and cash equivalents - end of year 3,937,490 3,222,361 2,480
Supplemental cash flow disclosures      
Interest received 312,856 69,161
Interest paid 66,548
Income taxes paid $ 285,749