v3.20.1

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Information |
(1 7) | SEGMENT INFORMATION
The Group’s chief operating decision maker has been identified as the Chief Executive Officer who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. The Group uses the management approach to determine the operating segments. The management approach considers the internal organization and reporting used by the Group’s chief operating decision maker for making decisions, allocating resources and assessing the performance. There are no inter-segment revenue transactions and, therefore, revenues are only generated from external customers. The accounting policies of the segments are the same as those used by the Group. Prior to Huanqiuyimeng acquisition on August 6, 2019, the Group’s operations were organized into one operating segment. As a result of the Huanqiuyimeng Acquisition as described in Note 1, the Group classified the operating segments for the year ended December 31, 2019 into (i) Overseas art study services (ii) Other educational services and (iii) K12 education assessment and other services. The Group had one operating segment which was K12 education assessment and other services for the nine months ended December 31, 2017 and for the year ended December 31, 2018. Overseas art study services has been identified as one reportable segment. Other educational services and K12 education assessment and other services were aggregated as others because individually they do not exceed the 10% quantitative threshold. Furthermore, the Group’s chief operating decision maker evaluates performance based on each reporting segment’s net revenue, operating cost and expenses, and income (loss) from operations. There were no separate segment assets and segment liabilities information provided to the Group’s Chief Executive Officer, as he does not use this information to allocate resources to or evaluate the performance of the segments. The following table presents selected financial information relating to the Group’s segments:
For the year ended December 31, 2019: |  | Overseas art study services |  | Others |  | Consolidated
|  | RMB |  | RMB |  | RMB
Net revenues |  | 82,376,727 |  | 15,393,440 |  | 97,770,167
Operating cost and expenses: |  |  |  |  |  |
Cost of revenues |  | 50,365,985 |  | 11,548,517 |  | 61,914,502
Research and development |  | — |  | 11,817,255 |  | 11,817,255
Selling and marketing |  | 27,859,200 |  | 6,253,012 |  | 34,112,212
Unallocated corporate expenses* |  | — |  | — |  | 81,923,516
Impairment loss of intangible assets and other non-current assets |  | — |  | 8,932,439 |  | 8,932,439
Provision for loan receivable and other receivables |  | — |  | 17,430,825 |  | 17,430,825
Total operating cost and expenses |  | 78,225,185 |  | 55,982,048 |  | 216,130,749
Other operating income, net |  | — |  | 588,147 |  | 588,147
Income (loss) from continuing operations |  | 4,151,542 |  | (40,000,461) |  | (117,772,435)
For the year ended December 31, 2018: |  | Others |  | Consolidated
|  | RMB |  | RMB
Net revenues |  | 1,338,592 |  | 1,338,592
Operating cost and expenses: |  |  |  |
Cost of revenues |  | 4,251,451 |  | 4,251,451
Research and development |  | 19,594,484 |  | 19,594,484
Selling and marketing |  | 5,570,169 |  | 5,570,169
General and administrative |  | 43,507,856 |  | 43,507,856
Total operating cost and expenses |  | 72,923,960 |  | 72,923,960
Other operating income, net |  | 3,793,418 |  | 3,793,418
Loss from continuing operations |  | (67,791,950) |  | (67,791,950)
For nine months ended December 31, 2017: |  | Others |  | Consolidated
|  | RMB |  | RMB
Net revenues |  | 5,185,822 |  | 5,185,822
Operating cost and expenses: |  |  |  |
Cost of revenues |  | 3,785,865 |  | 3,785,865
Research and development |  | 15,415,780 |  | 15,415,780
Selling and marketing |  | 4,539,473 |  | 4,539,473
General and administrative |  | 40,132,709 |  | 40,132,709
Total operating cost and expenses |  | 63,873,827 |  | 63,873,827
Other operating income, net |  | — |  | —
Loss from continuing operations |  | (58,688,005) |  | (58,688,005)
*Unallocated corporate expenses represent the general and administrative expenses for the year ended December 31, 2019. Substantially all of the Group’s operations, customers and long-lived assets are located in the PRC. Consequently, no geographic information is presented.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration