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v3.23.2

Operating expenses (Details) - USD ($) | 12 Months Ended
--- | ---
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2021
Selling and marketing expenses: |  |  |
Promotion expenses | $ 216,423 | $ 699,307 | $ 939,878
Telecommunications service fees | 76,058 | 756,546 | 461,216
Union pay service charges | 54,424 | 175,026 | 235,038
Employee compensation | 98,045 | 141,038 | 159,216
Employee benefit expenses | 19,259 | 22,593 | 11,784
Total Selling and marketing expenses | 464,209 | 1,794,510 | 1,807,132
General and administrative expenses: |  |  |
Employee compensation | 1,977,184 | 2,569,912 | 2,620,776
Consulting fees | 264,800 | 253,676 | 216,309
Audit fees | 258,500 | 432,100 | 152,925
Insurance fee | 44,519 | 171,895 | 151,890
Daily expenses | 119,939 | 90,801 | 120,445
Attorney fee | 429,087 | 272,887 | 94,666
Investment relationship fee | 51,889 | 19,292 | 90,581
Rental fee | 235,069 | 90,748 | 77,768
Employee benefit expenses | 74,743 | 60,471 | 39,880
Depreciation expenses | 90,074 | 12,695 |
Amortization of intangible assets | 32,997 | 20,681 |
Entertainment | 14,800 | 26,344 | 17,673
Other | 65,932 | 122,799 | 71,536
Total General and administrative expenses | 3,659,533 | 4,144,301 | 3,654,449
Operating expenses | $ 4,123,742 | $ 5,938,811 | $ 5,461,581
Short-term lease, lease term | 12 months |  |

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