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CONSOLIDATED BALANCE SHEETS
Mar. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
Current assets:    
Cash and cash equivalents $ 20,998,786 $ 23,834,125
Accounts receivable, net 458,104 252,215
Prepayments and other current assets 1,136,769 1,671,750
Advance for investment 1,902,004 1,732,775
Other receivables 34,815 33,059
Total current assets 24,530,478 27,523,924
Non-current assets    
Long-term investment 14,296,824 14,956,443
Goodwill 4,306,579 4,581,112
Property and equipment, net 81,315 10,699,010
Intangible assets, net 254,646 15,332,396
Operating Right-of-use asset, net 172,796  
Total non-current assets 19,112,160 45,568,961
TOTAL ASSETS 43,642,638 73,092,885
Current liabilities    
Accounts payable 21,894 77,266
Taxes payable 258,383 127,645
Amounts due to a related party 54,588 46,649
Accrued expenses 1,058,703 861,550
Deferred revenue-current 1,357,236 6,864,731
Operating Lease Liability-current 224,822  
Deferred tax liabilities 28,241 38,744
Total current liabilities 3,003,867 8,016,585
Non-current liabilities    
Long-term loans 13,681,099 14,809,302
Deferred revenue-noncurrent 3,430 3,713
Total non-current liabilities 13,684,529 14,813,015
TOTAL LIABILITIES 16,688,396 22,829,600
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:    
Ordinary shares, par value $0.0002 per share, 500,000,000 shares authorized; 14,900,000 shares issued and outstanding as of March 31, 2023 and 2022 2,980 2,980
Additional paid-in capital 19,055,407 18,055,407
Statutory reserve 745,590 745,590
Accumulated profits 8,111,900 29,018,885
Accumulated other comprehensive (loss)/income (961,635) 2,440,423
TOTAL SHAREHOLDERS' EQUITY 26,954,242 50,263,285
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 43,642,638 $ 73,092,885