XML 42 R23.htm IDEA: XBRL DOCUMENT v3.23.2

Long-term loans

12 Months Ended

Mar. 31, 2023

Long-term loans

Long-term loans

17. Long-term loans

Long-term loan consisted of the following:

​

​	​	​	​	​	​	​
​	​	As of March 31,
​	​	2023		​	2022
Long-term loan		$	13,681,099		$	14,809,302

​

On January 4, 2022, the Group borrowed the amount of $13,681,099 (RMB 94,012,410) through a five-year long-term loan from Fujian Xinqiao Ocean Fishery Group Co., Ltd. The annual interest rate is 6%. The Group is obligated to pay interest on every December 30th, whereas the principal should be returned on January 3, 2027. Earlier payment is acceptable without any penalties.

X

- References

No definition available.

+ Details

Name:	us-gaap_LongTermDebtAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

+ Details

Name:	us-gaap_LongTermDebtTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration