XML 72 R53.htm IDEA: XBRL DOCUMENT

Operating expenses (Tables)

12 Months Ended

Mar. 31, 2023

Operating expenses

Schedule of operating expenses


		For the years ended March 31,
		2023			2022			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
		$	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(1)			264,800			253,676			216,309
Audit fees (1)			258,500			432,100			152,925
Insurance fee(1)			44,519			171,895			151,890
Daily expenses			119,939			90,801			120,445
Attorney fee(1)			429,087			272,887			94,666
Investment relationship fee			51,889			19,292			90,581
Rental fee(2)			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
		$	3,659,533		$	4,144,301		$	3,654,449

Operating expenses		$	4,123,742		$	5,938,811		$	5,461,581

(1)	Audit fee, consulting fee, insurance fee, attorney fee for the year ended March 31, 2021 were separated from service fee to list as comparative number.

(2)	According to the rental agreement renewal clauses, every renew needs to be renegotiated separately, thus the lease term was less than 12 months and the Company recognized the rental expenses as expense for short-term leases.