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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:      
Net income (loss) $ (20,906,985) $ (1,400,292) $ 3,498,005
Adjustments to reconcile net profit to net cash provided by operating activities:      
Depreciation of property and equipment 4,033,569 4,185,532 3,689,815
Amortization of intangible assets 5,833,439 7,771,842 6,651,329
Amortization of Operating Right of Use 138,272 0  
Loss on disposals of property and equipment   54,512  
Investment loss due to the redemption of financial assets held for trading     2,436,809
Loss on equity investment (724,428) 166,334  
Impairment loss related to intangible asset 8,051,199    
Impairment loss related to long term investment 245,598    
Impairment loss related to other receivable 60,998    
Impairment loss related to fixed asset 5,749,384    
Changes in operating assets and liabilities:      
Accounts receivables (205,889) (168,235) (5,195)
Prepayments and other current assets 471,622 316,019 (1,418,176)
Long-term prepayments and other non-current assets   28,406 68,629
Accounts payable (55,372) (36,441) (135,379)
Amounts due to a related party 7,939 (210,388) 257,037
Deferred revenue (5,507,495) (4,954,504) (5,017,679)
Other payables 213,846 (542,340) 824,404
Interest payable   217,041  
Taxes payable 130,738 (637,297) (95,115)
Operating Lease Liabilities (86,624)    
Deferred tax liabilities (8,249) 38,744  
Net cash (used in) generated from operating activities (2,558,438) 4,828,933 10,754,484
Cash flows from investing activities      
Proceed from redemption of financial assets held for trading   5,563,030  
Investment in long-term investments   (15,117,687)  
Purchase of property and equipment   (512,797) (5,091,647)
Purchase of intangible assets   (1,850,484) (7,773,051)
Investment in financial assets held for trading     (8,000,000)
Advance for investment (300,631) (1,732,775)  
Proceed from disposal of property and equipment and intangible assets   4,681  
Cash acquired from business combination   50,427  
Net cash used in investing activities (300,631) (13,595,605) (20,864,698)
Cash flows from financing activities      
Proceeds from convertible bond 1,000,000    
Proceeds from IPO net off IPO expenses     13,243,554
Proceeds from long-term borrowings   14,809,302  
Net cash generated from financing activities 1,000,000 14,809,302 13,243,554
Effects of foreign currency translation (976,270) 338,135 2,388,306
Net increase in cash and cash equivalents (2,835,339) 6,380,765 5,521,646
Cash and cash equivalents at beginning of year 23,834,125 17,453,360 11,931,714
Cash and cash equivalents at end of year 20,998,786 23,834,125 17,453,360
Supplemental disclosures of cash flow information:      
Cash paid for income taxes   1,231,826 3,612,851
Cash paid for interest expense $ 819,219    
Non-cash transactions      
Shares issued as consideration for acquisition   $ 4,640,000  
Redemption of fund in transit     $ 5,563,191