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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Mar. 31, 2022
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | 5. RELATED PARTY TRANSACTIONS SCHEDULE OF RELATED PARTIES RELATIONSHIP WITH THE COMPANY
| Name of Related Parties |  | Relationship with the Company
| Zhida Hong |  | President, CEO, and a director of the Company
| Hongye Financial Consulting (Shenzhen) Co., Ltd. |  | A company controlled by CEO, Mr. Zhida Hong
| Zhongpeng Chen |  | A legal representative of HPF, became not a related party when HPF was disposed of in November, 2020
| Bihua Yang |  | A legal representative of XKJ
| Dewu Huang |  | A legal representative of YBY
| Jinlong Huang |  | Management of HSW
The Company leases Shenzhen XKJ office rent-free from Bihua Yang. In September 2020, the Company disposed of $114,229 aged inventories in HSW to Mr. Jinlong Huang at cost with no gain or loss recognized. The Company had the following related party balances at the end of the years: SCHEDULE OF RELATED PARTIES
Amount due from related party |  | 2022 |  |  | 2021 |
Hongye Financial Consulting (Shenzhen) Co., Ltd. |  |  | 110,242 |  |  |  | 84,838 |
|  | $ | 110,242 |  |  | $ | 84,838 |
Being lease of the quarter ended March 31, 2022 paid on behalf of Hongye Financial Consulting (Shenzhen) Co., Ltd. for the shared office in Shenzhen. SCHEDULE OF RELATED PARTIES TRANSACTIONS
Related party debt |  | 2022 |  |  | 2021 |
Zhida Hong (1) |  | $ | 3,297,951 |  |  | $ | 3,727,371 |
Bihua Yang (2) |  |  | 31,738 |  |  |  | 370,523 |
Dewu Huang (3) |  |  | 212,290 |  |  |  | 712,064 |
Jinlong Huang |  |  | 153,010 |  |  |  | 104,006 |
|  | $ | 3,694,989 |  |  | $ | 4,913,964 |
| (1) | The decrease was due to net repayment of debt due to Zhida Hong. During year ended March 31, 2022, the Company received financial support of approximately $0.5 million from Zhida Hong and repaid approximately $0.9 million of debts due to him.
| (2) | Being financial support from Bihua Yang for XKJ’s daily operation.
| (3) | The decrease of related party debt was mainly due to the repayment of the debt.
The borrowing balances of related party are unsecured, non-interest bearing and repayable on demand.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI https://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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