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Segment Reporting
 12 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 11 – SEGMENT REPORTING

 

ASC 280, "Segment Reporting," establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments. The Company uses the "management approach" in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company's chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company's reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products. Based on management's assessment, the Company has determined that it has two operating segments: online education services, and technological development and operation service. Our online education segment consists of two types of online services: Online Education Cloud Service ("B2B2C") and Online Training Service ("B2C").

 

The following tables present summary information by segment for the years ended March 31, 2020, 2019 and 2018, respectively: 

 

    For the Year Ended  
    March 31,
2020		     March 31,
2019		     March 31,
2018		  
Revenue from Online Education Service                  
Revenue from B2B2C Service   $  4,685,132     $ 3,540,536     $ 4,467,605  
Revenue from B2C Service     685,568       645,060       554,480  
Revenue from Technological Development and Operation Service     266,670       1,172,427       945,811  
Total   $ 5,637,370     $ 5,358,023     $ 5,967,896  

 

All the Company's revenue was generated from its business operation in China.

 

    For the Year Ended March 31, 2020  
    Online Education Service     Technological Development and Operation Service     Total  
Revenue   $ 5,370,700     $ 266,670     $ 5,637,370  
Cost of revenue and related tax     3,020,735       366,230       3,386,965  
Gross profit   $ 2,349,965     $ (99,560 )    $ 2,250,405  
Depreciation and amortization   $ 156,111     $ 8,831     $ 164,942  
Total capital expenditures   $ 73,564     $ 1,477     $ 75,041  

 

 

   For the Year Ended March 31, 2019  
    Online Education Service     Technological Development and Operation Service     Total  
Revenue   $ 4,185,596     $ 1,172,427     $ 5,358,023  
Cost of revenue and related tax     2,418,522       435,857       2,854,379  
Gross profit   $ 1,767,074     $ 736,570     $ 2,503,644  
Depreciation and amortization   $ 123,293     $ 7,731     $ 131,024  
Total capital expenditures   $ 336,267     $ 14,017     $ 350,284  

 

    For the Year Ended March 31, 2018  
    Online Education
Service		     Technological Development and Operation Service     Total  
Revenue   $ 5,022,085     $ 945,811     $ 5,967,896  
Cost of revenue and related tax     1,811,117       418,379       2,229,496  
Gross profit   $ 3,210,968     $ 527,432     $ 3,738,400  
Depreciation and amortization   $ 101,679     $ 20,255     $ 121,934  
Total capital expenditures   $ 546,131     $ 7,399     $ 553,530  

 

    As of
March 31,
2020		     As of
March 31,
2019		  
Total assets:            
Online Education Service   $ 12,353,413     $ 7,796,930  
Technological Development and Operation Service     211,866       685,724  
Total Assets   $ 12,565,279     $ 8,482,654