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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Mar. 31, 2019
CURRENT ASSETS:    
Cash $ 6,833,891 $ 3,927,718
Accounts receivable, net 542,913 1,781,360
Other receivables, net 143,920 75,213
Loan to third parties, current 42,316 490,420
Loan to related parties 2,537,532
Other current assets 150,213 146,058
Deferred offering costs 417,100
TOTAL CURRENT ASSETS 10,250,785 6,837,869
Loan to third parties, noncurrent 579,335 89,404
Property and equipment, net 775,465 868,802
Investments in unconsolidated entities 10,977 283,113
Operating lease right-of-use assets 603,553
Long-term rent deposit 73,049
Deferred tax assets, net 272,115 403,466
TOTAL ASSETS 12,565,279 8,482,654
CURRENT LIABILITIES:    
Due to related parties 286,353 252,874
Deferred revenue 1,524,918 620,332
Operating lease liabilities, current 254,332
Taxes payable 314,052 318,685
Other payables 189,201 268,550
Accrued expenses and other liabilities 335,699 324,510
TOTAL CURRENT LIABILITIES 2,904,555 1,784,951
Operating lease liabilities, noncurrent 361,595
TOTAL LIABILITIES 3,266,150 1,784,951
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock, $0.01 par value, 30,000,000 shares authorized; 4,381,033 and 3,200,000 shares issued and outstanding as of March 31, 2020 and March 31, 2019, respectively [1] 43,810 32,000
Additional paid-in capital 4,799,384 217,395
Statutory reserve 231,424 222,180
Retained earnings 4,723,999 6,421,944
Accumulated other comprehensive loss (734,028) (407,169)
Total shareholders' equity 9,064,589 6,486,350
Non-controlling interest 234,540 211,353
TOTAL EQUITY 9,299,129 6,697,703
TOTAL LIABILITIES AND EQUITY $ 12,565,279 $ 8,482,654
[1] Retrospectively restated for effect of stock split and reorganization