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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Schedule of subsidiaries and its subsidiary's VIE
Company   Date of establishment   Place of
establishment
  Percentage of legal
ownership by
Wah Fu
  Principal activities
Subsidiaries:                
Wah Fu Holding   May 19, 2016   Hong Kong, PRC   100%   Holding Company
Distance Learning   December 23, 1999   Mainland, PRC   100 %   Provider of online education services and technological development and operation services
Shanghai Xin Fu   July 20, 2015   Mainland, PRC   100%   Inactive
Shanghai Xia Shu   April 29, 2016   Mainland, PRC   100%   Inactive
Hunan Huafu   June 15, 2015   Mainland, PRC   75%   Provider of online education services
Nanjing Suyun   March 8, 2017   Mainland, PRC   70%   Provider of online education services
Huaxia MOOC   March 15, 2017   Mainland, PRC   51%   Provider of online education services
Guizhou Huafu   April 25, 2017   Mainland, PRC   51%   Provider of online education services
Fuzhou Huafu   May 21, 2018   Mainland, PRC   65%   Provider of online education services
Liaoning Huafu    June 26, 2018   Mainland, PRC   70%   Provider of online education services
Guangxi Huafu   August 14, 2019   Mainland, PRC   55%   Inactive
Huafu Silu*   September 18, 2018   Mainland, PRC   51%   Inactive
Guangzhou Huafu   October 21, 2019   Mainland, PRC   60%   Inactive
Sichuan Huafu   November 8, 2019   Mainland, PRC   60%   Inactive
Variable interest entity                
Digital Information   September 14, 2000   Mainland, PRC   Nil   Provider of technological development and operation service and holder of Internet Content Provider ("ICP") License

 

  * Huafu Silu was dissolved on March 4, 2020. 
Schedule of consolidated balance sheets
As of
March 31,
2020
    As of
March 31,
2019
 
Current assets   $ 149,289     $ 84,730  
Non-current assets     62,577       600,994  
Total assets     211,866       685,724  
Current liabilities     142,711       182,534  
Intercompany payables*     3,020,067       2,326,076  
Total liabilities     3,162,778       2,508,610  
Net assets   $ (2,950,912 )   $ (1,822,886 )

 

*Intercompany payables are eliminated upon consolidation.
Schedule of statements of comprehensive income
  For the Years Ended  
    March 31,
2020
    March 31,
2019
    March 31,
2018
 
Revenue*   $ 309,380     $ 1,585,677     $ 822,349  
Net loss   $ (1,247,053 )   $ (36,887 )   $ (380,018 )

 

*Intercompany sales are eliminated upon consolidation.
Schedule of statements of cash flows
  For the Years Ended  
   

March 31,

2020

   

March 31,

2019

   

March 31,

2018

 
Net cash provided by operating activities*   $ 100,016     $ 51,611     $ 6,812  
Net cash used in investing activities     (1,477 )     (14,017 )     (7,384 )
Effect of exchange rate fluctuation on cash     (4,103 )     (1,039 )     1,458  
Net increase in cash   $ 94,436     $ 36,555     $ 886  

 

*Intercompany operating activities are eliminated upon consolidation.
Schedule of estimated useful lives of property and equipment
    Estimated useful lives
Buildings   20 years
Electronic equipment   4 - 5 years
Office equipment and furniture   4 - 5 years
Motor vehicles   4 - 5 years
Software   5 years
Leasehold improvements   The shorter of the lease term and useful life
Summary of disaggregated revenue from contracts with customers by timing of revenue recognition
   For the Years Ended 
  

March 31,

2020

  

March 31,

2019

  

March 31,

2018

 
Services transferred at a point in time            
Revenue from Online Education Services  $219,912   $126,665   $786,876 
Revenue from Technological Development and Operation Services   91,757    943,686    413,457 
Services transferred over time               
Revenue from Online Education Services   5,150,788    4,058,931    4,235,209 
Revenue from Technological Development and Operation Services   174,913    228,741    532,354 
Total  $5,637,370   $5,358,023   $5,967,896 
Schedule of deferred revenue
   As of   As of 
   March 31,
2020
   March 31,
2019
 
         
Beginning balance  $620,332   $341,436 
Ending balance   1,524,918    620,332 
Increase  $904,586   $278,896