XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]      
REVENUE $ 5,637,370 $ 5,358,023 $ 5,967,896
COST OF REVENUE AND RELATED TAX      
Cost of revenue 3,346,588 2,816,331 2,202,368
Business and sales related tax 40,377 38,048 27,128
GROSS PROFIT 2,250,405 2,503,644 3,738,400
OPERATING EXPENSES      
Selling expenses 1,314,403 1,441,165 1,084,599
General and administrative expenses 2,507,186 2,301,070 1,581,307
Total operating expenses 3,821,589 3,742,235 2,665,906
INCOME (LOSS) FROM OPERATIONS (1,571,184) (1,238,591) 1,072,494
OTHER INCOME (EXPENSE)      
Interest income 135,359 126,663 177,723
Gain from investments in unconsolidated entities 56,421
Other income (expenses) 7,236 (3,403) (11,138)
Total other income, net 142,595 123,260 223,006
INCOME (LOSS) BEFORE INCOME TAX PROVISION (1,428,589) (1,115,331) 1,295,500
PROVISION (BENEFIT) FOR INCOME TAXES 212,498 (96,804) 92,023
NET INCOME (LOSS) (1,641,087) (1,018,527) 1,203,477
Less: net income (loss) attributable to non-controlling interest 47,614 (72,344) 58,874
NET INCOME (LOSS) ATTRIBUTABLE TO WAH FU EDUCATION GROUP LIMITED (1,688,701) (946,183) 1,144,603
COMPREHENSIVE INCOME (LOSS)      
Net income (loss) (1,641,087) (1,018,527) 1,203,477
Other comprehensive income (loss): foreign currency translation (351,286) (522,250) 676,673
Total comprehensive income (loss) (1,992,373) (1,540,777) 1,880,150
Less: Comprehensive income (loss) attributable to non-controlling interest 23,187 (71,411) 74,680
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO WAH FU EDUCATION GROUP LIMITED $ (2,015,560) $ (1,469,366) $ 1,805,470
Earnings (loss) per common share - basic and diluted $ (0.39) $ (0.3) $ 0.36
Weighted average shares - basic and diluted [1] 4,290,681 3,200,000 3,200,000
[1] Retrospectively restated for effect of stock split and reorganization