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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:      
Net Income (loss) $ (1,641,087) $ (1,018,527) $ 1,203,477
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 164,942 131,024 121,934
Non-cash lease expense 201,751
Loss from disposal of property and equipment 9,816 2,502 663
Provision for doubtful accounts (68,359) 444,480 142,781
Provision for investments in unconsolidated entity 261,574 76,425
Income/(loss) from investments in unconsolidated entities (56,421)
Interest income (89,736) (24,586) (2,417)
Deferred tax expense (benefit) 111,757 (106,431) (155,839)
Changes in operating assets and liabilities:      
Accounts receivable 1,231,955 (227,286) (1,384,009)
Other receivable (70,214) (46,538) 32,444
Other current assets (11,010) 22,168 (131,782)
Deferred offering costs (262,587) (156,457)
Long-term rent deposit (78,139)
Deferred revenue 954,315 300,771 (215,789)
Taxes payable 12,600 (130,387) 119,604
Other payable 102,091 203,917 (48,980)
Operating lease liabilities (183,756)
Accrued expenses and other liabilities 29,018 121,745 89,144
Net cash provided by (used in) operating activities 937,518 (513,310) (441,647)
Cash flows from investing activities:      
Purchase of property and equipment (75,041) (350,284) (556,278)
Proceeds from disposal of property and equipment 83 64 15
Proceeds from loans to third parties 446,987 241,440
Payments made for loans to third parties (42,316) (89,397) (995,941)
Payments made for loans to a related party (2,501,825)
Proceeds from disposal of investment in unconsolidated entity 52,815
Net cash provided by (used in) investing activities (2,619,099) 7,370 (1,257,949)
Cash flows from financing activities:      
Changes in due to related parties 29,721 (53,444) 310,215
Net proceeds from initial public offering ("IPO") 4,821,472
Capital contribution by shareholders of non-controlling interest 65,168 41,119
Net cash provided by financing activities 4,851,193 11,724 351,334
Effect of exchange rate fluctuation on cash (263,439) (301,021) 470,449
Net increase (decrease) in cash 2,906,173 (795,237) (877,813)
Cash at beginning of the year 3,927,718 4,722,955 5,600,768
Cash at end of the year 6,833,891 3,927,718 4,722,955
Supplemental cash flow information      
Cash paid for income taxes 91,524 141,589 135,427
Non-cash investing activities      
Right of use assets obtained in exchange for operating lease obligations 816,057
Payable for capitalized software development costs $ 25,458