XML 51 R18.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Reporting | 12 Months Ended
--- | ---
Mar. 31, 2021
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, 2021, 2020 and 2019, respectively:
|  | For the Year Ended |
|  | March 31, 2021 |  |  | March 31, 2020 |  |  | March 31, 2019 |
Revenue from Online Education Service |  |  |  |  |  |  |  |  |
Revenue from B2B2C Service |  | $ | 7,601,430 |  |  | $ | 4,685,132 |  |  | $ | 3,540,536 |
Revenue from B2C Service |  |  | 657,019 |  |  |  | 685,568 |  |  |  | 645,060 |
Revenue from Technological Development and Operation Service |  |  | 257,112 |  |  |  | 266,670 |  |  |  | 1,172,427 |
Total |  | $ | 8,515,561 |  |  | $ | 5,637,370 |  |  | $ | 5,358,023 |
All the Company’s revenue was generated from its business operation in China.
|  | For the Year Ended March 31, 2021 |
|  | Online Education Service |  |  | Technological Development and Operation Service |  |  | Total |
Revenue |  | $ | 8,258,449 |  |  | $ | 257,112 |  |  | $ | 8,515,561 |
Cost of revenue and related tax |  |  | 3,692,683 |  |  |  | 304,415 |  |  |  | 3,997,098 |
Gross profit |  | $ | 4,565,766 |  |  | $ | (47,303 | ) |  | $ | 4,518,463 |
Depreciation and amortization |  | $ | 189,407 |  |  | $ | 5,832 |  |  | $ | 195,239 |
Total capital expenditures |  | $ | 72,984 |  |  | $ | 1,252 |  |  | $ | 74,236 |
|  | 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 |
|  | As of March 31, 2021 |  |  | As of March 31, 2020 |
Total assets: |  |  |  |  |  |
Online Education Service |  | $ | 16,642,417 |  |  | $ | 12,353,413 |
Technological Development and Operation Service |  |  | 330,904 |  |  |  | 211,866 |
Total Assets |  | $ | 16,973,321 |  |  | $ | 12,565,279 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration