XML 35 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Mar. 31, 2020
CURRENT ASSETS:    
Cash $ 12,054,015 $ 6,833,891
Accounts receivable, net 1,919,379 542,913
Other receivables, net 217,174 143,920
Loan to third parties, current 623,711 42,316
Loan to related parties 78,979 2,537,532
Other current assets 139,940 150,213
TOTAL CURRENT ASSETS 15,033,198 10,250,785
Loan to third parties, noncurrent 78,882 579,335
Property and equipment, net 759,445 775,465
Investments in unconsolidated entities 11,879 10,977
Operating lease right-of-use assets 371,603 603,553
Long-term rent deposit 79,045 73,049
Deferred tax assets, net 639,269 272,115
TOTAL ASSETS 16,973,321 12,565,279
CURRENT LIABILITIES:    
Due to related parties 297,855 286,353
Deferred revenue 4,141,555 1,524,918
Operating lease liabilities, current 256,600 254,332
Taxes payable 712,327 314,052
Other payables 118,442 189,201
Accrued expenses and other liabilities 532,246 335,699
TOTAL CURRENT LIABILITIES 6,059,025 2,904,555
Operating lease liabilities, noncurrent 105,872 361,595
TOTAL LIABILITIES 6,164,897 3,266,150
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock, $0.01 par value, 30,000,000 shares authorized; 4,381,033 shares issued and outstanding as of March 31, 2021 and March 31, 2020, respectively [1] 43,810 43,810
Additional paid-in capital 4,799,384 4,799,384
Statutory reserve 323,820 231,424
Retained earnings 5,312,654 4,723,999
Accumulated other comprehensive loss (278,180) (734,028)
Total shareholders’ equity 10,201,488 9,064,589
Non-controlling interest 606,936 234,540
TOTAL EQUITY 10,808,424 9,299,129
TOTAL LIABILITIES AND EQUITY $ 16,973,321 $ 12,565,279
[1] Retrospectively restated for effect of stock split and reorganization