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Investments in Unconsolidated Entities (Details)

1 Months Ended

12 Months Ended

Aug. 15, 2016

CNY (¥)

Jun. 02, 2016

CNY (¥)

Jul. 03, 2014

USD ($)

Jun. 30, 2016

CNY (¥)

Mar. 31, 2021

USD ($)

Mar. 31, 2020

USD ($)

Aug. 31, 2016

CNY (¥)

Jul. 03, 2014

CNY (¥)

Investments in Unconsolidated Entities (Details) [Line Items]

Ownership transferred

15.00%

10.00%

Beijing Tianyuebowen Science and Technology Co., Ltd. [Member]

Investments in Unconsolidated Entities (Details) [Line Items]

Equity method investments

$ 140,000

Equity interest percentage

10.00%

Impairment of investments

125,488

Impairment of investments

^[1]

(125,488)

$ (115,969)

Zhongtai International Education Technology [Member]

Investments in Unconsolidated Entities (Details) [Line Items]

Equity method investments

150,000

Equity interest percentage

15.00%

Impairment of investments

152,630

Impairment of investments

^[2]

(152,630)

(141,052)

Nanjing Wei You Xue Information Technology Co., Ltd. [Member]

Investments in Unconsolidated Entities (Details) [Line Items]

Equity method investments

$ 300,000

71,828

Equity interest percentage

49.00%

Impairment of investments

$ 71,828

$ (71,828)

Nanjing Weiyouxue Information Technology CoLtd Member | RMB [Member]

Investments in Unconsolidated Entities (Details) [Line Items]

Equity method investments | ¥

¥ 1,862,000

RMB [Member] | Beijing Tianyuebowen Science and Technology Co., Ltd. [Member]

Investments in Unconsolidated Entities (Details) [Line Items]

Equity method investments | ¥

¥ 900,000

Impairment of investments | ¥

¥ 900,000

RMB [Member] | Zhongtai International Education Technology [Member]

Investments in Unconsolidated Entities (Details) [Line Items]

Equity method investments | ¥

¥ 1,000,000

Impairment of investments | ¥

¥ 1,000,000

[1]

On June 2, 2016, the Company invested RMB 0.9 million (approximately $0.14 million as of March 31, 2021) in exchange for 10% equity interest of Tianyuebowen through its related party, Beijing Haohua Haofu Investment Co., Ltd. (“Haohua Haofu”). Haohua Haofu signed the investment agreement on behalf of Digital Information and transferred 10% ownership of Tianyuebowen to the Company subsequently. RMB 0.9 million was paid in full by the Company in June 2016. Due to the continual losses of Tianyuebowen, the company believes that the probability of recovering the investment in Tianyuebowen is low. Therefore the company accrued $125,488 impairment loss for the investment in Beijing Tianyuebowen.

[2]

On August 15, 2016, the Company invested RMB 1.0 million (approximately $0.15 million as of March 31, 2021) in exchange for 15% equity interest of Zhongtai International Education Technology (Beijing) Co., Ltd. (“Zhongtai”) through Haohua Haofu. Haohua Haofu signed the investment agreement on behalf of Digital Information and transferred the 15% ownership of Zhongtai to the Company subsequently. RMB 1.0 million was paid in full by the Company in August 2016. Due to the continual losses of Zhongta, the company believes that the probability of recovering the investment in Zhongta is low. Therefore the balance of $152,630 investment in Zhongtai is fully impaired in fiscal year 2021.

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