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COMMITMENTS AND CONTINGENCIES | 9 Months Ended
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Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies Disclosure [Text Block] |
| 13. | COMMITMENTS AND CONTINGENCIES
| 1) | Lease Commitments
During the nine months ended December 31, 2018, the Company terminated five lease agreements for its offices and three apartments expiring through January 20, 2020. No penalties were levied on the termination of the lease agreements. In addition, the Company entered into new lease agreements to lease its offices under seven lease agreements expiring through December 2023 and leased two apartments for management members expiring in April 2019. The following table sets forth the Company’s lease obligations as of December 31, 2018 in future periods:
|  | Rental payments |
Year ending December 31, 2019 |  | $ | 300,004 |
Year ending December 31, 2020 |  |  | 297,694 |
Year ending December 31, 2021 |  |  | 191,969 |
Year ending December 31, 2022 |  |  | 141,229 |
Year ending December 31, 2023 and thereafter |  |  | 39,973 |
|  | $ | 970,869 |
Rental expenses totaled $47,149 and $33,080 for the three months ended December 31, 2018 and 2017, respectively. Rental expenses totaled $113,518 and $92,515 for the nine months ended December 31, 2018 and 2017, respectively.
2) | Purchase Commitments
On December 29, 2018, Hunan Ruixi entered into three purchase contracts with automobile dealers for the purchase of 140 automobiles in the aggregate purchase price of approximately $1.2 million. These transactions will be completed in 2019.

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