SEGMENT INFORMATION

9 Months Ended

Dec. 31, 2018

Segment Reporting Disclosure [Text Block]

14.

SEGMENT INFORMATION

The Company presents segment information after elimination of inter-company transactions. In general, revenue, cost of revenue and operating expenses are directly attributable, or are allocated, to each segment. The Company allocates costs and expenses that are not directly attributable to a specific segment, such as those that support infrastructure across different segments, to different segments mainly on the basis of usage, revenue or headcount, depending on the nature of the relevant costs and expenses. The Company does not allocate assets to its segments as the CODM does not evaluate the performance of segments using asset information.

The following tables present the summary of each segment's revenue, loss from operations, loss before income taxes and net loss which is considered as a segment operating performance measure, for the nine months ended December 31, 2018:

	For the Nine Months Ended December 31,
	Online Lending Services			Automobile Transactions and Financing Services			Unallocated			Consolidated
	(unaudited)			(unaudited)			(unaudited)			(unaudited)

Revenues	$	287,655		$	118,736		$	-		$	406,391
Loss from operations	$	(1,584,550	)	$	(7,997	)	$	(915,716	)	$	(2,508,263	)
Loss before income taxes	$	(1,583,630	)	$	(3,268	)	$	(901,763	)	$	(2,488,661	)
Net loss	$	(1,583,630	)	$	(3,268	)	$	(901,763	)	$	(2,488,661	)

Details of the Company's revenue by segment are set out in Note 2(m).

As of December 31, 2018, the Company’s total assets were comprised of $3,749,294 for online lending services, $4,341,305 for automobile transaction and financing services, and $6,111,632 unallocated.

As substantially all of the Company's long-lived assets are located in the PRC and substantially all of the Company's revenue is derived from within the PRC, no geographical information is presented.