SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Dec. 31, 2018

Schedule of Differences between Reported Amount and Reporting Currency Denominated Amount [Table Text Block]

Translation of amounts from RMB into US$ has been made at the following exchange rates for the respective periods:

	December 31, 2018		March 31, 2018
Balance sheet items, except for equity accounts		6.8776		6.2807

	For the Nine Months Ended December 31,
	2018		2017
Items in the statements of operations and comprehensive loss, and statements of cash flows		6.7008		6.7146

Property, Plant and Equipment [Table Text Block]

The useful life of property and equipment is summarized as follows:

Computer equipment	2 - 5 years
Office equipment	3 - 5 years
Automobile	4 years

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Purchased intangible assets are recognized and measured at fair value upon acquisition. Separately identifiable intangible assets that have determinable lives continue to be amortized over their estimated useful lives using the straight-line method as follows:

Platform	7 years
Customer relationship	10 years
Software	5-7 years

Disaggregation of Revenue [Table Text Block]

The following table sets forth the disaggregation of revenues for the three and nine months ended December 31, 2018 and 2017:

	For the Three Months Ended December 31,				For the Nine Months Ended December 31,
	2018		2017		2018		2017
	(unaudited)		(unaudited)		(unaudited)		(unaudited)

Online Lending Services
- Transaction fees	$	80,564	$	141,014	$	261,450	$	307,142
- Service fees		10,557		11,524		26,205		28,356
Automobile Transaction and Financing Services
- Service fees from automobile purchase services		70,654		-		70,654		-
- Facilitation fees from automobile transaction		16,424		-		16,424		-
- Service fees from management and guarantee services		21,332		-		21,332		-
- Other Service fees		10,326		-		10,326		-
	$	209,857	$	152,538	$	406,391	$	335,498