XML 84 R65.htm IDEA: XBRL DOCUMENT v3.10.0.1
PARENT-ONLY FINANCIALS CONDENSED STATEMENTS OF CASH FLOWS (Details) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities        
Net loss $ (768,292) $ (301,217) $ (2,488,661) $ (1,111,140)
Changes in operating assets and liabilities:        
Prepayments, receivables and other assets     (256,244) 6,797
Accrued expenses and other liabilities     107,872 (10,818)
Cash Flows Used in Operating Activities     (2,462,092) (417,645)
Cash Flows From Investing Activities:        
Deposits in intangible assets     (421,022) 0
Investment in a subsidiary      
Cash Flows Used in Investing Activities     (449,263) (412)
Cash Flows From Financing Activities:        
Release of escrow receivable     600,000 0
Cash Flows Used in Financing Activities     1,161,515 335,092
Net Decrease in Cash and Cash Equivalents     (1,849,847) (76,090)
Cash and cash equivalents at beginning of period     11,141,566 161,292
Cash and cash equivalents at end of period 9,291,719 85,202 9,291,719 85,202
Supplemental Cash Flows Information:        
Income tax paid     0 0
Parent Company [Member]        
Cash Flows From Operating Activities        
Net loss     (2,488,661) 0
Adjustments to reconcile net loss to net cash used in operating activities:        
Equity of loss of subsidiaries     1,606,947 0
Changes in operating assets and liabilities:        
Prepayments, receivables and other assets     6,313 0
Accrued expenses and other liabilities     63,302 0
Cash Flows Used in Operating Activities     (812,099) 0
Cash Flows From Investing Activities:        
Deposits in intangible assets     (230,000)
Investment in a subsidiary     (3,300,000)  
Cash Flows Used in Investing Activities     (3,530,000) 0
Cash Flows From Financing Activities:        
Repayment of borrowing to stockholders     (1,900,000) 0
Due to stockholders     154 0
Release of escrow receivable     600,000 0
Cash Flows Used in Financing Activities     (1,299,846) 0
Net Decrease in Cash and Cash Equivalents     (5,641,945) 0
Cash and cash equivalents at beginning of period     10,961,071 0
Cash and cash equivalents at end of period $ 5,319,126 $ 0 5,319,126 0
Supplemental Cash Flows Information:        
Income tax paid     0 0
Interest paid     0 0
Non-Cash Investing and Financing Activities:        
IPO issuance costs net against additional paid-in capital     6,526 0
IPO expenses paid by the Company's stockholders     $ 70,687 $ 0