Addentax (ATXG) 10-Q 15 Aug 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Jun. 30, 2022	Aug. 15, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--03-31
Entity File Number	333-206097
Entity Registrant Name	ADDENTAX GROUP CORP.
Entity Central Index Key	0001650101
Entity Tax Identification Number	35-2521028
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Kingkey 100, Block A
Entity Address, Address Line Two	Room 4805
Entity Address, Address Line Three	Luohu District
Entity Address, City or Town	Shenzhen City
Entity Address, Country	CN
Entity Address, Postal Zip Code	518000
City Area Code	(86)
Local Phone Number	755 86961 405
Title of 12(b) Security	Common Stock
Trading Symbol	ATXG
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		26,093,004

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 2,232,348	$ 1,390,644
Accounts receivables, net	2,137,753	2,164,970
Inventories	263,259	266,596
Prepayments and other receivables	1,047,597	575,210
Advances to suppliers	1,090,088	1,181,466
Amount due from related party	80,306	110,242
Total current assets	6,851,351	5,689,128
NON-CURRENT ASSETS
Plant and equipment, net	758,529	836,419
Long-term prepayments		31,496
Operating lease right of use asset	5,411,585	6,530,017
Total non-current assets	6,170,114	7,397,932
TOTAL ASSETS	13,021,465	13,087,060
CURRENT LIABILITIES
Short-term loan	142,591	151,090
Accounts payable	1,250,954	1,334,483
Amount due to related parties	3,978,713	3,694,989
Advances from customers	2,696	2,375
Accrued expenses and other payables	2,104,474	1,445,473
Operating lease liability current portion	3,612,922	3,763,931
Total current liabilities	11,092,350	10,392,341
NON-CURRENT LIABILITIES
Operating lease liability	1,798,662	2,766,086
TOTAL LIABILITIES	12,891,012	13,158,427
EQUITY (deficit)
Common stock ($0.001 par value, 50,000,000 shares authorized, 26,693,004 shares issued and outstanding at both June 30 and March 31, 2022)	26,693	26,693
Additional paid-in capital	6,815,333	6,815,333
Accumulated Deficit	(6,659,559)	(6,756,230)
Statutory reserve	13,821	13,821
Accumulated other comprehensive loss	(65,835)	(170,984)
Total equity (deficit)	130,453	(71,367)
TOTAL LIABILITIES AND EQUITY	$ 13,021,465	$ 13,087,060

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Mar. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	26,693,004	26,693,004
Common stock, shares outstanding	26,693,004	26,693,004

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
REVENUES	$ 2,386,384	$ 4,286,431
COST OF REVENUES	(1,929,700)	(3,703,026)
GROSS PROFIT	456,684	583,405
OPERATING EXPENSES
Selling and marketing	(5,642)	(46,390)
General and administrative	(404,940)	(460,315)
Total operating expenses	(410,582)	(506,705)
INCOME FROM OPERATIONS	46,102	76,700
Interest income	3,238	1,967
Interest expenses	(2,458)	(2,232)
Other income (expense), net	51,083	13,237
INCOME BEFORE INCOME TAX EXPENSE	97,965	89,672
INCOME TAX EXPENSE	(1,294)	(10,725)
NET (LOSS) INCOME	96,671	78,947
Foreign currency translation gain (loss)	105,149	(30,516)
TOTAL COMPREHENSIVE INCOME	$ 201,820	$ 48,431
EARNINGS (LOSS) PER SHARE
Basic and diluted	$ 0	$ 0
Weighted average number of shares outstanding – Basic and diluted	26,693,004	26,153,818

Condensed Consolidated Stateme

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings Unrestricted [Member]	Retained Earnings Statutory Reserve [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Mar. 31, 2021	$ 26,093	$ 6,815,333	$ (6,834,228)	$ 13,821	$ (103,117)	$ (81,498)
Beginning balance, shares at Mar. 31, 2021	26,693,004
Foreign currency translation					(30,516)	(30,516)
Net income for the period			78,947			78,947
Ending balance, value at Jun. 30, 2021	$ 26,693	6,815,333	(6,755,281)	13,821	(133,633)	(33,067)
Ending balance, shares at Jun. 30, 2021	26,693,004
Beginning balance, value at Mar. 31, 2022	$ 26,693	6,815,333	(6,756,230)	13,821	(170,984)	(71,367)
Beginning balance, shares at Mar. 31, 2022	26,693,004
Foreign currency translation					105,149	105,149
Net income for the period			96,671			96,671
Ending balance, value at Jun. 30, 2022	$ 26,693	$ 6,815,333	$ (6,659,559)	$ 13,821	$ (65,835)	$ 130,453
Ending balance, shares at Jun. 30, 2022	26,693,004

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 96,671	$ 78,947
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation	35,883	33,986
Changes in operating assets and liabilities
Accounts receivable	27,217	(2,031,892)
Inventories	3,337	(137,894)
Advances to suppliers	91,378	(383,233)
Other receivables	(443,140)	(317,382)
Accounts payables	(83,529)	1,380,495
Accrued expenses and other payables	549,880	129,338
Advances from customers	321	(3,029)
Net cash provided by (used in) operating activities	278,018	(1,250,664)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of plant and equipment and other assets		(104,235)
Net cash used in investing activities		(104,235)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related party borrowings	980,724	1,292,956
Repayment of related party borrowings	(364,452)	(806,994)
Repayment of bank borrowings	(424)
Net cash provided by financing activities	615,848	485,962
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	893,866	(868,937)
Effect of exchange rate changes on cash and cash equivalents	(52,162)	(3,969)
Cash and cash equivalents, beginning of the period	1,390,644	1,845,077
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	2,232,348	972,171
Supplemental disclosure of cash flow information:
Cash paid during the year for interest		1,936
Cash paid during the year for income tax	1,294	10,725
Supplemental disclosure of non-cash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease obligations		$ 178,189

ORGANIZATION AND BUSINESS ACQUI

ORGANIZATION AND BUSINESS ACQUISITIONS	3 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
ORGANIZATION AND BUSINESS ACQUISITIONS	1. ORGANIZATION AND BUSINESS ACQUISITIONS ATXG and its subsidiaries (the “Company”) are engaged in the business of garments manufacturing, providing logistic services, property leasing and management service in the People’s Republic of China (“PRC” or “China”) and epidemic prevention supplies manufacturing and distribution both in China and overseas markets.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	2. BASIS OF PRESENTATION In the opinion of management, the unaudited condensed consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair presentation of the results for the interim periods presented. All significant intercompany transactions and balances are eliminated in consolidation. However, the results of operations included in such financial statements may not necessary be indicative of annual results. The Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2022 filed with the Securities and Exchange Commission (“SEC”) on June 23, 2022 (“2022 Form 10-K”). GOING CONCERN UNCERTAINTY The accompanying unaudited condensed consolidated financial statements are presented on the basis that the Company is a going concern. The going concern assumption contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred net income of $ 96,671 and $ 78,947 for the three months ended June 30, 2022 and 2021, respectively. As of June 30, 2022 and March 31, 2022, the Company had net current liability of $ 4,240,999 and $ 4,703,213 , respectively, and total equity of $ 130,453 and a deficit on total equity of $ 71,367 , respectively. The Company expects to finance operations primarily through cash flow from revenue, capital contributions from the CEO and proceeds from proposed IPO. During the year, the CEO has provided financial support for the operations of the Company. In the event that the Company requires additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, the CEO has indicated the intent and ability to provide additional equity financing. The growth and development of our business will require a significant amount of additional working capital. We currently have limited financial resources and based on our current operating plan, we will need to raise additional capital in order to continue as a going concern. We currently do not have adequate cash to meet our short or long-term objectives. In the event additional capital is raised, it may have a dilutive effect on our existing stockholders. We are subject to all the substantial risks inherent in the development of a new business enterprise within an extremely competitive industry. Due to the absence of a long standing operating history and the emerging nature of the markets in which we compete, we anticipate operating losses until we can successfully implement our business strategy, which includes all associated revenue streams. Our revenue model is new and evolving, and we cannot be certain that it will be successful. The potential profitability of this business model is unproven. We may never ever achieve profitable operations. Our future operating results depend on many factors, including demand for our services, the level of competition, and the ability of our officers to manage our business and growth. As a result of the emerging nature of the market in which we compete, we may incur operating losses until such time as we can develop a substantial and stable revenue base. Additional development expenses may delay or negatively impact the ability of the Company to generate profits. Accordingly, we cannot assure you that our business model will be successful or that we can sustain revenue growth, achieve or sustain profitability, or continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. There is no change on the accounting policies for the three months ended June 30, 2022. Recently issued accounting pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments. This standard requires a financial asset (or group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. This standard will be effective for the Company on April 1, 2023. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements. The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s consolidated financial statements.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	4. RELATED PARTY TRANSACTIONS SCHEDULE OF RELATED PARTIES RELATIONSHIP WITH THE COMPANY Name of Related Parties Relationship with the Company Zhida Hong President, CEO, and a director of the Company Bihua Yang A legal representative of Shenzhen Xin Kuai Jie Transportation Co., Ltd (“XKJ”), a wholly subsidiary of our Company Zhiyong Zhou General Manager of XKJ, ceased to be general manager of XKJ since May, 2022 Dewu Huang A legal representative of Shantou Yi Bai Yi Garments Co., Ltd (“YBY”), a wholly-owned subsidiary of our Company Jinlong Huang A spouse of legal representative of Dongguan Heng Sheng Wei Garments Co., Ltd (“HSW”), a wholly owned subsidiary of our Company The Company leases Shenzhen XKJ office rent-free from Bihua Yang. The Company had the following related party balances as of June 30, 2022 and March 31, 2022: SCHEDULE OF RELATED PARTIES Amount due from related party June 30, 2022 March 31, 2022 Hongye Financial Consulting (Shenzhen) Co., Ltd. $ 80,306 $ 110,242 $ 80,306 $ 110,242 Related party borrowings June 30, 2022 March 31, 2022 Zhida Hong (1) $ 3,258,845 $ 3,297,951 Zhiyong Zhou (2) 322,631 - Bihua Yang (3) 70,264 31,738 Dewu Huang 221,359 212,290 Jinlong Huang 105,614 153,010 $ 3,978,713 $ 3,694,989 (1) Being interest free loan as financial support from Zhida Hong to daily operation of the Company. (2) Being interest free loan as financial support from Zhiyong Zhou to pay for daily operating expenditures of XKJ. (3) Being financial support from Bihua Yang for XKJ’s daily operation. (4) Being interest free advanced loan as financial support from Dewu Huang for YBY’s daily operation. The borrowing balances with related parties are unsecured, non-interest bearing and repayable on demand.

INVENTORIES

INVENTORIES	3 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
INVENTORIES	5. INVENTORIES Inventories consist of the following as of June 30, 2022 and March 31, 2022: SCHEDULE OF INVENTORIES June 30, 2022 March 31, 2022 Raw materials $ 26,332 $ 184,498 Work in progress 142,947 1,327 Finished goods 93,980 80,771 Total inventories $ 263,259 $ 266,596

ADVANCES TO SUPPLIERS

ADVANCES TO SUPPLIERS	3 Months Ended
	Jun. 30, 2022
Advances To Suppliers
ADVANCES TO SUPPLIERS	6. ADVANCES TO SUPPLIERS The Company has made advances to third-party suppliers in advance of receiving inventory parts. These advances are generally made to expedite the delivery of required inventory when needed and to help to ensure priority and preferential pricing on such inventory. The amounts advanced to suppliers are fully refundable on demand. The Company reviews a supplier’s credit history and background information before advancing a payment. If the financial condition of its suppliers were to deteriorate, resulting in an impairment of their ability to deliver goods or provide services, the Company would recognize bad debt expense in the period they are considered unlikely to be collected.

PREPAYMENTS AND OTHER RECEIVABL

PREPAYMENTS AND OTHER RECEIVABLES	3 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
PREPAYMENTS AND OTHER RECEIVABLES	7. PREPAYMENTS AND OTHER RECEIVABLES Prepayments and other receivables consist of the following as of June 30, 2022 and March 31, 2022: SCHEDULE OF PREPAYMENTS AND OTHER RECEIVABLES June 30, 2022 March 31, 2022 Prepayment 65,902 14,046 Deposit 134,744 64,653 Receivable of consideration on disposal of subsidiaries 251,801 269,798 Other receivables 595,150 226,713 Total prepayments and other receivables $ 1,047,597 $ 575,210

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	8. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consists of the following as of June 30, 2022 and March 31, 2022: SCHEDULE OF PROPERTY PLANT AND EQUIPMENT June 30, 2022 March 31, 2022 Production plant $ 70,074 $ 74,034 Motor vehicles 1,128,524 1,192,296 Office equipment 26,683 28,191 Plant and equipment, gross 1,225,281 1,294,521 Less: accumulated depreciation (466,752 ) (458,102 ) Plant and equipment, net $ 758,529 $ 836,419 Depreciation expense for the three months ended June 30, 2022 and 2021 was $ 35,883 33,986

SHORT-TERM BANK LOAN

SHORT-TERM BANK LOAN	3 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
SHORT-TERM BANK LOAN	9. SHORT-TERM BANK LOAN In August 2019, HSW entered into a facility agreement with Agricultural Bank of China and obtained a line of credit, which allows the Company to borrow up to approximately $ 153,172 1,000,000 142,591 955,281 151,090 4.84 4.9 September 30, 2021

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	10. INCOME TAXES (a) Enterprise Income Tax (“EIT”) The Company operates in the PRC and files tax returns in the PRC jurisdictions. Yingxi Industrial Chain Group Co., Ltd was incorporated in the Republic of Seychelles and, under the current laws of the British Virgin Islands, is not subject to income taxes. It’s wholly owned subsidiary of Addentax Group Corp. Yingxi HK (Yingxi Industrial Chain Investment Co., Ltd.) was incorporated in Hong Kong which is indirectly wholly owned by Addentax Group Corp., and is subject to Hong Kong income tax at a progressive rate of 16.5 YX, our wholly owned subsidiary, were incorporated in the PRC and is subject to the EIT tax rate of 25 The Company is governed by the Income Tax Laws of the PRC. All Yingxi’s operating companies were subject to progressive EIT rates from 5 15 The preferential tax rate will be expired at end of year 2022 and the EIT rate will be 25% from year 2023 The Company’s parent entity, Addentax Group Corp. is a U.S entity and is subject to the United States federal income tax. No provision for income taxes in the United States has been made as Addentax Group Corp. had no United States taxable income for the three months ended June 30, 2022 and 2021. The reconciliation of income taxes computed at the PRC statutory tax rate applicable to the PRC, to income tax expenses are as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION Three months ended June 30, 2022 2021 PRC statutory tax rate 25 % 25 % Computed expected benefits (expense) 24,491 22,418 Temporary differences (40,566 ) (39,459 ) Permanent difference (2,561 ) 1,478 Changes in valuation allowance 19,930 26,288 Income tax expense $ 1,294 $ 10,725 (b) Value Added Tax (“VAT”) In accordance with the relevant taxation laws in the PRC, the normal VAT rate for domestic sales is 13 13 For services, the applicable VAT rate is 9 3

CONSOLIDATED SEGMENT DATA

CONSOLIDATED SEGMENT DATA	3 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
CONSOLIDATED SEGMENT DATA	11. CONSOLIDATED SEGMENT DATA Segment information is consistent with how chief operating decision maker reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. The segment data presented reflects this segment structure. The Company reports financial and operating information in the following four segments: (a) Garment manufacturing (b) Logistics services (c) Epidemic prevention supplies (d) Property management and subleasing. The Company also provides general corporate services to its segments and these costs are reported as “Corporate and others”. Selected information in the segment structure is presented in the following tables: Revenues by segment for the three months ended June 30, 2022 and 2021 are as follows: SCHEDULE OF SEGMENT REPORTING FOR REVENUE Three months ended Revenues from external customers 2022 2021 Garments manufacturing segment $ 40,426 $ 2,069,141 Logistics services segment 1,390,882 1,108,042 Property management and subleasing 954,835 1,109,248 Epidemic prevention supplies segment 241 - Total of reportable segments and consolidated revenue $ 2,386,384 $ 4,286,431 Intersegment revenue Garments manufacturing segment - 2,417 Income from operations by segment for the three ended June 30, 2022 and 2021 are as follows: SCHEDULE OF SEGMENT REPORTING FOR INCOME FROM OPERATION Three months ended June 30, 2022 2021 Garment manufacturing segment $ (28,656 ) $ 123,629 Logistics services segment 120,041 4,863 Property management and subleasing 34,097 57,211 Epidemic prevention supplies - - Total of reportable segments 125,482 185,703 Corporate and other (79,380 ) (109,003 ) Total consolidated income from operations $ 46,102 $ 76,700 Total assets by segment as at June 30, 2022 and March 31, 2022 are as follows: SCHEDULE OF SEGMENT REPORTING FOR ASSETS Total assets June 30, March 31, 2022 Garment manufacturing segment $ 1,723,582 $ 1,784,020 Logistics services segment 2,993,573 2,610,469 Property management and subleasing 7,312,321 7,608,997 Epidemic prevention supplies 35,042 64,885 Total of reportable segments 12,064,518 12,068,371 Corporate and other 956,947 1,018,689 Consolidated total assets $ 13,021,465 $ 13,087,060 Geographical Information The Company operates predominantly in China. In presenting information on the basis of geographical location, revenue is based on the geographical location of customers and long-lived assets are based on the geographical location of the assets. SCHEDULE OF GEOGRAPHICAL INFORMATION Geographic Information Three months ended 2022 2021 Revenues China 2,386,384 4,286,431 Total 2,386,384 4,286,431 June 30, 2022 March 31, 2022 Long-Lived Assets China 6,170,113 7,397,931

LEASE RIGHT-OF-USE ASSET AND LE

LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES	3 Months Ended
	Jun. 30, 2022
Lease Right-of-use Asset And Lease Liabilities
LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES	12. LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES The Company recognized right-of-use asset as well as lease liability according to the ASC 842, Leases (with the exception of short-term leases). Lease liabilities are measured at present value of the sum of remaining rental payments as of June 30, 2022, with discounted rate of 4.75 The Company leases its head office. The lease period is 5 4.5 3 The Following table summarizes the components of lease expense: SCHEDULE OF LEASE COST Three months ended 2022 2021 Operating lease cost 944,549 934,666 Short-term lease cost 20,444 20,902 Total $ 964,993 $ 955,568 The following table summarizes supplemental information related to leases: SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES Three months ended 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flow from operating leases $ 964,993 $ 955,568 Right-of-use assets obtained in exchange for new operating leases liabilities - 178,189 Weighted average remaining lease term - Operating leases (years) 1.5 2.5 Weighted average discount rate - Operating leases 4.75 % 4.75 % The following table summarizes the maturity of operating lease liabilities: SCHEDULE OF OPERATING LEASE LIABILITY Years ending June 30 Lease cost 2023 $ 3,784,536 2024 1,959,775 2025 14,474 Total lease payments 5,758,785 Less: Interest (347,200 ) Total $ 5,411,585

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	3 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
RISKS AND UNCERTAINTIES	13. RISKS AND UNCERTAINTIES (a) Economic and Political Risks The Company’s operations are conducted in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC economy. The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. (b) Foreign Currency Translation The Company’s reporting currency is the U.S. dollar. The functional currency of the parent company is the U.S. dollar and the functional currency of the Company’s operating subsidiaries is the Chinese Renminbi (“RMB”). For the subsidiaries whose functional currencies are the RMB, all assets and liabilities are translated at exchange rates at the balance sheet date, which was 6.699 6.341 6.603 6.461 (c) Concentration Risks The followings are the percentages of accounts receivable balance of the top customers over accounts receivable for each segment as of June 30, 2022 and March 31, 2022. SCHEDULE OF CONCENTRATION RISKS Garment manufacturing segment June 30, 2022 March 31, 2022 Customer A 89.4 % 85.3 % Customer B 10.6 % 11.4 % The high concentration as of June 30, 2022 was mainly due to business development of a large distributor of garments. Management believes that should the Company lose any one of its major customers, it was able to sell similar products to other customers. Logistics services segment June 30, 2022 March 31, 2022 Customer A 17.0 % 8.2 % Customer B 15.0 % 19.1 % Customer C 13.8 % Nil % Customer D 9.8 % 6.7 % Customer E 8.3 % 3.9 % Property management and subleasing segment There is no account receivable for Property management and subleasing segment as for March 31, 2022. Epidemic prevention supplies segment The accounts receivable of Epidemic prevention supplies segment as at June 30, 2022 was from one customer only. For the three months ended June 30, 2022, one customer from Logistics services segment provided more than 10% of total revenue of the Company, represented 13.1 98.8 Management believes that should the Company lose any one of its major customers, it was able to sell similar products to other customers. The following tables summarized the purchases from five largest suppliers of each of the reportable segment for the three months ended June 30, 2022 and 2021. SCHEDULE OF PURCHASES FROM SUPPLIERS Three months ended June 30, 2022 2021 Garment manufacturing segment Nil % 100.0 % Logistics services segment 100.0 % 61.6 % Property management and subleasing 100.0 % 100.0 % Epidemic prevention supplies Nil % Nil % (d) Interest Rate Risk The Company’s exposure to interest rate risk primarily relates to the interest expenses on our outstanding bank borrowings and the interest income generated by cash invested in cash deposits and liquid investments. As of June 30, 2022, the total outstanding borrowings amounted to $ 142,591 955,281 4.84 6.96 (e) COVID-19 The Coronavirus Disease (COVID-19) outbreak and the measures taken to contain the spread of the pandemic have created a high level of uncertainty to global economic prospects and this has impacted the Company’s operations and its financial performance in the last three quarters of the financial year and subsequent to the financial year end. As the situation continues to evolve with significant level of uncertainty, the Company is unable to reasonably estimate the full financial impact of the COVID-19 outbreak. The Company is monitoring the situation closely and to mitigate the financial impact, it is conscientiously managing its cost by adopting an operating cost reduction strategy and conserving liquidity by working with major creditors to align repayment obligations with receivable collections.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. There is no change on the accounting policies for the three months ended June 30, 2022.
Recently issued accounting pronouncements	Recently issued accounting pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments. This standard requires a financial asset (or group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. This standard will be effective for the Company on April 1, 2023. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements. The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s consolidated financial statements.

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
SCHEDULE OF RELATED PARTIES RELATIONSHIP WITH THE COMPANY	SCHEDULE OF RELATED PARTIES RELATIONSHIP WITH THE COMPANY Name of Related Parties Relationship with the Company Zhida Hong President, CEO, and a director of the Company Bihua Yang A legal representative of Shenzhen Xin Kuai Jie Transportation Co., Ltd (“XKJ”), a wholly subsidiary of our Company Zhiyong Zhou General Manager of XKJ, ceased to be general manager of XKJ since May, 2022 Dewu Huang A legal representative of Shantou Yi Bai Yi Garments Co., Ltd (“YBY”), a wholly-owned subsidiary of our Company Jinlong Huang A spouse of legal representative of Dongguan Heng Sheng Wei Garments Co., Ltd (“HSW”), a wholly owned subsidiary of our Company
SCHEDULE OF RELATED PARTIES	The Company had the following related party balances as of June 30, 2022 and March 31, 2022: SCHEDULE OF RELATED PARTIES Amount due from related party June 30, 2022 March 31, 2022 Hongye Financial Consulting (Shenzhen) Co., Ltd. $ 80,306 $ 110,242 $ 80,306 $ 110,242 Related party borrowings June 30, 2022 March 31, 2022 Zhida Hong (1) $ 3,258,845 $ 3,297,951 Zhiyong Zhou (2) 322,631 - Bihua Yang (3) 70,264 31,738 Dewu Huang 221,359 212,290 Jinlong Huang 105,614 153,010 $ 3,978,713 $ 3,694,989 (1) Being interest free loan as financial support from Zhida Hong to daily operation of the Company. (2) Being interest free loan as financial support from Zhiyong Zhou to pay for daily operating expenditures of XKJ. (3) Being financial support from Bihua Yang for XKJ’s daily operation. (4) Being interest free advanced loan as financial support from Dewu Huang for YBY’s daily operation.

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORIES	Inventories consist of the following as of June 30, 2022 and March 31, 2022: SCHEDULE OF INVENTORIES June 30, 2022 March 31, 2022 Raw materials $ 26,332 $ 184,498 Work in progress 142,947 1,327 Finished goods 93,980 80,771 Total inventories $ 263,259 $ 266,596

PREPAYMENTS AND OTHER RECEIVA_2

PREPAYMENTS AND OTHER RECEIVABLES (Tables)	3 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
SCHEDULE OF PREPAYMENTS AND OTHER RECEIVABLES	Prepayments and other receivables consist of the following as of June 30, 2022 and March 31, 2022: SCHEDULE OF PREPAYMENTS AND OTHER RECEIVABLES June 30, 2022 March 31, 2022 Prepayment 65,902 14,046 Deposit 134,744 64,653 Receivable of consideration on disposal of subsidiaries 251,801 269,798 Other receivables 595,150 226,713 Total prepayments and other receivables $ 1,047,597 $ 575,210

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY PLANT AND EQUIPMENT	Property, plant and equipment consists of the following as of June 30, 2022 and March 31, 2022: SCHEDULE OF PROPERTY PLANT AND EQUIPMENT June 30, 2022 March 31, 2022 Production plant $ 70,074 $ 74,034 Motor vehicles 1,128,524 1,192,296 Office equipment 26,683 28,191 Plant and equipment, gross 1,225,281 1,294,521 Less: accumulated depreciation (466,752 ) (458,102 ) Plant and equipment, net $ 758,529 $ 836,419

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION	The reconciliation of income taxes computed at the PRC statutory tax rate applicable to the PRC, to income tax expenses are as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION Three months ended June 30, 2022 2021 PRC statutory tax rate 25 % 25 % Computed expected benefits (expense) 24,491 22,418 Temporary differences (40,566 ) (39,459 ) Permanent difference (2,561 ) 1,478 Changes in valuation allowance 19,930 26,288 Income tax expense $ 1,294 $ 10,725

CONSOLIDATED SEGMENT DATA (Tabl

CONSOLIDATED SEGMENT DATA (Tables)	3 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
SCHEDULE OF SEGMENT REPORTING FOR REVENUE	Revenues by segment for the three months ended June 30, 2022 and 2021 are as follows: SCHEDULE OF SEGMENT REPORTING FOR REVENUE Three months ended Revenues from external customers 2022 2021 Garments manufacturing segment $ 40,426 $ 2,069,141 Logistics services segment 1,390,882 1,108,042 Property management and subleasing 954,835 1,109,248 Epidemic prevention supplies segment 241 - Total of reportable segments and consolidated revenue $ 2,386,384 $ 4,286,431 Intersegment revenue Garments manufacturing segment - 2,417
SCHEDULE OF SEGMENT REPORTING FOR INCOME FROM OPERATION	Income from operations by segment for the three ended June 30, 2022 and 2021 are as follows: SCHEDULE OF SEGMENT REPORTING FOR INCOME FROM OPERATION Three months ended June 30, 2022 2021 Garment manufacturing segment $ (28,656 ) $ 123,629 Logistics services segment 120,041 4,863 Property management and subleasing 34,097 57,211 Epidemic prevention supplies - - Total of reportable segments 125,482 185,703 Corporate and other (79,380 ) (109,003 ) Total consolidated income from operations $ 46,102 $ 76,700
SCHEDULE OF SEGMENT REPORTING FOR ASSETS	Total assets by segment as at June 30, 2022 and March 31, 2022 are as follows: SCHEDULE OF SEGMENT REPORTING FOR ASSETS Total assets June 30, March 31, 2022 Garment manufacturing segment $ 1,723,582 $ 1,784,020 Logistics services segment 2,993,573 2,610,469 Property management and subleasing 7,312,321 7,608,997 Epidemic prevention supplies 35,042 64,885 Total of reportable segments 12,064,518 12,068,371 Corporate and other 956,947 1,018,689 Consolidated total assets $ 13,021,465 $ 13,087,060
SCHEDULE OF GEOGRAPHICAL INFORMATION	The Company operates predominantly in China. In presenting information on the basis of geographical location, revenue is based on the geographical location of customers and long-lived assets are based on the geographical location of the assets. SCHEDULE OF GEOGRAPHICAL INFORMATION Geographic Information Three months ended 2022 2021 Revenues China 2,386,384 4,286,431 Total 2,386,384 4,286,431 June 30, 2022 March 31, 2022 Long-Lived Assets China 6,170,113 7,397,931

LEASE RIGHT-OF-USE ASSET AND _2

LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES (Tables)	3 Months Ended
	Jun. 30, 2022
Lease Right-of-use Asset And Lease Liabilities
SCHEDULE OF LEASE COST	The Following table summarizes the components of lease expense: SCHEDULE OF LEASE COST Three months ended 2022 2021 Operating lease cost 944,549 934,666 Short-term lease cost 20,444 20,902 Total $ 964,993 $ 955,568
SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES	The following table summarizes supplemental information related to leases: SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES Three months ended 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flow from operating leases $ 964,993 $ 955,568 Right-of-use assets obtained in exchange for new operating leases liabilities - 178,189 Weighted average remaining lease term - Operating leases (years) 1.5 2.5 Weighted average discount rate - Operating leases 4.75 % 4.75 %
SCHEDULE OF OPERATING LEASE LIABILITY	The following table summarizes the maturity of operating lease liabilities: SCHEDULE OF OPERATING LEASE LIABILITY Years ending June 30 Lease cost 2023 $ 3,784,536 2024 1,959,775 2025 14,474 Total lease payments 5,758,785 Less: Interest (347,200 ) Total $ 5,411,585

RISKS AND UNCERTAINTIES (Tables

RISKS AND UNCERTAINTIES (Tables)	3 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
SCHEDULE OF CONCENTRATION RISKS	The followings are the percentages of accounts receivable balance of the top customers over accounts receivable for each segment as of June 30, 2022 and March 31, 2022. SCHEDULE OF CONCENTRATION RISKS Garment manufacturing segment June 30, 2022 March 31, 2022 Customer A 89.4 % 85.3 % Customer B 10.6 % 11.4 % The high concentration as of June 30, 2022 was mainly due to business development of a large distributor of garments. Management believes that should the Company lose any one of its major customers, it was able to sell similar products to other customers. Logistics services segment June 30, 2022 March 31, 2022 Customer A 17.0 % 8.2 % Customer B 15.0 % 19.1 % Customer C 13.8 % Nil % Customer D 9.8 % 6.7 % Customer E 8.3 % 3.9 %
SCHEDULE OF PURCHASES FROM SUPPLIERS	The following tables summarized the purchases from five largest suppliers of each of the reportable segment for the three months ended June 30, 2022 and 2021. SCHEDULE OF PURCHASES FROM SUPPLIERS Three months ended June 30, 2022 2021 Garment manufacturing segment Nil % 100.0 % Logistics services segment 100.0 % 61.6 % Property management and subleasing 100.0 % 100.0 % Epidemic prevention supplies Nil % Nil %

BASIS OF PRESENTATION (Details

BASIS OF PRESENTATION (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net Income (Loss) Attributable to Parent	$ 96,671	$ 78,947
Net current liability	4,240,999		$ 4,703,213
Stockholders' Equity Attributable to Parent	130,453	(33,067)	(71,367)	$ (81,498)
Stockholders' Equity Attributable to Parent	$ (130,453)	$ 33,067	$ 71,367	$ 81,498

SCHEDULE OF RELATED PARTIES REL

SCHEDULE OF RELATED PARTIES RELATIONSHIP WITH THE COMPANY (Details)	3 Months Ended
	Jun. 30, 2022
Zhida Hong [Member]
Related Party Transaction [Line Items]
Name of Related Parties	Zhida Hong
Relationship with the Company	President, CEO, and a director of the Company
Bihua Yang [Member]
Related Party Transaction [Line Items]
Name of Related Parties	Bihua Yang
Relationship with the Company	A legal representative of Shenzhen Xin Kuai Jie Transportation Co., Ltd (“XKJ”), a wholly subsidiary of our Company
Zhiyong Zhou [Member]
Related Party Transaction [Line Items]
Name of Related Parties	Zhiyong Zhou
Relationship with the Company	General Manager of XKJ, ceased to be general manager of XKJ since May, 2022
Dewu Huang [Member]
Related Party Transaction [Line Items]
Name of Related Parties	Dewu Huang
Relationship with the Company	A legal representative of Shantou Yi Bai Yi Garments Co., Ltd (“YBY”), a wholly-owned subsidiary of our Company
Jinlong Huang [Member]
Related Party Transaction [Line Items]
Name of Related Parties	Jinlong Huang
Relationship with the Company	A spouse of legal representative of Dongguan Heng Sheng Wei Garments Co., Ltd (“HSW”), a wholly owned subsidiary of our Company

SCHEDULE OF RELATED PARTIES (De

SCHEDULE OF RELATED PARTIES (Details) - USD ($)		Jun. 30, 2022	Mar. 31, 2022
Related Party Transaction [Line Items]
Amounts due from related parties		$ 80,306	$ 110,242
Amounts due to related parties		3,978,713	3,694,989
Hongye Financial Consulting (Shenzhen) Co., Ltd [Member]
Related Party Transaction [Line Items]
Amounts due from related parties		80,306	110,242
Zhida Hong [Member]
Related Party Transaction [Line Items]
Amounts due to related parties	[1]	3,258,845	3,297,951
Zhiyong Zhou [Member]
Related Party Transaction [Line Items]
Amounts due to related parties	[2]	322,631
Bihua Yang [Member]
Related Party Transaction [Line Items]
Amounts due to related parties	[3]	70,264	31,738
Dewu Huang [Member]
Related Party Transaction [Line Items]
Amounts due to related parties		221,359	212,290
Jinlong Huang [Member]
Related Party Transaction [Line Items]
Amounts due to related parties		$ 105,614	$ 153,010
[1] Being interest free loan as financial support from Zhida Hong to daily operation of the Company.[2]Being interest free loan as financial support from Zhiyong Zhou to pay for daily operating expenditures of XKJ.[3]Being financial support from Bihua Yang for XKJ’s daily operation.

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 26,332	$ 184,498
Work in progress	142,947	1,327
Finished goods	93,980	80,771
Total inventories	$ 263,259	$ 266,596

SCHEDULE OF PREPAYMENTS AND OTH

SCHEDULE OF PREPAYMENTS AND OTHER RECEIVABLES (Details) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Receivables [Abstract]
Prepayment	$ 65,902	$ 14,046
Deposit	134,744	64,653
Receivable of consideration on disposal of subsidiaries	251,801	269,798
Other receivables	595,150	226,713
Total prepayments and other receivables	$ 1,047,597	$ 575,210

SCHEDULE OF PROPERTY PLANT AND

SCHEDULE OF PROPERTY PLANT AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	$ 1,225,281	$ 1,294,521
Less: accumulated depreciation	(466,752)	(458,102)
Plant and equipment, net	758,529	836,419
Production Plant [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	70,074	74,034
Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	1,128,524	1,192,296
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	$ 26,683	$ 28,191

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 35,883	$ 33,986

SHORT-TERM BANK LOAN (Details N

SHORT-TERM BANK LOAN (Details Narrative)	1 Months Ended	3 Months Ended
	Aug. 31, 2019 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Mar. 31, 2022 USD ($)	Aug. 31, 2019 CNY (¥)
Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate		4.84%
Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate		6.96%
Dongguan Agricultural Bank of China [Member] | Facility Agreement [Member]
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity	$ 153,172				¥ 1,000,000
Line of credit outstanding value		$ 142,591	¥ 955,281	$ 151,090
Line of credit facility, expiration date	Sep. 30, 2021
Dongguan Agricultural Bank of China [Member] | Facility Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate		4.84%
Dongguan Agricultural Bank of China [Member] | Facility Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate		4.90%

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Reported income tax expense	$ 1,294	$ 10,725
Peoples Republic of China [Member]
PRC statutory tax rate	25%	25%
Computed expected benefits	$ 24,491	$ 22,418
Temporary differences	(40,566)	(39,459)
Permanent difference	(2,561)	1,478
Change in valuation allowance	19,930	26,288
Reported income tax expense	$ 1,294	$ 10,725

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
HSW, DT and YS [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage of preferential value added tax	13%
Shenzhen Hua Peng Fa Logistic Co., Ltd [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage of preferential value added tax	3%	3%
Domestic Tax Authority [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage of value added tax	13%
Logistic Company [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage of value added tax	9%
HONG KONG
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Income tax rate	16.50%	16.50%
Peoples Republic of China [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Federal statutory tax rate	25%	25%
Percentage of preferential tax benefits and EIT rate and term description	The preferential tax rate will be expired at end of year 2022 and the EIT rate will be 25% from year 2023
Peoples Republic of China [Member] | Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage on enterprise income tax	5%
Peoples Republic of China [Member] | Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage on enterprise income tax		15%

SCHEDULE OF SEGMENT REPORTING F

SCHEDULE OF SEGMENT REPORTING FOR REVENUE (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total of reportable segments and consolidated revenue	$ 2,386,384	$ 4,286,431
Garment Manufacturing Segment [Member]
Segment Reporting Information [Line Items]
Total of reportable segments and consolidated revenue	40,426	2,069,141
Garments manufacturing segment		2,417
Logistic Services Segment [Member]
Segment Reporting Information [Line Items]
Total of reportable segments and consolidated revenue	1,390,882	1,108,042
Property Management and Subleasing [Member]
Segment Reporting Information [Line Items]
Total of reportable segments and consolidated revenue	954,835	1,109,248
Epidemic Prevention Supplies Segment [Member]
Segment Reporting Information [Line Items]
Total of reportable segments and consolidated revenue	$ 241

SCHEDULE OF SEGMENT REPORTING_2

SCHEDULE OF SEGMENT REPORTING FOR INCOME FROM OPERATION (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total consolidated income from operations	$ 46,102	$ 76,700
Garment Manufacturing Segment [Member]
Segment Reporting Information [Line Items]
Total consolidated income from operations	(28,656)	123,629
Logistic Services Segment [Member]
Segment Reporting Information [Line Items]
Total consolidated income from operations	120,041	4,863
Property Management and Subleasing [Member]
Segment Reporting Information [Line Items]
Total consolidated income from operations	34,097	57,211
Epidemic Prevention Supplies Segment [Member]
Segment Reporting Information [Line Items]
Total consolidated income from operations
Other Segments [Member]
Segment Reporting Information [Line Items]
Total consolidated income from operations	125,482	185,703
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total consolidated income from operations	$ (79,380)	$ (109,003)

SCHEDULE OF SEGMENT REPORTING_3

SCHEDULE OF SEGMENT REPORTING FOR ASSETS (Details) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Segment Reporting Information [Line Items]
Consolidated total assets	$ 13,021,465	$ 13,087,060
Garment Manufacturing Segment [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	1,723,582	1,784,020
Logistic Services Segment [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	2,993,573	2,610,469
Property Management and Subleasing [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	7,312,321	7,608,997
Epidemic Prevention Supplies Segment [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	35,042	64,885
Other Segments [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	12,064,518	12,068,371
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	$ 956,947	$ 1,018,689

SCHEDULE OF GEOGRAPHICAL INFORM

SCHEDULE OF GEOGRAPHICAL INFORMATION (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 2,386,384	$ 4,286,431
CHINA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	2,386,384	$ 4,286,431
Long-Lived Assets	$ 6,170,113		$ 7,397,931

SCHEDULE OF LEASE COST (Details

SCHEDULE OF LEASE COST (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Lease Right-of-use Asset And Lease Liabilities
Operating lease cost	$ 944,549	$ 934,666
Short-term lease cost	20,444	20,902
Total	$ 964,993	$ 955,568

SCHEDULE OF SUPPLEMENTAL INFORM

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Lease Right-of-use Asset And Lease Liabilities
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow used in operating leases	$ 964,993	$ 955,568
Right-of-use assets obtained in exchange for new operating leases liabilities		$ 178,189
Weighted average remaining lease term - Operating leases (years)	1 year 6 months	2 years 6 months
Weighted average discount rate - Operating leases	4.75%	4.75%

SCHEDULE OF OPERATING LEASE LIA

SCHEDULE OF OPERATING LEASE LIABILITY (Details)	Jun. 30, 2022 USD ($)
Lease Right-of-use Asset And Lease Liabilities
2023	$ 3,784,536
2024	1,959,775
2025	14,474
Total lease payments	5,758,785
Less: Interest	(347,200)
Total	$ 5,411,585

LEASE RIGHT-OF-USE ASSET AND _3

LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES (Details Narrative)	Jun. 30, 2022	Jun. 30, 2021
Weighted average discount rate leases	4.75%	4.75%
Plant and Dormitory [Member]
Lease period	4 years 6 months
Floors in Commercial Duilding [Member]
Lease period	3 years
Head Office [Member]
Lease period	5 years

SCHEDULE OF CONCENTRATION RISKS

SCHEDULE OF CONCENTRATION RISKS (Details) - Accounts Receivable [Member] - Customer Concentration Risk [Member]	3 Months Ended	12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Garment Manufacturing Segment [Member] | Customer A [Member]
Concentration Risk [Line Items]
Percentage of risk	89.40%	85.30%
Garment Manufacturing Segment [Member] | Customer B [Member]
Concentration Risk [Line Items]
Percentage of risk	10.60%	11.40%
Logistics Services Segment [Member] | Customer A [Member]
Concentration Risk [Line Items]
Percentage of risk	17%	8.20%
Logistics Services Segment [Member] | Customer B [Member]
Concentration Risk [Line Items]
Percentage of risk	15%	19.10%
Logistics Services Segment [Member] | Customer C [Member]
Concentration Risk [Line Items]
Percentage of risk	13.80%
Logistics Services Segment [Member] | Customer D [Member]
Concentration Risk [Line Items]
Percentage of risk	9.80%	6.70%
Logistics Services Segment [Member] | Customer E [Member]
Concentration Risk [Line Items]
Percentage of risk	8.30%	3.90%

SCHEDULE OF PURCHASES FROM SUPP

SCHEDULE OF PURCHASES FROM SUPPLIERS (Details) - Five Largest Suppliers [Member]	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Garment Manufacturing Segment [Member]
Concentration Risk [Line Items]
Percent of inventory purchase		100%
Logistic Services Segment [Member]
Concentration Risk [Line Items]
Percent of inventory purchase	100%	61.60%
Property Management and Subleasing [Member]
Concentration Risk [Line Items]
Percent of inventory purchase	100%	100%

RISKS AND UNCERTAINTIES (Detail

RISKS AND UNCERTAINTIES (Details Narrative)	3 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021	Mar. 31, 2022
Concentration Risk [Line Items]
Translated exchange rates	6.699	6.699		6.341
Revenue and expenses translated average exchange rates	6.603	6.603	6.461
Outstanding borrowings	$ 142,591	¥ 955,281
Minimum [Member]
Concentration Risk [Line Items]
Line of credit facility, interest rate	4.84%	4.84%
Maximum [Member]
Concentration Risk [Line Items]
Line of credit facility, interest rate	6.96%	6.96%
One Customer [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	13.10%	13.10%	98.80%