Skillful Craftsman Education Technology Limited (EDTK) 6-K 5 Jan 23 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Sep. 30, 2022
Document and Entity Information [Abstract]
Document Type	6-K
Document Period End Date	Sep. 30, 2022
Entity Registrant Name	Skillful Craftsman Education Technology Ltd
Entity Central Index Key	0001782309
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS	Sep. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)
Current assets
Cash and cash equivalents	$ 22,544,893	$ 23,834,125
Accounts receivable, net	140,112	252,215
Prepayments	415,036	1,671,750
Advance for investment	1,840,897	1,732,775
Amounts due from a related party	59,157
Deferred tax assets	365,930
Other receivables	29,362	33,059
Total current assets	25,395,387	27,523,924
Non-current assets
Long-term investment	13,273,361	14,956,443
Goodwill	4,168,219	4,581,112
Property and equipment, net	7,610,476	10,699,010
Intangible assets, net	10,530,838	15,332,396
Operating Right-of-use asset, net	164,566
Total non-current assets	35,747,460	45,568,961
TOTAL ASSETS	61,142,847	73,092,885
Current liabilities
Accounts payable	47,793	77,266
Taxes payable	164,855	127,645
Amounts due to a related party	39,639	46,649
Accrued expenses	1,537,511	861,550
Deferred revenue-current	3,193,145	6,864,731
Deferred tax liabilities	31,334	38,744
Operating Lease Liability-current	163,403
Total current liabilities	5,177,680	8,016,585
Non-current liabilities
Long-term loans	13,241,558	14,809,302
Deferred revenue-noncurrent	3,320	3,713
Operating Lease Liability-noncurrent	57,852
Total non-current liabilities	13,302,730	14,813,015
TOTAL LIABILITIES	18,480,410	22,829,600
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Ordinary shares, par value $0.0002 per share, 500,000,000 shares authorized; 14,900,000 and 14,900,000 shares issued and outstanding as of 30 September, 2022 and 31 March, 2022, respectively	2,980	2,980
Additional paid-in capital	18,055,407	18,055,407
Statutory reserve	745,590	745,590
Retained Earning	26,034,769	29,018,885
Accumulated other comprehensive income	(2,176,309)	2,440,423
TOTAL SHAREHOLDERS' EQUITY	42,662,437	50,263,285
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 61,142,847	$ 73,092,885

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2022	Mar. 31, 2022	Sep. 01, 2021	May 29, 2020	Apr. 22, 2020
CONSOLIDATED BALANCE SHEETS
Ordinary shares, par value	$ 0.0002	$ 0.0002		$ 0.0002	$ 0.00015
Ordinary shares, shares authorized	500,000,000	500,000,000		500,000,000	500,000,000
Ordinary shares, shares issued	14,900,000	14,900,000
Ordinary shares, shares outstanding	14,900,000	14,900,000	14,900,000	9,000,000	12,000,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
Revenue	$ 7,294,700	$ 11,851,792
Cost of revenue	(7,336,425)	(8,255,007)
Gross income	(41,725)	3,596,785
Operating expenses:
Selling and marketing expenses	(278,988)	(720,191)
General and administrative expenses	(1,862,404)	(2,293,011)
Total operating expenses	(2,141,392)	(3,013,202)
Income from operations	(2,183,117)	583,583
Interest income	36,166	31,237
Interest expense	(416,539)
Investment loss	(104,354)	(1,897)
Government grant	275	493
Foreign currency exchange loss	(323,046)	(48,819)
Loss on disposals of equipment	0	(54,147)
Other expenses, net	(1,613)	(2,147)
Income before income taxes	(2,992,228)	508,303
Income tax benefits / (expense)	8,112	(551,667)
Net loss	(2,984,116)	(43,364)
Other comprehensive income/(loss):
Foreign currency translation adjustment	(4,616,732)	529,906
Total comprehensive income	$ (7,600,848)	$ 486,542
Net earnings per ordinary share, basic	$ (0.20)	$ 0
Net earnings per ordinary share, diluted	$ (0.20)	$ 0
Weighted average number of ordinary shares, basic	14,900,000	12,475,410
Weighted average number of ordinary shares, diluted	14,900,000	12,475,410

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)	Common stock	Additional paid-in capital	Statutory reserve	Retained Earning	Accumulated other comprehensive (loss)/income	Total
Balance at the beginning at Mar. 31, 2021	$ 2,400	$ 13,415,987	$ 745,590	$ 30,419,177	$ 982,018	$ 45,565,172
Balance at the beginning (in shares) at Mar. 31, 2021	12,000,000
Increase (Decrease) in Stockholders' Equity
Net loss for the period				(43,364)		(43,364)
Appropriation to statutory reserve			733	(733)
Issuance of ordinary shares for business combination	$ 580	4,639,420				4,640,000
Issuance of ordinary shares for acquisition of new subsidiary	2,900,000
Foreign currency translation adjustment					529,906	529,906
Balance at the end at Sep. 30, 2021	$ 2,980	18,055,407	746,323	30,375,080	1,511,924	50,691,714
Balance at the end (in shares) at Sep. 30, 2021	14,900,000
Balance at the beginning at Mar. 31, 2022	$ 2,980	18,055,407	745,590	29,018,885	2,440,423	50,263,285
Balance at the beginning (in shares) at Mar. 31, 2022	14,900,000
Increase (Decrease) in Stockholders' Equity
Net loss for the period				(2,984,116)		(2,984,116)
Foreign currency translation adjustment					(4,616,732)	(4,616,732)
Balance at the end at Sep. 30, 2022	$ 2,980	$ 18,055,407	$ 745,590	$ 26,034,769	$ (2,176,309)	$ 42,662,437
Balance at the end (in shares) at Sep. 30, 2022	14,900,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash Flows from Operating Activities
Net loss	$ (2,984,116)	$ (43,364)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation of property and equipment	2,045,964	2,051,081
Amortization of intangible assets	3,327,665	3,948,391
Loss from long-term investment	104,354	1,897
Loss on disposals of equipment	0	54,147
Interests expense	416,674
Changes in operating assets and liabilities:
Accounts receivables, net	112,103	33,734
Prepayments and other current assets	1,270,137	(1,118,873)
Other receivables	3,697	(19,296)
Amounts due from a related party	(59,157)
Deferred tax assets	(365,930)
Long-term prepayments and other non-current assets	0	28,406
Accounts payable	(29,473)	8,412
Amounts due to a related party	(7,010)	(251,273)
Operating Right-of-use asset	55,119
Deferred revenue	(3,671,586)	(2,552,387)
Accrued expenses	300,820	(220,164)
Taxes payable	37,210	(154,248)
Deferred tax liabilities	(4,184)	(730)
Operating Lease Liability	3,995
Net cash generated from operating activities	556,282	1,765,733
Cash flows from investing activities
Purchase of property and equipment	0	(653,189)
Purchase of intangible assets	0	(209,469)
Proceed from redemption of financial assets held for trading	0	5,563,191
Investment in privately held company	(304,981)	(308,385)
Cash acquired from business combination	0	50,229
Proceed from disposal of equipment	0	4,650
Net cash generated from/(used in) investing activities	(304,981)	4,447,027
Cash flows from financing activities
Cash flows from financing activities	0
Effects of foreign currency translation	(1,540,533)	46,239
Net increase in cash and cash equivalents	(1,289,232)	6,258,999
Cash and cash equivalents at beginning of period	23,834,125	17,453,360
Cash and cash equivalents at end of period	22,544,893	23,712,359
Supplemental disclosures of cash flow information
Cash paid for income taxes	0	687,877
Non cash transactions
Issuance of ordinary shares for business combination	$ 0	$ 4,640,000

Organization and basis of finan

Organization and basis of financial statements	6 Months Ended
	Sep. 30, 2022
Organization and basis of financial statements
Organization and basis of financial statements	1. Skillful Craftsman Education Technology Limited (“the Company”) is an exempted company incorporated under the laws of Cayman Islands on June 14, 2019. The Company through its consolidated subsidiaries, variable interest entities (the “VIEs”) (collectively, the “Group”) are principally engaged in the operation of vocational online education and technology services in the People’s Republic of China (the “PRC”). Due to the PRC legal restrictions on foreign ownership and investment in the education business, the Company conducts its primary business operations through its VIEs. In preparation of its initial public offering in the United States, the Company completed a reorganization in 2019 whereby the Company became the ultimate parent entity of its subsidiaries and consolidated VIEs. As part of the reorganization, the business operations of the consolidated subsidiaries and VIEs were transferred to the Company. In return, the Company issued 7,740,000 ordinary shares and 1,800,000 ordinary shares to Mr. Gao Xiaofeng and Mr. Hua Lugang (“the Founders”), respectively (“the Reorganization”). On September 1, 2021, the Company acquired 100% of Shenzhen Jisen Information Tech Limited (“Jisen Information”) for a consideration of 2,900,000 newly issued ordinary shares, valued at $1.60 per share. On June 6, 2022, Craftsman Wuxi acquired 100% of Jisen Information for a consideration of $1,408,490 (RMB10,000,000) from Wuxi Wangdao. As the Company, its subsidiaries and VIEs are all under the control of the Founders, the Reorganization was accounted for as a transaction under common control in a manner similar to a pooling of interests. Therefore, the accompanying consolidated financial statements have been prepared as if the corporate structure of the Company had been in existence since the beginning of the periods presented. Furthermore, ordinary shares were recorded on their issuance dates and presented on a retroactive basis. Details of the Company’s subsidiaries and the VIEs were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Percentage ​ ​ ​ ​ ​ ​ ​ of direct or ​ ​ ​ ​ ​ ​ ​ ​ indirect ​ ​ ​ ​ ​ ​ ​ ​ ownership ​ ​ ​ ​ Date of ​ Place of ​ by the ​ ​ Name of Entity incorporation incorporation Company Principal activities Subsidiaries: ​ ​ ​ ​ Direct Easy Skills Technology Limited (“Hong Kong ES”) ​ December 24, 2018 HK 100 % Holding company Skillful Craftsman Network Technology (Wuxi) Co., Ltd. (“WOFE” or “Craftsman Wuxi”) ​ January 16, 2019 PRC 100 % Investment holding Shenzhen Jisen Information Tech Limited (“Jisen Information”) ​ December 8, 2014 ​ PRC ​ 100 % Financial education and services VIE: ​ ​ ​ ​ ​ Indirect Wuxi Kingway Technology Co., Ltd. ( “Wuxi Wangdao”) ​ June 6, 2013 PRC 100 % Vocational online ​ The Company established Hong Kong ES in December 2018 as its intermediary holding company. In January 2019, as part of the Reorganization described above, Hong Kong ES established WOFE in PRC and held all of the equity interest in the WOFE. In July 2019, WOFE entered into a series of contractual arrangements with the VIEs and their shareholders as described below. Contractual Arrangements PRC laws and regulations stipulate that the foreign investment in China is restricted with regards to the provision of value-added telecommunication services and internet audio-visual program services. The operation of such businesses requires that the company holds the ICP license (Internet Content Provider), which shall only be held by domestic companies. The Group’s offshore holding company is not a domestic company under the PRC laws, thus not being qualified to hold ICP license. Accordingly, the Group’s offshore holding companies are not allowed to directly engage in the vocational online education and technology services business in China. To comply with PRC laws and regulations, the Group conducts all of its business in China through the VIEs. Despite the lack of technical majority ownership, the Company has effective control of the VIEs through a series of contractual arrangements (the “Contractual Agreements”) and a quasi-parent-subsidiary relationship exists between the Company and the VIEs. The equity interests of the VIEs are legally held by PRC individuals (the “Nominee Shareholders”). Through the Contractual Agreements, the Nominee Shareholders of the VIEs effectively assign all their voting rights underlying their equity interests in the VIEs to the WOFE, and therefore, the WOFE has the power to direct the activities of the VIEs that most significantly impact its economic performance. The WOFE also has the right to receive economic benefits and obligations to absorb losses from the VIEs that potentially could be significant to the VIEs. Based on the above, the Company consolidates the VIEs through its subsidiary in accordance with SEC Regulation SX-3A-02 and ASC810-10, Consolidation: Overall. The following is a summary of the contractual agreements: Exclusive Business Cooperation Agreements Under the Exclusive Business Cooperation Agreements between WOFE and Wuxi Wangdao, dated July 17, 2019, WOFE has the exclusive right to provide Wuxi Wangdao with business support, technical support and consulting services related to its business operations in return for certain fees. Without WOFE’s prior written consent, Wuxi Wangdao may not accept any services subject to these agreements from any third party. The parties shall determine the service fees to be charged to Wuxi Wangdao under these agreements by considering, among other things, the complexity of the services, the time that may be spent for providing such services and the commercial value and specific content of the service provided. WOFE owns the intellectual property rights developed by either WOFE or Wuxi Wangdao in the performance of these agreements. These agreements became effective upon execution and will remain effective until terminated by WOFE. Equity Interest Pledge Agreements Under the Equity Interest Pledge Agreement, each of the shareholders pledged all of their equity interest in Wuxi Wangdao to WOFE so as to secure their obligations under the Equity Interest Pledge Agreement, the Exclusive Business Cooperation Agreement and the Authorization Agreement. If the shareholders of Wuxi Wangdao breach their respective contractual obligations, WOFE, as pledgee, will be entitled to certain rights, including the right to dispose the pledged equity interest. Pursuant to the agreement, the shareholders of Wuxi Wangdao shall not transfer, assign or otherwise create any new encumbrance on their respective equity interest in Wuxi Wangdao without prior written consent of WOFE. The equity pledge right held by WOFE will be terminated upon the fulfillment of all contract obligations and the full payment of all secured indebtedness by the Nominee Shareholders and Wuxi Wangdao. Exclusive Purchasing Right Agreement Under the Exclusive Purchasing Right Agreement among WOFE, Wuxi Wangdao, and its Nominee Shareholders, dated July 17, 2019, the Nominee Shareholders irrevocably granted WOFE or any third party designated by WOFE an exclusive purchasing right to purchase all or part of their equity interests in Wuxi Wangdao; provided that if the lowest price is permitted by applicable PRC laws, then that price shall apply. The Nominee Shareholders further agreed that they will neither create any pledge or encumbrance on their equity interests in Wuxi Wangdao, nor transfer, gift nor otherwise dispose of its equity interests in Wuxi Wangdao to any person other than WOFE or its designated third party. The Nominee Shareholders and Wuxi Wangdao agreed that they will operate the businesses in the ordinary course and maintain the asset value of Wuxi Wangdao and refrain from any actions or omissions that may affect their operating status and asset value. Furthermore, without WOFE’s prior written consent, the shareholders and Wuxi Wangdao agreed not to, among other things: amend the articles of association of Wuxi Wangdao; increase or decrease the registered capital of Wuxi Wangdao; sell, transfer, mortgage or dispose of in any manner any assets of Wuxi Wangdao or legal or beneficial interest in the business or revenues of Wuxi Wangdao; enter into any major contracts, except for contracts in the ordinary course of business (a contract with a price exceeding 100,000 shall be deemed a major contract); merge, consolidate with, acquire or invest in any person, or provide any loans; or distribute dividends. Authorization Agreement Under the Authorization Agreement, the Nominee Shareholders of Wuxi Wangdao authorized WOFE to act on their behalf as their exclusive agent and attorney with respect to all rights as shareholder, including but not limited to: (a) attending shareholders’ meetings; (b) exercising all the shareholder’s rights, including voting, that shareholders are entitled to under the laws of China and the Articles of Association of Wuxi Wangdao, including but not limited to the sale or transfer or pledge or disposition of shares held by the shareholders of Wuxi Wangdao in part or in whole; and (c) designating and appointing the legal representative, the executive director, supervisor, the chief executive officer and other senior management members of Wuxi Wangdao on behalf of the shareholders of Wuxi Wangdao. Letter of Consent Pursuant to the Letter of Consent executed by the spouses of the Nominee Shareholders of the VIEs, the signing spouses unconditionally and irrevocably agreed that the equity interest in the VIEs held by and registered in the name of their spouses, the Nominee Shareholders of Wuxi Wangdao, be disposed of in accordance with the Exclusive Purchasing Right Agreement, the equity interest pledge agreement and the authorization agreement described above, and that their spouses may perform, amend or terminate such agreements without their additional consent. Additionally, the signing spouses agreed not to assert any rights over the equity interest in the VIEs held by their spouses. In addition, in the event that the signing spouses obtains any equity interest in the VIEs held by their spouses for any reason, they agree to be bound by and sign any legal documents substantially similar to the contractual arrangements described above, as may be amended from time to time. Risks in Relation to the VIE Structure Based on the opinion of the Company’s PRC legal counsel, (i) the ownership structure of the Group, including its subsidiaries in the PRC and VIEs are not in violation with any applicable PRC laws and regulations; and (ii) each of the Contractual Agreements among the WOFE, the VIEs and the Nominee Shareholders governed by PRC laws, are legal, valid and binding, enforceable against such parties. However, uncertainties in the PRC legal system could cause the relevant regulatory authorities to find the current Contractual Agreements and businesses to be in violation of any existing or future PRC laws or regulations. If the Company, the WOFE or any of its current or future VIEs are found in violation of any existing or future laws or regulations, or fail to obtain or maintain any of the required permits or approvals, the relevant PRC regulatory authorities would have broad discretion in dealing with such violations, which may include, but not limited to, revocation of business and operating licenses, being required to discontinue or restrict its business operations, restriction of the Group’s right to collect revenues, being required to restructure its operations, imposition of additional conditions or requirements with which the Group may not be able to comply, or other regulatory or enforcement actions against the Group that could be harmful to its business. The imposition of any of these or other penalties may result in a material and adverse effect on the Group’s ability to conduct its business. In addition, if the imposition of any of these penalties causes the Company to lose the rights to direct the activities of the VIEs or the right to receive their economic benefits, the Company would no longer be able to consolidate the VIEs. The Group’s business has been directly operated by the VIEs. For the six months ended September 30, 2022 and 2021, the VIEs contributed 92% and 100% of the Group’s consolidated revenues, respectively. As of September 30, 2022 and March 31, 2022, the VIEs accounted for an aggregate of 87% and 86%, respectively, of the consolidated total assets, and 95% and 90%, respectively, of the consolidated total liabilities. The following financial statement balances and amounts of the Company’s VIEs were included in the accompanying consolidated financial statements: ​ (Amounts in US$) ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 ​ ​ (Unaudited) ​ (Audited) ASSETS ​ ​ Current assets: ​ ​ Cash and cash equivalents ​ $ 20,289,363 ​ $ 20,651,502 Accounts receivable, net ​ 20,902 ​ 252,215 Prepayments and other current assets ​ 131,155 ​ 466,846 Deferred expenses ​ ​ 249,428 ​ ​ 1,101,761 Amounts due from related parties ​ ​ 1,209,443 ​ ​ 1,589,182 Deferred tax asset ​ ​ 365,930 ​ ​ — Total current assets ​ 22,266,221 ​ 24,061,506 Non-current assets: ​ ​ ​ ​ ​ ​ Long-term investment ​ ​ 13,039,173 ​ ​ 14,673,898 Goodwill ​ ​ — ​ ​ 4,581,112 Property and equipment, net ​ 7,528,982 ​ 10,597,581 Intangible assets, net ​ 10,249,238 ​ 15,143,366 Total non-current assets ​ 30,817,393 ​ 44,995,957 TOTAL ASSETS ​ $ 53,083,614 ​ $ 69,057,463 Current liabilities: ​ ​ ​ ​ ​ ​ Accounts payable ​ $ 47,793 ​ $ 77,266 Taxes payable ​ 15,367 ​ 127,645 Employee benefits payable ​ ​ 48,833 ​ ​ 96,838 Deferred revenue-current ​ 3,193,141 ​ 6,864,731 Other payables ​ ​ 222,909 ​ ​ 5,104,380 Interest payable ​ ​ 594,238 ​ ​ — Related party payables ​ ​ — ​ ​ 44,107 Deferred tax liabilities ​ ​ — ​ ​ 38,744 Total current liabilities: ​ 4,122,281 ​ 12,353,711 Non-current liabilities: ​ ​ ​ ​ ​ ​ Long-term loans ​ ​ 13,241,558 ​ ​ 14,809,302 Deferred revenue-noncurrent ​ — ​ 3,713 Total non-current liabilities ​ 13,241,558 ​ 14,813,015 TOTAL LIABILITIES ​ $ 17,363,839 ​ $ 27,166,726 ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 ​ ​ (Unaudited) ​ (Unaudited) Revenue ​ $ 6,721,036 ​ $ 11,851,792 Net (loss) / income ​ $ (1,533,605) ​ $ 1,640,698 ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 ​ ​ (Unaudited) ​ (Unaudited) Net cash provided by operating activities ​ $ 1,586,763 ​ $ 4,630,397 Net cash used in investing activities ​ (5,526) ​ (598,310) Net cash provided by financing activities ​ — ​ — Effects of exchange rate changes on cash ​ (1,943,377) ​ 21,468 Net cash inflow ​ $ (362,140) ​ $ 4,053,555 ​ ​ There are no consolidated VIEs’ assets that are pledged or collateralized for the VIEs’ obligations and which can only be used to settle the VIEs’ obligations, except for registered capital and the PRC statutory reserves. Relevant PRC laws and regulations restrict the VIE from transferring a portion of their net assets, equivalent to the balance of their statutory reserves and its share capital, to the Company in the form of loans and advances or cash dividends. As the VIEs are incorporated as a limited liability company under the PRC Company Law, creditors of the VIEs do not have recourse to the general credit of the Company for any of the liabilities of the VIEs. There were no other pledges or collateralization of the VIEs’ assets.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Sep. 30, 2022
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	2. a) Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“US GAAP”). b) Principles of consolidation The consolidated financial statements include the financial statements of the Company, its subsidiaries and the VIE. All significant inter-company transactions and balances between the Company, its subsidiaries and the VIE have been eliminated upon consolidation. c) Use of estimates In preparing the consolidated financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on information as of the date of the consolidated financial statements. Significant estimates required to be made by management include, but are not limited to, the valuation of accounts receivable, prepayments, and other receivables, useful lives of property and equipment and intangible assets, the recoverability of long-lived assets and provision necessary for contingent liabilities. Actual results could differ from those estimates. d) Business combinations Business combinations are recorded using the acquisition method of accounting. The assets acquired, the liabilities assumed, and any non-controlling interests of the acquiree at the acquisition date, if any, are measured at their fair values as of the acquisition date. Goodwill is recognized and measured as the excess of the total consideration transferred plus the fair value of any non-controlling interest of the acquiree and fair value of previously held equity interest in the acquiree, if any, at the acquisition date over the fair values of the identifiable net assets acquired. Common forms of the consideration made in acquisitions include cash and common equity instruments. Consideration transferred in a business acquisition is measured at the fair value as of the date of acquisition. Acquisition-related expenses and restructuring costs are expensed as incurred. ASC 805 establishes a measurement period to provide the Company with a reasonable amount of time to obtain the information necessary to identify and measure various items in a business combination and cannot extend beyond one year from the acquisition date. Where the consideration in an acquisition includes contingent consideration the payment of which depends on the achievement of certain specified conditions post-acquisition, the contingent consideration is recognized and measured at its fair value at the acquisition date and is recorded as a liability, it is subsequently remeasured at fair value at each reporting date with changes in fair value reflected in earnings. e) Cash and cash equivalents Cash and cash equivalents include cash on hand, cash accounts, interest bearing savings accounts and time certificates of deposit with a maturity of three months or less when purchased. The Group considers all highly liquid investment instruments with an original maturity of three months or less from the date of purchase to be cash equivalents. The Group maintains most of the bank accounts in the PRC. Cash balances in bank accounts in PRC are not insured by the Federal Deposit Insurance Corporation or other programs. f) Accounts receivable, net Accounts receivable are recognized and carried at original invoiced amount less an estimated allowance for uncollectible accounts. The Group usually determines the adequacy of reserves for doubtful accounts based on individual account analysis and historical collection trends. The Group establishes a provision for doubtful receivables when there is objective evidence that the Group may not be able to collect amounts due. The allowance is based on management’s best estimates of specific losses on individual exposures, as well as a provision on historical trends of collections. Based on management of customers’ credit and ongoing relationship, management makes conclusions whether any balances outstanding at the end of the period will be deemed uncollectible on an individual basis and on aging analysis basis. The provision is recorded against accounts receivables balances, with a corresponding charge recorded in the consolidated statements of income and comprehensive income. Delinquent account balances are written-off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. The Group considers there is no allowance for doubtful accounts for the six month periods ended September 31, 2022 and 2021. g) Long-term investment Long-term investments represent the Group’s investment in privately held company. The Group applies the equity method of accounting to equity investments, in common stock or in-substance common stock, over which it has significant influence but does not own a majority equity interest or otherwise control. Under the equity method, the Group initially records its investment at cost. The difference between the cost of the equity investment and the amount of the underlying equity in the net assets of the equity investee is recognized as equity method goodwill or as an intangible asset as appropriate, which is included in the equity method investment on the consolidated balance sheets. The Group subsequently adjusts the carrying amount of the investment to recognize the Group’s proportionate share of each equity investee’s net income or loss into consolidated statements of operations and comprehensive income/(loss) after the date of acquisition. h) Property and equipment, net Property and equipment are recorded at cost including the cost of improvements less accumulated depreciation. Maintenance and repairs are charged to expense as incurred. Depreciation and amortization are provided on the straight-line method based on the estimated useful lives of the assets as follows: ​ ​ ​ ​ Server hardware 5 years Vehicles 5 years ​ Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterment which substantially extend the useful life of assets are capitalized. The cost and related accumulated depreciation of assets retired or sold are removed from the respective accounts, and any gain or loss is recognized in the consolidated statements of operations and comprehensive income in other income or expenses. Direct costs that are related to the construction of property and equipment and incurred in connection with bringing the assets to their intended use are capitalized as construction in progress. Construction in progress is transferred to specific property and equipment, and the depreciation of these assets commences when the assets are ready for their intended use. i) Intangible assets, net Intangible assets with definite lives are carried at cost less accumulated amortization. Amortization of definite-lived intangible assets is computed using the straight-line method over the estimated average useful lives, which are as follows: ​ ​ ​ ​ Software ​ 5 years Courseware ​ 5 years Copyrights 5 years ​ j) Lease Leases are classified at lease commencement date as either a finance lease or an operating lease. A lease is a finance lease if it meets any of the following criteria: (a) the lease transfers ownership of the underlying asset to the lessee by the end of the lease term. (b) the lease grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain to exercise, (c) the lease term is for the major part of the remaining economic life of the underlying asset, (d) the present value of the sum of the lease payments and any residual value guaranteed by the lessee that is not already reflected in the lease payments equals or exceeds substantially all of the fair value of the underlying asset or (e) the underlying asset is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. When none of the foregoing criteria is met, the lease shall be classified as an operating lease. For a lessee, a lease is recognized as a right-of-use asset with a corresponding liability at lease commencement date. The lease liability is calculated at the present value of the lease payments not yet paid by using the lease term and discount rate determined at lease commencement. The right-of-use asset is calculated as the lease liability, increased by any initial direct costs and prepaid lease payments, reduced by any lease incentives received before lease commencement. The right-of-use asset itself is amortized on a straight-line basis unless another systematic method better reflects how the underlying asset will be used by and benefits the lessee over the lease term. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842). The amendments in this ASU require an entity to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. The amendments also require certain quantitative and qualitative disclosures about leasing arrangements. The Company adopted ASC 842, effective as of the beginning of the first period presented, by using a modified retrospective transition approach in the accompanying financial statements of the Company. The adoption of this standard had an immaterial impact on the Company’s financial position, with no material impact on the results of operations and cash flows. The Company’s accounting policy is to recognize lease payments as rental expense for short-term leases less than 12 months and operating lease over 12 months on a straight-line basis. During the six months ended September 30, 2022 and 2021, the Company’s recognized rental expenses amounted $105,522 and $44,221, respectively, pertaining to short-term leases. k) Impairment of long-lived assets The Group evaluates its long-lived assets with finite lives for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset may not be fully recoverable. When these events occur, the Group evaluates the impairment by comparing carrying amount of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying amount of the assets, the Group recognizes an impairment loss based on the excess of the carrying amount of the long-lived assets over their fair value. There was no impairment of long-lived assets for the six months ended September 30, 2022 and 2021. l) Fair value of financial instruments The fair value of a financial instrument is defined as the exchange price that would be received from an asset or paid to transfer a liability (as exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, time deposits, accounts receivable and other current assets, accounts payable, and other current liabilities, approximate their fair values because of the short maturity of these instruments and market rates of interest. ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: ● Level 1 - Quoted prices in active markets for identical assets and liabilities. ● Level 2 - Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Group considers the carrying amount of its financial assets and liabilities, which consist primarily of cash and cash equivalents, accounts receivable, prepayments, other receivables, accounts payable and other payable approximate the fair value of the respective assets and liabilities as of September 30, 2022 and March 31, 2022 owing to their short-term nature or present value of the assets and liabilities. m) Revenue recognition The Group has adopted Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“ASC 606”) effective as of April 1, 2018. The Group has chosen to use the full retrospective transition method, under which it is required to revise its consolidated financial statements for the year ended March 31, 2017, as if ASC 606 had been effective for those periods. Under ASC 606, the Group recognizes revenue when a customer obtains control of promised goods, in an amount that reflects the consideration which the Group expects to receive in exchange for the goods. To determine revenue recognition for arrangements within the scope of ASC 606, the Group performs the following five steps: (1) identify the contracts with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when or as the entity satisfies a performance obligation. The Group applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods it transfers to the customer. The Group’s revenue is principally derived from the rendering of education services as principal to the members through an online education platform. The online education services currently comprise of two aspects: online vocational training and virtual simulation experimental training. Students that sign up for the online vocational training can log into the platform and access pre-recorded courses in the areas of their professional development. Virtual simulation technology training offers college students the opportunity to conduct experiments in a virtual environment as part of their curricula. For VIP members who have access to all platforms except virtual simulation experimental training, the Group charges a flat annual fee of RMB100 per member. For VIP members who signed up between July 2018 and March 2019 enjoy the sales promotion of extending the membership period from one year to two years. For SVIP members who have access to all platforms including virtual simulation experimental training, the Group charges a flat fee of RMB300 per member per quarter. In response to the outbreak of the COVID-19 in China, all courseware of the Company was free of charge during February 1, 2020 to February 29, 2020, and the membership period of the existing paying-members was automatically extended for one month. During the quarter from April to June 2020, the company had a promotion campaign for the new registered VIP members and SVIP members: for new VIP members, they gained a two-years membership which normally be only one-year; for new SVIP members, they gained a six-months membership which normally be only three-months. The membership services mainly provide access to online education services, which are accounted for as a single performance obligation as the membership services are highly integrated. These service fees are collected in lump-sum for a specific contracted service period when the service contract is signed and the revenues are recognized proportionally over the time throughout service period, as the Group concluded that the membership service represents a stand ready obligation to provide the services while the member simultaneously receives and consumes the benefits of such services throughout the contract period. Deferred revenue refers to the remaining unamortized amount of membership fee that online members paid in advance. The Group also generates revenue from technology services including software development as well as comprehensive cloud services for private companies, academic institutions and government agencies in PRC, which is recognized proportionally over the time throughout the service period. Contract balances The following table provides information about the Group’s contract liabilities arising from contract with customers. The increase in contract liabilities primarily resulted from the Group’s business growth. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 ​ ​ (Unaudited) ​ (Audited) Deferred revenue-current ​ $ 3,193,145 ​ $ 6,864,731 Deferred revenue-non-current ​ 3,320 ​ 3,713 Total ​ $ 3,196,465 ​ $ 6,868,444 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Revenue recognized from deferred revenue balance ​ $ 6,420,621 ​ $ 11,015,146 ​ Deferred revenue primarily consists of membership fee received from customers for which the Group’s revenue recognition criteria have not been met. The deferred revenue will be recognized as revenue once the criteria for revenue recognition have been met. The Group’s remaining performance obligations represents the amount of the transaction price for which service has not been performed. As of September 30, 2022, the aggregate amount of the transaction price allocated for the remaining performance obligations amounted to $3,193,145. The Group expects to recognize revenue of $3,193,145 related the remaining performance obligations over the next 12 months. n) Cost of revenue Cost of revenue is mainly composed of copyright fees and related expenses for courseware and content development, website maintenance and information technology technicians and other employees, depreciation and amortization expenses, server management and bandwidth leasing fees paid to third-party providers and other miscellaneous expenses. o) Employee benefit expenses All eligible employees of the Group are entitled to staff welfare benefits including medical care, welfare subsidies, unemployment insurance, pension benefits and housing funds through a PRC government-mandated multi-employer defined contribution plan. The Group is required to make contributions to the plan and accrues for these benefits based on certain percentages of the qualified employees’ salaries. The Group recorded employee benefit expenses of $71,742 and $57,619 for the six month periods ended September 30, 2022 and 2021, respectively. p) Selling and marketing expenses Selling and marketing are expensed as incurred in accordance with ASC 720-35. Among these, advertising and promotion costs were $177,532 and $373,535 for the six month periods ended September 31, 2022 and 2021, respectively. q) Research and development expenses Research and development expenses consist of compensation and benefit expenses to the technology development personnel. Research and development expenses are primarily incurred in the development of new features and general improvement of the technology infrastructure to support its business operations. Research and development costs are expensed as incurred unless such costs qualify for capitalization as software development costs. In order to qualify for capitalization, (i) the preliminary project should be completed, (ii) management has committed to funding the project and it is probable that the project will be completed and the software will be used to perform the function intended, and (iii) it will result in significant additional functionality in the Group’s services. No research and development expenses were capitalized for all years presented as the Group has not met all of the necessary capitalization requirements. r) Income taxes The Group follows the liability method of accounting for income taxes in accordance with ASC 740 (“ASC 740”), Income Taxes. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Group records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rate is recognized in tax expense in the period that includes the enactment date of the change in tax rate. The Group accounted for uncertainties in income taxes in accordance with ASC 740. Interest and penalties related to unrecognized tax benefit recognized in accordance with ASC 740 are classified in the consolidated statements of income as income tax expense. s) Value added tax (“VAT”) The Group is subject to VAT and related surcharges on revenue generated from the rendering of education services to the members through online education platform. The Group records revenue net of output VAT. This output VAT may be offset by qualified input VAT paid by the Group to suppliers. Net VAT balance between input VAT and output VAT is recorded in the line item of tax payable on the consolidated balance sheets. The Group is subject to VAT at the rate of 6% depending on whether the entity is a general tax payer, and related surcharges on revenue generated from providing services. Entities that are VAT general taxpayers are allowed to offset qualified input VAT, paid to suppliers against their output VAT liabilities. t) Ordinary Shares The Company accounts for repurchased ordinary shares under the cost method and include such treasury shares as a component of the common shareholders’ equity. Cancellation of treasury shares is recorded as a reduction of ordinary shares, additional paid-in capital and retained earnings, as applicable. An excess of purchase price over par value is allocated to additional paid-in capital first with any remaining excess charged entirely to retained earnings. On April 22, 2020, initial shareholders of the Company approved a consolidation and increase of share capital such that the authorized share capital of the Company consists of $75,000 divided into 500,000,000 ordinary shares of $0.00015 par value each, resulting in an aggregate of 12,000,000 ordinary shares outstanding. On May 29, 2020, the shareholders approved a consolidation and increase of share capital such that the authorized share capital of the company consists of $100,000 divided into 500,000,000 ordinary shares of $0.0002 par value each, resulting in an aggregate of 9,000,000 ordinary shares outstanding. On July 27, 2020, the Company closed its initial public offering of 3,000,000 ordinary shares, US$0.0002 par value per share at an offering price of $5.00 per share, resulting in an aggregate of 12,000,000 ordinary shares outstanding. On September 1, 2021, the Company issued 2,900,000 new ordinary shares, resulting in an aggregate of 14,900,000 ordinary shares outstanding. Unless otherwise noted, all share and per share information has been adjusted to retroactively show the effect of the stock consolidation. u) Related parties Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, shareholder, or a related corporation. v) Statutory reserves The Company’s PRC subsidiaries are required to make appropriations to certain non-distributable reserve funds. In accordance with China’s Company Laws, the Company’s PRC subsidiary that are Chinese companies, must make appropriations from their after-tax profit (as determined under the Accounting Standards for Business Enterprises as promulgated by the Ministry of Finance of the People’s Republic of China (“PRC GAAP”)) to non-distributable reserve funds including (i) statutory surplus fund and (ii) discretionary surplus fund. The appropriation to the statutory surplus fund must be at least 10% of the after-tax profits calculated in accordance with PRC GAAP. Appropriation is not required if the statutory surplus fund has reached 50% of the registered capital of the respective company. Appropriation to the discretionary surplus fund is made at the discretion of the respective company. Pursuant to the laws applicable to China’s Foreign Investment Enterprises, the Company’s subsidiaries that are foreign investment enterprises in China have to make appropriations from their after-tax profit (as determined under PRC GAAP) to reserve funds including (i) general reserve fund, (ii) enterprise expansion fund and (iii) staff bonus and welfare fund. The appropriation to the general reserve fund must be at least 10% of the after tax profits calculated in accordance with PRC GAAP. Appropriation is not required if the reserve fund has reached 50% of the registered capital of the respective company. Appropriations to the other two reserve funds are at the respective company’s discretion. The use of the general reserve fund, statutory surplus fund and discretionary surplus fund are restricted to the offsetting of losses to increase the registered capital of the respective company. These reserves are not allowed to be transferred out as cash dividends, loans or advances, nor can they be distributed except under liquidation. w) Earnings per share The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies with complex capital structures to present basic and diluted EPS. Basic EPS is measured as Net profit divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. x) Foreign currency translation The Group’s principal country of operations is the PRC. The financial position and results of its operations are determined using RMB, the local currency, as the functional currency. The consolidated financial statements are reported using U.S. Dollars as presentational currency. The results of operations and the statement of cash flows denominated in foreign currency are translated at the average rate of exchange during the reporting period. Assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date. The equity denominated in the functional currency is translated at the historical rate of exchange at the time of capital contribution. Because cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated other comprehensive income (loss) included in consolidated statements of changes in equity. Gains and losses from foreign currency transactions are included in the consolidated statement of income and comprehensive income. The value of RMB against U.S. Dollar may fluctuate and is affected by, among other things, changes in the PRC’s political and economic conditions. Any significant revaluation of RMB may materially affect the Group’s consolidated financial condition in terms of reporting. The following table outlines the currency exchange rates that were used in the consolidated financial statements: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 March 31, 2022 September 30, 2021 Year-end spot rate US$1= 7.0998 RMB ​ US$1= 6.3482 RMB US$1=6.4854 RMB Average rate US$1= 6.7873 RMB ​ US$1= 6.4083 RMB US$1=6.4515 RMB ​ y) Comprehensive income/(loss) Comprehensive income/(loss) is defined as the changes in shareholders’ equity during a period arising from transactions and other events and circumstances excluding transactions resulting from investments by shareholders and distributions to shareholders. Comprehensive income or loss is reported in the consolidated statements of comprehensive income/(loss). Accumulated other comprehensive income/(loss), as presented on the accompanying consolidated balance sheets, consists of accumulated foreign currency translation adjustments. z) Segment reporting In accordance with ASC 280, Segment Reporting, operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance. The Group has only one reportable segment since the Group does not distinguish revenues, costs and expenses by operating segments in its internal reporting, and reports costs and expenses by nature as a whole. The Group’s CODM, who has been identified as the CEO, reviews the consolidated results when making decisions about allocating resources and assessing performance of the Group as a whole. As the Group generates all of its revenue in the PRC, no geographical segments are presented. aa) Concentration of risks Exchange Rate Risks The Company’s Chinese subsidiaries may be exposed to significant foreign currency risks from fluctuations and the degree of volatility of foreign exchange rates between the U.S. Dollar and the RMB. As of September 30, 2022 and March 31, 2022, the RMB denominated cash and cash equivalents amounted to $20,979,642 and $21,206,372 respectively. Currency Convertibility Risks Substantially all of the Group’s operating activities are transacted in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions requires submitting a payment application form together with other information such as suppliers’ invoices, shipping documents and signed contracts. Concentration of Credit Risks Financial instruments that potentially subject the Group to concentration of credit risks consist primarily of cash and cash equivalents and accounts receivable, the balances of which stated on the consolidated balance sheets represented the Group’s maximum exposure. The Group places its cash and cash equivalents in good credit quality financial institutions in China. Concentration of credit risks with respect to accounts receivables is linked to the concentration of revenue. To manage credit risk, the Group performs ongoing credit evaluations of customers’ financial condition. ab) Risks and uncertainties The operations of the Group are located in the PRC. Accordingly, the Group’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in the PRC, as well as by the general state of the PRC economy. The Group’s results may be adversely affected by changes in the political, regulatory and s

Business Combination

Business Combination	6 Months Ended
	Sep. 30, 2022
Business Combination
Business Combination	3. Business Combination On September 1, 2021, Wuxi Wangdao acquired 100% equity interest of Jisen Information, for a consideration of 2,900,000 newly issued ordinary shares from the Group. The ordinary shares were registered on September 1, 2021, valued at $1.60 per share. On June 6, 2022, Craftsman Wuxi acquired 100% of Jisen Information for a consideration of $1,408,490 (RMB10,000,000) from Wuxi Wangdao. Craftsman Wuxi accounted for this transfer at carrying value, and since this was an intercompany transaction, there’s no influence on the consolidated statements. The Group engaged an independent valuation firm to assist management in valuing assets acquired, liabilities assumed and intangible assets identified as of the acquisition day. The identifiable intangible assets acquired upon acquisition were computer software copyrights, which have an estimated useful life of approximately 5 years. All other current assets and current liabilities carrying value approximated fair value at the time of acquisition. The fair value of the consideration was based on closing market price of the Company’s common share on the acquisition date. The allocation of the purchase price is as follows: ​ ​ ​ ​ ​      Amount ​ ​ USD Fair value of total consideration transferred: ​    Equity instrument (2.9 million common shares issued) ​ 4,640,000 Cash acquired from business combination ​ (50,427) Subtotal ​ 4,589,573 Recognized amounts of identifiable assets acquired and liability assumed: ​ 　 ​ Current assets ​ 17,152 Intangible asset - computer software copyrights ​ 175,854 Current liabilities ​ (140,581) Deferred tax liabilities ​ (43,964) Total identifiable net assets ​ 8,461 Goodwill* ​ 4,581,112 * curriculum system and customized data analysis platform. Jisen Information’s cloud education technology architecture system provides important complement to Company’s existing technology platform. With Jisen Information’s research and develop ability, the Company expects to lower the cost in platform construction and maintenance. Also, Jisen Information has established cooperation with five Chinese colleges and universities such as Anhui Normal University, Anhui University of Engineering and Anhui Business College. The Company gained potential customer resources from the business acquisition. The goodwill is not deductible for tax purposes. The business combination accounting completed for all assets and liabilities acquired on the acquisition date and there’s no change in the fair value of net assets as of August 31, 2022, except the influence of foreign exchange rate. Thus, there’s no indicators of impairment in the goodwill.

Cash and cash equivalents

Cash and cash equivalents	6 Months Ended
	Sep. 30, 2022
Cash and cash equivalents
Cash and cash equivalents	4. Cash and cash equivalents Cash and cash equivalents consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Cash on hand ​ $ 384 ​ $ 429 Bank balances ​ 22,544,298 ​ 23,833,460 Other monetary funds ​ ​ 211 ​ ​ 236 Total ​ $ 22,544,893 ​ $ 23,834,125 ​

Accounts receivable, net

Accounts receivable, net	6 Months Ended
	Sep. 30, 2022
Accounts receivable, net
Accounts receivable, net	5. Accounts receivable, net consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Accounts receivable, gross ​ $ 140,112 ​ $ 252,215 Less: allowance for doubtful accounts ​ — ​ — Accounts receivable, net ​ $ 140,112 ​ $ 252,215 ​

Prepayments and other current a

Prepayments and other current assets	6 Months Ended
	Sep. 30, 2022
Prepayments and other current assets
Prepayments and other current assets	6. Prepayments and other current assets consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Prepaid service fees ​ $ 415,036 ​ $ 1,309,069 Prepaid insurance fee ​ ​ — ​ ​ 44,519 Prepaid income tax expenses ​ ​ — ​ ​ 318,162 Total ​ $ 415,036 ​ $ 1,671,750 ​ Prepaid service fees consist of prepayment of telecommunications service fee and resource usage fee to colleges and universities in order to access the online course resources of these institutions. The prepayments are generally short-term in nature and are amortized over the related service period.

Advance for investment

Advance for investment	6 Months Ended
	Sep. 30, 2022
Advance for investment
Advance for investment	7. Advance for investment ​ Advance for investment consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September March 31, ​ ​ 30, 2022 ​ 2022 Advance for investment(1) ​ $ 1,840,897 ​ $ 1,732,775 Total ​ $ 1,840,897 ​ $ 1,732,775 (1)

Other receivables

Other receivables	6 Months Ended
	Sep. 30, 2022
Other receivables
Other receivables	8. Other receivables ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ March 31, ​ 2022 2022 Amount due from third parties ​ 4,934 ​ 33,059 Others (1) ​ ​ 24,428 ​ ​ — Total ​ $ 29,362 ​ $ 33,059 (1) Others mainly includes the VAT payable.

Long-term investment

Long-term investment	6 Months Ended
	Sep. 30, 2022
Long-term investment
Long-term investment	9. Long-term investment Long-term investment consists of investment in privately held company. The following table sets forth the changes in the Group’s Long-term investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment-1 Investment-2 Total ​ USD USD ​ USD Balance as of March 31, 2022 ​ 282,545 14,673,898 ​ 14,956,443 Investments made — ​ — ​ — Share of Loss of Equity method investees (19,296) ​ (85,058) ​ (104,354) Foreign currency translation adjustments (29,061) ​ (1,549,667) ​ (1,578,728) Balance as of September 30, 2022 234,188 ​ 13,039,173 ​ 13,273,361 ​ Investment-1: In August 2021, the Group entered an agreement with Fu Zhi Zhong He (Beijing) Health Technology Co., Ltd., Changsha Tangshi Yipai Medical Technology Co., Ltd., and Yaping Zhou to establish a joint venture of Hunan Medical Star Technology Co., Ltd. (“Medical Star”) in China to develop the learning platform of traditional Chinese medical science and cultivate a group of talents with integrated traditional Chinese and Western medicine knowledge. The Group invested in Medical Star through purchase of its ordinary shares, with a total cash consideration of $281,698 (RMB2,000,000) to obtain 20% shareholding interests. ​ Medical Star has 7 directors in its board. According to the agreement, the Company has the right to appoint 3 directors in the board of Medical Star, thus it has 43% voting power in the investee and has a significant influence over the operating and financial policies of Medical Star. The company incurred a loss of $19,296 from Medical Star for the six months ended September 30, 2022. The loss in Investment 1 is estimated to be temporary, thus the Company didn’t recognize any impairment over Investment 1. Investment-2: In January 2022, the Group reached an agreement with China Agriculture Industry Development Foundation Co., Ltd., to purchase its 3% share of Fujian Pingtan Ocean Fishery Group Co., Ltd. (“Fujian Fishery”), with a total consideration of $13,241,558 (RMB94,012,410). Fujian Fishery has 5 directors in its board. According to the shareholders minute, the Company has the right to appoint 1 director to the board of Fujian Fishery, thus it has 20% voting power in the investee and has a significant influence over the operating and financial policies of Fujian Fishery. The Company incurred a loss of $85,058 from Fujian Fishery for the six months ended September 30, 2022. The loss in Investment 2 is estimated to be temporary, thus the Company didn’t recognize any impairment over Investment 2.

Goodwill

Goodwill	6 Months Ended
	Sep. 30, 2022
Goodwill
Goodwill	10. Goodwill ​ Changes in the carrying amount of goodwill as of September 30, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency Balance as of ​ ​ Balance as of ​ ​ ​ ​ ​ translation ​ September 30, ​ ​ March 31, 2022 ​ Additions ​ Impairment ​ adjustments ​ 2022 Jisen 4,581,112 — — (412,893) 4,168,219 Total 4,581,112 — — (412,893) 4,168,219 ​ During the six month periods ended September 30, 2022 and 2021, the Group had no impairment.

Property and equipment, net

Property and equipment, net	6 Months Ended
	Sep. 30, 2022
Property and equipment, net
Property and equipment, net	11. Property and equipment consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Server hardware ​ $ 19,406,241 ​ $ 21,703,857 Vehicles ​ 205,136 ​ 229,424 ​ ​ 19,611,377 ​ 21,933,281 Less: accumulated depreciation ​ (12,000,901) ​ (11,234,271) Property and equipment, net ​ $ 7,610,476 ​ $ 10,699,010 ​ During the six month periods ended September 30, 2022 and 2021, the Group had no impaired or pledged property and equipment. Additions to property and equipment for the six month periods ended September 30, 2022 and 2021 were nil and $653,189, respectively. Disposals of property and equipment for the six months ended September 30, 2022 and 2021 were nil and $58,797. Depreciation expenses were $2,045,964 and $ 2,051,081 for the six months periods ended September 30, 2022 and 2021, respectively.

Intangible assets, net

Intangible assets, net	6 Months Ended
	Sep. 30, 2022
Intangible assets, net
Intangible assets, net	12. Intangible assets consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Software ​ $ 6,016,013 ​ $ 6,073,217 Courseware ​ 29,071,150 ​ 32,954,121 Copyrights ​ 11,681,456 ​ 13,275,393 ​ ​ 46,768,619 ​ 52,302,731 Less: accumulated amortization ​ (36,237,781) ​ (36,970,335) Intangible assets, net ​ $ 10,530,838 ​ $ 15,332,396 ​ For the six month periods ended September 30, 2022 and 2021, the Group had no impaired or pledged intangible assets. Additions to intangible assets for the six month periods ended September 30, 2022 and 2021 were nil and $209,469, respectively. There were no disposals of intangible assets for the six months ended September 30, 2022 and 2021. Amortization expenses were $3,327,665 and $3,948,391 for the six months periods ended September 30, 2022 and 2021, respectively. The following is a schedule, by fiscal year, of amortization amounts of intangible asset as of September 30, 2022: ​ ​ ​ ​ 2023 $ 2,476,172 2024 ​ 3,353,460 2025 ​ 2,604,144 2026 ​ 1,832,526 Thereafter ​ 264,536 Total ​ $ 10,530,838 ​

Operating Right-of-use asset, n

Operating Right-of-use asset, net	6 Months Ended
	Sep. 30, 2022
Operating Right-of-use asset, net
Operating Right-of-use asset, net	13. Operating Right-of-use asset, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, Increase/ Exchange rate September 30, ​ ​ 2022 ​ (Decrease) ​ translation ​ 2022 Shenzhen Wan ​ $ — ​ $ 217,260 ​ $ — ​ $ 217,260 Total right-of-use assets, at cost ​ — ​ 217,260 ​ — ​ 217,260 Less: accumulated amortization ​ — ​ (55,119) ​ 2,425 ​ (52,694) Right-of-use assets, net ​ $ — ​ $ 162,141 ​ $ 2,425 ​ $ 164,566 ​ The Company recognized lease expense for the operating lease right -of-use assets Shenzhen Wan for a 2 year period over a straight line basis.

Accounts payable

Accounts payable	6 Months Ended
	Sep. 30, 2022
Accounts payable
Accounts payable	14. Accounts payable consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Payable to a supplier of virtual simulation software ​ $ 47,793 ​ $ 77,266 Total ​ $ 47,793 ​ $ 77,266 ​

Accrued expenses

Accrued expenses	6 Months Ended
	Sep. 30, 2022
Accrued expenses
Accrued expenses	15. Accrued expenses consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Accrued payroll ​ $ 778,885 ​ $ 480,404 Accrued rental fee ​ 113,461 ​ 77,777 Accrued promotion fee ​ ​ 19,334 ​ ​ 51,252 Audit fee Payable ​ ​ 20,000 ​ ​ 20,000 Accrued Interest ​ ​ 594,238 ​ ​ 219,097 Other ​ ​ 11,593 ​ ​ 13,020 Total ​ $ 1,537,511 ​ $ 861,550 ​

Operating lease liability

Operating lease liability	6 Months Ended
	Sep. 30, 2022
Operating lease liability
Operating lease liability	16. Operating lease liability Operating lease liabilities consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ March 31, ​ 2022 2022 Shenzhen Wan ​ $ 221,255 ​ $ — ​ Analyzed for reporting purposes as: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ March 31, ​ 2022 2022 Operating Lease Liability-noncurrent ​ $ 57,852 ​ $ — Operating Lease Liability-current ​ 164,403 ​ — Total ​ 221,255 ​ — ​ The operating lease liabilities is the net present value of the remaining lease payments as of September 30, 2022 and March 31, 2022. The discount rates used for Shenzhen Wan was 3.6500%. The weighted average remaining lease terms for operating leases was 2 years. The incremental borrowing rate for the Company ranged from 3.6500%. For the six months ended September, 2022 and 2021, the amortized expense were $55,119 and nil, respectively. For the six months ended September, 2022 and 2021, the operating lease expenses were $105,522 and $44,221. Maturity analysis of operating lease liabilities as of September 30, 2022 is as follows: ​ ​ ​ ​ ​ ​ Discount rate at commencement $ 3.6500 % One year ​ 168,279 ​ Two years ​ 58,475 ​ Total undiscounted cash flows ​ 226,754 ​ Total operating lease liabilities ​ 221,255 ​ Difference between undiscounted cash flows and discounted cash flows ​ $ 5,499 ​ ​

Long-term loans

Long-term loans	6 Months Ended
	Sep. 30, 2022
Long-term loans
Long-term loans	17. Long-term loans ​ Long-term loan consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, March 31, ​ ​ 2022 ​ 2022 Long-term loan ​ $ 13,241,558 ​ $ 14,809,302 ​ On January 4, 2022, the Group borrowed the amount of $13,241,558 (RMB94,012,410) through a five-year long-term loan from Fujian Xinqiao Ocean Fishery Group Co., Ltd. The annual interest rate is 6%. The Group is obligated to pay interest each year on December 30th, whereas the principal should be returned on January 3, 2027. Earlier payment is acceptable without any penalties.

Revenue

Revenue	6 Months Ended
	Sep. 30, 2022
Revenue
Revenue	18. Disaggregated revenue by type consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Online VIP membership revenue ​ $ 5,284,761 ​ $ 9,390,420 Online SVIP membership revenue ​ 1,395,327 ​ 2,348,454 Technology services revenue ​ 614,612 ​ 112,918 Total ​ $ 7,294,700 ​ $ 11,851,792 ​

Cost of revenue

Cost of revenue	6 Months Ended
	Sep. 30, 2022
Cost of revenue
Cost of revenue	19. Cost of revenue consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Amortization expenses ​ $ 3,310,928 ​ $ 3,948,391 Depreciation expenses of server hardware ​ 2,033,556 ​ 2,051,081 Resource usage fees ​ ​ 766,135 ​ ​ 806,014 Website maintenance fee ​ 766,135 ​ 806,014 Virtual simulation fee ​ ​ 359,297 ​ ​ 604,727 Raw material consumption fees ​ 1,946 ​ 15,354 Other ​ 98,428 ​ 23,426 Total ​ $ 7,336,425 ​ $ 8,255,007 ​

Operating expenses

Operating expenses	6 Months Ended
	Sep. 30, 2022
Operating expenses
Operating expenses	20. Operating expenses consisted of the followings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Selling and marketing expenses: ​ ​ Promotion expenses ​ $ 149,820 ​ $ 373,535 Telecommunications service fees ​ ​ 40,325 ​ ​ 152,832 Union pay service charges ​ 37,684 ​ 93,578 Employee compensation ​ 41,438 ​ 88,323 Employee benefit expenses ​ 9,721 ​ 11,923 ​ ​ $ 278,988 ​ $ 720,191 ​ ​ ​ ​ ​ ​ ​ General and administrative expenses: ​ ​ Employee compensation ​ $ 1,090,274 ​ $ 1,399,552 Audit fee ​ ​ 235,500 ​ ​ 352,100 Consulting fee ​ ​ 138,600 ​ ​ 161,778 Insurance fee ​ ​ 44,519 ​ ​ 95,688 Attorney fee ​ ​ 50,501 ​ ​ 76,045 Service fee ​ ​ 30,821 ​ ​ 53,695 ​ ​ ​ ​ ​ ​ ​ Employee benefit expenses ​ 54,215 ​ 45,696 Rental fee ​ ​ 105,522 ​ ​ 44,221 Entertainment ​ ​ 13,510 ​ ​ 22,701 Travel and Communication expenses ​ ​ 15,213 ​ ​ 17,219 Investment relationship fee ​ ​ 40,026 ​ ​ — Amortization of intangible assets ​ ​ 16,737 ​ ​ — Depreciation expenses of vehicles ​ ​ 12,408 ​ ​ — Daily expenses ​ 12,549 ​ — Other ​ ​ 2,009 ​ ​ 24,316 ​ ​ $ 1,862,404 ​ $ 2,293,011 Operating expenses ​ $ 2,141,392 ​ $ 3,013,202 ​

Taxation

Taxation	6 Months Ended
	Sep. 30, 2022
Taxation
Taxation	21. The Company is registered in the Cayman Islands. The Group generated substantially all of its income from its PRC operations for the six months ended September 30, 2022 and 2021. Cayman Islands Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gain, and no withholding tax is imposed to any dividends and payment made to shareholders. Hong Kong The Company’s subsidiary Easy Skills Technology Limited is located in Hong Kong and is subject to an income tax rate of 16.5% for assessable profit earned in Hong Kong before April 2018, and an income tax rate of 8.25% for assessable profit up to HKD 2,000,000 from April 2018 onwards. The Group had no assessable profit subject to Hong Kong profit tax for the six months ended September 30, 2022 and 2021. PRC Income Tax The Company ’ Dividends, interests, rent or royalties payable by the Group ’ ’ ’ The current and deferred portions of income tax expense included in the consolidated statements of income were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Current ​ $ 378,849 ​ $ 550,933 Deferred ​ (386,961) ​ 734 Income tax expense ​ $ (8,112) ​ $ 551,667 ​ The following table sets forth reconciliation between the statutory EIT rate of 25% and the effective tax for the six months ended September 30, 2022 and 2021, respectively: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Income before income taxes $ (2,992,228) $ 508,303 ​ Tax rate ​ 25 % ​ 25 % Provision for income taxes at statutory tax rate ​ $ (748,057) ​ $ 127,076 ​ Additional deductible of R&D expense ​ ​ — ​ ​ — ​ Effect of tax exempt entity ​ ​ 311,599 ​ ​ 411,016 ​ Effect of previous year tax filing ​ ​ 2,481 ​ ​ 1,306 ​ Effect of non-tax deductible expenses ​ 55,935 ​ 12,269 ​ Effect of tax loss recognized ​ ​ 369,930 ​ ​ — ​ Income tax expense ​ $ (8,112) ​ $ 551,667 ​ Deferred tax assets ​ $ 365,930 ​ $ — ​ Total ​ ​ 365,930 ​ ​ — ​ ​ The temporary difference between the tax base and the reported amount of assets and liabilities in the financial statements for the six months ended September 30, 2021 was derived from the intangible assets recognized from the acquisition of Jisen Information. And the temporary difference in the financial statements for the six months ended September 30, 2022 was derived from the net loss of Wuxi Wangdao. Value Added Tax (“VAT”) The Group’s membership revenues for providing non-academic education services are subject to a simple tax method to calculate VAT at 3%. The Group’s technical service revenue is subject to a VAT rate of 6%. Taxes payable consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Income tax payable ​ $ 148,292 ​ $ 81,610 VAT payable ​ 15,724 ​ 46,035 Other tax payables ​ 839 ​ — Total ​ $ 164,855 ​ $ 127,645 ​

Related parties

Related parties	6 Months Ended
	Sep. 30, 2022
Related parties
Related parties	22. a) The table below sets forth the related party and the relationship with the Company: ​ ​ ​ ​ Name of related party Relationship with the Company Xiaofeng Gao ​ Chairman of the Board of Directors and Chief Executive Officer, 25.97% beneficial owner of the Company Bin Fu ​ General Manager of Jisen Information Hunan Medical Star Technology Co., Ltd.(Medical Star) ​ Joint venture ​ b) The Company had the following related party balance with the related party mentioned above: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Amounts due to Xiaofeng Gao ​ $ 89 ​ $ 2,542 Amounts due to Bin Fu ​ ​ 39,550 ​ ​ 44,107 Amounts due from Medical Star ​ ​ 59,157 ​ ​ — Advance from Medical Star ​ ​ 2,670 ​ ​ — Total ​ ​ 101,466 ​ ​ 46,649 ​ c) The Company had the following related party transaction with the related party mentioned above: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Expense paid by Xiaofeng Gao ​ $ 1,071 ​ $ 1,297 Repayment to Xiaofeng Gao ​ 3,514 ​ ​ 252,602 Sales to Medical Star ​ 34,693 ​ ​ — ​ The Group did not have other significant balances or transactions with its related parties for the six months ended September 30, 2022 and 2021.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Sep. 30, 2022
Commitments and Contingencies
Commitments and Contingencies	23. (1) The Group’s lease consisted of operating leases for administrative office spaces in Wuxi and Shenzhen in the PRC. As of September 30, 2022, the Group had no obligation under long-term financing lease requiring minimum rentals. As of September 30, 2022, the Group did not have additional operating leases that have not yet commenced. Total operating lease expenses for the six months ended September 30, 2022 were $105,522 and were recorded in general and administrative expense on the consolidated statements of operations. As of September 30, 2022, future minimum payments under non-cancelable operating leases were as follows: Future Lease Payments ​ ​ ​ ​ October 2022 to September 2023 $ 223,914 October 2023 to September 2024 ​ ​ 58,475 Total ​ $ 282,389 ​

Subsequent events

Subsequent events	6 Months Ended
	Sep. 30, 2022
Subsequent events
Subsequent events	24. The Group has evaluated subsequent events through January 5 th

Condensed financial information

Condensed financial information of the Company	6 Months Ended
	Sep. 30, 2022
Condensed financial information of the Company
Condensed financial information of the Company	25. The condensed financial information of the parent company has been prepared in accordance with SEC Regulation, using the same accounting policies as set out in the Group’s consolidated financial statements. Condensed balance sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 ​ ​ (Unaudited) ​ (Audited) ASSETS ​ ​ Current assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,515,204 ​ $ 2,622,624 Deferred expenses ​ ​ 14,875 ​ ​ 48,624 Prepayments ​ ​ 3,776,314 ​ ​ 148,355 Investment in subsidiaries and VIE ​ 38,047,177 ​ 48,796,630 TOTAL ASSETS ​ $ 43,353,570 ​ $ 51,616,233 Amounts due to related parties ​ ​ 20,000 ​ ​ 2,443 Amounts due to subsidiaries and VIE ​ ​ — ​ ​ 967,522 Accrued expenses ​ ​ 671,133 ​ ​ 382,983 TOTAL LIABILITIES ​ $ 691,133 ​ $ 1,352,948 Shareholders’ equity ​ ​ Ordinary shares, par value $0.0002 per share, 500,000,000 shares authorized; 14,900,000 and 14,900,000 shares issued and outstanding ​ 2,980 ​ 2,980 Additional paid-in capital ​ 18,055,407 ​ 18,055,407 Statutory reserve ​ 745,590 ​ 745,590 Accumulated profits ​ 26,034,769 ​ 29,018,885 Accumulated other comprehensive income ​ (2,176,309) ​ 2,440,423 Total shareholders’ equity ​ $ 42,662,437 ​ $ 50,263,285 ​ Condensed statements of income (unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Revenue ​ $ — ​ $ — Cost of revenue ​ ​ — ​ ​ — Gross profit ​ ​ — ​ ​ — Operating expenses: ​ ​ ​ ​ ​ ​ General and administrative expenses ​ $ (1,245,367) ​ $ (1,587,311) Share of profit in subsidiaries and VIE ​ (1,737,721) ​ 1,600,703 Others, net ​ ​ (1,028) ​ ​ (56,756) (Loss)/Income before income tax provision ​ (2,984,116) ​ (43,364) Provision for income tax ​ — ​ — Net (loss)/profit ​ $ (2,984,116) ​ $ (43,364) ​ Condensed statements of comprehensive income (unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Net (loss)/income ​ $ (2,984,116) ​ $ (43,364) Other comprehensive income ​ (4,616,732) ​ 529,906 Total comprehensive income ​ $ (7,600,848) ​ $ 486,542 ​ Condensed cash flow ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended ​ ​ September 30, ​ 2022 2021 Net cash (used by) / provided by operating activities ​ $ (862,420) $ 3,468,883 Net cash used in investing activities ​ (245,000) ​ (2,020,000) Net cash provided by financing activities ​ — ​ — Net cash (outflow) / inflow ​ $ (1,107,420) ​ $ 1,448,883 ​ Basis of presentation Condensed financial information is used for the presentation of the Company, or the parent company. The condensed financial information of the parent company has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the parent company used the equity method to account for investment in its subsidiaries and VIE. The parent company records its investment in its subsidiaries and VIE under the equity method of accounting as prescribed in ASC 323, Investments-Equity Method and Joint Ventures. Such investments are presented on the condensed balance sheets as “Investment in subsidiaries and VIE” and their respective profit or loss as “Share of profit in subsidiaries and VIE” on the condensed statements of income. Equity method accounting ceases when the carrying amount of the investment, including any additional financial support, in subsidiaries and VIE is reduced to zero unless the parent company has guaranteed obligations of the subsidiary and VIE or is otherwise committed to provide further financial support. If the subsidiaries and VIE subsequently report net income, the parent company shall resume applying the equity method only after its share of that net income equals the share of net losses not recognized during the period the equity method was suspended. The parent company’s condensed financial statements should be read in conjunction with the Company’s consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2022
Summary of Significant Accounting Policies
Basis of presentation	a) Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“US GAAP”).
Principles of consolidation	b) Principles of consolidation The consolidated financial statements include the financial statements of the Company, its subsidiaries and the VIE. All significant inter-company transactions and balances between the Company, its subsidiaries and the VIE have been eliminated upon consolidation.
Use of estimates	c) Use of estimates In preparing the consolidated financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on information as of the date of the consolidated financial statements. Significant estimates required to be made by management include, but are not limited to, the valuation of accounts receivable, prepayments, and other receivables, useful lives of property and equipment and intangible assets, the recoverability of long-lived assets and provision necessary for contingent liabilities. Actual results could differ from those estimates.
Business combination	d) Business combinations Business combinations are recorded using the acquisition method of accounting. The assets acquired, the liabilities assumed, and any non-controlling interests of the acquiree at the acquisition date, if any, are measured at their fair values as of the acquisition date. Goodwill is recognized and measured as the excess of the total consideration transferred plus the fair value of any non-controlling interest of the acquiree and fair value of previously held equity interest in the acquiree, if any, at the acquisition date over the fair values of the identifiable net assets acquired. Common forms of the consideration made in acquisitions include cash and common equity instruments. Consideration transferred in a business acquisition is measured at the fair value as of the date of acquisition. Acquisition-related expenses and restructuring costs are expensed as incurred. ASC 805 establishes a measurement period to provide the Company with a reasonable amount of time to obtain the information necessary to identify and measure various items in a business combination and cannot extend beyond one year from the acquisition date. Where the consideration in an acquisition includes contingent consideration the payment of which depends on the achievement of certain specified conditions post-acquisition, the contingent consideration is recognized and measured at its fair value at the acquisition date and is recorded as a liability, it is subsequently remeasured at fair value at each reporting date with changes in fair value reflected in earnings.
Cash and cash equivalents	e) Cash and cash equivalents Cash and cash equivalents include cash on hand, cash accounts, interest bearing savings accounts and time certificates of deposit with a maturity of three months or less when purchased. The Group considers all highly liquid investment instruments with an original maturity of three months or less from the date of purchase to be cash equivalents. The Group maintains most of the bank accounts in the PRC. Cash balances in bank accounts in PRC are not insured by the Federal Deposit Insurance Corporation or other programs.
Accounts receivable, net	f) Accounts receivable, net Accounts receivable are recognized and carried at original invoiced amount less an estimated allowance for uncollectible accounts. The Group usually determines the adequacy of reserves for doubtful accounts based on individual account analysis and historical collection trends. The Group establishes a provision for doubtful receivables when there is objective evidence that the Group may not be able to collect amounts due. The allowance is based on management’s best estimates of specific losses on individual exposures, as well as a provision on historical trends of collections. Based on management of customers’ credit and ongoing relationship, management makes conclusions whether any balances outstanding at the end of the period will be deemed uncollectible on an individual basis and on aging analysis basis. The provision is recorded against accounts receivables balances, with a corresponding charge recorded in the consolidated statements of income and comprehensive income. Delinquent account balances are written-off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. The Group considers there is no allowance for doubtful accounts for the six month periods ended September 31, 2022 and 2021.
Long-term investment	g) Long-term investment Long-term investments represent the Group’s investment in privately held company. The Group applies the equity method of accounting to equity investments, in common stock or in-substance common stock, over which it has significant influence but does not own a majority equity interest or otherwise control. Under the equity method, the Group initially records its investment at cost. The difference between the cost of the equity investment and the amount of the underlying equity in the net assets of the equity investee is recognized as equity method goodwill or as an intangible asset as appropriate, which is included in the equity method investment on the consolidated balance sheets. The Group subsequently adjusts the carrying amount of the investment to recognize the Group’s proportionate share of each equity investee’s net income or loss into consolidated statements of operations and comprehensive income/(loss) after the date of acquisition.
Property and equipment, net	h) Property and equipment, net Property and equipment are recorded at cost including the cost of improvements less accumulated depreciation. Maintenance and repairs are charged to expense as incurred. Depreciation and amortization are provided on the straight-line method based on the estimated useful lives of the assets as follows: ​ ​ ​ ​ Server hardware 5 years Vehicles 5 years ​ Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterment which substantially extend the useful life of assets are capitalized. The cost and related accumulated depreciation of assets retired or sold are removed from the respective accounts, and any gain or loss is recognized in the consolidated statements of operations and comprehensive income in other income or expenses. Direct costs that are related to the construction of property and equipment and incurred in connection with bringing the assets to their intended use are capitalized as construction in progress. Construction in progress is transferred to specific property and equipment, and the depreciation of these assets commences when the assets are ready for their intended use.
Intangible assets, net	i) Intangible assets, net Intangible assets with definite lives are carried at cost less accumulated amortization. Amortization of definite-lived intangible assets is computed using the straight-line method over the estimated average useful lives, which are as follows: ​ ​ ​ ​ Software ​ 5 years Courseware ​ 5 years Copyrights 5 years
Lease	j) Lease Leases are classified at lease commencement date as either a finance lease or an operating lease. A lease is a finance lease if it meets any of the following criteria: (a) the lease transfers ownership of the underlying asset to the lessee by the end of the lease term. (b) the lease grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain to exercise, (c) the lease term is for the major part of the remaining economic life of the underlying asset, (d) the present value of the sum of the lease payments and any residual value guaranteed by the lessee that is not already reflected in the lease payments equals or exceeds substantially all of the fair value of the underlying asset or (e) the underlying asset is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. When none of the foregoing criteria is met, the lease shall be classified as an operating lease. For a lessee, a lease is recognized as a right-of-use asset with a corresponding liability at lease commencement date. The lease liability is calculated at the present value of the lease payments not yet paid by using the lease term and discount rate determined at lease commencement. The right-of-use asset is calculated as the lease liability, increased by any initial direct costs and prepaid lease payments, reduced by any lease incentives received before lease commencement. The right-of-use asset itself is amortized on a straight-line basis unless another systematic method better reflects how the underlying asset will be used by and benefits the lessee over the lease term. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842). The amendments in this ASU require an entity to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. The amendments also require certain quantitative and qualitative disclosures about leasing arrangements. The Company adopted ASC 842, effective as of the beginning of the first period presented, by using a modified retrospective transition approach in the accompanying financial statements of the Company. The adoption of this standard had an immaterial impact on the Company’s financial position, with no material impact on the results of operations and cash flows. The Company’s accounting policy is to recognize lease payments as rental expense for short-term leases less than 12 months and operating lease over 12 months on a straight-line basis. During the six months ended September 30, 2022 and 2021, the Company’s recognized rental expenses amounted $105,522 and $44,221, respectively, pertaining to short-term leases.
Impairment of long-lived assets	k) Impairment of long-lived assets The Group evaluates its long-lived assets with finite lives for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset may not be fully recoverable. When these events occur, the Group evaluates the impairment by comparing carrying amount of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying amount of the assets, the Group recognizes an impairment loss based on the excess of the carrying amount of the long-lived assets over their fair value. There was no impairment of long-lived assets for the six months ended September 30, 2022 and 2021.
Fair value of financial instruments	l) Fair value of financial instruments The fair value of a financial instrument is defined as the exchange price that would be received from an asset or paid to transfer a liability (as exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, time deposits, accounts receivable and other current assets, accounts payable, and other current liabilities, approximate their fair values because of the short maturity of these instruments and market rates of interest. ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: ● Level 1 - Quoted prices in active markets for identical assets and liabilities. ● Level 2 - Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Group considers the carrying amount of its financial assets and liabilities, which consist primarily of cash and cash equivalents, accounts receivable, prepayments, other receivables, accounts payable and other payable approximate the fair value of the respective assets and liabilities as of September 30, 2022 and March 31, 2022 owing to their short-term nature or present value of the assets and liabilities.
Revenue recognition	m) Revenue recognition The Group has adopted Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“ASC 606”) effective as of April 1, 2018. The Group has chosen to use the full retrospective transition method, under which it is required to revise its consolidated financial statements for the year ended March 31, 2017, as if ASC 606 had been effective for those periods. Under ASC 606, the Group recognizes revenue when a customer obtains control of promised goods, in an amount that reflects the consideration which the Group expects to receive in exchange for the goods. To determine revenue recognition for arrangements within the scope of ASC 606, the Group performs the following five steps: (1) identify the contracts with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when or as the entity satisfies a performance obligation. The Group applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods it transfers to the customer. The Group’s revenue is principally derived from the rendering of education services as principal to the members through an online education platform. The online education services currently comprise of two aspects: online vocational training and virtual simulation experimental training. Students that sign up for the online vocational training can log into the platform and access pre-recorded courses in the areas of their professional development. Virtual simulation technology training offers college students the opportunity to conduct experiments in a virtual environment as part of their curricula. For VIP members who have access to all platforms except virtual simulation experimental training, the Group charges a flat annual fee of RMB100 per member. For VIP members who signed up between July 2018 and March 2019 enjoy the sales promotion of extending the membership period from one year to two years. For SVIP members who have access to all platforms including virtual simulation experimental training, the Group charges a flat fee of RMB300 per member per quarter. In response to the outbreak of the COVID-19 in China, all courseware of the Company was free of charge during February 1, 2020 to February 29, 2020, and the membership period of the existing paying-members was automatically extended for one month. During the quarter from April to June 2020, the company had a promotion campaign for the new registered VIP members and SVIP members: for new VIP members, they gained a two-years membership which normally be only one-year; for new SVIP members, they gained a six-months membership which normally be only three-months. The membership services mainly provide access to online education services, which are accounted for as a single performance obligation as the membership services are highly integrated. These service fees are collected in lump-sum for a specific contracted service period when the service contract is signed and the revenues are recognized proportionally over the time throughout service period, as the Group concluded that the membership service represents a stand ready obligation to provide the services while the member simultaneously receives and consumes the benefits of such services throughout the contract period. Deferred revenue refers to the remaining unamortized amount of membership fee that online members paid in advance. The Group also generates revenue from technology services including software development as well as comprehensive cloud services for private companies, academic institutions and government agencies in PRC, which is recognized proportionally over the time throughout the service period. Contract balances The following table provides information about the Group’s contract liabilities arising from contract with customers. The increase in contract liabilities primarily resulted from the Group’s business growth. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 ​ ​ (Unaudited) ​ (Audited) Deferred revenue-current ​ $ 3,193,145 ​ $ 6,864,731 Deferred revenue-non-current ​ 3,320 ​ 3,713 Total ​ $ 3,196,465 ​ $ 6,868,444 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Revenue recognized from deferred revenue balance ​ $ 6,420,621 ​ $ 11,015,146 ​ Deferred revenue primarily consists of membership fee received from customers for which the Group’s revenue recognition criteria have not been met. The deferred revenue will be recognized as revenue once the criteria for revenue recognition have been met. The Group’s remaining performance obligations represents the amount of the transaction price for which service has not been performed. As of September 30, 2022, the aggregate amount of the transaction price allocated for the remaining performance obligations amounted to $3,193,145. The Group expects to recognize revenue of $3,193,145 related the remaining performance obligations over the next 12 months.
Cost of revenue	n) Cost of revenue Cost of revenue is mainly composed of copyright fees and related expenses for courseware and content development, website maintenance and information technology technicians and other employees, depreciation and amortization expenses, server management and bandwidth leasing fees paid to third-party providers and other miscellaneous expenses.
Employee benefit expenses	o) Employee benefit expenses All eligible employees of the Group are entitled to staff welfare benefits including medical care, welfare subsidies, unemployment insurance, pension benefits and housing funds through a PRC government-mandated multi-employer defined contribution plan. The Group is required to make contributions to the plan and accrues for these benefits based on certain percentages of the qualified employees’ salaries. The Group recorded employee benefit expenses of $71,742 and $57,619 for the six month periods ended September 30, 2022 and 2021, respectively.
Selling and marketing expenses	p) Selling and marketing expenses Selling and marketing are expensed as incurred in accordance with ASC 720-35. Among these, advertising and promotion costs were $177,532 and $373,535 for the six month periods ended September 31, 2022 and 2021, respectively.
Research and development expenses	q) Research and development expenses Research and development expenses consist of compensation and benefit expenses to the technology development personnel. Research and development expenses are primarily incurred in the development of new features and general improvement of the technology infrastructure to support its business operations. Research and development costs are expensed as incurred unless such costs qualify for capitalization as software development costs. In order to qualify for capitalization, (i) the preliminary project should be completed, (ii) management has committed to funding the project and it is probable that the project will be completed and the software will be used to perform the function intended, and (iii) it will result in significant additional functionality in the Group’s services. No research and development expenses were capitalized for all years presented as the Group has not met all of the necessary capitalization requirements.
Income taxes	r) Income taxes The Group follows the liability method of accounting for income taxes in accordance with ASC 740 (“ASC 740”), Income Taxes. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Group records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rate is recognized in tax expense in the period that includes the enactment date of the change in tax rate. The Group accounted for uncertainties in income taxes in accordance with ASC 740. Interest and penalties related to unrecognized tax benefit recognized in accordance with ASC 740 are classified in the consolidated statements of income as income tax expense.
Value added tax ("VAT")	s) Value added tax (“VAT”) The Group is subject to VAT and related surcharges on revenue generated from the rendering of education services to the members through online education platform. The Group records revenue net of output VAT. This output VAT may be offset by qualified input VAT paid by the Group to suppliers. Net VAT balance between input VAT and output VAT is recorded in the line item of tax payable on the consolidated balance sheets. The Group is subject to VAT at the rate of 6% depending on whether the entity is a general tax payer, and related surcharges on revenue generated from providing services. Entities that are VAT general taxpayers are allowed to offset qualified input VAT, paid to suppliers against their output VAT liabilities.
Ordinary Shares	t) Ordinary Shares The Company accounts for repurchased ordinary shares under the cost method and include such treasury shares as a component of the common shareholders’ equity. Cancellation of treasury shares is recorded as a reduction of ordinary shares, additional paid-in capital and retained earnings, as applicable. An excess of purchase price over par value is allocated to additional paid-in capital first with any remaining excess charged entirely to retained earnings. On April 22, 2020, initial shareholders of the Company approved a consolidation and increase of share capital such that the authorized share capital of the Company consists of $75,000 divided into 500,000,000 ordinary shares of $0.00015 par value each, resulting in an aggregate of 12,000,000 ordinary shares outstanding. On May 29, 2020, the shareholders approved a consolidation and increase of share capital such that the authorized share capital of the company consists of $100,000 divided into 500,000,000 ordinary shares of $0.0002 par value each, resulting in an aggregate of 9,000,000 ordinary shares outstanding. On July 27, 2020, the Company closed its initial public offering of 3,000,000 ordinary shares, US$0.0002 par value per share at an offering price of $5.00 per share, resulting in an aggregate of 12,000,000 ordinary shares outstanding. On September 1, 2021, the Company issued 2,900,000 new ordinary shares, resulting in an aggregate of 14,900,000 ordinary shares outstanding. Unless otherwise noted, all share and per share information has been adjusted to retroactively show the effect of the stock consolidation.
Related parties	u) Related parties Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, shareholder, or a related corporation.
Statutory reserves	v) Statutory reserves The Company’s PRC subsidiaries are required to make appropriations to certain non-distributable reserve funds. In accordance with China’s Company Laws, the Company’s PRC subsidiary that are Chinese companies, must make appropriations from their after-tax profit (as determined under the Accounting Standards for Business Enterprises as promulgated by the Ministry of Finance of the People’s Republic of China (“PRC GAAP”)) to non-distributable reserve funds including (i) statutory surplus fund and (ii) discretionary surplus fund. The appropriation to the statutory surplus fund must be at least 10% of the after-tax profits calculated in accordance with PRC GAAP. Appropriation is not required if the statutory surplus fund has reached 50% of the registered capital of the respective company. Appropriation to the discretionary surplus fund is made at the discretion of the respective company. Pursuant to the laws applicable to China’s Foreign Investment Enterprises, the Company’s subsidiaries that are foreign investment enterprises in China have to make appropriations from their after-tax profit (as determined under PRC GAAP) to reserve funds including (i) general reserve fund, (ii) enterprise expansion fund and (iii) staff bonus and welfare fund. The appropriation to the general reserve fund must be at least 10% of the after tax profits calculated in accordance with PRC GAAP. Appropriation is not required if the reserve fund has reached 50% of the registered capital of the respective company. Appropriations to the other two reserve funds are at the respective company’s discretion. The use of the general reserve fund, statutory surplus fund and discretionary surplus fund are restricted to the offsetting of losses to increase the registered capital of the respective company. These reserves are not allowed to be transferred out as cash dividends, loans or advances, nor can they be distributed except under liquidation.
Earnings per share	w) Earnings per share The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies with complex capital structures to present basic and diluted EPS. Basic EPS is measured as Net profit divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS.
Foreign currency translation	x) Foreign currency translation The Group’s principal country of operations is the PRC. The financial position and results of its operations are determined using RMB, the local currency, as the functional currency. The consolidated financial statements are reported using U.S. Dollars as presentational currency. The results of operations and the statement of cash flows denominated in foreign currency are translated at the average rate of exchange during the reporting period. Assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date. The equity denominated in the functional currency is translated at the historical rate of exchange at the time of capital contribution. Because cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated other comprehensive income (loss) included in consolidated statements of changes in equity. Gains and losses from foreign currency transactions are included in the consolidated statement of income and comprehensive income. The value of RMB against U.S. Dollar may fluctuate and is affected by, among other things, changes in the PRC’s political and economic conditions. Any significant revaluation of RMB may materially affect the Group’s consolidated financial condition in terms of reporting. The following table outlines the currency exchange rates that were used in the consolidated financial statements: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 March 31, 2022 September 30, 2021 Year-end spot rate US$1= 7.0998 RMB ​ US$1= 6.3482 RMB US$1=6.4854 RMB Average rate US$1= 6.7873 RMB ​ US$1= 6.4083 RMB US$1=6.4515 RMB
Comprehensive income/(loss)	y) Comprehensive income/(loss) Comprehensive income/(loss) is defined as the changes in shareholders’ equity during a period arising from transactions and other events and circumstances excluding transactions resulting from investments by shareholders and distributions to shareholders. Comprehensive income or loss is reported in the consolidated statements of comprehensive income/(loss). Accumulated other comprehensive income/(loss), as presented on the accompanying consolidated balance sheets, consists of accumulated foreign currency translation adjustments.
Segment reporting	z) Segment reporting In accordance with ASC 280, Segment Reporting, operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance. The Group has only one reportable segment since the Group does not distinguish revenues, costs and expenses by operating segments in its internal reporting, and reports costs and expenses by nature as a whole. The Group’s CODM, who has been identified as the CEO, reviews the consolidated results when making decisions about allocating resources and assessing performance of the Group as a whole. As the Group generates all of its revenue in the PRC, no geographical segments are presented.
Concentration of risks	aa) Concentration of risks Exchange Rate Risks The Company’s Chinese subsidiaries may be exposed to significant foreign currency risks from fluctuations and the degree of volatility of foreign exchange rates between the U.S. Dollar and the RMB. As of September 30, 2022 and March 31, 2022, the RMB denominated cash and cash equivalents amounted to $20,979,642 and $21,206,372 respectively. Currency Convertibility Risks Substantially all of the Group’s operating activities are transacted in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions requires submitting a payment application form together with other information such as suppliers’ invoices, shipping documents and signed contracts. Concentration of Credit Risks Financial instruments that potentially subject the Group to concentration of credit risks consist primarily of cash and cash equivalents and accounts receivable, the balances of which stated on the consolidated balance sheets represented the Group’s maximum exposure. The Group places its cash and cash equivalents in good credit quality financial institutions in China. Concentration of credit risks with respect to accounts receivables is linked to the concentration of revenue. To manage credit risk, the Group performs ongoing credit evaluations of customers’ financial condition.
Risks and uncertainties	ab) Risks and uncertainties The operations of the Group are located in the PRC. Accordingly, the Group’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in the PRC, as well as by the general state of the PRC economy. The Group’s results may be adversely affected by changes in the political, regulatory and social conditions in the PRC. Although the Group has not experienced losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and structure disclosed in Note 1, this may not be indicative of future results.
Recently announced accounting standards	ac) Recently announced accounting standards The Group considers the applicability and impact of all accounting standards updates (“ASU”). Management periodically reviews new accounting standards that are issued. In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”, which clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments also clarify that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. This guidance also requires certain disclosures for equity securities subject to contractual sale restrictions. The new guidance is required to be applied prospectively with any adjustments from the adoption of the amendments recognized in earnings and disclosed on the date of adoption. This guidance is effective for the Company for the year ending March 31, 2025 and interim reporting periods during the year ending March 31, 2025. Early adoption is permitted. The Group does not believe recently issued but not yet effective accounting standards would have a material effect on the consolidated financial position, statements of operations and cash flows.
Recently adopted accounting standards	ad) Recently adopted accounting standards In January 2020, the FASB issued ASU 2020-01, “Investments — Equity Securities (Topic 321), Investments — Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) — Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 (a consensus of the FASB Emerging Issues Task Force)”, which clarifies the interactions of the accounting for certain equity securities under ASC 321, investments accounted for under the equity method of accounting in ASC 323, and the accounting for certain forward contracts and purchased options accounted for under ASC 815. ASU 2020-01 could change how an entity accounts for (i) an equity security under the measurement alternative and (ii) a forward contract or purchased option to purchase securities that, upon settlement of the forward contract or exercise of the purchased option, would be accounted for under the equity method of accounting or the fair value option in accordance with ASC 825 “Financial Instruments”. These amendments improve current U.S. GAAP by reducing diversity in practice and increasing comparability of the accounting for these interactions. The new guidance is effective prospectively for the Company for the year ending March 31, 2022 and interim reporting periods during the year ending March 31, 2022. The Company adopted the accounting standard in October 2022. The adoption of the new guidance did not have a material impact on the Group’s consolidated statement of financial statement. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes,” which simplifies various aspects related to accounting for income taxes. ASU 2019-12 removes certain exception to the general principles in ASC 740 and also clarifies and amends existing guidance to improve consistent application. The new guidance is effective for us for the year ending March 31, 2022 and interim reporting periods during the year ending March 31, 2022. The Company adopted the accounting standard in October 2022. The adoption of the new guidance did not have a material impact on the Group’s consolidated statement of financial statement.

Organization and basis of fin_2

Organization and basis of financial statements (Tables)	6 Months Ended
	Sep. 30, 2022
Organization and basis of financial statements
Summary of the Company's subsidiaries and the VIE	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Percentage ​ ​ ​ ​ ​ ​ ​ of direct or ​ ​ ​ ​ ​ ​ ​ ​ indirect ​ ​ ​ ​ ​ ​ ​ ​ ownership ​ ​ ​ ​ Date of ​ Place of ​ by the ​ ​ Name of Entity incorporation incorporation Company Principal activities Subsidiaries: ​ ​ ​ ​ Direct Easy Skills Technology Limited (“Hong Kong ES”) ​ December 24, 2018 HK 100 % Holding company Skillful Craftsman Network Technology (Wuxi) Co., Ltd. (“WOFE” or “Craftsman Wuxi”) ​ January 16, 2019 PRC 100 % Investment holding Shenzhen Jisen Information Tech Limited (“Jisen Information”) ​ December 8, 2014 ​ PRC ​ 100 % Financial education and services VIE: ​ ​ ​ ​ ​ Indirect Wuxi Kingway Technology Co., Ltd. ( “Wuxi Wangdao”) ​ June 6, 2013 PRC 100 % Vocational online
Summary of financial statement balances and amounts of the Company's VIE were included in the accompanying consolidated financial statements	​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 ​ ​ (Unaudited) ​ (Audited) ASSETS ​ ​ Current assets: ​ ​ Cash and cash equivalents ​ $ 20,289,363 ​ $ 20,651,502 Accounts receivable, net ​ 20,902 ​ 252,215 Prepayments and other current assets ​ 131,155 ​ 466,846 Deferred expenses ​ ​ 249,428 ​ ​ 1,101,761 Amounts due from related parties ​ ​ 1,209,443 ​ ​ 1,589,182 Deferred tax asset ​ ​ 365,930 ​ ​ — Total current assets ​ 22,266,221 ​ 24,061,506 Non-current assets: ​ ​ ​ ​ ​ ​ Long-term investment ​ ​ 13,039,173 ​ ​ 14,673,898 Goodwill ​ ​ — ​ ​ 4,581,112 Property and equipment, net ​ 7,528,982 ​ 10,597,581 Intangible assets, net ​ 10,249,238 ​ 15,143,366 Total non-current assets ​ 30,817,393 ​ 44,995,957 TOTAL ASSETS ​ $ 53,083,614 ​ $ 69,057,463 Current liabilities: ​ ​ ​ ​ ​ ​ Accounts payable ​ $ 47,793 ​ $ 77,266 Taxes payable ​ 15,367 ​ 127,645 Employee benefits payable ​ ​ 48,833 ​ ​ 96,838 Deferred revenue-current ​ 3,193,141 ​ 6,864,731 Other payables ​ ​ 222,909 ​ ​ 5,104,380 Interest payable ​ ​ 594,238 ​ ​ — Related party payables ​ ​ — ​ ​ 44,107 Deferred tax liabilities ​ ​ — ​ ​ 38,744 Total current liabilities: ​ 4,122,281 ​ 12,353,711 Non-current liabilities: ​ ​ ​ ​ ​ ​ Long-term loans ​ ​ 13,241,558 ​ ​ 14,809,302 Deferred revenue-noncurrent ​ — ​ 3,713 Total non-current liabilities ​ 13,241,558 ​ 14,813,015 TOTAL LIABILITIES ​ $ 17,363,839 ​ $ 27,166,726 ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 ​ ​ (Unaudited) ​ (Unaudited) Revenue ​ $ 6,721,036 ​ $ 11,851,792 Net (loss) / income ​ $ (1,533,605) ​ $ 1,640,698 ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 ​ ​ (Unaudited) ​ (Unaudited) Net cash provided by operating activities ​ $ 1,586,763 ​ $ 4,630,397 Net cash used in investing activities ​ (5,526) ​ (598,310) Net cash provided by financing activities ​ — ​ — Effects of exchange rate changes on cash ​ (1,943,377) ​ 21,468 Net cash inflow ​ $ (362,140) ​ $ 4,053,555

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Sep. 30, 2022
Summary of Significant Accounting Policies
Summary of estimated useful lives of property and equipment	​ ​ ​ ​ Server hardware 5 years Vehicles 5 years
Summary of estimated useful lives of intangible assets	​ ​ ​ ​ Software ​ 5 years Courseware ​ 5 years Copyrights 5 years
Schedule of contract balances	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 ​ ​ (Unaudited) ​ (Audited) Deferred revenue-current ​ $ 3,193,145 ​ $ 6,864,731 Deferred revenue-non-current ​ 3,320 ​ 3,713 Total ​ $ 3,196,465 ​ $ 6,868,444 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Revenue recognized from deferred revenue balance ​ $ 6,420,621 ​ $ 11,015,146
Summary of currency exchange rates that were used in the consolidated financial statements	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 March 31, 2022 September 30, 2021 Year-end spot rate US$1= 7.0998 RMB ​ US$1= 6.3482 RMB US$1=6.4854 RMB Average rate US$1= 6.7873 RMB ​ US$1= 6.4083 RMB US$1=6.4515 RMB

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
	Sep. 30, 2022
Business Combination
Schedule of allocation of the purchase price	​ ​ ​ ​ ​      Amount ​ ​ USD Fair value of total consideration transferred: ​    Equity instrument (2.9 million common shares issued) ​ 4,640,000 Cash acquired from business combination ​ (50,427) Subtotal ​ 4,589,573 Recognized amounts of identifiable assets acquired and liability assumed: ​ 　 ​ Current assets ​ 17,152 Intangible asset - computer software copyrights ​ 175,854 Current liabilities ​ (140,581) Deferred tax liabilities ​ (43,964) Total identifiable net assets ​ 8,461 Goodwill* ​ 4,581,112 * curriculum system and customized data analysis platform. Jisen Information’s cloud education technology architecture system provides important complement to Company’s existing technology platform. With Jisen Information’s research and develop ability, the Company expects to lower the cost in platform construction and maintenance. Also, Jisen Information has established cooperation with five Chinese colleges and universities such as Anhui Normal University, Anhui University of Engineering and Anhui Business College. The Company gained potential customer resources from the business acquisition.

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	6 Months Ended
	Sep. 30, 2022
Cash and cash equivalents
Summary of cash and cash equivalents	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Cash on hand ​ $ 384 ​ $ 429 Bank balances ​ 22,544,298 ​ 23,833,460 Other monetary funds ​ ​ 211 ​ ​ 236 Total ​ $ 22,544,893 ​ $ 23,834,125

Accounts receivable, net (Table

Accounts receivable, net (Tables)	6 Months Ended
	Sep. 30, 2022
Accounts receivable, net
Summary of accounts receivable, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Accounts receivable, gross ​ $ 140,112 ​ $ 252,215 Less: allowance for doubtful accounts ​ — ​ — Accounts receivable, net ​ $ 140,112 ​ $ 252,215

Prepayments (Tables)

Prepayments (Tables)	6 Months Ended
	Sep. 30, 2022
Prepayments and other current assets
Summary of prepayments and other current assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Prepaid service fees ​ $ 415,036 ​ $ 1,309,069 Prepaid insurance fee ​ ​ — ​ ​ 44,519 Prepaid income tax expenses ​ ​ — ​ ​ 318,162 Total ​ $ 415,036 ​ $ 1,671,750

Advance for investment (Tables)

Advance for investment (Tables)	6 Months Ended
	Sep. 30, 2022
Advance for investment
Advance for investment	​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September March 31, ​ ​ 30, 2022 ​ 2022 Advance for investment(1) ​ $ 1,840,897 ​ $ 1,732,775 Total ​ $ 1,840,897 ​ $ 1,732,775 (1)

Other receivables (Tables)

Other receivables (Tables)	6 Months Ended
	Sep. 30, 2022
Other receivables
Summary of other receivables	​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ March 31, ​ 2022 2022 Amount due from third parties ​ 4,934 ​ 33,059 Others (1) ​ ​ 24,428 ​ ​ — Total ​ $ 29,362 ​ $ 33,059 (1) Others mainly includes the VAT payable.

Long-term investment (Tables)

Long-term investment (Tables)	6 Months Ended
	Sep. 30, 2022
Long-term investment
Summary of long-term investment	​ ​ ​ ​ ​ ​ ​ ​ ​ Investment-1 Investment-2 Total ​ USD USD ​ USD Balance as of March 31, 2022 ​ 282,545 14,673,898 ​ 14,956,443 Investments made — ​ — ​ — Share of Loss of Equity method investees (19,296) ​ (85,058) ​ (104,354) Foreign currency translation adjustments (29,061) ​ (1,549,667) ​ (1,578,728) Balance as of September 30, 2022 234,188 ​ 13,039,173 ​ 13,273,361

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Sep. 30, 2022
Goodwill
Schedule of changes in the carrying amount of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency Balance as of ​ ​ Balance as of ​ ​ ​ ​ ​ translation ​ September 30, ​ ​ March 31, 2022 ​ Additions ​ Impairment ​ adjustments ​ 2022 Jisen 4,581,112 — — (412,893) 4,168,219 Total 4,581,112 — — (412,893) 4,168,219

Property and equipment, net (Ta

Property and equipment, net (Tables)	6 Months Ended
	Sep. 30, 2022
Property and equipment, net
Summary of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Server hardware ​ $ 19,406,241 ​ $ 21,703,857 Vehicles ​ 205,136 ​ 229,424 ​ ​ 19,611,377 ​ 21,933,281 Less: accumulated depreciation ​ (12,000,901) ​ (11,234,271) Property and equipment, net ​ $ 7,610,476 ​ $ 10,699,010

Intangible assets, net (Tables)

Intangible assets, net (Tables)	6 Months Ended
	Sep. 30, 2022
Intangible assets, net
Summary of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Software ​ $ 6,016,013 ​ $ 6,073,217 Courseware ​ 29,071,150 ​ 32,954,121 Copyrights ​ 11,681,456 ​ 13,275,393 ​ ​ 46,768,619 ​ 52,302,731 Less: accumulated amortization ​ (36,237,781) ​ (36,970,335) Intangible assets, net ​ $ 10,530,838 ​ $ 15,332,396
Schedule of amortization amount of intangible asset	​ ​ ​ ​ 2023 $ 2,476,172 2024 ​ 3,353,460 2025 ​ 2,604,144 2026 ​ 1,832,526 Thereafter ​ 264,536 Total ​ $ 10,530,838

Operating Right-of-use asset,_2

Operating Right-of-use asset, net (Tables)	6 Months Ended
	Sep. 30, 2022
Operating Right-of-use asset, net
Schedule of operating Right-of-use asset, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, Increase/ Exchange rate September 30, ​ ​ 2022 ​ (Decrease) ​ translation ​ 2022 Shenzhen Wan ​ $ — ​ $ 217,260 ​ $ — ​ $ 217,260 Total right-of-use assets, at cost ​ — ​ 217,260 ​ — ​ 217,260 Less: accumulated amortization ​ — ​ (55,119) ​ 2,425 ​ (52,694) Right-of-use assets, net ​ $ — ​ $ 162,141 ​ $ 2,425 ​ $ 164,566

Accounts payable (Tables)

Accounts payable (Tables)	6 Months Ended
	Sep. 30, 2022
Accounts payable
Summary of accounts payable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Payable to a supplier of virtual simulation software ​ $ 47,793 ​ $ 77,266 Total ​ $ 47,793 ​ $ 77,266

Accrued expenses (Tables)

Accrued expenses (Tables)	6 Months Ended
	Sep. 30, 2022
Accrued expenses
Schedule of accrued expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Accrued payroll ​ $ 778,885 ​ $ 480,404 Accrued rental fee ​ 113,461 ​ 77,777 Accrued promotion fee ​ ​ 19,334 ​ ​ 51,252 Audit fee Payable ​ ​ 20,000 ​ ​ 20,000 Accrued Interest ​ ​ 594,238 ​ ​ 219,097 Other ​ ​ 11,593 ​ ​ 13,020 Total ​ $ 1,537,511 ​ $ 861,550

Operating lease liability (Tabl

Operating lease liability (Tables)	6 Months Ended
	Sep. 30, 2022
Operating lease liability
Schedule of operating lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ March 31, ​ 2022 2022 Shenzhen Wan ​ $ 221,255 ​ $ —
Schedule of analyzed operating lease liability	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, ​ March 31, ​ 2022 2022 Operating Lease Liability-noncurrent ​ $ 57,852 ​ $ — Operating Lease Liability-current ​ 164,403 ​ — Total ​ 221,255 ​ —
Schedule of maturity analysis of operating lease liabilities	Maturity analysis of operating lease liabilities as of September 30, 2022 is as follows: ​ ​ ​ ​ ​ ​ Discount rate at commencement $ 3.6500 % One year ​ 168,279 ​ Two years ​ 58,475 ​ Total undiscounted cash flows ​ 226,754 ​ Total operating lease liabilities ​ 221,255 ​ Difference between undiscounted cash flows and discounted cash flows ​ $ 5,499 ​

Long-term loans (Tables)

Long-term loans (Tables)	6 Months Ended
	Sep. 30, 2022
Long-term loans
Schedule of long term loans	​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, March 31, ​ ​ 2022 ​ 2022 Long-term loan ​ $ 13,241,558 ​ $ 14,809,302

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Sep. 30, 2022
Revenue
Schedule of disaggregated revenue by types	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Online VIP membership revenue ​ $ 5,284,761 ​ $ 9,390,420 Online SVIP membership revenue ​ 1,395,327 ​ 2,348,454 Technology services revenue ​ 614,612 ​ 112,918 Total ​ $ 7,294,700 ​ $ 11,851,792

Cost of revenue (Tables)

Cost of revenue (Tables)	6 Months Ended
	Sep. 30, 2022
Cost of revenue
Schedule of cost of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Amortization expenses ​ $ 3,310,928 ​ $ 3,948,391 Depreciation expenses of server hardware ​ 2,033,556 ​ 2,051,081 Resource usage fees ​ ​ 766,135 ​ ​ 806,014 Website maintenance fee ​ 766,135 ​ 806,014 Virtual simulation fee ​ ​ 359,297 ​ ​ 604,727 Raw material consumption fees ​ 1,946 ​ 15,354 Other ​ 98,428 ​ 23,426 Total ​ $ 7,336,425 ​ $ 8,255,007

Operating expenses (Tables)

Operating expenses (Tables)	6 Months Ended
	Sep. 30, 2022
Operating expenses
Schedule of operating expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Selling and marketing expenses: ​ ​ Promotion expenses ​ $ 149,820 ​ $ 373,535 Telecommunications service fees ​ ​ 40,325 ​ ​ 152,832 Union pay service charges ​ 37,684 ​ 93,578 Employee compensation ​ 41,438 ​ 88,323 Employee benefit expenses ​ 9,721 ​ 11,923 ​ ​ $ 278,988 ​ $ 720,191 ​ ​ ​ ​ ​ ​ ​ General and administrative expenses: ​ ​ Employee compensation ​ $ 1,090,274 ​ $ 1,399,552 Audit fee ​ ​ 235,500 ​ ​ 352,100 Consulting fee ​ ​ 138,600 ​ ​ 161,778 Insurance fee ​ ​ 44,519 ​ ​ 95,688 Attorney fee ​ ​ 50,501 ​ ​ 76,045 Service fee ​ ​ 30,821 ​ ​ 53,695 ​ ​ ​ ​ ​ ​ ​ Employee benefit expenses ​ 54,215 ​ 45,696 Rental fee ​ ​ 105,522 ​ ​ 44,221 Entertainment ​ ​ 13,510 ​ ​ 22,701 Travel and Communication expenses ​ ​ 15,213 ​ ​ 17,219 Investment relationship fee ​ ​ 40,026 ​ ​ — Amortization of intangible assets ​ ​ 16,737 ​ ​ — Depreciation expenses of vehicles ​ ​ 12,408 ​ ​ — Daily expenses ​ 12,549 ​ — Other ​ ​ 2,009 ​ ​ 24,316 ​ ​ $ 1,862,404 ​ $ 2,293,011 Operating expenses ​ $ 2,141,392 ​ $ 3,013,202

Taxation (Tables)

Taxation (Tables)	6 Months Ended
	Sep. 30, 2022
Taxation
Schedule of current and deferred portions of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Current ​ $ 378,849 ​ $ 550,933 Deferred ​ (386,961) ​ 734 Income tax expense ​ $ (8,112) ​ $ 551,667
Schedule of reconciliation of statutory income tax and effective tax	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Income before income taxes $ (2,992,228) $ 508,303 ​ Tax rate ​ 25 % ​ 25 % Provision for income taxes at statutory tax rate ​ $ (748,057) ​ $ 127,076 ​ Additional deductible of R&D expense ​ ​ — ​ ​ — ​ Effect of tax exempt entity ​ ​ 311,599 ​ ​ 411,016 ​ Effect of previous year tax filing ​ ​ 2,481 ​ ​ 1,306 ​ Effect of non-tax deductible expenses ​ 55,935 ​ 12,269 ​ Effect of tax loss recognized ​ ​ 369,930 ​ ​ — ​ Income tax expense ​ $ (8,112) ​ $ 551,667 ​ Deferred tax assets ​ $ 365,930 ​ $ — ​ Total ​ ​ 365,930 ​ ​ — ​
Schedule of taxes payable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Income tax payable ​ $ 148,292 ​ $ 81,610 VAT payable ​ 15,724 ​ 46,035 Other tax payables ​ 839 ​ — Total ​ $ 164,855 ​ $ 127,645

Related parties (Tables)

Related parties (Tables)	6 Months Ended
	Sep. 30, 2022
Related parties
Schedule of related party transactions	a) The table below sets forth the related party and the relationship with the Company: ​ ​ ​ ​ Name of related party Relationship with the Company Xiaofeng Gao ​ Chairman of the Board of Directors and Chief Executive Officer, 25.97% beneficial owner of the Company Bin Fu ​ General Manager of Jisen Information Hunan Medical Star Technology Co., Ltd.(Medical Star) ​ Joint venture b) The Company had the following related party balance with the related party mentioned above: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 Amounts due to Xiaofeng Gao ​ $ 89 ​ $ 2,542 Amounts due to Bin Fu ​ ​ 39,550 ​ ​ 44,107 Amounts due from Medical Star ​ ​ 59,157 ​ ​ — Advance from Medical Star ​ ​ 2,670 ​ ​ — Total ​ ​ 101,466 ​ ​ 46,649 c) The Company had the following related party transaction with the related party mentioned above: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Expense paid by Xiaofeng Gao ​ $ 1,071 ​ $ 1,297 Repayment to Xiaofeng Gao ​ 3,514 ​ ​ 252,602 Sales to Medical Star ​ 34,693 ​ ​ —

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Sep. 30, 2022
Commitments and Contingencies
Schedule of future minimum payments under non-cancelable operating leases	As of September 30, 2022, future minimum payments under non-cancelable operating leases were as follows: Future Lease Payments ​ ​ ​ ​ October 2022 to September 2023 $ 223,914 October 2023 to September 2024 ​ ​ 58,475 Total ​ $ 282,389

Condensed financial informati_2

Condensed financial information of the Company (Tables)	6 Months Ended
	Sep. 30, 2022
Condensed financial information of the Company
Summary of condensed financial information of the Company on a parent company only basis	Condensed balance sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ September 30, 2022 March 31, 2022 ​ ​ (Unaudited) ​ (Audited) ASSETS ​ ​ Current assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,515,204 ​ $ 2,622,624 Deferred expenses ​ ​ 14,875 ​ ​ 48,624 Prepayments ​ ​ 3,776,314 ​ ​ 148,355 Investment in subsidiaries and VIE ​ 38,047,177 ​ 48,796,630 TOTAL ASSETS ​ $ 43,353,570 ​ $ 51,616,233 Amounts due to related parties ​ ​ 20,000 ​ ​ 2,443 Amounts due to subsidiaries and VIE ​ ​ — ​ ​ 967,522 Accrued expenses ​ ​ 671,133 ​ ​ 382,983 TOTAL LIABILITIES ​ $ 691,133 ​ $ 1,352,948 Shareholders’ equity ​ ​ Ordinary shares, par value $0.0002 per share, 500,000,000 shares authorized; 14,900,000 and 14,900,000 shares issued and outstanding ​ 2,980 ​ 2,980 Additional paid-in capital ​ 18,055,407 ​ 18,055,407 Statutory reserve ​ 745,590 ​ 745,590 Accumulated profits ​ 26,034,769 ​ 29,018,885 Accumulated other comprehensive income ​ (2,176,309) ​ 2,440,423 Total shareholders’ equity ​ $ 42,662,437 ​ $ 50,263,285 ​ Condensed statements of income (unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Revenue ​ $ — ​ $ — Cost of revenue ​ ​ — ​ ​ — Gross profit ​ ​ — ​ ​ — Operating expenses: ​ ​ ​ ​ ​ ​ General and administrative expenses ​ $ (1,245,367) ​ $ (1,587,311) Share of profit in subsidiaries and VIE ​ (1,737,721) ​ 1,600,703 Others, net ​ ​ (1,028) ​ ​ (56,756) (Loss)/Income before income tax provision ​ (2,984,116) ​ (43,364) Provision for income tax ​ — ​ — Net (loss)/profit ​ $ (2,984,116) ​ $ (43,364) ​ Condensed statements of comprehensive income (unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended September 30, ​ 2022 2021 Net (loss)/income ​ $ (2,984,116) ​ $ (43,364) Other comprehensive income ​ (4,616,732) ​ 529,906 Total comprehensive income ​ $ (7,600,848) ​ $ 486,542 ​ Condensed cash flow ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended ​ ​ September 30, ​ 2022 2021 Net cash (used by) / provided by operating activities ​ $ (862,420) $ 3,468,883 Net cash used in investing activities ​ (245,000) ​ (2,020,000) Net cash provided by financing activities ​ — ​ — Net cash (outflow) / inflow ​ $ (1,107,420) ​ $ 1,448,883

Organization and basis of fin_3

Organization and basis of financial statements (Details)				6 Months Ended
	Jun. 06, 2022 USD ($)	Jun. 06, 2022 CNY (¥)	Sep. 01, 2021 $ / shares shares	Sep. 30, 2022 shares
Related party transaction
Issuance of ordinary shares for acquisition of new subsidiary			2,900,000
Jisen Information
Related party transaction
Issuance of ordinary shares for acquisition of new subsidiary			2,900,000
WOFE" or "Craftsman Wuxi
Related party transaction
Cash consideration	$ 1,408,490	¥ 10,000,000
Jisen Information | Jisen Information
Related party transaction
Percentage of ownership acquired	100%	100%	100%
Issuance of ordinary shares for acquisition of new subsidiary			2,900,000
Share price of ordinary shares issued for business combination | $ / shares			$ 1.60
WOFE" or "Craftsman Wuxi | WOFE" or "Craftsman Wuxi
Related party transaction
Percentage of ownership acquired	100%	100%
Mr.Gao Xiaofeng
Related party transaction
Number of ordinary shares issued				7,740,000
Mr.Hua Lugang Member
Related party transaction
Number of ordinary shares issued				1,800,000

Organization and basis of fin_4

Organization and basis of financial statements - Company's subsidiaries (Details)	6 Months Ended
	Sep. 30, 2022
Hong Kong ES
Parent Ownership Interest
Percentage of direct ownership by the Company	100%
WOFE" or "Craftsman Wuxi
Parent Ownership Interest
Percentage of direct ownership by the Company	100%
Jisen Information
Parent Ownership Interest
Percentage of direct ownership by the Company	100%
Wuxi Wangdao
Parent Ownership Interest
Percentage of indirect ownership by the Company	100%

Organization and basis of fin_5

Organization and basis of financial statements - VIEs (Details)	6 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 CNY (¥)	Mar. 31, 2022 USD ($)	Mar. 31, 2022 CNY (¥)
Variable interest entity
Contract price exceeding the limit to be called for major contract	$ 100,000
VIE contribution as a percentage of consolidated revenues	92%	100%
VIE contribution as a percentage of consolidated total assets	87%	86%
VIE contribution as a percentage of consolidated total liabilities	95%	90%
Current assets
Cash and cash equivalents	$ 22,544,893		¥ 20,979,642	$ 23,834,125	¥ 21,206,372
Accounts receivable, net	140,112			252,215
Prepayments and other current assets	415,036			1,671,750
Amounts due from a related party	59,157
Deferred tax assets	365,930
Total current assets	25,395,387			27,523,924
Non-current assets
Long-term investment	13,273,361			14,956,443
Goodwill	4,168,219			4,581,112
Property and equipment, net	7,610,476			10,699,010
Intangible assets, net	10,530,838			15,332,396
Total non-current assets	35,747,460			45,568,961
TOTAL ASSETS	61,142,847			73,092,885
Current liabilities
Accrued expenses	1,537,511			861,550
Accounts payable	47,793			77,266
Taxes payable	164,855			127,645
Deferred revenue-current	3,193,145			6,864,731
Related party payables	39,639			46,649
Deferred tax liabilities	31,334			38,744
Total current liabilities	5,177,680			8,016,585
Non-current liabilities
Long-term loans	13,241,558			14,809,302
Deferred revenue-noncurrent	3,320			3,713
Total non-current liabilities	13,302,730			14,813,015
TOTAL LIABILITIES	18,480,410			22,829,600
Revenue	7,294,700	$ 11,851,792
Net loss	(2,984,116)	(43,364)
Net cash provided by operating activities	556,282	1,765,733
Net cash used in investing activities	(304,981)	4,447,027
Net cash provided by financing activities	0
Effects of exchange rate changes on cash	(1,540,533)	46,239
Net cash inflow(outflow)	(1,289,232)	6,258,999
Variable Interest Entity, Primary Beneficiary [Member]
Current assets
Cash and cash equivalents	20,289,363			20,651,502
Accounts receivable, net	20,902			252,215
Prepayments and other current assets	131,155			466,846
Deferred expenses	249,428			1,101,761
Amounts due from a related party	1,209,443			1,589,182
Deferred tax assets	365,930
Total current assets	22,266,221			24,061,506
Non-current assets
Long-term investment	13,039,173			14,673,898
Goodwill				4,581,112
Property and equipment, net	7,528,982			10,597,581
Intangible assets, net	10,249,238			15,143,366
Total non-current assets	30,817,393			44,995,957
TOTAL ASSETS	53,083,614			69,057,463
Current liabilities
Accounts payable	47,793			77,266
Taxes payable	15,367			127,645
Employee benefits payable	48,833			96,838
Deferred revenue-current	3,193,141			6,864,731
Other payables	222,909			5,104,380
Interest payable	594,238
Related party payables				44,107
Deferred tax liabilities				38,744
Total current liabilities	4,122,281			12,353,711
Non-current liabilities
Long-term loans	13,241,558			14,809,302
Deferred revenue-noncurrent				3,713
Total non-current liabilities	13,241,558			14,813,015
TOTAL LIABILITIES	17,363,839			$ 27,166,726
Revenue	6,721,036	11,851,792
Net loss	(1,533,605)	1,640,698
Net cash provided by operating activities	1,586,763	4,630,397
Net cash used in investing activities	(5,526)	(598,310)
Effects of exchange rate changes on cash	(1,943,377)	21,468
Net cash inflow(outflow)	(362,140)	$ 4,053,555
Variable Interest Entity, Primary Beneficiary [Member] | Asset Not Pledged as Collateral [Member]
Non-current assets
TOTAL ASSETS	$ 0

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Property and equipment useful lives
short-term lease, expense	$ 105,522	$ 44,221
Minimum
Property and equipment useful lives
Short-term lease, lease term	12 months
Maximum
Property and equipment useful lives
Short-term lease, lease term	12 months
Server hardware
Property and equipment useful lives
Estimated useful lives of property and equipment	5 years
Vehicles
Property and equipment useful lives
Estimated useful lives of property and equipment	5 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Estimated useful lives of Intangible assets (Details)	6 Months Ended
	Sep. 30, 2022
Software
Estimated useful lives of Intangible assets
Estimated useful lives of intangible assets	5 years
Courseware
Estimated useful lives of Intangible assets
Estimated useful lives of intangible assets	5 years
Copyrights
Estimated useful lives of Intangible assets
Estimated useful lives of intangible assets	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Impairment of long-lived assets (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Summary of Significant Accounting Policies
Impairment of long-lived assets	$ 0	$ 0

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Revenue recognition (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Sep. 30, 2022 USD ($)	Sep. 30, 2022 CNY (¥)	Sep. 30, 2021 USD ($)	Mar. 31, 2022 USD ($)
Revenue recognition
Deferred revenue-current		$ 3,193,145			$ 6,864,731
Deferred revenue-noncurrent		3,320			3,713
Total		3,196,465			$ 6,868,444
Revenue recognized from deferred revenue balance		6,420,621		$ 11,015,146
Aggregate amount of the transaction price allocated for the remaining performance obligations		3,193,145
Remaining performance obligations over the next 12 months
Revenue recognition
Aggregate amount of the transaction price allocated for the remaining performance obligations		$ 3,193,145
Online VIP membership revenue
Revenue recognition
Annual fee per member | ¥			¥ 100
Online SVIP membership revenue
Revenue recognition
Quarterly fee per member | ¥			¥ 300
Minimum | Online VIP membership revenue
Revenue recognition
Membership period		1 year	1 year
Minimum | New VIP members
Revenue recognition
Membership period	1 year
Minimum | New SVIP members
Revenue recognition
Membership period	3 months
Maximum | Online VIP membership revenue
Revenue recognition
Membership period		2 years	2 years
Maximum | New VIP members
Revenue recognition
Membership period	2 years
Maximum | New SVIP members
Revenue recognition
Membership period	6 months

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Ordinary Shares (Details) - USD ($)	Sep. 01, 2021	Jul. 27, 2020	Sep. 30, 2022	Mar. 31, 2022	May 29, 2020	Apr. 22, 2020
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Common Stock, Value Authorized					$ 100,000	$ 75,000
Common Stock, Par or Stated Value Per Share			$ 0.0002	$ 0.0002	$ 0.0002	$ 0.00015
Common Stock, Shares Authorized			500,000,000	500,000,000	500,000,000	500,000,000
Issuance of ordinary shares for acquisition of new subsidiary	2,900,000
Common Stock, Shares, Outstanding	14,900,000		14,900,000	14,900,000	9,000,000	12,000,000
IPO
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Number of ordinary shares issued		3,000,000
Common Stock, Par or Stated Value Per Share		$ 0.0002
Offering price per share		$ 5
Common Stock, Shares, Outstanding		12,000,000

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Additional Information (Details)	6 Months Ended
	Sep. 30, 2022 USD ($) segment	Sep. 30, 2021 USD ($)	Sep. 30, 2022 CNY (¥)	Mar. 31, 2022 USD ($)	Mar. 31, 2022 CNY (¥)
Allowance for doubtful accounts
Allowance for doubtful accounts	$ 0	$ 0
Employee benefit expenses
Employee benefit expenses	71,742	57,619
Selling and marketing expenses:
Advertising and promotion costs	177,532	$ 373,535
Research and development costs
Research and development costs capitalized	$ 0
Value Added Tax [Abstract]
Value-added tax rate (in percent)	6%
Foreign currency translation
Year-end spot rate	7.0998	6.4854	7.0998	6.3482	6.3482
Average rate	6.7873	6.4515	6.7873	6.4083	6.4083
Segment reporting
Reportable segment | segment	1
Concentration of risks
RMB denominated cash and cash equivalents	$ 22,544,893		¥ 20,979,642	$ 23,834,125	¥ 21,206,372

Business Combination (Details)

Business Combination (Details)				6 Months Ended
	Jun. 06, 2022 USD ($)	Jun. 06, 2022 CNY (¥)	Sep. 01, 2021 $ / shares shares	Sep. 30, 2022
Business Combination
Issuance of ordinary shares for acquisition of new subsidiary			2,900,000
Jisen Information
Business Combination
Issuance of ordinary shares for acquisition of new subsidiary			2,900,000
Jisen Information | Computer software copyrights
Business Combination
Estimated useful life of identifiable intangible assets acquired				5 years
Jisen Information | Jisen Information
Business Combination
Percentage of ownership acquired	100%	100%	100%
Amount of business consideration	$ 1,408,490	¥ 10,000,000
Issuance of ordinary shares for acquisition of new subsidiary			2,900,000
Share price of ordinary shares issued for business combination | $ / shares			$ 1.60

Business Combination - Allocati

Business Combination - Allocation of the purchase price (Details) - USD ($)		6 Months Ended
	Sep. 01, 2021	Sep. 30, 2022	Sep. 30, 2021	Mar. 31, 2022
Fair value of total consideration transferred:
Cash acquired from business combination		$ 0	$ (50,229)
Recognized amounts of identifiable assets acquired and liability assumed:
Goodwill		4,168,219		$ 4,581,112
Issuance of ordinary shares for acquisition of new subsidiary	2,900,000
Shenzhen Jisen Information Tech Limited [Member]
Fair value of total consideration transferred:
Equity instrument (2.9 million common shares issued)	$ 4,640,000
Cash acquired from business combination	(50,427)
Subtotal	4,589,573
Recognized amounts of identifiable assets acquired and liability assumed:
Current assets	17,152
Intangible asset - computer software copyrights	175,854
Current liabilities	(140,581)
Deferred tax liabilities	(43,964)
Total identifiable net assets	8,461
Goodwill	$ 4,581,112	$ 4,168,219		$ 4,581,112
Issuance of ordinary shares for acquisition of new subsidiary	2,900,000

Cash and cash equivalents (Deta

Cash and cash equivalents (Details)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 CNY (¥)	Mar. 31, 2022 USD ($)	Mar. 31, 2022 CNY (¥)
Cash and cash equivalents
Cash on hand	$ 384		$ 429
Bank balances	22,544,298		23,833,460
Other monetary funds	211		236
Total	$ 22,544,893	¥ 20,979,642	$ 23,834,125	¥ 21,206,372

Accounts receivable, net (Detai

Accounts receivable, net (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Accounts receivable, net
Accounts receivable, gross	$ 140,112	$ 252,215
Less: allowance for doubtful accounts	0	0
Accounts receivable, net	$ 140,112	$ 252,215

Prepayments and other current_2

Prepayments and other current assets (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Prepayments and other current assets
Prepaid service fees	$ 415,036	$ 1,309,069
Prepaid insurance fee		44,519
Prepaid income tax expenses		318,162
Total	$ 415,036	$ 1,671,750

Advance for investment (Details

Advance for investment (Details)	6 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 CNY (¥)	Mar. 31, 2022 USD ($)	Sep. 30, 2022 CNY (¥) shares
Advance for investment | $	$ 1,840,897		$ 1,732,775
Total	$ 1,840,897		$ 1,732,775	¥ 13,070,000
Number of ordinary shares | shares	791,667			791,667
Amount payable for investment	$ 300,000			¥ 1,930,000
Wuxi Talent
Percentage of interest acquired by parent			100%
Wuxi Talent
Down payment	1,700,000	¥ 11,000,000
Unpaid amount	$ 300,000			¥ 2,070,000

Other receivables (Details)

Other receivables (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Other receivables
Amount due from third parties	$ 4,934	$ 33,059
Others	24,428
Total	$ 29,362	$ 33,059

Long-term investment (Details)

Long-term investment (Details)	1 Months Ended				6 Months Ended
	Jan. 31, 2022 USD ($)	Jan. 31, 2022 CNY (¥)	Aug. 31, 2021 USD ($)	Aug. 31, 2021 CNY (¥)	Sep. 30, 2022 USD ($)
Long-term investment
Balance as of March 31, 2022					$ 14,956,443
Share of Loss of Equity method investees					(104,354)
Foreign currency translation adjustments					(1,578,728)
Balance as of September 30, 2022					13,273,361
Medical Star
Long-term investment
Balance as of March 31, 2022					282,545
Investments made			$ 281,698	¥ 2,000,000
Share of Loss of Equity method investees					(19,296)
Foreign currency translation adjustments					(29,061)
Balance as of September 30, 2022					234,188
Fujian Fishery
Long-term investment
Balance as of March 31, 2022					14,673,898
Investments made	$ 13,241,558	¥ 94,012,410
Share of Loss of Equity method investees					(85,058)
Foreign currency translation adjustments					(1,549,667)
Balance as of September 30, 2022					$ 13,039,173

Long-term investment - Addition

Long-term investment - Additional information (Details)	1 Months Ended				6 Months Ended
	Jan. 31, 2022 USD ($) director	Jan. 31, 2022 CNY (¥) director	Aug. 31, 2021 USD ($) director	Aug. 31, 2021 CNY (¥) director	Sep. 30, 2022 USD ($)
Long-term investment
Loss on equity investment					$ (104,354)
Medical Star
Long-term investment
Cash consideration			$ 281,698	¥ 2,000,000
Equity method investment, ownership percentage			20%	20%
Loss on equity investment					(19,296)
Number of directors in board | director			7	7
Number of directors can be appointed | director			3	3
Voting power (in percent)			43%	43%
Fujian Fishery
Long-term investment
Cash consideration	$ 13,241,558	¥ 94,012,410
Equity method investment, ownership percentage	3%	3%
Loss on equity investment					$ (85,058)
Number of directors in board	1	1
Voting power (in percent)	20%	20%

Goodwill (Details)

Goodwill (Details)	6 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill
Beginning balance	$ 4,581,112
Foreign currency translation adjustments	(412,893)
Ending balance	4,168,219
Jisen
Goodwill
Beginning balance	4,581,112
Foreign currency translation adjustments	(412,893)
Ending balance	$ 4,168,219

Revenue - Contract balances (De

Revenue - Contract balances (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Mar. 31, 2022
Revenue
Deferred revenue-current	$ 3,193,145		$ 6,864,731
Deferred revenue-noncurrent	3,320		3,713
Total	3,196,465		$ 6,868,444
Revenue recognized from deferred revenue balance	$ 6,420,621	$ 11,015,146

Revenue - Additional informatio

Revenue - Additional information (Details)	Sep. 30, 2022 USD ($)
Revenue recognition
Aggregate amount of the transaction price allocated for the remaining performance obligations	$ 3,193,145
Short Term Contract With Customer [Member]
Revenue recognition
Aggregate amount of the transaction price allocated for the remaining performance obligations	$ 3,193,145

Property and equipment, net (De

Property and equipment, net (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Mar. 31, 2022
Property, Plant and Equipment, Net, by Type [Abstract]
Property and equipment, gross	$ 19,611,377		$ 21,933,281
Less: accumulated depreciation	(12,000,901)		(11,234,271)
Property and equipment, net	7,610,476		10,699,010
Impaired or pledged property and equipment	0	$ 0
Additions to property and equipment	0	653,189
Disposals of property and equipment	0	58,797
Depreciation	2,045,964	$ 2,051,081
Server hardware
Property, Plant and Equipment, Net, by Type [Abstract]
Property and equipment, gross	19,406,241		21,703,857
Vehicles
Property, Plant and Equipment, Net, by Type [Abstract]
Property and equipment, gross	$ 205,136		$ 229,424

Intangible assets, net (Details

Intangible assets, net (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Mar. 31, 2022
Intangible assets, net
2023	$ 2,476,172
2024	3,353,460
2025	2,604,144
2026	1,832,526
Thereafter	264,536
Intangible assets, net	10,530,838		$ 15,332,396
Intangible assets
Intangible assets, gross	46,768,619		52,302,731
Less: accumulated amortization	(36,237,781)		(36,970,335)
Total	10,530,838		15,332,396
Impaired or pledged intangible assets	0	$ 0
Additions to intangible assets	0	209,469
Disposals to intangible assets	0	0
Amortization expenses	3,327,665	$ 3,948,391
Software
Intangible assets
Intangible assets, gross	6,016,013		6,073,217
Courseware
Intangible assets
Intangible assets, gross	29,071,150		32,954,121
Copyrights
Intangible assets
Intangible assets, gross	$ 11,681,456		$ 13,275,393

Operating Right-of-use asset,_3

Operating Right-of-use asset, net (Details)	6 Months Ended
	Sep. 30, 2022 USD ($)
Operating Right-of-use asset, net
Total right-of-use assets, at cost	$ 164,566
Less: accumulated amortization	(52,694)
Increase decrease in accumulated amortization right of use assets	(55,119)
Accumulated amortization on exchange rate translation	2,425
Increase decrease on right of use assets	162,141
Exchange rate translation on right of use assets	2,425
Right-of-use assets, net	217,260
Shenzhen Wan
Operating Right-of-use asset, net
Total right-of-use assets, at cost	$ 217,260

Accounts payable (Details)

Accounts payable (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Accounts payable
Payable to a supplier of virtual simulation software	$ 47,793	$ 77,266
Total	$ 47,793	$ 77,266

Accrued expenses (Details)

Accrued expenses (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Accrued expenses
Accrued payroll	$ 778,885	$ 480,404
Accrued rental fee	113,461	77,777
Accrued promotion fee	19,334	51,252
Audit fee Payable	20,000	20,000
Accrued Interest	594,238	219,097
Other	11,593	13,020
Total	$ 1,537,511	$ 861,550

Operating lease liability (Deta

Operating lease liability (Details)	Sep. 30, 2022 USD ($)
Operating lease liability
Shenzhen Wan	$ 221,255

Operating lease liability - Ana

Operating lease liability - Analyzed for reporting purpose (Details)	Sep. 30, 2022 USD ($)
Operating lease liability
Operating Lease Liability-noncurrent	$ 57,852
Operating Lease Liability-current	163,403
Total operating lease liabilities	$ 221,255

Operating lease liability - Mat

Operating lease liability - Maturity analysis of operating lease liabilities (Details)	Sep. 30, 2022 USD ($)
Operating lease liability
Discount rate at commencement	3.65%
One year	$ 168,279
Two years	58,475
Total	226,754
Total operating lease liabilities	221,255
Difference between undiscounted cash flows and discounted cash flows	$ 5,499

Operating lease liability - Add

Operating lease liability - Additional Information (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating lease liability
Discount rate	3.65%
Weighted average remaining lease terms for operating leases	2 years
Operating lease cost	$ 55,119	$ 0
Operating lease expense	105,522	44,221
short-term lease, expense	$ 105,522	$ 44,221

Long-term loans (Details)

Long-term loans (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Long-term loans
Long-term loan	$ 13,241,558	$ 14,809,302

Long-term loans - Additional in

Long-term loans - Additional information (Details)	Sep. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jan. 04, 2022 USD ($)	Jan. 04, 2022 CNY (¥)
Debt Instrument [Line Items]
Long-term loans	$ 13,241,558	$ 14,809,302
Fujian Xinqiao Ocean Fishery Group Co
Debt Instrument [Line Items]
Long-term loans			$ 13,241,558	¥ 94,012,410
Debt term			5 years	5 years
Interest rate			6%	6%

Revenue (Details)

Revenue (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Revenue recognition
Revenue	$ 7,294,700	$ 11,851,792
Online VIP membership revenue
Revenue recognition
Revenue	5,284,761	9,390,420
Online SVIP membership revenue
Revenue recognition
Revenue	1,395,327	2,348,454
Technology services revenue
Revenue recognition
Revenue	$ 614,612	$ 112,918

Cost of revenue (Details)

Cost of revenue (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cost of revenue
Amortization expenses	$ 3,310,928	$ 3,948,391
Depreciation expenses of server hardware	2,033,556	2,051,081
Resource usage fees	766,135	806,014
Website maintenance fee	766,135	806,014
Virtual simulation fee	359,297	604,727
Raw material consumption fees	1,946	15,354
Other	98,428	23,426
Total	$ 7,336,425	$ 8,255,007

Operating expenses (Details)

Operating expenses (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Selling and marketing expenses:
Promotion expenses	$ 149,820	$ 373,535
Telecommunications service fees	40,325	152,832
Union pay service charges	37,684	93,578
Employee compensation	41,438	88,323
Employee benefit expenses	9,721	11,923
Total Selling and marketing expenses	278,988	720,191
General and administrative expenses:
Employee compensation	1,090,274	1,399,552
Audit fees	235,500	352,100
Consulting fee	138,600	161,778
Insurance fee	44,519	95,688
Attorney fee	50,501	76,045
Service fee	30,821	53,695
Employee benefit expenses	54,215	45,696
Rental fee	105,522	44,221
Entertainment	13,510	22,701
Travel and Communication expenses	15,213	17,219
Investment relationship fee	40,026
Amortization of intangible assets	16,737
Depreciation expenses of vehicles	12,408
Daily expenses	12,549
Other	2,009	24,316
Total General and administrative expenses	1,862,404	2,293,011
Operating expenses	$ 2,141,392	$ 3,013,202

Taxation (Details)

Taxation (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Current and deferred portions of income tax expense
Current	$ 378,849	$ 550,933
Deferred	(386,961)	734
Income tax expense	$ (8,112)	$ 551,667

Taxation - Reconciliation betwe

Taxation - Reconciliation between statutory tax and income tax (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income before income taxes	$ (2,992,228)	$ 508,303
Tax rate	25%	25%
Provision for income taxes at statutory tax rate	$ (748,057)	$ 127,076
Effect of tax-exempt entity	311,599	411,016
Effect of previous year tax filing	2,481	1,306
Effect of non-tax deductible expenses	55,935	12,269
Effect of tax loss recognized	369,930
Income tax expense	(8,112)	$ 551,667
Deferred tax assets	365,930
Total	$ 365,930

Taxation - Value added tax (Det

Taxation - Value added tax (Details) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
Taxes payable
Income tax payable	$ 148,292	$ 81,610
VAT payable	15,724	46,035
Other tax payables	839
Total	$ 164,855	$ 127,645

Taxation - Additional informati

Taxation - Additional information (Details)	6 Months Ended
	Sep. 30, 2022 HKD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2020
Taxes payable
Statutory tax rate	25%	25%	25%
Withholding tax rate	10%	10%
Hongkong
Taxes payable
Statutory tax rate	16.50%	16.50%
Hongkong | Assessable Profits up to HKD 2,000,000
Taxes payable
Statutory tax rate	8.25%	8.25%
Assessable profits	$ 2,000,000	$ 0	$ 0
PRC
Taxes payable
Statutory tax rate	25%	25%	25%	25%
Non-academic educational services
Taxes payable
VAT rate	3%	3%
Technical services
Taxes payable
VAT rate	6%	6%

Related parties (Details)

Related parties (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Mar. 31, 2022
Related Party Transaction [Line Items]
Related party payables	$ 39,639		$ 46,649
Amounts due from a related party	59,157
Total	101,466		46,649
Xiaofeng Gao
Related Party Transaction [Line Items]
Related party payables	89		2,542
Expense paid by Xiaofeng Gao	1,071	$ 1,297
Repayment to related party	$ 3,514	$ 252,602
Xiaofeng Gao | Gao Xiaofeng
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	25.97%
Bin Fu
Related Party Transaction [Line Items]
Related party payables	$ 39,550		$ 44,107
Medical Star
Related Party Transaction [Line Items]
Amounts due from a related party	59,157
Advances from related parties	2,670
Sales to related parties	$ 34,693

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Commitments and Contingencies
Operating lease expense	$ 105,522	$ 44,221
October 2022 to September 2023	223,914
October 2023 to September 2024	58,475
Total	$ 282,389

Condensed financial informati_3

Condensed financial information of the Company - Condensed balance sheets (Details)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 CNY (¥)	Mar. 31, 2022 USD ($)	Mar. 31, 2022 CNY (¥)	Sep. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)
Current assets:
Cash and cash equivalents	$ 22,544,893	¥ 20,979,642	$ 23,834,125	¥ 21,206,372
Prepayments	415,036		1,671,750
TOTAL ASSETS	61,142,847		73,092,885
LIABILITIES
Related party payables	39,639		46,649
Accrued expenses	1,537,511		861,550
TOTAL LIABILITIES	18,480,410		22,829,600
Shareholders' equity
Ordinary shares, par value $0.0002 per share, 500,000,000 shares authorized; 14,900,000 and 14,900,000 shares issued and outstanding as of 30 September, 2022 and 31 March, 2022, respectively	2,980		2,980
Additional paid-in capital	18,055,407		18,055,407
Statutory reserve	745,590		745,590
Accumulated profits	26,034,769		29,018,885
Accumulated other comprehensive income	(2,176,309)		2,440,423
TOTAL SHAREHOLDERS' EQUITY	42,662,437		50,263,285		$ 50,691,714	$ 45,565,172
Parent company | Reportable legal entities
Current assets:
Cash and cash equivalents	1,515,204		2,622,624
Deferred expenses	14,875		48,624
Prepayments	3,776,314		148,355
Investment in subsidiaries and VIE	38,047,177		48,796,630
TOTAL ASSETS	43,353,570		51,616,233
LIABILITIES
Related party payables	20,000		2,443
Amounts due to subsidiaries and VIE			967,522
Accrued expenses	671,133		382,983
TOTAL LIABILITIES	691,133		1,352,948
Shareholders' equity
Ordinary shares, par value $0.0002 per share, 500,000,000 shares authorized; 14,900,000 and 14,900,000 shares issued and outstanding as of 30 September, 2022 and 31 March, 2022, respectively	2,980		2,980
Additional paid-in capital	18,055,407		18,055,407
Statutory reserve	745,590		745,590
Accumulated profits	26,034,769		29,018,885
Accumulated other comprehensive income	(2,176,309)		2,440,423
TOTAL SHAREHOLDERS' EQUITY	$ 42,662,437		$ 50,263,285

Condensed financial informati_4

Condensed financial information of the Company - Condensed balance sheets (parenthetical) (Details) - $ / shares	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Sep. 01, 2021	Mar. 31, 2021	May 29, 2020	Apr. 22, 2020
Condensed financial information of the Company
Ordinary shares, par value	$ 0.0002	$ 0.0002				$ 0.0002	$ 0.00015
Ordinary shares, shares authorized	500,000,000	500,000,000				500,000,000	500,000,000
Ordinary shares, shares issued	14,900,000	14,900,000
Ordinary shares, shares outstanding	14,900,000	14,900,000		14,900,000		9,000,000	12,000,000
Reportable legal entities | Parent company
Condensed financial information of the Company
Ordinary shares, par value			$ 0.0002		$ 0.0002
Ordinary shares, shares authorized			500,000,000		500,000,000
Ordinary shares, shares issued	14,900,000	14,900,000
Ordinary shares, shares outstanding		12,000,000

Condensed financial informati_5

Condensed financial information of the Company - Condensed statements of income (unaudited) (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Condensed statements of income
Revenue	$ 7,294,700	$ 11,851,792
Cost of revenue	7,336,425	8,255,007
Gross income	(41,725)	3,596,785
Operating expenses:
General and administrative expenses	1,862,404	2,293,011
Share of Loss of Equity method investees	(104,354)
(Loss)/Income before income tax provision	(2,992,228)	508,303
Provision for income tax	(8,112)	551,667
Net loss	(2,984,116)	(43,364)
Reportable legal entities | Parent company
Operating expenses:
General and administrative expenses	(1,245,367)	(1,587,311)
Share of Loss of Equity method investees	(1,737,721)	1,600,703
Others, net	(1,028)	(56,756)
(Loss)/Income before income tax provision	(2,984,116)	(43,364)
Provision for income tax	0	0
Net loss	$ (2,984,116)	$ (43,364)

Condensed financial informati_6

Condensed financial information of the Company - Condensed statements of comprehensive income (unaudited) (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Condensed statements of comprehensive income
Net profit for the year	$ (2,984,116)	$ (43,364)
Total comprehensive income	(7,600,848)	486,542
Reportable legal entities | Parent company
Condensed statements of comprehensive income
Net profit for the year	(2,984,116)	(43,364)
Other comprehensive income	(4,616,732)	529,906
Total comprehensive income	$ (7,600,848)	$ 486,542

Condensed financial informati_7

Condensed financial information of the company - Condensed cash flow (Details) - USD ($)	6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Condensed Statement of Income Captions [Line Items]
Net cash provided by operating activities	$ 556,282	$ 1,765,733
Net cash used in investing activities	(304,981)	4,447,027
Net cash provided by financing activities	0
Net cash inflow(outflow)	(1,289,232)	6,258,999
Parent company | Reportable legal entities
Condensed Statement of Income Captions [Line Items]
Net cash provided by operating activities	(862,420)	3,468,883
Net cash used in investing activities	(245,000)	(2,020,000)
Net cash inflow(outflow)	$ (1,107,420)	$ 1,448,883