Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

v3.20.1
Prepaid Expenses and Other Current Assets
 12 Months Ended
Dec. 31, 2019
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets

(4)

PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:

 

 

December 31,

2018

 

December 31,

2019

 

 

RMB

 

RMB

Amount due from Beijing Biztour

 

3,713,166

 

1,960,403

VAT-input deductible

 

2,675,486

 

1,893,650

Income tax refundable

 

—

 

2,800,622

Advances to employees

 

13,919

 

1,605,908

Other current assets

 

1,433,521

 

8,229,786

Total prepaid expenses and other current assets

 

7,836,092

 

16,490,369

 

Other current assets primarily consist of advances to suppliers for deposits, advertising fee and prepaid cost for educational travel services.