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

Accrued Expenses And Other Payables (Tables)

v3.20.1
Accrued Expenses And Other Payables (Tables)
12 Months Ended
Dec. 31, 2019
Payables And Accruals [Abstract]  
Schedule of Accrued Expenses and Other Payables

Accrued expenses and other payables consist of the following:

 

 

 

December 31,

2018

 

 

December 31,

2019

 

 

RMB

 

 

RMB

Refund liability*

 

 

 

 

8,919,239

Accrued payroll and welfare

 

 

8,934,828

 

 

22,821,689

Accrued test monitoring fees

 

 

2,432,153

 

 

2,432,153

Accrued professional services expenses

 

 

755,849

 

 

3,489,512

Income taxes payable

 

 

 

 

679,961

Other current liabilities

 

 

5,989,109

 

 

9,404,500

Total accrued expenses and other payables

 

 

18,111,939

 

 

47,747,054

*Refund liability represents the estimated amount of refund if a student decides to withdraw from the Group’s programs or services and is estimated based on historical experience.