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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2019
Mar. 31, 2019
CURRENT ASSETS    
Cash $ 11,858,985 $ 9,322,463
Restricted cash 12,035,385 15,422,739
Financial assets available for sale 159,946 180,928
Notes receivable 48,768 177,278
Trade accounts receivable 11,465,402 8,692,514
Inventories 10,962,677 13,955,202
Other receivables, net 5,862,408 4,438,230
Advances to suppliers 1,393,247 1,950,252
Other current assets 1,505,995 2,063,375
Total current assets 55,292,813 56,202,981
PROPERTY AND EQUIPMENT, net 8,097,428 8,727,358
OTHER ASSETS    
Long-term investment 9,846 24,243
Farmland assets 747,782 825,259
Long term deposits 1,481,929 2,157,275
Other noncurrent assets 1,134,643 1,196,197
Operating lease right-of-use assets 15,318,428
Intangible assets, net 3,715,629 3,597,323
Total other assets 22,408,257 7,800,297
Total assets 85,798,498 72,730,636
CURRENT LIABILITIES    
Accounts payable, trade 15,870,874 23,106,230
Notes payable 21,758,227 25,951,673
Other payables 2,590,186 3,197,221
Other payables - related parties 375,068 795,179
Customer deposits 1,201,464 771,942
Taxes payable 433,026 125,859
Accrued liabilities 793,942 1,264,182
Long-term loan-current portion 2,302,924
Current portion of operating lease liabilities 409,756
Total current liabilities 45,735,467 55,212,286
Long-term loan 4,773,114
Long term operating lease liabilities 12,670,694
Purchase option and warrants liability 120,000 465,248
Financial liability 71,757 81,935
Total liabilities 63,371,032 55,759,469
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common stock; $0.001 par value; 250,000,000 shares authorized; 32,936,786 and 28,936,778 shares issued and outstanding as of December 31, 2019 and March 31, 2019 32,937 28,937
Preferred stock; $0.001 par value; 10,000,000 shares authorized; nil issued and outstanding as of December 31, 2019 and March 31, 2019
Additional paid-in capital 54,209,301 44,905,664
Statutory reserves 1,309,109 1,309,109
Accumulated deficit (33,415,600) (30,587,468)
Accumulated other comprehensive income 1,926,259 2,508,964
Total stockholders' equity 24,062,006 18,165,206
Noncontrolling interests (1,634,540) (1,194,039)
Total equity 22,427,466 16,971,167
Total liabilities and stockholders' equity $ 85,798,498 $ 72,730,636