- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Notes Payable (Details Textual)	9 Months Ended	12 Months Ended
Notes Payable (Details Textual)	Dec. 31, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2019 CNY (¥)	Mar. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Notes Payable (Textual)
Notes payable	$ 24,810,000
Line of credit total	3,050,000
Hangzhou United Bank [Member]
Notes Payable (Textual)
Notes payable	7,710,000
Restricted cash	4,330,000
Line of credit total	12,770,000
Hangzhou United Bank [Member] \| Notes Payable to Banks [Member]
Notes Payable (Textual)
Notes payable	21,758,227	$ 25,951,673
Restricted cash	12,037,319	15,114,740
Hangzhou United Bank [Member] \| Notes Payable to Banks [Member] \| RMB [Member]
Notes Payable (Textual)
Notes payable \| ¥			¥ 151,610,485	¥ 174,203,868
Restricted cash \| ¥			¥ 83,875,575	101,459,590
Hangzhou United Bank One [Member] \| Notes Payable to Banks [Member]
Notes Payable (Textual)
Restricted cash	$ 7,709,089	$ 10,446,381
Term of deposit	3 years	3 years
Hangzhou United Bank One [Member] \| Notes Payable to Banks [Member] \| RMB [Member]
Notes Payable (Textual)
Restricted cash \| ¥				¥ 70,122,647	¥ 53,716,636