Other Noncurrent Assets

6 Months Ended

Sep. 30, 2020

Other Assets, Noncurrent Disclosure [Abstract]

OTHER NONCURRENT ASSETS

Note 13 – OTHER NONCURRENT ASSETS

Other noncurrent assets consisted of the following:

	September 30, 2020		March 31, 2020
Forest land use rights*	$	1,010,782	$	994,558
Others		66,318		52,205
Total	$	1,077,100	$	1,046,763

* The prepayment for lease of forest land use rights is a payment made to a local government in connection with entering into an operating land lease agreement. The land is currently used to cultivate Ginkgo trees. The forest rights certificate from the local village extends the life of the lease to January 31, 2060.

The amortization of the prepayment for the lease of forest land use right was approximately $6,790 and $6,697 for the three months ended September 30, 2020 and 2019, respectively. The amortization of the prepayment for the lease of forest land use right was approximately $13,418 and $13,582 for the six months ended September 30, 2020 and 2019, respectively.

The Company's amortizations of the prepayment for lease of land use right for the next five years and thereafter are as follows:

For the year ending September 30,	Amount
2021	$	26,838
2022		26,838
2023		26,838
2024		26,838
2025		26,838
Thereafter	$	876,592