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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Mar. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 21,646,487 $ 16,176,318
Restricted cash 13,722,479 14,806,288
Financial assets available for sale 163,818 157,159
Notes receivable 73,494 57,005
Trade accounts receivable 9,992,142 9,770,656
Inventories 13,227,559 12,247,004
Other receivables, net 5,225,418 5,069,442
Advances to suppliers 1,929,273 1,174,800
Other current assets 1,833,208 1,528,540
Total current assets 67,813,878 60,987,212
PROPERTY AND EQUIPMENT, net 6,768,478 7,633,740
OTHER ASSETS    
Long-term investment 4,115,839 2,544,451
Farmland assets 789,638 742,347
Long term deposits 1,533,640 1,456,384
Other noncurrent assets 1,077,100 1,046,763
Operating lease right-of-use assets 19,946,821 21,711,376
Intangible assets, net 3,440,046 3,393,960
Total other assets 30,903,084 30,895,281
Total assets 105,485,440 99,516,233
CURRENT LIABILITIES    
Short-term bank loan 2,204,820 1,410,130
Accounts payable, trade 24,904,087 21,559,494
Notes payable 23,327,972 26,605,971
Other payables 1,888,563 2,522,330
Other payables - related parties 574,103 490,218
Customer deposits 1,262,520 708,140
Taxes payable 245,203 119,247
Accrued liabilities 653,409 753,612
Long-term loan payable-current portion 2,375,729 2,287,742
Current portion of operating lease liabilities 1,056,181 981,090
Total current liabilities 58,492,587 57,437,974
Long-term loan payable 3,089,373 4,115,958
Long-term operating lease liabilities 16,500,499 19,049,575
Employee Deposits 14,699 70,507
Purchase option and warrants liability 36,306 64,090
Total liabilities 78,133,464 80,738,104
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common stock; $0.001 par value; 250,000,000 shares authorized; 37,961,790 and 32,936,786 shares issued and outstanding as of September 30, 2020 and March 31, 2020 37,962 32,937
Preferred stock; $0.001 par value; 10,000,000 shares authorized; nil issued and outstanding as of September 30 and March 31, 2020
Additional paid-in capital 63,568,876 54,209,301
Statutory reserves 1,309,109 1,309,109
Accumulated deficit (38,126,065) (36,400,837)
Accumulated other comprehensive income 2,565,454 1,440,424
Total stockholders’ equity 29,355,336 20,590,934
Noncontrolling interests (2,003,360) (1,812,805)
Total equity 27,351,976 18,778,129
Total liabilities and stockholders’ equity $ 105,485,440 $ 99,516,233