Notes Payable (Tables)

6 Months Ended

Sep. 30, 2020

Notes Payable [Abstract]

Schedule of credit facilities with banks

		Origination	Maturity	September 30,		March 31,
Beneficiary	Endorser	date	date	2020		2020
Jiuzhou Pharmacy(1)	HUB	10/09/19	04/09/20		-		3,478,259
Jiuzhou Pharmacy(1)	HUB	11/06/19	05/06/20		-		164,582
Jiuzhou Pharmacy(1)	HUB	12/05/19	06/05/20		-		3,106,474
Jiuzhou Pharmacy(1)	HUB	12/31/19	06/30/20		-		2,289,308
Jiuzhou Pharmacy(1)	HUB	01/06/20	07/06/20		-		129,457
Jiuzhou Pharmacy(1)	HUB	02/19/20	08/19/20		-		5,105,096
Jiuzhou Pharmacy(1)	HUB	03/10/20	09/10/20		-		5,324,871
Jiuxin Medicine(1)	HUB	12/26/19	06/26/20		-		1,371,992
Jiuxin Medicine(1)	HUB	12/31/19	06/30/20		-		3,943,776
Jiuxin Medicine(1)	HUB	03/31/20	09/30/20		-		1,692,156
Jiuzhou Pharmacy(1)	HUB	04/10/20	10/10/20		3,085,420
Jiuzhou Pharmacy(1)	HUB	04/29/20	10/29/20		568,293
Jiuzhou Pharmacy(1)	HUB	05/09/20	11/09/20		3,952,523		-
Jiuzhou Pharmacy(1)	HUB	06/24/20	12/24/20		1,461,063		-
Jiuzhou Pharmacy(1)	HUB	06/30/20	12/30/20		926,024		-
Jiuzhou Pharmacy(1)	HUB	11/08/20	02/11/21		4,185,848
Jiuzhou Pharmacy(1)	HUB	08/31/20	03/01/21		455,663
Jiuzhou Pharmacy(1)	HUB	09/08/20	03/08/21		3,695,447
Jiuxin Medicine(1)	HUB	06/30/20	12/30/20		4,997,691		-
Total				$	23,327,972	$	26,605,971

(1) As of September 30, 2020, the Company had $23,327,972 (RMB 158,706,646) of notes payable from HUB. The Company is required to hold restricted cash in the amount of $13,359,236 (RMB 90,886,577) with HUB as collateral against these bank notes. Included in the restricted cash is a total of $8,326,870 three-year deposit (RMB 56,650,000) deposited into HUB as a collateral for current and future notes payable from HUB.  As of March 31, 2020, the Company had $26,605,971 (RMB 188,677,437) of notes payable from HUB. The Company is required to hold restricted cash in the amount of $14,596,179 (RMB 103,509,456) with HUB as collateral against these bank notes. Included in the restricted cash is a total of $8,763,958 three-year deposit (RMB 62,150,000) deposited into HUB as a collateral for current and future notes payable from HUB.