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Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Mar. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 1,390,644 $ 1,845,077
Accounts receivables 2,164,970 4,757,518
Inventories 266,596 270,434
Other receivables 575,210 684,161
Advances to suppliers 1,181,466 355,454
Amount due from related party 110,242 84,838
Total current assets 5,689,128 7,997,482
NON-CURRENT ASSETS    
Plant and equipment, net 836,419 793,977
Operating lease right of use asset 6,530,017 9,632,625
Long-term prepayment 31,496
Total non-current assets 7,397,932 10,426,602
TOTAL ASSETS 13,087,060 18,424,084
CURRENT LIABILITIES    
Short-term loan 151,090 152,607
Accounts payable 1,334,483 3,121,373
Related party borrowings 3,694,989 4,913,964
Advances from customers 2,375 3,029
Accrued expenses and other payables 1,445,473 681,984
Lease liabilities, current portion 3,763,931 3,555,458
Total current liabilities 10,392,341 12,428,415
NON-CURRENT LIABILITIES    
Lease liability, net of current portion 2,766,086 6,077,167
TOTAL LIABILITIES 13,158,427 18,505,582
EQUITY    
Common stock ($0.001 par value, 50,000,000 shares authorized, 26,693,004 shares issued and outstanding as of March 31, 2022 and 2021) 26,693 26,693
Additional paid-in capital 6,815,333 6,815,333
Accumulated deficits (6,756,230) (6,834,228)
Statutory reserve 13,821 13,821
Accumulated other comprehensive income (loss) (170,984) (103,117)
Total deficit (71,367) (81,498)
TOTAL LIABILITIES AND EQUITY $ 13,087,060 $ 18,424,084