Acquisitions (Tables)

3 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Schedule of estimated fair value of the assets acquired and liabilities assumed

Cash	$	371,310
Accounts receivable, net		84,260
Inventories, net		2,099,306
Advances to suppliers, net		76,476
Other current assets		910,435
Property and equipment, net		4,310,878
Total tangible assets acquired	$	7,852,665
Accounts payable	$	9,260
Advance from customers		386,119
Accrued expenses and other payables		703,060
Deferred tax liability		954,173
Total liability assumed		2,052,612
Net tangible assets acquired		5,800,053
Intangible assets		3,013,272
Goodwill		1,026,250
Total consideration	$	9,839,575

Cash	$	22,577
Inventories, net		28,975
Advances to suppliers, net		1,341,604
Property and equipment, net		69,780
Total tangible assets acquired	$	1,462,936
Advance from customers	$	703,321
Accrued expenses and other payables		59,880
Deferred tax liability		129,590
Total liability assumed		892,791
Net tangible assets acquired		570,145
Intangible assets		518,362
Goodwill		1,214,548
Net assets acquired		2,303,055
Noncontrolling interest		579,855
Total consideration	$	1,723,200

Schedule of revenue and earnings

	From acquisition date to June 30, 2020
Revenue	$	192,749
Net Loss		(22,597	)

	From acquisition date to June 30, 2020
Revenue	$	24,303
Net Loss		(19,725	)

schedule of unaudited pro forma

	June 30,		June 30,
	2020		2019
Pro forma revenue	$	21,364,676	$	24,290,654
Pro forma net income (loss)		3,529,731		(3,257,360	)
Pro forma earnings per common share-basic and diluted		0.14		(0.15	)
Weighted average shares-basic and diluted		25,017,729		21,894,114