Consolidated Balance Sheets - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Current Assets:
Cash	$ 17,801,614	$ 25,176,120
Accounts receivable, net	2,240,537	11,049,069
Bills receivable	87,573
Tax recoverable	16,763	374,377
Inventories	32,656,833	28,255,179
Prepaid expenses and other current assets	2,947,815	3,233,592
Investment deposits		500,000
Advance to suppliers, net	1,533,091	1,284,601
Total Current Assets	57,284,226	69,872,938
Restricted cash – non-current	1,609,989	1,407,368
Long-term deposits	841,628	419,597
Deferred tax assets, net	153,873	352,590
Property, plant and equipment, net	22,355,574	10,933,147
Goodwill	499,282	499,282
Right of use assets	974,761	1,826,062
Total Assets	83,719,333	85,310,984
Current Liabilities:
Credit facilities
Accounts payable	5,782,570	4,840,225
Accrued expenses	2,930,533	3,115,953
Income tax payable – current	2,846,201	2,861,272
Other payables	1,477,243	2,278,816
Deferred revenue	928,393
Amount due to a related party		300,166
Operating lease liabilities – current	481,502	739,101
Total Current Liabilities	14,446,442	14,135,533
Operating lease liabilities – non-current	287,247	869,313
Income tax payable – non-current	751,410	1,001,880
Total Liabilities	15,485,099	16,006,726
Commitments and Contingencies (Note 15)
Stockholders’ Equity
Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 30,000,000 shares authorized; 12,534,318 and 12,334,318 shares issued; 12,294,840 and 12,334,318 shares outstanding as of March 31, 2023 and 2022, respectively	12,534	12,334
Additional paid-in capital	22,931,046	22,517,346
Treasury stock, 239,478 and none shares as of March 31, 2023 and 2022, respectively	(1,169,046)
Statutory reserve	410,847	379,323
Retained earnings	46,172,082	46,268,110
Accumulated other comprehensive (loss) gain	(123,229)	127,145
Total Jerash Holdings (US), Inc.’ Stockholders’ Equity	68,234,234	69,304,258
Total Liabilities and Stockholders’ Equity	$ 83,719,333	$ 85,310,984