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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Mar. 31, 2018
Current Assets:    
Cash $ 26,779,644 $ 8,597,830
Accounts receivable 15,687,636 5,247,090
Accounts receivable - related party 0 50,027
Inventories 8,741,996 20,293,392
Prepaid expenses and other current assets 1,065,504 1,533,868
Advance to suppliers 72,100 1,128,079
Total Current Assets 52,346,880 36,850,286
Restricted cash 3,681,308 3,598,280
Property, plant and equipment, net 2,863,998 2,819,715
Total Assets 58,892,186 43,268,281
Current Liabilities:    
Credit facilities 2,154,756 980,195
Accounts payable 1,715,767 4,776,812
Accrued expenses 1,111,544 1,175,427
Income tax payable 1,463,000 112,000
Other payables 1,065,890 878,987
Total Current Liabilities 7,510,957 7,923,421
Income tax payable – non-current 1,591,000 1,288,000
Total Liabilities 9,101,957 9,211,421
Commitments and Contingencies (See Note 13)
Equity    
Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.001 par value; 30,000,000 and 15,000,000 shares authorized; 11,325,000 shares and 9,895,000 shares issued and outstanding as of September 30, 2018 and March 31, 2018. 11,325 9,895
Additional paid-in capital 14,762,813 2,742,158
Statutory reserve 71,699 71,699
Retained earnings 34,649,535 30,948,006
Accumulated other comprehensive loss (14,875) (24,502)
Total Shareholder's Equity 49,480,497 33,747,256
Noncontrolling interest 309,732 309,604
Total Equity 49,790,229 34,056,860
Total Liabilities and Equity $ 58,892,186 $ 43,268,281