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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue, net $ 33,464,397 $ 27,549,479 $ 51,827,482 $ 48,899,637
Cost of goods sold 25,115,416 20,334,639 38,818,710 36,832,253
Gross Profit 8,348,981 7,214,840 13,008,772 12,067,384
Selling, general and administrative expenses (including share based compensation expenses for the three months ended September 30, 2018 and 2017 of $193,954 and $0, respectively and for the six months ended September 30, 2018 and 2017 of $3,399,934 and $116,578, respectively). 2,292,396 1,458,097 7,477,016 2,875,653
Total Operating Expenses 2,292,396 1,458,097 7,477,016 2,875,653
Income from Operations 6,056,585 5,756,743 5,531,756 9,191,731
Other Expense:        
Other expense, net 6,832 4,612 1,252 10,928
Total other expense, net 6,832 4,612 1,252 10,928
Net Income before provision for income tax 6,049,753 5,752,131 5,530,504 9,180,803
Income tax expense 1,463,000 0 1,829,000 0
Net income 4,586,753 5,752,131 3,701,504 9,180,803
Net loss attributable to noncontrolling interest 17 1 25 2,819
Net income attributable to Jerash Holdings (US), Inc.'s Common Shareholders 4,586,770 5,752,132 3,701,529 9,183,622
Net Income 4,586,753 5,752,131 3,701,504 9,180,803
Other Comprehensive Income:        
Foreign currency translation gain 817 45,860 9,780 23,544
Total Comprehensive Income 4,587,570 5,797,991 3,711,284 9,204,347
Comprehensive income (loss) attributable to noncontrolling interest (17) 467 128 (2,620)
Comprehensive Income Attributable to Jerash Holdings (US), Inc.'s Common Shareholders $ 4,587,587 $ 5,797,524 $ 3,711,156 $ 9,206,967
Earnings Per Share Attributable to Common Shareholders:        
Basic $ 0.41 $ 0.60 $ 0.33 $ 0.96
Diluted $ 0.40 $ 0.60 $ 0.33 $ 0.96
Weighted Average Number of Shares        
Basic 11,325,000 9,577,172 11,074,945 9,577,172
Diluted 11,380,314 9,577,172 11,230,299 9,577,172