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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Mar. 31, 2019
Current Assets:    
Cash $ 16,121,994 $ 27,182,158
Accounts receivable 13,404,177 4,020,369
Inventories 20,471,483 21,074,243
Prepaid expenses and other current assets 2,561,853 2,630,727
Advance to suppliers 1,789,402 443,395
Total Current Assets 54,348,909 55,350,892
Restricted cash 796,876 652,310
Long-term deposits 0 810,172
Deferred tax assets 81,461 81,461
Property, plant and equipment, net 4,053,066 2,356,262
Right of use assets 1,292,416  
Total Assets 60,572,728 59,251,097
Current Liabilities:    
Credit facilities 68,222 648,711
Accounts payable 2,464,672 3,378,258
Accrued expenses 1,813,500 1,539,147
Income tax payable 1,499,238 1,164,238
Other payables 1,223,511 855,527
Operating lease liabilities - current 262,075  
Total Current Liabilities 7,331,218 7,585,881
Long-term portion of operating lease liabilities 592,245  
Operating lease liabilities - non-current 1,403,087 1,403,087
Total Liabilities 9,326,550 8,988,968
Commitments and Contingencies (See Note 6 and 14)
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 issued and outstanding 11,325 11,325
Additional paid-in capital 14,956,767 14,956,767
Statutory reserve 212,739 212,739
Retained earnings 35,769,973 34,786,735
Accumulated other comprehensive loss (13,629) (14,440)
Total Shareholder's Equity 50,937,175 49,953,126
Noncontrolling interest 309,003 309,003
Total Equity 51,246,178 50,262,129
Total Liabilities and Equity $ 60,572,728 $ 59,251,097