XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Mar. 31, 2020
Current Assets:    
Cash $ 17,754,673 $ 26,130,411
Accounts receivable, net 15,867,632 5,335,748
Inventories 18,077,080 22,633,772
Prepaid expenses and other current assets 2,239,343 2,761,877
Advance to suppliers, net 3,168,395 2,116,367
Total Current Assets 57,107,123 58,978,175
Restricted cash 786,298 786,298
Long-term deposits 329,697 253,414
Deferred tax assets, net 139,895 139,895
Property, plant and equipment, net 5,927,631 6,174,164
Right of use assets 1,083,809 1,147,090
Total Assets 65,374,453 67,479,036
Current Liabilities:    
Credit facilities 235
Accounts payable 3,764,543 6,376,320
Accrued expenses 2,127,629 2,245,402
Income tax payable - current 1,282,329 1,088,497
Other payables 1,088,461 929,783
Operating lease liabilities - current 187,909 210,081
Total Current Liabilities 8,450,871 10,850,318
Operating lease liabilities - non-current 655,598 649,935
Income tax payable - non-current 1,227,632 1,227,632
Total Liabilities 10,334,101 12,727,885
Commitments and Contingencies (See Note 15)
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; 11,325,000 shares issued and outstanding 11,325 11,325
Additional paid-in capital 15,277,176 15,235,025
Statutory reserve 212,739 212,739
Retained earnings 39,244,786 38,997,177
Accumulated other comprehensive loss (8,877) (8,324)
Total Jerash Holdings (US), Inc.’s Stockholder’s Equity 54,737,149 54,447,942
Noncontrolling interest 303,203 303,209
Total Equity 55,040,352 54,751,151
Total Liabilities and Equity $ 65,374,453 $ 67,479,036