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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Mar. 31, 2021
Current Assets:    
Cash $ 7,656,488 $ 21,126,090
Restricted cash 714,844
Accounts receivable, net 19,581,753 12,033,268
Tax recoverable 390,794 379,719
Inventories 31,300,441 25,035,966
Prepaid expenses and other current assets 2,455,375 2,329,289
Investment deposit 1,082,905
Advance to suppliers, net 111,434 3,036,693
Total Current Assets 62,579,190 64,655,869
Restricted cash - non-current 876,211 1,020,777
Long-term deposits 62,930 128,690
Deferred tax assets, net 148,663 148,663
Property, plant and equipment, net 6,050,350 5,699,506
Right of use assets 1,784,817 1,596,600
Total Assets 71,502,161 73,250,105
Current Liabilities:    
Credit facilities 612,703
Accounts payable 5,458,665 7,922,839
Accrued expenses 2,692,737 2,332,867
Income tax payable - current 1,506,270 1,803,175
Other payables 1,032,899 1,455,208
Operating lease liabilities - current 519,599 400,043
Total Current Liabilities 11,210,170 14,526,835
Operating lease liabilities - non-current 1,055,972 935,773
Income tax payable - non-current 1,094,048 1,094,048
Total Liabilities 13,360,190 16,556,656
Commitments and Contingencies
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; 11,334,318 and 11,332,974 shares issued and outstanding respectively 11,334 11,333
Additional paid-in capital 15,301,784 15,301,268
Statutory reserve 346,315 346,315
Retained earnings 42,116,348 40,748,314
Accumulated other comprehensive gain (loss) 64,087 (15,901)
Total Jerash Holdings (US), Inc.’s Stockholder’s Equity 57,839,868 56,391,329
Noncontrolling interest 302,103 302,120
Total Equity 58,141,971 56,693,449
Total Liabilities and Equity $ 71,502,161 $ 73,250,105