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ADVANCES FOR SHARES TO BE ISSUED
6 Months Ended
Sep. 30, 2018
Advances For Shares To Be Issued  
ADVANCES FOR SHARES TO BE ISSUED

NOTE 6. ADVANCES FOR SHARES TO BE ISSUED

 

Advances for shares to be issued consisted of the following as of the periods indicated:

 

    September 30     March 31  
    2018     2018  
      (Unaudited)          
Advances for shares to be issued   $ -     $ 425,749  
    $ -     $ 425,749  

 

As of March 31, 2018, the Company had received an advance for 410,000 shares to be issued of $425,749. This amount was prepaid to Tianci Liangtian by certain individuals in anticipation of the formation of Organic Agricultural Company Limited and was reclassified as a capital contribution to the Company after Organic Agricultural Company Limited was organized in April 2018 and entered into Subscription Agreements with those individuals.