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Land Use Rights
12 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
LAND USE RIGHTS

NOTE 7 – LAND USE RIGHTS

 

   As of March 31, 
   2019     2018 
Land use rights, cost  $853,552   $914,011 
Less: accumulated amortization   (79,178)   (66,506)
Land use rights, net  $774,374   $847,505 

 

As of March 31, 2019 and 2018, the Company pledged its land use right on its 12,120 square meters land with a carrying value of $95,540 and $105,066, respectively, as the collateral for a short-term bank loans (see Note 8).

 

Amortization expense was $17,076 and $17,411 for the years ended March 31, 2019 and 2018, respectively.

 

Estimated future amortization expense is as follows as of March 31, 2019:

 

Years ending March 31,  Amortization expense 
     
2020  $17,076 
2021   17,076 
2022   17,076 
2023   17,076 
2024   17,076 
Thereafter   688,994 
   $774,374