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Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Mar. 31, 2018
Current assets    
Cash and cash equivalents $ 14,800,772 $ 8,884,829
Accounts receivable 32,011,536 32,564,827
Other receivables 6,682 11,132
Inventories 1,970,735 2,269,182
Prepaid expenses 6,050,534 28,298
Total current assets 54,840,259 43,758,268
Property, plant and equipment, net 7,807,045 8,790,553
Land use rights, net 774,374 847,505
Other assets 2,257,370
TOTAL ASSETS 65,679,048 53,396,326
Current liabilities    
Accounts payable 1,664,002 5,398,247
Other payables and accrued liabilities 1,117,661 1,131,201
Income tax payable 942,160 820,365
Short-term bank borrowings 1,039,578 1,494,887
TOTAL LIABILITIES 4,763,401 8,844,700
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Ordinary shares, $0.0005 par value, 100,000,000 shares authorized, 23,000,000 shares issued and outstanding 11,500 11,500
Additional paid-in capital 5,702,663 5,075,035
Statutory surplus reserve 2,064,096 2,008,019
Retained earnings 53,935,169 35,269,267
Accumulated other comprehensive income (loss) (797,781) 2,187,805
Total shareholders' equity 60,915,647 44,551,626
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 65,679,048 $ 53,396,326