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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Ordinary shares
Additional paid-in capital
Statutory surplus reserve
Retained earnings
Accumulated other comprehensive income (loss)
Total
Balance at Mar. 31, 2017 $ 11,500 $ 4,500,708 $ 2,008,019 $ 17,779,327 $ (986,452) $ 23,313,102
Balance, shares at Mar. 31, 2017 23,000,000          
Capital contributions 221,421 221,421
Net income for the year 17,489,940 17,489,940
Interest payable forgiven by the related parties 352,906 352,906
Foreign currency translation adjustment 3,174,257 3,174,257
Balance at Mar. 31, 2018 $ 11,500 5,075,035 2,008,019 35,269,267 2,187,805 44,551,626
Balance, shares at Mar. 31, 2018 23,000,000          
Capital contributions 627,628 627,628
Net income for the year 18,721,979 18,721,979
Statutory reserve 56,077 (56,077)
Foreign currency translation adjustment (2,985,586) (2,985,586)
Balance at Mar. 31, 2019 $ 11,500 $ 5,702,663 $ 2,064,096 $ 53,935,169 $ (797,781) $ 60,915,647
Balance, shares at Mar. 31, 2019 23,000,000