Land Use Rights

12 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

LAND USE RIGHTS

NOTE 7 – LAND USE RIGHTS

	As of March 31,			As of March 31,
	2020			2019
Land use rights, cost	$	811,194		$	853,552
Less: accumulated amortization		(91,472	)		(79,178	)
Land use rights, net	$	719,722		$	774,374

As of March 31, 2020 and 2019, the Company pledged its land use right on its land with a carrying value of $719,722 (29,720 square meters) and $95,540 (12,120 square meters), respectively, as the collateral for a short-term bank loans (see Note 9).

Amortization expense was $16,502 and $17,076 for the years ended March 31, 2020 and 2019, respectively.

Estimated future amortization expense is as follows as of March 31, 2020: 

Years ending March 31,	Amortization expense
2021	$	16,502
2022		16,502
2023		16,502
2024		16,502
2025		16,502
Thereafter		637,212
	$	719,722