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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, 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 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          
Ordinary shares issue for cash $ 1,000 9,341,339 9,342,339
Ordinary shares issue for cash, shares 2,000,000          
Net income 12,688,035   12,688,035
Foreign currency translation adjustment         (3,356,032) (3,356,032)
Balance at Mar. 31, 2020 $ 12,500 $ 15,044,002 $ 2,064,096 $ 66,623,204 $ (4,153,813) $ 79,589,989
Balance, shares at Mar. 31, 2020 25,000,000