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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:      
Net (loss) income $ (72,187,116) $ (54,020,081) $ 691,956
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization 3,378,952 2,187,206 880,879
Allowance for doubtful accounts 854,615 463,514
Goodwill impairment 7,872,696 10,407,349
Loss on disposal of roperty, plant and equipment 97,552 434,183
(Gain) Loss on disposal of subsidiaries (383,376) 95,932
Deferred taxes 3,230,566 (3,921,856)
Share-based compensation 1,086,231 778,423
Changes in operating assets and liabilities:      
Accounts receivable 24,887,013 23,222,982 (2,106,752)
Notes receivable 89,332 (88,495)
Inventories 1,054,542 454,262 389,388
Prepaid expenses and other current assets 3,520,047 12,250,088 (8,057,239)
Prepaid assets 3,445,169 (329,926) 1,718,110
Accounts payable 1,306,275 (4,845,854) 6,723,151
Other payables and accrued liabilities 1,636,866 (15,213,292) 3,134,093
Due to related parties (844,718)
Income taxes payable 106,135 (317,026) (402,825)
Net cash (used in) provided by operating activities (21,090,732) (28,134,783) 2,904,466
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment (45,819) (2,390,339) (2,783,440)
Purchase of intangible assets (17,165) (1,051,138)
Business acquisitions of Hekangyuan (7,998,836)
Business acquisitions of Baodeng   (79,584)  
Deposits return from Shennong 1,931,646
Purchase of DAJI (75,044)
Deposits paid for business acquisitions (9,313,225)
Proceeds from disposal of subsidiaries 23,777 34,330  
Proceeds from disposal of roperty, plant and equipment 111,364 43,069
Net cash provided by/ (used in) investing activities 89,322 (8,476,879) (13,222,847)
Cash Flows from Financing Activities:      
Ordinary shares issued for cash 3,000,000 18,877,600 10,965,553
Cash contribution from non-controlling shareholders 37,522
Dividend payment (375,000)
Proceeds from short-term loans 2,488,467 2,247,086 2,163,037
Repayments of short-term loans (2,342,943) (2,293,900) (2,118,893)
Net cash provided by financing activities 3,145,524 18,830,786 10,672,219
Effect of exchange rate changes on cash and cash equivalents 1,477,742 955,755 2,550,149
Net (decrease) increase in cash and cash equivalents (16,378,144) (16,825,121) 2,903,987
Cash and cash equivalents at the beginning of year 19,733,631 36,558,752 33,654,765
Cash and cash equivalents at the end of year 3,355,487 19,733,631 36,558,752
Supplemental disclosures of cash flows information:      
Cash paid for income taxes 306,090 570,113 1,209,381
Cash paid for interest expense 72,303 85,993 111,790
Supplemental schedule of non-cash investing and financing activities      
Ordinary shares issued for acquisitions $ 7,386,320