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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2015
Mar. 31, 2014
Current assets:    
Cash and cash equivalent $ 13,083,532 $ 18,624,644
Accounts receivable 95,544 42,049
Prepaid leases - current portion 685,934 359,738
Inventory 896,843 1,592,703
Total current assets 14,761,853 20,619,134
Prepaid leases 2,060,441 1,197,768
Development cost of acer truncatum bunge planting 32,078,148 15,333,951
Plant, property, and equipment, net 12,864,161 13,384,995
Intangible assets, net 15,393,272 16,684,032
Total assets 77,157,875 67,219,880
Current liabilities:    
Accounts payable and other accrued expenses 145,321 29,552
Taxes payable 1,603,063 816,579
Total current liabilities 1,748,384 846,131
Total liabilities 1,748,384 846,131
Stockholders' Equity    
Preferred stock, par value $500.00 per share; 45 shares authorized and issued and outstanding at March 31, 2015 and 2014 22,500 22,500
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 29,700,690 and 29,663,023 shares issued and outstanding at March 31, 2015 and 2014, respectively 29,701 29,663
Additional paid-in capital 4,210,407 4,180,095
Statutory reserve 1,828,504 1,828,504
Retained earnings 64,566,532 55,676,059
Accumulated other comprehensive income 4,751,847 4,636,928
Total stockholders' equity 75,409,491 66,373,749
Total liabilities and stockholders' equity $ 77,157,875 $ 67,219,880