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Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Mar. 31, 2023
Current Assets:    
Cash $ 12,428,369 $ 17,801,614
Accounts receivable, net 5,417,513 2,240,537
Bills receivable   87,573
Inventories 27,241,573 32,656,833
Prepaid expenses and other current assets 2,746,068 2,964,578
Advances to suppliers, net 3,086,137 1,533,091
Total Current Assets 50,919,660 57,284,226
Restricted cash – non-current 1,608,498 1,609,989
Long-term deposits 802,306 841,628
Deferred tax assets, net 158,329 153,873
Property, plant, and equipment, net 24,998,096 22,355,574
Goodwill 499,282 499,282
Operating lease right of use assets 1,259,395 974,761
Total Assets 80,245,566 83,719,333
Current Liabilities:    
Accounts payable 6,340,237 5,782,570
Accrued expenses 4,175,843 2,930,533
Income tax payable – current 1,647,199 2,846,201
Other payables 2,234,870 1,477,243
Deferred revenue 10,200 928,393
Operating lease liabilities – current 370,802 481,502
Total Current Liabilities 14,779,151 14,446,442
Operating lease liabilities – non-current 618,302 287,247
Income tax payable – non-current 417,450 751,410
Total Liabilities 15,814,903 15,485,099
Commitments and Contingencies (Note 16)
Equity    
Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 30,000,000 shares authorized; 12,534,318 shares issued, and 12,294,840 shares outstanding 12,534 12,534
Additional paid-in capital 23,917,094 22,931,046
Treasury stock, 239,478 shares (1,169,046) (1,169,046)
Statutory reserve 413,821 410,847
Retained earnings 41,704,238 46,172,082
Accumulated other comprehensive loss (492,319) (123,229)
Total Jerash Holdings (US), Inc.’ Stockholders’ Equity 64,386,322 68,234,234
Noncontrolling interest 44,341
Total Equity 64,430,663 68,234,234
Total Liabilities and Equity $ 80,245,566 $ 83,719,333