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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalent $ 3,069,876 $ 13,083,532
Accounts receivable 531,560 95,544
Prepaid leases - current portion 976,710 685,934
Inventory 3,218,800 896,843
Total current assets 7,796,946 14,761,853
Prepaid leases 2,837,324 2,060,441
Development cost of acer truncatum bunge planting 42,536,337 32,078,148
Plant, property, and equipment, net 13,372,515 12,864,161
Intangible assets, net 14,215,659 15,393,272
Total assets 80,758,781 77,157,875
Current liabilities:    
Accounts payable and other accrued expenses 336,371 145,321
Deferred tax liabilities 33,502  
Taxes payable 1,455,483 1,603,063
Total current liabilities 1,825,356 1,748,384
Total liabilities 1,825,356 1,748,384
Stockholders' Equity    
Preferred stock, par value $500.00 per share; 45 shares authorized and issued and outstanding at September 30, 2015 and March 31, 2015 22,500 22,500
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 29,700,690 shares issued and outstanding at September 30, 2015 and March 31, 2015 29,701 29,701
Additional paid-in capital 4,325,374 4,210,407
Statutory reserve 1,828,504 1,828,504
Retained earnings 70,740,740 64,566,532
Accumulated other comprehensive income 1,986,606 4,751,847
Total stockholders' equity 78,933,425 75,409,491
Total liabilities and stockholders' equity $ 80,758,781 $ 77,157,875