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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalent $ 4,749,825 $ 13,083,532
Accounts receivable 240,210 95,544
Prepaid leases - current portion 956,811 685,934
Deferred tax assets 38,459  
Inventory 3,160,443 896,843
Total current assets 9,145,748 14,761,853
Prepaid leases 2,540,314 2,060,441
Development cost of acer truncatum bunge planting 41,956,141 32,078,148
Plant, property, and equipment, net 12,948,548 12,864,161
Intangible assets, net 13,608,911 15,393,272
Total assets 80,199,662 77,157,875
Current liabilities:    
Accounts payable and other accrued expenses 158,847 145,321
Taxes payable 718,940 1,603,063
Total current liabilities 877,787 1,748,384
Total liabilities 877,787 1,748,384
Stockholders' Equity    
Preferred stock, par value $500.00 per share; 45 shares authorized and issued and outstanding at December 31, 2015 and March 31, 2015. 22,500 22,500
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 29,720,690 and 29,700,690 shares issued and outstanding at December 31, 2015 and March 31, 2015, respectively. 29,720 29,701
Additional paid-in capital 4,494,356 4,210,407
Statutory reserve 1,828,504 1,828,504
Retained earnings 72,579,429 64,566,532
Accumulated other comprehensive income 367,366 4,751,847
Total stockholders' equity 79,321,875 75,409,491
Total liabilities and stockholders' equity $ 80,199,662 $ 77,157,875