XML 16 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities:    
Net income $ 8,012,897 $ 5,792,267
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,120,630 1,460,809
Issuance of common shares for compensation and service 10,000 30,350
Amortization of stock-based compensation expenses 273,968  
Deferred taxes (39,919)  
Changes in operating assets and liabilities:    
Change in prepaid lease (1,598,491) 280,811
Change in inventory (2,399,986) (607,729)
Change in accounts receivable (155,530) 42,049
Change in taxes payable (827,670) 67,391
Change in accounts payable and accrued expenses 22,202 (21,183)
Net cash provided by operating activities 5,418,101 7,044,765
Cash flows from investing activities:    
Acquisition of plant and equipment (1,278,362) (43,693)
Development cost of acer truncatum bunge planting (12,055,180) (1,525,623)
Net cash used in investing activities (13,333,542) (1,569,316)
Effect of exchange rate changes on cash and cash equivalents (418,266) 95,252
Net increase (decrease) in cash and cash equivalents (8,333,707) 5,570,701
Cash and cash equivalents at beginning of period 13,083,532 18,624,644
Cash and cash equivalents at end of period $ 4,749,825 $ 24,195,345
Cash paid during the periods for:    
Interest
Income taxes $ 2,983,005 $ 1,828,974