XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 9,006,665 $ 7,639,084
Accounts receivable 432,048 533,262
Inventories 2,241,244 2,287,312
Prepaid leases - current portion 936,957 961,609
Total current assets 12,616,914 11,421,267
Prepaid leases 2,019,123 2,312,650
Development cost of acer truncatum bunge planting 41,553,022 42,166,533
Plant, property, and equipment, net 12,999,381 12,872,997
Intangible assets, net 11,701,216 12,295,147
Deferred tax assets 241,126 246,913
Total assets 81,130,782 81,315,507
Current liabilities:    
Accounts payable and other accrued expenses 248,868 190,248
Taxes payable 912,487 739,068
Deferred tax liabilities 17,894 36,640
Total current liabilities 1,179,249 965,956
Stockholders' Equity    
Preferred stock, par value $500 per share; 45 shares authorized, issued and outstanding at June 30, 2016 and March 31, 2016. 22,500 22,500
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 29,764,168 and 29,720,690 shares issued and outstanding at June 30, 2016 and March 31, 2016, respectively. 29,764 29,721
Additional paid-in capital 4,760,053 4,648,461
Statutory reserve 1,828,504 1,828,504
Retained earnings 74,558,836 72,983,301
Accumulated other comprehensive income (loss) (1,248,124) 837,064
Total stockholders' equity 79,951,533 80,349,551
Total liabilities and stockholders' equity $ 81,130,782 $ 81,315,507