XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 14,892,871 $ 10,308,622
Accounts receivable 63,254 1,134,967
Inventories 3,241,402 5,483,040
Purchase deposit to related party 1,318,791  
Purchase deposit to vendors   650,790
Prepaid leases - current portion 869,914 900,547
Total current assets 20,386,232 18,477,966
Prepaid leases 1,066,180 1,265,252
Development cost of acer truncatum bunge planting 42,531,408 42,055,972
Plant, property, and equipment, net 16,568,367 14,487,135
Intangible assets, net 11,951,219 12,042,758
Deferred tax assets 348,585 508,521
Security deposit to related party 1,476,145 1,449,422
Total assets 94,328,136 90,287,026
Current liabilities:    
Accounts payable to related party   706,048
Accounts payable and other accrued expenses 297,206 251,307
Taxes payable 1,146,320 2,028,190
Total current liabilities 1,443,526 2,985,545
Stockholders' Equity    
Preferred stock, par value $500 per share; 45 shares authorized, issued and outstanding at June 30, 2017 and March 31, 2017 22,500 22,500
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 29,789,168 shares issued and outstanding at June 30, 2017 and March 31, 2017 29,789 29,789
Additional paid-in capital 4,322,838 4,322,838
Statutory reserve 1,828,504 1,828,504
Retained earnings 86,871,403 83,061,604
Accumulated other comprehensive income (loss) (2,779,830) (4,386,845)
Total stockholders' equity attributable to the Company 90,295,204 84,878,390
Noncontrolling interest 2,589,406 2,423,091
Total stockholders' equity 92,884,610 87,301,481
Total liabilities and stockholders' equity $ 94,328,136 $ 90,287,026