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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 19,190,930 $ 10,308,622
Accounts receivable   1,134,967
Inventories 2,410,772 5,483,040
Purchase deposit to vendors   650,790
Prepaid expenses 284,288  
Prepaid leases - current portion 817,120 900,547
Total current assets 22,703,110 18,477,966
Prepaid leases 937,101 1,265,252
Development cost of acer truncatum bunge planting 44,613,910 42,055,972
Plant, property, and equipment, net 16,582,016 14,487,135
Intangible assets, net 11,878,750 12,042,758
Deferred tax assets 245,543 508,521
Security deposit to related party 1,506,728 1,449,422
Total assets 98,467,158 90,287,026
Current liabilities:    
Accounts payable to related party 34,739 706,048
Accounts payable and other accrued expenses 285,710 251,307
Advance from customers 115,669  
Taxes payable 932,015 2,028,190
Total current liabilities 1,368,133 2,985,545
Stockholders' Equity    
Preferred stock, par value $500 per share; 45 shares authorized, issued and outstanding at September 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 September 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 89,107,851 83,061,604
Accumulated other comprehensive loss (928,295) (4,386,845)
Total stockholders' equity attributable to the Company 94,383,187 84,878,390
Noncontrolling interest 2,715,838 2,423,091
Total stockholders' equity 97,099,025 87,301,481
Total liabilities and stockholders' equity $ 98,467,158 $ 90,287,026