XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Sales $ 13,866,784 $ 11,594,484 $ 31,001,649 $ 21,306,979
Cost of Goods Sold (including $3,020,708 and $2,314,522 from a related party for the three months ended September 30, 2017 and 2016, respectively; including $7,309,643 and $4,058,001 from a related party for the six months ended September 30, 2017 and 2016, respectively) 8,811,390 7,011,566 19,098,538 12,923,827
Gross profit 5,055,394 4,582,918 11,903,111 8,383,152
Operating Expenses        
Selling Expenses 1,082,147 807,803 2,318,439 1,555,683
General and administrative expenses 868,258 734,502 1,776,663 1,584,859
Research and development expenses 62,033 405,736 126,411 474,896
Total operating expenses 2,012,438 1,948,041 4,221,513 3,615,438
Income from operations 3,042,956 2,634,877 7,681,598 4,767,714
Gain on disposal of acer truncatum bunge plants     573,092  
Interest income 31,199 16,727 56,302 32,149
Income before income tax provision 3,074,155 2,651,604 8,310,992 4,799,863
Income tax provision 768,539 655,904 2,077,748 1,228,628
Net income 2,305,616 1,995,700 6,233,244 3,571,235
Less: Net income attributable to noncontrolling interest 69,168   186,997  
Net income attributable to the Company 2,236,448 1,995,700 6,046,247 3,571,235
Other comprehensive income (loss):        
Foreign currency translation adjustment 1,908,799 (565,119) 3,564,300 (2,650,307)
Comprehensive income 4,214,415 1,430,581 9,797,544 920,928
Less: Comprehensive income attributable to noncontrolling interest 126,432   292,747  
Comprehensive income attributable to the Company $ 4,087,983 $ 1,430,581 $ 9,504,797 $ 920,928
Earnings per common share: Basic and Diluted $ 0.08 $ 0.07 $ 0.20 $ 0.12
Weighted average number of common shares outstanding: Basic and Diluted 29,789,168 29,764,168 29,789,168 29,759,891