XML 12 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Mar. 31, 2017
Current Assets    
Cash and cash equivalents $ 18,768,536 $ 10,308,622
Accounts receivable 209,784 1,134,967
Inventories 3,442,024 5,483,040
Purchase deposit to vendors 0 650,790
Purchase deposit to related party 1,304,919 0
Prepaid expenses 180,473 0
Prepaid leases - current portion 785,582 900,547
Total current assets 24,691,318 18,477,966
Prepaid expenses 770,737 1,265,252
Development cost of acer truncatum bunge planting 47,384,846 42,055,972
Plant, property, and equipment, net 16,501,938 14,487,135
Intangible assets, net 11,740,353 12,042,758
Deferred tax assets 261,277 508,521
Security deposit to related party 1,530,409 1,449,422
Total assets 102,880,878 90,287,026
Current liabilities:    
Accounts payable to related party 0 706,048
Accounts payable and other accrued expenses 282,982 251,307
Taxes payable 1,079,580 2,028,190
Total current liabilities 1,362,562 2,985,545
Stockholders' Equity    
Preferred shares 22,500 22,500
Common shares 29,789 29,789
Additional paid-in capital 4,322,838 4,322,838
Statutory reserve 1,828,504 1,828,504
Retained earnings 91,884,263 83,061,604
Accumulated other comprehensive income (loss) 582,006 (4,386,845)
Total stockholders' equity attributable to the Company 98,669,900 84,878,390
Noncontrolling interest 2,848,416 2,423,091
Total stockholders' deficit 101,518,316 87,301,481
Total liabilities and stockholders' deficit $ 102,880,878 $ 90,287,026