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Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Mar. 31, 2017
Current Assets    
Cash and cash equivalents $ 25,353,360 $ 10,308,622
Accounts receivable 174,558 1,134,967
Inventories 2,383,382 5,483,040
Purchase deposit to vendors 0 650,790
Purchase deposit to related party 1,412,864 0
Prepaid leases - current portion 741,583 900,547
Total current assets 30,065,747 18,477,966
Prepaid expenses 641,349 1,265,252
Development cost of acer truncatum bunge planting 48,984,881 42,055,972
Plant, property, and equipment, net 16,793,413 14,487,135
Intangible assets, net 11,862,017 12,042,758
Deferred tax assets 200,387 508,521
Security deposit to related party 1,590,305 1,449,422
Total assets 110,138,099 90,287,026
Current liabilities:    
Accounts payable to related party 0 706,048
Accounts payable and other accrued expenses 372,782 251,307
Advance from customers 445,829 0
Taxes payable 1,164,198 2,028,190
Total current liabilities 1,982,809 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 94,447,937 83,061,604
Accumulated other comprehensive income (loss) 4,455,017 (4,386,845)
Total stockholders' equity attributable to the Company 105,106,585 84,878,390
Noncontrolling interest 3,048,705 2,423,091
Total stockholders' deficit 108,155,290 87,301,481
Total liabilities and stockholders' deficit $ 110,138,099 $ 90,287,026