v3.10.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Mar. 31, 2018
Current Assets    
Cash $ 88,309 $ 58,237
Accounts receivable 1,745,000
Inventories 208,674
Prepaid expenses 1,479,123 362,602
Other receivable 2,616 427,291
Temporary deposit - related party 100,067
Other current assets 11,336 1,202
Total Current Assets 3,426,451 1,058,006
Property and Equipment    
Cost 2,715,543 407,501
Accumulated depreciation (322,049) (119,782)
Property and equipment 2,393,494 287,719
Prepayment for land 35,237,127
Prepayment for equipment 54,625 181,250
Construction in progress 1,311,245 3,254,170
Net Property and Equipment 38,996,491 3,723,139
Other Assets    
Intangible asset, net 3,382,500 3,753,750
Goodwill 1,475,334 1,450,536
Deposits - related party 2,462 2,542
Deposits - others 105,447 148,839
Total Other Assets 4,965,743 5,355,667
Total Assets 47,388,685 10,136,812
Current Liabilities    
Short-term bank loan 10,000
Short-term loan - related parties 325,040
Accounts payable 1,650,000
Accrued expenses 412,165 881,214
Other payable - related parties 949,298 1,299,578
Other payable - others 2,956,488 2,264,637
Total Current Liabilities 5,967,951 4,780,469
Restricted stock deposit liability 1,000 14
Total Liabilities 5,968,951 4,780,483
Commitments
Stockholders' Equity    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding as of December 31, 2018 and March 31, 2018
Common stock, $0.001 par value, 90,000,000 shares authorized, 9,098,090 shares (excluding 149,162 unvested restricted shares) issued and outstanding as of December 31, 2018; 90,000,000 shares authorized, 8,289,947 shares (excluding 2,072 unvested restricted shares) issued and outstanding as of March 31, 2018 45,490 41,418
Additional paid in capital 56,546,408 13,787,372
Subscribed capital 690,648
Subscriptions receivable (559,608)
Accumulated deficits (15,292,128) (8,602,971)
Accumulated other comprehensive income (loss) 119,964 (530)
Total Stockholders' Equity 41,419,734 5,356,329
Total Liabilities and Stockholders' Equity $ 47,388,685 $ 10,136,812

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