v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2017
Current Assets      
Cash $ 88,309 $ 58,237 $ 21,504
Accounts receivable 1,745,000
Inventories 208,674 208,674
Prepaid expenses 1,479,123 362,602 543,642
Other receivable - related party 46,743
Other receivable - others 2,616 427,291 412,390
Temporary deposit - related party 100,067
Other current assets 11,336 1,202 6,591
Total Current Assets 3,426,451 1,058,006 1,239,544
Property and Equipment      
Cost 2,715,543 407,501 405,319
Accumulated depreciation (322,049) (119,782) (100,592)
Property and equipment 2,393,494 287,719 304,727
Prepayment for land 35,237,127
Prepayment for equipment 54,625 181,250
Construction in progress 1,311,245 3,254,170 3,250,000
Net Property and Equipment 38,996,491 3,723,139 3,554,727
Other Assets      
Intangible asset, net 3,382,500 3,753,750 3,877,500
Goodwill 1,475,334 1,450,536 1,450,536
Deposits - related party 2,462 2,542 2,396
Deposits - others 105,447 148,839 141,273
Total Other Assets 4,965,743 5,355,667 5,471,705
Total Assets 47,388,685 10,136,812 10,265,976
Current Liabilities      
Short-term bank loan 10,000 10,000
Short-term loan - related party 325,040
Accounts payable 1,650,000
Accrued expenses 412,165 881,214 637,675
Other payable - related parties 949,298 1,299,578 1,082,395
Other payable - others 2,956,488 2,264,637 2,081,787
Total Current Liabilities 5,967,951 4,780,469 3,811,857
Restricted stock deposit liability 1,000 14 56
Total Liabilities 5,968,951 4,780,483 3,811,913
Commitments
Stockholders' Equity      
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding as of December 31, 2018, March 31, 2018 and December 31, 2017
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; 8,289,947 shares (excluding 2,072 unvested restricted shares) issued and outstanding as of March 31, 2018; 8,283,733 shares (excluding 8,286 unvested restricted shares) issued and outstanding as of December 31, 2017 45,490 41,449 41,418
Additional paid in capital 56,546,408 13,787,341 13,484,857
Subscribed capital 690,648 75,040
Subscriptions receivable (559,608)
Accumulated deficits (15,292,128) (8,602,971) (7,143,788)
Accumulated other comprehensive income (loss) 119,964 (530) (3,464)
Total Stockholders' Equity 41,419,734 5,356,329 6,454,063
Total Liabilities and Stockholders' Equity $ 47,388,685 $ 10,136,812 $ 10,265,976

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