v3.10.0.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Current Assets    
Cash $ 580,615 $ 58,237
Inventories 208,674 208,674
Prepaid expenses 1,029,104 362,602
Other receivable 418,573 427,291
Other current assets 8,637 1,202
Total Current Assets 2,245,603 1,058,006
Property and Equipment    
Cost 549,472 407,501
Accumulated depreciation (144,548) (119,782)
Property and equipment 404,924 287,719
Prepayment for land 18,000,000  
Prepayment for equipment 412,500 181,250
Construction in progress 3,254,170 3,254,170
Net Property and Equipment 22,071,594 3,723,139
Other Assets    
Intangible asset, net 3,630,000 3,753,750
Goodwill 1,450,536 1,450,536
Deposits - related party 2,542 2,542
Deposits - others 55,145 148,839
Total Other Assets 5,138,223 5,355,667
Total Assets 29,455,420 10,136,812
Current Liabilities    
Short-term bank loan 10,000
Short-term loan - related parties 325,040
Accrued expenses 417,633 881,214
Other payable - related parties 915,476 1,299,578
Other payable - others 829,578 2,264,637
Total Current Liabilities 2,162,687 4,780,469
Restricted stock deposit liability 1,700 14
Total Liabilities 2,164,387 4,780,483
Commitments and Contingency
Stockholders' Equity    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding as of June 30, 2018 and March 31, 2018
Common stock, $0.001 par value, 450,000,000 shares authorized, 43,201,095 shares (excluding 1,267,875 unvested restricted shares) issued and outstanding as of June 30, 2018 and 41,449,735 shares (excluding 10,362 unvested restricted shares) issued and outstanding as of March 31, 2018 43,200 41,418
Additional paid in capital 37,988,081 13,787,372
Subscribed capital 690,648
Subscriptions receivable (559,608)
Accumulated deficits (10,733,102) (8,602,971)
Accumulated other comprehensive loss (7,146) (530)
Total Stockholders' Equity 27,291,033 5,356,329
Total Liabilities and Stockholders' Equity $ 29,455,420 $ 10,136,812

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