v3.10.0.1
Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Mar. 31, 2018
Current Assets    
Cash $ 896,773 $ 58,237
Accounts receivable 1,745,000
Inventories 208,674
Prepaid expenses 1,568,302 362,602
Other receivable 419,194 427,291
Other current assets 9,736 1,202
Total Current Assets 4,639,005 1,058,006
Property and Equipment    
Cost 2,624,969 407,501
Accumulated depreciation (187,313) (119,782)
Property and equipment 2,437,656 287,719
Prepayment for land 33,850,000
Prepayment for equipment 181,250
Construction in progress 1,483,916 3,254,170
Net Property and Equipment 37,771,572 3,723,139
Other Assets    
Intangible asset, net 3,506,250 3,753,750
Goodwill 1,450,536 1,450,536
Deposits - related party 2,379 2,542
Deposits - others 47,083 148,839
Total Other Assets 5,006,248 5,355,667
Total Assets 47,416,825 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 155,912 881,214
Other payable - related parties 868,079 1,299,578
Other payable - others 1,090,104 2,264,637
Total Current Liabilities 3,764,095 4,780,469
Restricted stock deposit liability 1,700 14
Total Liabilities 3,765,795 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 September 30, 2018 and March 31, 2018
Common stock, $0.001 par value, 450,000,000 shares authorized, 45,490,363 shares (excluding 1,267,875 unvested restricted shares) issued and outstanding as of September 30, 2018 and 41,449,735 shares (excluding 10,362 unvested restricted shares) issued and outstanding as of March 31, 2018 45,490 41,418
Additional paid in capital 56,841,387 13,787,372
Subscribed capital 690,648
Subscriptions receivable (559,608)
Accumulated deficits (13,231,175) (8,602,971)
Accumulated other comprehensive loss (4,672) (530)
Total Stockholders' Equity 43,651,030 5,356,329
Total Liabilities and Stockholders' Equity $ 47,416,825 $ 10,136,812

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