v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows From Operating Activities    
Net loss $ (4,628,204) $ (3,829,642)
Adjustments to reconcile net loss to net cash used for operating activities:    
Depreciation and amortization 315,376 283,932
Stock-based compensation 786,334 1,127,835
R&D expenses transferred from inventory and construction in progress 439,296
Changes in operating assets and liabilities:    
Accounts receivable (1,745,000)
Inventories 1,230
Prepaid expenses (1,205,700) (211,535)
Other receivable - others 8,097 152,264
Other current assets (8,534)
Deposits - related party 163 3,941
Deposits - others 101,756 679,874
Accounts payable 1,650,000
Accrued expenses (725,302) 383,203
Other payable - related party (431,499) (19,539)
Other payable - others (1,174,533) 439,445
Net Cash Used for Operating Activities (6,617,750) (988,992)
Cash Flows from Investing Activities    
Prepaid investment (100,000)
Prepayment on land (33,850,000)
Acquisition of property and equipment (496,931) (279,968)
Net Cash Used for Investing Activities (34,346,931) (379,968)
Cash Flows from Financing Activities    
Proceeds from (Repayment of) short-term bank loan (10,000) 10,000
Repayment of short-term loan - related parties (325,040)
Proceeds from issuance of common stock 41,262,899 300,022
Proceeds from subscribed capital 544,913
Issuance of stock warrant 879,500 30,000
Net Cash Provided by Financing Activities 41,807,359 884,935
Net Increase (Decrease) in Cash 842,678 (484,025)
Cash, Beginning of Period 58,237 490,840
Foreign currency translation effect on cash (4,142) (249)
Cash, End of Period 896,773 6,566
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 4,000 3,833
Cash paid during the period for interest 2,008
Non-cash financing activities:    
Restricted stock deposit liability transferred to (from) common stock (1,686) 1,918
Other payable to related parties transferred to subscribed capital $ 2,024,000

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