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Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Mar. 31, 2017
Current assets    
Cash and cash equivalents $ 3,937,490 $ 3,222,361
Trade accounts receivable, net 1,610,865 673,678
Other receivables and prepayments 1,233,425 90,413
Related party receivables 266,959 67,145
Short-term investments 4,744,328
Total current assets 11,793,067 4,053,597
Non-current assets    
Investment 75,547 72,563
Property, plant and equipment, net 1,060,376 32,824
Intangible assets, net 1,369 812
Other assets 87,339 52,739
TOTAL ASSETS 13,017,698 4,212,535
Current liabilities    
Accounts payable 52,957 63,483
Taxes payable 1,670,273 830,606
Accrued liabilities and other current liabilities 236,277 253,913
Related party payable 64,698 42,960
Total current liabilities 2,024,205 1,190,962
TOTAL LIABILITIES 2,024,205 1,190,962
COMMITMENTS & CONTINGENCIES
Dragon Victory Stockholders' Equity    
Ordinary Shares, $0.0001 par value, 500,000,000 shares authorized; 11,421,393 and 10,000,000 shares issued and outstanding, respectively 1,142 1,000
Additional paid-in capital 8,929,968 1,053,607
Statutory reserves 433,479 65,331
Retained earnings 1,876,235 2,051,252
Accumulated other comprehensive income (168,541) (149,617)
Total Dragon Victory stockholders' equity 11,072,283 3,021,573
Noncontrolling interest (78,790)  
TOTAL EQUITY 10,993,493 3,021,573
TOTAL LIABILITIES AND STOCHOLDERS' EQUITY $ 13,017,698 $ 4,212,535