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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Mar. 31, 2017
Current Assets:    
Cash $ 14,345,454 $ 3,654,373
Accounts receivable 6,755,128 2,776,314
Accounts receivable - related party 90,751 2,343,892
Other receivable - related party 0 336,746
Due from shareholders 0 692,500
Inventories 6,721,888 19,151,609
Advance to suppliers 3,363,783 0
Prepaid expenses and other current assets 1,206,103 1,303,230
Total Current Assets 32,483,107 30,258,664
Restricted cash 3,472,374 478,388
Property, plant and equipment, net 2,988,418 3,160,242
Total Assets 38,943,899 33,897,294
Current Liabilities:    
Credit facilities 947,655 0
Accounts payable 1,472,041 10,253,053
Accrued expenses 534,148 464,476
Other payables 962,531 1,161,975
Total Current Liabilities 3,916,375 11,879,504
Total Liabilities 3,916,375 11,879,504
Commitments and Contingencies
Equity    
Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.001 par value; 15,000,000 shares authorized; 9,895,000 shares and 8,787,500 shares issued and outstanding as of December 31, 2017 and March 31, 2017. 9,895 8,788
Additional paid-in capital 2,742,158 1,091,212
Statutory reserve 71,699 71,699
Retained earnings 31,928,688 20,537,889
Accumulated other comprehensive loss (38,378) (8,395)
Total Shareholder's Equity 34,714,062 21,701,193
Noncontrolling interest 313,462 316,597
Total Equity 35,027,524 22,017,790
Total Liabilities and Equity $ 38,943,899 $ 33,897,294