XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Revenue, net from related party $ 0 $ 0 $ 0 $ 23,350,919
Revenue, net from third parties 11,543,763 12,615,762 60,443,400 26,517,719
Revenue, net 11,543,763 12,615,762 60,443,400 49,868,638
Cost of goods sold 7,791,407 8,873,825 44,623,660 38,672,902
Gross Profit 3,752,356 3,741,937 15,819,740 11,195,736
Selling, general and administrative expenses 1,557,449 1,347,946 4,433,102 3,294,057
Total Operating Expenses 1,557,449 1,347,946 4,433,102 3,294,057
Income from Operations 2,194,907 2,393,991 11,386,638 7,901,679
Other Expense (Income):        
Other expense (income), net (12,244) 4,032 (1,316) 28,463
Total other expense (income), net (12,244) 4,032 (1,316) 28,463
Net Income 2,207,151 2,389,959 11,387,954 7,873,216
Net loss attributable to noncontrolling interest 26 8,929 2,845 32,016
Net income attributable to Jerash Holdings (US), Inc.'s Common Shareholders 2,207,177 2,398,888 11,390,799 7,905,232
Net Income 2,207,151 2,389,959 11,387,954 7,873,216
Other Comprehensive Income (Loss):        
Foreign currency translation loss (53,817) (14,659) (30,273) (54,065)
Total Comprehensive Income 2,153,334 2,375,300 11,357,681 7,819,151
Comprehensive loss attributable to noncontrolling interest 515 9,846 3,135 33,746
Comprehensive Income Attributable to Jerash Holdings (US), Inc.'s Common Shareholders $ 2,153,849 $ 2,385,146 $ 11,360,816 $ 7,852,897
Earnings Per Share Attributable to Common Shareholders:        
Basic and diluted $ 0.23 $ 0.27 $ 1.18 $ 0.9
Weighted Average Number of Shares:        
Basic and diluted 9,683,500 8,787,500 9,683,500 8,787,500