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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 11,387,954 $ 7,873,216
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 899,277 1,034,414
Stock-based compensation expense 116,578 0
Changes in operating assets:    
Accounts receivable (3,983,634) (9,020,668)
Accounts receivable - related party 2,252,257 0
Inventories 12,419,117 8,063,746
Advance to suppliers (3,604,797) 0
Prepaid expenses and other current assets 95,979 (113,561)
Changes in operating liabilities:    
Accounts payable (8,776,539) 5,298,243
Accounts payable - related parties 0 (5,852,302)
Accrued expenses 70,138 (22,793)
Due to related parties 0 (344,696)
Other payables (198,487) (370,503)
Net cash provided by operating activities 10,677,843 6,545,096
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (730,269) (373,055)
Other receivable - related party 336,746 0
Net cash used in investing activities (393,523) (373,055)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividend distribution   (5,307,500)
Proceeds from short-term loan 948,193 0
Due from shareholders 692,500 (692,500)
Change in restricted cash (2,996,128) 0
Net proceeds from private placement 1,772,845 0
Net cash provided by (used in) investing activities 417,410 (6,000,000)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (10,649) 11,041
NET INCREASE IN CASH 10,691,081 183,082
CASH, BEGINNING OF THE PERIOD 3,654,373 2,823,974
CASH, END OF THE PERIOD 14,345,454 3,007,056
Non-cash financing activities    
Warrants issued to placement agent in connection with the private placement 161,926 0
Prepaid stock issuance cost netted with proceeds from private placement $ 239,105 $ 0