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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Mar. 31, 2023
Current Assets:    
Cash $ 18,459,939 $ 17,801,614
Accounts receivable, net 6,410,457 2,240,537
Bills receivable 87,573
Tax recoverable 16,763
Amount due from a related party 31,365
Inventories 23,800,407 32,656,833
Prepaid expenses and other current assets 2,885,651 2,947,815
Advance to suppliers, net 3,212,701 1,533,091
Total Current Assets 54,800,520 57,284,226
Restricted cash - non-current 1,611,294 1,609,989
Long-term deposits 1,105,790 841,628
Deferred tax assets, net 153,873 153,873
Property, plant and equipment, net 23,255,357 22,355,574
Goodwill 499,282 499,282
Right of use assets 940,800 974,761
Total Assets 82,366,916 83,719,333
Current Liabilities:    
Accounts payable 3,571,002 5,782,570
Accrued expenses 2,444,811 2,930,533
Credit facilities 3,117,337
Income tax payable - current 1,892,181 2,846,201
Other payables 1,273,690 1,477,243
Deferred revenue 625,132 928,393
Operating lease liabilities - current 413,412 481,502
Total Current Liabilities 13,337,565 14,446,442
Operating lease liabilities - non-current 319,786 287,247
Income tax payable - non-current 417,450 751,410
Total Liabilities 14,074,801 15,485,099
Commitments and Contingencies (Note 16)
Equity    
Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 30,000,000 shares authorized; 12,534,318 shares issued; 12,294,840 shares outstanding 12,534 12,534
Additional paid-in capital 23,171,848 22,931,046
Treasury stock, 239,478 shares (1,169,046) (1,169,046)
Statutory reserve 410,847 410,847
Retained earnings 46,053,866 46,172,082
Accumulated other comprehensive loss (217,888) (123,229)
Total Jerash Holdings (US), Inc. Stockholders’ Equity 68,262,161 68,234,234
Noncontrolling interest 29,954
Total Equity 68,292,115 68,234,234
Total Liabilities and Equity $ 82,366,916 $ 83,719,333