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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 864,059 $ 3,513,134
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,224,322 1,184,940
Stock-based compensation expenses 484,250 294,822
Bad debt recovery (66,980)  
Amortization of operating lease right-of-use assets 416,090 548,849
Changes in operating assets:    
Accounts receivable (2,894,162) 7,018,987
Bills receivable 87,573
Inventories 13,942,970 (8,171,427)
Prepaid expenses and other current assets 814,878 336,710
Advance to suppliers (1,910,244) (986,600)
Changes in operating liabilities:    
Accounts payable (1,530,458) 5,696,686
Accrued expenses (251,048) 679,586
Other payables (265,431) (749,837)
Amount due to noncontrolling interest 312
Deferred revenue (696,006) 465,405
Operating lease liabilities (336,984) (455,604)
Income tax payable, net of recovery (1,704,261) 262,106
Net cash provided by operating activities 8,178,880 9,637,757
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (635,878) (379,600)
Payments for construction of properties (2,575,669) (2,641,614)
Acquisition of Ever Winland (5,100,000)
Acquisition of Kawkab Venus (2,200,000)
Payment for long-term deposits (247,610) (129,650)
Net cash used in investing activities (3,459,157) (10,450,864)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividend payments (1,229,484) (1,243,432)
Investment of noncontrolling interest 31,365  
Share repurchase (547,713)
Repayment from short-term loan (3,118,339) (901,055)
Repayment to a related party (300,166)
Proceeds from short-term loan 3,118,339 2,007,185
Net cash used in financing activities (1,198,119) (985,181)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND RESTRICTED CASH (123,491) (334,064)
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH 3,398,113 (2,132,352)
CASH, AND RESTRICTED CASH, BEGINNING OF THE PERIOD 19,411,603 26,583,488
CASH, AND RESTRICTED CASH, END OF THE PERIOD 22,809,716 24,451,136
CASH, AND RESTRICTED CASH, END OF THE PERIOD 22,809,716 24,451,136
LESS: NON-CURRENT RESTRICTED CASH 1,608,074 1,437,339
CASH, END OF THE PERIOD 21,201,642 23,013,797
Supplemental disclosure information:    
Cash paid for interest 748,185 251,437
Income tax paid 2,371,705 1,096,934
Non-cash investing and financing activities    
Equipment obtained by utilizing long-term deposit 358,620 232,877
Acquisition of Kawkab Venus by utilizing long-term deposit 500,000
Right of use assets obtained in exchange for operating lease obligations $ 177,068 $ 68,932