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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Mar. 31, 2024
Current Assets:    
Cash $ 11,366,228 $ 12,428,369
Accounts receivable, net 9,400,763 5,417,513
Inventories 20,727,685 27,241,573
Prepaid expenses and other current assets 2,981,096 2,746,068
Advance to suppliers, net 3,166,899 3,086,137
Total Current Assets 47,642,671 50,919,660
Restricted cash - non-current 1,607,644 1,608,498
Long-term deposits 1,000,682 802,306
Deferred tax assets, net 158,329 158,329
Property, plant, and equipment, net 24,573,926 24,998,096
Goodwill 499,282 499,282
Operating lease right of use assets 1,177,242 1,259,395
Total Assets 76,659,776 80,245,566
Current Liabilities:    
Credit facilities 2,130,743
Accounts payable 3,299,839 6,340,237
Accrued expenses 3,425,901 4,175,843
Income tax payable - current 1,449,202 1,647,199
Other payables 2,300,102 2,234,870
Deferred revenue 246,027 10,200
Operating lease liabilities - current 288,768 370,802
Total Current Liabilities 13,140,582 14,779,151
Operating lease liabilities - non-current 592,122 618,302
Income tax payable - non-current   417,450
Total Liabilities 13,732,704 15,814,903
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, and 12,294,840 shares outstanding 12,534 12,534
Additional paid-in capital 24,386,029 23,917,094
Treasury stock, 239,478 shares (1,169,046) (1,169,046)
Statutory reserve 413,821 413,821
Retained earnings 39,744,280 41,704,238
Accumulated other comprehensive loss (483,406) (492,319)
Total Jerash Holdings (US), Inc. Stockholders’ Equity 62,904,212 64,386,322
Noncontrolling interest 22,860 44,341
Total Equity 62,927,072 64,430,663
Total Liabilities and Equity $ 76,659,776 $ 80,245,566