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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (4,234,242) $ (21,138,777) $ (3,198,366)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 790,449 718,002 1,256,491
Bad debt direct write-off and provision and reversal (249,257) 7,579,886 939,720
Amortization of Right-of-use assets 4,594,172
Loss from disposal of property and equipment 107,251
Impairment of long lived assets 148,795
Share-based compensation 10,360,000
Investment loss 1,607,537 2,316,994
Change in operating assets and liabilities:      
Accounts receivable (1,804,440) (2,531,755) (2,657,283)
Notes receivable 19,943 (20,861) 40,260
Inventories and biological assets (1,699,621) (522,550) 1,523,098
Other receivables (672,830) (958,671) (1,927,692)
Advances to suppliers (839,221) 201,984 (171,783)
Long term deposit (132,568) 589,653 (159,508)
Other current assets 19,076 331,426 376,134
Other noncurrent assets 69,539 (30,483) 62,394
Amount due from related parties (317,828)
Accounts payable 6,002,186 1,765,488 (3,558,050)
Other payables and accrued liabilities 868,975 (1,341,447) 99,132
Customer deposits (144,761) (1,035,456) 678,601
Taxes payable (948,277) 433,054 1,162,084
Operating lease liabilities (6,191,522)
Net cash used in operating activities (3,155,439) (3,283,513) (5,385,973)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of equipment and building (330,677) (118,272) (89,960)
Investment in a joint venture (1,116,212) (4,379)
Purchases of intangible assets (66,973) (12,774) (7,012)
Additions to leasehold improvements (525,988) (180,672) (209,166)
Net cash used in investing activities (2,039,850) (316,097) (306,138)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from short-term bank loan 1,116,212
Repayment of short-term bank loan (837,159) (779,059)
Repayment of third parties loan (1,811,558) (2,613,965)
Proceeds from notes payable 56,875,403 57,965,013 65,370,181
Repayment of notes payable (52,997,171) (60,273,598) (57,829,269)
Proceeds from issuance of shares and warrants in private placements 2,589,600 7,325,000
Proceeds from other payable-related parties 1,257,406 43,785 689,010
Repayment of other payable-related parties (882,486)  
Net cash provided by financing activities 8,004,291 2,366,156 4,836,898
EFFECT OF EXCHANGE RATE ON CASH (1,505,475) (2,535,479) 1,522,146
INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 1,303,527 (3,768,933) 666,933
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, beginning of year 31,570,644 35,339,577 34,672,644
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, end of year 32,874,171 31,570,644 35,339,577
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for income taxes 149,023 63,668 3,955
Cash paid for interest 13,604 64,943 262,218
NON-CASH ACTIVITIES:      
Cashless exercise of warrants $ 135,118