v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (1,125,565) $ (28,022)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 4,694 5,990
Amortization of right-of-use assets 178,681 176,382
   Inventory provision included in cost of sales 240,312 0
   Inventory loss included in cost of sales 186,383 0
   Stock-based compensation expense 318,137 0
   Write off of other receivables 30,920 0
Changes in operating assets and liabilities:    
Accounts receivable (70,611) 65,142
Inventories (182,531) 162,276
Prepaid expenses and other current assets 46,058 (254,853)
Accounts payables (706)
Accrued expenses and other payables (23,447) 140,295
Value added and other taxes payable 0 42,691
Net cash (used in)/provided by operating activities (396,969) 309,195
Cash flows from investing activities:    
Purchase of property, plant and equipment 0 (5,632)
Net cash on acquisition 0 4,644
Net cash used in investing activities 0 (988)
Cash flows from financing activities:    
Proceeds from private placement 234,000 50,000
Payment for cancellation of shares 0 (50,000)
Proceeds from bank loans 567,431 663,505
Repayment of bank loan (402,254) (460,030)
Advances to related companies (136,135) (299,010)
Net cash used in financing activities 263,042 (95,535)
Effect of exchange rate changes on cash 41,056 (78,872)
Net (decrease)/increase in cash (92,871) 133,800
Cash at beginning of year 194,590 60,790
Cash at end of year 101,719 194,590
Supplemental information:    
Cash paid for income tax 11,119 660
Cash paid for interests 35,361 24,250
Major non-cash transactions:    
Right of use assets obtained in exchange for operating lease obligations $ 37,611 $ 1,148,422