v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Mar. 31, 2025
Current Assets:    
Cash and cash equivalents $ 10,764,576 $ 13,346,791
Accounts receivable, net 5,676,122 3,076,074
Inventories 29,956,361 27,704,829
Prepaid expenses and other current assets 3,351,655 3,648,321
Advances to suppliers, net 8,639,635 6,644,194
Total Current Assets 58,388,349 54,420,209
Restricted cash - non-current 1,702,935 1,717,248
Long-term deposits 834,686 464,934
Property, plant, and equipment, net 27,388,699 25,023,681
Goodwill 499,282 499,282
Operating lease right of use assets 1,038,563 850,172
Total Assets 89,852,514 82,975,526
Current Liabilities:    
Credit facilities 4,902,996 4,512,462
Accounts payable 7,167,019 6,507,308
Accrued expenses 5,528,165 4,342,436
Income tax payable - current 1,331,765 1,305,386
Uncertain tax provision 175,290
Other payables 2,092,183 2,149,185
Deferred revenue 241,357 487,004
Bank loan - current 58,766
Operating lease liabilities - current 319,910 339,699
Total Current Liabilities 21,642,161 19,818,770
Deferred tax liabilities, net 73 120
Operating lease liabilities - non-current 539,183 287,527
Bank Loan -non current 2,762,034
Total Liabilities 24,943,451 20,106,417
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; 12,939,418 shares issued; 12,699,940 shares outstanding as of March 31, 2026 and 2025, respectively 12,939 12,939
Additional paid-in capital 26,579,006 25,674,835
Treasury stock, 239,478 shares (1,169,046) (1,169,046)
Statutory reserve 413,821 413,821
Retained earnings 39,394,513 38,396,901
Accumulated other comprehensive loss (464,753) (513,122)
Total Jerash Holdings (US), Inc. Stockholders’ Equity 64,766,480 62,816,328
Noncontrolling interest 142,583 52,781
Total Equity 64,909,063 62,869,109
Total Liabilities and Equity $ 89,852,514 $ 82,975,526