v3.26.1
Property, Plant, and Equipment, Net
 3 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment, Net [Abstract]  
PROPERTY, PLANT, AND EQUIPMENT, NET

NOTE 8 – PROPERTY, PLANT, AND EQUIPMENT, NET

 

Property, plant, and equipment, net consisted of the following:

 

    As of
June 30,
2026
(Unaudited)		     As of
March 31,
2026		  
Land   $ 2,200,334     $ 2,200,334  
Property and buildings     24,737,536       24,737,536  
Equipment and machinery     15,295,305       15,149,498  
Office and electronic equipment     1,577,354       1,569,943  
Automobiles     1,489,050       1,417,113  
Leasehold improvements     4,718,189       4,665,845  
Subtotal     50,017,768       49,740,269  
Less: Accumulated depreciation and amortization     (23,179,516 )     (22,351,570 )
Property, plant, and equipment, net   $ 26,838,252     $ 27,388,699  

 

On February 2, 2026, Jerash Garments received the approval from the Housing Bank for Trade and Finance (the “Housing Bank”) of a property purchase request (the “Property Purchase Request”) submitted by Jerash Garments to the Housing Bank on January 20, 2026 for the purchase of a manufacturing building and associated land (the “Property”) located on Property No. 1326, Basin No. 3 Abu Sawwana, Al-Ruqaim Village, from the lands of South Amman, Jordan. The purchase price is JOD 2,400,000 (approximately $3,384,000). The purchase was completed on February 19, 2026.

 

For the three months ended June 30, 2026 and 2025, depreciation and amortization expenses were $831,884 and $743,787, respectively.