2018 Q2 Form 10-Q Financial Statement
#000114420418044056 Filed on August 13, 2018
Income Statement
Concept | 2018 Q2 | 2017 Q2 | 2017 Q1 |
---|---|---|---|
Revenue | $18.36M | $21.35M | $12.17M |
YoY Change | -13.99% | 15.34% | 70.21% |
Cost Of Revenue | $13.70M | $16.50M | $7.960M |
YoY Change | -16.94% | 12.08% | 55.77% |
Gross Profit | $4.660M | $4.853M | $4.210M |
YoY Change | -3.97% | 28.04% | 106.37% |
Gross Profit Margin | 25.38% | 22.73% | 34.59% |
Selling, General & Admin | $5.185M | $1.418M | $1.410M |
YoY Change | 265.74% | 49.22% | -21.67% |
% of Gross Profit | 111.26% | 29.21% | 33.49% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $319.3K | $287.8K | $290.0K |
YoY Change | 10.95% | -17.78% | -12.12% |
% of Gross Profit | 6.85% | 5.93% | 6.89% |
Operating Expenses | $5.185M | $1.418M | $1.420M |
YoY Change | 265.74% | 50.8% | -21.11% |
Operating Profit | -$524.8K | $3.435M | $2.790M |
YoY Change | -115.28% | 20.53% | 1062.5% |
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $5.580K | -$6.316K | -$20.00K |
YoY Change | -188.35% | -68.42% | -33.33% |
Pretax Income | -$519.2K | $3.429M | $2.770M |
YoY Change | -115.14% | 21.15% | 1219.05% |
Income Tax | $366.0K | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | 0.0% | |
Net Earnings | -$885.2K | $3.431M | $2.790M |
YoY Change | -125.8% | 20.83% | 1113.04% |
Net Earnings / Revenue | -4.82% | 16.07% | 22.93% |
Basic Earnings Per Share | -$0.08 | $0.37 | |
Diluted Earnings Per Share | -$0.08 | $0.37 | $317.4K |
COMMON SHARES | |||
Basic Shares Outstanding | 10.82M shares | 9.315M shares | |
Diluted Shares Outstanding | 10.82M shares | 9.315M shares |
Balance Sheet
Concept | 2018 Q2 | 2017 Q2 | 2017 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $12.93M | $1.459M | $3.654M |
Short-Term Investments | |||
Other Short-Term Assets | $17.05M | $2.610M | $4.950M |
YoY Change | 553.26% | ||
Inventory | $20.01M | $15.57M | $19.15M |
Prepaid Expenses | |||
Receivables | $13.24M | $18.06M | $2.776M |
Other Receivables | $0.00 | $660.0K | $3.370M |
Total Short-Term Assets | $50.29M | $36.90M | $30.26M |
YoY Change | 36.3% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.984M | $3.050M | $3.160M |
YoY Change | -2.17% | ||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $3.670M | $480.0K | $480.0K |
YoY Change | 664.58% | ||
Total Long-Term Assets | $6.657M | $3.530M | $3.639M |
YoY Change | 88.58% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $50.29M | $36.90M | $30.26M |
Total Long-Term Assets | $6.657M | $3.530M | $3.639M |
Total Assets | $56.95M | $40.43M | $33.90M |
YoY Change | 40.86% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.134M | $12.26M | $10.25M |
YoY Change | -90.75% | ||
Accrued Expenses | $1.235M | $520.0K | $464.5K |
YoY Change | 137.46% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $7.060M | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $10.35M | $13.92M | $11.88M |
YoY Change | -25.64% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $1.590M | ||
YoY Change | |||
Total Long-Term Liabilities | $1.590M | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $10.35M | $13.92M | $11.88M |
Total Long-Term Liabilities | $1.590M | $0.00 | $0.00 |
Total Liabilities | $11.94M | $14.23M | $11.88M |
YoY Change | -16.08% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | $30.06M | $20.54M | |
YoY Change | |||
Common Stock | $11.33K | $8.788K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $44.70M | $26.20M | $21.70M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $56.95M | $40.43M | $33.90M |
YoY Change | 40.86% |
Cashflow Statement
Concept | 2018 Q2 | 2017 Q2 | 2017 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$885.2K | $3.431M | $2.790M |
YoY Change | -125.8% | 20.83% | 1113.04% |
Depreciation, Depletion And Amortization | $319.3K | $287.8K | $290.0K |
YoY Change | 10.95% | -17.78% | -12.12% |
Cash From Operating Activities | -$10.11M | -$4.245M | $1.130M |
YoY Change | 138.2% | -1110.74% | -34.3% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $481.8K | $184.9K | -$120.0K |
YoY Change | 160.58% | -184.04% | -88.68% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $340.0K | -$340.0K | |
YoY Change | |||
Cash From Investing Activities | -$481.8K | $151.8K | -$460.0K |
YoY Change | -417.3% | -169.02% | -56.6% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $8.930M | $1.212M | |
YoY Change | 637.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $14.93M | $1.904M | 0.000 |
YoY Change | 684.23% | ||
NET CHANGE | |||
Cash From Operating Activities | -$10.11M | -$4.245M | 1.130M |
Cash From Investing Activities | -$481.8K | $151.8K | -460.0K |
Cash From Financing Activities | $14.93M | $1.904M | 0.000 |
Net Change In Cash | $4.340M | -$2.189M | 670.0K |
YoY Change | -298.24% | -1194.52% | 1.52% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$10.11M | -$4.245M | $1.130M |
Capital Expenditures | $481.8K | $184.9K | -$120.0K |
Free Cash Flow | -$10.59M | -$4.430M | $1.250M |
YoY Change | 139.14% | -792.19% | -55.04% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1400000 | USD |
CY2018Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
664956 | USD |
CY2018Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1713174 | USD |
CY2018Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2073509 | USD |
CY2018Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | USD |
CY2018Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | USD |
CY2018Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2018Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2018Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
11497237 | USD |
CY2018Q2 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Use of Estimates</div></div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The preparation of the unaudited condensed consolidated financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The Company’s most significant estimates include allowance for doubtful accounts, valuation of inventory reserve and useful lives of buildings and other property. Actual results could differ from these estimates.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2018Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2018Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2018Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
13240000 | USD |
CY2018Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
5247090 | USD |
CY2018Q2 | jrsh |
Factored Accounts Receivable
FactoredAccountsReceivable
|
25015 | USD |
CY2018Q1 | jrsh |
Factored Accounts Receivable
FactoredAccountsReceivable
|
470659 | USD |
CY2018Q2 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
6406349 | USD |
CY2018Q2 | jrsh |
Description Of New Tax Rate On Certain Offshore Earnings
DescriptionOfNewTaxRateOnCertainOffshoreEarnings
|
The Tax Act imposes a one-time transition tax on deemed repatriation of historical earnings of foreign subsidiaries, and future foreign earnings are subject to U.S. taxation. The change has caused the Company to record a one-time income tax payable to be paid over 8 years. The one-time transition tax was calculated using the Company’s total post-1986 overseas earnings and profits based on a rate of 15.5% for the Company’s cash and cash equivalents and a rate of 8% for its other assets. | |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
1387879 | USD |
CY2017Q2 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
379828 | USD |
CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-885249 | USD |
CY2017Q2 | us-gaap |
Profit Loss
ProfitLoss
|
3428672 | USD |
CY2018Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
12929375 | USD |
CY2018Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8597830 | USD |
CY2018Q2 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
0 | USD |
CY2018Q1 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
50027 | USD |
CY2018Q2 | us-gaap |
Area Of Land
AreaOfLand
|
5000 | sqft |
CY2018Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
13240000 | USD |
CY2018Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
5247090 | USD |
CY2018Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
11887924 | USD |
CY2018Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
6722646 | USD |
CY2018Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
18363085 | USD |
CY2017Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
21350158 | USD |
CY2018Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
17971 | USD |
CY2018Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
342343 | USD |
CY2017Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
316742 | USD |
CY2018Q1 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
1400000 | USD |
CY2018Q2 | dei |
Document Type
DocumentType
|
10-Q | |
CY2018Q2 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2018Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Four And Five Years
OperatingLeasesFutureMinimumPaymentsDueInFourAndFiveYears
|
0 | USD |
CY2018Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
319310 | USD |
CY2017Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
287784 | USD |
CY2018Q2 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
13703294 | USD |
CY2017Q2 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
16497614 | USD |
CY2018Q2 | us-gaap |
Inventory Net
InventoryNet
|
20007447 | USD |
CY2018Q1 | us-gaap |
Inventory Net
InventoryNet
|
20293392 | USD |
CY2018Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2018Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2018Q1 | jrsh |
Marketing Services And Advisoryamount
MarketingServicesAndAdvisoryamount
|
300000 | USD |
CY2018Q1 | jrsh |
Marketing Services And Advisoryamount
MarketingServicesAndAdvisoryamount
|
300000 | USD |
CY2018Q2 | us-gaap |
Gross Profit
GrossProfit
|
4659791 | USD |
CY2017Q2 | us-gaap |
Gross Profit
GrossProfit
|
4852544 | USD |
CY2018Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3205980 | USD |
CY2017Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
116578 | USD |
CY2018Q2 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
682927 | USD |
CY2018Q2 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-06-30 | |
CY2018Q2 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2019 | |
CY2018Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5184620 | USD |
CY2017Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1417556 | USD |
CY2018Q1 | jrsh |
Consulting Fees
ConsultingFees
|
75000 | USD |
CY2018Q1 | jrsh |
Consulting Fees
ConsultingFees
|
75000 | USD |
CY2018Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
15000000 | shares |
CY2018Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
15000000 | shares |
CY2018Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
5184620 | USD |
CY2017Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
1417556 | USD |
CY2018Q2 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2018Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
7986340 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
15282375 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
22017790 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
34056860 | USD |
CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-524829 | USD |
CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3434988 | USD |
CY2018Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
11325000 | shares |
CY2018Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9895000 | shares |
CY2018Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1148119 | USD |
CY2018Q2 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-50026 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-1677582 | USD |
CY2018Q2 | dei |
Entity Registrant Name
EntityRegistrantName
|
Jerash Holdings (US), Inc. | |
CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1533868 | USD |
CY2018Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
11325000 | shares |
CY2018Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
9895000 | shares |
CY2018Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
7939480 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
7841213 | USD |
CY2018Q2 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001696558 | |
CY2018Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-295875 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-3566791 | USD |
CY2018Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-78141 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
88249 | USD |
CY2018Q2 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | |
CY2017Q2 | jrsh |
Reverse Recapitalization
ReverseRecapitalization
|
1000 | USD |
CY2018Q2 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
605276 | USD |
CY2018Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
217494 | USD |
CY2018Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
5580 | USD |
CY2017Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-6316 | USD |
CY2016Q4 | jrsh |
Percenage Of Individual Shareholder Transactions
PercenageOfIndividualShareholderTransactions
|
0.22 | pure |
CY2018Q2 | us-gaap |
Supplies
Supplies
|
2968753 | USD |
CY2018Q1 | us-gaap |
Supplies
Supplies
|
1128079 | USD |
CY2018Q2 | us-gaap |
Assets Current
AssetsCurrent
|
50293694 | USD |
CY2018Q1 | us-gaap |
Assets Current
AssetsCurrent
|
36850286 | USD |
CY2018Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5560903 | USD |
CY2018Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5238992 | USD |
CY2018Q2 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
CY2018Q2 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
1839199 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
0 | USD |
CY2018Q2 | dei |
Trading Symbol
TradingSymbol
|
JRSH | |
CY2018Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
8622121 | USD |
CY2018Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2983853 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2819715 | USD |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-519249 | USD |
CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3428672 | USD |
CY2018Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
5580 | USD |
CY2017Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-6316 | USD |
CY2018Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
3672891 | USD |
CY2018Q1 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
3598280 | USD |
CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
366000 | USD |
CY2018Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
11325000 | shares |
CY2018Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-3642986 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2017779 | USD |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
30 | USD |
CY2018Q2 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Concentrations and Credit Risk</div></div></div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; background: none;"><div style="text-decoration: none; font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-align:start; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;">Credit risk</div></div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; background: none;"><div style="text-decoration: none; font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. As of June 30, 2018 and March 31, 2018, $2,788,427 and $4,192,448 of the Company’s cash were on deposit at financial institutions in Jordan, where there currently is no rule or regulation requiring such financial institutions to maintain insurance to cover bank deposits in the event of bank failure. As of June 30, 2018 and March 31, 2018, $10,108,271 and $4,402,910 of the Company’s cash were on deposit at financial institutions in Hong Kong, which are insured by the Hong Kong Deposit Protection Board subject to certain limitations. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness. As of June 30, 2018 and March 31, 2018, $32,677 and $2,472 of the Company’s cash was on deposit in the United States and are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000.</div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; background: none;"><div style="text-decoration: none; font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Accounts receivable are typically unsecured and derived from revenue earned from customers, and therefore are exposed to credit risk. The risk is mitigated by the Company's assessment of its customers' creditworthiness and its ongoing monitoring of outstanding balances.</div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-align:start; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;">Customer and vendor concentration risk</div></div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Prior to August 2016, substantially all of the Company’s sales were made to end-customers, which are located primarily in the United States (see Note 12) through its affiliate (see Note 9)</div><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">. Thereafter, the Company began selling directly to its customers. The Company’s operating results could be adversely affected by U.S. government policy on exporting business, foreign exchange rate fluctuations, and change of local market conditions. The Company has a concentration of its revenues and purchases with specific customers and suppliers. For the three months ended June 30, 2018, two end-customers accounted for 91% and 8%, respectively of total revenue. For the three months ended June 30, 2017, two end-customers accounted for 82% and 11%, respectively of total revenue. As of June 30, 2018, two customers accounted for 91% and 8% of the total accounts receivable balance, respectively. As of March 31, 2018, two customers accounted for 57% and 22% of the total accounts receivable balance, respectively.</div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; background: none;"><div style="text-decoration: none; font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended June 30, 2018, the Company purchased approximately 30% and 13% of its raw materials from two major suppliers. For the three months ended June 30, 2017, the Company purchased </div>approximately <div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">92% </div>of its raw materials from one supplier. As of June 30, 2018, accounts payable to the two major suppliers accounted for 23% and 14% of the total accounts payable balance. As of March 31, 2018, there was a net prepaid balance to the major supplier.</div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">A loss of any of these customers or suppliers could adversely affect the operating results or cash flows of the Company.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2017Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
8787500 | shares |
CY2018Q2 | us-gaap |
Assets
Assets
|
56950438 | USD |
CY2018Q1 | us-gaap |
Assets
Assets
|
43268281 | USD |
CY2018Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-8 | USD |
CY2017Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-2818 | USD |
CY2018Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-428783 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
51737 | USD |
CY2017Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
972872 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-885241 | USD |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3431490 | USD |
CY2017Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2018Q2 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
7059533 | USD |
CY2018Q1 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
980195 | USD |
CY2017Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
116578 | USD |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3205980 | USD |
CY2018Q2 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
355199 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-21397 | USD |
CY2018Q2 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
366000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
0 | USD |
CY2018Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1134393 | USD |
CY2018Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
4776812 | USD |
CY2018Q2 | jrsh |
Retained Earnings Appropriation Description
RetainedEarningsAppropriationDescription
|
Appropriations to the statutory reserve are required to be 10% of net income until the reserve is equal to 100% of the entity’s share capital. | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-8963 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
22316 | USD |
CY2018Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1234796 | USD |
CY2018Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1175427 | USD |
CY2018Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10112026 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4245098 | USD |
CY2018Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
175000 | USD |
CY2018Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
112000 | USD |
CY2018Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-876286 | USD |
CY2017Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
3406356 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
71699 | USD |
CY2018Q2 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
71699 | USD |
CY2018Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
145 | USD |
CY2017Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-3087 | USD |
CY2018Q2 | jrsh |
Other Payables Current
OtherPayablesCurrent
|
747011 | USD |
CY2018Q1 | jrsh |
Other Payables Current
OtherPayablesCurrent
|
878987 | USD |
CY2018Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
481807 | USD |
CY2017Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
184898 | USD |
CY2018Q2 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
0 | USD |
CY2017Q2 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
336746 | USD |
CY2018Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
10350733 | USD |
CY2018Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
7923421 | USD |
CY2018Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-876431 | USD |
CY2017Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
3409443 | USD |
CY2018Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1430000 | shares |
CY2018Q2 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
1591000 | USD |
CY2018Q1 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
1288000 | USD |
CY2018Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-481807 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
151848 | USD |
CY2018Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.14 | pure |
CY2017Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.14 | pure |
CY2018Q2 | us-gaap |
Liabilities
Liabilities
|
11941733 | USD |
CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
9211421 | USD |
CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.08 | |
CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.37 | |
CY2018Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2018Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2018Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
2742158 | USD |
CY2018Q2 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
30 | USD |
CY2018Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-7999 | USD |
CY2017Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-6203 | USD |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2017Q2 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
0 | USD |
CY2018Q2 | jrsh |
Due From Shareholders Classified As Financing Activities
DueFromShareholdersClassifiedAsFinancingActivities
|
0 | USD |
CY2017Q2 | jrsh |
Due From Shareholders Classified As Financing Activities
DueFromShareholdersClassifiedAsFinancingActivities
|
692500 | USD |
CY2018Q2 | us-gaap |
Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
|
0.04 | |
CY2017Q2 | us-gaap |
Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
|
0.05 | |
CY2018Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
30062765 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
30948006 | USD |
CY2018Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-15692 | USD |
CY2018Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-24502 | USD |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0 | pure |
CY2018Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
4331545 | USD |
CY2017Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-2195246 | USD |
CY2018Q2 | us-gaap |
Income Tax Holiday Description
IncomeTaxHolidayDescription
|
In accordance with the Investment Encouragement Law, Jerash Garments' export sales to overseas customers are entitled to a 100% income tax exemption for a period of 10 years commencing at the first day of production. This exemption has been extended for 5 years until December 31, 2018. | |
CY2018Q2 | us-gaap |
Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
|
425539 | USD |
CY2017Q2 | us-gaap |
Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
|
504675 | USD |
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10822143 | shares |
CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9315467 | shares |
CY2018Q2 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
6075835 | USD |
CY2018Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
11325 | USD |
CY2018Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
9895 | USD |
CY2017Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
379828 | USD |
CY2018Q2 | us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
-72788 | USD |
CY2017Q2 | us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
0 | USD |
CY2018Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
8930300 | USD |
CY2017Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1211707 | USD |
CY2018Q2 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | USD |
CY2018Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
14568859 | USD |
CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3654373 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
44698956 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33747256 | USD |
CY2018Q2 | us-gaap |
Minority Interest
MinorityInterest
|
309749 | USD |
CY2018Q1 | us-gaap |
Minority Interest
MinorityInterest
|
309604 | USD |
CY2017Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1459127 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
45008705 | USD |
CY2018Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
56950438 | USD |
CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
43268281 | USD |
CY2018Q2 | jrsh |
Warrants Issued To Placement Agent With Private Placement
WarrantsIssuedToPlacementAgentWithPrivatePlacement
|
160732 | USD |
CY2017Q2 | jrsh |
Warrants Issued To Placement Agent With Private Placement
WarrantsIssuedToPlacementAgentWithPrivatePlacement
|
107900 | USD |
CY2017Q2 | jrsh |
Prepaid Stock Issuance Cost Netted With Proceeds From Private Placement
PrepaidStockIssuanceCostNettedWithProceedsFromPrivatePlacement
|
239105 | USD |
CY2018Q2 | jrsh |
Prepaid Stock Issuance Cost Netted With Proceeds From Private Placement
PrepaidStockIssuanceCostNettedWithProceedsFromPrivatePlacement
|
308179 | USD |
CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.08 | |
CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.37 | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10822143 | shares |
CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9315467 | shares |
CY2018Q2 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
1892000 | USD |
CY2018Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3205980 | USD |
CY2017Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
116578 | USD |
CY2017Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
26514596 | USD |
CY2018Q2 | us-gaap |
Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
|
175000 | USD |
CY2018Q2 | jrsh |
Increase In Income Tax Expense
IncreaseInIncomeTaxExpense
|
492000 | USD |
CY2018Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
14933377 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1904207 | USD |
CY2017Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3429 | USD |
CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-885 | USD |
CY2018Q2 | us-gaap |
Revenues
Revenues
|
18363085 | USD |
CY2018Q2 | jrsh |
Income Tax Payable Term
IncomeTaxPayableTerm
|
P8Y | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | shares |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
989500 | shares |
CY2018Q2 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
0 | shares |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
989500 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0 | |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
7.00 | |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
0 | |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
7.00 | |
CY2017Q2 | us-gaap |
Capital Units
CapitalUnits
|
107990 | USD |
CY2017Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
116578 | USD |
CY2016Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
0 | USD |
CY2018Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
1484250 | shares |
CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y | |
CY2017Q4 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | pure |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.3155 | pure |
CY2018Q2 | jrsh |
Percentage Of Flate Fee
PercentageOfFlateFee
|
0.0035 | pure |
CY2018Q2 | jrsh |
Fair Value Of Options
FairValueOfOptions
|
3.24 | |
CY2018Q2 | us-gaap |
Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
|
P120D |