2019 Q1 Form 10-K Financial Statement
#000114420419033096 Filed on June 28, 2019
Income Statement
| Concept | 2019 Q1 | 2019 | 2018 Q1 |
|---|---|---|---|
| Revenue | $14.48M | $84.98M | $8.850M |
| YoY Change | 63.62% | 22.64% | -27.28% |
| Cost Of Revenue | $11.91M | $66.21M | $6.720M |
| YoY Change | 77.23% | 28.95% | -15.58% |
| Gross Profit | $2.570M | $18.78M | $2.130M |
| YoY Change | 20.66% | 4.59% | -49.41% |
| Gross Profit Margin | 17.75% | 22.09% | 24.07% |
| Selling, General & Admin | $2.780M | $8.835M | $1.690M |
| YoY Change | 64.5% | 47.18% | 19.86% |
| % of Gross Profit | 108.17% | 47.05% | 79.34% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $300.0K | $1.256M | $320.0K |
| YoY Change | -6.25% | 3.19% | 10.34% |
| % of Gross Profit | 11.67% | 6.69% | 15.02% |
| Operating Expenses | $2.780M | $12.43M | $1.680M |
| YoY Change | 65.48% | 103.11% | 18.31% |
| Operating Profit | -$210.0K | $6.349M | $450.0K |
| YoY Change | -146.67% | -46.36% | -83.87% |
| Interest Expense | |||
| YoY Change | |||
| % of Operating Profit | |||
| Other Income/Expense, Net | $0.00 | $23.80K | -$30.00K |
| YoY Change | -100.0% | -175.88% | 50.0% |
| Pretax Income | -$210.0K | $6.372M | $420.0K |
| YoY Change | -150.0% | -46.01% | -84.84% |
| Income Tax | $10.00K | $1.261M | $1.400M |
| % Of Pretax Income | 19.79% | 333.33% | |
| Net Earnings | -$220.0K | $5.112M | -$980.0K |
| YoY Change | -77.55% | -50.89% | -135.13% |
| Net Earnings / Revenue | -1.52% | 6.02% | -11.07% |
| Basic Earnings Per Share | $0.46 | ||
| Diluted Earnings Per Share | -$19.43K | $0.45 | -$99.09K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 11.33M | 11.20M | 9.895M shares |
| Diluted Shares Outstanding | 11.33M |
Balance Sheet
| Concept | 2019 Q1 | 2019 | 2018 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | |||
| YoY Change | |||
| Cash & Equivalents | $27.18M | $8.598M | |
| Short-Term Investments | |||
| Other Short-Term Assets | $30.25M | $30.25M | $11.26M |
| YoY Change | 168.65% | 168.65% | 127.47% |
| Inventory | $21.07M | $21.07M | $20.29M |
| Prepaid Expenses | |||
| Receivables | $4.020M | $4.020M | $5.247M |
| Other Receivables | $0.00 | $0.00 | $50.00K |
| Total Short-Term Assets | $55.35M | $55.35M | $36.85M |
| YoY Change | 50.2% | 50.2% | 21.78% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $2.356M | $2.360M | $2.820M |
| YoY Change | -16.44% | -16.31% | -10.78% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $1.540M | $1.540M | $3.600M |
| YoY Change | -57.22% | -57.22% | 650.0% |
| Total Long-Term Assets | $3.900M | $3.900M | $6.418M |
| YoY Change | -39.23% | -39.25% | 76.38% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $55.35M | $55.35M | $36.85M |
| Total Long-Term Assets | $3.900M | $3.900M | $6.418M |
| Total Assets | $59.25M | $59.25M | $43.27M |
| YoY Change | 36.94% | 36.93% | 27.65% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.378M | $3.380M | $4.777M |
| YoY Change | -29.28% | -29.29% | -53.41% |
| Accrued Expenses | $1.539M | $1.540M | $1.175M |
| YoY Change | 30.94% | 30.51% | 153.07% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $650.0K | $650.0K | $980.0K |
| YoY Change | -33.67% | -33.67% | |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $7.586M | $7.590M | $7.923M |
| YoY Change | -4.26% | -4.17% | -33.3% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $1.400M | $1.400M | $1.290M |
| YoY Change | 8.53% | 8.53% | |
| Total Long-Term Liabilities | $1.400M | $1.400M | $1.290M |
| YoY Change | 8.53% | 8.53% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $7.586M | $7.590M | $7.923M |
| Total Long-Term Liabilities | $1.400M | $1.400M | $1.290M |
| Total Liabilities | $8.989M | $9.300M | $9.211M |
| YoY Change | -2.41% | -2.31% | -22.46% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $34.79M | $30.95M | |
| YoY Change | 12.4% | 50.69% | |
| Common Stock | $11.33K | $9.895K | |
| YoY Change | 14.45% | 12.6% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $49.95M | $49.95M | $33.75M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $59.25M | $59.25M | $43.27M |
| YoY Change | 36.94% | 36.93% | 27.65% |
Cashflow Statement
| Concept | 2019 Q1 | 2019 | 2018 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$220.0K | $5.112M | -$980.0K |
| YoY Change | -77.55% | -50.89% | -135.13% |
| Depreciation, Depletion And Amortization | $300.0K | $1.256M | $320.0K |
| YoY Change | -6.25% | 3.19% | 10.34% |
| Cash From Operating Activities | -$2.150M | $9.775M | -$5.520M |
| YoY Change | -61.05% | 89.31% | -588.5% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$70.00K | $791.0K | -$150.0K |
| YoY Change | -53.33% | -9.9% | 25.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$430.0K | -$810.0K | $0.00 |
| YoY Change | -338.24% | -100.0% | |
| Cash From Investing Activities | -$500.0K | -$1.601M | -$150.0K |
| YoY Change | 233.33% | 195.85% | -67.39% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $1.133M | ||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $8.930M | ||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 70.00K | 7.466M | -3.090M |
| YoY Change | -102.27% | 116.67% | |
| NET CHANGE | |||
| Cash From Operating Activities | -2.150M | 9.775M | -5.520M |
| Cash From Investing Activities | -500.0K | -1.601M | -150.0K |
| Cash From Financing Activities | 70.00K | 7.466M | -3.090M |
| Net Change In Cash | -2.580M | 15.64M | -8.760M |
| YoY Change | -70.55% | 93.94% | -1407.46% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$2.150M | $9.775M | -$5.520M |
| Capital Expenditures | -$70.00K | $791.0K | -$150.0K |
| Free Cash Flow | -$2.080M | $8.984M | -$5.370M |
| YoY Change | -61.27% | 109.64% | -529.6% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
30948006 | |
| CY2019Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-14440 | |
| CY2019Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
27182158 | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8597830 | |
| CY2019Q1 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
0 | |
| CY2018Q1 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
50027 | |
| CY2019Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2630727 | |
| CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets Current
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|
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Supplies
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|
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Supplies
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|
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Assets Current
AssetsCurrent
|
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Assets Current
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36850286 | |
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Restricted Cash Noncurrent
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Restricted Cash Noncurrent
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3598280 | |
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Assets
Assets
|
59251097 | |
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Assets
Assets
|
43268281 | |
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Lines Of Credit Current
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648711 | |
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Lines Of Credit Current
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Accounts Payable Current
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Accrued Liabilities Current
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1539147 | |
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Accrued Liabilities Current
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|
1175427 | |
| CY2019Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
1164238 | |
| CY2018Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
112000 | |
| CY2019Q1 | jrsh |
Other Payables Current
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855527 | |
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Other Payables Current
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Liabilities Current
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7585881 | |
| CY2018Q1 | us-gaap |
Liabilities Current
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|
7923421 | |
| CY2019Q1 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
1403087 | |
| CY2018Q1 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
1288000 | |
| CY2019Q1 | us-gaap |
Liabilities
Liabilities
|
8988968 | |
| CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
9211421 | |
| CY2019Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
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||
| CY2018Q1 | us-gaap |
Commitments And Contingencies
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| CY2019Q1 | us-gaap |
Preferred Stock Value
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0 | |
| CY2018Q1 | us-gaap |
Preferred Stock Value
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|
0 | |
| CY2019Q1 | us-gaap |
Common Stock Value
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|
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| CY2018Q1 | us-gaap |
Common Stock Value
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|
9895 | |
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Additional Paid In Capital
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|
14956767 | |
| CY2018Q1 | us-gaap |
Additional Paid In Capital
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|
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| CY2019Q1 | us-gaap |
Retained Earnings Accumulated Deficit
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
-24502 | |
| CY2019Q1 | us-gaap |
Stockholders Equity
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|
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| CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33747256 | |
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Minority Interest
MinorityInterest
|
309003 | |
| CY2018Q1 | us-gaap |
Minority Interest
MinorityInterest
|
309604 | |
| CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
50262129 | |
| CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
34056860 | |
| CY2019Q1 | us-gaap |
Liabilities And Stockholders Equity
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|
59251097 | |
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
43268281 | |
| CY2016Q4 | jrsh |
Percenage Of Individual Shareholder Transactions
PercenageOfIndividualShareholderTransactions
|
0.22 | |
| CY2017Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
8787500 | |
| CY2019Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
11325000 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
9895000 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9895000 | |
| CY2019Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2019Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | |
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Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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0.001 | |
| CY2018Q1 | us-gaap |
Preferred Stock Shares Authorized
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500000 | |
| CY2019Q1 | us-gaap |
Preferred Stock Shares Issued
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0 | |
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0 | |
| CY2018Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2019Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2019Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30000000 | |
| CY2018Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
15000000 | |
| CY2019Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
11325000 | |
| CY2019Q1 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | |
| CY2019Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
4020369 | |
| CY2018Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
5247090 | |
| CY2018Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
6722646 | |
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Use Of Estimates
UseOfEstimates
|
<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Use of Estimates</div></div></div><div style="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of the 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 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> | |
| CY2018Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | |
| CY2019Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
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4020369 | |
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Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
5247090 | |
| CY2019Q1 | jrsh |
Factored Accounts Receivable
FactoredAccountsReceivable
|
3 | |
| CY2018Q1 | jrsh |
Factored Accounts Receivable
FactoredAccountsReceivable
|
470659 | |
| CY2019Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
11601262 | |
| CY2018Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
11497237 | |
| CY2019Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1889329 | |
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Inventory Work In Process
InventoryWorkInProcess
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| CY2019Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
7583652 | |
| CY2019Q1 | us-gaap |
Inventory Net
InventoryNet
|
21074243 | |
| CY2018Q1 | us-gaap |
Inventory Net
InventoryNet
|
20293392 | |
| CY2019Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
200042 | |
| CY2018Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
217494 | |
| CY2019Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6467793 | |
| CY2018Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5238992 | |
| CY2019Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2356262 | |
| CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2819715 | |
| CY2019Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | |
| CY2019 | us-gaap |
Revenues
Revenues
|
84983661 | |
| CY2018 | us-gaap |
Revenues
Revenues
|
69295698 | |
| CY2019 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
66206652 | |
| CY2018 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
51342020 | |
| CY2019 | us-gaap |
Gross Profit
GrossProfit
|
18777009 | |
| CY2018 | us-gaap |
Gross Profit
GrossProfit
|
17953678 | |
| CY2019 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
8834547 | |
| CY2018 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
6002452 | |
| CY2019 | us-gaap |
Operating Expenses
OperatingExpenses
|
12428435 | |
| CY2018 | us-gaap |
Operating Expenses
OperatingExpenses
|
6119030 | |
| CY2019 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
6348574 | |
| CY2018 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
11834648 | |
| CY2019 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
23802 | |
| CY2019 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concentrations and Credit Risk</div></div></div><div style="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;">Credit risk</div></div></div><div style="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; 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 March 31, 2019, and 2018, respectively, $7,121,161 and $4,793,527 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 March 31, 2019, and 2018, respectively, $20,614,581 and $7,400,111 of the Company’s cash was 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 March 31, 2019, and 2018, respectively, $98,726 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="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; 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="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;">Customer and vendor concentration risk</div></div></div><div style="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prior to August 2016, substantially all of the Company’s sales were made to end-customers, through its affiliate (see Note 9), that are located primarily in the United States (see Note 12). Thereafter, the Company began selling directly to its customers. The Company’s operating results could be adversely affected by the U.S. government’s 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 each of the fiscal years ended March 31, 2019 and 2018, one end-customer accounted for 79% of total revenue. Including accounts receivable balances through the Company’s affiliates, as of March 31, 2019, one end-customer accounted for 96% of the total accounts receivable balance. As of March 31, 2018, two end-customers separately accounted for 57% and 22% of the total accounts receivable balance</div></div><div style="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the fiscal year ended March 31, 2019, the Company purchased approximately 19%, 12% and 11% of its raw materials from three major suppliers. For the fiscal year ended March 31, 2018 the company purchased approximately 43% and 18% of its raw materials from two major suppliers. As of March 31, 2019, accounts payable to three major suppliers separately accounted for 40%, 20% and 14% of the total accounts payable balance. As of March 31, 2018, there was a net prepaid balance to one major supplier totaling $874,591.</div></div><div style="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: "times new roman", serif; font-size: 10pt; 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> | |
| CY2018 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-31369 | |
| CY2019 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
6372376 | |
| CY2018 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
11803279 | |
| CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1260861 | |
| CY2019Q1 | us-gaap |
Area Of Land
AreaOfLand
|
4800 | |
| CY2019 | us-gaap |
Income Tax Holiday Description
IncomeTaxHolidayDescription
|
In accordance with the Investment Encouragement Law, Jerash Garments' export sales to overseas customers were entitled to a 100% income tax exemption for a period of 10 years commencing at the first day of production. This exemption had been extended for five years until December 31, 2018. | |
| CY2019Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
8624013 | |
| CY2018Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
7841213 | |
| CY2019 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-754 | |
| CY2018 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-6838 | |
| CY2019 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-10215 | |
| CY2018 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
16262 | |
| CY2019 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
5121730 | |
| CY2018 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
10387017 | |
| CY2019 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-601 | |
| CY2018 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-6993 | |
| CY2019 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
5122331 | |
| CY2018 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
10394010 | |
| CY2019 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11199630 | |
| CY2018 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9735651 | |
| CY2019Q1 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
212739 | |
| CY2018Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1430000 | |
| CY2018Q1 | jrsh |
Marketing Services And Advisoryamount
MarketingServicesAndAdvisoryamount
|
300000 | |
| CY2018Q1 | jrsh |
Marketing Services And Advisoryamount
MarketingServicesAndAdvisoryamount
|
300000 | |
| CY2019 | jrsh |
Consulting Fees
ConsultingFees
|
300000 | |
| CY2018 | jrsh |
Consulting Fees
ConsultingFees
|
75000 | |
| CY2019 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
1528500 | |
| CY2018 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
1274606 | |
| CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5112269 | |
| CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
10410117 | |
| CY2019 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.46 | |
| CY2018Q1 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
71699 | |
| CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
5111515 | |
| CY2018 | us-gaap |
Profit Loss
ProfitLoss
|
10403279 | |
| CY2019 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1255820 | |
| CY2018 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1216973 | |
| CY2019 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3593888 | |
| CY2018 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
116578 | |
| CY2019 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1229239 | |
| CY2018 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2472680 | |
| CY2017Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
22017790 | |
| CY2018 | jrsh |
Reverse Recapitalization
ReverseRecapitalization
|
1000 | |
| CY2018 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
1534475 | |
| CY2019 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3593888 | |
| CY2019 | us-gaap |
Dividends
Dividends
|
1132500 | |
| CY2018 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
444475 | |
| CY2019 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
1387879 | |
| CY2019 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11330310 | |
| CY2018 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9735651 | |
| CY2019 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
23802 | |
| CY2018 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-31369 | |
| CY2017Q4 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
| CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
| CY2018Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30000000 | |
| CY2018Q4 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.05 | |
| CY2018Q4 | us-gaap |
Dividends
Dividends
|
566250 | |
| CY2018Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
1484250 | |
| CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
150000 | |
| CY2018Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
6.12 | |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0 | |
| CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1139500 | |
| CY2019 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
6.88 | |
| CY2019 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | |
| CY2019 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
| CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
0 | |
| CY2019 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
0 | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1139500 | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.88 | |
| CY2019 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
193955 | |
| CY2019Q1 | jrsh |
Percentage Of Flate Fee
PercentageOfFlateFee
|
0.0035 | |
| CY2019 | us-gaap |
Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
|
P120D | |
| CY2019 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
5112000 | |
| CY2019 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
130680 | |
| CY2019Q1 | jrsh |
Deposit Assets Noncurrent
DepositAssetsNoncurrent
|
810172 | |
| CY2018Q1 | jrsh |
Deposit Assets Noncurrent
DepositAssetsNoncurrent
|
0 | |
| CY2018 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
10410000 | |
| CY2018 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | |
| CY2018 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.07 | |
| CY2019Q1 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
81461 | |
| CY2018Q1 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
0 | |
| CY2019Q1 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
2567325 | |
| CY2018Q1 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
1400000 | |
| CY2019 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-5205168 | |
| CY2018 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-594594 | |
| CY2019 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
11577544 | |
| CY2018 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
12397873 | |
| CY2018 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.07 | |
| CY2019Q1 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.05 | |
| CY2019Q1 | us-gaap |
Dividends
Dividends
|
566250 | |
| CY2018Q1 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
874591 | |
| CY2018 | us-gaap |
Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
|
1400000 | |
| CY2019 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-50047 | |
| CY2018 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-2293190 | |
| CY2019 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
770720 | |
| CY2018 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1151531 | |
| CY2019 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1404198 | |
| CY2018 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
470441 | |
| CY2019 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
-685197 | |
| CY2018 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
1128320 | |
| CY2019 | jrsh |
Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
|
81461 | |
| CY2018 | jrsh |
Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
|
0 | |
| CY2019 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-23888 | |
| CY2018 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-282472 | |
| CY2019 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
1167322 | |
| CY2018 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
1400000 | |
| CY2019 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
9775265 | |
| CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5163596 | |
| CY2019 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
791001 | |
| CY2018 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
877944 | |
| CY2019 | us-gaap |
Payments For Deposits
PaymentsForDeposits
|
380000 | |
| CY2018 | us-gaap |
Payments For Deposits
PaymentsForDeposits
|
0 | |
| CY2019 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1601114 | |
| CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-541198 | |
| CY2019 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
1132500 | |
| CY2018 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | |
| CY2019 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
-331876 | |
| CY2018 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
980403 | |
| CY2019 | jrsh |
Due From Shareholders Classified As Financing Activities
DueFromShareholdersClassifiedAsFinancingActivities
|
0 | |
| CY2018 | jrsh |
Due From Shareholders Classified As Financing Activities
DueFromShareholdersClassifiedAsFinancingActivities
|
692500 | |
| CY2019 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
8930300 | |
| CY2018 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | |
| CY2019 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
30 | |
| CY2018 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
0 | |
| CY2019 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
0 | |
| CY2018 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
1772845 | |
| CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
7465954 | |
| CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3445748 | |
| CY2019 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-1747 | |
| CY2018 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-4797 | |
| CY2019 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
15638358 | |
| CY2018 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
8063349 | |
| CY2019 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
175000 | |
| CY2018 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | |
| CY2019 | us-gaap |
Interest Paid Net
InterestPaidNet
|
90867 | |
| CY2018 | us-gaap |
Interest Paid Net
InterestPaidNet
|
27292 | |
| CY2019 | jrsh |
Warrants Issued To Placement Agent With Private Placement
WarrantsIssuedToPlacementAgentWithPrivatePlacement
|
160732 | |
| CY2018 | jrsh |
Warrants Issued To Placement Agent With Private Placement
WarrantsIssuedToPlacementAgentWithPrivatePlacement
|
161926 | |
| CY2019 | jrsh |
Prepaid Stock Issuance Cost Netted With Proceeds From Private Placement
PrepaidStockIssuanceCostNettedWithProceedsFromPrivatePlacement
|
308179 | |
| CY2018 | jrsh |
Prepaid Stock Issuance Cost Netted With Proceeds From Private Placement
PrepaidStockIssuanceCostNettedWithProceedsFromPrivatePlacement
|
239105 | |
| CY2019Q1 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
81461 | |
| CY2019Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
81461 | |
| CY2019 | us-gaap |
Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
|
1623717 | |
| CY2019 | us-gaap |
Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
|
0.14 | |
| CY2018Q4 | jrsh |
Provision Of Transition Tax Foreign Subsidiaries
ProvisionOfTransitionTaxForeignSubsidiaries
|
1400000 | |
| CY2018 | jrsh |
Transition Tax Due Period
TransitionTaxDuePeriod
|
P8Y | |
| CY2018 | jrsh |
Stock Based Compensation Expense For The Warrant Issued To The Board Observer
StockBasedCompensationExpenseForTheWarrantIssuedToTheBoardObserver
|
116578 | |
| CY2019 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
8622121 | |
| CY2019 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
30 | |
| CY2019 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1400533 | |
| CY2018 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-5472312 | |
| CY2019 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
363037 | |
| CY2018 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
711332 | |
| CY2019 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
0 | |
| CY2018 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
336746 | |
| CY2019Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.05 | |
| CY2019 | jrsh |
Statutory Reserve Value
StatutoryReserveValue
|
0 | |
| CY2019 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.198 | |
| CY2018 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.119 | |
| CY2019 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
4200000 | |
| CY2018 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | |
| CY2018 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
0 | |
| CY2018 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
3723692 | |
| CY2019Q1 | us-gaap |
Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
|
20200000 | |
| CY2019Q2 | us-gaap |
Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
|
2019-06-05 | |
| CY2019Q2 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2019-05-28 | |
| CY2019 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.45 | |
| jrsh |
Percentage Of Sales Tax
PercentageOfSalesTax
|
0.16 | ||
| CY2019 | 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 |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y | |
| CY2018Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P10Y | |
| CY2019 | us-gaap |
Related Party Transaction Description Of Transaction
RelatedPartyTransactionDescriptionOfTransaction
|
Sales / Purchases Lease | |
| CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
27834468 | |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
12196110 | |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4132761 | |
| CY2019 | dei |
Document Type
DocumentType
|
10-K | |
| CY2019 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2019 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2019-03-31 | |
| CY2019 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2019 | |
| CY2019 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
| CY2019 | dei |
Entity Registrant Name
EntityRegistrantName
|
Jerash Holdings (US), Inc. | |
| CY2019 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001696558 | |
| CY2019 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | |
| CY2019 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
| CY2019 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2019 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2019 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2018Q3 | dei |
Entity Public Float
EntityPublicFloat
|
16271093 | |
| CY2019 | dei |
Trading Symbol
TradingSymbol
|
JRSH | |
| CY2019Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
11325000 | |
| CY2019 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
| CY2019 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | |
| CY2019 | dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
true | |
| CY2019 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
| CY2019 | jrsh |
Payments To Acquire Long Term Deposits
PaymentsToAcquireLongTermDeposits
|
430113 | |
| CY2018 | jrsh |
Payments To Acquire Long Term Deposits
PaymentsToAcquireLongTermDeposits
|
0 | |
| CY2018 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
0 | |
| CY2018 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
36778 | |
| CY2018 | jrsh |
Income Tax Reconciliation Global Intangible Low Taxed Income
IncomeTaxReconciliationGlobalIntangibleLowTaxedIncome
|
0 | |
| CY2018 | us-gaap |
Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
|
0 | |
| CY2018 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
-3760470 | |
| CY2018 | jrsh |
Income Tax Reconciliation Provision To Return Adjustments
IncomeTaxReconciliationProvisionToReturnAdjustments
|
0 | |
| CY2018 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | |
| CY2019 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
0 | |
| CY2018 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
0 | |
| CY2019 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
0 | |
| CY2018 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
0 | |
| CY2019 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
1338199 | |
| CY2019 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
40 | |
| CY2019 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
692749 | |
| CY2019 | jrsh |
Income Tax Reconciliation Global Intangible Low Taxed Income
IncomeTaxReconciliationGlobalIntangibleLowTaxedIncome
|
1381950 | |
| CY2019 | us-gaap |
Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
|
31307 | |
| CY2019 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
-2391024 | |
| CY2019 | jrsh |
Income Tax Reconciliation Provision To Return Adjustments
IncomeTaxReconciliationProvisionToReturnAdjustments
|
270254 | |
| CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1400000 | |
| CY2019 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
1302022 | |
| CY2019 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
40 | |
| CY2019 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
40260 | |
| CY2018 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
1400000 | |
| CY2019 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
1342322 | |
| CY2018 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
1400000 | |
| CY2019 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-81461 | |
| CY2019 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-81461 | |
| CY2018 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | |
| CY2018Q1 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
0 | |
| CY2018Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | |
| CY2019 | us-gaap |
Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
|
0 | |
| CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
867837 | |
| CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
242836 | |
| CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
220657 | |
| CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Four And Five Years
OperatingLeasesFutureMinimumPaymentsDueInFourAndFiveYears
|
176300 | |
| CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
1507630 | |
| CY2019 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
| CY2019 | dei |
Security12b Title
Security12bTitle
|
Common Stock | |
| CY2019 | dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ |
