Jerash Holdings (US) (JRSH) 10-K 28 Jun 18 2018 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2018	Jun. 28, 2018	Sep. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Entity Registrant Name	Jerash Holdings (US), Inc.
Entity Central Index Key	1,696,558
Current Fiscal Year End Date	--03-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		11,325,000
Trading Symbol	JRSH

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Current Assets:
Cash	$ 8,597,830	$ 3,654,373
Accounts receivable	5,247,090	2,776,314
Accounts receivable- related party	50,027	2,343,892
Other receivable - related party	0	336,746
Due from shareholders	0	692,500
Inventories	20,293,392	19,151,609
Prepaid expenses and other current assets	1,533,868	1,303,230
Advance to suppliers	1,128,079	0
Total Current Assets	36,850,286	30,258,664
Restricted cash	3,598,280	478,388
Property, plant and equipment, net	2,819,715	3,160,242
Total Assets	43,268,281	33,897,294
Current Liabilities:
Line of Credit, Current	980,195	0
Accounts payable	4,776,812	10,253,053
Accrued expenses	1,175,427	464,476
Income tax payable	112,000	0
Other payables	878,987	1,161,975
Total Current Liabilities	7,923,421	11,879,504
Income tax payable-non current	1,288,000	0
Total Liabilities	9,211,421	11,879,504
Commitments and Contingencies
Equity
Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.001 par value; 15,000,000 shares authorized; 9,895,000 shares and 8,787,500 shares issued and outstanding as of March 31, 2018 and 2017 respectively.	9,895	8,788
Additional paid-in capital	2,742,158	1,091,212
Statutory reserve	71,699	71,699
Retained earnings	30,948,006	20,537,889
Accumulated other comprehensive loss	(24,502)	(8,395)
Total Jerash Holdings (US), Inc.'s Shareholders' Equity	33,747,256	21,701,193
Noncontrolling interest	309,604	316,597
Total Equity	34,056,860	22,017,790
Total Liabilities and Equity	$ 43,268,281	$ 33,897,294

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2018	Mar. 31, 2017
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	500,000	500,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	15,000,000	15,000,000
Common Stock, Shares, Issued	9,895,000	8,787,500
Common Stock, Shares, Outstanding	9,895,000	8,787,500

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue, net from related party	$ 0	$ 23,350,919
Revenue, net from third parties	69,295,698	38,689,670
Revenue, net	69,295,698	62,040,589
Cost of goods sold	51,342,020	46,636,992
Gross Profit	17,953,678	15,403,597
Selling, general and administrative expenses	6,119,030	4,705,498
Total Operating Expenses	6,119,030	4,705,498
Income from Operations	11,834,648	10,698,099
Other Expense:
Other expense, net	31,369	50,318
Total other expense, net	31,369	50,318
Net Income before provision for income taxes	11,803,279	10,647,781
Income tax expense	1,400,000
Net Income	10,403,279	10,647,781
Net loss attributable to noncontrolling interest	6,838	44,608
Net income attributable to Jerash Holdings (US), Inc.'s Common Shareholders	10,410,117	10,692,389
Net Income	10,403,279	10,647,781
Other Comprehensive Loss:
Foreign currency translation loss	(16,262)	(39,978)
Total Comprehensive Income	10,387,017	10,607,803
Comprehensive loss attributable to noncontrolling interest	6,993	45,505
Comprehensive Income Attributable to Jerash Holdings (US), Inc.'s Common Shareholders	$ 10,394,010	$ 10,653,308
Earnings Per Share Attributable to Common Shareholders:
Basic and diluted	$ 1.07	$ 1.22
Weighted Average Number of Shares
Basic and diluted	9,735,651	8,787,500

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Statutory Reserve [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
Balance at Mar. 31, 2016	$ 16,717,487	$ 0	$ 8,788	$ 1,091,212	$ 71,699	$ 15,153,000	$ 30,686	$ 362,102
Balance (in shares) at Mar. 31, 2016		0	8,787,500
Net income	10,647,781	$ 0	$ 0	0	0	10,692,389	0	(44,608)
Dividend distribution	(5,307,500)					(5,307,500)
Foreign currency translation gain (loss)	(39,978)	0	0	0	0	0	(39,081)	(897)
Balance at Mar. 31, 2017	22,017,790	$ 0	$ 8,788	1,091,212	71,699	20,537,889	(8,395)	316,597
Balance (in shares) at Mar. 31, 2017		0	8,787,500
Reverse Recapitalization	1,000		$ 712	288
Reverse recapitalization (in shares)			712,500
Private placement - common stock and warrants issued, net of stock issuance costs of $444,475	1,534,475		$ 395	1,534,080
Private placement - common stock and warrants issued, net of stock issuance costs of $444,475 (in shares)			395,000
Stock-based compensation expense for the warrant issued to the board observer	116,578			116,578
Net income	10,403,279	$ 0	$ 0	0	0	10,410,117	0	(6,838)
Dividend distribution		0	0	0	0		0	0
Foreign currency translation gain (loss)	(16,262)	0	0	0	0	0	(16,107)	(155)
Balance at Mar. 31, 2018	$ 34,056,860	$ 0	$ 9,895	$ 2,742,158	$ 71,699	$ 30,948,006	$ (24,502)	$ 309,604
Balance (in shares) at Mar. 31, 2018		0	9,895,000

CONSOLIDATED STATEMENTS OF CHA6

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical)	12 Months Ended
	Mar. 31, 2018USD ($)
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	$ 444,475

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 10,403,279	$ 10,647,781
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,216,973	1,322,946
Stock-based compensation expense	116,578	0
Changes in operating assets:
Accounts receivable	(2,472,680)	(2,778,320)
Account receivable - related party	2,293,190	(2,345,221)
Inventories	(1,151,531)	(2,684,465)
Prepaid expenses and other current assets	(470,441)	(84,682)
Advances to suppliers	(1,128,320)
Changes in operating liabilities:
Accounts payable	(5,472,312)	9,984,792
Accounts payable - related parties	0	(5,871,024)
Accrued expenses	711,332	61
Due to related parties	0	(345,799)
Other payables	(282,472)	(168,807)
Income tax payable	1,400,000	0
Net cash provided by operating activities	5,163,596	7,677,262
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment	(877,944)	(491,633)
Other receivable - related party	336,746	(336,937)
Net cash used in investing activities	(541,198)	(828,570)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend distribution		(5,307,500)
Proceeds from short-term loan	980,403
Due from shareholders	692,500	(692,500)
Change in restricted cash	(3,120,794)	0
Net proceeds from private placement	1,772,845	0
Net cash provided by (used in) financing activities	324,954	(6,000,000)
EFFECT OF EXCHANGE RATES CHANGES ON CASH	(3,895)	(18,293)
NET INCREASE IN CASH	4,943,457	830,399
CASH, BEGINNING OF THE YEAR	3,654,373	2,823,974
CASH, ENDING OF THE YEAR	8,597,830	$ 3,654,373
Non-cash financing activities
Warrants issued to placement agent in connection with the private placement	161,926
Prepaid stock issuance cost netted with proceeds from private placement	$ 239,105

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Jerash Holdings (US), Inc. (“Jerash Holdings”) is a corporation established under the laws of the State of Delaware on January 20, 2016. Jerash Holdings is a parent holding company with no operations. Global Trend Investment Limited (“GTI”) was a limited company that was incorporated in the British Virgin Islands (“BVI”) on July 5, 2000 and was owned by two individuals and a BVI corporation, Merlotte Enterprise Limited, which is wholly owned by Choi Lin Hung (“Mr. Choi”), the Company’s President, Chief Executive Officer, Chairman and Treasurer. Previously, GTI was wholly-owned by Wealth Choice Limited (“WCL”), a BVI corporation, and Mr. Choi is also one of the beneficial owners of WCL and its subsidiaries. In September 2016, WCL transferred its ownership in GTI and its subsidiaries to Merlotte Enterprise Limited and an individual shareholder, and in October 2016, the individual shareholder transferred approximately 22 Jerash Garments and Fashions Manufacturing Company Limited (“Jerash Garments”) is a wholly owned subsidiary of Jerash Holdings and was the wholly owned subsidiary of GTI prior to the Merger described below. Jerash Garments was established in Amman, the Hashemite Kingdom of Jordan (“Jordan”) as a limited liability company on November 26, 2000 with declared capital of 50,000 70,500 Jerash for Industrial Embroidery Company (“Jerash Embroidery”) and Chinese Garments and Fashions Manufacturing Company Limited (“Chinese Garments”) were both incorporated in Amman, Jordan as limited liability companies on March 11, 2013 and June 13, 2013, respectively, with declared capital of JOD 50,000 100 Victory Apparel (Jordan) Manufacturing Company Limited (“Victory Apparel”) was incorporated as a limited liability company in Amman, Jordan on September 18, 2005 with declared capital of JOD 50,000 Although Jerash Garments does not own the equity interest of Victory Apparel, the Group’s President, Chief Executive Officer, Chairman, Treasurer and significant shareholder, Mr. Choi, is also a director of Victory Apparel and controls all decision-making for Victory Apparel along with the Group’s other significant shareholder, Mr. Lee Kian Tjiauw, who have the ability to control Victory Apparel’s financial affairs. In addition, Victory Apparel's equity at risk is not sufficient to permit it to operate without additional subordinated financial support from Mr. Choi. Based on these facts, the Group concluded that Jerash Garments has effective control over Victory Apparel due to Mr. Choi’s roles at both organizations and therefore Victory Apparel is considered a Variable Interest Entity (“VIE”) under Accounting Standards Codification (“ASC”) 810-10-05-08A. Accordingly, Jerash Garments consolidates Victory Apparel’s operating results, assets and liabilities. Treasure Success International Limited (“Treasure Success”) was incorporated on July 5, 2016 in Hong Kong, China, and was wholly-owned by Mr. Choi, with the primary purpose to employ staff from China to support Jerash Garments' operations. On October 31, 2016, Mr. Choi transferred his 100 On May 11, 2017, the shareholders of GTI contributed 100% of their outstanding capital stock in GTI to Jerash Holdings in exchange for an aggregate of 8,787,500 712,500 0.001 The Merger was accounted for as a reverse recapitalization. Under reverse capitalization accounting, GTI is recognized as the accounting acquirer, and Jerash Holdings is the legal acquirer or accounting acquiree. As such, following the Merger, the historical financial statements of GTI and its subsidiaries are treated as the historical financial statements of the combined company. Consequently, the consolidated financial statements of Jerash Holdings reflect the operations of the accounting acquirer and a recapitalization of the equity of the accounting acquirer. Jerash Holdings, its subsidiaries and VIE (herein collectively referred to as the “Company”) are engaged in manufacturing customized ready-made outerwear from knitted fabric and exporting produced apparel for large brand-name retailers. The Company is diversifying the range of products to include additional pieces such as trousers and urban styling outerwear and different types of natural and synthetic materials and is also expanding its workforce in Jordan with workers from other countries, including Bangladesh, Sri Lanka, India, Myanmar and Nepal.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company’s consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The consolidated financial statements include the financial statements of GTI and its subsidiaries and VIE. All significant intercompany balances and transactions have been eliminated in consolidation. In accordance with accounting standards regarding the consolidation of variable interest entities, VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision-making ability. All VIEs with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIEs. The primary beneficiary is required to consolidate the VIE for financial reporting purposes. As described in Note 1, management of the Company has concluded that Victory Apparel is a VIE, and that Jerash Garments is considered the primary beneficiary because it absorbs the risks and rewards of Victory Apparel; therefore, GTI consolidates Victory Apparel for financial reporting purposes. No noncontrolling interests result from the consolidation of Victory Apparel, which is 100 March 31, 2018 March 31, 2017 Current assets $ 2,069 $ 2,096 Intercompany receivables* 311,527 321,317 Total assets 313,596 323,413 Third party current liabilities (3,992) (6,815) Total liabilities (3,992) (6,815) Net assets $ 309,604 $ 316,598 * Receivables from Jerash Garments are eliminated upon consolidation. Victory Apparel did not generate any income but incurred certain expenses for both years ended March 31, 2018 and 2017. The loss was $ 6,838 44,608 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. The Company considers all highly liquid investment instruments with an original maturity of three months or less from the original date of purchase to be cash equivalents. As of March 31, 2018, and 2017 Restricted cash consists of cash used as security deposits to obtain credit facilities for the Company from a bank and to secure custom clearance under the requirements of local regulations. The Company is required to keep certain amounts on deposit that are subject to withdrawal restrictions. These security deposits at the bank are refundable only when the bank facilities are terminated. The restricted cash is classified as a non-current asset since the Company has no intention to terminate these bank facilities within one year. Accounts receivable are recognized and carried at original invoiced amount less an estimated allowance for uncollectible accounts. The Company usually grants credit to customers with good credit standing for a maximum of 90 days and determines the adequacy of reserves for doubtful accounts based on individual account analysis and historical collection trends. The Company establishes a provision for doubtful receivables when there is objective evidence that the Company may not be able to collect amounts due. The allowance is based on management's best estimates of specific losses on individual exposures, as well as a provision on historical trends of collections. The provision is recorded against accounts receivables balances, with a corresponding charge recorded in the consolidated statements of income and comprehensive income. Actual amounts received may differ from management's estimate of credit worthiness and the economic environment. Delinquent account balances are written off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. No allowance was considered necessary as of March 31, 2018 and 2017. Inventories are stated at the lower of cost or net realizable value. Inventories include cost of raw materials, freight, direct labor and related production overhead. The cost of inventories is determined using the First in, First-out (“FIFO”) method. The Company periodically reviews its inventories for excess or slow-moving items and makes provisions as necessary to properly reflect inventory value. Property, plant and equipment are recorded at cost, reduced by accumulated depreciation and amortization. Depreciation and amortization expense related to property, plant and equipment is computed using the straight-line method based on estimated useful lives of the assets, or in the case of leasehold improvements, the shorter of the initial lease term or the estimated useful life of the improvements. The useful life and depreciation method are reviewed periodically to ensure that the method and period of depreciation are consistent with the expected pattern of economic benefits from items of property, plant and equipment. Useful life Land Infinite Property and buildings 15 years Equipment and machinery 3-5 years Office and electronic equipment 3-5 years Automobiles 5 years Leasehold improvements Lesser of useful life and lease term Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterments which substantially extend the useful life of assets are capitalized. The cost and related accumulated depreciation or amortization of assets retired or sold are removed from the respective accounts, and any gain or loss is recognized in the consolidated statements of income and comprehensive income. The Company assesses its long-lived assets, including property and equipment, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. Factors which may indicate potential impairment include a significant underperformance relative to the historical or projected future operating results or a significant negative industry or economic trend. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by that asset. If impairment is indicated, a loss is recognized for any excess of the carrying value over the estimated fair value of the asset. The fair value is estimated based on the discounted future cash flows or comparable market values, if available. The Company did not record any impairment loss during the years ended March 31, 2018 and 2017. Revenue from product sales is recognized, net of estimated provisions for sales allowances and returns, when the merchandise is shipped, and title is transferred. Revenue is recognized when all four of the following criteria are met: (i) persuasive evidence that an arrangement exists (sales agreements and customer purchase orders are used to determine the existence of an arrangement); (ii) delivery of goods has occurred and risks and benefits of ownership have been transferred (which is when the goods are received by the customer at its designated location in accordance with the sales terms); (iii) the sales price is both fixed and determinable, and (iv) collectability is reasonably assured. Most of the Company’s products are custom-made for large brand-name retailers. Historically, sales returns have been minimal. Proceeds collected from customers for shipping and handling costs are included in revenues. Shipping and handling costs are expensed as incurred and are included in operating expenses, as a part of selling, general and administrative expenses. Total shipping and handling expenses were $ 611,481 503,818 The Company is subject to income taxes on an entity basis on income arising in or derived from the tax jurisdiction in which each entity is domiciled. Jerash Holdings was incorporated in the State of Delaware and is subject to Federal income tax in the United States of America. GTI was incorporated in the BVI and is not subject to income taxes under the current laws of BVI. Treasure Success was registered in Hong Kong and has no operating profit for current tax liabilities. Jerash Garments, Jerash Embroidery, Chinese Garments and Victory Apparel are subject to the regulations of Income Tax Department in Jordan. The Jordanian corporate income tax rate is 14% for the industrial sector. In accordance with the Investment Encouragement Law, Jerash Garments' export sales to overseas customers is entitled to a 100% income tax exemption for a period of 10 years commencing from the first day of production. This exemption has been extended for 5 years until December 31, 2018. 1.8 1.5 0.18 0.17 Local sales of Jerash Garments are subject to income tax at a fixed rate of 14 The Company accounts for income taxes in accordance with ASC 740, “Income Taxes”, which requires the Company to use the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred income taxes are recognized for the tax consequences of temporary differences by applying enacted statutory tax rates applicable to future years to differences between financial statement carrying amounts and the tax bases of existing assets and liabilities and operating loss and tax credit carry forwards. Under this accounting standard, the effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all of, a deferred tax asset will not be realized. Deferred income taxes were immaterial, and accordingly, no deferred tax assets or liabilities were recognized as of March 31, 2018 and 2017. ASC 740 clarifies the accounting for uncertainty in tax positions. This interpretation requires that an entity recognizes in its financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of income tax expense in the consolidated statements of income and comprehensive income. Jordan income tax returns prior to 2015 are not subject to examination by any applicable tax authorities. No significant uncertainty in tax positions relating to income taxes have been incurred during the years ended March 31, 2018 and 2017. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (“Tax Act”). The Tax Act included a broad range of complex provisions impacting the taxation of multi-national companies. The Tax Act makes broad and complex changes to the U.S. corporate income tax system and includes a Transition Toll Tax (the “Transition Tax”), which is a one-time mandatory deemed repatriation tax on accumulated foreign subsidiaries’ previously untaxed foreign earnings. The Toll Charge will be paid over an eight-year period, starting in 2018, and will not accrue interest. The change has caused the Company to record a one-time income tax charge to be paid over 8 years. The Tax Act also imposed a global intangible low-taxed income tax (“GILTI”), which is a new tax on certain off-shore earnings at an effective rate of 10.5% for tax years beginning after December 31, 2017 (increasing to 13.125% for tax years beginning after December 31, 2025) with a partial offset for foreign tax credits. The reporting currency of the Company is the U.S. dollar (“US$”) and the Company uses the Jordanian Dinar (“JOD”) as its functional currency, except Treasure Success, which uses the Hong Kong Dollar (“HKD”) as its functional currency. The assets and liabilities of the Company have been translated into U.S. dollars using the exchange rates in effect at the balance sheet date, equity accounts have been translated at historical rates, and revenue and expenses have been translated into U.S. dollars using average exchange rates in effect during the reporting period. Cash flows are also translated at average translation rates for the periods, therefore, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated other comprehensive income (loss). Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. The value of JOD against US$ and other currencies may fluctuate and is affected by, among other things, changes in Jordan’s political and economic conditions. Any significant revaluation of JOD may materially affect the Company’s financial condition in terms of US$ reporting. March 31, 2018 March 31, 2017 Period-end spot rate US$1=JOD 0.7094 US$1=JOD 0.7090 US$1=HKD 7.8490 US$1=HKD 7.7700 Average rate US$1=JOD 0.7092 US$1=JOD 0.7086 US$1=HKD 7.8091 US$1=HKD7.7580 The Company measures compensation expense for stock-based awards to non-employee contractors and directors based upon the awards’ initial grant-date fair value. The estimated grant-date fair value of the award is recognized as expense over the requisite service period using the straight-line method. The fair value of awards to non-employees is then marked-to-market each reporting period until vesting criteria are met. The Company estimates the fair value of stock warrants using a Black-Scholes model. This model is affected by the Company's stock price on the date of the grant as well as assumptions regarding a number of highly complex and subjective variables. These variables include the expected term of the warrant, expected risk-free rates of return, the expected volatility of the Company's common stock, and expected dividend yield, each of which is more fully described below. The assumptions for expected term and expected volatility are the two assumptions that significantly affect the grant date fair value. ⋅ Expected Term: the expected term of a warrant is the period of time that the warrant is expected to be outstanding. ⋅ Risk-free Interest Rate: the Company bases the risk-free interest rate used in the Black-Scholes model on the implied yield at the grant date of the U.S. Treasury zero-coupon issued with an equivalent term to the stock-based award being valued. Where the expected term of a stock-based award does not correspond with the term for which a zero-coupon interest rate is quoted, the Company uses the nearest interest rate from the available maturities. ⋅ Expected Stock Price Volatility: the Company utilizes comparable public company volatility over the same period of time as the life of the warrant. ⋅ Dividend Yield: Because the Company's does not expect to pay a dividend in the foreseeable future, a 0 The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share” (“ASC 260”). ASC 260 requires companies with complex capital structures to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. There is no anti-dilutive effect for the years ended March 31, 2018 and 2017. Comprehensive income consists of two components, net income and other comprehensive income (loss). The foreign currency translation gain or loss resulting from translation of the financial statements expressed in JOD or HKD to US$ is reported in other comprehensive income (loss) in the consolidated statements of income and comprehensive income. ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: ⋅ Level 1 - Quoted prices in active markets for identical assets and liabilities. ⋅ Level 2 - Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ⋅ Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Company considers the recorded value of its financial assets and liabilities, which consist primarily of cash, including restricted cash, accounts receivable, other receivables, due from related parties, due from shareholders, accounts payable, accrued expenses, other payables and short-term loan to approximate the fair value of the respective assets and liabilities at March 31, 2018 and 2017 based upon the short-term nature of these assets and liabilities. Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. As of March 31, 2018, and 2017, $ 4,192,448 3,404,508 4,402,910 249,865 2,472 0 250,000 Customer and vendor concentration risk Prior to August 2016, substantially all of the Company’s sales were made to end-customers, through its affiliate (see Note 8), that are located primarily in the United States (see Note 10). Thereafter, the Company began selling directly to its customers. The Company’s operating results could be adversely affected by the 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 fiscal years ended March 31, 2018 and 2017, one customer accounted for 79 57 22 94 For the fiscal year ended March 31, 2018, the Company purchased approximately 43 18 64 24 78 22 96 A loss of either of these customers or suppliers could adversely affect the operating results or cash flows of the Company. The principal operations of the Company are located in Jordan. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in Jordan, as well as by the general state of the Jordanian economy. The Company’s operations in Jordan are subject to special considerations and significant risks not typically associated with companies in North America. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in Jordan. Although the Company has not experienced losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and structure disclosed in Note 1, this may not be indicative of future results.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Mar. 31, 2018
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS New Accounting Pronouncements Recently Adopted In July 2015, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2015-11, “Simplifying the Measurement of Inventory”. ASU No. 2015-11 changes the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value. Net realizable value is defined as the estimated selling prices in the ordinary course of business; less reasonably predictable costs of completion, disposal and transportation. For public business entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2016, including interim reporting periods within those fiscal years. The Company adopted this guidance in the first quarter of its fiscal year ended March 31, 2018 using a prospective application. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU 2016-09, “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” This update addresses several aspects of the accounting for share-based compensation transactions including: (a) income tax consequences when awards vest or are settled, (b) classification of awards as either equity or liabilities, (c) a policy election to account for forfeitures as they occur rather than on an estimated basis and (d) classification of excess tax impacts on the statement of cash flows. The Company adopted this guidance in the first quarter of its fiscal year ended March 31, 2018, which did not have a material impact on the consolidated financial statements and related disclosures. The amendments requiring recognition of excess tax benefits and tax deficiencies in the income statement will be applied prospectively. The Company does not expect the impact to be material to the consolidated results of operations; however, such determination is subject to change based on facts and circumstances at the time when awards vest or settle. New Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either the retrospective or cumulative effect transition method. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. In August 2015, the FASB issued ASU No. 2015-14, “Deferral of the Effective Date” (“ASU 2015-14”), which defers the effective date for ASU 2014-09 by one year. For public entities, the guidance in ASU 2014-09 will be effective for annual reporting periods beginning after December 15, 2017 (including interim reporting periods within those periods), and for all other entities, ASU 2014-09 will be effective for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. In March 2016, the FASB issued ASU No. 2016-08, “Principal versus Agent Considerations (Reporting Revenue versus Net)” (“ASU 2016-08”), which clarifies the implementation guidance on principal versus agent considerations in the new revenue recognition standard. In April 2016, the FASB issued ASU No. 2016-10, “Identifying Performance Obligations and Licensing” (“ASU 2016-10”), which reduces the complexity when applying the guidance for identifying performance obligations and improves the operability and understandability of the license implementation guidance. In May 2016, the FASB issued ASU No. 2016-12 “Narrow-Scope Improvements and Practical Expedients” (“ASU 2016-12”), which amends the guidance on transition, collectability, noncash consideration and the presentation of sales and other similar taxes. Preliminarily, the Company plans to adopt Topic 606 using the retrospective transition method and is continuing to evaluate the impact its pending adoption of Topic 606 will have on its consolidated financial statements. The Company believes that its current revenue recognition policies are generally consistent with the new revenue recognition standards set forth in ASU 2014-09. Potential adjustments to input measures are not expected to be pervasive to the majority of the Company’s contracts. While no significant impact is expected upon adoption of the new guidance, the Company will not be able to make that determination until the time of adoption based upon outstanding contracts at that time. The Company will adopt this pronouncement for the year ending March 31, 2019 and all interim periods within. In February 2016, the FASB issued ASU No. 2016-02, "Leases” to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet with a corresponding liability and disclosing key information about leasing arrangements. For public business entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim reporting periods within those fiscal years. For all other entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2019, and interim reporting periods within fiscal years beginning after December 15, 2020. Early adoption is permitted. The Company is evaluating the impact of the adoption of this revised guidance on its consolidated financial statements and related disclosures. In October 2016, the FASB issued ASU No. 2016-17, “Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control”. The amendments affect reporting entities that are required to evaluate whether they should consolidate a variable interest entity in certain situations involving entities under common control. Specifically, the amendments change the evaluation of whether a reporting entity is the primary beneficiary of a variable interest entity by changing how a reporting entity that is a single decision maker of a variable interest entity treats indirect interests in the entity held through related parties that are under common control with the reporting entity. The amendments are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2016, and interim reporting periods within fiscal years beginning after December 15, 2017. Early adoption is permitted. The Company does not expect that adoption of this guidance will have a material impact on its consolidated financial statements and related disclosures. In November 2016, the FASB issued ASU No. 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash", which requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this ASU apply to all entities that have restricted cash or restricted cash equivalents and are required to present a statement of cash flows under Topic 230. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted. The amendments should be applied using a retrospective transition method to each period presented. The adoption of this guidance will increase cash and cash equivalents by the amount of the restricted cash on the Company's consolidated statement of cash flows. In February 2017, the FASB issued ASU No. 2017-05, “Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets” to clarify the scope of Subtopic 610-20 and to add guidance for partial sales of nonfinancial assets. Subtopic 610-20, which was issued in May 2014 as a part of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), provides guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with noncustomers. For public entities, the amendments are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. For all other entities, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. The Company does not expect that adoption of this guidance will have a material impact on its consolidated financial statements and related disclosures. In May 2017, the FASB issued ASU 2017-09, “Scope of Modification Accounting”, which amends the scope of modification accounting for share-based payment arrangements, provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under ASC 718. For all entities, the ASU is effective for annual reporting periods, including interim periods within those annual reporting periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period. The Company does not expect that adoption of this guidance will have a material impact on its consolidated financial statements and related disclosures.

ACCOUNTS RECEIVABLES, NET

ACCOUNTS RECEIVABLES, NET	12 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Financing Receivables [Text Block]	NOTE 4 – ACCOUNTS RECEIVABLES, NET As of As of March 31, 2018 March 31, 2017 Trade accounts receivable $ 5,247,090 $ 2,776,314 Less: allowances for doubtful accounts - - Accounts receivables, Net $ 5,247,090 $ 2,776,314 As of March 31, 2018, the balance of accounts receivable also include $470,659 of the factored account receivable to be received from Hong Kong and Shanghai Banking Corporation (“HSBC”) under the Factoring Agreement. There was no balance from the factored accounts receivable from HSBC as of March 31, 2017.

INVENTORIES

INVENTORIES	12 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	NOTE 5 – INVENTORIES As of As of March 31, 2018 March 31, 2017 Raw materials $ 11,497,237 $ 9,265,201 Work-in-progress 2,073,509 1,493,258 Finished goods 6,722,646 8,393,150 Total inventory $ 20,293,392 $ 19,151,609

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 6 – PROPERTY, PLANT AND EQUIPMENT, NET As of As of Land $ 61,048 $ 61,078 Property and buildings 432,347 432,562 Equipment and machinery 4,918,270 4,370,095 Office and electric equipment 505,356 472,918 Automobiles 372,084 302,714 Leasehold improvements 1,552,108 1,358,649 Subtotal 7,841,213 6,998,016 Construction in progress 217,494 206,246 Less: Accumulated Depreciation and Amortization (5,238,992) (4,044,020) Property, Plant and Equipment, Net $ 2,819,715 $ 3,160,242 Depreciation and amortization expense was $ 1,216,973 1,322,946 Construction in progress represents costs of the Company’s two sewing workshops; the first one is a 450 5,000

EQUITY

EQUITY	12 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 7 – Preferred Stock The Company has 500,000 0.001 Statutory Reserve In accordance with the Corporate Law in Jordan, Jerash Garments, Jerash Embroidery, Chinese Garments and Victory Apparel are required to make appropriations to certain reserve funds, based on net income determined in accordance with generally accepted accounting principles of Jordan. 71,699 Private placement On May 15, 2017, the Company conducted the initial closing of a private placement for the sale of an aggregate of 540,000 54,000 270,000 4.99 270,000 0.01 6.25 1,352,700 379,828 On August 18, 2017, the Company conducted the second closing of a private placement, pursuant to which an aggregate of 200,000 20,000 100,000 4.99 100,000 0.01 6.25 450,910 On September 27, 2017, the Company conducted the third and final closing of a private placement, pursuant to which an aggregate of 50,000 5,000 25,000 4.99 25,000 0.01 6.25 110,179 Warrants issued for services From time to time, the Company issues warrants to purchase its common stock. These warrants are valued using a Black-Scholes model and using the volatility, market price, exercise price, risk-free interest rate and dividend yield appropriate at the date the warrants were issued. On May 15, 2017, Jerash Holdings issued warrants to the designees of the placement agent in the above private placement to purchase 48,600 6.25 5.50 107,990 On May 15, 2017, Jerash Holdings also issued a five-year warrant to purchase up to 50,000 5.00 116,578 0 On August 1, 2017, warrants to purchase 18,000 6.25 5.50 43,122 On September 27, 2017, warrants to purchase 4,500 6.25 5.50 10,814 During the year ended March 31, 2018, all of the outstanding warrants were fully vested and exercisable. Common Stock Warrants Expected term (in years) 5.0 Risk-free interest rate (%) 1.80% - 1.90 % Expected volatility (%) 52.2 % Dividend yield (%) 0.0 % Shares Weighted Average Warrants outstanding at March 31, 2017 - - Granted 207,210 $ 5.69 Exercised - - Cancelled - - Warrants outstanding at March 31, 2018 207,210 $ 5.69

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 8 – RELATED PARTY TRANSACTIONS Name of Related Party Relationship Nature Ford Glory International Limited, or FGIL Affiliate, subsidiary of FGH Sales / Purchases Value Plus (Macao Commercial Offshore) Limited (“VPMCO”) Affiliate, subsidiary of FGH Purchases Wealth Choice Limited, or WCL Shareholder of Victory Apparel Working Capital Advances Yukwise Limited (“Yukwise”) Wholly-owned by Mr. Choi Consulting Services Multi-Glory Corporation Limited (“Multi-Glory”) Wholly-owned by a Significant Stockholder Consulting Services Pursuant to the terms of a sale and purchase agreement between one of the Company’s current individual shareholders and Victory City Investments Limited, the ultimate 51 Related party balances: a. Accounts receivable – related party: Accounts receivable from related party in connection with the collection of accounts receivable from end-customers on behalf of the Company due to the support arrangement during the transition period consisted of the following: As of As of FGIL $ 50,027 $ 2,343,892 b. Other receivables – related party: As of As of WCL $ - $ 336,746 The balance due from WCL was interest-free and due upon demand. The balance as of March 31, 2017 was fully collected from WCL on June 15, 2017. c. Due from shareholders: As of As of Two individual shareholders $ - $ 353,175 Merlotte Enterprise Limited - 339,325 $ - $ 692,500 The balance as of March 31, 2017 was fully collected from shareholders on May 8, 2017. Related party transactions: a. Sales to related party: Prior to August 2016, the Company sold merchandise to end-customers through its affiliate during the ordinary course of business. The sales made to related party consisted of the following: For the years ended March 31, 2018 2017 Ford Glory $ - $ 23,350,919 Pursuant to the Sale and Purchase Agreement, the Company has all rights, interests and benefits of the sales agreements signed with end-customers since August 2016, together with the costs and obligations of those agreements all belong to the Company. During the transition period, the Company’s affiliate supported the Company to complete the transition with no additional fees charged. For the years ended March 31, 2018 and 2017, $ 43,997,617 32,646,365 b. Purchases from related parties: Before August 2016, the Company periodically purchased merchandise or raw materials from its affiliates during the ordinary course of business. The purchases from related parties consisted of the following: For the years ended March 31, 2018 2017 VPMCO $ - $ 5,161,134 Ford Glory - 919,459 $ - $ 6,080,593 For the year ended March 31, 2017, $ 2,162,525 562,644 c. Consulting agreements On January 16, 2018, an agreement was made between Treasure Success and Multi-Glory where Ng Tsze Lun, a significant stockholder of the Company, provides the marketing services and advisory to the Company. The agreement amounted to $ 300,000 75,000 On January 12, 2018, an agreement was made between Treasure Success and Yukwise where Mr. Choi will provide principle executive and general management services to the Company. The agreement amounted to $ 300,000 75,000 d. Personal Guarantees Borrowings under the Senior Credit Facility, as defined below, with HSBC are collateralized by the personal guarantees by Mr. Choi and Mr. Ng Tsze Lun.

CREDIT FACILITIES

CREDIT FACILITIES	12 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 9 – CREDIT FACILITIES Pursuant to a letter agreement dated May 29, 2017, Treasure Success entered into an $ 8,000,000 12,000,000 3,000,000 1.5 1.5 980,195

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 10 – SEGMENT REPORTING ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of the Company’s products. The Company’s major product is outerwear. For the years ended March 31, 2018 and 2017, outerwear accounted for approximately 89.5 90.4 For the years ended March 31, 2018 March 31, 2017 United States $ 61,238,605 $ 55,778,784 Jordan 7,267,732 5,968,607 Other countries 789,361 293,198 Total $ 69,295,698 $ 62,040,589 All long-lived assets were located in Jordan as of March 31, 2018 and 2017.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 11 – COMMITMENTS AND CONTINGENCIES Rent Commitment The Company leases two manufacturing facilities under operating leases. Operating lease expense amounted to $ 1,274,606 1,143,252 Twelve months ended March 31, 2018 $ 781,166 2019 35,925 2020 and thereafter - Total $ 817,091 The Company has twenty-four operating leases for its facilities that require monthly payments ranging between $ 247 26,945 Contingencies From time to time, the Company is a party to various legal actions arising in the ordinary course of business. The Company accrues costs associated with these matters when they become probable and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. The Company’s management does not expect any liability from the disposition of such claims and litigation individually or in the aggregate to have a material adverse impact on the Company’s consolidated financial position, results of operations and cash flows.

INCOME TAX

INCOME TAX	12 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 12 – INCOME TAX On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (“Tax Act”). The Tax Act included a broad range of complex provisions impacting the taxation of multi-national companies. The Tax Act makes broad and complex changes to the U.S. corporate income tax system and includes a Transition Toll Tax (the “Transition Tax”), which is a one-time mandatory deemed repatriation tax on accumulated foreign subsidiaries’ previously untaxed foreign earnings. The Toll Charge will be paid over an eight-year period, starting in 2018, and will not accrue interest. The Tax Act also imposed a global intangible low-taxed income tax (“GILTI”), which is a new tax on certain off-shore earnings at an effective rate of 10.5% for tax years beginning after December 31, 2017 (increasing to 13.125% for tax years beginning after December 31, 2025) with a partial offset for foreign tax credits. Generally, accounting for the impacts of newly enacted tax legislation is required to be completed in the period of enactment, however in response to the complexities and ambiguity surrounding the Tax Act, the SEC released Staff Accounting Bulletin No. 118 (“SAB 118”) to provide companies with relief around the initial accounting for the Tax Act. Pursuant to SAB 118, the SEC has provided a one-year measurement period for companies to analyze and finalize accounting for the Tax Act. During the one-year measurement period, SAB 118 allows companies to recognize provisional amounts when reasonable estimates can be made for the impacts resulting from the Tax Act. Jerash will finalize accounting for the Tax Act during the one-year measurement period, and any adjustments to the provisional amounts will be included in income tax expense or benefit in the appropriate period, and disclosed if material, in accordance with guidance provided by SAB 118. While our accounting for the Tax Act is not complete, we have recognized a provisional charge (based on information available as of June 4, 2018) of approximately $ 1.4 The income tax payable attributable to the Transition Tax is due over an eight-year period beginning in 2018. At March 31, 2018, an income tax payable of $ 1.4 The Tax Act has significant complexity and our final tax liability may materially differ from provisional estimates due to additional guidance and regulations that may be issued by the U.S. Treasury Department, the Internal Revenue Service (“IRS”) and state and local tax authorities, and for Jerash’s finalization of the relevant calculations required by the new tax legislation. Jerash continues to analyze the provisions of the Tax Act which are effective after December 30, 2017, including but not limited to certain global intangible low-tax income (“GILTI”) from foreign operations. Under GAAP, companies are allowed to make an accounting policy election to either treat taxes resulting from GILTI as a current-period expense when they are incurred or factor such amounts into the measurement of deferred taxes. The Company has not completed its analysis of the effects of the GILTI provisions and will further consider the accounting policy election within the measurement period as provided under SAB 118.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 13 – SUBSEQUENT EVENTS Initial Public Offering The registration statement on Form S-1 (File No. 333-222596) for the Company’s IPO was declared effective on March 14, 2018. On May 2, 2018 the Company issued 1,430,000 10,010,000 477,341 250,200 352,159 8,930,300 Independent Board of Directors Simultaneous with the closing of the IPO, the Company increased the size of Board of Directors from two to five members and elected three new independent directors who will hold office until the next annual meeting of stockholders. The Company approved an audit committee charter and formed an audit committee of the Board of Directors, whose chair is an “audit committee financial expert.” IPO Underwriter Warrants Simultaneous with the closing of the IPO, the Company issued to the underwriter and its affiliates warrants to purchase 57,200 8.75 May 2, 2023 Stock Incentive Plan On March 21, 2018 the board of directors (the “board”) of Jerash Holdings adopted the Jerash Holdings 2018 Stock Incentive Plan (the “Plan”), pursuant to which the Company may grant various types of equity awards. Under the Plan, and 1,484,250 989,500 7.00 The Company has evaluated subsequent events through June 28, 2018, the date on which the financial statements were available to be issued.

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis Of Presentation And Principles Of Consolidation [Policy Text Block]	Basis of Presentation and Principles of Consolidation The Company’s consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The consolidated financial statements include the financial statements of GTI and its subsidiaries and VIE. All significant intercompany balances and transactions have been eliminated in consolidation. In accordance with accounting standards regarding the consolidation of variable interest entities, VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision-making ability. All VIEs with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIEs. The primary beneficiary is required to consolidate the VIE for financial reporting purposes. As described in Note 1, management of the Company has concluded that Victory Apparel is a VIE, and that Jerash Garments is considered the primary beneficiary because it absorbs the risks and rewards of Victory Apparel; therefore, GTI consolidates Victory Apparel for financial reporting purposes. No noncontrolling interests result from the consolidation of Victory Apparel, which is 100 March 31, 2018 March 31, 2017 Current assets $ 2,069 $ 2,096 Intercompany receivables* 311,527 321,317 Total assets 313,596 323,413 Third party current liabilities (3,992) (6,815) Total liabilities (3,992) (6,815) Net assets $ 309,604 $ 316,598 * Receivables from Jerash Garments are eliminated upon consolidation. Victory Apparel did not generate any income but incurred certain expenses for both years ended March 31, 2018 and 2017. The loss was $ 6,838 44,608
Use of Estimates, Policy [Policy Text Block]	Use of Estimates 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.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash The Company considers all highly liquid investment instruments with an original maturity of three months or less from the original date of purchase to be cash equivalents. As of March 31, 2018, and 2017
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash Restricted cash consists of cash used as security deposits to obtain credit facilities for the Company from a bank and to secure custom clearance under the requirements of local regulations. The Company is required to keep certain amounts on deposit that are subject to withdrawal restrictions. These security deposits at the bank are refundable only when the bank facilities are terminated. The restricted cash is classified as a non-current asset since the Company has no intention to terminate these bank facilities within one year.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Accounts Receivable Accounts receivable are recognized and carried at original invoiced amount less an estimated allowance for uncollectible accounts. The Company usually grants credit to customers with good credit standing for a maximum of 90 days and determines the adequacy of reserves for doubtful accounts based on individual account analysis and historical collection trends. The Company establishes a provision for doubtful receivables when there is objective evidence that the Company may not be able to collect amounts due. The allowance is based on management's best estimates of specific losses on individual exposures, as well as a provision on historical trends of collections. The provision is recorded against accounts receivables balances, with a corresponding charge recorded in the consolidated statements of income and comprehensive income. Actual amounts received may differ from management's estimate of credit worthiness and the economic environment. Delinquent account balances are written off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. No allowance was considered necessary as of March 31, 2018 and 2017.
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of cost or net realizable value. Inventories include cost of raw materials, freight, direct labor and related production overhead. The cost of inventories is determined using the First in, First-out (“FIFO”) method. The Company periodically reviews its inventories for excess or slow-moving items and makes provisions as necessary to properly reflect inventory value.
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment Property, plant and equipment are recorded at cost, reduced by accumulated depreciation and amortization. Depreciation and amortization expense related to property, plant and equipment is computed using the straight-line method based on estimated useful lives of the assets, or in the case of leasehold improvements, the shorter of the initial lease term or the estimated useful life of the improvements. The useful life and depreciation method are reviewed periodically to ensure that the method and period of depreciation are consistent with the expected pattern of economic benefits from items of property, plant and equipment. Useful life Land Infinite Property and buildings 15 years Equipment and machinery 3-5 years Office and electronic equipment 3-5 years Automobiles 5 years Leasehold improvements Lesser of useful life and lease term Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterments which substantially extend the useful life of assets are capitalized. The cost and related accumulated depreciation or amortization of assets retired or sold are removed from the respective accounts, and any gain or loss is recognized in the consolidated statements of income and comprehensive income.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets The Company assesses its long-lived assets, including property and equipment, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. Factors which may indicate potential impairment include a significant underperformance relative to the historical or projected future operating results or a significant negative industry or economic trend. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by that asset. If impairment is indicated, a loss is recognized for any excess of the carrying value over the estimated fair value of the asset. The fair value is estimated based on the discounted future cash flows or comparable market values, if available. The Company did not record any impairment loss during the years ended March 31, 2018 and 2017.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenue from product sales is recognized, net of estimated provisions for sales allowances and returns, when the merchandise is shipped, and title is transferred. Revenue is recognized when all four of the following criteria are met: (i) persuasive evidence that an arrangement exists (sales agreements and customer purchase orders are used to determine the existence of an arrangement); (ii) delivery of goods has occurred and risks and benefits of ownership have been transferred (which is when the goods are received by the customer at its designated location in accordance with the sales terms); (iii) the sales price is both fixed and determinable, and (iv) collectability is reasonably assured. Most of the Company’s products are custom-made for large brand-name retailers. Historically, sales returns have been minimal.
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Proceeds collected from customers for shipping and handling costs are included in revenues. Shipping and handling costs are expensed as incurred and are included in operating expenses, as a part of selling, general and administrative expenses. Total shipping and handling expenses were $ 611,481 503,818
Income Tax, Policy [Policy Text Block]	Income Taxes The Company is subject to income taxes on an entity basis on income arising in or derived from the tax jurisdiction in which each entity is domiciled. Jerash Holdings was incorporated in the State of Delaware and is subject to Federal income tax in the United States of America. GTI was incorporated in the BVI and is not subject to income taxes under the current laws of BVI. Treasure Success was registered in Hong Kong and has no operating profit for current tax liabilities. Jerash Garments, Jerash Embroidery, Chinese Garments and Victory Apparel are subject to the regulations of Income Tax Department in Jordan. The Jordanian corporate income tax rate is 14% for the industrial sector. In accordance with the Investment Encouragement Law, Jerash Garments' export sales to overseas customers is entitled to a 100% income tax exemption for a period of 10 years commencing from the first day of production. This exemption has been extended for 5 years until December 31, 2018. 1.8 1.5 0.18 0.17 Local sales of Jerash Garments are subject to income tax at a fixed rate of 14 The Company accounts for income taxes in accordance with ASC 740, “Income Taxes”, which requires the Company to use the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred income taxes are recognized for the tax consequences of temporary differences by applying enacted statutory tax rates applicable to future years to differences between financial statement carrying amounts and the tax bases of existing assets and liabilities and operating loss and tax credit carry forwards. Under this accounting standard, the effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all of, a deferred tax asset will not be realized. Deferred income taxes were immaterial, and accordingly, no deferred tax assets or liabilities were recognized as of March 31, 2018 and 2017. ASC 740 clarifies the accounting for uncertainty in tax positions. This interpretation requires that an entity recognizes in its financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of income tax expense in the consolidated statements of income and comprehensive income. Jordan income tax returns prior to 2015 are not subject to examination by any applicable tax authorities. No significant uncertainty in tax positions relating to income taxes have been incurred during the years ended March 31, 2018 and 2017. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (“Tax Act”). The Tax Act included a broad range of complex provisions impacting the taxation of multi-national companies. The Tax Act makes broad and complex changes to the U.S. corporate income tax system and includes a Transition Toll Tax (the “Transition Tax”), which is a one-time mandatory deemed repatriation tax on accumulated foreign subsidiaries’ previously untaxed foreign earnings. The Toll Charge will be paid over an eight-year period, starting in 2018, and will not accrue interest. The change has caused the Company to record a one-time income tax charge to be paid over 8 years. The Tax Act also imposed a global intangible low-taxed income tax (“GILTI”), which is a new tax on certain off-shore earnings at an effective rate of 10.5% for tax years beginning after December 31, 2017 (increasing to 13.125% for tax years beginning after December 31, 2025) with a partial offset for foreign tax credits.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation The reporting currency of the Company is the U.S. dollar (“US$”) and the Company uses the Jordanian Dinar (“JOD”) as its functional currency, except Treasure Success, which uses the Hong Kong Dollar (“HKD”) as its functional currency. The assets and liabilities of the Company have been translated into U.S. dollars using the exchange rates in effect at the balance sheet date, equity accounts have been translated at historical rates, and revenue and expenses have been translated into U.S. dollars using average exchange rates in effect during the reporting period. Cash flows are also translated at average translation rates for the periods, therefore, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated other comprehensive income (loss). Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. The value of JOD against US$ and other currencies may fluctuate and is affected by, among other things, changes in Jordan’s political and economic conditions. Any significant revaluation of JOD may materially affect the Company’s financial condition in terms of US$ reporting. March 31, 2018 March 31, 2017 Period-end spot rate US$1=JOD 0.7094 US$1=JOD 0.7090 US$1=HKD 7.8490 US$1=HKD 7.7700 Average rate US$1=JOD 0.7092 US$1=JOD 0.7086 US$1=HKD 7.8091 US$1=HKD7.7580
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The Company measures compensation expense for stock-based awards to non-employee contractors and directors based upon the awards’ initial grant-date fair value. The estimated grant-date fair value of the award is recognized as expense over the requisite service period using the straight-line method. The fair value of awards to non-employees is then marked-to-market each reporting period until vesting criteria are met. The Company estimates the fair value of stock warrants using a Black-Scholes model. This model is affected by the Company's stock price on the date of the grant as well as assumptions regarding a number of highly complex and subjective variables. These variables include the expected term of the warrant, expected risk-free rates of return, the expected volatility of the Company's common stock, and expected dividend yield, each of which is more fully described below. The assumptions for expected term and expected volatility are the two assumptions that significantly affect the grant date fair value. ⋅ Expected Term: the expected term of a warrant is the period of time that the warrant is expected to be outstanding. ⋅ Risk-free Interest Rate: the Company bases the risk-free interest rate used in the Black-Scholes model on the implied yield at the grant date of the U.S. Treasury zero-coupon issued with an equivalent term to the stock-based award being valued. Where the expected term of a stock-based award does not correspond with the term for which a zero-coupon interest rate is quoted, the Company uses the nearest interest rate from the available maturities. ⋅ Expected Stock Price Volatility: the Company utilizes comparable public company volatility over the same period of time as the life of the warrant. ⋅ Dividend Yield: Because the Company's does not expect to pay a dividend in the foreseeable future, a 0
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share” (“ASC 260”). ASC 260 requires companies with complex capital structures to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. There is no anti-dilutive effect for the years ended March 31, 2018 and 2017.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income Comprehensive income consists of two components, net income and other comprehensive income (loss). The foreign currency translation gain or loss resulting from translation of the financial statements expressed in JOD or HKD to US$ is reported in other comprehensive income (loss) in the consolidated statements of income and comprehensive income.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: ⋅ Level 1 - Quoted prices in active markets for identical assets and liabilities. ⋅ Level 2 - Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ⋅ Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Company considers the recorded value of its financial assets and liabilities, which consist primarily of cash, including restricted cash, accounts receivable, other receivables, due from related parties, due from shareholders, accounts payable, accrued expenses, other payables and short-term loan to approximate the fair value of the respective assets and liabilities at March 31, 2018 and 2017 based upon the short-term nature of these assets and liabilities.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations and Credit Risk Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. As of March 31, 2018, and 2017, $ 4,192,448 3,404,508 4,402,910 249,865 2,472 0 250,000 Customer and vendor concentration risk Prior to August 2016, substantially all of the Company’s sales were made to end-customers, through its affiliate (see Note 8), that are located primarily in the United States (see Note 10). Thereafter, the Company began selling directly to its customers. The Company’s operating results could be adversely affected by the 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 fiscal years ended March 31, 2018 and 2017, one customer accounted for 79 57 22 94 For the fiscal year ended March 31, 2018, the Company purchased approximately 43 18 64 24 78 22 96 A loss of either of these customers or suppliers could adversely affect the operating results or cash flows of the Company.
Risks and Uncertainties [Policy Text Block]	Risks and Uncertainties The principal operations of the Company are located in Jordan. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in Jordan, as well as by the general state of the Jordanian economy. The Company’s operations in Jordan are subject to special considerations and significant risks not typically associated with companies in North America. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in Jordan. Although the Company has not experienced losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and structure disclosed in Note 1, this may not be indicative of future results.
New Accounting Pronouncements, Policy [Policy Text Block]	The Company considers the applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards that are issued. New Accounting Pronouncements Recently Adopted In July 2015, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2015-11, “Simplifying the Measurement of Inventory”. ASU No. 2015-11 changes the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value. Net realizable value is defined as the estimated selling prices in the ordinary course of business; less reasonably predictable costs of completion, disposal and transportation. For public business entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2016, including interim reporting periods within those fiscal years. The Company adopted this guidance in the first quarter of its fiscal year ended March 31, 2018 using a prospective application. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU 2016-09, “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” This update addresses several aspects of the accounting for share-based compensation transactions including: (a) income tax consequences when awards vest or are settled, (b) classification of awards as either equity or liabilities, (c) a policy election to account for forfeitures as they occur rather than on an estimated basis and (d) classification of excess tax impacts on the statement of cash flows. The Company adopted this guidance in the first quarter of its fiscal year ended March 31, 2018, which did not have a material impact on the consolidated financial statements and related disclosures. The amendments requiring recognition of excess tax benefits and tax deficiencies in the income statement will be applied prospectively. The Company does not expect the impact to be material to the consolidated results of operations; however, such determination is subject to change based on facts and circumstances at the time when awards vest or settle. New Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either the retrospective or cumulative effect transition method. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. In August 2015, the FASB issued ASU No. 2015-14, “Deferral of the Effective Date” (“ASU 2015-14”), which defers the effective date for ASU 2014-09 by one year. For public entities, the guidance in ASU 2014-09 will be effective for annual reporting periods beginning after December 15, 2017 (including interim reporting periods within those periods), and for all other entities, ASU 2014-09 will be effective for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. In March 2016, the FASB issued ASU No. 2016-08, “Principal versus Agent Considerations (Reporting Revenue versus Net)” (“ASU 2016-08”), which clarifies the implementation guidance on principal versus agent considerations in the new revenue recognition standard. In April 2016, the FASB issued ASU No. 2016-10, “Identifying Performance Obligations and Licensing” (“ASU 2016-10”), which reduces the complexity when applying the guidance for identifying performance obligations and improves the operability and understandability of the license implementation guidance. In May 2016, the FASB issued ASU No. 2016-12 “Narrow-Scope Improvements and Practical Expedients” (“ASU 2016-12”), which amends the guidance on transition, collectability, noncash consideration and the presentation of sales and other similar taxes. Preliminarily, the Company plans to adopt Topic 606 using the retrospective transition method and is continuing to evaluate the impact its pending adoption of Topic 606 will have on its consolidated financial statements. The Company believes that its current revenue recognition policies are generally consistent with the new revenue recognition standards set forth in ASU 2014-09. Potential adjustments to input measures are not expected to be pervasive to the majority of the Company’s contracts. While no significant impact is expected upon adoption of the new guidance, the Company will not be able to make that determination until the time of adoption based upon outstanding contracts at that time. The Company will adopt this pronouncement for the year ending March 31, 2019 and all interim periods within. In February 2016, the FASB issued ASU No. 2016-02, "Leases” to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet with a corresponding liability and disclosing key information about leasing arrangements. For public business entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim reporting periods within those fiscal years. For all other entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2019, and interim reporting periods within fiscal years beginning after December 15, 2020. Early adoption is permitted. The Company is evaluating the impact of the adoption of this revised guidance on its consolidated financial statements and related disclosures. In October 2016, the FASB issued ASU No. 2016-17, “Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control”. The amendments affect reporting entities that are required to evaluate whether they should consolidate a variable interest entity in certain situations involving entities under common control. Specifically, the amendments change the evaluation of whether a reporting entity is the primary beneficiary of a variable interest entity by changing how a reporting entity that is a single decision maker of a variable interest entity treats indirect interests in the entity held through related parties that are under common control with the reporting entity. The amendments are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2016, and interim reporting periods within fiscal years beginning after December 15, 2017. Early adoption is permitted. The Company does not expect that adoption of this guidance will have a material impact on its consolidated financial statements and related disclosures. In November 2016, the FASB issued ASU No. 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash", which requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this ASU apply to all entities that have restricted cash or restricted cash equivalents and are required to present a statement of cash flows under Topic 230. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted. The amendments should be applied using a retrospective transition method to each period presented. The adoption of this guidance will increase cash and cash equivalents by the amount of the restricted cash on the Company's consolidated statement of cash flows. In February 2017, the FASB issued ASU No. 2017-05, “Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets” to clarify the scope of Subtopic 610-20 and to add guidance for partial sales of nonfinancial assets. Subtopic 610-20, which was issued in May 2014 as a part of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), provides guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with noncustomers. For public entities, the amendments are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. For all other entities, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. The Company does not expect that adoption of this guidance will have a material impact on its consolidated financial statements and related disclosures. In May 2017, the FASB issued ASU 2017-09, “Scope of Modification Accounting”, which amends the scope of modification accounting for share-based payment arrangements, provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under ASC 718. For all entities, the ASU is effective for annual reporting periods, including interim periods within those annual reporting periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period. The Company does not expect that adoption of this guidance will have a material impact on its consolidated financial statements and related disclosures.

SUMMARY OF SIGNIFICANT ACCOUN22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Schedule of Variable Interest Entities [Table Text Block]	March 31, 2018 March 31, 2017 Current assets $ 2,069 $ 2,096 Intercompany receivables* 311,527 321,317 Total assets 313,596 323,413 Third party current liabilities (3,992) (6,815) Total liabilities (3,992) (6,815) Net assets $ 309,604 $ 316,598 * Receivables from Jerash Garments are eliminated upon consolidation.
Schedule of Depreciation and Amortization Expense Related to Property, Plant and Equipment [Table Text Block]	The estimated useful lives of depreciation and amortization of the principal classes of assets are as follows: Useful life Land Infinite Property and buildings 15 years Equipment and machinery 3-5 years Office and electronic equipment 3-5 years Automobiles 5 years Leasehold improvements Lesser of useful life and lease term
Schedule of Differences between Reported Amount and Reporting Currency Denominated Amount [Table Text Block]	The following table outlines the currency exchange rates that were used in creating the consolidated financial statements in this report: March 31, 2018 March 31, 2017 Period-end spot rate US$1=JOD 0.7094 US$1=JOD 0.7090 US$1=HKD 7.8490 US$1=HKD 7.7700 Average rate US$1=JOD 0.7092 US$1=JOD 0.7086 US$1=HKD 7.8091 US$1=HKD7.7580

ACCOUNTS RECEIVABLES, NET (Tabl

ACCOUNTS RECEIVABLES, NET (Tables)	12 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	The Company’s net accounts receivable is as follows: As of As of March 31, 2018 March 31, 2017 Trade accounts receivable $ 5,247,090 $ 2,776,314 Less: allowances for doubtful accounts - - Accounts receivables, Net $ 5,247,090 $ 2,776,314

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consisted of the following: As of As of March 31, 2018 March 31, 2017 Raw materials $ 11,497,237 $ 9,265,201 Work-in-progress 2,073,509 1,493,258 Finished goods 6,722,646 8,393,150 Total inventory $ 20,293,392 $ 19,151,609

PROPERTY, PLANT AND EQUIPMENT25

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment, net consisted of the following: As of As of Land $ 61,048 $ 61,078 Property and buildings 432,347 432,562 Equipment and machinery 4,918,270 4,370,095 Office and electric equipment 505,356 472,918 Automobiles 372,084 302,714 Leasehold improvements 1,552,108 1,358,649 Subtotal 7,841,213 6,998,016 Construction in progress 217,494 206,246 Less: Accumulated Depreciation and Amortization (5,238,992) (4,044,020) Property, Plant and Equipment, Net $ 2,819,715 $ 3,160,242

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	The fair value of these warrants granted was estimated as of the grant date using the Black-Scholes model with the following assumptions: Common Stock Warrants Expected term (in years) 5.0 Risk-free interest rate (%) 1.80% - 1.90 % Expected volatility (%) 52.2 % Dividend yield (%) 0.0 %
Share-based Compensation, Activity [Table Text Block]	Warrant activity is summarized as follows: Shares Weighted Average Warrants outstanding at March 31, 2017 - - Granted 207,210 $ 5.69 Exercised - - Cancelled - - Warrants outstanding at March 31, 2018 207,210 $ 5.69

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Schedule of Relationship and Nature of Related Party Transactions [Table Text Block]	The relationship and the nature of related party transactions are summarized as follow: Name of Related Party Relationship Nature Ford Glory International Limited, or FGIL Affiliate, subsidiary of FGH Sales / Purchases Value Plus (Macao Commercial Offshore) Limited (“VPMCO”) Affiliate, subsidiary of FGH Purchases Wealth Choice Limited, or WCL Shareholder of Victory Apparel Working Capital Advances Yukwise Limited (“Yukwise”) Wholly-owned by Mr. Choi Consulting Services Multi-Glory Corporation Limited (“Multi-Glory”) Wholly-owned by a Significant Stockholder Consulting Services
Schedule of Related Party Transactions [Table Text Block]	Related party balances: a. Accounts receivable – related party: Accounts receivable from related party in connection with the collection of accounts receivable from end-customers on behalf of the Company due to the support arrangement during the transition period consisted of the following: As of As of FGIL $ 50,027 $ 2,343,892 b. Other receivables – related party: As of As of WCL $ - $ 336,746 The balance due from WCL was interest-free and due upon demand. The balance as of March 31, 2017 was fully collected from WCL on June 15, 2017. c. Due from shareholders: As of As of Two individual shareholders $ - $ 353,175 Merlotte Enterprise Limited - 339,325 $ - $ 692,500 The balance as of March 31, 2017 was fully collected from shareholders on May 8, 2017. Related party transactions: a. Sales to related party: Prior to August 2016, the Company sold merchandise to end-customers through its affiliate during the ordinary course of business. The sales made to related party consisted of the following: For the years ended March 31, 2018 2017 Ford Glory $ - $ 23,350,919 b. Purchases from related parties: Before August 2016, the Company periodically purchased merchandise or raw materials from its affiliates during the ordinary course of business. The purchases from related parties consisted of the following: For the years ended March 31, 2018 2017 VPMCO $ - $ 5,161,134 Ford Glory - 919,459 $ - $ 6,080,593 For the year ended March 31, 2017, $ 2,162,525 562,644

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	The following table summarizes sales by geographic areas for the years ended March 31, 2018 and 2017, respectively. For the years ended March 31, 2018 March 31, 2017 United States $ 61,238,605 $ 55,778,784 Jordan 7,267,732 5,968,607 Other countries 789,361 293,198 Total $ 69,295,698 $ 62,040,589

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future minimum lease payments under non-cancelable operating leases are as follows: Twelve months ended March 31, 2018 $ 781,166 2019 35,925 2020 and thereafter - Total $ 817,091

ORGANIZATION AND DESCRIPTION 30

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Textual)	Mar. 31, 2018$ / sharesshares	May 11, 2017$ / sharesshares	Mar. 31, 2017$ / sharesshares	Oct. 31, 2016	Jul. 05, 2016	Jan. 01, 2015	Jun. 13, 2013JOD (JD)	Mar. 11, 2013JOD (JD)	Sep. 18, 2005JOD (JD)	Nov. 26, 2000USD ($)	Nov. 26, 2000JOD (JD)
Percentage of Individual Shareholder Transactions				22.00%
Common Stock, Shares, Outstanding | shares	9,895,000	8,787,500	8,787,500
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.001		$ 0.001
Hashemite Kingdom of Jordan [Member]
Capital										$ 70,500	JD 50,000
Jerash Embroidery [Member]
Capital								JD 50,000
Chinese Garments [Member]
Capital							JD 50,000
Jerash Embroidery and Cinese Garments [Member]
Noncontrolling Interest, Ownership Percentage by Parent						100.00%
Victory Apparel [Member]
Capital									JD 50,000
Jerash Garments [Member]
Equity Method Investment, Ownership Percentage					100.00%
Jerash Holdings [Member]
Common Stock, Shares, Outstanding | shares		712,500
Common Stock, Par or Stated Value Per Share | $ / shares		$ 0.001

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Victory Apparel [Member] - USD ($)		Mar. 31, 2018	Mar. 31, 2017
Current assets		$ 2,069	$ 2,096
Intercompany receivables	[1]	311,527	321,317
Total assets		313,596	323,413
Third party current liabilities		(3,992)	(6,815)
Total liabilities		(3,992)	(6,815)
Net assets		$ 309,604	$ 316,598
[1]	Receivables from Jerash Garments are eliminated upon consolidation.

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	12 Months Ended
	Mar. 31, 2018
Land [Member]
Property, Plant and Equipment, Estimated Useful Lives	Infinite
Building [Member]
Property, Plant and Equipment, Estimated Useful Lives	15 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Estimated Useful Lives	5 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Estimated Useful Lives	3 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Estimated Useful Lives	5 years
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Estimated Useful Lives	3 years
Automobiles [Member]
Property, Plant and Equipment, Estimated Useful Lives	5 years
Leasehold Improvements [Member]
Property, Plant and Equipment, Estimated Useful Lives	Lesser of useful life and lease term

SUMMARY OF SIGNIFICANT ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)	Mar. 31, 2018$ / JD	Mar. 31, 2018$ / $	Mar. 31, 2017$ / JD	Mar. 31, 2017$ / $
Period-end spot rate [Member]
Foreign Currency Exchange Rate, Translation	0.7094	7.8490	0.7090	7.7700
Average rate [Member]
Foreign Currency Exchange Rate, Translation	0.7092	7.8091	0.7086	7.7580

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 22, 2017	Mar. 31, 2018	Mar. 31, 2017
Net loss attributable to noncontrolling interest		$ 6,838	$ 44,608
Shipping, Handling and Transportation Costs		$ 611,481	$ 503,818
Effective Income Tax Rate Reconciliation, Percent		14.00%	14.00%
Income Tax Holiday, Description		In accordance with the Investment Encouragement Law, Jerash Garments' export sales to overseas customers is entitled to a 100% income tax exemption for a period of 10 years commencing from the first day of production. This exemption has been extended for 5 years until December 31, 2018.
Income Tax Holiday, Aggregate Dollar Amount		$ 1,800,000	$ 1,500,000
Income Tax Holiday, Income Tax Benefits Per Share		$ 0.18	$ 0.17
Cash, FDIC Insured Amount		$ 250,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate		0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		0.00%
Description of New Tax Rate on Certain Off-Shore Earnings	The Tax Act also imposed a global intangible low-taxed income tax (“GILTI”), which is a new tax on certain off-shore earnings at an effective rate of 10.5% for tax years beginning after December 31, 2017 (increasing to 13.125% for tax years beginning after December 31, 2025) with a partial offset for foreign tax credits.
Wealth Choice Limited [Member]
Noncontrolling Interest, Ownership Percentage by Parent		100.00%
Supplier One [Member]
Concentration Risk, Percentage		43.00%	64.00%
Supplier Two [Member]
Concentration Risk, Percentage		18.00%
Supplier Three [Member]
Concentration Risk, Percentage			24.00%
Sales Revenue, Net [Member] | Customer One [Member]
Concentration Risk, Percentage		79.00%	79.00%
Accounts Receivable [Member] | Customer One [Member]
Concentration Risk, Percentage		57.00%	94.00%
Accounts Receivable [Member] | Customer Two [Member]
Concentration Risk, Percentage		22.00%
Account Payable [Member] | Supplier One [Member]
Concentration Risk, Percentage		78.00%	96.00%
Account Payable [Member] | Supplier Two [Member]
Concentration Risk, Percentage		22.00%
JORDAN
Deposits		$ 4,192,448	$ 3,404,508
HONG KONG
Deposits		4,402,910	249,865
UNITED STATES
Cash, FDIC Insured Amount		$ 2,472	$ 0

ACCOUNTS RECEIVABLES, NET (Deta

ACCOUNTS RECEIVABLES, NET (Details) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Trade accounts receivable	$ 5,247,090	$ 2,776,314
Less: allowances for doubtful accounts	0	0
Accounts receivables, Net	$ 5,247,090	$ 2,776,314

ACCOUNTS RECEIVABLES, NET (De36

ACCOUNTS RECEIVABLES, NET (Details Textual) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Factored Accounts Receivable	$ 470,659	$ 0

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Raw materials	$ 11,497,237	$ 9,265,201
Work-in-progress	2,073,509	1,493,258
Finished goods	6,722,646	8,393,150
Total inventory	$ 20,293,392	$ 19,151,609

PROPERTY, PLANT AND EQUIPMENT38

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Subtotal	$ 7,841,213	$ 6,998,016
Construction in progress	217,494	206,246
Less: Accumulated Depreciation and Amortization	(5,238,992)	(4,044,020)
Property, Plant and Equipment, Net	2,819,715	3,160,242
Land [Member]
Subtotal	61,048	61,078
Property and Buildings [Member]
Subtotal	432,347	432,562
Machinery and Equipment [Member]
Subtotal	4,918,270	4,370,095
Office and Electric Equipment [Member]
Subtotal	505,356	472,918
Automobiles [Member]
Subtotal	372,084	302,714
Leasehold Improvements [Member]
Subtotal	$ 1,552,108	$ 1,358,649

PROPERTY, PLANT AND EQUIPMENT39

PROPERTY, PLANT AND EQUIPMENT, NET (Details Textual)	12 Months Ended
	Mar. 31, 2018USD ($)m²ft²	Mar. 31, 2017USD ($)
Depreciation, Depletion and Amortization | $	$ 1,216,973	$ 1,322,946
Area of Land | ft²	5,000
Construction in Progress [Member]
Area of Land | m²	450

EQUITY (Details)

EQUITY (Details) - Warrant [Member]	12 Months Ended
	Mar. 31, 2018
Expected term (in years)	5 years
Expected volatility (%)	52.20%
Dividend yield (%)	0.00%
Minimum [Member]
Risk-free interest rate (%)	1.80%
Maximum [Member]
Risk-free interest rate (%)	1.90%

EQUITY (Details 1)

EQUITY (Details 1) - Warrant [Member]	12 Months Ended
	Mar. 31, 2018$ / sharesshares
Warrants outstanding, Shares | shares	0
Granted, Shares | shares	207,210
Exercised, Shares | shares	0
Cancelled, Shares | shares	0
Warrants outstanding, Shares | shares	207,210
Warrants outstanding, Weighted Average Exercise Price | $ / shares	$ 0
Granted, Weighted Average Exercise Price | $ / shares	5.69
Exercised, Weighted Average Exercise Price | $ / shares	0
Cancelled, Weighted Average Exercise Price | $ / shares	0
Warrants outstanding, Weighted Average Exercise Price | $ / shares	$ 5.69

EQUITY (Details Textual)

EQUITY (Details Textual) - USD ($)	Aug. 01, 2017	May 15, 2017	Sep. 27, 2017	Aug. 18, 2017	Mar. 31, 2018	Mar. 31, 2017
Preferred Stock, Par or Stated Value Per Share					$ 0.001	$ 0.001
Preferred Stock, Shares Authorized					500,000	500,000
Retained Earnings, Appropriation Description					Appropriations to the statutory reserve are required to be 10% of net income until the reserve is equal to 100% of the entitys share capital.
Retained Earnings, Appropriated					$ 71,699	$ 71,699
Payments of Stock Issuance Costs		$ 379,828
Stock-based compensation expense for the warrant issued to the board observer.					$ 116,578
Preferred Stock, Shares Issued					0	0
Preferred Stock, Shares Outstanding					0	0
Board Advisor [Member]
Stock-based compensation expense for the warrant issued to the board observer.					$ 116,578	$ 0
Warrant [Member]
Class of Warrant or Right, Price Per Warrant			0.01	0.01
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 6.25	$ 6.25	$ 6.25
Class of Warrant or Right, Term			5 years	5 years
Warrant [Member] | Board Advisor [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		50,000
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 5
Class of Warrant or Right, Term		5 years
Private Placement [Member]
Number of Common Stock and Warrants To Be Sold		540,000	50,000	200,000
Stock Issued During Period, Shares, New Issues		270,000	25,000	100,000
Proceeds from Issuance of Common Stock, and Warrants		$ 1,352,700
Net Proceeds from Issuance of Common Stock, and Warrants			$ 110,179	$ 450,910
Private Placement [Member] | Designee [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 6.25	$ 6.25	$ 6.25
Class of Warrant or Right, Term	5 years	5 years	5 years
Private Placement [Member] | Designee [Member] | Capital Units [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	18,000	48,600	4,500
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 5.50	$ 5.50	$ 5.50
Capital Units, Value	$ 43,122	$ 107,990	$ 10,814
Private Placement [Member] | Shareholder [Member]
Stock Issued During Period, Shares, New Issues		270,000	25,000	100,000
Shares Issued, Price Per Share		$ 4.99	$ 4.99	$ 4.99
Private Placement [Member] | Warrant [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		54,000	5,000	20,000
Class of Warrant or Right, Price Per Warrant		0.01
Class of Warrant or Right, Term		5 years

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details)	12 Months Ended
	Mar. 31, 2018
Ford Glory International Limited [Member]
Nature of Common Ownership or Management Control Relationships	Affiliate, subsidiary of FGH
Related Party Transaction, Description of Transaction	Sales / Purchases
Value Plus Macao Commercial Offshore Limited [Member]
Nature of Common Ownership or Management Control Relationships	Affiliate, subsidiary of FGH
Related Party Transaction, Description of Transaction	Purchases
Wealth Choice Limited [Member]
Nature of Common Ownership or Management Control Relationships	Shareholder of Victory Apparel
Related Party Transaction, Description of Transaction	Working Capital Advances
Yukwise Limited [Member]
Nature of Common Ownership or Management Control Relationships	Wholly-owned by Mr. Choi
Related Party Transaction, Description of Transaction	Consulting Services
Multi-Glory Corporation Limited [Member]
Nature of Common Ownership or Management Control Relationships	Wholly-owned by a Significant Stockholder
Related Party Transaction, Description of Transaction	Consulting Services

RELATED PARTY TRANSACTIONS (D44

RELATED PARTY TRANSACTIONS (Details 1) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Accounts receivable- related party	$ 50,027	$ 2,343,892
Other receivable - related party	0	336,746
Due from Officers or Stockholders, Current	0	692,500
Two Individual Shareholders [Member]
Due from Officers or Stockholders, Current	0	353,175
Merlotte Enterprise Limited [Member]
Due from Officers or Stockholders, Current	$ 0	$ 339,325

RELATED PARTY TRANSACTIONS (D45

RELATED PARTY TRANSACTIONS (Details 2) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue, net from related party	$ 0	$ 23,350,919
Ford Glory International Limited [Member]
Revenue, net from related party	$ 0	$ 23,350,919

RELATED PARTY TRANSACTIONS (D46

RELATED PARTY TRANSACTIONS (Details 3) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Related Party Transaction, Purchases from Related Party	$ 0	$ 6,080,593
Value Plus Macao Commercial Offshore Limited [Member]
Related Party Transaction, Purchases from Related Party	0	5,161,134
Ford Glory International Limited [Member]
Related Party Transaction, Purchases from Related Party	$ 0	$ 919,459

RELATED PARTY TRANSACTIONS (D47

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	Jan. 16, 2018	Jan. 12, 2018	Jan. 16, 2018	Mar. 31, 2018	Mar. 31, 2017	Jul. 13, 2016
Revenue from Related Parties				$ 0	$ 23,350,919
Marketing Services and Advisory,Amount		$ 300,000	$ 300,000
Consulting Fees	$ 75,000	$ 75,000
Victory City Investments Limited [Member]
Equity Method Investment, Ownership Percentage						51.00%
Revenue from Related Parties					2,162,525
Ford Glory International Limited [Member]
Revenue from Related Parties					562,644
Revenue, Net				$ 43,997,617	$ 32,646,365

CREDIT FACILITIES (Details Text

CREDIT FACILITIES (Details Textual) - USD ($)	Jun. 05, 2017	Mar. 31, 2018	May 29, 2017	Mar. 31, 2017
Line of Credit, Current		$ 980,195		$ 0
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		1.88%
Hongkong Interbank Offered Rate LIBOR [Member]
Debt Instrument, Basis Spread on Variable Rate		0.99%
Senior Credit Facility [Member] | Treasure Success International [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 12,000,000		$ 8,000,000
Debt Instrument, Collateral Amount	$ 3,000,000
Debt Instrument, Description of Variable Rate Basis		HSBC provided that drawings under the Senior Credit Facility would be charged interest at the Hong Kong Interbank Offered Rate (“HIBOR”) plus 1.5% for drawings in Hong Kong dollars, and the London Interbank Offered Rate (“LIBOR”) plus 1.5% for drawings in other currencies.
Line of Credit, Current		$ 980,195
Senior Credit Facility [Member] | Treasure Success International [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Senior Credit Facility [Member] | Treasure Success International [Member] | Hong Kong, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.50%

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Sales Revenue, Goods, Net	$ 69,295,698	$ 62,040,589
UNITED STATES
Sales Revenue, Goods, Net	61,238,605	55,778,784
JORDAN
Sales Revenue, Goods, Net	7,267,732	5,968,607
Other Countries [Member]
Sales Revenue, Goods, Net	$ 789,361	$ 293,198

SEGMENT REPORTING (Details Text

SEGMENT REPORTING (Details Textual)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Sales Revenue, Goods, Net [Member] | Customer Concentration Risk [Member]
Concentration Risk, Percentage	89.50%	90.40%

COMMITMENTS AND CONTINGENCIES51

COMMITMENTS AND CONTINGENCIES (Details)	Mar. 31, 2018USD ($)
Twelve months ended March 31,
2,018	$ 781,166
2,019	35,925
2020 and thereafter	0
Total	$ 817,091

COMMITMENTS AND CONTINGENCIES52

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating Leases, Rent Expense	$ 1,274,606	$ 1,143,252
Minimum [Member]
Operating Leases, Rent Expense, Minimum Rentals	247
Maximum [Member]
Operating Leases, Rent Expense, Minimum Rentals	$ 26,945

INCOME TAX (Details Textual)

INCOME TAX (Details Textual) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Dec. 22, 2017	Jun. 30, 2016	Mar. 31, 2018	Mar. 31, 2017
Description of New Tax Rate on Certain Off-Shore Earnings	The Tax Act also imposed a global intangible low-taxed income tax (“GILTI”), which is a new tax on certain off-shore earnings at an effective rate of 10.5% for tax years beginning after December 31, 2017 (increasing to 13.125% for tax years beginning after December 31, 2025) with a partial offset for foreign tax credits.
Income Tax Expense (Benefit)		$ 1,400,000	$ 1,400,000
Accrued Income Taxes			$ 1,400,000

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - USD ($)	May 02, 2018	Mar. 21, 2018	Mar. 31, 2018	Apr. 09, 2018
Stock Issued During Period, Value, New Issues			$ 1,534,475
Subsequent Event [Member]
Proceeds from Issuance Initial Public Offering	$ 8,930,300
Warrant Expiration Date	May 2, 2023
Subsequent Event [Member] | Warrant [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	57,200
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 8.75
Stock Incentive Plan 2018 [Member]
Common Stock, Capital Shares Reserved for Future Issuance		1,484,250
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		5 years
Stock Incentive Plan 2018 [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				989,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price				$ 7
IPO [Member] | Subsequent Event [Member]
Stock Issued During Period, Shares, New Issues	1,430,000
Stock Issued During Period, Value, New Issues	$ 10,010,000
Underwriting Commissions	477,341
Underwriter Offering Expenses	250,200
Additional Underwriting Expenses	$ 352,159