DRAGON JADE INTERNATIONAL LTD

CIK:0001456787|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Revenue	$ 923,158	$ 121,618	$ 224,920
Costs of revenues	(401,785)	(17,113)	(50,155)
Gross profits	521,373	104,505	174,765
Expenses
Selling, general and administrative	(5,784,416)	(6,117,625)	(2,426,481)
Income/(loss) from operations	(5,263,043)	(6,013,120)	(2,251,716)
Other income	34,315	39,942	2,024
Share of gain / (loss) of an associate	1,573	(8,016)
Gain/(Loss) on change in fair value of convertible note liability			260,000
Gain on disposal of an associate	6,443
Goodwill written-off	(259,520)
Total other income/(loss)	(217,189)	31,926	262,024
Gain/(Loss) before income tax	(5,480,232)	(5,981,194)	(1,989,692)
Income tax
Non-controlling interest	11,474	12,193	8,907
Net gain/(loss)	(5,468,758)	(5,969,001)	(1,980,785)
Currency exchange gain/(loss)
Comprehensive gain/(loss)	$ (5,468,758)	$ (5,969,001)	$ (1,980,785)
Net Gain/(Loss) per share	$ (0.096)	$ (0.105)	$ (0.038)
Net Comprehensive Gain/(Loss) per share	$ (0.096)	$ (0.105)	$ (0.038)
Weighted average common shares outstanding	57,023,319	56,880,579	51,852,557

Cash Flow Statement - USD ($)	12 Months Ended
Cash Flow Statement - USD ($)	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities
Net gain / (loss)	$ (5,468,758)	$ (5,969,001)	$ (1,980,785)
Adjustments to reconcile net income/ (loss) to net cash used in operating activities:
Depreciation	59,645	38,922	28,086
Share of gain / (loss) of an associate	(1,573)	8,016
Gain on disposal of an associate	(6,443)
Intangible asset written-off	62,692
Goodwill written-off	259,520
Consultancy fees paid by shares issuance		360,000
Non-controlling interest	(11,474)	(12,193)	(8,907)
Changes in assets and liabilities:
Deposits and other receivables	(29,821)	(360,995)	(420,864)
Account receivables	59,540	48,928	(10,527)
Inventory	(32,791)	54,336	13,100
Deferred tax assets
Accounts payables	(123,613)	(5,282)	(14,938)
Accrued liabilities and other payables-Third party	400,554	57,529	46,363
Amount due to directors	84,102	(280,010)	(445,927)
Convertible promissory notes			(260,000)
Net cash (used in) operating activities	(4,748,420)	(6,059,750)	(3,054,399)
Cash flow from investing activities
Acquisition of subsidiary-net of cash acquired	(172,573)
Investment in associate	549,872	(900,000)
Decrease in loan receivable	369,990
Acquisition of assets	(49,390)	(65,805)	(82,498)
Net cash provided by / (used in) investing activities	697,899	(965,805)	(82,498)
Cash flow from financing activities
Cash for issuance of shares		10,537,065	4,462,935
Loan repayment	(222,456)
Repayment of convertible promissory note			(100,000)
Net cash (used in) / provided by financing activities	(222,456)	10,537,065	4,362,935
Effect of foreign exchange rate changes on cash and cash equivalent
Cash and cash equivalents:
Net increase (decrease)	(4,272,977)	3,511,510	1,226,038
Balance at beginning of period	4,756,354	1,244,844	18,806
Balance at end of period	483,377	4,756,354	1,244,844
Supplemental cash flow information:
Cash paid for income taxes
Cash paid for interest	$ 0

Consolidated Balance Sheets - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Current assets
Cash and Bank Deposits	$ 483,377	$ 4,756,354
Subscription receivable
Loan receivable	680,577	700,439
Trade receivable	541,064	2,090
Deposit & Prepayments	176,399	96,633
Inventory	750,028	124,556
Total current assets	2,631,445	5,680,072
Investment in Associate		891,984
Plant, machinery and equipment, net	109,447	105,378
Total non-current assets	109,447	997,362
Total assets	2,740,892	6,677,434
Current liabilities
Accounts Payable	468,362	97
Amount due to Directors	87,774	3,672
Loan payable	230,769
Accruals & Other payable	551,820	151,266
Total current liabilities	1,338,725	155,035
Stockholders' equity
Common stock, 100,000,000 shares authorized and 57,023,319 shares and 57,023,319 shares issued at no par value at March 31, 2019 and March 31, 2018 respectively	17,543,961	17,543,961
Common shares to be issued	360,000
Accumulated losses	(16,449,316)	(10,980,558)
Other Comprehensives Income
Total stockholders' equity	1,454,645	6,563,403
Non-controlling interest	(52,478)	(41,004)
Total liabilities and stockholders' equity	$ 2,740,892	$ 6,677,434