v3.20.2

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2020	Mar. 31, 2020
Current assets
Cash and cash equivalents	$ 47,316	$ 223,527
Accounts receivable	131,492	152,545
Purchase deposits	1,653,679	1,619,966
Tax recoverable	0	65,403
Deferred costs	4,330,130	4,252,107
Deposits, prepayment and other receivable	680,383	418,541
Inventories	14,637	14,339
Total current assets	6,857,637	6,746,428
Non-current assets
Intangible assets, net	5,743	6,170
Property, plant and equipment, net	3,490,606	3,467,527
Total non-current assets	3,496,349	3,473,697
Total assets	10,353,986	10,220,125
Current liabilities:
Accrued liabilities and accounts payables	2,806,626	2,216,563
Commission liabilities	1,063,160	1,045,568
Deferred revenue	6,365,356	6,239,296
Amount due to a director	230,276	17,662
Amouts due to a related party	280,317	280,317
Income tax payable	47,041	0
Current portion of borrowings	264,248	256,758
Total current liabilities	11,057,024	10,056,164
Long-term liabilties
Borrowings	1,666,369	1,692,485
Total liabilities	12,723,393	11,748,649
Commitments and contingencies
STOCKHOLDERS' DEFICIT
Common stock, 3,000,000,000 authorized common shares of $0.0001 par value, 210,804,160 shares issued and outstanding as of June 30, 2020 and March 31, 2020	21,080	21,080
Additional paid-in capital	136,427,910	136,427,910
Accumulated other comprehensive loss	(237,785)	(218,893)
Accumulated losses	(138,529,182)	(137,703,504)
Total NVGI stockholders' deficit	(2,317,977)	(1,473,407)
Non-controlling interest	(51,430)	(55,117)
Total deficit	(2,369,407)	(1,528,524)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 10,353,986	$ 10,220,125

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Noble Vici Group, Inc. 10-Q