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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities:    
Net loss $ (5,756,607) $ (9,157,571)
Depreciation and amortization 2,583,066 2,769,761
Bad debt expense 1,005,949 6,045,352
Deferred income taxes 65,044 677,209
Inventory obsolescence reserve (1,529,912) 460,537
Impairment of long-term assets 1,467,235 0
Changes in assets and liabilities:    
Trade accounts and other receivables (709,257) (2,642,445)
Advances to suppliers (150,606) (1,746,117)
Inventory 3,157,553 3,314,458
Trade accounts payable 739,551 2,061,895
Accrued taxes payable (74,080) 16,307
Other payables and accrued expenses 119,085 (18,951)
Advances from customers 432,904 (1,128,459)
Prepaid expenses 71,790 0
Net Cash Provided by Operating Activities 1,421,715 651,976
Cash Flows from Investing Activities:    
Purchases of property and equipment (86,350) (310,247)
Bankers acceptances redeemed for cash 0 306,904
Net Cash Used in Investing Activities (86,350) (3,343)
Cash Flows from Financing Activities:    
Payments of construction term loan (1,519,932) 0
Payments of short term debt (2,279,899) 0
Net Cash Used by Financing Activity (3,799,831) 0
Effect of Exchange Rate Changes on Cash (134,255) (226,914)
Net (Decrease) Increase in Cash and Cash Equivalents (2,598,721) 421,719
Cash and Cash Equivalents at Beginning of Period 6,248,760 5,319,990
Cash and Cash Equivalents at End of Period 3,650,039 5,741,709
Supplemental Cash Flow Information:    
Cash paid for interest 689,773 905,151
Supplemental Noncash Investing and Financing Activities:    
Accounts payable for purchases of property and equipment 0 137,854
Accounts receivable collected with banker's acceptances 803,655 1,968,818
Inventory purchased with banker's acceptances 781,814 1,400,447
Restricted cash related to letter of credit 1,490,154 0
Advances for intangible assets purchased with banker's acceptances $ 0 $ 395,445