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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 1,745,566 $ 2,665,802
Restricted cash 2,568,895 1,088,879
Bankers acceptance notes 16,692
Trade accounts receivable, less allowance for doubtful accounts of $16,805,221 and $15,664,496, respectively 3,152,815 3,999,809
Other receivables, less allowance for doubtful accounts of $60,627 and $71,548, respectively 217,527 224,373
Advances to suppliers 2,063,172 2,003,792
Inventory 7,258,973 7,310,939
Prepaid expenses 185,543 226,357
Total Current Assets 17,209,183 17,519,951
Advances for purchases of intangible assets 35,381,708 35,498,059
Property, plant and equipment, net 24,080,326 24,967,448
Intangible assets, net 453,376 534,682
TOTAL ASSETS 77,124,593 78,520,140
Current Liabilities:    
Trade accounts payable 2,149,331 3,060,374
Accrued expenses 129,516 139,830
Other payables 2,294,358 2,502,694
Advances from customers 655,350 811,232
Other payables - related parties 1,354,567 1,354,567
Current portion of construction loan facility 1,328,043 1,440,154
Banker's acceptance notes payable 2,568,895 1,088,879
Total Current Liabilities 10,480,060 10,397,730
Non-current Liabilities:    
Construction loan facility 8,853,622 8,640,927
Deferred tax liability 648,103 572,349
Total Liabilities 19,981,785 19,611,006
Stockholders' Equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 95,000,000 shares authorized; 43,579,557 shares and 43,579,557 shares outstanding, respectively 43,580 43,580
Additional paid-in capital 23,590,204 23,590,204
Retained earnings 21,502,566 24,757,374
Accumulated other comprehensive income 12,006,458 10,517,976
Total Stockholders' Equity 57,142,808 58,909,134
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 77,124,593 $ 78,520,140