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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 1,935,527 $ 2,030,214
Restricted cash 1,626,352 709,796
Banker's acceptances 19,612 39,867
Trade accounts receivable, less allowance for doubtful accounts of $18,238,248 and $18,209,734, respectively 2,367,188 2,293,120
Other receivables, less allowance for doubtful accounts of $40,069 and $40,010, respectively 188,177 162,981
Advances to suppliers 341,200 461,307
Inventory 6,377,507 6,407,155
Prepaid expenses 221,132 185,647
Total Current Assets 13,076,695 12,290,087
Advances for purchases of intangible assets 23,319,133 23,722,954
Property, plant and equipment, net 21,584,492 23,541,003
Intangible assets, net 327,759 398,856
TOTAL ASSETS 58,308,079 59,952,900
Current Liabilities:    
Trade accounts payable 1,152,539 1,141,138
Accrued expenses 195,046 276,368
Other payables 2,682,230 2,858,701
Advances from customers 586,282 581,132
Other payables - related parties 1,354,567 1,354,567
Current portion of construction loan facility 2,115,107 2,305,430
Bankers' acceptance notes payable 1,626,352 709,796
Total Current Liabilities 9,712,123 9,227,132
Non-current Liabilities:    
Construction loan facility 6,798,559 6,916,291
Deferred tax liability 772,331 738,175
Total Liabilities 17,283,013 16,881,598
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 4,178,280 5,479,809
Accumulated other comprehensive income 13,213,002 13,957,709
Total Stockholders' Equity 41,025,066 43,071,302
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 58,308,079 $ 59,952,900