XML 83 R2.htm IDEA: XBRL DOCUMENT v3.19.1
AUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 1,062,643 $ 89,212
Cash and cash equivalents including discontinued operations   85,493
Trade receivables, net 6,528,072 729,919
Inventories 0 10,593,403
Advances and prepayments to suppliers 7,381,785 3,129,435
Other receivables and other current assets 16,316 1,612,682
Related party receivable 2,208  
Discontinued operations - current assets held for sale   790,550
Total current assets 14,991,024 16,941,482
Non-current assets    
Investments 0 0
Plant and equipment, net 1,371,518 36,663,290
Intangible assets, net 0 13,167,870
Construction in progress, net 846,441 819,301
Deposits 1,477 0
Discontinued operations - long term assets held for sale 0 896,099
Total Assets 17,210,460 68,488,042
Current liabilities    
Short-term bank loans 0 23,773,780
Long-term debt - current portion 0 30,511,656
Capital lease - current portion   1,074,829
Accounts payable 579,228 4,150,604
Taxes payable 155,135 355,142
Accrued liabilities and other payables 496,799 9,317,038
Customers deposits 3,499 485,295
Related party payable 78,656  
Discontinued operations - liabilities 8,607,813 9,610,994
Total current liabilities 9,921,130 79,279,338
Stockholders' Equity/(Deficiency)    
Preferred Stock, $0.001 par value, 5,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2018 and 2017, respectively
Common Stock, $0.001 par value, 200,000,000 shares authorized; 5,497,765 and 1,530,980 shares issued and outstanding as of December 31, 2018 and 2017, respectively 5,498 1,531
Additional paid-in capital 74,739,031 57,888,993
Statutory reserves 2,810,953 25,103,354
Accumulated deficit (79,038,883) (99,628,547)
Accumulated other comprehensive income 9,792,283 13,588,726
Non-controlling interests (1,019,552) (7,745,353)
Total Stockholders' Equity/(Deficiency) 7,289,330 (10,791,296)
Total Liabilities and Stockholders' Equity $ 17,210,460 $ 68,488,042