Accrued expenses and other current liabilities

3 Months Ended

Mar. 31, 2019

Accrued Liabilities, Current [Abstract]

Accrued expenses and other current liabilities

Note 9 – Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consist of the following:

	March 31, 2019		December 31, 2018
	US$		US$
Payables for purchase of property, plant and equipment		12,922,814		53,059,897
Accrued freight expenses		31,252,409		25,908,990
Accrued interest expenses		12,628,239		8,873,532
Contract liabilities (i)		1,775,010		16,105,245
Non income tax payables		4,049,713		6,425,236
Others (ii)		19,795,699		16,553,998
Total accrued expenses and other current liabilities		82,423,884		126,926,898

(i) Contract liabilities mainly represent the advance received from customers in the PRC for the finished goods and raw materials purchases as of March 31, 2019. The change in contract liabilities primarily represents the cash received, less amounts recognized as revenues during the period.

(ii) Others mainly represent accrued payroll and employee benefits, accrued audit and consulting fees, electricity fee and other accrued miscellaneous operating expenses.