XML 16 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and equivalents $ 829,391 $ 5,710,373
Restricted cash 219,605 7,972,290
Accounts receivable, net 10,051,326 7,656,456
Other receivables 5,959,283 20,563,087
Advances to suppliers 19,402,658 23,529,482
Notes receivable 341,843 35,794
Inventory, net 11,990,551 9,983,143
Prepaid expenses and other current assets 381,129 238,317
Total current assets 49,175,786 75,688,942
Property and equipment, net 22,018,192 25,872,633
Construction in progress 7,434,263 7,007,576
Advance for purchase of equipment 404,632 727,764
Other non-current receivables 11,485,998 18,797,707
Intangible assets, net 973,372 1,051,243
TOTAL ASSETS 91,492,243 129,145,865
CURRENT LIABILITIES:    
Accounts payable 7,032,147 8,968,199
Other payables 9,890,606 18,177,999
Unearned revenue 1,610,508 272,135
Accrued payroll 110,477 139,274
Short-term loans 21,728,100 38,744,022
Long-term loan, currently in default 12,328,000 19,524,000
Total current liabilities 52,699,838 85,825,629
Long-term loans 4,623,000 7,321,500
Total liabilities 57,322,838 93,147,129
Commitments and contingencies 0 0
Shiner stockholders' equity:    
Common stock, par value $0.001; 75,000,000 shares authorized, 27,603,336 shares issued and 27,541,491 shares outstanding 27,603 27,603
Additional paid-in capital 14,336,456 14,336,456
Treasury stock (61,845 shares) (58,036) (58,036)
Other comprehensive income 4,849,974 6,611,234
Statutory reserve 4,247,524 4,085,752
Retained earnings 10,490,793 11,229,373
Total Shiner stockholders' equity 33,894,314 36,232,382
Noncontrolling interest 275,091 (233,646)
Total equity 34,169,405 35,998,736
TOTAL LIABILITIES AND EQUITY $ 91,492,243 $ 129,145,865