XML 33 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 106,614,708 $ 80,820,224
Restricted cash deposits   $ 63,677,610
Time deposits $ 72,226,607  
Accounts receivable, net of allowance for doubtful accounts 38,328,831 $ 19,402,820
Inventories 127,039,477 101,304,932
Prepayments and other current assets, net of allowance for doubtful accounts 27,789,090 14,781,658
Total Current Assets 371,998,713 279,987,244
Property, plant and equipment, net 91,208,433 80,230,888
Land use rights, net 15,837,832 11,909,136
Deposits related to land use rights $ 12,822,069 12,792,355
Restricted cash and cash deposits, excluding current portion   40,230,250
Equity method investment $ 9,825,728 18,221,777
Other non-current assets 3,236,260 3,475,442
Total Assets $ 504,929,035 446,847,092
Current Liabilities    
Short-term bank loans, including current portion of long-term bank loans   57,902,600
Accounts payable $ 14,997,591 4,829,350
Other payables and accrued expenses 46,997,452 49,692,757
Income tax payable 6,775,105 8,257,133
Total Current Liabilities $ 68,770,148 120,681,840
Long-term bank loans, excluding current portion   40,000,000
Deferred income $ 2,626,321 2,765,024
Other liabilities 8,086,775 8,138,498
Total Liabilities 79,483,244 171,585,362
Stockholders' Equity    
Common stock: par value $0.0001; 100,000,000 shares authorized; 27,962,705 and 27,865,871 shares issued at June 30, 2015 and December 31, 2014, respectively; 25,708,001 and 24,806,167 shares outstanding at June 30, 2015 and December 31, 2014, respectively 2,797 2,787
Additional paid-in capital 89,462,086 24,008,281
Treasury stock: 2,254,704 and 3,059,704 shares at June 30, 2015 and December 31, 2014, respectively, at cost (56,425,094) (76,570,621)
Retained earnings 294,547,822 244,661,391
Accumulated other comprehensive income 20,318,850 19,985,189
Total equity attributable to China Biologic Products, Inc. 347,906,461 212,087,027
Noncontrolling interest 77,539,330 63,174,703
Total Stockholders' Equity $ 425,445,791 $ 275,261,730
Commitments and contingencies    
Total Liabilities and Stockholders' Equity $ 504,929,035 $ 446,847,092