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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 1,753,409 $ 2,103,987
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expenses 5,842,626 4,301,872
Deferred tax (1,165,835) (657,893)
Loss from disposal of property, plant and equipment 638,803 90,614
Change in operating assets and liabilities:    
Restricted cash (2,622,724) 8,804,882
Accounts and notes receivable 1,824,116 (5,615,309)
Inventories 2,466,457 (5,078,848)
Prepayments and other receivables (2,346,193) (1,379,429)
Accounts and notes payable 8,073,716 (14,016,566)
Amount due from (to) related party 703,830 836,702
Accrued expenses and other payables 876,806 2,055,666
Tax payables 2,390,284 (205,277)
Net cash provided by (used in) operating activities 18,435,295 (8,759,599)
Cash flows from investing activities    
Purchase of property, plant and equipment (5,401,922) (3,685,181)
Prepayment paid for construction in progress (3,169,862) 0
Proceeds from disposal of property, plant and equipment 176,346 59,676
Net cash used in investing activities (8,395,438) (3,625,505)
Cash flows from financing activities    
Proceeds from short-term loans 12,666,190 6,428,000
Proceeds from long-term loans 4,513,872 0
Repayment of short-term loans (16,733,690) 0
Repayment of current portion of long-term loans (4,513,872) 0
Restricted cash 146,430 0
Net cash flows provided by (used in) financing activities (3,921,070) 6,428,000
Effect of foreign currency exchange rate fluctuation on cash and cash equivalents (55,679) 221,914
Net changes in cash and cash equivalents 6,063,108 (5,735,190)
Cash and cash equivalents, beginning of period 6,569,495 11,903,937
Cash and cash equivalents, end of period 12,632,603 6,168,747
Cash paid during the period for:    
Interest paid 819,367 374,852
Income taxes paid $ 1,277,002 $ 1,008,024