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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 13,811 $ 7,703
Bank acceptance notes 877 92
Due from Zhenfa 3,181 2,058
Accounts receivable, trade, less allowances for doubtful accounts of $2,444 and $499 in 2016 and 2015, respectively 3,966 9,112
Inventories, net 2,140 4,806
Income tax receivable 8,252
Prepaid expenses 1,118 1,221
Other current assets 1,170 2,044
Total current assets 26,263 35,288
Property, plant and equipment, net 9,426 10,581
Assets held for sale (Note 9) 6,190 7,899
Other long-term assets 149 148
Total assets 42,028 53,916
CURRENT LIABILITIES    
Accounts payable 1,358 2,192
Accrued liabilities (Note 10) 3,133 3,080
Income taxes payable 993 989
Due to factoring 338 483
Total current liabilities 5,822 6,744
Total liabilities 5,822 6,744
Stockholders’ Equity    
Preferred stock, $0.01 par value, 20,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.01 par value, 200,000,000 shares authorized; 18,551,332 and 18,550,092 issued and outstanding, respectively, in 2016 and 18,261,807 and 18,260,567 issued and outstanding, respectively, in 2015 185 182
Treasury stock, 1,240 shares at cost (57) (57)
Additional paid–in capital 231,510 230,999
Accumulated deficit (189,739) (178,101)
Accumulated other comprehensive loss, net (5,693) (5,851)
Total stockholders’ equity 36,206 47,172
Total liabilities and stockholders’ equity $ 42,028 $ 53,916