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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities    
Net income $ 4,607,693 $ 8,926,753
Adjustments to reconcile net income to net cash provided by operating activities:    
Allowance for doubtful accounts - accounts receivable 246,204 972,642
Allowance (recovery) for doubtful accounts - advance to suppliers 1,899,004 (8,547)
Allowances for bad debts - loan to third parties 59,742 0
Inventory reserve (recovery) (84,414) 156,775
Depreciation expense 1,180,090 1,244,154
Decrease (increase) in deferred tax asset (98,473) 163,987
Amortization of intangible asset 184,213 197,026
Changes in operating assets and liabilities:    
Accounts receivable (3,192,557) (212,550)
Advances to suppliers (11,438,701) (5,762,321)
Inventory (97,373) 20,295
Other receivables (11,192) (49,507)
Accounts payable (965,208) (486,409)
Customer deposits 244,020 76,546
Taxes payable 87,175 (1,516,651)
Accrued liabilities and other payables 346,725 728,339
Net cash provided by operating activities (7,033,052) 4,450,532
Cash flows from investing activities    
Additions to property, plant and equipment (10,819) (242,552)
Proceeds from disposal of property, plant and equipment 0 32,940
Changes in deposit for asset acquisition 1,505,770 1,085,752
Deposit for business acquisition (3,372,925) (8,030,000)
Net cash used in investing activities (1,877,974) (7,153,860)
Cash flows from financing activities    
Changes in restricted cash (343,316) 3,533,200
Proceeds from third party loan 885,694 0
Proceeds from Bankers acceptance notes payable 4,818,464 2,248,400
Repayments of Bankers acceptance notes payable (3,011,540) (9,314,800)
Proceeds from bank loans 7,001,831 12,012,880
Repayments of bank loans (8,251,620) (5,299,800)
Net proceeds from stock issuance 7,957,100 5,663,122
Net cash provided by financing activities 9,056,613 8,843,002
Effect of exchange rate changes on cash and cash equivalents (476,134) (281,560)
Net increase (decrease) in cash and cash equivalents (330,547) 5,858,114
Cash and cash equivalents, beginning of year 6,273,389 415,275
Cash and cash equivalents, end of year 5,942,842 6,273,389
Supplemental disclosure information:    
Income taxes paid 696,435 2,892,808
Interest paid 261,625 411,805
Supplemental non-cash financing activity:    
Common shares issued for Minority interest buyback $ 2,160,142 $ 0