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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities    
Net income $ 957,387 $ 2,028,541
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 538,224 381,849
Changes in operating assets and liabilities:    
Accounts receivable, net (442,869) (1,745,281)
Inventories 248,792 (182,837)
Amount due from related parties 118,061 1,049,041
Prepayments and other current assets 875,152 116,680
Accounts payable 476,760 543,549
Amount due to related parties (4,699) (13,197)
Deposits received (5,089) 3,832
Accrued expenses and other current liabilities 272,288 (47,917)
Net cash provided by operating activities 3,034,007 2,134,260
Cash Flows From Investing Activities    
Purchases of property and equipment (1,503,611) (698,950)
Prepayment for property and equipment acquisition (454,761) (514,640)
Payment of Construction in progress (264,687)
Net cash (used in) investing activities (2,223,059) (1,213,590)
Cash Flows From Financing Activities    
Proceeds from shareholders 134,565
Payments of finance lease obligations (913,812) (694,479)
Interest 225,860 306,004
Short-term bank loan (458,342)
Proceeds from finance lease 2,870,312
Net cash provided by (used in) financing activities 2,182,360 (712,252)
Effect of exchange rate fluctuation on cash and cash equivalents 23,870 107,728
Net increase in cash and cash equivalents 3,017,178 316,146
Cash and cash equivalents, beginning of period 256,450 884,292
Cash and cash equivalents, ending of period 3,273,628 1,200,438
Supplemental disclosure of cash flow information    
Cash paid for income taxes 255,792 581
Cash paid for interest $ 225,860 $ 306,004