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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 $ 7,943,053 $ 7,948,173
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock based compensation 123,339 23,088
Deferred tax benefit (loss) 319,252 (319,252)
Depreciation and amortization 3,177,954 2,681,293
Bad debt provisions 2,835 36,938
Inventory reserve 32,576
Gain on disposal of fixed assets (12,687)
Changes in operating assets:    
Accounts receivable (6,870,015) (2,224,191)
Advances to suppliers (338,783) 364,925
Inventories (3,688,956) 1,184,796
Other assets (1,382,287) 95,350
Security deposit for sale leaseback (755,934)
Changes in operating liabilities:    
Accounts payable 6,019,466 (2,737,576)
Advance from customers 43,277 (66,731)
Deferred income 679,774
Taxes payable (557,587) 425,412
Accrued and other liabilities 470,105 548,382
Net cash provided by operating activities 5,205,383 7,960,607
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (4,010,576) (5,471,455)
Payments of construction in progress (12,679,338)
Cash receipts from disposal property and equipment 19,296
Cash receipts (decrease) from certificates of deposit 1,505,061 (1,986,668)
Prepayments for construction and equipment purchase (1,974,046) (1,047,526)
Return of prepayments for construction and equipment purchase 1,354,585
Purchase of intangible assets (8,298,564) (264,577)
Net cash used in investing activities (24,083,581) (8,770,226)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings 30,660,941 42,684,057
Repayments of short-term borrowings (26,983,488) (46,039,616)
Proceeds from long-term borrowings 836,471
Proceeds from bank notes payable 6,150,573 5,318,470
Repayments of bank notes payable (6,252,747) (5,560,034)
Repayment of third party borrowing (180,611)
Proceeds from loans from related parties 55,484
Repayments of loans from related parties (37,764)
Proceeds from other payable - sales lease back 3,941,746
Repayments of other payable - sales lease back (172,154)
Change of restricted cash (358,888) 97,928
Proceeds from issuance of stocks 18,594,972
Net cash provided by financing activities 7,697,327 15,058,013
EFFECT OF EXCHANGE RATES CHANGES ON CASH AND CASH EQUIVALENTS (382,899) (74,554)
NET (DECREASE) INCREASE ON CASH AND CASH EQUIVALENTS (11,563,770) 14,173,840
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR 15,573,554 1,399,714
CASH AND CASH EQUIVALENTS, ENDING OF THE YEAR 4,009,784 15,573,554
Cash paid during the year for:    
Interest paid 762,868 1,136,896
Income tax paid 2,331,173 1,257,004
Non-cash investing activities:    
Transfer from construction in progress to fixed assets 1,209,221 3,913,677
Transfer from advance payments to fixed assets $ 296,853 $ 726,445