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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 8,584,754 $ 4,400,402
Restricted cash 1,102,591 2,396,993
Accounts receivable, net 23,829,251 27,760,956
Advances to supplier, net 2,299,873 1,255,420
Inventories, net 23,779,671 22,274,613
Security deposits 508,037
Prepaid expenses and other current assets 1,194,215 1,394,234
Current assets from discontinued operation 37,761
Total current assets 61,298,392 59,520,379
Property, plant and equipment, net 54,103,612 51,836,633
Intangible assets, net 7,882,850 8,157,916
Prepayments for construction and equipment purchases 1,617,584 1,222,888
Security deposits - long term 1,492,537 1,590,671
Other assets 424,648 297,906
Right-of-use lease assets 7,507,445
Non-current assets from discontinued operations 13,697
Total assets 134,327,068 122,640,090
Current liabilities:    
Short term borrowings 17,197,339 19,890,641
Bank notes payable 1,802,884 2,888,053
Advances from customers 267,805 393,749
Accounts payable 10,809,902 18,186,400
Accounts payable-related party 303,083 82,014
Accrued and other liabilities 1,936,320 2,121,304
Other loans payable - current 2,985,476 2,847,859
Taxes payable 182,058 247,635
Deferred gains 154,750 291,170
Due to related party 97,559 12,200
Operating lease liabilities - current 910,897
Current liabilities from discontinued operation 528,263
Total current liabilities 36,648,073 47,489,288
Deferred tax liability 887,098 577,826
Long term borrowings 10,246,011 7,203,357
Other loans payable - non-current 1,373,402 2,635,567
Operating lease liabilities - non-current 6,103,899
Total liabilities 55,258,483 57,906,038
Commitments and contingencies
Shareholders' Equity    
Common stock: $0.001 par value, 70,000,000 shares authorized, 15,803,763 and 15,795,910 shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 15,804 15,797
Additional paid in capital 30,057,831 30,009,545
Statutory reserve 6,962,390 5,532,945
Retained earnings 45,188,209 31,602,434
Accumulated other comprehensive income (3,108,640) (2,472,254)
Total Fuling Global Inc.'s equity 79,115,594 64,688,467
Non-controlling interest (47,009) 45,585
Total shareholders' equity 79,068,585 64,734,052
Total liabilities and shareholders’ equity $ 134,327,068 $ 122,640,090