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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash $ 6,897,354 $ 5,489,404
Accounts receivable, net 15,376,607 14,406,476
Accounts receivable - related parties, net 2,145,061 2,292,151
Inventories, net 23,677,137 22,175,769
Advances to suppliers, net 217,314 280,267
Advances to suppliers - related parties, net 1,161,590 1,526,482
Notes receivable 733,373 3,803,826
Notes receivable - related parties, current 952,592 8,117,686
Other current assets 681,765 950,703
TOTAL CURRENT ASSETS 51,842,793 59,042,764
Property and equipment, net 24,582,651 22,650,021
Operating Lease Right-of-use assets 95,931
Deferred tax assets 90,131 117,933
Long term notes receivable 3,179,203
Long-term notes receivable - related parties 7,692,339 423,263
Other long-term assets 198,060 242,426
TOTAL ASSETS 87,681,108 82,476,407
CURRENT LIABILITIES:    
Lines of credit 7,094,146 8,194,146
Accounts payable 19,740,594 17,474,206
Accounts payable - related parties 2,823,142 3,923,120
Advance from customers 47,844 61,406
Advance from customers - related parties 119,947 166,490
Current portion of long-term debt, net 1,706,839 1,455,441
Current portion of obligations under capital leases 262,904 164,894
Current portion of obligations under operating leases 39,191
Income tax payable 296,773
Accrued expenses 2,273,035 2,148,602
TOTAL CURRENT LIABILITIES 34,404,415 33,588,305
Long-term debt, net 14,408,026 13,109,854
Obligations under capital leases, non-current 1,272,845 120,705
Obligations under operating leases, non-current 56,740
Deferred tax liabilities 1,284,027 1,196,061
TOTAL LIABILITIES 51,426,054 48,014,925
Commitments and contingencies
EQUITY:    
Common Stock, $0.0001 par value, 30,000,000 shares authorized, 22,167,486 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 2,217 2,217
Additional paid-in capital 22,920,603 22,920,603
Retained earnings 12,106,797 10,433,984
Total shareholders’ equity 35,029,617 33,356,804
Noncontrolling interest 1,225,437 1,104,678
TOTAL EQUITY 36,255,054 34,461,482
TOTAL LIABILITIES AND EQUITY $ 87,681,108 $ 82,476,407