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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 5,742,833 $ 14,009,597
Accounts receivable, net 66,155,023 68,171,387
Bank acceptance notes from customers 11,479,383 17,626,704
Short term investments 87,021,944 34,838,757
Inventories 68,082,837 84,186,766
Prepayments, including US$0 and US$83,206 due from related parties at September 30, 2015 and December 31, 2014, respectively 4,928,389 4,663,002
Current portion of prepaid capital lease interest 139,433 282,280
Other current assets 1,236,503 1,282,182
Deferred tax assets 3,579,607 1,868,371
Total Current Assets 248,365,952 226,929,046
Property, plant and equipment, net 39,231,690 43,550,927
Land use rights, net 13,598,612 14,421,729
Intangible assets, net 27,319 37,661
Security deposits on lease agreement 1,796,578 1,867,719
Non-current portion of prepaid capital lease interest 7,339 99,180
Total Non-Current Assets 54,661,538 59,977,216
Total Assets 303,027,490 286,906,262
Current Liabilities    
Accounts payable and bank acceptance notes to vendors, including US$2,067,365 and US$136,609 due to related parties at September 30, 2015 and December 31, 2014, respectively 14,978,233 13,867,316
Deposit received from customers 26,299,643 19,045,172
Short term bank loans 22,042,744 9,539,476
Income tax payable 1,474,677 1,101,103
Accrued expenses 11,843,133 13,561,163
Current portion of capital lease obligations 3,593,156 3,735,438
Other current liabilities, including US$117,067 and US$17,681 due to related parties at September 30, 2015 and December 31, 2014, respectively 2,403,786 2,131,527
Total Current Liabilities 82,635,372 62,981,195
Non-Current Liabilities    
Non-current portion of capital lease obligations 898,289 3,735,437
Total Non-Current Liabilities 898,289 3,735,437
Total Liabilities $ 83,533,661 $ 66,716,632
Equity    
Preferred stock - no par value; 1,000,000 authorized; none issued and outstanding as of September 30, 2015 and December 31, 2014
Common stock - US$0.002 par value; 50,000,000 authorized, 19,304,921 issued and outstanding as of September 30, 2015 and December 31, 2014 $ 38,609 $ 38,609
Additional paid-in capital 42,199,014 42,199,014
Reserves 12,767,531 12,019,532
Accumulated other comprehensive income 19,620,317 27,516,206
Retained earnings 123,547,436 116,935,053
Total SORL Auto Parts, Inc. Stockholders' Equity 198,172,907 198,708,414
Non-controlling Interest In Subsidiaries 21,320,922 21,481,216
Total Equity 219,493,829 220,189,630
Total Liabilities and Equity $ 303,027,490 $ 286,906,262