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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 4,221,940 $ 8,057,155
Accounts receivable, net, including $1,297,734 and $5,025,509 from related parties at December 31, 2017 and 2016, respectively 134,384,961 102,129,294
Bank acceptance notes from customers 116,040,688 42,697,276
Inventories 114,300,564 65,776,517
Prepayments, current, including $999,527 and $- to related party at December 31, 2017 and 2016, respectively 8,826,004 10,797,601
Restricted cash 376,236 5,476,621
Advances to related parties 72,318,224 0
Other current assets, net 5,555,568 1,124,608
Total Current Assets 456,024,185 236,059,072
Property, plant and equipment, net 79,828,006 53,737,706
Land use rights, net 14,912,134 8,309,333
Intangible assets, net 3,341 11,438
Deposits on loan agreements 10,712,865 0
Prepayments, non-current 16,594,987 0
Deferred tax assets 4,240,424 3,210,575
Total Non-Current Assets 126,291,757 65,269,052
Total Assets 582,315,942 301,328,124
Current Liabilities    
Accounts payable and bank acceptance notes to vendors, including $15,896,804 and $1,953,707 payable to related parties at December 31, 2017 and 2016, respectively 118,051,633 65,672,626
Deposits received from customers 43,087,473 22,733,742
Short term bank loans 125,380,899 27,416,376
Current portion of long term loans 24,266,031 0
Income tax payable 3,249,727 996,522
Accrued expenses 25,154,658 20,103,392
Deferred income 1,020,273  
Due to related party 1,572,963 0
Other current liabilities 2,857,130 2,013,943
Total Current Liabilities 344,640,787 138,936,601
Non-Current Liabilities    
Long term loans, less current portion and net of unamortized debt issuance costs 37,383,224 0
Total Non-Current Liabilities 37,383,224 0
Total Liabilities 382,024,011 138,936,601
Equity    
Preferred stock - no par value; 1,000,000 authorized; none issued and outstanding as of December 31, 2017 and 2016 0 0
Common stock - $0.002 par value; 50,000,000 authorized, 19,304,921 issued and outstanding as of December 31, 2017 and 2016 38,609 38,609
Additional paid-in capital (28,582,654) (28,582,654)
Reserves 17,562,357 15,129,935
Accumulated other comprehensive income 15,903,188 6,117,042
Retained earnings 168,244,329 146,352,530
Total SORL Auto Parts, Inc. Stockholders' Equity 173,165,829 139,055,462
Noncontrolling Interest In Subsidiaries 27,126,102 23,336,061
Total Equity 200,291,931 162,391,523
Total Liabilities and Equity $ 582,315,942 $ 301,328,124