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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 73,588,229 $ 4,221,940
Accounts receivable, net, including $261,889 and $1,297,734 from related parties as of December 31, 2018 and 2017, respectively 150,047,797 134,384,961
Bank acceptance notes from customers 62,052,225 116,040,688
Inventories, net 204,285,427 114,300,564
Prepayments, current, including $3,670,573 and $999,527 to related party as of December 31, 2018 and 2017, respectively 7,776,591 8,826,004
Restricted cash, current 19,307,003 376,236
Advances to related parties 79,739,417 72,318,224
Other current assets, net 15,697,448 5,555,568
Total Current Assets 612,494,137 456,024,185
Property, plant and equipment, net 96,053,386 79,828,006
Land use rights, net 21,124,455 14,912,134
Intangible assets, net 220,232 3,341
Deposits on loan agreements 10,199,324 10,712,865
Prepayments, non-current 31,575,238 16,594,987
Other assets, non-current 563,542  
Restricted cash, non-current 18,067,374
Deferred tax assets 4,073,838 4,240,424
Total Non-current Assets 181,877,389 126,291,757
Total Assets 794,371,526 582,315,942
Current Liabilities    
Accounts payable and bank acceptance notes to vendors, including $23,805,200 and $15,896,804 due to related parties as of December 31, 2018 and 2017, respectively 236,433,718 118,051,633
Deposits received from customers 51,529,795 43,087,473
Short term bank loans 217,940,471 125,380,899
Current portion of long term loans 21,141,029 24,266,031
Income tax payable, current 3,421,486 3,249,727
Accrued expenses 24,045,902 25,154,658
Due to related party 5,959,752 1,572,963
Deferred income 1,453,282 1,020,273
Other current liabilities 3,288,344 2,857,130
Total Current Liabilities 565,213,779 344,640,787
Long term loans, less current portion and net of unamortized debt issuance costs 14,429,404 37,383,224
Income tax payable, noncurrent 9,259,307
Total Non-current Liabilities 23,688,711 37,383,224
Total Liabilities 588,902,490 382,024,011
Equity    
Preferred stock - no par value; 1,000,000 authorized; none issued and outstanding as of December 31, 2018 and 2017
Common stock - $0.002 par value; 50,000,000 authorized, 19,304,921 issued and outstanding as of December 31, 2018 and 2017 38,609 38,609
Additional paid-in capital (28,582,654) (28,582,654)
Reserves 20,007,007 17,562,357
Accumulated other comprehensive income 6,655,803 15,903,188
Retained earnings 178,535,378 168,244,329
Total SORL Auto Parts, Inc. Stockholders' Equity 176,654,143 173,165,829
Noncontrolling Interest In Subsidiaries 28,814,893 27,126,102
Total Equity 205,469,036 200,291,931
Total Liabilities and Equity $ 794,371,526 $ 582,315,942