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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ 2,424,394 $ (4,313,420)
Net cash provided by operating activities    
Depreciation and amortization 3,218,794 3,268,153
Bad debt (recover) expense (2,231,756) 2,778,713
Changes in operating assets and liabilities:    
Accounts receivable and other receivable (223,648) (48,518)
Advances to suppliers (10,474) (162,847)
Other current assets (35,956) 1,100
Accounts payable and accrued expenses 176,821 24,064
Advances from customers 127,489 123,863
Income and other taxes payable 127,802 14,658
Net cash provided by operating activities 3,573,466 1,685,766
Cash flows from investing activities:    
Purchase of property & equipment (41,902) (631)
Net cash used in investing activities (41,902) (631)
Cash flows from financing activities:    
Bank loans repayment (16,228,054) 162,306
Proceeds from issuance of shares 7,544,000 0
Receipt of loan receivable 6,217,034 0
Net cash provided by (used in) financing activities (2,467,020) 162,306
Effect of exchange differences (44,545) (163,655)
Net increase in cash and cash equivalents 1,019,999 1,683,785
Cash and cash equivalents, beginning of period 8,799,261 7,115,476
Cash and cash equivalents, end of period 9,819,260 8,799,261
Supplemental disclosures of cash flow information:    
Interest paid 883,400 2,148,111
Income taxes $ 0 $ 0