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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (8,696,959) $ (18,670,871)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Interest on finance lease obligation 102,220 111,020
Depreciation and amortization 11,907,702 10,599,011
Unrealized exchange gain on translation of inter-company balances 648,331 (778,420)
Deferred tax asset (1,712,229) 4,968,318
Issuance of restricted shares for services 2,350,250 21,600
Issuance of stock options to employee 0 45,900
Changes in assets and liabilities:    
Accounts receivable (2,273,999) (9,962,625)
Inventories 300,136 (700,476)
Prepayments and deposits 36,012 (28,577)
Other receivables 0 11,794
Accounts and other payable and accrued expenses 371,284 2,708,456
Retention payable 0 0
Taxes payable 716,371 (437,560)
Prepaid land leases (372,259) 0
Operating leases (118,850) (208,210)
Net cash provided by (used in) by operating activities 3,258,010 (12,320,640)
CASH FLOWS USED IN INVESTING ACTIVITIES    
Purchase of property, plant and equipment (9,860,142) (57,317,368)
Net cash used in investing activities (9,860,142) (57,317,368)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Repayment of finance lease obligation (264,976) (275,506)
Net cash used in financing activities (264,976) (275,506)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 2,188,934 (3,866,852)
NET DECREASE IN CASH AND CASH EQUIVALENTS (4,678,174) (73,780,366)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 100,301,986 178,998,935
CASH AND CASH EQUIVALENTS - END OF PERIOD 95,623,812 105,218,569
Cash paid during the period for:    
Income taxes 0 0
Operating right-of-use assets obtained in exchange for lease obligations 0 8,241,818
SUPPLEMENTAL DISCLOSURE OF CASH NON-CASH INVESTING AND FINANCING ACTIVITIES    
Purchase of property, plant and equipment included in payable and other accrued expense and retention payable 1,251,136 7,116,066
Par value of common stock issued upon cashless exercise of options 0 379
Par value of restricted shares issued for services $ 235 $ 0