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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 48,551 $ 47,012
Accounts receivable, net 78,053 86,527
Inventories 67,355 65,929
Value added tax receivable 2,495 2,580
Other receivables and prepaid expenses 7,497 10,204
Advances on inventory purchases 9,681 6,420
Amounts due from related parties 123 192
Total Current Assets 213,755 218,864
NONCURRENT ASSETS    
Intangible assets, net 4,729 4,962
Property and equipment, net 28,812 28,445
Operating lease right-of-use assets 53,379
Deferred tax assets 996
Total Non-Current Assets 87,916 33,407
TOTAL ASSETS 301,671 252,271
CURRENT LIABILITIES    
Bank loans 29,931 29,497
Accounts payable 72,418 78,412
Accounts payable and other payables - related parties 4,811 4,756
Other payables and accrued liabilities 19,137 21,958
Value added and other taxes payable 1,657 2,569
Income tax payable 1,142 1,569
Current operating lease liabilities 44,888
Total Current Liabilities 173,984 138,761
NONCURRENT LIABILITIES    
Deferred tax liabilities 354
Non-current operating lease liabilities 8,537
TOTAL LIABILITIES 182,521 139,115
NOTE 13 COMMITMENTS AND CONTINGENCIES
Stockholders' equity:    
Preferred stock ($0.001 par value, authorized 5,000,000 shares, no shares issued and outstanding)
Common stock ($0.001 par value, authorized 50,000,000 shares, 14,801,770 and 14,798,198 shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively) 15 15
Additional paid-in capital 3,640 3,627
Retained earnings 106,328 105,914
Statutory reserve 19,939 19,083
Accumulated other comprehensive loss (4,330) (3,578)
Amounts due from related party (4,932) (10,354)
Total equity attributable to stockholders of the Company 120,660 114,707
Noncontrolling interest (1,510) (1,551)
Total Equity 119,150 113,156
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 301,671 $ 252,271