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Consolidated Statements of Equity - USD ($)
Common Stock
Additional paid-in capital
Retained Earnings Unrestricted
Retained Earnings Statutory reserve
Accumulated other Comprehensive income
Amounts due from related party
Total equity attributable to stockholders of the Company
Non-controlling Interest
Total
Balance at Dec. 31, 2017 $ 15,000 $ 3,620,000 $ 95,195,000 $ 17,794,000 $ 2,585,000 $ (15,449,000) $ 103,760,000 $ (1,062,000) $ 102,698,000
Balance, shares at Dec. 31, 2017 14,795,992                
Stock issued for compensation $ 2 7,000         7,000   7,000
Stock issued for compensation, shares 2,206                
Net income (loss)     12,008,000     12,008,000 (568,000) 11,440,000
Transfer to reserve     (1,289,000) 1,289,000      
Net cash paid to related party under counter guarantee agreement           5,095,000 5,095,000 5,095,000
Foreign currency translation gain         (6,163,000)   (6,163,000) 79,000 (6,084,000)
Balance at Dec. 31, 2018 $ 15,000 3,627,000 105,914,000 19,083,000 (3,578,000) (10,354,000) 114,707,000 (1,551,000) 113,156,000
Balance, shares at Dec. 31, 2018 14,798,198                
Stock issued for compensation 13,000         13,000   13,000
Stock issued for compensation, shares 3,572                
Net income (loss)     1,270,000       1,270,000 (51,000) 1,219,000
Transfer to reserve (856,000) 856,000
Net cash paid to related party under counter guarantee agreement           5,422,000 5,422,000 5,422,000
Foreign currency translation gain         (752,000)   (752,000) 92,000 (660,000)
Balance at Dec. 31, 2019 $ 15,000 $ 3,640,000 $ 106,328,000 $ 19,939,000 $ (4,330,000) $ (4,932,000) $ 120,660,000 $ (1,510,000) $ 119,150,000
Balance, shares at Dec. 31, 2019 14,801,770