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Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock
Additional paid-in capital
Retained Earnings Unrestricted
Retained Earnings Statutory reserve
Accumulated other Comprehensive loss
Amounts due from related party
Total equity attributable to stockholders of the Company
Non-controlling Interest
Total
Balance at Dec. 31, 2018 $ 15 $ 3,627 $ 105,914 $ 19,083 $ (3,578) $ (10,354) $ 114,707 $ (1,551) $ 113,156
Balance, shares at Dec. 31, 2018 14,798,198                
Stock issued for compensation $ 0 8 8   8
Stock issued for compensation, shares 1,942                
Net (loss) income (521) (521) 66 (455)
Net cash received from related party under counter guarantee agreement 1,101 1,101 1,101
Foreign currency translation loss         3,972 3,972 34 4,006
Balance at Mar. 31, 2019 $ 15 3,635 105,393 19,083 394 (9,253) 119,267 (1,451) 117,816
Balance, shares at Mar. 31, 2019 14,800,140                
Balance at Dec. 31, 2018 $ 15 3,627 105,914 19,083 (3,578) (10,354) 114,707 (1,551) 113,156
Balance, shares at Dec. 31, 2018 14,798,198                
Net (loss) income                 1,318
Balance at Jun. 30, 2019 $ 15 3,635 107,249 19,083 (2,093) (7,863) 120,026 (1,500) 118,526
Balance, shares at Jun. 30, 2019 14,800,140                
Balance at Mar. 31, 2019 $ 15 3,635 105,393 19,083 394 (9,253) 119,267 (1,451) 117,816
Balance, shares at Mar. 31, 2019 14,800,140                
Net (loss) income     1,856       1,856 (83) 1,773
Net cash received from related party under counter guarantee agreement           1,390 1,390   1,390
Foreign currency translation loss         (2,487)   (2,487) 34 (2,453)
Balance at Jun. 30, 2019 $ 15 3,635 107,249 19,083 (2,093) (7,863) 120,026 (1,500) 118,526
Balance, shares at Jun. 30, 2019 14,800,140                
Balance at Dec. 31, 2019 $ 15 3,640 106,328 19,939 (4,330) (4,932) 120,660 (1,510) 119,150
Balance, shares at Dec. 31, 2019 14,801,770                
Stock issued for compensation $ 0 5 5   5
Stock issued for compensation, shares 3,062                
Net (loss) income     (2,701) (2,701) 3 (2,698)
Net cash received from related party under counter guarantee agreement 785 785 785
Foreign currency translation loss         (1,440) (1,440) 3 (1,437)
Balance at Mar. 31, 2020 $ 15 3,645 103,627 19,939 (5,770) (4,147) 117,309 (1,504) 115,805
Balance, shares at Mar. 31, 2020 14,804,832                
Balance at Dec. 31, 2019 $ 15 3,640 106,328 19,939 (4,330) (4,932) 120,660 (1,510) 119,150
Balance, shares at Dec. 31, 2019 14,801,770                
Net (loss) income                 (6,498)
Balance at Jun. 30, 2020 $ 15 3,645 99,833 19,939 (6,031) (3,996) 113,405 (1,512) 111,893
Balance, shares at Jun. 30, 2020 14,804,832                
Balance at Mar. 31, 2020 $ 15 3,645 103,627 19,939 (5,770) (4,147) 117,309 (1,504) 115,805
Balance, shares at Mar. 31, 2020 14,804,832                
Net (loss) income     (3,794)       (3,794) (6) (3,800)
Net cash received from related party under counter guarantee agreement           151 151   151
Foreign currency translation loss         (261)   (261) (2) (263)
Balance at Jun. 30, 2020 $ 15 $ 3,645 $ 99,833 $ 19,939 $ (6,031) $ (3,996) $ 113,405 $ (1,512) $ 111,893
Balance, shares at Jun. 30, 2020 14,804,832