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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
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12 Months Ended | |
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Dec. 31, 2014
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Dec. 31, 2013
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| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) available to common stockholders | $ (17,356,472)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ (26,818,546)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation & amortization | 2,174,049us-gaap_DepreciationDepletionAndAmortization | 2,366,220us-gaap_DepreciationDepletionAndAmortization |
| Loss on impairment of asset valuation | 0us-gaap_AssetImpairmentCharges | 7,346,776us-gaap_AssetImpairmentCharges |
| Extraordinary loss | 0us-gaap_ExtraordinaryItemNetOfTax | 1,212,430us-gaap_ExtraordinaryItemNetOfTax |
| Provision for Inventory valuation | 0deyu_InventoryValuationReserve | 4,478,174deyu_InventoryValuationReserve |
| Bad debt expenses | 1,238,755us-gaap_ProvisionForDoubtfulAccounts | 1,925,357us-gaap_ProvisionForDoubtfulAccounts |
| Write-off of allowance for doubtful accounts | (834,917)us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries | 0us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries |
| Share-based compensation | 2,375us-gaap_ShareBasedCompensation | 44,504us-gaap_ShareBasedCompensation |
| Preferred stock dividends accrued | 418,624deyu_PreferredStockDividendsAccrued | 478,769deyu_PreferredStockDividendsAccrued |
| Common stocks issued for services | 0deyu_CommonStocksRetiredForServiceContractTermination | (57,200)deyu_CommonStocksRetiredForServiceContractTermination |
| Noncontrolling interests | (1,039)deyu_NoncontrollingInterests | (4,160)deyu_NoncontrollingInterests |
| Decrease (increase) in current assets: | ||
| Accounts receivable | 9,694,132us-gaap_IncreaseDecreaseInAccountsReceivable | 1,649,532us-gaap_IncreaseDecreaseInAccountsReceivable |
| Related-parties trade receivable | 43,660us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties | 358,771us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties |
| Inventories | 5,165,207us-gaap_IncreaseDecreaseInInventories | 11,182,382us-gaap_IncreaseDecreaseInInventories |
| Advance to suppliers | 3,548,568deyu_IncreaseDecreaseInAdvanceToSuppliers | 1,931,601deyu_IncreaseDecreaseInAdvanceToSuppliers |
| Prepaid expense and other current assets | 22,796deyu_IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets | (244,860)deyu_IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets |
| Increase (decrease) in liabilities: | ||
| Accounts payable | (4,002,968)us-gaap_IncreaseDecreaseInAccountsPayable | 1,841,803us-gaap_IncreaseDecreaseInAccountsPayable |
| Advance from customers | 30,332us-gaap_IncreaseDecreaseInCustomerAdvances | (319,381)us-gaap_IncreaseDecreaseInCustomerAdvances |
| Accrued expense and other liabilities | 477,625us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities | (1,631,079)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities |
| Net cash provided by operating activities | 620,727us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 5,741,093us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of machinery and equipment | (220,429)us-gaap_PaymentsToAcquireMachineryAndEquipment | (518,165)us-gaap_PaymentsToAcquireMachineryAndEquipment |
| Construction and remodeling of factory and warehouses | (356,410)us-gaap_PaymentsForConstructionInProcess | |
| Net cash used in investing activities | (576,839)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (518,165)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net proceeds (repayment) of short-term loans from related parties | 0us-gaap_ProceedsFromRepaymentsOfShortTermDebt | (9,053,440)us-gaap_ProceedsFromRepaymentsOfShortTermDebt |
| Net repayment from short-term loans from bank and others | (14,606)us-gaap_RepaymentsOfBankDebt | (1,024,757)us-gaap_RepaymentsOfBankDebt |
| Cash released from restriction for credit line of bank loans | 16,228us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities | 809,997us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities |
| Net cash provided by (used in) financing activities | 1,622us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (9,268,200)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| EFFECT OF EXCHANGE RATE CHANGE ON CASH AND CASH EQUIVALENTS | (12,049)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations | 87,275us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations |
| NET (DECREASE) INCREASE IN CASH & CASH EQUIVALENTS | 33,461us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (3,957,997)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| CASH & CASH EQUIVALENTS, BEGINNING BALANCE | 979,282us-gaap_CashAndCashEquivalentsAtCarryingValue | 4,937,279us-gaap_CashAndCashEquivalentsAtCarryingValue |
| CASH & CASH EQUIVALENTS, ENDING BALANCE | 1,012,743us-gaap_CashAndCashEquivalentsAtCarryingValue | 979,282us-gaap_CashAndCashEquivalentsAtCarryingValue |
| SUPPLEMENTAL DISCLOSURES: | ||
| Income tax paid | 468,715us-gaap_IncomeTaxesPaid | 841,593us-gaap_IncomeTaxesPaid |
| Interest paid | 424,789us-gaap_InterestPaid | 743,653us-gaap_InterestPaid |
| NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Construction completed and transferred to property, plant, and equipment | 0deyu_ConstructionCompletedAndTransferredToPropertyPlantAndEquipment | 767,494deyu_ConstructionCompletedAndTransferredToPropertyPlantAndEquipment |
| Construction transferred to land use rights | $ 0deyu_ConstructionCompletedAndTransferredToLandUseRights | $ 1,045,640deyu_ConstructionCompletedAndTransferredToLandUseRights |
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Fair value of Common stocks retired for service contract termination granted to nonemployees as payment for services rendered or acknowledged claims. No definition available.
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Amount of construction completed and transferred to land use rights under non-cash investing and financing activities during the reporting period. No definition available.
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Amount of construction completed and transferred to property, plant and equipment under non-cash investing and financing activities during the reporting period. No definition available.
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The increase (decrease) during the period in the carrying amount of advance to suppliers. No definition available.
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The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods and also includes the increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows. No definition available.
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consideration such factors as market value, excessive quantities based on expected sales, technological obsolescence, and shrinkage. May also provide for estimated product returns or price concessions pertaining to product cost No definition available.
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The value of noncontrolling interest during the reporting period. No definition available.
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Equity impact of stock dividends accrued for preferred shareholders during the period. No definition available.
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Amount of recoveries of receivables doubtful of collection that were previously charged off. No definition available.
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Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net of tax amount of gain (loss) classified as extraordinary item, including amount attributable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the amount due to the reporting entity for good and services provided to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management, an entity and its principal owners, management, member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate amount of accrued expenses and other operating obligations not separately disclosed in the statement of cash flows. No definition available.
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The increase (decrease) during the reporting period in the amount of prepayments by customers for goods or services to be provided at a later date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow from construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for acquisition of machinery and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net cash inflow or outflow from cash and cash items that are not available for withdrawal or usage. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow to settle a bank borrowing during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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