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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 1,121,170 $ 5,722,716
Accounts receivable, net 54,625,956 54,006,513
Advance to suppliers 10,762,192 8,580,609
Inventories 6,220,820 6,374,560
Prepaid expenses and other receivables 171,197 232,935
Total Current Assets 72,901,335 74,917,333
Noncurrent Assets    
Plant, property and equipment, net 158,405 157,246
Lease deposit 43,260 43,260
Goodwill 218,606 218,606
Intangible assets, net 4,100,932 4,202,608
Deferred tax asset 318,961 318,961
Total Noncurrent Assets 4,840,164 4,940,681
Total Assets 77,741,499 79,858,014
Current Liabilities    
Accounts payable 1,338,898 1,634,554
Advance from customers 43,221 19,826
Accrued liabilities and other payables 733,362 847,756
Income tax payable 393,861 178,307
Total Current Liabilities 2,509,342 2,680,443
Noncurrent Liabilities    
Line of credit 0 4,202,118
Income tax payable 4,559,553 4,527,849
Total Noncurrent Liabilities 4,559,553 8,729,967
Total Liabilities 7,068,895 11,410,410
Contingencies and Commitments
Stockholders’ Equity    
Common stock, $0.001 par value; 75,000,000 shares authorized, 28,301,738 and 28,191,927 shares issued and outstanding; as of March 31, 2018 and December 31, 2017, respectively 28,302 28,192
Additional paid-in capital 39,252,246 38,682,377
Statutory reserves 6,241 6,241
Retained earnings 31,385,815 29,730,794
Total Stockholders’ Equity 70,672,604 68,447,604
Total Liabilities and Stockholders’ Equity $ 77,741,499 $ 79,858,014