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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 883,948 $ 5,722,716
Accounts receivable, net 53,718,740 54,006,513
Advance to suppliers 19,721,445 8,580,609
Inventories 5,787,459 6,374,560
Prepaid expenses and other receivables 186,400 232,935
Total Current Assets 80,297,992 74,917,333
Noncurrent Assets    
Plant, property and equipment, net 141,719 157,246
Lease deposit 43,260 43,260
Goodwill 218,606 218,606
Intangible assets, net 3,897,580 4,202,608
Deferred tax asset 318,961 318,961
Total Noncurrent Assets 4,620,126 4,940,681
Total Assets 84,918,118 79,858,014
Current Liabilities    
Accounts payable 3,449,481 1,634,554
Line of credit 4,851,825 0
Advance from customers 99,402 19,826
Accrued liabilities and other payables 594,536 847,756
Income tax payable 394,562 178,307
Total Current Liabilities 9,389,806 2,680,443
Noncurrent Liabilities    
Line of credit 0 4,202,118
Income tax payable 3,579,320 4,527,849
Total Noncurrent Liabilities 3,579,320 8,729,967
Total Liabilities 12,969,126 11,410,410
Contingencies and Commitments
Stockholders' Equity    
Common stock, $0.001 par value; 75,000,000 shares authorized, 28,474,490 and 28,191,927 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 28,474 28,192
Additional paid-in capital 39,657,190 38,682,377
Statutory reserves 6,241 6,241
Retained earnings 32,257,087 29,730,794
Total Stockholders' Equity 71,948,992 68,447,604
Total Liabilities and Stockholders' Equity $ 84,918,118 $ 79,858,014