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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 890,408 $ 5,722,716
Accounts receivable, net 67,457,261 54,006,513
Advance to suppliers 10,625,021 8,580,609
Inventories 6,371,112 6,374,560
Prepaid expenses and other receivables 105,812 232,935
Total Current Assets 85,449,614 74,917,333
Noncurrent Assets    
Plant, property and equipment, net 147,096 157,246
Lease deposit 43,260 43,260
Goodwill 218,606 218,606
Intangible assets, net 3,795,904 4,202,608
Deferred tax asset 436,449 318,961
Total Noncurrent Assets 4,641,315 4,940,681
Total Assets 90,090,929 79,858,014
Current Liabilities    
Accounts payable 4,145,927 1,634,554
Line of credit 6,248,162 0
Advance from customers 45,309 19,826
Accrued liabilities and other payables 808,629 847,756
Income tax payable 584,874 178,307
Total Current Liabilities 11,832,901 2,680,443
Noncurrent Liabilities    
Line of credit 0 4,202,118
Income tax payable 3,351,652 4,527,849
Total Noncurrent Liabilities 3,351,652 8,729,967
Total Liabilities 15,184,553 11,410,410
Contingencies and Commitments
Stockholders’ Equity    
Common stock, $0.001 par value; 75,000,000 shares authorized, 28,566,652 and 28,191,927 shares issued and outstanding as of December 31, 2018 and 2017, respectively 28,567 28,192
Additional paid-in capital 39,841,149 38,682,377
Statutory reserves 6,241 6,241
Retained earnings 35,030,419 29,730,794
Total Stockholders’ Equity 74,906,376 68,447,604
Total Liabilities and Stockholders’ Equity $ 90,090,929 $ 79,858,014