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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities    
Net income $ 5,299,625 $ 3,764,611
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 444,383 1,524,863
Deferred tax (benefit) expense (117,488) 175,550
Stock compensation expense 1,194,759 2,175,973
Changes in bad debt allowance 13,241 305,519
Changes in operating assets and liabilities:    
Accounts receivable (13,463,989) (12,209,271)
Advance to suppliers (2,044,412) 5,089,143
Inventories 3,448 (3,593,437)
Other current assets 49,551 16,832
Accounts payable 2,511,373 (734,221)
Advance from customers 25,483 (494,054)
Accrued liabilities and other payables (28,668) 81,744
Taxes payable (769,630) 2,584,262
Net Cash Used in Operating Activities (6,882,324) (1,312,486)
Cash Flows From Investing Activities    
Assignment fee received 0 1,250,000
Purchase of property and equipment (27,529) (26,818)
Advances to unrelated parties 0 (8,835,000)
Repayment from unrelated parties 0 15,835,000
Net Cash (Used in) Provided by Investing Activities (27,529) 8,223,182
Cash Flows From Financing Activities    
Proceeds from line of credit and bank loan 67,576,418 48,674,442
Repayment to line of credit and bank loan (65,530,374) (52,450,165)
Proceeds from the exercise of options for common stock 31,501 0
Net Cash Provided by (Used in) Financing Activities 2,077,545 (3,775,723)
Net (decrease) increase in cash and cash equivalents (4,832,308) 3,134,973
Cash and cash equivalents, beginning of year 5,722,716 2,587,743
Cash and cash equivalents, end of year 890,408 5,722,716
Cash paid during the year for:    
Income tax payments 227,200 0
Interest expense $ 173,128 $ 185,860