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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 49,898,054 $ 890,408
Accounts receivable, net 12,748,016 67,457,261
Advance to suppliers 5,862,091 10,625,021
Inventories 6,464,030 6,371,112
Prepaid expenses and other receivables 80,874 105,812
Total Current Assets 75,053,065 85,449,614
Noncurrent Assets    
Plant, property and equipment, net 162,639 147,096
Operating lease right-of-use assets, net 3,025,279 0
Lease deposit 43,260 43,260
Goodwill 218,606 218,606
Intangible assets, net 3,694,228 3,795,904
Deferred tax asset 436,449 436,449
Total Noncurrent Assets 7,580,461 4,641,315
Total Assets 82,633,526 90,090,929
Current Liabilities    
Accounts payable 528,834 4,145,927
Line of credit 0 6,248,162
Operating lease liabilities, current 450,437 0
Advance from customers 54,485 45,309
Accrued liabilities and other payables 269,414 808,629
Income tax payable 455,435 584,874
Total Current Liabilities 1,758,605 11,832,901
Noncurrent Liabilities    
Operating lease liabilities, non-current 2,574,842  
Income tax payable 3,376,094 3,351,652
Total Noncurrent Liabilities 5,950,936 3,351,652
Total Liabilities 7,709,541 15,184,553
Contingencies and Commitments
Stockholders' Equity    
Common stock, $0.001 par value; 75,000,000 shares authorized, 28,686,452 and 28,566,652 shares issued and outstanding; as of March 31, 2019 and December 31, 2018, respectively 28,686 28,567
Additional paid-in capital 40,006,170 39,841,149
Statutory reserves 6,241 6,241
Retained earnings 34,882,888 35,030,419
Total Stockholders' Equity 74,923,985 74,906,376
Total Liabilities and Stockholders' Equity $ 82,633,526 $ 90,090,929