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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities    
Net (loss) income $ (147,531) $ 1,655,021
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 111,044 112,017
Deferred tax expense 0 31,704
Stock compensation expense 175,962 595,677
Changes in bad debt allowance (169,432) 321,970
Changes in operating assets and liabilities:    
Accounts receivable 54,878,677 (941,413)
Advance to suppliers 4,762,930 (2,181,584)
Inventories (92,918) 153,740
Other current assets 14,116 35,452
Operating lease right-of-use assets, net 107,357 0
Accounts payable (3,617,093) (295,656)
Advance from customers 9,176 23,395
Accrued liabilities and other payables (539,215) (113,806)
Operating lease liabilities, non-current (107,357) 0
Taxes payable (104,997) 215,554
Net Cash Provided by (Used in) Operating Activities 55,280,719 (387,929)
Cash Flows From Investing Activities    
Purchase of property and equipment (24,911) (11,499)
Net Cash Used in Investing Activities (24,911) (11,499)
Cash Flows From Financing Activities    
Proceeds from line of credit and bank loan 11,796,018 15,923,479
Repayment to line of credit and bank loan (18,044,180) (20,125,597)
Net Cash Used in Financing Activities (6,248,162) (4,202,118)
Net Increase (Decrease) in Cash and Cash Equivalents 49,007,646 (4,601,546)
Cash and Cash Equivalents, Beginning of Period 890,408 5,722,716
Cash and Cash Equivalents, End of Period 49,898,054 1,121,170
Cash paid during the period for:    
Income tax payments 78 0
Interest paid $ 36,143 $ 31,582