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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 1,815,162 $ 890,408
Accounts receivable, net 9,021,871 67,457,261
Advance to suppliers 36,623,592 10,625,021
Inventories 25,345,239 6,371,112
Prepaid expenses and other receivables 380,713 105,812
Prepaid income tax 11,831 0
Total Current Assets 73,198,408 85,449,614
Noncurrent Assets    
Plant, property and equipment, net 145,450 147,096
Operating lease right-of-use assets, net 2,778,977 0
Lease deposit 43,260 43,260
Goodwill 218,606 218,606
Intangible assets, net 3,490,876 3,795,904
Deferred tax asset 0 436,449
Total Noncurrent Assets 6,677,169 4,641,315
Total Assets 79,875,577 90,090,929
Current Liabilities    
Accounts payable 458,982 4,145,927
Line of credit 0 6,248,162
Operating lease liability, current 470,672 0
Advance from customers 72,065 45,309
Accrued liabilities and other payables 356,807 808,629
Income tax payable 0 584,874
Total Current Liabilities 1,358,526 11,832,901
Noncurrent Liabilities    
Operating lease liability, non-current 2,335,834 0
Income tax payable 1,931,258 3,351,652
Total Noncurrent Liabilities 4,267,092 3,351,652
Total Liabilities 5,625,618 15,184,553
Contingencies and Commitments
Stockholders' Equity    
Common stock, $0.001 par value; 75,000,000 shares authorized; 28,868,009 and 28,566,652 shares issued and outstanding, as of September 30, 2019 and December 31, 2018, respectively 28,868 28,567
Additional paid-in capital 40,281,750 39,841,149
Statutory reserves 6,241 6,241
Treasury stock, at cost, 677,727 and nil shares as of September 30, 2019 and December 31, 2018, respectively (515,455) 0
Retained earnings 34,448,555 35,030,419
Total Stockholders' Equity 74,249,959 74,906,376
Total Liabilities and Stockholders' Equity $ 79,875,577 $ 90,090,929