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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 2,346,109 $ 1,145,103
Restricted cash, current 797,668 707,120
Accounts receivable 1,932,924 865,491
Advances to suppliers 633,554 711,751
Inventories 9,135,332 5,973,124
Due from related parties 361,961 35,842
Prepayments and other current assets 371,796 383,932
Total current assets 15,579,344 9,822,363
NON-CURRENT ASSETS:    
Restricted cash, non-current 500,000
Property, plant and equipment, net 3,520,373 3,306,735
Land use rights, net 211,023 110,821
Total non-current assets 4,231,396 3,417,556
Total assets 19,810,740 13,239,919
CURRENT LIABILITIES:    
Accounts payable 4,734,110 3,262,375
Account payable - related parties 152,298 111,139
Notes payable 1,377,106 1,414,232
Advances from customers 231,230 802,339
Advances from customers - related party 7,520
Short term loans 1,402,514 1,728,185
Taxes payable 13,562 124,829
Due to related parties 345,873 1,120,702
Other current liabilities 392,435 409,571
Total current liabilities 8,656,648 8,973,372
NON-CURRENT LIABILITIES:    
Deferred tax liabilities 5,810 13,795
Total liabilities 8,662,458 8,987,167
STOCKHOLDERS' EQUITY    
Common stock ($0.001 par value; 200,000,000 shares authorized; 9,423,750 and 7,900,000 shares issued and outstanding at December 31, 2017 and 2016) 9,424 7,900
Additional paid-in capital 9,947,084 4,406,561
Stock subscription receivable (100,000) (927,730)
Statutory reserves 160,014 140,570
Retained earnings 823,474 727,807
Accumulated other comprehensive income (loss) 308,286 (102,356)
Total stockholders' equity 11,148,282 4,252,752
Total liabilities and stockholders' equity $ 19,810,740 $ 13,239,919