XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Net revenues $ 28,473,016 $ 24,443,736 $ 16,312,274
Net revenues - related party 506,495
Total revenues 28,979,511 24,443,736 16,312,274
Cost of revenues 20,283,321 17,368,249 12,289,773
Cost of revenues - related party 399,177
Total cost of revenues 20,682,498 17,368,249 12,289,773
Gross profit 8,297,013 7,075,487 4,022,501
Operating expenses:      
Selling expense 4,882,367 3,439,843 1,820,700
General and administrative expense 2,095,676 1,407,787 931,107
Research and development expense 1,051,665 1,076,568 593,962
Total operating expenses 8,029,708 5,924,198 3,345,769
Income from operations 267,305 1,151,289 676,732
Interest expense (82,946) (102,274) (117,366)
Government subsidies 414 21,912 22,116
Other income 19,305 51,535 156,908
Other expense (144,069) (23,490) (2,056)
Total other income (expenses) (207,296) (52,317) 59,602
Income before income taxes provision (benefit) 60,009 1,098,972 736,334
Income tax provision (benefit) (55,102) 89,801 269,581
Net income 115,111 1,009,171 466,753
Comprehensive income      
Net income 115,111 1,009,171 466,753
Other comprehensive income (loss)      
Foreign currency translation adjustment 410,642 (221,418) (143,434)
Total comprehensive income $ 525,753 $ 787,753 $ 323,319
Earnings per common share      
Basic $ 0.01 $ 0.13 $ 0.06
Diluted $ 0.01 $ 0.13 $ 0.06
Weighted average common shares outstanding      
Basic 8,303,853 7,900,000 7,900,000
Diluted 8,303,853 7,900,000 7,900,000