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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 26,769,953 $ 14,989,553
Adjustments to reconcile net income to net cash provided by operating activities:    
Interest on capital lease obligation 147,808 153,630
Amortization of prepaid land leases 510,506 435,642
Depreciation and amortization 21,954,512 20,602,061
Write-off/Impairment on property, plant and equipment 819,701 673,705
Loss from disposal of property , plant and equipment 0 9,866
Currency translation adjustment on inter-company balances (1,037,429) (237,028)
Stock-based compensation expense 353,300 30,000
Deferred tax asset (81,460) 0
Changes in assets and liabilities, net of effects of acquisition :    
Accounts receivable (15,762,057) (3,830,608)
Inventories (623,454) (22,314)
Prepayments and deposits 80,711 (249,255)
Other receivables 37,713 0
Accounts payable and accrued expenses (56,477) 747,789
Retention payable 248,266 113,935
Taxes payable 1,554,226 (940,835)
Net cash provided by operating activities 34,915,819 32,476,141
CASH FLOWS USED IN INVESTING ACTIVITIES    
Additions of prepaid land leases (683,129) (664,106)
Proceeds from sales of property, plant and equipment 0 21,514
Purchase of property, plant and equipment (2,792,700) (6,459,250)
Consideration paid for business acquisition (66,305,606) 0
Cash acquired from acquisition 14,074,720 0
Net cash used in investing activities (55,706,715) (7,101,842)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Repayment of capital lease obligation (306,683) (304,806)
Repurchase of common stock (37,713) 0
Net cash used in financing activities (344,396) (304,806)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (4,558,171) (1,031,745)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (25,693,463) 24,037,748
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 146,585,601 107,828,800
CASH AND CASH EQUIVALENTS - END OF PERIOD 120,892,138 131,866,548
Cash paid during the period for:    
Income taxes 7,527,690 5,865,449
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock upon cashless exercise of options 49 73
Issuance of common stock for acquisition of business $ 13,373,140 $ 0