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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
NET REVENUE        
Net revenue $ 6,009,409 $ 4,594 $ 6,047,979 $ 2,251,861
OPERATING INCOME (EXPENSE)        
Cost of net revenue (2,990,330) (7) (3,026,737) (1,241,816)
Sales, marketing and other operating expenses (6,613) (21,025) (6,613) (55,999)
Direct labor and factory overheads incurred during plant shutdown (2,875,285) (5,689,486) (7,168,307) (11,385,005)
General and administrative expenses (1,335,347) (1,125,683) (3,440,518) (4,697,628)
Total Costs and Expenses (7,207,575) (6,836,201) (13,642,175) (17,380,448)
LOSS FROM OPERATIONS (1,198,166) (6,831,607) (7,594,196) (15,128,587)
OTHER INCOME (EXPENSE)        
Interest expense (38,396) (43,185) (77,220) (86,529)
Interest income 132,873 178,678 268,452 348,156
LOSS BEFORE TAXES (1,103,689) (6,696,114) (7,402,964) (14,866,960)
INCOME TAX BENEFIT 365,983 1,883,241 1,761,120 3,076,987
NET LOSS (737,706) (4,812,873) (5,641,844) (11,789,973)
COMPREHENSIVE LOSS:        
NET LOSS (737,706) (4,812,873) (5,641,844) (11,789,973)
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation adjustments (6,603,591) (20,586,976) (437,241) (4,638,065)
COMPREHENSIVE LOSS $ (7,341,297) $ (25,399,849) $ (6,079,085) $ (16,428,038)
LOSS PER SHARE:        
BASIC $ (0.02) $ (0.10) $ (0.12) $ (0.25)
DILUTED $ (0.02) $ (0.10) $ (0.12) $ (0.25)
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC 47,214,075 46,803,791 47,068,417 46,803,791
DILUTED 47,214,075 46,803,791 47,068,417 46,815,089