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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (25,800,045) $ (69,963,986)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Interest on finance lease obligation 144,881 159,839
Amortization of prepaid land leases 0 761,713
Depreciation and amortization 14,060,927 17,443,318
Allowance for obsolete and slow-moving inventories 0 21,248
Write-off/impairment loss on property, plant and equipment 0 1,397,313
Write-off of prepaid land lease 0 4,004,788
Loss on demolition of factory 0 (18,644,473)
Impairment for goodwill 0 (27,966,050)
Unrealized translation difference (421,657) (1,315,454)
Deferred tax asset 2,746,770 (13,087,855)
Stock-based compensation expense - options 45,900 496,200
Shares issued from treasury stock for services 21,600 0
Changes in assets and liabilities:    
Accounts receivable (5,070,180) 30,241,680
Other receivables 11,794 (11,289)
Inventories (700,476) 1,192,262
Prepayments and deposits 14,166 (81,469)
Payable and accrued expenses (102,963) (106,163)
Retention payable 0 (597,991)
Taxes payable (374,575) 175,994
Operating lease 114,746 0
Net cash (used in) provided by operating activities (15,309,112) 17,340,671
CASH FLOWS USED IN INVESTING ACTIVITIES    
Additions of prepaid land leases 0 (680,975)
Purchase of property, plant and equipment (60,611,949) (35,273,307)
Net cash used in investing activities (60,611,949) (35,954,282)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Repayment of capital lease obligation (275,509) (294,295)
Net cash used in financing activities (275,509) (294,295)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (2,500,379) (10,999,918)
NET DECREASE IN CASH AND CASH EQUIVALENTS (78,696,949) (29,907,824)
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 178,998,935 208,906,759
CASH AND CASH EQUIVALENTS - END OF YEAR 100,301,986 178,998,935
Cash paid during the period for:    
Income taxes 0 0
Operating right-of-use assets obtained in exchange for lease obligations 8,241,818 0
SUPPLEMENTAL DISCLOSURE OF CASH NON-CASH INVESTING AND FINANCING ACTIVITIES    
Purchase of property, plant and equipment included in retention payable 3,515,132 0
Par value of common stock issued upon cashless exercise of options $ 379 $ 0