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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 loss $ (9,157,571) $ (17,361,167)
Depreciation and amortization 2,769,761 1,014,221
Bad debt expense 6,045,352 15,280,588
Inventory obsolencence reserve 677,209 0
Deferred income taxes 460,537 57,758
Changes in assets and liabilities:    
Trade accounts and other receivables (2,642,445) (3,371,398)
Advances to suppliers (1,746,117) (1,468,882)
Inventory 3,314,458 7,671,072
Trade accounts payable 2,061,895 1,338,724
Accrued taxes payable 16,307 (34,638)
Other payables and accrued expenses (18,951) (90,108)
Advances from customers (1,128,459) (439,740)
Net Cash Provided by Operating Activities 651,976 2,596,430
Cash Flows from Investing Activities:    
Purchases of property and equipment and 0 0
construction in process (310,247) (4,638,265)
Advnces for purchases of intangible assets 0 (244,073)
Bankers acceptances redeemed for cash 306,904 0
Net Cash Used in Investing Activities (3,343) (4,882,338)
Cash Flows from Financing Activity:    
Proceeds from construction term loan 0 604,756
Net Cash Provided by Financing Activity 0 604,756
Effect of Exchange Rate Changes on Cash (226,914) (42,950)
Net (Decrease) Increase in Cash and Cash Equivalents 421,719 (1,724,102)
Cash and Cash Equivalents at Beginning of Period 5,319,990 5,993,139
Cash and Cash Equivalents at End of Period 5,741,709 4,269,037
Supplemental Cash Flow Information:    
Cash paid for interest 905,151 943,251
Cash paid for income taxes 0 0
Supplemental Noncash Investing and Financing Activities:    
Accounts payable for purchases of property and equipment 137,854 69,378
Accounts receivable collected with banker's acceptances 1,968,818 1,955,808
Inventory purchased with banker's acceptances 1,400,447 2,173,689
Advances for intangible assets purchased with banker's acceptances $ 395,445 $ 0