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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 1,124,439 $ 2,665,802
Restricted cash 1,380,509 1,088,879
Bankers acceptance notes 22,920
Trade accounts receivable, less allowance for doubtful accounts of $17,641,435 and $15,664,496, respectively 2,908,517 3,999,809
Other receivables, less allowance for doubtful accounts of $55,795 and $71,548, respectively 177,002 224,373
Advances to suppliers 2,387,356 2,003,792
Inventory 6,828,532 7,310,939
Prepaid expenses 168,115 226,357
Total Current Assets 14,997,390 17,519,951
Advances for purchases of intangible assets 35,414,977 35,498,059
Property, plant and equipment, net 24,153,087 24,967,448
Intangible assets, net 429,052 534,682
TOTAL ASSETS 74,994,506 78,520,140
Current Liabilities:    
Trade accounts payable 1,890,927 3,060,374
Accrued expenses 321,005 139,830
Other payables 2,560,631 2,502,694
Advances from customers 585,041 811,232
Other payables - related parties 1,354,567 1,354,567
Current portion of construction loan facility 2,292,001 1,440,154
Banker's acceptance notes payable 1,380,509 1,088,879
Total Current Liabilities 10,384,681 10,397,730
Non-current Liabilities:    
Construction loan facility 6,876,003 8,640,927
Deferred tax liability 703,044 572,349
Total Liabilities 17,963,728 19,611,006
Stockholders' Equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 95,000,000 shares authorized; 43,579,557 shares and 43,579,557 shares outstanding, respectively 43,580 43,580
Additional paid-in capital 23,590,204 23,590,204
Retained earnings 19,307,138 24,757,374
Accumulated other comprehensive income 14,089,856 10,517,976
Total Stockholders' Equity 57,030,778 58,909,134
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 74,994,506 $ 78,520,140