XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net loss $ (417,731) $ (293,480)
Depreciation and amortization 795,483 861,430
Bad debt expense 13,312 1,834
Deferred income taxes 25,985
Non cash lease expense 1,233
Changes in assets and liabilities:    
Trade accounts and other receivables (145,935) (266,479)
Advances to suppliers (107,839) (237,165)
Inventory 389,589 427,741
Trade accounts payable 6,079 196,434
Accrued taxes payable (51,879) (163,335)
Other payables and accrued expenses (387,569) (52,823)
Advances from customers (12,285) 20,709
Prepaid expenses 8,065 2,888
Net Cash Provided by Operating Activities 90,523 523,739
Cash Flows from Investing Activities:    
Purchases of property and equipment (73,866) (3,627)
Net Cash Used in Investing Activities (73,866) (3,627)
Cash Flows from Financing Activities:    
Payments of construction term loan (148,227) (157,316)
Payments of related party payables (119,561)
Net Cash Used in Financing Activities (267,788) (157,316)
Effect of Exchange Rate Changes on Cash 25,821 75,025
Net (Decrease) Increase in Cash and Cash Equivalents (225,310) 437,821
Cash and Cash Equivalents at Beginning of Period 1,186,587 2,030,214
Cash and Cash Equivalents at End of Period 961,277 2,468,035
Supplemental Cash Flow Information:    
Cash paid for income taxes
Cash paid for interest 80,693 125,716
Supplemental Noncash Investing and Financing Activities:    
Issuance of banker's acceptances 55,603 443,748
Accounts receivable collected with banker's acceptances 175,793 133,053
Inventory purchased with banker's acceptances 145,614 148,924
Right-of-use assets obtained in exchange for operating lease obligations $ 236,055