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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 1,655,892 $ 1,186,587
Restricted cash 503,312 1,273,940
Banker's acceptances 20,579
Trade accounts receivable, less allowance for doubtful accounts of $17,837,014 and $17,815,075, respectively 680,136 916,931
Other receivables, less allowance for doubtful accounts of $40,555 and $34,884, respectively 290,914 170,098
Advances to suppliers 10,517 47
Inventory 4,392,426 5,054,975
Prepaid expenses 154,672 123,759
Total Current Assets 7,687,869 8,746,916
Advances for purchases of intangible assets 17,073,915 17,069,587
Property, plant and equipment, net 17,857,438 19,294,379
Operating lease right of use asset 184,618
Intangible assets, net 226,530 266,443
TOTAL ASSETS 43,030,370 45,377,325
Current Liabilities:    
Trade accounts payable 1,281,712 1,060,934
Accrued expenses 105,490 310,804
Other payables 2,861,123 3,065,508
Advances from customers 556,897 525,647
Other payables - related parties 1,402,567 1,633,263
Operating lease liability, current portion 90,483
Current portion of construction loan facility 2,181,913 2,181,360
Bankers' acceptance notes payable 503,312 1,273,940
Total Current Liabilities 8,983,497 10,051,456
Non-current Liabilities:    
Construction loan facility 4,218,366 4,362,720
Operating lease liability, net of current portion 96,297
Deferred tax liability 764,568 764,374
Total Liabilities 14,062,728 15,178,550
Commitments and Contingencies (Note 13)
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
Accumulated deficit (6,526,192) (5,270,358)
Accumulated other comprehensive income 11,860,050 11,835,349
Total Stockholders' Equity 28,967,642 30,198,775
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 43,030,370 $ 45,377,325