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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 145,932 $ 1,074,979
Restricted cash 331,038 109,908
Banker's acceptances 48,096 45,756
Trade accounts receivable, less allowance for doubtful accounts of $17,334,819 and $17,575,100, respectively 855,084 635,371
Other receivables, less allowance for doubtful accounts of $22,320 and $22,729, respectively 52,648 46,643
Advances to suppliers 1,050,083 404
Inventory 3,625,000 3,588,824
Prepaid expenses 253,321 77,120
Total Current Assets 6,361,202 5,579,005
Property and equipment, net 15,768,241 16,313,827
Operating lease right of use asset 112,447 136,779
Intangible assets, net 193,774 205,611
TOTAL ASSETS 22,435,664 22,235,222
Current Liabilities:    
Trade accounts payable 847,760 1,366,330
Accrued expenses 245,743 189,880
Other payables 3,642,539 3,560,332
Advances from customers 1,940,728 505,398
Other payables - related parties 2,097,447 2,071,986
Operating lease liability, current portion 90,974 91,306
Current portion of construction loan facility 1,975,978 2,150,168
Bankers' acceptance notes payable 331,038 109,908
Total Current Liabilities 11,172,207 10,045,308
Non-current Liabilities:    
Construction loan facility 2,117,119 2,150,168
Operating lease liability, net of current portion 24,803 48,701
Deferred tax liability 741,863 753,444
Total Liabilities 14,055,992 12,997,621
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 (26,633,299) (25,972,402)
Accumulated other comprehensive income 11,379,187 11,576,219
Total Stockholders' Equity 8,379,672 9,237,601
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 22,435,664 $ 22,235,222