XML 44 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and equivalents $ 53,174,674 $ 35,871,030
Accounts receivable 0 16,330
Current portion of investment in sales-type leases, net 6,608,630 6,561,984
Interest receivable on sales type leases 570,653 974,526
Prepaid expenses 1,266,668 951,180
Other receivables 2,344,351 1,196,684
Total current assets 63,964,976 45,571,734
NON-CURRENT ASSETS    
Investment in sales-type leases, net 137,597,103 174,458,615
Long term investment 937,435 821,205
Long term deposit 58,219 60,525
Property and equipment, net 20,345 25,116
Construction in progress 144,243,505 154,340,627
Total non-current assets 282,856,607 329,706,088
TOTAL ASSETS 346,821,583 375,277,822
CURRENT LIABILITIES    
Accounts payable 462,171 1,140,181
Notes payable - bank acceptances 2,411,457 163,425
Taxes payable 1,188,356 2,614,311
Accrued liabilities and other payables 3,450,189 3,250,744
Due to related parties 44,059 40,954
Deferred tax liability, net 1,383,213 1,035,337
Loans payable - current 9,362,866 15,729,694
Interest payable on entrusted loans 249,447 285,257
Current portion of entrusted loan payable 44,016,160 0
Current portion of long term payable 0 2,401,405
Total current liabilities 62,567,918 26,661,308
NONCURRENT LIABILITIES    
Deferred tax liability, net 11,078,288 13,302,537
Refundable deposit from customers for systems leasing 1,587,726 1,650,597
Loans payable 37,278,544 63,114,888
Entrusted loan payable 16,034,458 62,428,501
Total noncurrent liabilities 65,979,016 140,496,523
Total liabilities $ 128,546,934 $ 167,157,831
CONTINGENCIES AND COMMITMENTS
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 100,000,000 shares authorized, 83,084,035 and 83,009,035 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively $ 83,084 $ 83,009
Additional paid in capital 111,705,002 111,517,578
Shares to be issued 0 187,500
Statutory reserve 13,835,635 11,888,170
Accumulated other comprehensive income 7,492,418 15,987,138
Retained earnings 84,933,838 68,199,797
Total Company stockholders' equity 218,049,977 207,863,192
Noncontrolling interest 224,672 256,799
Total equity 218,274,649 208,119,991
TOTAL LIABILITIES AND EQUITY $ 346,821,583 $ 375,277,822