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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income including noncontrolling interest $ 2,293,747 $ 15,398,798
Adjustments to reconcile income including noncontrolling interest to net cash provided by operating activities:    
Depreciation and amortization 3,156 21,705
Stock option expense 13,264
Investment income (105,975) (8,487)
Changes in deferred tax (1,878,676) (1,436,483)
Loss on sale of construction in progress of Xuzhou Zhongtai 2,822,679
Changes in assets and liabilities:    
Interest receivable on sales type leases (957,028) 376,983
Collection of principal on sales type leases 19,668,078 47,907,042
Prepaid expenses 794,023 789,347
Accounts receivable (19,809,197) (7,326,079)
Other receivables (181,410) (1,213,615)
Construction in progress 22,051,212 (9,595,562)
Accounts payable 271,044 1,463,130
Taxes payable 128,935 1,039,073
Interest payable on entrusted loan (24,299) (25,891)
Accrued liabilities and other payables (1,014,498) 394,477
Net cash provided by operating activities 24,061,791 47,797,702
CASH FLOWS FROM INVESTING ACTIVITIES:    
Changes of restricted cash 572,715
Acquisition of property and equipment (20,164)
Net cash provided by (used in) investing activities 572,715 (20,164)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of loans (22,755,463) (27,941,848)
Long term payable (2,397,565)
Advance from related parties 274 3,263
Net cash used in financing activities (22,755,189) (30,336,150)
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND EQUIVALENTS (891,989) 71,294
NET DECREASE IN CASH AND EQUIVALENTS 987,328 17,512,682
CASH AND EQUIVALENTS, BEGINNING OF PERIOD 41,749,388 35,871,030
CASH AND EQUIVALENTS, END OF PERIOD 42,736,716 53,383,712
Supplemental cash flow data:    
Income tax paid 697,232 2,920,356
Interest paid $ 5,944,795 $ 8,134,936