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v3.19.1

Consolidated Statements of Stockholders' Equity - USD ($) | Total | Common stock | Paid in capital | Statutory reserves | Other comprehensive income (loss) | Retained earning | Noncontrolling interest
--- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2015 | $ 213,493,182 | $ 8,310 | $ 111,789,166 | $ 13,823,789 | $ 3,210,315 | $ 84,661,602 | $ 213,611
Balance, shares at Dec. 31, 2015 |  | 8,310,198 |  |  |  |  |
Net income for year | (48,295,432) |  |  |  |  | (48,295,432) | (347,136)
Transfer to statutory reserves |  |  |  | 472,434 |  | (472,434) |
Foreign currency translation loss | (11,625,416) |  |  |  | (11,625,416) |  | 1,094
Balance at Dec. 31, 2016 | 153,572,334 | $ 8,310 | 111,789,166 | 14,296,223 | (8,415,101) | 35,893,736 | (132,431)
Balance, shares at Dec. 31, 2016 |  | 8,310,198 |  |  |  |  |
Net income for year | (7,342,551) |  |  |  |  | (7,342,551) | (327,147)
Stock options issued | 7,647 |  | 7,647 |  |  |  |
Transfer to statutory reserves |  |  |  |  |  |  |
Foreign currency translation loss | 9,275,654 |  |  | 229,489 | 9,275,654 | (229,489) | (19,059)
Balance at Dec. 31, 2017 | $ 155,513,084 | $ 8,310 | $ 111,796,813 | $ 14,525,712 | $ 860,553 | $ 28,321,696 | $ (478,637)
Balance, shares at Dec. 31, 2017 |  | 8,310,198 |  |  |  |  |

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