XML 17 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income (loss) including noncontrolling interest $ (4,355,391) $ 1,233,314
Adjustments to reconcile income (loss) including noncontrolling interest to net cash provided by (used in) operating activities:    
Changes in bad debt allowance 3,262,588 61,779
Depreciation 2,049 1,093
Amortization of OID and debt issuing costs of convertible note 7,767
Stock option expense 7,647
Investment income (loss) 10,962 (115,763)
Changes in deferred tax (1,589,864) (96,181)
Changes in assets and liabilities:    
Interest receivable on sales type leases 367,877 (2,949,234)
Collection of principal on sales type leases 2,453,103 1,296,199
Prepaid expenses 699,076 478,981
Other receivables (249,966) (1,766,890)
Accounts receivable (1,020,973) (1,644,994)
Notes receivable 333,674 (1,676,890)
Construction in progress (7,156,966) (2,401,757)
Accounts payable 3,522,376 1,133,988
Taxes payable 608,798 240,914
Interest payable on entrusted loan 5,851,446 5,674,264
Accrued liabilities and other payables 647,733 (364,368)
Net cash provided by (used in) operating activities 3,394,289 (887,898)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of loans (735,478)
Convertible note payable 1,000,000
Net cash used in financing activities 1,000,000 (735,478)
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND EQUIVALENTS (3,281,877) 2,178,971
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS 1,112,412 555,595
CASH AND EQUIVALENTS, BEGINNING OF PERIOD 49,830,243 47,752,353
CASH AND EQUIVALENTS, END OF PERIOD 50,942,655 48,307,948
Supplemental cash flow data:    
Income tax paid 1,160,017 1,433,497
Interest paid $ 14,363