XML 17 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income (loss) including noncontrolling interest $ (1,734,101) $ 847,043
Adjustments to reconcile income (loss) including noncontrolling interest to net cash provided by (used in) operating activities:    
Changes in bad debt allowance 835,871
Depreciation and amortization 2,117 760
Stock option expense 4,647
Investment loss 4,815 (87,331)
Changes in deferred tax (653,123) (53,656)
Changes in assets and liabilities:    
Interest receivable on sales type leases (358,904) (2,730,500)
Collection of principal on sales type leases 1,716,968 370,139
Prepaid expenses 604,127 578,292
Other receivables (190,118) (320,537)
Accounts receivable (1,386,881) (1,469,996)
Notes receivable 62,686 (786,061)
Construction in progress (1,696,509) (1,575,823)
Accounts payable 407,382 661,102
Taxes payable 382,467 (51,783)
Interest payable on entrusted loan 4,008,587 3,722,719
Accrued liabilities and other payables (253,103) (291,187)
Net cash provided by (used in) operating activities 1,752,281 (1,182,172)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of loans (727,834)
Net cash used in financing activities (727,834)
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND EQUIVALENTS (444,208) 1,133,676
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS 1,308,073 (776,330)
CASH AND EQUIVALENTS, BEGINNING OF PERIOD 49,830,243 47,752,353
CASH AND EQUIVALENTS, END OF PERIOD 51,138,316 46,976,023
Supplemental cash flow data:    
Income tax paid 956,858 1,128,756
Interest paid $ 14,363