XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and equivalents $ 57,099,604 $ 53,223,142
Accounts receivable, net 49,395,722 11,755,251
Interest receivable on sales type leases 5,434,301 9,336,140
Prepaid expenses 33,019 32,395
Other receivables 1,073,450 1,559,116
Total current assets 113,036,096 75,906,044
NON-CURRENT ASSETS    
Investment in sales-type leases, net 11,348,582 24,962,056
Long term investment 475,635
Long term deposit 16,278 15,971
Property and equipment, net 28,019,164 27,495,049
Construction in progress 25,581,050 42,582,177
Total non-current assets 64,965,074 95,530,888
TOTAL ASSETS 178,001,170 171,436,932
CURRENT LIABILITIES    
Accounts payable 6,345,407 5,591,876
Taxes payable 5,146,375 3,636,559
Accrued liabilities and other payables 1,177,292 1,617,997
Due to related parties 41,159 41,168
Interest payable on entrusted loans 19,714,466 17,473,492
Current portion of entrusted loan payable 49,305,710 48,373,936
Total current liabilities 81,730,409 76,735,028
NONCURRENT LIABILITIES    
Convertible note payable, net of unamortized OID and debt issuing costs 1,016,589
Accrued interest on notes 20,942 40,572
Income tax payable 6,390,625 6,390,625
Deferred tax liability, net 563,309 3,040,346
Notes payable, net of unamortized OID 2,006,250
Long term payable 445,534
Refundable deposit from customers for systems leasing 564,342 1,034,503
Total noncurrent liabilities 9,991,002 11,522,635
Total liabilities 91,721,411 88,257,663
CONTINGENCIES AND COMMITMENTS
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 20,000,000 shares authorized, 13,747,226 shares and 10,295,280 shares issued and outstanding as of March 31, 2019 and December 31, 2018 , respectively 13,747 10,295
Additional paid in capital 114,168,100 114,484,018
Statutory reserve 14,739,072 14,525,712
Accumulated other comprehensive loss (2,810,304) (4,620,930)
Accumulated deficit (39,830,856) (37,675,202)
Total Company stockholders' equity 86,279,759 86,723,893
Noncontrolling interest (3,544,624)
Total equity 86,279,759 83,179,269
TOTAL LIABILITIES AND EQUITY $ 178,001,170 $ 171,436,932