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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and equivalents $ 51,486,342 $ 53,223,142
Accounts receivable, net 44,929,973 11,755,251
Interest receivable on sales type leases 5,322,686 9,336,140
Prepaid expenses 32,341 32,395
Other receivables 1,981,586 1,559,116
Total current assets 103,752,928 75,906,044
NON-CURRENT ASSETS    
Investment in sales-type leases, net 11,115,493 24,962,056
Long term investment 475,635
Long term deposit 15,944 15,971
Property and equipment, net 27,443,676 27,495,049
Construction in progress 25,055,639 42,582,177
Total non-current assets 63,630,752 95,530,888
TOTAL ASSETS 167,383,680 171,436,932
CURRENT LIABILITIES    
Accounts payable 2,231,268 5,591,876
Taxes payable 3,569,772 3,636,559
Accrued liabilities and other payables 1,171,813 1,617,997
Due to related parties 40,842 41,168
Interest payable on entrusted loan 21,114,011 17,473,492
Entrusted loan payable 48,293,016 48,373,936
Total current liabilities 76,420,722 76,735,028
NONCURRENT LIABILITIES    
Convertible note payable, net of unamortized OID and debt issuing costs 1,016,589
Accrued interest on notes 62,827 40,572
Income tax payable 6,390,625 6,390,625
Deferred tax liability, net 703,462 3,040,346
Notes payable, net of unamortized OID 2,018,750
Long term payable 436,383
Refundable deposit from customers for systems leasing 552,751 1,034,503
Total noncurrent liabilities 10,164,798 11,522,635
Total liabilities 86,585,520 88,257,663
CONTINGENCIES AND COMMITMENTS (Note 22)
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 100,000,000 shares authorized, 16,106,498 shares and 10,295,280 shares issued and outstanding as of June 30, 2019 and December 31, 2018 , respectively 16,106 10,295
Additional paid in capital 115,854,416 114,484,018
Statutory reserve 14,488,751 14,525,712
Accumulated other comprehensive loss (4,717,489) (4,620,930)
Accumulated deficit (44,843,624) (37,675,202)
Total Company stockholders' equity 80,798,160 86,723,893
Noncontrolling interest (3,544,624)
Total equity 80,798,160 83,179,269
TOTAL LIABILITIES AND EQUITY $ 167,383,680 $ 171,436,932