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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and equivalents $ 50,845,538 $ 53,223,142
Accounts receivable, net 43,670,925 11,755,251
Interest receivable on sales type leases 5,173,531 9,336,140
Prepaid expenses 51,126 32,395
Other receivables 1,013,369 1,559,116
Total current assets 100,754,489 75,906,044
NON-CURRENT ASSETS    
Investment in sales-type leases, net 8,174,254 24,962,056
Long term investment 475,635
Long term deposit 15,497 15,971
Property and equipment, net 26,674,637 27,495,049
Construction in progress 24,353,518 42,582,177
Total non-current assets 59,217,906 95,530,888
TOTAL ASSETS 159,972,395 171,436,932
CURRENT LIABILITIES    
Accounts payable 2,168,743 5,591,876
Taxes payable 3,451,111 3,636,559
Accrued liabilities and other payables 1,139,403 1,617,997
Due to related parties 41,179 41,168
Interest payable on entrusted loans 22,335,362 17,473,492
Entrusted loan payable 46,939,728 48,373,936
Total current liabilities 76,075,526 76,735,028
NONCURRENT LIABILITIES    
Convertible note payable, net of unamortized OID and debt issuing costs 1,016,589
Accrued interest on notes 326,620 40,572
Income tax payable 6,390,625 6,390,625
Deferred tax liability, net 3,040,346
Notes payable, net of unamortized OID 1,829,250
Long term payable 424,154
Refundable deposits from customers for systems leasing 537,262 1,034,503
Total noncurrent liabilities 9,507,911 11,522,635
Total liabilities 85,583,437 88,257,663
CONTINGENCIES AND COMMITMENTS (NOTE 21 & 22)
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 100,000,000 shares authorized, 16,510,498 shares and 10,295,280 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 16,510 10,295
Additional paid in capital 116,031,772 114,484,018
Statutory reserve 14,525,712 14,525,712
Accumulated other comprehensive loss (7,203,689) (4,620,930)
Accumulated deficit (48,981,347) (37,675,202)
Total Company stockholders' equity 74,388,958 86,723,893
Noncontrolling interest (3,544,624)
Total equity 74,388,958 83,179,269
TOTAL LIABILITIES AND EQUITY $ 159,972,395 $ 171,436,932