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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash $ 55,028,489 $ 16,221,297
Accounts receivable, net 40,010,739 42,068,760
Interest receivable on sales type leases 5,245,244
Prepaid expenses 51,038 52,760
Other receivables 40,164 1,031,143
Total current assets 95,130,430 64,619,204
NON-CURRENT ASSETS    
Investment in sales-type leases, net 8,287,560
Long term deposit 15,712
Operating lease right-of-use assets, net 37,499 54,078
Property and equipment, net 26,628,705 27,044,385
Construction in progress 23,824,202
Total non-current assets 26,666,204 59,225,937
TOTAL ASSETS 121,796,634 123,845,141
CURRENT LIABILITIES    
Accounts payable 2,166,401 2,200,220
Taxes payable 4,589,662 4,087,642
Accrued interest on notes 403,489
Notes payable, net of unamortized OID 1,134,876
Accrued liabilities and other payables 1,155,734 1,184,751
Operating lease liability 40,794 56,755
Due to related parties 28,723 41,174
Interest payable on entrusted loans 8,389,311 8,200,044
Entrusted loan payable 20,165,427 20,480,214
Total current liabilities 38,074,417 36,250,800
NONCURRENT LIABILITIES    
Accrued interest on notes   368,362
Income tax payable 5,782,625 5,782,625
Notes payable, net of unamortized OID   1,552,376
Long term payable 423,424 430,034
Entrusted loan payable 282,283 286,689
Refundable deposit from customers for systems leasing 0 544,709
Total noncurrent liabilities 6,488,332 8,964,795
Total liabilities 44,562,749 45,215,595
CONTINGENCIES AND COMMITMENTS (NOTE 17 &18)
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value; 10,000,000 shares authorized, 2,179,387 shares and 2,032,721 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 2,179 2,033
Additional paid in capital 117,226,394 116,682,374
Statutory reserve 14,525,712 14,525,712
Accumulated other comprehensive loss (7,473,890) (6,132,614)
Accumulated deficit (47,046,510) (46,447,959)
Total Company stockholders’ equity 77,233,885 78,629,546
TOTAL LIABILITIES AND EQUITY $ 121,796,634 $ 123,845,141