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Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash $ 73,787,158 $ 16,221,297
Accounts receivable, net 24,827,842 42,068,760
Interest receivable on sales type leases 5,245,244
Prepaid expenses 62,609 52,760
Operating lease right-of-use assets, net 5,891  
Other receivables 45,641 1,031,143
Total current assets 98,729,141 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   54,078
Property and equipment, net 27,704,004 27,044,385
Construction in progress 23,824,202
Total non-current assets 27,704,004 59,225,937
TOTAL ASSETS 126,433,145 123,845,141
CURRENT LIABILITIES    
Accounts payable 2,253,884 2,200,220
Taxes payable 2,509,792 4,087,642
Accrued interest on notes 7,599
Notes payable, net of unamortized OID 591,974
Accrued liabilities and other payables 1,182,642 1,184,751
Operating lease liability   56,755
Due to related parties 28,590 41,174
Interest payable on entrusted loans 9,387,757 8,200,044
Entrusted loan payable 20,979,731 20,480,214
Total current liabilities 36,941,969 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 440,522 430,034
Entrusted loan payable 293,681 286,689
Refundable deposit from customers for systems leasing 544,709
Total noncurrent liabilities 6,516,828 8,964,795
Total liabilities 43,458,797 45,215,595
CONTINGENCIES AND COMMITMENTS (NOTE 17 & 18)
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value; 10,000,000 shares authorized, 3,001,146 shares and 2,032,721 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 3,001 2,033
Additional paid in capital 119,128,530 116,682,374
Statutory reserve 14,667,404 14,525,712
Accumulated other comprehensive loss (3,959,045) (6,132,614)
Accumulated deficit (46,865,542) (46,447,959)
Total Company stockholders’ equity 82,974,348 78,629,546
TOTAL LIABILITIES AND EQUITY $ 126,433,145 $ 123,845,141