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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 4,032,245 $ 2,641,917
Restricted cash 965,135 10,779,845
Accounts receivable (net of allowance for doubtful accounts of $73,747 and $38,865 as of June 30, 2016 and December 31, 2015, respectively) 3,613,620 1,904,396
Inventories 8,430,037 9,205,420
Prepayments and other current assets 209,494 1,812,415
Total current assets 17,250,531 26,343,993
Prepayment on property, plant and equipment 1,375,317 1,404,460
Property, plant, and equipment, net 195,097,139 206,191,158
Value-added tax recoverable 3,141,780 3,266,454
Deferred tax asset non-current 2,405,748 1,420,854
Total Assets 219,270,515 238,626,919
Current Liabilities    
Short-term bank loans 14,778,622 13,859,800
Current obligations under capital lease 9,464,931 6,860,412
Accounts payable 564,496 253,425
Notes payable 965,135 13,859,800
Due to a related party 436,500 368,751
Accrued payroll and employee benefits 558,962 531,912
Other payables and accrued liabilities 3,935,737 3,902,971
Income taxes payable 1,056,201 600,876
Total current liabilities 31,760,584 40,237,947
Loans from credit union 5,066,958 5,174,325
Loans from a related party 7,540,113 13,859,800
Deferred gain on sale-leaseback 213,892 327,637
Long-term obligations under capital lease 3,217,785
Total liabilities 44,581,547 62,817,494
Commitments and Contingencies
Stockholders' Equity    
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 21,450,316 and 20,316,400 shares issued and outstanding as of June 30, 2016 and December 2015, respectively 21,450 20,316
Additional paid-in capital 50,635,243 49,218,982
Statutory earnings reserve 6,080,574 6,080,574
Accumulated other comprehensive income 2,597,458 6,343,019
Retained earnings 115,354,243 114,146,534
Total stockholders' equity 174,688,968 175,809,425
Total Liabilities and Stockholders' Equity $ 219,270,515 $ 238,626,919