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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 5,591,785 $ 2,641,917
Restricted cash 2,246,249 10,779,845
Accounts receivable (net of allowance for doubtful accounts of $58,330 and $38,865 as of September 30, 2016 and December 31, 2015, respectively) 2,858,166 1,904,396
Inventories 7,490,524 9,205,420
Prepayments and other current assets 167,075 1,812,415
Total current assets 18,353,799 26,343,993
Prepayment on property, plant and equipment 1,365,719 1,404,460
Property, plant, and equipment, net 193,844,754 206,191,158
Value-added tax recoverable 3,087,353 3,266,454
Deferred tax asset non-current 2,875,834 1,420,854
Total Assets 219,527,459 238,626,919
Current Liabilities    
Short-term bank loans 13,926,742 13,859,800
Current obligations under capital lease 9,265,227 6,860,412
Accounts payable 1,296,082 253,425
Notes payable 2,246,249 13,859,800
Due to a related party 21,642 368,751
Accrued payroll and employee benefits 268,194 531,912
Other payables and accrued liabilities 2,157,098 3,902,971
Income taxes payable 1,208,228 600,876
Total current liabilities 30,389,462 40,237,947
Loans from credit union 5,031,597 5,174,325
Loans from a related party 7,487,496 13,859,800
Deferred gain on sale-leaseback 159,300 327,637
Long-term obligations under capital lease 3,217,785
Total liabilities 43,067,855 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 September 30, 2016 and December 31, 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 1,333,552 6,343,019
Retained earnings 118,388,785 114,146,534
Total stockholders' equity 176,459,604 175,809,425
Total Liabilities and Stockholders' Equity $ 219,527,459 $ 238,626,919