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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and bank balances $ 740,309 $ 2,895,790
Restricted cash 3,975,764 6,121,637
Accounts receivable (net of allowance for doubtful accounts of $16,699 and $37,626 as of March 31, 2018 and December 2017, respectively) 818,255 1,843,682
Inventories 9,009,448 8,474,165
Prepayments and other current assets 3,246,169 651,523
Total current assets 17,789,945 19,986,797
Property, plant, and equipment, net 193,753,101 189,388,709
Value-added tax recoverable 3,138,164 3,041,416
Deferred tax asset non-current 7,371,246 6,572,559
Total Assets 222,052,456 218,989,481
Current Liabilities    
Short-term bank loans 13,040,505 7,192,923
Current portion of long-term loans from credit union 6,615,671 6,366,502
Accounts payable 308,880 422,705
Notes payable 3,975,764 6,121,637
Due to a related party 102,498 60,378
Accrued payroll and employee benefits 307,472 231,247
Other payables and accrued liabilities 939,233 836,337
Income taxes payable 546,127 525,804
Total current liabilities 25,836,150 21,757,533
Loans from credit union 1,240,438 1,193,719
Loans from a related party 6,361,222 10,712,865
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $30,913,599 and $31,235,520 as of March 31, 2018 and December 31, 2017, respectively) 33,437,810 33,664,117
Commitments and Contingencies
Stockholders' Equity    
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 21,450,316 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively 21,450 21,450
Additional paid-in capital 50,635,243 50,635,243
Statutory earnings reserve 6,080,574 6,080,574
Accumulated other comprehensive income 12,844,357 5,468,799
Retained earnings 119,033,022 123,119,298
Total stockholders' equity 188,614,646 185,325,364
Total Liabilities and Stockholders' Equity $ 222,052,456 $ 218,989,481