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v3.10.0.1

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Statements of Income and Comprehensive Income (Loss) [Abstract] |  |  |  |
Revenues | $ 33,149,190 | $ 22,787,683 | $ 35,037,384 | $ 48,077,342
Cost of sales | (30,133,768) | (19,323,017) | (32,717,270) | (38,958,756)
Gross Profit | 3,015,422 | 3,464,666 | 2,320,114 | 9,118,586
Selling, general and administrative expenses | (3,027,265) | (2,688,549) | (6,841,059) | (5,470,891)
Gain (Loss) from disposal of property, plant and equipment | 113 | (12,101) | (10,263) | (12,101)
(Loss) Income from Operations | (11,730) | 764,016 | (4,531,208) | 3,635,594
Other Income (Expense): |  |  |  |
Interest income | (17,344) | 5,811 | 27,419 | 23,756
Subsidy income | (2,772) | 101 | 250,509 | 40,813
Interest expense | (407,182) | (696,530) | (810,993) | (1,375,614)
(Loss) Income before Income Taxes | (439,028) | 73,398 | (5,064,273) | 2,324,549
Provision for Income Taxes | 549,022 | (57,481) | 1,087,991 | (600,763)
Net Income (Loss) | 109,994 | 15,917 | (3,976,282) | 1,723,786
Other Comprehensive (Loss) Income |  |  |  |
Foreign currency translation adjustment | (9,603,574) | 3,288,469 | (2,228,016) | 4,244,761
Total Comprehensive (Loss) Income | $ (9,493,580) | $ 3,304,386 | $ (6,204,298) | $ 5,968,547
Earnings (Losses) Per Share: |  |  |  |
Basic and Diluted Earnings (Losses) per Share | $ 0.01 | $ 0 | $ (0.19) | $ 0.08
Outstanding - Basic and Diluted | 21,450,316 | 21,450,316 | 21,450,316 | 21,450,316

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