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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net income $ (5,381,244) $ 3,296,121
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,873,536 10,928,502
Loss from disposal of property, plant and equipment 10,026 1,665,140
Allowance for bad debts (11,444) (78,562)
Share-based compensation expenses
Deferred tax (1,629,706) (2,034,373)
Changes in operating assets and liabilities:    
Accounts receivable 572,184 3,928,087
Prepayments and other current assets (3,528,818) 472,847
Inventories 3,562,834 (3,631,641)
Accounts payable (354,689) (561,121)
Advance from customers (29,446)
Notes payable (2,294,280) 3,680,693
Due to related parties 114,714 (36,807)
Accrued payroll and employee benefits (35,419) 120,250
Other payables and accrued liabilities 437,532 (771,027)
Income taxes payable (525,502) (107,105)
Net Cash Provided by Operating Activities 1,809,724 16,841,558
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (1,812,280) (7,628,798)
Proceeds from sale of property, plant and equipment 58,632
Net Cash Used in Investing Activities (1,812,280) (7,570,166)
Cash Flows from Financing Activities:    
Proceeds from related party loans 4,588,559
Repayments of related party loans (9,177,118)
Proceeds from short term bank loans 9,635,974 10,011,484
Repayment of bank loans (4,282,655) (5,152,970)
Proceeds from credit union loans 2,355,643
Payment of capital lease obligation (8,973,845)
Net Cash Provided by (Used in) Financing Activities 764,760 (1,759,688)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (677,172) 525,526
Net Increase in Cash and Cash Equivalents 85,032 8,037,230
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 9,017,427 4,494,964
Cash, Cash Equivalents and Restricted Cash - End of Period 9,102,459 12,532,194
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest, net of capitalized interest cost 1,409,695 1,359,343
Cash paid for income taxes 522,547 3,247,406
Cash and bank balances 5,468,315 6,505,284
Restricted cash 3,634,144 6,026,910
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 9,102,459 $ 12,532,194