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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net income $ (2,436,287) $ (2,722,595)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,774,674 3,930,060
Allowance for bad debts (22,650) (10,704)
Deferred tax (541,042) (647,795)
Changes in operating assets and liabilities:    
Accounts receivable 1,315,128 535,220
Prepayments and other current assets 5,486,216 187,711
Inventories (373,470) (1,181,371)
Accounts payable (41,405) 1,009,834
Advance from customers 54,930
Notes payable   (3,726,504)
Related parties 1,814,228 37,265
Accrued payroll and employee benefits (62,252) 87,823
Other payables and accrued liabilities (728,633) (326,741)
Income taxes payable (1,379,130) (224,355)
Net Cash Provided by (Used in) Operating Activities 6,860,307 (3,052,152)
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (756,514) (1,415,761)
Net Cash Used in Investing Activities (756,514) (1,415,761)
Cash Flows from Financing Activities:    
Proceeds from short term bank loans   4,024,625
Repayment of bank loans   (9,390,791)
Net Cash Used in Financing Activities   (5,366,166)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (229,386) 341,713
Net Increase (Decrease) in Cash and Cash Equivalents 5,874,407 (9,492,366)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 5,837,745 12,117,425
Cash, Cash Equivalents and Restricted Cash - End of Period 11,712,152 2,625,059
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest, net of capitalized interest cost 116,019 230,953
Cash paid for income taxes 1,379,130 224,355
Cash and bank balances 11,712,152 2,625,059
Restricted cash  
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 11,712,152 $ 2,625,059