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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net income $ (3,937,292) $ 65,502
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,301,703 11,547,650
Loss on derivative liability 510,380
Loss from disposal and impairment of property, plant and equipment
(Recovery from) Allowance for bad debts 2,973 (339)
Share-based compensation and expenses 1,242,000
Gain on acquisition of a subsidiary (30,518)
Deferred tax (1,582,754) (1,853,728)
Changes in operating assets and liabilities:    
Accounts receivable (272,857) 16,894
Prepayments and other current assets 2,099,669 185,780
Inventories (6,758,500) (4,307,754)
Accounts payable 50,683 254,749
Advance from customers 76,763 85,993
Notes payable (3,648,250)
Related parties 1,767,888 367,277
Accrued payroll and employee benefits (43,025) 33,334
Other payables and accrued liabilities (1,292,657) 726,564
Income taxes payable (795,487) 1,155,880
Net Cash Provided by Operating Activities 2,369,487 4,599,034
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (3,144,261) (4,917,650)
Proceeds from sale of property, plant and equipment 572,312  
Acquisition of a subsidiary (1,531,531)
Net Cash Used in Investing Activities (2,571,949) (6,449,181)
Cash Flows from Financing Activities:    
Proceeds from issuance of shares and warrants, net 2,273,360
Proceeds from short term bank loans 3,940,110
Proceeds from credit union loans 2,334,880
Repayment of bank loans (11,499,285)
Payment of capital lease obligation (32,317)  
Net Cash Provided by (Used in) Financing Activities 2,241,043 (5,224,295)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 333,579 (237,122)
Net Increase (Decrease) in Cash and Cash Equivalents 2,372,160 (7,311,564)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 5,837,745 12,117,425
Cash, Cash Equivalents and Restricted Cash - End of Period 8,209,905 4,805,861
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest, net of capitalized interest cost 509,783 659,613
Cash paid for income taxes 1,784,107 888,881
Cash and bank balances 8,209,905 4,805,861
Restricted cash
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 8,209,905 $ 4,805,861