XML 11 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 3,043,874 $ 3,260,808
Accounts receivable, net 6,923,695 5,267,752
Accounts receivable-related parties 7,389,359 4,872,743
Advances to suppliers 1,466,418 1,630,980
Inventories, net 596,783 631,610
Other current assets 3,491,117 5,854,792
TOTAL CURRENT ASSETS 22,911,246 21,518,685
Property, plant and equipment, net 11,291,285 11,830,698
Intangible assets, net 380,915 808,707
Long-term investments 45,314 46,094
Other non-current assets 3,269,967 3,326,319
TOTAL ASSETS 37,898,727 37,530,503
CURRENT LIABILITIES    
Short-term bank loans 7,280,369 7,817,610
Accounts payable 8,753,651 6,844,440
Advances from customers 317,002 281,772
Advances from customers-related parties 47,018 1,008,426
Amounts due to related parties 71,293 1,183,090
Accrued payroll and benefits 319,261 290,841
Other payables and accrued expenses 4,242,749 4,038,417
Income tax payable 284,116 1,548,415
TOTAL LIABILITIES 21,315,459 23,013,011
EQUITY    
Ordinary shares, par $0.00; authorized 100,000,000 shares; shares issued and outstanding, June 30, 2018:40,760,163 shares; December 31, 2017: 40,231,159 shares; 124,646,996 123,950,544
Additional paid-in capital 15,454,288 15,814,328
Reserve 13,812,095 13,812,095
Accumulated deficit (170,390,549) (172,395,246)
Accumulated other comprehensive income 23,754,044 24,201,766
Total equity of the Company 7,276,874 5,383,487
Non-controlling interest 9,306,394 9,134,005
Total Equity 16,583,268 14,517,492
TOTAL LIABILITIES AND EQUITY $ 37,898,727 $ 37,530,503