v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash $ 7,981,782 $ 14,502,171
Restricted cash 31,622,572 25,953,946
Accounts receivable, net 81,610,241 58,252,999
Amount due from a related party 259,995 1,165,838
Notes receivable 273,164 2,606,517
Advances to suppliers 4,487,495 6,050,531
Prepayments and other receivables 8,804,905 4,268,527
Foreign exchange derivative assets 0 236,436
Inventories 58,567,663 42,946,644
Total Current Assets 193,607,817 155,983,609
Property, plant and equipment, net 51,452,906 46,520,776
Long-term prepayments 3,778,665 3,715,445
Land use rights, net 2,444,474 2,639,631
Other assets 719,028 748,431
Deferred tax assets, net 1,260,108 750,267
Long-term investments 10,535,177 9,906,379
TOTAL ASSETS 263,798,175 220,264,538
Current Liabilities:    
Accounts payable 69,311,491 60,368,012
Deferred government grants 472,949 309,638
Short-term loans 24,318,587 10,128,646
Non-financial institution borrowings 8,701,075 10,756,158
Notes payable 54,989,994 54,859,478
Foreign exchange derivative liabilities 480,459 0
Amount due to related parties 6,127,007 0
Other payables and accrued liabilities 24,279,551 12,243,345
Income taxes payable 3,972,006 3,609,391
Total Current Liabilities 192,653,119 152,274,668
Income taxes payable, noncurrent 0 777,685
TOTAL LIABILITIES 192,653,119 153,052,353
COMMITMENTS AND CONTINGENCIES
Stockholders' equity    
Preferred stock (Par value: $0.0001, Authorized: 10,000,000 shares, Issued and outstanding: none) 0 0
Common stock (Par value: $0.0001, Authorized: 100,000,000 shares, 15,559,658 shares issued and outstanding at September 30, 2018 and 15,509,658 at December 31, 2017, respectively) 1,556 1,551
Additional paid-in capital 13,657,599 12,709,756
Statutory and other reserves 6,549,815 6,549,815
Retained earnings 52,190,975 44,481,568
Accumulated other comprehensive (loss) income (1,254,889) 3,469,495
TOTAL EQUITY 71,145,056 67,212,185
TOTAL LIABILITIES AND EQUITY $ 263,798,175 $ 220,264,538

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