v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash $ 18,859,355 $ 14,502,171
Restricted cash 32,639,148 25,953,946
Accounts receivable, net 56,240,961 58,252,999
Amount due from a related party 921,862 1,165,838
Notes receivable 67,612 2,606,517
Advances to suppliers 6,511,584 6,050,531
Prepayments and other receivables 5,029,550 4,268,527
Foreign exchange derivatives 661,111 236,436
Inventories 55,347,466 42,946,644
Total Current Assets 176,278,649 155,983,609
Property, plant and equipment, net 48,189,218 46,520,776
Long-term prepayments 4,243,891 3,715,445
Land use rights, net 2,719,885 2,639,631
Other assets 746,938 748,431
Deferred tax assets, net 1,135,550 750,267
Long-term investments 11,209,442 9,906,379
TOTAL ASSETS 244,523,573 220,264,538
Current Liabilities:    
Accounts payable 61,149,301 60,368,012
Deferred government grant 799,040 309,638
Short-term loans 24,760,223 10,128,646
Non-financial institution borrowings 11,152,890 10,756,158
Notes payable 58,833,089 54,859,478
Amount due to a related party 780,702 0
Other payables and accrued liabilities 13,339,920 12,243,345
Income taxes payable 4,537,182 3,609,391
Total Current Liabilities 175,352,347 152,274,668
Income taxes payable, noncurrent 0 777,685
TOTAL LIABILITIES 175,352,347 153,052,353
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, 15,509,658 shares issued and outstanding at March 31, 2018 and at December 31, 2017, respectively) 1,551 1,551
Additional paid-in capital 12,951,177 12,709,756
Statutory and other reserves 6,549,815 6,549,815
Retained earnings 43,362,632 44,481,568
Accumulated other comprehensive income 6,306,051 3,469,495
TOTAL EQUITY 69,171,226 67,212,185
TOTAL LIABILITIES AND EQUITY $ 244,523,573 $ 220,264,538

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