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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 8,693,345 $ 943,517
Restricted cash (Note 3) 304,681 143,590
Accounts receivable, net 900,239 1,287,277
Promissory deposits (Note 4) 176,958 1,205,427
Real estate property under development (Note 5) 77,502,496 77,777,167
Amount due from an unconsolidated affiliate (Note 9) 2,892,256 2,508,251
Other receivables and deposits, net (Note 6) 5,871,765 2,015,307
Total current assets 96,341,740 85,880,536
Property and equipment, net (Note 7) 1,412,403 7,536,158
Investment properties, net (Note 8) 4,348,324 5,008,609
Deferred tax assets (Note 15) 337,536 142,111
Investments in unconsolidated affiliates(Note 9) 37,037,129 7,562,821
Other investments, net (Note 10) 144,155 153,997
Total assets 139,621,287 106,284,232
Current liabilities    
Bank loans(Note 11) 7,302,552 8,650,025
Current portion of long term borrowings (Note 16) 7,496,036 4,619,933
Promissory notes payable (Note 12) 1,616,603 8,123,596
Amounts due to directors (Note 13) 6,533,288 10,980,554
Accounts payable(Note14) 2,486,348 7,467,199
Customer deposits (Note 15) 54,263,661 18,138,065
Amount due to an affiliate (Note 16) 36,010,325 32,516,032
Other payables and accrued expenses (Note 17) 1,636,817 1,496,936
Other taxes payable(Note 18) 232,382 303,848
Income Taxes payable 194,368 110,394
Total current liabilities 117,772,380 92,406,582
Long term borrowings (Note 19) 0 18,479,734
Deferred government subsidy (Note 20) 4,782,387 5,108,941
Total liabilities 122,554,767 115,995,257
Commitments and contingencies (Note 22)
Stockholders’ equity    
Common stock, par value $0.01 per share; 200,000,000 shares Authorized; 68,691,925 and 68,691,925 shares issued and outstanding as of December 31, 2016 and 2015, respectively 686,919 686,919
Additional paid-in capital 7,570,008 7,570,008
Statutory reserve (Note 21) 938,128 851,729
Retained earnings (deficits) 5,831,320 (24,545,524)
Accumulated other comprehensive income 474,073 889,565
Total equity (deficit) of Sunrise Real Estate Group, Inc. 15,500,448 (14,547,303)
Non-controlling interests 1,566,072 4,836,278
Total stockholders’ equity (deficit) 17,066,520 (9,711,025)
Total liabilities and stockholders' equity $ 139,621,287 $ 106,284,232