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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net Income $ 4,382,956 $ 3,762,404
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization expense 2,173,723 1,579,105
Gain from disposal of equipment (68,626)
Provision of doubtful accounts (50,090) 62,231
Deferred tax benefits 147,117 (168,868)
Changes in operating assets and liabilities:    
Accounts receivable, net 1,366,791 1,801,941
Accounts receivable - related parties, net (385,352) 14,320
Inventories (7,650,285) (1,454,817)
Advances to suppliers, net (367,072) (215,820)
Advances to suppliers - related parties, net 536,343 2,573,416
Income tax recoverable (448,512)
Other current assets (291,864) (421,424)
Other long-term assets 100,472 1,264,289
Accounts payable 1,254,651 96,141
Accounts payable - related parties 355,930 (928,457)
Advance from customers 696,890 374,072
Advance from customers - related parties (166,490) (1,000,575)
Income tax payable 13,343 (745,958)
Accrued expenses (1,157,301) 1,890,258
Net cash provided by operating activities 442,624 8,482,258
Cash flows from investing activities:    
Cash acquired from acquisition of Atlantic Acquisition 5,550,298
Cash paid for redemption of Atlantic Acquisition’s stock in connection of reverse acquisition (4,120,000)
Purchase of property and equipment (5,381,138) (2,194,210)
Proceeds from disposal of equipment 275,699
Cash received from long-term notes receivable 290,071
Cash paid for issuance of long-term notes receivable (108,750) (2,559,469)
Cash received from long-term notes receivable to related parties 386,358 316,504
Cash paid for issuance of long-term notes receivable to related parties (260,933) (1,988,813)
Net cash used in investing activities (4,798,693) (4,995,690)
Cash flows from financing activities:    
Proceeds from lines of credit 15,364,481 3,600,000
Repayment of lines of credit (11,694,146) (3,000,000)
Proceeds from long-term debt 6,100,878 3,745,048
Repayment of long-term debt (3,605,740) (4,965,264)
Repayment of capital lease (315,393)
Cash distribution paid to shareholders (180,000) (1,161,445)
Net cash provided by (used in) financing activities 5,670,080 (1,781,661)
Net increase in cash 1,314,011 1,704,907
Cash at beginning of the period 5,489,404 6,086,044
Cash at end of the period 6,803,415 7,790,951
Supplemental cash flow information    
Cash paid for interest 1,021,687 1,008,666
Cash paid for income taxes $ 1,692,927 $ 2,413,148