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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 18,672,230 $ 7,835,791
Restricted cash 582,329 488,719
Notes receivable 248,670 114,034
Accounts receivable, net of allowance for doubtful accounts 17,158,938 20,316,037
Inventories, net of reserve for obsolete inventories 3,854,729 4,241,022
Advances to suppliers 629,605 565,581
Deferred tax assets 363,012 375,744
Prepaid expenses and other 172,104 153,260
Total Current Assets 41,681,617 34,090,188
PROPERTY AND EQUIPMENT, net 61,302,025 69,628,597
OTHER ASSETS:    
Equipment held for sale 408,222 422,540
Land use rights, net 3,478,202 3,672,420
Total Assets 106,870,066 107,813,745
CURRENT LIABILITIES:    
Short-term bank loans 3,147,723 3,095,219
Bank acceptance notes payable 582,329 488,719
Accounts payable 4,012,473 4,322,275
Accrued expenses 556,354 1,059,579
Advances from customers 837,408 495,461
VAT and service taxes payable $ 169,913 500,569
Income taxes payable 531,120
Total Current Liabilities $ 9,306,200 10,492,942
Total Liabilities $ 9,306,200 $ 10,492,942
Commitments and contingencies
STOCKHOLDERS' EQUITY:    
Preferred stock ($0.001 par value; 10,000,000 shares authorized; 0 share issued and outstanding at September 30, 2015 and December 31, 2014)
Common stock ($0.001 par value; 50,000,000 shares authorized; 3,943,986 and 3,859,986 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively) $ 3,944 $ 3,860
Additional paid-in capital 33,803,333 33,517,857
Retained earnings 53,120,069 50,039,267
Statutory reserve 3,586,532 3,294,199
Accumulated other comprehensive income - foreign currency translation adjustment 7,049,988 10,465,620
Total Stockholders' Equity 97,563,866 97,320,803
Total Liabilities and Stockholders' Equity $ 106,870,066 $ 107,813,745