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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 18,790,370 $ 7,835,791
Restricted cash 647,080 488,719
Notes receivable 132,497 114,034
Accounts receivable, net of allowance for doubtful accounts 15,823,859 20,316,037
Inventories, net of reserve for obsolete inventories 1,827,084 4,241,022
Advances to suppliers 1,038,884 565,581
Deferred tax assets 220,895 375,744
Prepaid expenses and other 992,055 153,260
Total Current Assets 39,472,724 34,090,188
PROPERTY AND EQUIPMENT, net $ 51,753,964 69,628,597
OTHER ASSETS:    
Equipment held for sale 422,540
Land use rights, net $ 3,382,071 3,672,420
Total Assets 94,608,759 107,813,745
CURRENT LIABILITIES:    
Short-term bank loans 3,081,332 3,095,219
Bank acceptance notes payable 647,080 488,719
Accounts payable 3,489,815 4,322,275
Accrued expenses 6,361,079 1,059,579
Advances from customers 433,050 495,461
VAT and service taxes payable 269,284 500,569
Income taxes payable 259,987 531,120
Total Current Liabilities 14,541,627 10,492,942
Total Liabilities $ 14,541,627 $ 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 December 31, 2015 and 2014)
Common stock ($0.001 par value; 50,000,000 shares authorized; 3,943,986 and 3,859,986 shares issued and outstanding at December 31, 2015 and 2014, respectively) $ 3,944 $ 3,860
Additional paid-in capital 33,803,333 33,517,857
Retained earnings 37,007,776 50,039,267
Statutory reserve 3,555,468 3,294,199
Accumulated other comprehensive income - foreign currency translation adjustment 5,696,611 10,465,620
Total Stockholders' Equity 80,067,132 97,320,803
Total Liabilities and Stockholders' Equity $ 94,608,759 $ 107,813,745