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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 28,250,926 $ 34,134,239
Accounts receivable 58,207,714 91,874,693
Inventories 77,822,975 70,270,213
Value added tax receivable 4,043,652 2,697,080
Other receivables and prepaid expenses 2,673,142 3,523,862
Advances on inventory purchases 2,876,584 3,916,913
Amounts due from related parties 1,367,997 1,651,987
Total Current Assets 175,242,990 208,068,987
INTANGIBLE ASSETS 6,588,881 4,041,284
PROPERTY AND EQUIPMENT, NET 21,007,935 20,102,976
TOTAL ASSETS 202,839,806 232,213,247
CURRENT LIABILITIES    
Bank loans 40,917,467 60,216,950
Accounts payable 45,736,091 58,923,234
Accounts payable and other payables - related parties 3,193,353 3,895,578
Other payables and accrued liabilities 19,009,402 20,911,191
Value added and other taxes payable 5,463,016 6,217,081
Income tax payable 4,445,608 5,523,173
Deferred tax liabilities 3,894,156 3,874,594
Total Current Liabilities 122,659,093 159,561,801
TOTAL LIABILITIES $ 122,659,093 $ 159,561,801
COMMITMENTS AND CONTINGENCIES    
Stockholders' equity of the Company:    
Preferred stock ($.001 par value, authorized 5,000,000 shares, no shares issued and outstanding)    
Common stock ($.001 par value, authorized 50,000,000 shares, 14,784,094 and 14,784,094 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively) $ 14,784 $ 14,784
Additional paid-in capital 3,587,195 3,587,195
Retained earnings 73,653,615 67,659,920
Statutory reserve 12,536,641 12,536,641
Accumulated other comprehensive income 8,606,141 8,277,248
Amounts due from related party (18,341,688) (19,424,342)
Total Stockholders' Equity 80,056,688 $ 72,651,446
Noncontrolling interest 124,025  
Total Equity 80,180,713 $ 72,651,446
TOTAL LIABILITIES AND EQUITY $ 202,839,806 $ 232,213,247