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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 22,702 $ 34,134
Accounts receivable 87,527 91,875
Inventories 75,063 70,270
Value added tax receivable 2,736 2,697
Other receivables and prepaid expenses 3,840 3,524
Advances on inventory purchases 6,193 3,917
Amounts due from related parties 2,535 1,652
Total Current Assets 200,596 208,069
INTANGIBLE ASSETS 6,217 4,041
PROPERTY AND EQUIPMENT, NET 21,906 20,103
TOTAL ASSETS 228,719 232,213
CURRENT LIABILITIES    
Bank loans 44,841 60,217
Accounts payable 66,118 58,923
Accounts payable and other payables - related parties 2,823 3,896
Other payables and accrued liabilities 22,221 20,911
Value added and other taxes payable 6,882 6,217
Income tax payable 4,052 5,523
Total Current Liabilities 146,937 155,687
NONCURRENT LIABILITIES    
Deferred tax liabilities 2,992 3,874
TOTAL LIABILITIES $ 149,929 $ 159,561
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:    
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, 14,785,868 and 14,784,094 shares issued and outstanding As of December 31, 2015 and December 31, 2014, respectively) $ 15 $ 15
Additional paid-in capital 3,597 3,587
Retained earnings 78,439 67,660
Statutory reserve 15,327 12,537
Accumulated other comprehensive income 3,249 8,277
Amounts due from related party (21,776) (19,424)
Total equity attributable to stockholders of the Company 78,851 $ 72,652
Noncontrolling interest (61)
Total Equity 78,790 $ 72,652
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 228,719 $ 232,213