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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 27,475 $ 22,702
Accounts receivable 62,233 87,527
Inventories 62,720 75,063
Value added tax receivable 5,215 2,736
Other receivables and prepaid expenses 4,899 3,840
Advances on inventory purchases 3,658 6,193
Amounts due from related parties 1,054 2,535
Total Current Assets 167,254 200,596
INTANGIBLE ASSETS 6,041 6,217
PROPERTY AND EQUIPMENT, NET 23,791 21,906
TOTAL ASSETS 197,086 228,719
CURRENT LIABILITIES    
Bank loans 43,675 44,841
Accounts payable 44,240 66,118
Accounts payable and other payables - related parties 2,530 2,823
Other payables and accrued liabilities 16,949 22,221
Value added and other taxes payable 4,317 6,882
Income tax payable 1,701 4,052
Total Current Liabilities 113,412 146,937
NONCURRENT LIABILITIES    
Deferred tax liabilities 2,910 2,992
TOTAL LIABILITIES 116,322 149,929
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, 14,787,940 and 14,785,868 shares issued and outstanding As of June 30, 2016 and December 31, 2015, respectively) 15 15
Additional paid-in capital 3,602 3,597
Retained earnings 81,223 78,439
Statutory reserve 15,327 15,327
Accumulated other comprehensive income 853 3,249
Amounts due from related party (19,967) (21,776)
Total equity attributable to stockholders of the Company 81,053 78,851
Noncontrolling interest (289) (61)
Total Equity 80,764 78,790
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 197,086 $ 228,719