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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 38,317 $ 22,702
Accounts receivable 80,515 87,527
Inventories 47,123 75,063
Value added tax receivable 5,081 2,736
Other receivables and prepaid expenses 4,366 3,840
Advances on inventory purchases 4,432 6,193
Amounts due from related parties 547 2,535
Total Current Assets 180,381 200,596
INTANGIBLE ASSETS 5,992 6,217
PROPERTY AND EQUIPMENT, NET 24,566 21,906
TOTAL ASSETS 210,939 228,719
CURRENT LIABILITIES    
Bank loans 49,832 44,841
Accounts payable 50,268 66,118
Accounts payable and other payables - related parties 3,982 2,823
Other payables and accrued liabilities 18,398 22,221
Value added and other taxes payable 4,738 6,882
Income tax payable 1,518 4,052
Total Current Liabilities 128,736 146,937
NONCURRENT LIABILITIES    
Deferred tax liabilities 2,834 2,992
TOTAL LIABILITIES 131,570 149,929
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 September 30, 2016 and December 31, 2015, respectively) 15 15
Additional paid-in capital 3,602 3,597
Retained earnings 81,844 78,439
Statutory reserve 15,327 15,327
Accumulated other comprehensive income 389 3,249
Amounts due from related party (21,314) (21,776)
Total equity attributable to stockholders of the Company 79,863 78,851
Noncontrolling interest (494) (61)
Total Equity 79,369 78,790
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 210,939 $ 228,719