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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,964 $ 8,638
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 5,337 6,826
Provision (recovering) for doubtful accounts 975 (28)
Provision for obsolete inventories 7,111 3
Deferred income tax (79) (1,885)
Stock-based compensation 5
Changes in operating assets and liabilities    
Accounts receivable 4,127 10,592
Inventories 19,293 (9,507)
Value added tax receivable (2,452) (1,791)
Other receivables and prepaid expenses (638) 13
Advances on inventory purchases 1,618 (4,866)
Amounts due from related parties 1,918 1,998
Accounts payable (14,467) 6,361
Accounts payable and other payables- related parties 630 (3,789)
Other payables and accrued liabilities (3,289) 752
Value added and other taxes payable (1,987) (1,330)
Income tax payable (2,460) 644
Net cash provided by operating activities 18,606 12,631
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (8,577) (8,717)
Proceeds from sale of property and equipment 40 49
Purchase of intangible assets (1,720)
Acquisition of Yiduo net of cash acquired (457)
Net cash used in investing activities (8,537) (10,845)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from bank loans 75,263 86,297
Repayment of bank loans (69,125) (93,557)
Repayment of loans from related party 1,824 2,426
Advances to related party (1,216) (3,105)
Net cash provided by (used in) financing activities 6,746 (7,939)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (1,200) (1,107)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 15,615 (7,260)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 22,702 34,134
CASH AND CASH EQUIVALENTS AT END OF PERIOD 38,317 26,874
Cash paid during the period for:    
Interest 1,511 2,064
Income taxes 5,362 4,511
SUPPLEMENTAL INFORMATION OF NONCASH INVESTING ACTIVITIES    
Increase in intangible assets and non-controlling interests $ 233