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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 45,288 $ 22,702
Accounts receivable 67,644 87,527
Inventories 49,630 75,063
Value added tax receivable 2,938 2,736
Other receivables and prepaid expenses 3,674 3,840
Advances on inventory purchases 3,139 6,193
Amounts due from related parties 486 2,535
Total Current Assets 172,799 200,596
INTANGIBLE ASSETS 5,769 6,217
PROPERTY AND EQUIPMENT, NET 22,694 21,906
TOTAL ASSETS 201,262 228,719
CURRENT LIABILITIES    
Bank loans 29,232 44,841
Accounts payable 58,170 66,118
Accounts payable and other payables - related parties 4,337 2,823
Other payables and accrued liabilities 15,007 22,221
Value added and other taxes payable 5,118 6,882
Income tax payable 1,842 4,052
Total Current Liabilities 113,706 146,937
NONCURRENT LIABILITIES    
Deferred tax liabilities 3,254 2,992
TOTAL LIABILITIES 116,960 149,929
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 December 31, 2016 and December 31, 2015, respectively) 15 15
Additional paid-in capital 3,602 3,597
Retained earnings 83,423 78,439
Statutory reserve 17,107 15,327
Accumulated other comprehensive income (3,297) 3,249
Amounts due from related party (15,936) (21,776)
Total equity attributable to stockholders of the Company 84,914 78,851
Noncontrolling interest (612) (61)
Total Equity 84,302 78,790
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 201,262 $ 228,719