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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 60,100 $ 45,288
Accounts receivable 44,631 67,644
Inventories 40,347 49,630
Value added tax receivable 1,726 2,938
Other receivables and prepaid expenses 4,158 3,674
Advances on inventory purchases 4,892 3,139
Amounts due from related parties 563 486
Total Current Assets 156,417 172,799
INTANGIBLE ASSETS 5,776 5,769
PROPERTY AND EQUIPMENT, NET 21,947 22,694
TOTAL ASSETS 184,140 201,262
CURRENT LIABILITIES    
Bank loans 32,212 29,232
Accounts payable 46,843 58,170
Accounts payable and other payables - related parties 2,541 4,337
Other payables and accrued liabilities 13,329 15,007
Value added and other taxes payable 2,450 5,118
Income tax payable 1,096 1,842
Total Current Liabilities 98,471 113,706
NONCURRENT LIABILITIES    
Deferred tax liabilities 2,100 3,254
TOTAL LIABILITIES 100,571 116,960
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, 14,792,836 and 14,787,940 shares issued and outstanding As of March 31, 2017 and December 31, 2016, respectively) 15 15
Additional paid-in capital 3,612 3,602
Retained earnings 84,398 83,423
Statutory reserve 17,107 17,107
Accumulated other comprehensive income (2,837) (3,297)
Amounts due from related party (17,934) (15,936)
Total equity attributable to stockholders of the Company 84,361 84,914
Noncontrolling interest (792) (612)
Total Equity 83,569 84,302
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 184,140 $ 201,262