XML 16 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 47,012 $ 62,876
Accounts receivable, net 86,527 81,859
Inventories 65,929 56,182
Value added tax receivable 2,580 3,757
Other receivables and prepaid expenses 10,204 5,139
Advances on inventory purchases 6,420 3,028
Amounts due from related parties 192 265
Total Current Assets 218,864 213,106
INTANGIBLE ASSETS 4,962 5,995
PROPERTY AND EQUIPMENT, NET 28,445 25,891
TOTAL ASSETS 252,271 244,992
CURRENT LIABILITIES    
Bank loans 29,497 37,730
Accounts payable 78,412 73,788
Accounts payable and other payables - related parties 4,756 4,675
Other payables and accrued liabilities 21,958 16,454
Value added and other taxes payable 2,569 6,052
Income tax payable 1,569 1,712
Total Current Liabilities 138,761 140,411
NONCURRENT LIABILITIES    
Deferred tax liabilities 354 1,883
TOTAL LIABILITIES 139,115 142,294
NOTE 13 COMMITMENTS AND CONTINGENCIES
Stockholders' equity:    
Preferred stock ($0.001 par value, authorized 5,000,000 shares, no shares issued and outstanding)
Common stock ($0.001 par value, authorized 50,000,000 shares, 14,798,198 and 14,795,992 shares issued and outstanding as of December 31, 2018 and December 31, 2017, respectively) 15 15
Additional paid-in capital 3,627 3,620
Retained earnings 105,914 95,195
Statutory reserve 19,083 17,794
Accumulated other comprehensive income (3,578) 2,585
Amounts due from related party (10,354) (15,449)
Total equity attributable to stockholders of the Company 114,707 103,760
Noncontrolling interest (1,551) (1,062)
Total Equity 113,156 102,698
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 252,271 $ 244,992