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Consolidated Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 57,876 $ 47,012
Accounts receivable, net 57,595 86,527
Inventories 55,035 65,929
Advances on inventory purchases 6,087 6,420
Value added tax receivable 1,229 2,580
Other receivables and prepaid expenses 6,365 10,204
Amounts due from related parties 75 192
Total Current Assets 184,262 218,864
NONCURRENT ASSETS    
Intangible assets, net 5,046 4,962
Property and equipment, net 29,135 28,445
Operating lease right-of-use assets 64,549
Total Non-Current Assets 98,730 33,407
TOTAL ASSETS 282,992 252,271
CURRENT LIABILITIES    
Bank loans 28,839 29,497
Accounts payable 51,470 78,412
Accounts payable and other payables - related parties 4,040 4,756
Other payables and accrued liabilities 13,769 21,958
Value added and other taxes payable 1,305 2,569
Income tax payable 862 1,569
Current operating lease liabilities 55,434
Total Current Liabilities 155,719 138,761
NONCURRENT LIABILITIES    
Deferred tax liabilities 330 354
Non-current operating lease liabilities 9,127
TOTAL LIABILITIES 165,176 139,115
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, 14,800,140 and 14,798,198 shares issued and outstanding As of March 31, 2019 and December 31, 2018, respectively) 15 15
Additional paid-in capital 3,635 3,627
Retained earnings 105,393 105,914
Statutory reserve 19,083 19,083
Accumulated other comprehensive income 394 (3,578)
Amounts due from related party (9,253) (10,354)
Total equity attributable to stockholders of the Company 119,267 114,707
Noncontrolling interest (1,451) (1,551)
Total Equity 117,816 113,156
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 282,992 $ 252,271