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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (455) $ 587
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 2,225 2,537
Loss from sale of property and equipment 52 4
Provision for obsolete inventories 1,824 1,626
Deferred income tax (145) (234)
Stock-based compensation 8
Changes in operating assets and liabilities    
Accounts receivable 31,027 28,466
Inventories 10,557 (129)
Value added tax receivable 1,406 1,895
Other receivables and prepaid expenses 3,975 832
Advances on inventory purchases 490 (1,175)
Amounts due from related parties 103 (165)
Accounts payable (26,505) (17,944)
Accounts payable and other payables- related parties (741) (653)
Other payables and accrued liabilities (9,565) (5,182)
Value added and other taxes payable (2,788) (1,988)
Income tax payable (327) (670)
Net cash provided by operating activities 11,141 7,807
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (2,131) (2,552)
Net cash used in investing activities (2,131) (2,552)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from bank loans 6,029 17,346
Repayment of bank loans (7,408) (14,780)
Repayment of loans from related party 3,488
Advances to related party (2,163) (7,692)
Net cash used in financing activities (54) (5,126)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 1,908 2,172
NET INCREASE IN CASH AND CASH EQUIVALENTS 10,864 2,301
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 47,012 62,876
CASH AND CASH EQUIVALENTS AT END OF PERIOD 57,876 65,177
Cash paid during the period for:    
Interest 363 564
Income taxes $ 126 $ 1,938