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Consolidated Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 34,526 $ 47,012
Accounts receivable, net 64,704 86,527
Inventories 63,127 65,929
Advances on inventory purchases 8,754 6,420
Value added tax receivable 3,102 2,580
Other receivables and prepaid expenses 6,648 10,204
Amounts due from related parties 144 192
Total Current Assets 181,005 218,864
NONCURRENT ASSETS    
Intangible assets, net 4,886 4,962
Property and equipment, net 28,245 28,445
Operating lease right-of-use assets 51,623  
Total Non-Current Assets 84,754 33,407
TOTAL ASSETS 265,759 252,271
CURRENT LIABILITIES    
Bank loans 25,999 29,497
Accounts payable 50,352 78,412
Accounts payable and other payables - related parties 4,796 4,756
Other payables and accrued liabilities 12,665 21,958
Value added and other taxes payable 2,569
Income tax payable 1,774 1,569
Current operating lease liabilities 42,808  
Total Current Liabilities 138,394 138,761
NONCURRENT LIABILITIES    
Deferred tax liabilities 354
Non-current operating lease liabilities 8,839
TOTAL LIABILITIES 147,233 139,115
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 June 30, 2019 and December 31, 2018, respectively) 15 15
Additional paid-in capital 3,635 3,627
Retained earnings 107,249 105,914
Statutory reserve 19,083 19,083
Accumulated other comprehensive income (2,093) (3,578)
Amounts due from related party (7,863) (10,354)
Total equity attributable to stockholders of the Company 120,026 114,707
Noncontrolling interest (1,500) (1,551)
Total Equity 118,526 113,156
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 265,759 $ 252,271