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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 45,837 $ 47,012
Accounts receivable, net 83,863 86,527
Inventories 65,288 65,929
Advances on inventory purchases 9,358 6,420
Value added tax receivable 3,799 2,580
Other receivables and prepaid expenses 7,563 10,204
Amounts due from related parties 123 192
Total Current Assets 215,831 218,864
NONCURRENT ASSETS    
Intangible assets, net 4,711 4,962
Property and equipment, net 27,615 28,445
Operating lease right-of-use assets 35,226
Deferred tax assets 1,862
Total Non-Current Assets 69,414 33,407
TOTAL ASSETS 285,245 252,271
CURRENT LIABILITIES    
Bank loans 35,492 29,497
Accounts payable 77,172 78,412
Accounts payable and other payables - related parties 4,355 4,756
Other payables and accrued liabilities 15,230 21,958
Value added and other taxes payable 530 2,569
Income tax payable 2,249 1,569
Current operating lease liabilities 26,757
Total Current Liabilities 161,785 138,761
NONCURRENT LIABILITIES    
Deferred tax liabilities 354
Non-current operating lease liabilities 8,504
TOTAL LIABILITIES 170,289 139,115
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, 14,801,770 and 14,798,198 shares issued and outstanding As of September 30, 2019 and December 31, 2018, respectively) 15 15
Additional paid-in capital 3,640 3,627
Retained earnings 106,173 105,914
Statutory reserve 19,083 19,083
Accumulated other comprehensive income (5,822) (3,578)
Amounts due from related party (6,648) (10,354)
Total equity attributable to stockholders of the Company 116,441 114,707
Noncontrolling interest (1,485) (1,551)
Total Equity 114,956 113,156
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 285,245 $ 252,271