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Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock
Additional paid-in capital
Retained Earnings Unrestricted
Retained Earnings Statutory reserve
Accumulated other Comprehensive income
Amounts due from related party
Total equity attributable to stockholders of the Company
Non-controlling Interest
Total
Balance at Dec. 31, 2017 $ 15 $ 3,620 $ 95,195 $ 17,794 $ 2,585 $ (15,449) $ 103,760 $ (1,062) $ 102,698
Balance, shares at Dec. 31, 2017 14,795,992                
Net income (loss) 815 815 (228) 587
Net cash paid to related party under counter guarantee agreement (8,479) (8,479) (8,479)
Foreign currency translation gain (loss)         4,023 4,023 (42) 3,981
Balance at Mar. 31, 2018 $ 15 3,620 96,010 17,794 6,608 (23,928) 100,119 (1,332) 98,787
Balance, shares at Mar. 31, 2018 14,795,992                
Balance at Dec. 31, 2017 $ 15 3,620 95,195 17,794 2,585 (15,449) 103,760 (1,062) 102,698
Balance, shares at Dec. 31, 2017 14,795,992                
Net income (loss)                 6,482
Balance at Sep. 30, 2018 $ 15 3,627 102,102 17,794 (4,240) (20,252) 99,046 (1,428) 97,618
Balance, shares at Sep. 30, 2018 14,798,198                
Balance at Mar. 31, 2018 $ 15 3,620 96,010 17,794 6,608 (23,928) 100,119 (1,332) 98,787
Balance, shares at Mar. 31, 2018 14,795,992                
Net income (loss)     2,776       2,776 (57) 2,719
Net cash advanced to related party under counter guarantee agreement           2,339 2,339   2,339
Foreign currency translation gain (loss)         (6,656)   (6,656) 70 (6,586)
Balance at Jun. 30, 2018 $ 15 3,620 98,786 17,794 (48) (21,589) 98,578 (1,319) 97,259
Balance, shares at Jun. 30, 2018 14,795,992                
Stock issued for compensation   7         7   7
Stock issued for compensation, shares 2,206                
Net income (loss)     3,316       3,316 (140) 3,176
Net cash advanced to related party under counter guarantee agreement           1,337 1,337   1,337
Foreign currency translation gain (loss)         (4,192)   (4,192) 31 (4,161)
Balance at Sep. 30, 2018 $ 15 3,627 102,102 17,794 (4,240) (20,252) 99,046 (1,428) 97,618
Balance, shares at Sep. 30, 2018 14,798,198                
Balance at Dec. 31, 2018 $ 15 3,627 105,914 19,083 (3,578) (10,354) 114,707 (1,551) 113,156
Balance, shares at Dec. 31, 2018 14,798,198                
Stock issued for compensation $ 4 8 8   8
Stock issued for compensation, shares 1,942                
Net income (loss) (521) (521) 66 (455)
Net cash received from related party under counter guarantee agreement 1,101 1,101 1,101
Foreign currency translation gain (loss)         3,972 3,972 34 4,006
Balance at Mar. 31, 2019 $ 15 3,635 105,393 19,083 394 (9,253) 119,267 (1,451) 117,816
Balance, shares at Mar. 31, 2019 14,800,140                
Balance at Dec. 31, 2018 $ 15 3,627 105,914 19,083 (3,578) (10,354) 114,707 (1,551) 113,156
Balance, shares at Dec. 31, 2018 14,798,198                
Net income (loss)                 214
Balance at Sep. 30, 2019 $ 15 3,640 106,173 19,083 (5,822) (6,648) 116,441 (1,485) 114,956
Balance, shares at Sep. 30, 2019 14,801,770                
Balance at Mar. 31, 2019 $ 15 3,635 105,393 19,083 394 (9,253) 119,267 (1,451) 117,816
Balance, shares at Mar. 31, 2019 14,800,140                
Net income (loss)     1,856       1,856 (83) 1,773
Net cash received from related party under counter guarantee agreement           1,390 1,390   1,390
Foreign currency translation gain (loss)         (2,487)   (2,487) 34 (2,453)
Balance at Jun. 30, 2019 $ 15 3,635 107,249 19,083 (2,093) (7,863) 120,026 (1,500) 118,526
Balance, shares at Jun. 30, 2019 14,800,140                
Stock issued for compensation $ 2 5         5   5
Stock issued for compensation, shares 1,630                
Net income (loss)     (1,076)       (1,076) (28) (1,104)
Net cash advanced to related party under counter guarantee agreement           1,215 1,215   1,215
Foreign currency translation gain (loss)         (3,729)   (3,729) 43 (3,686)
Balance at Sep. 30, 2019 $ 15 $ 3,640 $ 106,173 $ 19,083 $ (5,822) $ (6,648) $ 116,441 $ (1,485) $ 114,956
Balance, shares at Sep. 30, 2019 14,801,770