10-K/A Filing

GUANWEI RECYCLING CORP. CIK: 1425715 FY 2013

Filing Information

Form Type	10-K/A
Accession Number	`0001213900-14-002391`
Period End Date	20131231
Filing Date	20140414
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	gprc-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 42 Cash Flow Statement 64 Stockholders Equity 15

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.41M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.41M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.08M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.41M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$9.31M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.41M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$9.37M	USD	Point-in-time
Accounts receivable from affiliate	`DueFromAffiliateCurrent`	-	USD	Point-in-time
Accounts receivable from affiliate	`DueFromAffiliateCurrent`	$5.47M	USD	Point-in-time
Inventories	`InventoryNet`	$18.70M	USD	Point-in-time
Inventories	`InventoryNet`	$14.72M	USD	Point-in-time
Advances to suppliers	`AdvancesToSuppliers`	$1.83M	USD	Point-in-time
Advances to suppliers	`AdvancesToSuppliers`	$7.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$136.40K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$131.56K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$49.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$10.22M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$11.07M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$534.56K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	-	USD	Point-in-time
Land use right, net	`FiniteLivedIntangibleAssetsNet`	$668.60K	USD	Point-in-time
Land use right, net	`FiniteLivedIntangibleAssetsNet`	$663.80K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$203.75K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$202.35K	USD	Point-in-time
Total Assets	`Assets`	$53.13M	USD	Point-in-time
Total Assets	`Assets`	$61.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$612.30K	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$796.71K	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$720.89K	USD	Point-in-time
Value added taxes payable	`ValueAddedTaxesPayable`	$110.48K	USD	Point-in-time
Value added taxes payable	`ValueAddedTaxesPayable`	$827.52K	USD	Point-in-time
Amount due to shareholder	`DueToOfficersOrStockholdersCurrent`	$934.89K	USD	Point-in-time
Amount due to shareholder	`DueToOfficersOrStockholdersCurrent`	$517.86K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.03M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$449.67K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.55M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized, 10,407,839 shares issued and outstanding, as of December 31, 2013 and December 31, 2012	`CommonStockValue`	$10.41K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized, 10,407,839 shares issued and outstanding, as of December 31, 2013 and December 31, 2012	`CommonStockValue`	$10.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.77M	USD	Point-in-time
PRC statutory reserves	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance`	$805.48K	USD	Point-in-time
PRC statutory reserves	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance`	$805.48K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.55M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$40.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$50.16M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$57.94M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$46.60M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$61.49M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$53.13M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$72.26M	USD	Annual
Net revenue	`SalesRevenueGoodsNet`	$79.04M	USD	Annual
Cost of revenue	`CostOfGoodsSold`	$60.44M	USD	Annual
Cost of revenue	`CostOfGoodsSold`	$56.49M	USD	Annual
Gross profit	`GrossProfit`	$18.60M	USD	Annual
Gross profit	`GrossProfit`	$15.77M	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$417.60K	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$494.39K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.30M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.23M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.73M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.72M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$13.04M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$15.89M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$55.78K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$56.39K	USD	Annual
Interest expense	`InterestExpense`	$43.58K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Net foreign exchange gain	`ForeignCurrencyTransactionGainBeforeTax`	$62.81K	USD	Annual
Net foreign exchange gain	`ForeignCurrencyTransactionGainBeforeTax`	$49.80K	USD	Annual
Gain (loss) on disposal of property and equipment	`GainLossOnDispositionOfAssets1`	$-33.45K	USD	Annual
Gain (loss) on disposal of property and equipment	`GainLossOnDispositionOfAssets1`	$3.60K	USD	Annual
Government subsidy	`GovernmentSubsidy`	-	USD	Annual
Government subsidy	`GovernmentSubsidy`	$32.31K	USD	Annual
Miscellaneous	`Miscellaneous`	$6.37K	USD	Annual
Miscellaneous	`Miscellaneous`	$-31.49K	USD	Annual
Total other income	`OtherNonoperatingIncomeExpense`	$67.02K	USD	Annual
Total other income	`OtherNonoperatingIncomeExpense`	$91.51K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.98M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.11M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$4.14M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$3.41M	USD	Annual
Net income	`NetIncomeLoss`	$11.84M	USD	Annual
Net income	`NetIncomeLoss`	$9.70M	USD	Annual
Other comprehensive income - foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$284.32K	USD	Annual
Other comprehensive income - foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.60M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.30M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.12M	USD	Annual
Earnings per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.15	USD	Annual
Earnings per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.93	USD	Annual
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.41M	shares	Annual
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.29M	shares	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.84M	USD	Annual
Net income	`NetIncomeLoss`	$9.70M	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$1.09M	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$884.22K	USD	Annual
Amortization of land use rights	`AmortizationOfIntangibleAssets`	$15.43K	USD	Annual
Amortization of land use rights	`AmortizationOfIntangibleAssets`	$15.71K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$3.60K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-33.45K	USD	Annual
Bad debt	`ProvisionForDoubtfulAccounts`	$69.00	USD	Annual
Bad debt	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Imputed interest on amount due to shareholder	`ImputedInterestOnAmountDueToShareholder`	$43.58K	USD	Annual
Imputed interest on amount due to shareholder	`ImputedInterestOnAmountDueToShareholder`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.79M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-224.99K	USD	Annual
Accounts receivable from affiliate	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$5.40M	USD	Annual
Accounts receivable from affiliate	`IncreaseDecreaseInDueFromAffiliatesCurrent`	-	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.70M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-4.50M	USD	Annual
Advances to suppliers	`AdvancesFromSupplier`	$-1.83M	USD	Annual
Advances to suppliers	`AdvancesFromSupplier`	$-5.47M	USD	Annual
Value added taxes refundable	`ValueAddedTaxesRefundable`	-	USD	Annual
Value added taxes refundable	`ValueAddedTaxesRefundable`	$-1.22M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.91K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-790.86K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.85K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.76K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.73M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.55M	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-106.79K	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-2.26K	USD	Annual
Value added taxes payable	`ValueAddedTaxPayable`	$704.35K	USD	Annual
Value added taxes payable	`ValueAddedTaxPayable`	$110.44K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-605.66K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-122.68K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.15M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.73M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.13M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.69M	USD	Annual
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.85K	USD	Annual
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.13M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.69M	USD	Annual
Advance from shareholder	`ProceedsFromContributedCapital`	$517.86K	USD	Annual
Advance from shareholder	`ProceedsFromContributedCapital`	$417.03K	USD	Annual
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$417.03K	USD	Annual
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$517.86K	USD	Annual
Effect of exchange rate change on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$369.69K	USD	Annual
Effect of exchange rate change on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$100.86K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-196.33K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-349.44K	USD	Annual
Cash and cash equivalents at the beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time
Cash and cash equivalents at the beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$12.43M	USD	Point-in-time
Cash and cash equivalents at the beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$12.08M	USD	Point-in-time
Cash and cash equivalents at the end of year	`CashAndCashEquivalentsAtCarryingValue`	$11.89M	USD	Point-in-time
Cash and cash equivalents at the end of year	`CashAndCashEquivalentsAtCarryingValue`	$12.43M	USD	Point-in-time
Cash and cash equivalents at the end of year	`CashAndCashEquivalentsAtCarryingValue`	$12.08M	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$4.27M	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$4.02M	USD	Annual
Accrued expense related to purchases of property, plant and equipment	`AccruedExpenseRelatedToPurchasesOfPropertyPlantAndEquipment`	$79.32K	USD	Annual
Accrued expense related to purchases of property, plant and equipment	`AccruedExpenseRelatedToPurchasesOfPropertyPlantAndEquipment`	$8.08K	USD	Annual
Issuance of common stock to repay debt to shareholder	`IssuanceOfCommonStockToRepayDebtToShareholder`	-	USD	Annual
Issuance of common stock to repay debt to shareholder	`IssuanceOfCommonStockToRepayDebtToShareholder`	$1.47M	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$46.60M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$33.01M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.15M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$57.94M	USD	Point-in-time
Issuance of common stock for debt settlement	`IssuanceOfCommonStockForDebtSettlement`	$1.47M	USD	Annual
Imputed interest on amount due to shareholder	`ImputedInterestOnAmountDueToShareholder`	$43.58K	USD	Annual
Imputed interest on amount due to shareholder	`ImputedInterestOnAmountDueToShareholder`	-	USD	Annual
Net income	`NetIncomeLoss`	$11.84M	USD	Annual
Net income	`NetIncomeLoss`	$9.70M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$1.60M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$284.32K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$46.60M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$33.01M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.15M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$57.94M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.