10-Q Filing

SHARING ECONOMY INTERNATIONAL INC. CIK: 819926 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-006075`
Period End Date	20150630
Filing Date	20150814
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	cws-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 96 Cash Flow Statement 76

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.77M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$488.72K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$164.24K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$85.40K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$114.03K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$18.49M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$20.32M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.86M	shares	Point-in-time
Inventories, net of reserve for obsolete inventories	`InventoryNet`	$4.56M	USD	Point-in-time
Inventories, net of reserve for obsolete inventories	`InventoryNet`	$4.24M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.86M	shares	Point-in-time
Advances to suppliers	`Supplies`	$565.58K	USD	Point-in-time
Advances to suppliers	`Supplies`	$567.35K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.94M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$375.74K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$378.81K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$143.98K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$153.26K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$34.09M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$41.20M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$69.63M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$66.04M	USD	Point-in-time
Equipment held for sale	`DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment`	$425.99K	USD	Point-in-time
Equipment held for sale	`DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment`	$422.54K	USD	Point-in-time
Land use rights, net	`FiniteLivedIntangibleAssetsNet`	$3.67M	USD	Point-in-time
Land use rights, net	`FiniteLivedIntangibleAssetsNet`	$3.65M	USD	Point-in-time
Total Assets	`Assets`	$111.32M	USD	Point-in-time
Total Assets	`Assets`	$107.81M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$3.10M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$3.28M	USD	Point-in-time
Bank acceptance notes payable	`NotesPayableToBankCurrent`	$488.72K	USD	Point-in-time
Bank acceptance notes payable	`NotesPayableToBankCurrent`	$164.24K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.32M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$496.01K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.06M	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$959.53K	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$495.46K	USD	Point-in-time
VAT and service taxes payable	`TaxesPayableCurrent`	$237.38K	USD	Point-in-time
VAT and service taxes payable	`TaxesPayableCurrent`	$500.57K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$56.99K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$531.12K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.49M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.45M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.45M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.49M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($0.001 par value; 10,000,000 shares authorized; 0 share issued and outstanding at June 30, 2015 and December 31, 2014)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($0.001 par value; 10,000,000 shares authorized; 0 share issued and outstanding at June 30, 2015 and December 31, 2014)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.001 par value; 50,000,000 shares authorized; 3,939,986 and 3,859,986 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively)	`CommonStockValue`	$3.86K	USD	Point-in-time
Common stock ($0.001 par value; 50,000,000 shares authorized; 3,939,986 and 3,859,986 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively)	`CommonStockValue`	$3.94K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$50.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$52.26M	USD	Point-in-time
Statutory reserve	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired`	$3.54M	USD	Point-in-time
Statutory reserve	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired`	$3.29M	USD	Point-in-time
Accumulated other comprehensive income - foreign currency translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$11.27M	USD	Point-in-time
Accumulated other comprehensive income - foreign currency translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$10.47M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$97.32M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$100.87M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$111.32M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$107.81M	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$17.53M	USD	1 Quarter
REVENUES	`Revenues`	$15.19M	USD	1 Quarter
REVENUES	`Revenues`	$30.84M	USD	2 Qtrs
REVENUES	`Revenues`	$35.16M	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	$26.81M	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	$13.44M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$12.50M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$25.07M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$2.69M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$8.36M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$5.77M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$4.08M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$228.27K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$118.41K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$512.09K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$167.40K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.67M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$794.44K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.77M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$904.47K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$58.12K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$57.26K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$28.56K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$31.25K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.05M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$990.40K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.05M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.24M	USD	2 Qtrs
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$6.31M	USD	2 Qtrs
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.70M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$3.53M	USD	2 Qtrs
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$3.03M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$18.52K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.90K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.14K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$12.68K	USD	1 Quarter
Interest expense	`InterestExpense`	$56.63K	USD	1 Quarter
Interest expense	`InterestExpense`	$117.83K	USD	2 Qtrs
Interest expense	`InterestExpense`	$60.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$113.97K	USD	2 Qtrs
Grant income	`RevenueFromGrants`	$32.09K	USD	2 Qtrs
Grant income	`RevenueFromGrants`	$199.00	USD	1 Quarter
Grant income	`RevenueFromGrants`	-	USD	1 Quarter
Grant income	`RevenueFromGrants`	-	USD	2 Qtrs
Foreign currency transaction gain/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$11.00	USD	2 Qtrs
Foreign currency transaction gain/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-1.27K	USD	1 Quarter
Foreign currency transaction gain/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-1.27K	USD	2 Qtrs
Foreign currency transaction gain/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$33.87K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$33.87K	USD	2 Qtrs
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$-41.46K	USD	2 Qtrs
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$-43.94K	USD	1 Quarter
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$-95.47K	USD	2 Qtrs
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$-20.86K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.26M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.43M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.66M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.01M	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$962.82K	USD	2 Qtrs
INCOME TAXES	`IncomeTaxExpenseBenefit`	$432.68K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$791.55K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.65M	USD	2 Qtrs
NET INCOME	`IncomeLossAttributableToParent`	$2.47M	USD	2 Qtrs
NET INCOME	`IncomeLossAttributableToParent`	$4.61M	USD	2 Qtrs
NET INCOME	`IncomeLossAttributableToParent`	$1.23M	USD	1 Quarter
NET INCOME	`IncomeLossAttributableToParent`	$2.22M	USD	1 Quarter
NET INCOME	`ComprehensiveIncomeNetOfTax`	$1.23M	USD	1 Quarter
NET INCOME	`ComprehensiveIncomeNetOfTax`	$4.61M	USD	2 Qtrs
NET INCOME	`ComprehensiveIncomeNetOfTax`	$2.47M	USD	2 Qtrs
NET INCOME	`ComprehensiveIncomeNetOfTax`	$2.22M	USD	1 Quarter
Unrealized foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-675.48K	USD	2 Qtrs
Unrealized foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$106.31K	USD	1 Quarter
Unrealized foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$329.32K	USD	1 Quarter
Unrealized foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$802.30K	USD	2 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.32M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.27M	USD	2 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.94M	USD	2 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.56M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.29	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.63	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.63	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.29	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.94M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.63M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.57M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.94M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.63M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.94M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.57M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.94M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`IncomeLossAttributableToParent`	$2.47M	USD	2 Qtrs
Net income	`IncomeLossAttributableToParent`	$4.61M	USD	2 Qtrs
Net income	`IncomeLossAttributableToParent`	$1.23M	USD	1 Quarter
Net income	`IncomeLossAttributableToParent`	$2.22M	USD	1 Quarter
Depreciation	`Depreciation`	$2.12M	USD	1 Quarter
Depreciation	`Depreciation`	$2.07M	USD	1 Quarter
Depreciation	`Depreciation`	$4.14M	USD	2 Qtrs
Depreciation	`Depreciation`	$4.08M	USD	2 Qtrs
Amortization of land use rights	`AmortizationOfIntangibleAssets`	$48.35K	USD	2 Qtrs
Amortization of land use rights	`AmortizationOfIntangibleAssets`	$23.98K	USD	1 Quarter
Amortization of land use rights	`AmortizationOfIntangibleAssets`	$48.14K	USD	2 Qtrs
Amortization of land use rights	`AmortizationOfIntangibleAssets`	$24.27K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$274.40K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$181.11K	USD	2 Qtrs
Decrease in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Decrease in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-6.22K	USD	2 Qtrs
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$29.45K	USD	2 Qtrs
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$599.39K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.46M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.99M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-3.22M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-286.89K	USD	2 Qtrs
Prepaid value-added taxes on purchases	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid value-added taxes on purchases	`IncreaseDecreaseInPrepaidExpense`	$374.45K	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.55K	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.37K	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseInDeferredCharges`	$14.86K	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseInDeferredCharges`	$2.84K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$894.08K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-283.74K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-568.80K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-381.67K	USD	2 Qtrs
VAT and service taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-266.23K	USD	2 Qtrs
VAT and service taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$38.82K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.15M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-476.59K	USD	2 Qtrs
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$-1.06M	USD	2 Qtrs
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$458.22K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$5.31M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$8.72M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.62K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.28M	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-6.28M	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-5.62K	USD	2 Qtrs
Proceeds from bank loans	`ProceedsFromOtherShortTermDebt`	$2.28M	USD	2 Qtrs
Proceeds from bank loans	`ProceedsFromOtherShortTermDebt`	$2.94M	USD	2 Qtrs
Repayments of bank loans	`RepaymentsOfOtherShortTermDebt`	$2.28M	USD	2 Qtrs
Repayments of bank loans	`RepaymentsOfOtherShortTermDebt`	$2.78M	USD	2 Qtrs
Decrease in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$327.18K	USD	2 Qtrs
Decrease in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$325.75K	USD	2 Qtrs
Decrease in bank acceptance notes payable	`ProceedsFromBankDebt`	$-327.18K	USD	2 Qtrs
Decrease in bank acceptance notes payable	`ProceedsFromBankDebt`	$-325.75K	USD	2 Qtrs
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.62M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.62M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$163.59K	USD	2 Qtrs
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.34K	USD	2 Qtrs
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$95.00K	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.97M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$651.78K	USD	2 Qtrs
CASH AND CASH EQUIVALENTS - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.81M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.77M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.81M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.77M	USD	Point-in-time
Interest	`InterestPaid`	$117.83K	USD	2 Qtrs
Interest	`InterestPaid`	$113.97K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$2.80M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$1.44M	USD	2 Qtrs
Property and equipment acquired on credit as payable	`IncreaseInPropertyInExchangeForIncreaseInPayable`	$390.06K	USD	2 Qtrs
Property and equipment acquired on credit as payable	`IncreaseInPropertyInExchangeForIncreaseInPayable`	-	USD	2 Qtrs
Common stock issued for future service	`CommonStockIssuedForFutureService`	-	USD	2 Qtrs
Common stock issued for future service	`CommonStockIssuedForFutureService`	$181.11K	USD	2 Qtrs

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