v3.20.2
Consolidated Balance Sheets - USD ($)
|
|
|
CURRENT ASSETS |
|
|
Cash |
$ 62,666,385
|
$ 16,221,297
|
Accounts receivable, net |
31,793,218
|
42,068,760
|
Interest receivable on sales type leases |
|
5,245,244
|
Prepaid expenses |
51,078
|
52,760
|
Other receivables |
44,653
|
1,031,143
|
Total current assets |
94,555,334
|
64,619,204
|
NON-CURRENT ASSETS |
|
|
Investment in sales-type leases, net |
|
8,287,560
|
Long term deposit |
|
15,712
|
Operating lease right-of-use assets, net |
21,655
|
54,078
|
Property and equipment, net |
26,649,769
|
27,044,385
|
Construction in progress |
|
23,824,202
|
Total non-current assets |
26,671,424
|
59,225,937
|
TOTAL ASSETS |
121,226,758
|
123,845,141
|
CURRENT LIABILITIES |
|
|
Accounts payable |
2,168,116
|
2,200,220
|
Taxes payable |
2,483,681
|
4,087,642
|
Accrued interest on notes |
3,935
|
|
Notes payable, net of unamortized OID |
913,410
|
|
Accrued liabilities and other payables |
1,165,256
|
1,184,751
|
Operating lease liability |
25,611
|
56,755
|
Due to related parties |
28,720
|
41,174
|
Interest payable on entrusted loans |
8,711,500
|
8,200,044
|
Entrusted loan payable |
20,181,378
|
20,480,214
|
Total current liabilities |
35,681,607
|
36,250,800
|
NONCURRENT LIABILITIES |
|
|
Accrued interest on notes |
|
368,362
|
Income tax payable |
5,782,625
|
5,782,625
|
Notes payable, net of unamortized OID |
|
1,552,376
|
Long term payable |
423,759
|
430,034
|
Entrusted loan payable |
282,506
|
286,689
|
Refundable deposit from customers for systems leasing |
|
544,709
|
Total noncurrent liabilities |
6,488,890
|
8,964,795
|
Total liabilities |
42,170,497
|
45,215,595
|
CONTINGENCIES AND COMMITMENTS (NOTE 17 & 18) |
|
|
STOCKHOLDERS’ EQUITY |
|
|
Common stock, $0.001 par value; 10,000,000 shares authorized, 2,493,197 shares and 2,032,721 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively |
2,493
|
2,033
|
Additional paid in capital |
117,995,829
|
116,682,374
|
Statutory reserve |
14,666,206
|
14,525,712
|
Accumulated other comprehensive loss |
(7,415,203)
|
(6,132,614)
|
Accumulated deficit |
(46,193,064)
|
(46,447,959)
|
Total Company stockholders’ equity |
79,056,262
|
78,629,546
|
TOTAL LIABILITIES AND EQUITY |
$ 121,226,758
|
$ 123,845,141
|
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