v3.7.0.1

Consolidated Balance Sheets - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash	$ 48,323,591	$ 42,085,769
Accounts receivable	6,177,758	7,798,031
Inventory	2,081	1,785
Interest receivable	718,490	100,176
Prepaid expenses	13,804	14,998
Loan receivable	5,477,210	5,345,650
Total current assets	60,712,934	55,346,409
Fixed assets	858,444	831,534
Less: accumulated depreciation	(465,019)	(401,535)
Fixed assets, net	393,425	429,999
Other assets:
Intangible assets, net	6,086	9,180
Loan receivable-non-current	14,459,833	14,112,517
Other assets	28,555	31,378
Deferred tax assets	100,697	126,535
Total other assets	14,595,171	14,279,610
TOTAL ASSETS	75,701,530	70,056,018
Current liabilities:
Accounts payable	2,958	1,382,335
Payroll payable	57,579	54,708
Taxes payable	533,082	374,736
Loan from stockholder	395,786	434,324
Accrued expenses and other payables	292,298	414,141
Total current liabilities	1,281,703	2,660,244
Commitments and Contingencies
Stockholders' equity:
Preferred stock: $0.001 par value; 10,000,000 shares authorized; 100,000 and none shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	100
Common stock: $0.001 par value; 90,000,000 shares authorized; 73,510,130 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	73,510	73,510
Additional paid-in capital	40,791,566	38,791,666
Stock subscription receivable	(2,000,000)
Retained earnings	12,238,035	8,578,102
Statutory reserve fund	2,119,892	2,119,892
Other comprehensive (loss)	(4,110,019)	(4,145,398)
Stockholders' equity before noncontrolling interests	49,113,084	45,417,772
Noncontrolling interests	25,306,743	21,978,002
Total stockholders' equity	74,419,827	67,395,774
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 75,701,530	$ 70,056,018

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Wonhe High-Tech International, Inc. 10-Q