OSSEN INNOVATION CO. LTD. OSN Balance Sheet

Ossen innovation co. ltd. (OSN)

Balance Sheet / TTM

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10
ASSETS
Current assets
Cash and cash equivalents
950	217	812	684	1,139	1,996	1,568	12,322
Restricted cash
7,192	6,703	8,780	17,572	31,783	25,407	19,764	13,799
Note receivable-bank acceptance note
0	15,280	8,010	9,925	2,421	394	10,851	17,636
Accounts receivable, net of allowance for doubtful accounts of $868,973 and $985,990 at December 31, 2017 and 2016, respectively
51,699	37,298	43,247	53,764	48,200	45,734	48,049	13,332
Inventories
13,479	25,999	27,276	20,137	18,750	9,807	17,222	27,949
Advance to suppliers
71,280	46,729	55,730	56,327	50,614	77,948	-	-
Advance to suppliers
-	-	-	-	-	-	41,391	25,072
Other current assets
37	31	915	946	3,447	1,904	6,495	3,343
Notes receivable from related party - bank acceptance notes
-	-	-	-	12,915	1,830	0	3,024
Accounts Receivable Related Parties Current
-	-	-	-	-	-	20	707
Total current assets
144,640	132,259	144,772	159,358	169,273	165,023	145,364	117,189
Property, plant and equipment, net
4,031	4,447	5,557	7,174	8,458	9,707	11,022	12,029
Land use rights, net
3,697	3,571	3,911	4,231	4,297	4,317	-	-
Deferred tax assets
149	165	-	-	-	-	-	-
Land use rights, net
-	-	-	-	-	-	4,380	4,306
Prepayment for plant and equipment
-	-	-	-	0	7,933	7,869	7,562
TOTAL ASSETS
152,518	140,443	154,240	170,764	182,029	186,981	168,637	141,087
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Notes payable-bank acceptance notes
10,253	9,586	12,477	26,521	50,990	36,933	24,848	26,014
Short-term bank loans
13,947	16,916	17,714	18,711	27,283	50,679	47,966	38,325
Long-term bank loans - current portion
-	-	-	-	-	4,438	0	-
Accounts payables
359	1,504	1,899	3,217	503	572	948	2,493
Customer deposits
316	135	309	588	2,908	384	459	833
Taxes payable
450	594	414	552	232	391	4	662
Other payables and accrued liabilities
4,236	1,740	1,669	1,622	1,549	805	-	-
Due to related party
0	3	65	69	16	0	-	-
Due to shareholder
351	307	282	100	50	0	-	-
Bond payable - current portion
-	-	15,273	0	-	-	-	-
Other payables and accrued expenses
-	-	-	-	-	-	324	94
Total current liabilities
29,916	30,790	50,106	51,382	83,534	94,204	74,552	68,424
Long-term bank loans
7,652	7,207	0	-	-	-	4,718	0
Bond payable
-	-	-	15,972	0	-	-	-
TOTAL LIABILITIES
37,568	37,997	50,106	67,355	83,534	94,204	79,270	68,424
EQUITY
Shareholders' Equity
Ordinary shares, $0.01 par value: 100,000,000 shares authorized; 20,000,000 shares issued; 19,791,110 shares outstanding as both of December 31, 2017 and 2016
200	200	200	200	200	200	200	200
Additional paid-in capital
33,971	33,971	33,971	33,971	33,971	33,971	33,884	33,338
Statutory reserve
6,672	6,123	5,631	5,021	4,615	4,179	3,884	2,674
Retained earnings
59,386	54,590	50,258	44,971	41,518	38,311	36,224	25,887
Treasury stock, at cost: 208,890 shares as both of December 31, 2017 and 2016
192	192	155	96	96	96	0	-
Accumulated other comprehensive income/(loss)
2,227	-4,378	2,596	8,425	7,646	5,999	5,295	2,192
TOTAL SHAREHOLDERS EQUITY
102,265	90,314	92,501	92,493	87,855	82,564	79,489	64,292
Non-controlling interest
12,684	12,131	11,632	10,915	10,638	10,212	9,877	8,370
TOTAL EQUITY
114,950	102,445	104,134	103,409	98,494	92,777	89,366	72,663
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY
152,518	140,443	154,240	170,764	182,029	186,981	168,637	141,087