| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
ASSETS | ||||||
Current Assets: | ||||||
Cash and cash equivalents | ||||||
10,863 | 1,594 | |||||
Restricted cash | ||||||
0 | 230 | |||||
Accounts receivable, net | ||||||
18,503 | 15,207 | |||||
Advances to suppliers, net | ||||||
1,847 | 1,882 | |||||
Inventories | ||||||
1,611 | 1,308 | |||||
Acquisition deposit | ||||||
0 | 565 | |||||
Prepaid expenses and other current assets | ||||||
774 | 356 | |||||
Total Current Assets | ||||||
33,600 | 21,144 | |||||
Property, plant and equipment, net | ||||||
39,833 | 34,160 | |||||
Intangible assets, net | ||||||
7,401 | 7,092 | |||||
Other assets | ||||||
0 | 174 | |||||
Deferred tax assets | ||||||
296 | 89 | |||||
Total Assets | ||||||
81,131 | 62,660 | |||||
LIABILITIES AND EQUITY | ||||||
Current Liabilities: | ||||||
Short term bank loans, net | ||||||
7,540 | 5,734 | |||||
Long term bank loans-current portion | ||||||
4,460 | 4,391 | |||||
Bank notes payable | ||||||
0 | 720 | |||||
Advances from customers | ||||||
7,078 | 7,924 | |||||
Deferred revenue | ||||||
520 | 507 | |||||
Accounts payable | ||||||
2,506 | 4,405 | |||||
Accrued and other liabilities | ||||||
716 | 915 | |||||
Taxes payable | ||||||
3,352 | 2,310 | |||||
Due to related parties | ||||||
375 | 1,199 | |||||
Total Current Liabilities | ||||||
26,552 | 28,108 | |||||
Long term bank loans | ||||||
2,951 | 6,249 | |||||
Total Liabilities | ||||||
29,503 | 34,358 | |||||
Commitments and Contingencies | ||||||
0 | 0 | |||||
Equity: | ||||||
Common Stock, $0.001 par value, 200,000,000 shares authorized, 22,760,000 and 18,640,000 shares issued and outstanding as of December 31, 2017 and 2016 | ||||||
22 | 18 | |||||
Additional paid-in capital | ||||||
42,278 | 23,741 | |||||
Statutory reserve | ||||||
1,989 | 1,033 | |||||
Accumulated earnings | ||||||
5,246 | 224 | |||||
Accumulated other comprehensive loss | ||||||
-216 | -1,728 | |||||
Total RETO Eco Solutions Inc. Stockholders' Equity | ||||||
49,321 | 23,290 | |||||
Noncontrolling interest | ||||||
2,307 | 5,012 | |||||
Total Equity | ||||||
51,628 | 28,302 | |||||
Total Liabilities and Equity | ||||||
81,131 | 62,660 | |||||