10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001213900-18-006009 |
| Period End Date | 20180331 |
| Filing Date | 20180514 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | onp-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$37.63K | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$16.70K | USD | Point-in-time |
| Consolidated VIE, liabilities |
ConsolidatedVariableInterestEntities
|
$30.91M | USD | Point-in-time |
| Consolidated VIE, liabilities |
ConsolidatedVariableInterestEntities
|
$31.24M | USD | Point-in-time |
| Cash and bank balances |
Cash
|
$2.90M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Cash and bank balances |
Cash
|
$740.31K | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalentsAtCarryingValue
|
$3.98M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalentsAtCarryingValue
|
$6.12M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
21.45M | shares | Point-in-time |
| Accounts receivable (net of allowance for doubtful accounts of $16,699 and $37,626 as of March 31, 2018 and December 2017, respectively) |
AccountsReceivableNet
|
$1.84M | USD | Point-in-time |
| Accounts receivable (net of allowance for doubtful accounts of $16,699 and $37,626 as of March 31, 2018 and December 2017, respectively) |
AccountsReceivableNet
|
$818.25K | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
21.45M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$8.47M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
21.45M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
21.45M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$9.01M | USD | Point-in-time |
| Prepayments and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$651.52K | USD | Point-in-time |
| Prepayments and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$3.25M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$17.79M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$19.99M | USD | Point-in-time |
| Property, plant, and equipment, net |
PropertyPlantAndEquipmentNet
|
$193.75M | USD | Point-in-time |
| Property, plant, and equipment, net |
PropertyPlantAndEquipmentNet
|
$189.39M | USD | Point-in-time |
| Value-added tax recoverable |
ValueAddedTaxReceivableNoncurrent
|
$3.04M | USD | Point-in-time |
| Value-added tax recoverable |
ValueAddedTaxReceivableNoncurrent
|
$3.14M | USD | Point-in-time |
| Deferred tax asset non-current |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$7.37M | USD | Point-in-time |
| Deferred tax asset non-current |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$6.57M | USD | Point-in-time |
| Total Assets |
Assets
|
$218.99M | USD | Point-in-time |
| Total Assets |
Assets
|
$222.05M | USD | Point-in-time |
| Short-term bank loans |
ShortTermBankLoansAndNotesPayable
|
$7.19M | USD | Point-in-time |
| Short-term bank loans |
ShortTermBankLoansAndNotesPayable
|
$13.04M | USD | Point-in-time |
| Current portion of long-term loans from credit union |
LoansPayableToBankCurrent
|
$6.62M | USD | Point-in-time |
| Current portion of long-term loans from credit union |
LoansPayableToBankCurrent
|
$6.37M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$422.70K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$308.88K | USD | Point-in-time |
| Notes payable |
NotesPayableCurrent
|
$6.12M | USD | Point-in-time |
| Notes payable |
NotesPayableCurrent
|
$3.98M | USD | Point-in-time |
| Due to a related party |
DueToRelatedPartiesCurrent
|
$60.38K | USD | Point-in-time |
| Due to a related party |
DueToRelatedPartiesCurrent
|
$102.50K | USD | Point-in-time |
| Accrued payroll and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$307.47K | USD | Point-in-time |
| Accrued payroll and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$231.25K | USD | Point-in-time |
| Other payables and accrued liabilities |
OtherAccountsPayableAndAccruedLiabilities
|
$939.23K | USD | Point-in-time |
| Other payables and accrued liabilities |
OtherAccountsPayableAndAccruedLiabilities
|
$836.34K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$546.13K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$525.80K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$25.84M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$21.76M | USD | Point-in-time |
| Loans from credit union |
OtherLoansPayableLongTerm
|
$1.19M | USD | Point-in-time |
| Loans from credit union |
OtherLoansPayableLongTerm
|
$1.24M | USD | Point-in-time |
| Loans from a related party |
DueToRelatedPartiesNoncurrent
|
$6.36M | USD | Point-in-time |
| Loans from a related party |
DueToRelatedPartiesNoncurrent
|
$10.71M | USD | Point-in-time |
| Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $30,913,599 and $31,235,520 as of March 31, 2018 and December 31, 2017, respectively) |
Liabilities
|
$33.66M | USD | Point-in-time |
| Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $30,913,599 and $31,235,520 as of March 31, 2018 and December 31, 2017, respectively) |
Liabilities
|
$33.44M | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, 500,000,000 shares authorized, $0.001 par value per share, 21,450,316 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively |
CommonStockValue
|
$21.45K | USD | Point-in-time |
| Common stock, 500,000,000 shares authorized, $0.001 par value per share, 21,450,316 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively |
CommonStockValue
|
$21.45K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$50.64M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$50.64M | USD | Point-in-time |
| Statutory earnings reserve |
RetainedEarningsAppropriated
|
$6.08M | USD | Point-in-time |
| Statutory earnings reserve |
RetainedEarningsAppropriated
|
$6.08M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$5.47M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$12.84M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsUnappropriated
|
$119.03M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsUnappropriated
|
$123.12M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$185.33M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$188.61M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$218.99M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$222.05M | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$1.89M | USD | 1 Quarter |
| Revenues |
Revenues
|
$25.29M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$19.64M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$2.58M | USD | 1 Quarter |
| Gross (Loss) Profit |
GrossProfit
|
$-695.31K | USD | 1 Quarter |
| Gross (Loss) Profit |
GrossProfit
|
$5.65M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$2.78M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$3.81M | USD | 1 Quarter |
| Loss from disposal of property, plant and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$-10.38K | USD | 1 Quarter |
| Loss from disposal of property, plant and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| (Loss) Income from Operations |
OperatingIncomeLoss
|
$-4.52M | USD | 1 Quarter |
| (Loss) Income from Operations |
OperatingIncomeLoss
|
$2.87M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$44.76K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$17.95K | USD | 1 Quarter |
| Subsidy income |
SubsidyIncome
|
$253.28K | USD | 1 Quarter |
| Subsidy income |
SubsidyIncome
|
$40.71K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$679.08K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$403.81K | USD | 1 Quarter |
| (Loss) Income before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$2.25M | USD | 1 Quarter |
| (Loss) Income before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-4.63M | USD | 1 Quarter |
| Provision for Income Taxes |
IncomeTaxExpenseBenefit
|
$-538.97K | USD | 1 Quarter |
| Provision for Income Taxes |
IncomeTaxExpenseBenefit
|
$543.28K | USD | 1 Quarter |
| Net (Loss) Income |
NetIncomeLoss
|
$-4.09M | USD | 1 Quarter |
| Net (Loss) Income |
NetIncomeLoss
|
$1.71M | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$7.38M | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$956.29K | USD | 1 Quarter |
| Total Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$2.66M | USD | 1 Quarter |
| Total Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$3.29M | USD | 1 Quarter |
| Basic and Diluted (Losses) Earnings per Share |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.08 | USD | 1 Quarter |
| Basic and Diluted (Losses) Earnings per Share |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$-0.19 | USD | 1 Quarter |
| Outstanding - Basic and Diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
21.45M | shares | 1 Quarter |
| Outstanding - Basic and Diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
21.45M | shares | 1 Quarter |
Cash Flow Statement
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$-4.09M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.71M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$3.73M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$3.62M | USD | 1 Quarter |
| Loss from disposal of property, plant and equipment |
GainLossOnDispositionOfAssets1
|
- | USD | 1 Quarter |
| Loss from disposal of property, plant and equipment |
GainLossOnDispositionOfAssets1
|
$-10.38K | USD | 1 Quarter |
| Allowance for bad debts |
ProvisionForDoubtfulAccounts
|
$-16.11K | USD | 1 Quarter |
| Allowance for bad debts |
ProvisionForDoubtfulAccounts
|
$-22.30K | USD | 1 Quarter |
| Share-based compensation expenses |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Share-based compensation expenses |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Deferred tax |
DeferredIncomeTaxExpenseBenefit
|
$-578.14K | USD | 1 Quarter |
| Deferred tax |
DeferredIncomeTaxExpenseBenefit
|
$-538.97K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-805.60K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-1.11M | USD | 1 Quarter |
| Prepayments and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$3.94M | USD | 1 Quarter |
| Prepayments and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$2.54M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$2.36M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$202.69K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-69.19K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-129.77K | USD | 1 Quarter |
| Advance from customers |
IncreaseDecreaseInAdvanceFromCustomers
|
$-29.08K | USD | 1 Quarter |
| Advance from customers |
IncreaseDecreaseInAdvanceFromCustomers
|
- | USD | 1 Quarter |
| Notes payable |
IncreaseDecreaseInNotesPayableCurrent
|
$3.63M | USD | 1 Quarter |
| Notes payable |
IncreaseDecreaseInNotesPayableCurrent
|
$-2.37M | USD | 1 Quarter |
| Due to a related party |
IncreaseDecreaseInDueToRelatedParties
|
$36.35K | USD | 1 Quarter |
| Due to a related party |
IncreaseDecreaseInDueToRelatedParties
|
$39.58K | USD | 1 Quarter |
| Accrued payroll and employee benefits |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$66.87K | USD | 1 Quarter |
| Accrued payroll and employee benefits |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$127.18K | USD | 1 Quarter |
| Other payables and accrued liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$69.84K | USD | 1 Quarter |
| Other payables and accrued liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-1.23M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-345.59K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
- | USD | 1 Quarter |
| Net Cash (Used in) Provided by Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-4.86M | USD | 1 Quarter |
| Net Cash (Used in) Provided by Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.36M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.26M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$707.16K | USD | 1 Quarter |
| Net Cash Used in Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.26M | USD | 1 Quarter |
| Net Cash Used in Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-707.16K | USD | 1 Quarter |
| Proceeds from related party loans |
ProceedsFromRelatedPartyDebt
|
- | USD | 1 Quarter |
| Proceeds from related party loans |
ProceedsFromRelatedPartyDebt
|
$4.75M | USD | 1 Quarter |
| Repayments of related party loans |
RepaymentsOfRelatedPartyDebt
|
$9.50M | USD | 1 Quarter |
| Repayments of related party loans |
RepaymentsOfRelatedPartyDebt
|
- | USD | 1 Quarter |
| Proceeds from short term bank loans |
ProceedsFromBankDebt
|
$9.97M | USD | 1 Quarter |
| Proceeds from short term bank loans |
ProceedsFromBankDebt
|
$9.89M | USD | 1 Quarter |
| Repayment of bank loans |
RepaymentsOfBankDebt
|
- | USD | 1 Quarter |
| Repayment of bank loans |
RepaymentsOfBankDebt
|
$4.43M | USD | 1 Quarter |
| Payment of capital lease obligation |
RepaymentsOfDebtAndCapitalLeaseObligations
|
- | USD | 1 Quarter |
| Payment of capital lease obligation |
RepaymentsOfDebtAndCapitalLeaseObligations
|
$63.61K | USD | 1 Quarter |
| Net Cash Provided by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$9.82M | USD | 1 Quarter |
| Net Cash Provided by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$791.50K | USD | 1 Quarter |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$471.90K | USD | 1 Quarter |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$23.65K | USD | 1 Quarter |
| Net (Decrease) Increase in Cash and Cash Equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$5.95M | USD | 1 Quarter |
| Net (Decrease) Increase in Cash and Cash Equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.30M | USD | 1 Quarter |
| Cash, Cash Equivalents and Restricted Cash - Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$4.49M | USD | Point-in-time |
| Cash, Cash Equivalents and Restricted Cash - Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$10.45M | USD | Point-in-time |
| Cash, Cash Equivalents and Restricted Cash - Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$4.72M | USD | Point-in-time |
| Cash, Cash Equivalents and Restricted Cash - Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$9.02M | USD | Point-in-time |
| Cash, Cash Equivalents and Restricted Cash - End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$4.49M | USD | Point-in-time |
| Cash, Cash Equivalents and Restricted Cash - End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$10.45M | USD | Point-in-time |
| Cash, Cash Equivalents and Restricted Cash - End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$4.72M | USD | Point-in-time |
| Cash, Cash Equivalents and Restricted Cash - End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$9.02M | USD | Point-in-time |
| Cash paid for interest, net of capitalized interest cost |
InterestPaidNet
|
$787.35K | USD | 1 Quarter |
| Cash paid for interest, net of capitalized interest cost |
InterestPaidNet
|
$713.20K | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaid
|
$1.47M | USD | 1 Quarter |
| Cash and bank balances |
CashBankBalances
|
$4.65M | USD | 1 Quarter |
| Cash and bank balances |
CashBankBalances
|
$740.31K | USD | 1 Quarter |
| Restricted cash |
NonCashRestrictedCash
|
$3.98M | USD | 1 Quarter |
| Restricted cash |
NonCashRestrictedCash
|
$5.80M | USD | 1 Quarter |
| Total cash, cash equivalents and restricted cash shown in the statement of cash flows |
TotalCashEquivalentsAndRestrictedCash
|
$10.45M | USD | 1 Quarter |
| Total cash, cash equivalents and restricted cash shown in the statement of cash flows |
TotalCashEquivalentsAndRestrictedCash
|
$4.72M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.