Ever-Glory International (EVKG) 10-Q 14 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 08, 2020
Document and Entity Information [Abstract]
Entity Registrant Name	Ever-Glory International Group, Inc.
Entity Central Index Key	0000943184
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		14,804,832
Entity File Number	0-28806
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	FL

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
CURRENT ASSETS
Cash and cash equivalents	$ 70,036	$ 48,551
Accounts receivable, net	42,265	78,053
Inventories	52,152	67,355
Advances on inventory purchases	1,248	2,495
Value added tax receivable	6,961	7,497
Other receivables and prepaid expenses	6,723	9,681
Amounts due from related parties	102	123
Total Current Assets	179,487	213,755
NONCURRENT ASSETS
Intangible assets, net	4,529	4,729
Property and equipment, net	26,886	28,812
Operating lease right-of-use assets	42,583	53,379
Deferred tax assets	878	996
Total Non-Current Assets	74,876	87,916
TOTAL ASSETS	254,363	301,671
CURRENT LIABILITIES
Bank loans	26,104	29,931
Accounts payable	52,173	72,418
Accounts payable and other payables - related parties	3,889	4,811
Other payables and accrued liabilities	13,033	19,137
Value added and other taxes payable	598	1,657
Income tax payable	121	1,142
Current operating lease liabilities	34,315	44,888
Total Current Liabilities	130,233	173,984
NONCURRENT LIABILITIES
Non-current operating lease liabilities	8,325	8,537
TOTAL LIABILITIES	138,558	182,521
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:
Preferred stock ($0.001 par value, authorized 5,000,000 shares, no shares issued and outstanding)
Common stock ($0.001 par value, authorized 50,000,000 shares, 14,804,832 and 14,801,770 shares issued and outstanding As of March 31, 2020 and December 31, 2019, respectively)	15	15
Additional paid-in capital	3,645	3,640
Retained earnings	103,627	106,328
Statutory reserve	19,939	19,939
Accumulated other comprehensive loss	(5,770)	(4,330)
Amounts due from related party	(4,147)	(4,932)
Total equity attributable to stockholders of the Company	117,309	120,660
Noncontrolling interest	(1,504)	(1,510)
Total Equity	115,805	119,150
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 254,363	$ 301,671

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,804,832	14,801,770
Common stock, shares outstanding	14,804,832	14,801,770

Consolidated Statements of Inco

Consolidated Statements of Income (Loss) and Comprehensive Loss (Income) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
SALES	$ 58,355	$ 87,956
COST OF SALES	42,317	58,598
GROSS PROFIT	16,038	29,358
OPERATING EXPENSES
Selling expenses	13,478	21,008
General and administrative expenses	5,785	7,529
Total operating expenses	19,263	28,537
(LOSS) INCOME FROM OPERATIONS	(3,225)	821
OTHER INCOME (EXPENSE)
Interest income	277	207
Interest expense	(341)	(363)
Other income (expense), net	818	(295)
Total other income (expense), net	754	(451)
(LOSS) INCOME BEFORE INCOME TAX	(2,471)	370
INCOME TAX EXPENSE	(227)	(825)
NET LOSS	(2,698)	(455)
Net (income) loss attributable to the non-controlling interest	(3)	(66)
NET LOSS ATTRIBUTABLE TO THE COMPANY	(2,701)	(521)
NET LOSS	(2,698)	(455)
Foreign currency translation gain (loss)	(1,437)	4,006
COMPREHENSIVE (LOSS) INCOME	(4,135)	3,551
Comprehensive loss attributable to the noncontrolling interest	6	100
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY	$ (4,129)	$ 3,651
EARNINGS (LOSS) PER SHARE:
Basic and diluted	$ (0.18)	$ (0.04)
Weighted average number of shares outstanding Basic and diluted	14,804,832	14,800,140

Condensed Consolidated Statemen

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional paid-in capital	Retained Earnings Unrestricted	Retained Earnings Statutory reserve	Accumulated other Comprehensive income	Amounts due from related party	Total equity attributable to stockholders of the Company	Non-controlling Interest	Total
Balance at Dec. 31, 2018	$ 15	$ 3,627	$ 105,914	$ 19,083	$ (3,578)	$ (10,354)	$ 114,707	$ (1,551)	$ 113,156
Balance, shares at Dec. 31, 2018	14,798,198
Stock based compensation	$ 0	8					8		8
Stock based compensation, shares	1,942
Net income (loss)			(521)				(521)	66	(455)
Net cash received from (paid) to related party under counter guarantee agreement						1,101	1,101		1,101
Foreign currency translation income (loss)					3,972		3,972	34	4,006
Balance at Mar. 31, 2019	$ 15	3,635	105,393	19,083	394	(9,253)	119,267	(1,451)	117,816
Balance, shares at Mar. 31, 2019	14,800,140
Balance at Dec. 31, 2019	$ 15	3,640	106,328	19,939	(4,330)	(4,932)	120,660	(1,510)	119,150
Balance, shares at Dec. 31, 2019	14,801,770
Stock based compensation	$ 0	5					5		5
Stock based compensation, shares	3,062
Net income (loss)			(2,701)				(2,701)	3	(2,698)
Net cash received from (paid) to related party under counter guarantee agreement						785	785		785
Foreign currency translation income (loss)					(1,440)		(1,440)	3	(1,437)
Balance at Mar. 31, 2020	$ 15	$ 3,645	$ 103,627	$ 19,939	$ (5,770)	$ (4,147)	$ 117,309	$ (1,504)	$ 115,805
Balance, shares at Mar. 31, 2020	14,804,832

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (2,698)	$ (455)
Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation and amortization	1,587	2,225
Gain on disposal of intangible assets	(268)
Loss from sale of property and equipment	102	52
Provision of bad debt allowance	278
Provision for obsolete inventories	4,204	1,824
Deferred income tax	104	(145)
Stock-based compensation	5	8
Changes in operating assets and liabilities
Accounts receivable	34,906	31,027
Inventories	10,303	10,557
Value added tax receivable	210	1,406
Other receivables and prepaid expenses	364	3,975
Advances on inventory purchases	2,855	490
Amounts due from related parties	142	103
Accounts payable	(19,864)	(26,505)
Accounts payable and other payables- related parties	(1,038)	(741)
Other payables and accrued liabilities	(5,587)	(9,565)
Value added and other taxes payable	(31)	(2,788)
Income tax payable	(1,019)	(327)
Net cash provided by operating activities	24,555	11,141
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(78)	(2,131)
Disposal of intangible assets	353
Net cash provided by (used in) investing activities	275	(2,131)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank loans	11,464	6,029
Repayment of bank loans	(14,884)	(7,408)
Repayment of counter guarantee from related party	748	3,488
Advances to related party		(2,163)
Net cash provided by (used in) financing activities	(2,672)	(54)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	1,497	1,908
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	23,655	10,864
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	48,551	47,012
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	72,206	57,876
Reconciliation of cash, cash equivalents and restricted cash reported within their consolidated balance sheets:
Cash and Cash Equivalents	70,036	47,012
Restricted cash (booked in other receivables and prepaid expenses)	2,170
Total	72,206	47,012
Cash paid during the period for:
Interest	341	363
Income taxes	$ 1,218	$ 126

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	NOTE 1 BASIS OF PRESENTATION Ever-Glory International Group, Inc. (the "Company"), together with its subsidiaries, is an apparel manufacturer, supplier and retailer in The People's Republic of China ("China or "PRC"), with a wholesale segment and a retail segment. The Company's wholesale business consists of recognized brands for department and specialty stores located in China, Europe, Japan and the United States. The Company's retail business consists of flagship stores and store-in-stores located in China for the Company's own-brand products. The Company's wholesale operations are provided primarily through the Company's wholly-owned PRC subsidiaries, Goldenway Nanjing Garments Co. Ltd. ("Goldenway"), Nanjing Catch-Luck Garments Co. Ltd. ("Catch-Luck"), Nanjing New-Tailun Garments Co. Ltd ("New-Tailun"), Haian Tai Xin Garments Trading Company Limited ("Haian Tai Xin"), Ever-Glory International Group Apparel Inc.("Ever-Glory Apparel"), Chuzhou Huirui Garments Co. Ltd. ("Huirui") and Nanjing Tai Xin Garments Trading Company Limited ("Tai Xin"), and the Company's wholly-owned Samoa subsidiary, Ever-Glory International Group (HK) Ltd. ("Ever-Glory HK") and Ever-Glory Supply Chain Service Co., Limited ("Ever-Glory Supply Chain"). The Company's retail operations are provided through its wholly- owned subsidiaries, Shanghai LA GO Fashion Company Limited ("Shanghai LA GO GO"), Jiangsu LA GO Fashion Company Limited ("Jiangsu LA GO GO"), Tianjin LA GO Fashion Company Limited ("Tianjin LA GO GO"), Shanghai Ya Lan Fashion Company Limited ("Ya Lan"), Shanghai Yiduo Fashion Company Limited ("Shanghai Yiduo") and Xizang He Meida Trading Company Limited ("He Meida"). In March 2020, the Company incorporated Nanjing Rui Lian Technology Company Limited ("Nanjing Rui Lian") and it is the Company's wholly-owned PRC subsidiaries. Nanjing Rui Lian is engaged in the business of garments trading. In the opinion of management, the accompanying unaudited condensed consolidated financial statements of the Company and its subsidiaries contain all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the condensed consolidated balance sheet as of March 31, 2020 the condensed consolidated statements of income (loss) and comprehensive income(loss), condensed consolidated statements of equity, and cash flows for the three months ended March 31, 2020 and 2019. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the instructions to Rule 8-03 of Regulation S-X of the Securities and Exchange Commission (the "SEC"). Accordingly, they have been condensed and do not include all of the information and footnotes required by GAAP for complete financial statements. Wholesale revenues are generally higher in the third and fourth fiscal quarters, while retail revenues are generally higher in the first and fourth fiscal quarters. The results of operations for the three months ended March 31, 2020 are not necessarily indicative of the results of operations to be expected for the full fiscal year. These financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2019.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SIGNIFICANT ACCOUNTING POLICIES Revenue Recognition The company recognizes wholesale revenue from product sales, net of value-added taxes, upon delivery for local sales and upon shipment of the products for export sales, at such time title passes to the customer. We recognize wholesale revenue from manufacturing fees charged to buyers for the assembly of garments from materials provided by the buyers upon completion of the manufacturing process and shipment of the products for export sales. Retail sales are recorded net of promotional discounts, rebates, and return allowances. Retail store sales are recognized at the time of the register receipt. Retail online sales are recognized when products are shipped and customers receive the products because we retain a portion of the risk of loss on these sales during transit. Our revenue recognition policy is in compliance with ASC 606, Revenue from Contracts with Customers (i) identification of the promised goods and services in the contract; (ii) determination of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. We only apply the five-step model to contracts when it is probable that we will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, we review the contract to determine which performance obligations we must deliver and which of these performance obligations are distinct. We recognize as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, our performance obligations are transferred to customers at a point in time, typically upon delivery for local sales and upon shipment of the products for export sale. For all reporting periods, we have not disclosed the value of unsatisfied performance obligations for all product revenue contracts with an original expected length of one year or less, which is an optional exemption that is permitted under the adopted rules. Accounts Receivable, net The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the associated risks by performing credit checks and actively pursuing past due accounts. An allowance for doubtful accounts is established and recorded based on management's assessment of the credit history of its customers and current relationships with them. The Company writes off accounts receivable when amounts are deemed uncollectible. For the three months ended March 31, 2020 and 2019, $0.26 million and $0 million of bad debt expenses have been provided in the consolidated financial statements, respectively. The allowance for doubtful account balances as of March 31, 2020 and December 31, 2019 are $5.6 million and $5.3 million, respectively. Fair Value Accounting Accounting Standards Codification ("ASC") 820 " Fair Value Measurements and Disclosures Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). The fair value of forward exchange contracts is based on broker quotes, if available. If broker quotes are not available, then fair value is estimated by discounting the difference between the contractual forward price and the current forward price at the reporting date for the residual maturity of the contract using a risk-free interest rate based on government bonds. At March 31, 2020 and December 31, 2019, the Company's financial assets (all Level 1) consist of cash placed with financial institutions that management considers to be of a high quality. Management has estimated that the carrying amounts of non-related party financial instruments approximate their fair values due to their short-term maturities. The fair value of amounts due from (to) related parties is not practicable to estimate due to the related party nature of the underlying transactions. The Company has adopted ASC 825-10 " Financial Instruments Foreign Currency Translation and Other Comprehensive Income (Loss) The reporting currency of the Company is the U.S. dollar. The functional currency of Ever-Glory, Perfect Dream, Ever-Glory HK and Ever-Glory Supply Chain is the U.S. dollar. The functional currency of Goldenway, New Tailun, Catch-luck, Ever-Glory Apparel, Shanghai LA GO GO, Jiangsu LA GO GO, Tianjin LA GO GO, Shanghai Yiduo, Ya Lan, He Meida, Huirui, Taixin, Haian Taixin and Nanjing Rui Lian is the Chinese RMB. For subsidiaries whose functional currency is the RMB, all assets and liabilities were translated at the exchange rate at the balance sheet date; equity was translated at historical rates and items in the statement of comprehensive income were translated at the average rate for the period. Translation adjustments resulting from this process are included in accumulated other comprehensive income. The resulting translation gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Items in the cash flow statement are translated at the average exchange rate for the period. Income Taxes ASC 740 states "Deferred tax assets are recognized in full and then reduced by a valuation allowance if it is more likely than not that some or all of the deferred tax assets will not be recognized." A deferred tax asset is a tax reduction whose recognition is delayed due to deductible temporary differences and loss carryforwards. This can result in a change in taxes payable or refundable in future periods. A business should create a valuation allowance for a deferred tax asset if there is a more than 50% probability that the company will not realize some portion of the asset. Any changes to this allowance are to be recorded within income from continuing operations on the income statement. The need for a valuation allowance is especially likely if a business has a history of letting various loss carryforwards expire unused, or it expects to incur losses in the next few years. Lease The Company adopted ASC No. 842, Leases effective January 1, 2019 to account for all Company's leases. All leases are recorded in the balance sheets. The lease liability is measured at present value of outstanding lease payments, both at commencement date and subsequently. The discount rate is generally the Company's incremental borrowing rate as the lessor's rate implicit in the lease is not readily determinable. The right-of-use (ROU) asset costs at commencement date consist of initial lease liability, any initial direct costs, and any lease payments made to the lessor at or before the commencement date, minus any lease incentives received. Subsequently, the carrying amount of ROU asset is derived from the carrying amount of the lease liability, plus unamortized direct costs and prepaid lease payments, and minus unamortized balance of lease incentives received. The annual amortization expenses will be recorded in consolidated statement of operations and allocating between cost of sales and operating expenses. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13 "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company's consolidated financial statements.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 3 INVENTORIES Inventories at March 31, 2020 and December 31, 2019 consisted of the following: March 31, December 31, (In thousands of Raw materials $ 1,137 $ 1,468 Work-in-progress 10,081 8,025 Finished goods 40,934 57,862 Total inventories $ 52,152 $ 67,355

Bank Loans

Bank Loans	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
BANK LOANS	NOTE 4 BANK LOANS Bank loans represent amounts due to various banks and are generally due on demand or within one year. These loans can be renewed with the banks. Short term bank loans consisted of the following as of March 31, 2020 and December 31, 2019. March 31, December 31, Bank (In thousands of Industrial and Commercial Bank of China $ 19,754 $ 18,629 Nanjing Bank 3,528 6,449 China Minsheng Bank 2,822 2,866 Bank of Communications - 1,426 HSBC - 561 $ 26,104 $ 29,931 In December 2019, Goldenway entered into a line of credit agreement with Industrial and Commercial Bank of China, which allows the Company to borrow up to approximately $5.6 million (RMB40.0 million). These loans are collateralized by the Company's property and equipment. As of March 31, 2020, Goldenway had borrowed $5.6 million (RMB40.0 million) from Industrial and Commercial Bank of China with an annual interest rate 4.57% and due on August 2020. In November 2018, Ever-Glory Apparel entered into a line of credit agreement for approximately $14.1 million (RMB100.0 million) with Industrial and Commercial Bank of China and collateralized by assets of Jiangsu Ever-Glory's equity investee, Nanjing Knitting, under a collateral agreement executed among Ever-Glory Apparel, Nanjing Knitting and the bank. As of March 31, 2020, Ever-Glory Apparel had borrowed $14.1 million (RMB 100.0 million) under this line of credit with annual interest rates ranging from 3.92% to 4.7% and due on from May 2020 to March 2021. In August 2018, Goldenway entered into a line of credit agreement with Nanjing Bank, which allows the Company to borrow up to approximately $7.1 million (RMB50.0 million). These loans are guaranteed by Jiangsu Ever-Glory International Group Corp. ("Jiangsu Ever-Glory"), an entity controlled by Mr. Kang, the Company's Chairman and Chief Executive Officer. These loans are also collateralized by the Company's property and equipment. As of March 31, 2020, approximately $7.1 million was unused and available under this line of credit. In August 2018, Ever-Glory Apparel entered into a line of credit agreement for approximately $8.5 million (RMB60.0 million) with Nanjing Bank and guaranteed by Jiangsu Ever-Glory, Mr. Kang and Goldenway. As of March 31, 2020, Ever-Glory Apparel had borrowed $1.4 million (RMB10.0 million) from Nanjing Bank with an annual interest rate 5.0% and due on June 2020. As of March 31, 2020, approximately $7.1 million was unused and available under this line of credit. In June 2019, LA GO GO entered into a revolving line of credit agreement with Nanjing Bank, which allows the Company to borrow up to approximately $2.8 million (RMB20.0 million). The line of credit is guaranteed by Mr. Kang and Goldenway. As of March 31, 2020, LA GO GO had borrowed $2.1 million (RMB15.0 million) under this line of credit with an annual interest rate of 5.22% and due in June 2020. As of March 31, 2020, approximately $0.7 million was unused and available under this line of credit. In June 2018, LA GO GO entered into a line of credit agreement for approximately $2.8 million (RMB20.0 million) with China Minsheng Bank and guaranteed by Ever-Glory Apparel and Mr. Kang. As of March 31, 2020, LA GO GO had borrowed $2.8 million (RMB20.0 million) from China Minsheng Bank with an annual interest rate of 5.0% and due in November 2020. In September 2019, LA GO GO entered into a line of credit agreement for approximately $2.8 million (RMB20.0 million) with the Bank of Communications and guaranteed by Jiangsu Ever-Glory, Ever-Glory Apparel and Jiangsu LAGOGO. As of March 31, 2020, approximately $2.8 million was unused and available under this line of credit. In September 2019, Ever-Glory Apparel entered into a line of credit agreement for approximately $5.6 million (RMB40.0 million) with the Shanghai Pudong Development Bank and guaranteed by Goldenway. As of March 31, 2020, approximately $5.6 million was unused and available under this line of credit. In August 2019, Ever-Glory Apparel and Goldenway collectively entered into a secured banking facility agreement for a combined revolving import facility, letter of credit, invoice financing facilities and a credit line for treasury products of up to $2.5 million with the Nanjing Branch of HSBC (China) Company Limited ("HSBC"). This agreement is guaranteed by the Company and Mr. Kang. As of March 31, 2020, approximately $2.5 million was unused and available under this line of credit. All bank loans are used to fund our daily operations. All loans have been repaid before or at maturity date. Total interest expense on bank loans amounted to $0.3 million and $0.4 million for the three months ended March 31, 2020 and 2019, respectively.

Income Tax

Income Tax	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAX	NOTE 5 INCOME TAX The Company's operating subsidiaries are governed by the Income Tax Law of the PRC concerning Foreign Investment Enterprises and Foreign Enterprises and various local income tax laws ("the Income Tax Laws"). All PRC subsidiaries, except for He Meida, are subject to income tax at the 25% statutory rate. He Meida incorporated in Xizang (Tibet) Autonomous Region is subject to income tax at 15% statutory rate. The local government has implemented an income tax reduction from 15% to 9% valid through December 31, 2020. Perfect Dream was incorporated in the British Virgin Islands (BVI), and under the current laws of the BVI dividends and capital gains arising from the Company's investments in the BVI are not subject to income taxes. Ever-Glory HK was incorporated in Samoa, and under the current laws of Samoa has no liabilities for income taxes. Ever-Glory Supply Chain Service Co., Limited was incorporated in Hongkong, and under the current laws of Hongkong, its income tax rate is 8.25% when its profit is under HKD 2.0 million and its income tax rate is 16.5% when its profit is over HKD 2.0 million. The PRC's Enterprise Income Tax Law imposes a 10% withholding income tax for dividends distributed by a foreign invested enterprise in PRC to its immediate holding company outside China; such distributions were exempted under the previous income tax law and regulations. A lower withholding tax rate will be applied if there is a tax treaty arrangement between mainland China and the jurisdiction of the foreign holding company. The foreign invested enterprise became subject to the withholding tax starting from January 1, 2008. Given that the undistributed profits of the Company's subsidiaries in China are intended to be retained in China for business development and expansion purposes, no withholding tax accrual has been made. After the tax liability adjustment resulted from the reevaluation of the Company's tax position (resulting in the company allocating substantially all of the earnings of the Samoan subsidiary to the PRC and reporting such earnings as taxable in the PRC), pre-tax income for the years ended March 31, 2020 and 2019 was taxable in the following jurisdictions: 2020 2019 (In thousands of PRC $ (1,748 ) $ 389 BVI (720 ) (2 ) Others (3 ) (5 ) $ (2,471 ) $ 382 The following table reconciles the PRC statutory rates to the Company's effective tax rate for the three months ended March 31, 2020 and 2019: 2020 2019 PRC statutory rate 25.0 % 25.0 % Temporary difference between US GAAP and PRC tax accounting (34.2 ) 198.0 Effective income tax rate (9.2 )% 223.0 % Income tax expense for the three months ended March 31, 2020 and 2019 is as follows: 2020 2019 (In thousands of Current $ 345 $ 495 Deferred (118 ) 330 Income tax expense $ 227 $ 825 The Company's deferred tax liabilities arise from differences between US GAAP and PRC tax accounting for certain revenue and expense items, including timing of deduction of losses from allowances. The Company has not recorded U.S. deferred income taxes on approximately $103.6 million of its non-U.S. subsidiaries' undistributed earnings because such amounts are intended to be reinvested outside the United States indefinitely. On December 22, 2017 the U.S. enacted the "Tax Cuts and Jobs Act" ("U.S. Tax Reform") which made significant changes to corporate income tax law. One significant change was to decrease the general corporate income tax rate from 34% to 21%. This reduction had no effect on the Company's income tax expense as the reduction in deferred tax assets was offset by an equivalent reduction in the valuation allowance. Another significant change resulting from U.S. Tax Reform is that any future remittances to the parent company from business income earned by its subsidiaries outside of the U.S. will no longer to taxable to the Company under U.S. tax law. The Company would be liable for payment of income tax, or reduction of the net operating loss carryover, at a reduced rate for any accumulated earnings and profits of its non-U.S. subsidiaries at December 31, 2017. U.S. Tax Reform includes provisions for Global Intangible Low-Taxed Income ("GILTI") under which taxes on foreign income are imposed on the excess of a deemed return on tangible assets of certain foreign subsidiaries and for Base Erosion and Anti-Abuse Tax ("BEAT") under which taxes are imposed on certain base eroding payments to affiliated foreign companies. Consistent with accounting guidance, we treat BEAT as a period tax charge in the period the tax is incurred and have made an accounting policy election to treat GILTI taxes in a similar manner. The Company measured the current and deferred taxes based on the provisions of the Tax legislation. After the Company's measurement, no deferred tax expense (income) relating to the Tax Act changes for the three months ended March 31, 2020.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 6 EARNINGS PER SHARE The following demonstrates the calculation for earnings per share for the three months ended March 31, 2020 and 2019: 2020 2019 Weighted average number of common shares- Basic and diluted 14,804,832 14,800,140 Earnings (loss) per share - basic and diluted $ (0.18 ) $ (0.04 )

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 7 STOCKHOLDERS' EQUITY On January 31, 2019, the Company issued 1,942 shares of the Company's common stock to two of the Company's independent directors as compensation for their services rendered during the third and fourth quarter of 2018. The shares issued in 2019 were valued at $3.8 per share, which was the average market price of the common stock for the five days before the grant date. On January 15, 2020, the Company issued 3,062 shares of Company's common stock to two of the Company's independent directors as compensation for their services rendered during the third and fourth quarter of 2019. The shares issued in 2020 were valued at $1.41 per share, which was the average market price of the common stock for the five days before the grant date.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 8 RELATED PARTY TRANSACTIONS Mr. Kang is the Company's Chairman and Chief Executive Officer. Ever-Glory Enterprises (HK) Ltd. (Ever-Glory Enterprises) is the Company's major shareholder. Mr. Xiaodong Yan was Ever-Glory Enterprises' sole shareholder and sole director. Mr. Huake Kang, Mr. Kang's son, acquired 83% interest of Ever-Glory Enterprises and became its sole director in 2014. All transactions associated with the following companies controlled by Mr. Kang or his son are considered to be related party transactions, and it is possible that the terms of these transactions may not be the same as those that would result from transactions between unrelated parties. All related party outstanding balances are short-term in nature and are expected to be settled in cash. Other income from Related Parties Jiangsu Wubijia Trading Company Limited ("Wubijia") is an entity engaged in high-grade home goods sales and is controlled by Mr. Kang. Wubijia has sold their home goods on consignment in certain Company's retail stores since the third quarter of 2014. During the three months ended March 31, 2020 and 2019, the Company received $2,517 and $31,479 from the customers and paid $2,517 and $25,838 to Wubijia through the consignment, respectively. The net profit of $0 and $5,641 was recorded as other income during the three months ended March 31, 2020 and 2019, respectively. Other expenses due to Related Parties Included in other expenses for the three months ended March 31, 2020 and 2019 are rent due to entities controlled by Mr. Kang under operating lease agreements as follows: 2020 2019 (In thousands of Chuzhou Huarui 50 53 Kunshan Enjin 22 22 Total $ 72 $ 75 The Company leases Chuzhou Huarui and Kunshan Enjin's warehouse spaces because the locations are convenient for transportation and distribution. Purchases from and Sub-contracts with Related Parties The Company purchased raw materials from Nanjing Knitting totaled $0 million and $0.20 million during the three months ended March 31, 2020 and 2019, respectively. In addition, the Company sub-contracted certain manufacturing work to related companies totaled $3.1 million and $5.1 million for the three months ended March 31, 2020 and 2019, respectively. The Company provided raw materials to the sub-contractors and charged a fixed fee for labor provided by the sub-contractors. Sub-contracts with related parties included in cost of sales for the three months ended March 31, 2020 and 2019 are as follows: 2020 2019 (In thousands of Ever-Glory Vietnam $ 1,884 $ 2,579 Chuzhou Huarui 513 1,507 Fengyang Huarui 158 106 Nanjing Ever-Kyowa 254 347 EsC'eLav 10 88 Jiangsu Ever-Glory 246 425 Total $ 3,065 $ 5,052 Accounts Payable – Related Parties The accounts payable to related parties at March 31, 2020 and December 31, 2019 are as follows: 2020 2019 (In thousands of Ever-Glory Vietnam $ 1,561 2,260 Fengyang Huarui 351 414 Nanjing Ever-Kyowa 380 386 Chuzhou Huarui 1,360 1,064 Nanjing Knitting 171 186 Jiangsu Ever-Glory 66 501 Total $ 3,889 $ 4,811 Amounts Due From Related Parties-current assets The amounts due from related parties at March 31, 2020 and December 31, 2019 are as follows: 2020 2019 (In thousands of Jiangsu Ever-Glory $ 102 $ 123 Esc'elav - - Total $ 102 $ 123 Jiangsu Ever-Glory is an entity engaged in importing/exporting, apparel-manufacture, real-estate development, car sales and other activities. Jiangsu Ever-Glory is controlled by Mr. Kang. During three months ended March 31, 2020 and 2019, the Company and Jiangsu Ever-Glory purchased raw materials on behalf of each other in order to obtain cheaper purchase prices. The Company purchased raw materials on Jiangsu Ever-Glory's behalf and sold to Jiangsu Ever-Glory at cost for $0.2 million and $0 during the three month period ended March 31, 2020 and 2019, respectively. Jiangsu Ever-Glory purchased raw materials on the Company's behalf and sold to the Company at cost for $0.7 million and $0.4 million during the three months ended March 31, 2020 and 2019, respectively. Amounts Due From Related Party under Counter Guarantee Agreement In March 2012, in consideration of the guarantees and collateral provided by Jiangsu Ever-Glory and Nanjing Knitting, the Company agreed to provide Jiangsu Ever-Glory a counter guarantee in the form of cash of not less than 70% of the maximum aggregate lines of credit obtained by the Company. Jiangsu Ever-Glory is obligated to return the full amount of the counter-guarantee funds provided upon expiration or termination of the underlying lines of credit and is to pay annual interest at the rate of 6.0% of amounts provided. As of March 31, 2020 and December 31, 2019, Jiangsu Ever-Glory has provided guarantees for approximately $33.0 million (RMB 230 million) and $33 million (RMB 230.0 million) of lines of credit obtained by the Company, respectively. Jiangsu Ever-Glory and Nanjing Knitting have also provided their assets as collateral for certain of these lines of credit. The value of the collateral, as per appraisals obtained by the banks in connection with these lines of credit is approximately $29.4 million (RMB 205.5 million) and $29.4 million (RMB 205.5 million) as of March 31, 2020 and December 31, 2019 respectively. Mr. Kang has also provided a personal guarantee for $14.3 million (RMB 100.0 million) and $14.5 million (RMB 100.0 million) as of March 31, 2020 and December 31, 2019, respectively. At December 31, 2019, $4.7 million (RMB 32.8 million) was outstanding due from Jiangsu Ever-Glory under the counter guarantee agreement. During the three months ended March 31, 2020, no advance was provided to and repayment of $0.7 million (RMB5.2 million) was received from Jiangsu Ever-Glory under the counter-guarantee. As of March 31, 2020, the amount of the counter-guarantee was $3.9 million (RMB 27.5 million) (the difference represents currency exchange adjustment of $0.07 million), which was 11.97% of the aggregate amount of lines of credit. This amount plus accrued interest of $0.3 million have been classified as a reduction of equity, consistent with the guidance of SEC Staff Accounting Bulletins 4E and 4G. At March 31, 2020 and December 31, 2019, the amount classified as a reduction of equity was $4.1 million and $5 million, respectively. Interest of 0.5% is charged on net amounts due from Jiangsu Ever-Glory at each month end. Since April 1, 2015, interest rate has changed to 0.41% as the bank benchmark interest rate decreased. Since January 1, 2019, interest rate has changed to 0.3625% as the bank benchmark interest rate decreased. Interest income for the three months ended March 31, 2020 and 2019 was approximately $0.02 million and $0.1 million, respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENT AND CONTINGENCIES	NOTE 9 COMMITMENTS AND CONTINGENCIES Operating Lease Commitment The Company recognized operating lease liabilities and operating lease right-of-use assets on its balance sheets. ROU assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. The company has leases with fixed payments for land-use-rights, warehouses and logistics centers, flagship stores, and leases with variable payments for stores within shopping malls ("shopping mall stores") in the PRC, which are classified as operating leases. Options to extend or renew are recognized as part of the lease liabilities and recognized as right of use assets. There are no residual value guarantees and no restrictions or covenants imposed by the leases. The weighted average remaining lease term excluding stores in the shopping malls is 31 years and the weighted average discount rate is 4.35%. The lease term for shopping mall stores is commonly one year with options to extend or renew, and the rent is predetermined with a percentage of sales. The Company estimates the next 12 months rent for the shopping mall stores by annualizing current period rent calculated with the percentage of sales. Thus, the ROU assets and lease liabilities may vary significantly at different period ends. In the three months ended March 31, 2020, the costs of the leases recognized in cost of revenues and general administrative expenses are $6.0 and $0.2 million, respectively. Cash paid for the operating leases including in the operating cash flows was $6.2 million. Future minimum lease payments for leases with initial or remaining noncancelable lease terms in excess of one year are as follows: Year ending December 31, (In thousands of U.S. Dollars) 2020 387 2021 387 2022 387 2023 401 2024 401 Thereafter 12,374 $ 14,337 Legal Proceedings On March 2019, Shanghai La Go Go Fashion Company Limited ("LA GO GO") filed a complaint against Shanghai Chijing Investment Management Co., Ltd. ("Shanghai Chijing") for unpaid rent of RMB2.45 million ($0.36 million) in the Shanghai People's Court (the "Court"). On July 2019, Shanghai Chijing filed a counterclaim against LA GO GO for RMB15.38 million ($2.17 million), alleging that LA GO GO had not fulfilled its corresponding obligations as a landlord. As a result, the Court has frozen the bank accounts of both Shanghai Chijing and LA GO GO. As of December 31, 2019, a total balance of RMB15.38 million ($2.2 million) was frozen in the bank accounts of LA GO GO. LA GO GO believes that Shanghai Chijing's counterclaim is frivolous and without merit, and is rigorously defending against the counterclaim. As of December 31, 2019, the company had booked this restricted cash in other receivables. On March 10, 2020, the Court entered a judgment in favor of LA GO GO and dismissed Shanghai Chijing's counterclaim. LA GO GO believes that the damages awarded by the Court in favor of LA GO GO were insufficient. As of the date of this report, both LA GO GO and Shanghai Chijing have appealed the decision of the Court entered on March 10, 2020 and the date of the appeal hearing has not been determined yet. In addition to the foregoing, we may become subject to other legal proceedings that arise in the ordinary course of business and have not been finally adjudicated. Adverse decisions in any of the foregoing may have a material adverse effect on our results of operations, cash flows or our financial condition.

Risks and Uncertainties

Risks and Uncertainties	3 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
RISKS AND UNCERTAINTIES	NOTE 10 RISKS AND UNCERTAINTIES Economic and Political Risks The Company’s results of operations could be adversely affected by general conditions in the global economy, including conditions that are outside of its control, such as the impact of health and safety concerns from the outbreak of COVID-19. The outbreak in China has resulted in the reduction of customer traffic and temporary closures of shopping malls as mandated by the provincial governments in various provinces of China from late January to March, which has adversely affected the company is the retail business with a decline in sales since February 2020. The Company’s wholesale business is also significantly affected as the Company is facing a sharp decline in its order quantities. Some of the Company’s wholesale clients have also cancelled or postponed existing orders. Due to the Chinese factories’ shutdowns and traffic restrictions during the outbreak in China and potential shutdowns and traffic restrictions in the countries where the Company’s suppliers are located, The Company’s supply chain and business operations of its suppliers may be affected. Disruptions from the closure of supplier and manufacturer facilities, interruptions in the supply of raw materials and components, personnel absences, or restrictions on the shipment of the Company’s or its suppliers’ or customers’ products, could have adverse ripple effects on the Company’s manufacturing output and delivery schedule. The Company could also face difficulties in collecting its accounts receivables due to the effects of COVID-19 on its customers and risk gaining a large amount of bad debt. Global health concerns, such as COVID-19, could also result in social, economic, and labor instability in the countries and localities in which the Company, its suppliers and customers operate. Although China has already begun to recover from the outbreak of COVID-19, the epidemic continues to spread on a global scale and there is the risk of the epidemic returning to China in the future, thereby causing further business interruption. While the potential economic impact brought by and the duration of COVID-19 may be difficult to assess or predict, a widespread pandemic could result in significant disruption of global financial markets, reducing our ability to access capital, which could in the future negatively affect the Company’s liquidity. In addition, a recession or market correction resulting from the spread of COVID-19 could materially affect the Company’s business and the value of its common stock. If the Company’s future sales continue to decline significantly, it may risk facing financial difficulties due to its recurring fixed expenses. The extent to which COVID-19 impacts the Company’s operating is uncertain and cannot be predicted at this time, and it will depend on many factors and future developments, including new information about COVID-19 and any new government regulations which may emerge to contain the virus, among others. The majority of the Company’s operations are conducted in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC economy. The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. Credit risk The Company extends unsecured credit to its customers in the normal course of business and generally does not require collateral. As a result, management performs ongoing credit evaluations, and the Company maintains an allowance for potential credit losses based upon its loss history and its aging analysis. Management reviews the allowance for doubtful accounts each reporting period based on a detailed analysis of accounts receivable. In the analysis, management primarily considers the age of the customer’s receivable and also considers the credit worthiness of the customer, the economic conditions of the customer’s industry, and general economic conditions and trends, among other factors. If any of these factors change, the Company may also change its original estimates, which could impact the level of the Company’s future allowance for doubtful accounts. If judgments regarding the collectability of accounts receivables are incorrect, adjustments to the allowance may be required, which would reduce profitability. Concentration risk For the three-month period ended March 31, 2020, the Company had four wholesale customers that represented approximately 20%, 10%, 10% and 10% of the Company’s revenues. For the three-month period ended March 31, 2019, the Company had two wholesale customers that represented approximately 26% and 11% of the Company’s revenues. For the wholesale business, the Company relied on one raw material supplier that represented 11% of the total raw material purchases during the three months ended March 31, 2020. The Company did not rely on any raw material supplier that represented more than 10% of the total raw material purchases during the three months ended March 31, 2019. For the retail business, the Company relied on two raw material suppliers that represented approximately 60% and 34% of raw material purchases during the three months ended March 31, 2020. For the retail business, the Company relied on three raw material suppliers that represented approximately 36%, 35% and 23% of raw material purchases during the three months ended March 31, 2019. For the wholesale business, during the three months ended March 31, 2020, the Company relied on one manufacturer that represented 11% of finished goods purchases, and during the three months ended March 31, 2019, the Company relied on two manufacturers that represented 11% and 10% of finished goods purchases. The Company’s revenues for the three months ended March 31, 2020 and 2019 were earned in the following geographic areas: 2020 2019 (In thousands of Mainland China $ 4,653 $ 10,754 Hong Kong China 2,992 1,253 Germany 195 850 United Kingdom 837 800 Europe-Other 3,898 5,229 Japan 4,385 4,938 United States 5,328 4,278 Total wholesale business 22,288 28,102 Retail business 36,067 59,854 Total $ 58,355 $ 87,956

Segments

Segments	3 Months Ended
	Mar. 31, 2020
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
SEGMENTS	NOTE 11 SEGMENTS The Company reports financial and operating information in the following two segments: (a) Wholesale segment (b) Retail segment Wholesale Retail Total (In thousands of U.S. Dollars) As of and for the period ended March 31, 2020 Segment profit or loss: Net revenue from external customers $ 22,288 36,067 58,355 Income from operations $ (674 ) (2,551 ) (3,225 ) Interest income $ 262 15 277 Interest expense $ 218 123 341 Depreciation and amortization $ 254 1,333 1,587 Income tax expense $ 186 41 227 Segment assets: Additions to property, plant and equipment 419 (341 ) 78 Total assets 82,846 171,517 254,363 Wholesale Retail Total (In thousands of U.S. Dollars) As of and for the period ended March 31, 2019 Segment profit or loss: Net revenue from external customers $ 28,102 59,854 87,956 Income from operations $ 769 52 821 Interest income $ 199 8 207 Interest expense $ 262 101 363 Depreciation and amortization $ 290 1,935 2,225 Income tax expense $ 219 606 825 Segment assets: Additions to property, plant and equipment 367 1,764 2,131 Total assets 78,419 204,573 282,992

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 12 SUBSEQUENT EVENTS As of May 14, 2020, there is no material subsequent event to be disclosed.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition The company recognizes wholesale revenue from product sales, net of value-added taxes, upon delivery for local sales and upon shipment of the products for export sales, at such time title passes to the customer. We recognize wholesale revenue from manufacturing fees charged to buyers for the assembly of garments from materials provided by the buyers upon completion of the manufacturing process and shipment of the products for export sales. Retail sales are recorded net of promotional discounts, rebates, and return allowances. Retail store sales are recognized at the time of the register receipt. Retail online sales are recognized when products are shipped and customers receive the products because we retain a portion of the risk of loss on these sales during transit. Our revenue recognition policy is in compliance with ASC 606, Revenue from Contracts with Customers (i) identification of the promised goods and services in the contract; (ii) determination of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. We only apply the five-step model to contracts when it is probable that we will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of ASC 606 at contract inception, we review the contract to determine which performance obligations we must deliver and which of these performance obligations are distinct. We recognize as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, our performance obligations are transferred to customers at a point in time, typically upon delivery for local sales and upon shipment of the products for export sale. For all reporting periods, we have not disclosed the value of unsatisfied performance obligations for all product revenue contracts with an original expected length of one year or less, which is an optional exemption that is permitted under the adopted rules.
Accounts Receivable, net	Accounts Receivable, net The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the associated risks by performing credit checks and actively pursuing past due accounts. An allowance for doubtful accounts is established and recorded based on management's assessment of the credit history of its customers and current relationships with them. The Company writes off accounts receivable when amounts are deemed uncollectible. For the three months ended March 31, 2020 and 2019, $0.26 million and $0 million of bad debt expenses have been provided in the consolidated financial statements, respectively. The allowance for doubtful account balances as of March 31, 2020 and December 31, 2019 are $5.6 million and $5.3 million, respectively.
Fair Value Accounting	Fair Value Accounting Accounting Standards Codification ("ASC") 820 " Fair Value Measurements and Disclosures Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). The fair value of forward exchange contracts is based on broker quotes, if available. If broker quotes are not available, then fair value is estimated by discounting the difference between the contractual forward price and the current forward price at the reporting date for the residual maturity of the contract using a risk-free interest rate based on government bonds. At March 31, 2020 and December 31, 2019, the Company's financial assets (all Level 1) consist of cash placed with financial institutions that management considers to be of a high quality. Management has estimated that the carrying amounts of non-related party financial instruments approximate their fair values due to their short-term maturities. The fair value of amounts due from (to) related parties is not practicable to estimate due to the related party nature of the underlying transactions. The Company has adopted ASC 825-10 " Financial Instruments
Foreign Currency Translation and Other Comprehensive Income	Foreign Currency Translation and Other Comprehensive Income (Loss) The reporting currency of the Company is the U.S. dollar. The functional currency of Ever-Glory, Perfect Dream, Ever-Glory HK and Ever-Glory Supply Chain is the U.S. dollar. The functional currency of Goldenway, New Tailun, Catch-luck, Ever-Glory Apparel, Shanghai LA GO GO, Jiangsu LA GO GO, Tianjin LA GO GO, Shanghai Yiduo, Ya Lan, He Meida, Huirui, Taixin, Haian Taixin and Nanjing Rui Lian is the Chinese RMB. For subsidiaries whose functional currency is the RMB, all assets and liabilities were translated at the exchange rate at the balance sheet date; equity was translated at historical rates and items in the statement of comprehensive income were translated at the average rate for the period. Translation adjustments resulting from this process are included in accumulated other comprehensive income. The resulting translation gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Items in the cash flow statement are translated at the average exchange rate for the period.
Income Tax	Income Taxes ASC 740 states "Deferred tax assets are recognized in full and then reduced by a valuation allowance if it is more likely than not that some or all of the deferred tax assets will not be recognized." A deferred tax asset is a tax reduction whose recognition is delayed due to deductible temporary differences and loss carryforwards. This can result in a change in taxes payable or refundable in future periods. A business should create a valuation allowance for a deferred tax asset if there is a more than 50% probability that the company will not realize some portion of the asset. Any changes to this allowance are to be recorded within income from continuing operations on the income statement. The need for a valuation allowance is especially likely if a business has a history of letting various loss carryforwards expire unused, or it expects to incur losses in the next few years.
Lease	Lease The Company adopted ASC No. 842, Leases effective January 1, 2019 to account for all Company's leases. All leases are recorded in the balance sheets. The lease liability is measured at present value of outstanding lease payments, both at commencement date and subsequently. The discount rate is generally the Company's incremental borrowing rate as the lessor's rate implicit in the lease is not readily determinable. The right-of-use (ROU) asset costs at commencement date consist of initial lease liability, any initial direct costs, and any lease payments made to the lessor at or before the commencement date, minus any lease incentives received. Subsequently, the carrying amount of ROU asset is derived from the carrying amount of the lease liability, plus unamortized direct costs and prepaid lease payments, and minus unamortized balance of lease incentives received. The annual amortization expenses will be recorded in consolidated statement of operations and allocating between cost of sales and operating expenses.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13 "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company's consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Schedule of inventories	March 31, December 31, (In thousands of Raw materials $ 1,137 $ 1,468 Work-in-progress 10,081 8,025 Finished goods 40,934 57,862 Total inventories $ 52,152 $ 67,355

Bank Loans (Tables)

Bank Loans (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of short-term bank loans	March 31, December 31, Bank (In thousands of Industrial and Commercial Bank of China $ 19,754 $ 18,629 Nanjing Bank 3,528 6,449 China Minsheng Bank 2,822 2,866 Bank of Communications - 1,426 HSBC - 561 $ 26,104 $ 29,931

Income Tax (Tables)

Income Tax (Tables)	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Summary of pre-tax income in jurisdictions	2020 2019 (In thousands of PRC $ (1,748 ) $ 389 BVI (720 ) (2 ) Others (3 ) (5 ) $ (2,471 ) $ 382
Summary of reconciliation of PRC statutory rates to the Company's effective tax rate	2020 2019 PRC statutory rate 25.0 % 25.0 % Temporary difference between US GAAP and PRC tax accounting (34.2 ) 198.0 Effective income tax rate (9.2 )% 223.0 %
Schedule of income tax expense	2020 2019 (In thousands of Current $ 345 $ 495 Deferred (118 ) 330 Income tax expense $ 227 $ 825

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of earnings per share	2020 2019 Weighted average number of common shares- Basic and diluted 14,804,832 14,800,140 Earnings (loss) per share - basic and diluted $ (0.18 ) $ (0.04 )

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Summary of other expenses due to related parties	2020 2019 (In thousands of Chuzhou Huarui 50 53 Kunshan Enjin 22 22 Total $ 72 $ 75
Summary of sub-contracts with related parties	2020 2019 (In thousands of Ever-Glory Vietnam $ 1,884 $ 2,579 Chuzhou Huarui 513 1,507 Fengyang Huarui 158 106 Nanjing Ever-Kyowa 254 347 EsC’eLav 10 88 Jiangsu Ever-Glory 246 425 Total $ 3,065 $ 5,052
Summary of accounts payable to related parties	2020 2019 (In thousands of Ever-Glory Vietnam $ 1,561 2,260 Fengyang Huarui 351 414 Nanjing Ever-Kyowa 380 386 Chuzhou Huarui 1,360 1,064 Nanjing Knitting 171 186 Jiangsu Ever-Glory 66 501 Total $ 3,889 $ 4,811
Summary of amounts due from related party current assets	2020 2019 (In thousands of Jiangsu Ever-Glory $ 102 $ 123 Esc’elav - - Total $ 102 $ 123

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments	Year ending December 31, (In thousands of U.S. Dollars) 2020 387 2021 387 2022 387 2023 401 2024 401 Thereafter 12,374 $ 14,337

Risks and Uncertainties (Tables

Risks and Uncertainties (Tables)	3 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Schedule of Company's revenues as per geographic areas	2020 2019 (In thousands of Mainland China $ 4,653 $ 10,754 Hong Kong China 2,992 1,253 Germany 195 850 United Kingdom 837 800 Europe-Other 3,898 5,229 Japan 4,385 4,938 United States 5,328 4,278 Total wholesale business 22,288 28,102 Retail business 36,067 59,854 Total $ 58,355 $ 87,956

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Summary of financial and operating information	Wholesale Retail Total (In thousands of U.S. Dollars) As of and for the period ended March 31, 2020 Segment profit or loss: Net revenue from external customers $ 22,288 36,067 58,355 Income from operations $ (674 ) (2,551 ) (3,225 ) Interest income $ 262 15 277 Interest expense $ 218 123 341 Depreciation and amortization $ 254 1,333 1,587 Income tax expense $ 186 41 227 Segment assets: Additions to property, plant and equipment 419 (341 ) 78 Total assets 82,846 171,517 254,363 Wholesale Retail Total (In thousands of U.S. Dollars) As of and for the period ended March 31, 2019 Segment profit or loss: Net revenue from external customers $ 28,102 59,854 87,956 Income from operations $ 769 52 821 Interest income $ 199 8 207 Interest expense $ 262 101 363 Depreciation and amortization $ 290 1,935 2,225 Income tax expense $ 219 606 825 Segment assets: Additions to property, plant and equipment 367 1,764 2,131 Total assets 78,419 204,573 282,992

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Significant Accounting Policies (Textual)
Bad debt expense	$ 278
Allowance for doubtful accounts	$ 5,600	$ 5,300

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule of inventories
Raw materials	$ 1,137	$ 1,468
Work-in-progress	10,081	8,025
Finished goods	40,934	57,862
Total inventories	$ 52,152	$ 67,355

Bank Loans (Details)

Bank Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule of short term bank loans
Bank loans	$ 26,104	$ 29,931
Industrial and Commercial Bank of China [Member]
Schedule of short term bank loans
Bank loans	19,754	18,629
Nanjing Bank [Member]
Schedule of short term bank loans
Bank loans	3,528	6,449
China Minsheng Bank [Member]
Schedule of short term bank loans
Bank loans	2,822	2,866
Bank of Communications [Member]
Schedule of short term bank loans
Bank loans		1,426
HSBC [Member]
Schedule of short term bank loans
Bank loans		$ 561

Bank Loans (Details Textual)

Bank Loans (Details Textual) - USD ($) $ in Thousands	Aug. 30, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Nov. 30, 2018	Aug. 31, 2018	Jun. 30, 2018
Bank Loans (Textual)
Line of credit extended maturity date, description	Ever-Glory Apparel and Goldenway collectively entered into a secured banking facility agreement for a combined revolving import facility, letter of credit, invoice financing facilities and a credit line for treasury products of up to $2.5 million with the Nanjing Branch of HSBC (China) Company Limited ("HSBC"). This agreement is guaranteed by the Company and Mr. Kang. As of March 31, 2020, approximately $2.5 million was unused and available under this line of credit.
Industrial and Commercial Bank Of China [Member] | Goldenway [Member]
Bank Loans (Textual)
Unused line of credit								$ 7,100
Line of credit extended maturity date		Aug. 31, 2020
Line of credit annual interest rates		4.57%
Borrowed loans from related party		$ 5,600		$ 5,600
Industrial and Commercial Bank Of China [Member] | Goldenway [Member] | CNY [Member]
Bank Loans (Textual)
Borrowed loans from related party		40,000		$ 40,000
Industrial and Commercial Bank Of China [Member] | Ever Glory Apparel [Member]
Bank Loans (Textual)
Line of credit agreement amount		14,100					$ 14,100	8,500
Borrowed loans from related party		$ 1,400
Industrial and Commercial Bank Of China [Member] | Ever Glory Apparel [Member] | Minimum [Member]
Bank Loans (Textual)
Line of credit annual interest rates		3.92%
Industrial and Commercial Bank Of China [Member] | Ever Glory Apparel [Member] | Maximum [Member]
Bank Loans (Textual)
Line of credit annual interest rates		4.70%
Industrial and Commercial Bank Of China [Member] | Ever Glory Apparel [Member] | CNY [Member]
Bank Loans (Textual)
Line of credit agreement amount		$ 100,000					$ 100,000	60,000
Borrowed loans from related party		10,000
Goldenway [Member] | Nanjing Bank [Member]
Bank Loans (Textual)
Line of credit agreement amount								7,100
Goldenway [Member] | Nanjing Bank [Member] | CNY [Member]
Bank Loans (Textual)
Line of credit agreement amount								$ 50,000
Goldenway [Member] | Shanghai Pudong Development Bank [Member]
Bank Loans (Textual)
Line of credit agreement amount					$ 5,600
Unused line of credit		5,600
Nanjing Bank [Member] | LA GO GO [Member]
Bank Loans (Textual)
Line of credit agreement amount					2,800	$ 2,800
Unused line of credit		$ 700			2,800
Line of credit extended maturity date		Jun. 30, 2020
Line of credit annual interest rates		5.22%
Borrowed loans from related party		$ 2,100
Nanjing Bank [Member] | LA GO GO [Member] | CNY [Member]
Bank Loans (Textual)
Line of credit agreement amount					20,000	$ 20,000
Borrowed loans from related party		$ 15,000
China Everbright Bank [Member] | Shanghai Pudong Development Bank [Member] | CNY [Member]
Bank Loans (Textual)
Line of credit agreement amount					$ 4,000
Bank Of Communications [Member] | Nanjing Bank [Member]
Bank Loans (Textual)
Due date of revolving line of credit agreement		May 2020 to March 2021
Mr. Kang and Goldenway [Member] | Ever Glory Apparel [Member]
Bank Loans (Textual)
Line of credit extended maturity date		Jun. 30, 2020
Line of credit annual interest rates		5.00%
Mr. Kang and Goldenway [Member] | JiangsuEverGlory[Member]
Bank Loans (Textual)
Unused line of credit		$ 7,100
China Minsheng Banking [Member] | LA GO GO [Member]
Bank Loans (Textual)
Line of credit agreement amount									$ 2,800
Line of credit extended maturity date		Nov. 30, 2020
Line of credit annual interest rates		5.00%
Borrowed loans from related party		$ 2,800
China Minsheng Banking [Member] | LA GO GO [Member] | CNY [Member]
Bank Loans (Textual)
Line of credit agreement amount									$ 20,000
Shanghai Pudong Development Bank [Member] | Shanghai Chijing [Member]
Bank Loans (Textual)
Interest expense on bank loans		$ 300	$ 400

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Summary of Pre-tax income in jurisdictions
Pre-tax income	$ (2,471)	$ 370
PRC [Member]
Summary of Pre-tax income in jurisdictions
Pre-tax income	(1,748)	389
Virgin Islands, British
Summary of Pre-tax income in jurisdictions
Pre-tax income	(720)	(2)
Others [Member]
Summary of Pre-tax income in jurisdictions
Pre-tax income	$ (3)	$ (5)

Income Tax (Details 1)

Income Tax (Details 1) - PRC [Member]	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Summary of reconciliation of PRC statutory rates to the company's effective tax rate
PRC statutory rate	25.00%	25.00%
Temporary difference between US GAAP and PRC tax accounting	34.20%	19800.00%
Effective income tax rate	9.20%	223.00%

Income Tax (Details 2)

Income Tax (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Summary of income tax expense
Current	$ 345	$ 495
Deferred	104	(145)
Income tax expense	$ 227	$ 825

Income Tax (Details Textual)

Income Tax (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
PRC [Member]
Income Tax (Textual)
PRC statutory rate	25.00%	25.00%
Income tax rate for dividends distribution	10.00%
HONG KONG
Income Tax (Textual)
PRC statutory rate	16.50%
Income tax, description	Under the current laws of Hongkong, its income tax rate is 8.25% when its profit is under HKD 2.0 million and its income tax rate is 16.5% when its profit is over HKD 2.0 million.
Maximum [Member]
Income Tax (Textual)
Effective income tax reduction, percent	15.00%
Minimum [Member]
Income Tax (Textual)
Effective income tax reduction, percent	9.00%
Xizang (Tibet) [Member]
Income Tax (Textual)
PRC statutory rate	15.00%
Non-U.S. subsidiaries [Member]
Income Tax (Textual)
U.S. deferred income taxes	$ 103,600
Income tax, description	General corporate income tax rate from 34% to 21%.

Earnings Per Share (Details)

Earnings Per Share (Details) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Basic and diluted earnings per share
Weighted average number of common shares - Basic and diluted	14,804,832	14,800,140
Earnings (loss) per share - basic and diluted	$ (0.18)	$ (0.04)

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Two Independent Directors [Member]	Jan. 15, 2020Directors$ / sharesshares	Jan. 31, 2019Directors$ / sharesshares
Stockholders' Equity (Textual)
Common stock shares issued to independent directors | shares	3,062	1,942
Average market price of the common stock for the five days before the grant date | $ / shares	$ 1.41	$ 3.8
Number of days used to calculation average market price of common stock, description	Five days before the grant date.	Five days before the grant date.
Number of directors | Directors	2	2

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Summary of other expenses due to related parties
Total	$ 72	$ 75
Chuzhou Huarui [Member]
Summary of other expenses due to related parties
Total	50	53
Kunshan Enjin [Member]
Summary of other expenses due to related parties
Total	$ 22	$ 22

Related Party Transactions (D_2

Related Party Transactions (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Sub-contracts with related parties
Total	$ 3,065	$ 5,052
Ever-Glory Vietnam [Member]
Sub-contracts with related parties
Total	1,884	2,579
Chuzhou Huarui [Member]
Sub-contracts with related parties
Total	513	1,507
Fengyang Huarui [Member]
Sub-contracts with related parties
Total	158	106
Nanjing Ever-Kyowa [Member]
Sub-contracts with related parties
Total	254	347
EsC'eLav [Member]
Sub-contracts with related parties
Total	10	88
Jiangsu Ever-Glory [Member]
Sub-contracts with related parties
Total	$ 246	$ 425

Related Party Transactions (D_3

Related Party Transactions (Details 2) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Summary of accounts payable - related parties
Total	$ 3,889	$ 4,811
Ever-Glory Vietnam [Member]
Summary of accounts payable - related parties
Total	1,561	2,260
Fengyang Huarui [Member]
Summary of accounts payable - related parties
Total	351	414
Nanjing Ever-Kyowa [Member]
Summary of accounts payable - related parties
Total	380	386
Chuzhou Huarui [Member]
Summary of accounts payable - related parties
Total	1,360	1,064
Nanjing Knitting [Member]
Summary of accounts payable - related parties
Total	171	186
Jiangsu Ever-Glory [Member]
Summary of accounts payable - related parties
Total	$ 66	$ 501

Related Party Transactions (D_4

Related Party Transactions (Details 3) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Summary of amounts due from related parties
Total	$ 102	$ 123
Jiangsu Ever-Glory [Member]
Summary of amounts due from related parties
Total	102	123
Esc'elav [Member]
Summary of amounts due from related parties
Total

Related Party Transactions (D_5

Related Party Transactions (Details Textual) ¥ in Thousands, $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2020CNY (¥)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2019CNY (¥)
Related Party Transactions (Textual)
Net profit	$ (2,698)		$ (455)
Sub-contracts with related parties	3,065		5,052
Outstanding due from Jiangsu Ever-Glory	4,147			$ 4,932
Interest income	$ 20		100
Amounts due from related party under counter guarantee agreement, description	The amount of the counter-guarantee was $3.9 million (RMB 27.5 million) (the difference represents currency exchange adjustment of $790), which was 11.97% of the aggregate amount of lines of credit. This amount plus accrued interest of $0.3 million have been classified as a reduction of equity, consistent with the guidance of SEC Staff Accounting Bulletins 4E and 4G. At March 31, 2020 and December 31, 2019, the amount classified as a reduction of equity was $4.1 million and $5 million, respectively. Interest of 0.5% is charged on net amounts due from Jiangsu Ever-Glory at each month end. Since April 1, 2015, interest rate has changed to 0.41% as the bank benchmark interest rate decreased. Since January 1, 2019, interest rate has changed to 0.3625% as the bank benchmark interest rate decreased. Interest income for the three months ended March 31, 2020 and 2019 was approximately $0.02 million and $0.1 million, respectively.	The amount of the counter-guarantee was $3.9 million (RMB 27.5 million) (the difference represents currency exchange adjustment of $790), which was 11.97% of the aggregate amount of lines of credit. This amount plus accrued interest of $0.3 million have been classified as a reduction of equity, consistent with the guidance of SEC Staff Accounting Bulletins 4E and 4G. At March 31, 2020 and December 31, 2019, the amount classified as a reduction of equity was $4.1 million and $5 million, respectively. Interest of 0.5% is charged on net amounts due from Jiangsu Ever-Glory at each month end. Since April 1, 2015, interest rate has changed to 0.41% as the bank benchmark interest rate decreased. Since January 1, 2019, interest rate has changed to 0.3625% as the bank benchmark interest rate decreased. Interest income for the three months ended March 31, 2020 and 2019 was approximately $0.02 million and $0.1 million, respectively.
JiangsuWubijia Trading Company Limited [Member]
Related Party Transactions (Textual)
Company received amount from related party	$ 2,517		31,479
Amount paid through the consignment	2,517		25,838
Net profit	0		5,641
Mr. Kang [Member]
Related Party Transactions (Textual)
Guarantee on lines of credit	$ 14,300			14,500
Shareholding pattern, description	Mr. Kang’s son, acquired 83% interest of Ever-Glory Enterprises and became its sole director in 2014.	Mr. Kang’s son, acquired 83% interest of Ever-Glory Enterprises and became its sole director in 2014.
Mr. Kang [Member] | CNY [Member]
Related Party Transactions (Textual)
Guarantee on lines of credit | ¥		¥ 100,000			¥ 100,000
Jiangsu Ever Glory [Member]
Related Party Transactions (Textual)
Purchase of raw material	$ 200		0
Sub-contracts with related parties	246		425
Company sold raw materials	700		400
Lines of credit	33,000			33,000
Guarantee on lines of credit	29,400			29,400
Outstanding due from Jiangsu Ever-Glory	0			$ 4,700
Repayment received under counter guarantee	$ 700
Shareholding pattern, description	Jiangsu Ever-Glory is obligated to return the full amount of the counter-guarantee funds provided upon expiration or termination of the underlying lines of credit and is to pay annual interest at the rate of 6.0% of amounts provided.	Jiangsu Ever-Glory is obligated to return the full amount of the counter-guarantee funds provided upon expiration or termination of the underlying lines of credit and is to pay annual interest at the rate of 6.0% of amounts provided.
Jiangsu Ever Glory [Member] | CNY [Member]
Related Party Transactions (Textual)
Lines of credit | ¥		¥ 230,000			230,000
Guarantee on lines of credit | ¥		205,500			¥ 205,500
Outstanding due from Jiangsu Ever-Glory | ¥						¥ 32,800
Repayment received under counter guarantee | ¥		¥ 5,200
Nanjing Knitting [Member]
Related Party Transactions (Textual)
Purchase of raw material	$ 0		$ 200

Commitments and Contingencies_2

Commitments and Contingencies (Details) $ in Thousands	Mar. 31, 2020USD ($)
Summary of future minimum lease payments
2020	$ 387
2021	387
2022	387
2023	401
2024	401
Thereafter	12,374
Total	$ 14,337

Commitments and Contingencies_3

Commitments and Contingencies (Details Textual) $ / shares in Units, ¥ in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)$ / shares	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019CNY (¥)	Jul. 31, 2019USD ($)	Jul. 31, 2019CNY (¥)	Mar. 31, 2019CNY (¥)
Commitments and Contingencies (Textual)
Commitment and contingencies, description			Total balance of RMB15.38 million ($2.2 million) was frozen in the bank accounts of LA GO GO. LA GO GO believes that Shanghai Chijing’s counterclaim is frivolous and without merit, and is rigorously defending against the counterclaim. As of December 31, 2019, the company had booked this restricted cash in other receivables. On March 10, 2020, the Court entered a judgment in favor of LA GO GO and dismissed Shanghai Chijing’s counterclaim.
Revenues	$ 58,355	$ 87,956
General administrative expenses	5,785	7,529
Cash paid for operating leases	$ 6,200
Weighted average discount rate | $ / shares	$ 4.35
Weighted average remaining lease term	31 years
LA GO GO [Member]
Commitments and Contingencies (Textual)
Unpaid rent		$ 360
LA GO GO [Member] | RMB [Member]
Commitments and Contingencies (Textual)
Unpaid rent | ¥							¥ 2,450
Shanghai Chijing [Member]
Commitments and Contingencies (Textual)
Counter claim					$ 2,170
Total balance			$ 2,200
Shanghai Chijing [Member] | RMB [Member]
Commitments and Contingencies (Textual)
Counter claim | ¥						¥ 15,380
Total balance | ¥				¥ 15,380
Operating Lease Commitment [Member]
Commitments and Contingencies (Textual)
Revenues	$ 6,000
General administrative expenses	$ 200

Risks and Uncertainties (Detail

Risks and Uncertainties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues earned in geographic areas
Revenues	$ 58,355	$ 87,956
Wholesale Business [Member]
Revenues earned in geographic areas
Revenues	22,288	28,102
Retail Business [Member]
Revenues earned in geographic areas
Revenues	36,067	59,854
Mainland China [Member]
Revenues earned in geographic areas
Revenues	4,653	10,754
Hong Kong China [Member]
Revenues earned in geographic areas
Revenues	2,992	1,253
Germany [Member]
Revenues earned in geographic areas
Revenues	195	850
United Kingdom
Revenues earned in geographic areas
Revenues	837	800
Europe-Other [Member]
Revenues earned in geographic areas
Revenues	3,898	5,229
Japan [Member]
Revenues earned in geographic areas
Revenues	4,385	4,938
United States [Member]
Revenues earned in geographic areas
Revenues	$ 5,328	$ 4,278

Risks and Uncertainties (Deta_2

Risks and Uncertainties (Details Textual)	3 Months Ended
	Mar. 31, 2020customersuppliermanufacturer	Mar. 31, 2019customersuppliermanufacturer
Risks and Uncertainties (Textual)
Number of customer | customer	4	2
Number of suppliers | supplier	2	3
Number of manufacturers | manufacturer	1	2
Supplier one [Member]
Risks and Uncertainties (Textual)
Concentration risk, percentage	60.00%	36.00%
Supplier two [Member]
Risks and Uncertainties (Textual)
Concentration risk, percentage	34.00%	35.00%
Supplier three [Member]
Risks and Uncertainties (Textual)
Concentration risk, percentage		23.00%
Sales Revenue, Net [Member] | Customer One [Member]
Risks and Uncertainties (Textual)
Concentration risk, percentage	20.00%	26.00%
Sales Revenue, Net [Member] | Customer Two [Member]
Risks and Uncertainties (Textual)
Concentration risk, percentage	10.00%	11.00%
Sales Revenue, Net [Member] | Customer Three [Member]
Risks and Uncertainties (Textual)
Concentration risk, percentage	10.00%
Sales Revenue, Net [Member] | Customer Four [Member]
Risks and Uncertainties (Textual)
Concentration risk, percentage	10.00%
Manufacturer One [Member]
Risks and Uncertainties (Textual)
Concentration risk, percentage	11.00%	11.00%
Manufacturer Two [Member]
Risks and Uncertainties (Textual)
Concentration risk, percentage		10.00%

Segments (Details)

Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Segment profit or loss:
Net revenue from external customers	$ 58,355	$ 87,956
Income from operations	(3,225)	821
Interest income	277	207
Interest expense	341	363
Depreciation and amortization	1,587	2,225
Income tax expense	227	825
Segment assets:
Additions to property, plant and equipment	78	2,131
Total assets	254,363	282,992	$ 301,671
Wholesale Segment [Member]
Segment profit or loss:
Net revenue from external customers	22,288	28,102
Income from operations	(674)	769
Interest income	262	199
Interest expense	218	262
Depreciation and amortization	254	290
Income tax expense	186	219
Segment assets:
Additions to property, plant and equipment	419	367
Total assets	82,846	78,419
Retail Segment [Member]
Segment profit or loss:
Net revenue from external customers	36,067	59,854
Income from operations	(2,551)	52
Interest income	15	8
Interest expense	123	101
Depreciation and amortization	1,333	1,935
Income tax expense	41	606
Segment assets:
Additions to property, plant and equipment	(341)	1,764
Total assets	$ 171,517	$ 204,573

Segments (Details Textual)

Segments (Details Textual)	3 Months Ended
	Mar. 31, 2020Segment
Segments (Textual)
Number of segments	2