It's a bit cheap, but you get what you pay for.  It went together easily, without incident.  It is not water-resistant, however.  These things really should have liners in them, or have them as an available option.  Definitely should not sit on this.  It also lacks a place to put a padlock, if you needed one.  There is no frame at all, so a lock would not be helpful anyway, as it is easily bent.  
Keep it in the shade, and hose it down once a year.  It may last two or three seasons.