Long term investments

6 Months Ended

Jun. 30, 2015

Long-term Investments [Abstract]

Long Term Investments [Text Block]

10. Long-term investments

As of June 30, 2015 and December 31, 2014, the Company’s balance of long-term investment was $6.4 million and $4.6 million, respectively. For the long-term investments in which the Company has significant influence but no controlling power, such investments were accounted for using the equity method; for long-term investments in which the Company has no significant influence and such investments have no readily determinable fair values, such investments were accounted for using the cost method.

The Company’s share of net assets and net income is reported as “long-term investment” on the condensed unaudited consolidated balance sheets and “equity in earnings of affiliated companies” on the condensed unaudited consolidated statements of operations and comprehensive income. The Company’s condensed unaudited consolidated financial statements reflect the equity earnings of non-consolidated affiliates of $0.16 million and $0.13 million for the six months ended June 30, 2015 and 2014, respectively.