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Note 18 - Stockholders' Equity
12 Months Ended
Dec. 31, 2014
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
 

18.

Stockholders’ Equity


Issuance of common stock


In the second quarter of 2014, the Company amended its articles of incorporation to increase the authorized shares of common stock from 250,000,000 shares to 1,000,000,000 shares. The following table summarizes the Company’s issuance of common stock in 2014:


Purchasers and their places of incorporation 

 

Securities sold

 

Date of securities issued

 

Consideration

             

Y&C Investment Co., Ltd. (Hong Kong)

 

3,125,000 Shares

 

June 26, 2014

 

$500, or $0.16 per Share

Happy Goal Industries (Hong Kong)

 

6,250,000 Shares

 

June 26, 2014

 

$1,000, or $0.16 per Share

Robust Elite Limited (Hong Kong) (“Robust Elite”)

 

37,500,000 shares

 

June 27, 2014 and July 15, 2014

 

$6,000 or $0.16 per Share

Well Vast Investment Limited (Hong Kong)

 

20,312,500 Shares

 

August 13, 2014

 

$3,250, or $0.16 per Share

Robust Elite

 

68,750,000 Shares1

 

August 15, 2014

 

$11,000, or $0.16 per Share

Joy Sky Investment Limited (British Virgin Islands)

 

55,560,000 Shares

 

September 16, 2014

 

$15,001, or $0.27 per Share

Strong Textile Hong Kong Limited (Hong Kong)(“Strong Textile”)

 

37,060,000 Shares

 

September 22, 2014

 

$10,006, or $0.27 per Share

Hawaiian Power, HPL (Arizona) (“HPL”)

 

3,000,000 Shares2

 

September 24, 2014

 

$3,300, or $1.10 per Share

Sinsin Europe Solar Asset L.P.

 

38,225,846 Shares3

 

October 3, 2014

 

$78,955

Smart Range Investments Limited (British Virgin Islands)

 

21,739,500 Shares

 

October 16, 2014

 

$30,001

Harker Investment Limited (Seychelles)

 

8,600,000 Shares

 

November 3, 2014

 

$10,062

Ju Yuan Holdings Limited (British Virgin Islands)

 

1,000,000 Shares

 

November 3, 2014

 

$1,170

Hong Kong Ding Chen Group Investment International Development Limited (Hong Kong)

 

1,720,000 Shares

 

November 3, 2014

 

$2,012

Strong Textile

 

5,000,000 Shares

 

November 10, 2014

 

$5,850

Allied Energy Holding Pte Ltd (Singapore)

 

6,000,000 Shares

 

November 10, 2014

 

$7,020

Hong Kong Victory Consulting Management Co., Limited (Hong Kong)

 

1,720,000 Shares

 

November 10, 2014

 

$2,012

Home Value Holding Co., limited (British Virgin Islands)(“Home Value”)

 

17,200,000 Shares

 

November 11, 2014

 

$20,124

Signet Worldwide Limited (British Virgin Islands)

 

10,000,000 Shares

 

November 24, 2014

 

$13,800

Home Value

 

17,200,000 Shares4

 

December 31, 2014

 

$20,125

Brilliant King Group Ltd. (British Virgin Islands) (“Brilliant King”)

 

6,000,000 Shares

 

December 31, 2014

 

$12,000, or $2.0 per Share

Poseidon Sports Limited (Cayman Islands) (“Poseidon”)

 

1,500,000 Shares

 

December 31, 2014

 

$3,000, or $2.0 per Share

Border Dragon Limited (British Virgin Islands) (“Border Dragon”)

 

2,500,000 Shares

 

December 31. 2014

 

$5,000, or $2.0 per Share


Note:


 

1.

In July 2014, the Company signed an agreement with Robust Elite and canceled and terminated the $11,000 convertible bond. In exchange of the cancellation and termination of the convertible bond, the Company agreed to issue Robust Elite , 68,750,000 shares of Common Stock of the Company at $0.16 per share, the original conversion price of the Convertible Bond.


 

2.

In September 2014, the Company issued 3,000,000 shares of Common Stock at $1.10 per share to HPL as a portion of the Company’s consideration for the acquisition of the Solar Hub project assets. Refer to Note 8Project Assets.


 

3.

On October 3, 2014, the Company issued 38,225,846 shares of Common Stock as part of the consideration to acquire all the outstanding capital stock of Sinsin as described in Note 3Business combination.


 

4.

On September 22, 2014, the Company grant an option to purchase from the Company a total of 17,200,000 Common Shares for an aggregate purchase price of $20,124, or $1.17 per share. The option was exercised in December 31, 2014.