FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2014

FAIR VALUE MEASUREMENTS [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

	As of December 31, 2013								As of December 31, 2014
	Fair Value Measurements at the Reporting Date Using								Fair Value Measurements at the Reporting Date Using
	Quoted prices in		Significant						Quoted prices in		Significant
	active markets		other		Significant				active markets		other		Significant
	for identical		observable		unobservable				for identical		observable		unobservable
	instruments		inputs		inputs		Total		instruments		inputs		inputs		Total
	(level 1)		(level 2)		(level 3)		balance		(level 1)		(level 2)		(level 3)		balance
Time deposits	$	72,520,957	$	-	$	-	$	72,520,957	$	40,777,831	$	-	$	-	$	40,777,831
Available-for-sale securities		-		-		-		-		20,013,487		-		-		20,013,487
Game license payment liabilities		-		-		39,260,000		39,260,000		-		-		19,860,000		19,860,000
Total	$	72,520,957	$	-	$	39,260,000	$	111,780,957	$	60,791,318	$	-	$	19,860,000	$	80,651,318

Schedule of Fair Value Measurement Using Significant Unobservable Inputs

	Fair Value measurement
	Using Significant
	Unobservable is inputs (level 3)
	Game license payment liabilities
Opening balance	$	39,260,000
Transfer into Level 3		-
Transfer out of Level 3		-
Total gains or losses for the period
Included in earning (or changes in net assets)		600,000
Settlements		(20,000,000	)
Closing balance	$	19,860,000