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CONSOLIDATED BALANCE SHEETS
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Current assets:    
Cash and cash equivalents $ 37,336,382 $ 38,045,225
Restricted cash 95,865,515 140,337,531
Accounts receivable, net of allowances for doubtful accounts of $5,152,466 and $4,081,503 as of December 31,2015 and 2016, respectively 72,818,682 117,552,365
Notes receivable 43,858,319 43,613,485
Inventories 143,976,055 193,171,119
Advances to suppliers-current, net 14,943,450 18,479,686
Amounts due from related parties 13,065,625 110,952
Value added tax recoverable 3,259,607 24,525,347
Income tax recoverable 1,080,878 3,609,414
Prepaid expenses and other current assets 22,838,138 27,805,783
Project assets current 48,177,416 20,213,622
Assets held-for-sale 7,558,218 4,240,878
Derivative assets 2,715,736 56,253
Deferred tax assets-current, net 5,988,646
Total current assets 507,494,021 637,750,306
Property, plant and equipment, net 491,255,212 630,462,070
Prepaid land use right, net 31,850,188 37,239,795
Deferred tax assets-non-current, net 15,538,942 10,237,718
Advances for purchases of property, plant and equipment, net 845,907 381,958
Project assets non-current 6,709,991
Other non-current assets 18,336,528 9,373,292
Deferred project costs 16,374,899 20,874,446
Total assets 1,088,405,688 1,346,319,585
Current liabilities:    
Short-term borrowings 595,433,960 668,787,546
Convertible bond payable, net 26,145,000
Accounts payable 223,302,995 300,176,417
Advances from customers-current 21,997,987 28,101,183
Amounts due to related parties 1,257,367 2,676,614
Other current liabilities 62,124,942 77,238,265
Income tax payable 314,870 129,845
Derivative liabilities 29,519
Warrant liability 577,500
Total current liabilities 904,432,121 1,103,861,889
Long-term borrowings 28,835,700 38,776,693
Warranty 35,058,973 36,023,946
Deferred revenue 32,242,995 32,376,386
Deferred subsidies 20,824,155 23,241,899
Other long-term liabilities 865,964 104,860
Total liabilities 1,022,259,908 1,234,385,673
Commitments and contingencies (see Note 18)
Shareholders' equity    
Common shares (500,000,000 shares; no par value shares authorized at December 31, 2015 and 2016; 203,331,288 shares issued and 203,205,688 shares outstanding at December 31, 2015; 202,478,702 shares issued and 200,538,902 shares outstanding at December 31, 2016) 477,171,487 477,964,702
Treasury stock (513,137)
Additional paid-in capital 8,229,330 7,669,350
Accumulated deficit (469,975,148) (435,276,897)
Accumulated other comprehensive income 51,233,248 61,576,757
Total equity 66,145,780 111,933,912
Total liabilities and shareholders' equity $ 1,088,405,688 $ 1,346,319,585