FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2016

FAIR VALUE MEASUREMENTS [Abstract]

Schedule of assets and liabilities measured on the Company's consolidated balance sheet at fair value on a recurring basis subsequent to initial recognition

	As of December 31, 2016
	Fair Value Measurements at Reporting Date Using
			Quoted Prices
	Total Fair		in Active		Significant
	Value and		Markets for		Other		Significant
	Carrying		Identical		Observable		Unobservable
	Value on the		Assets		Inputs		Inputs
	Balance Sheet		(Level 1)		(Level 2)		(Level 3)
Cross currency forward exchange contracts -recorded as derivative assets		2,715,736		-		2,715,736		-
Warrant liability		-		-		-		-

	As of December 31, 2015
	Fair Value Measurements at Reporting Date Using
			Quoted Prices
	Total Fair		in Active		Significant
	Value and		Markets for		Other		Significant
	Carrying		Identical		Observable		Unobservable
	Value on the		Assets		Inputs		Inputs
	Balance Sheet		(Level 1)		(Level 2)		(Level 3)
Cross currency forward exchange contracts -recorded as derivative assets		56,253		-		56,253		-
Cross currency forward exchange contracts -recorded as derivative liabilities		(29,519)		-		(29,519)		-
Warrant liability		(577,500)		-		(577,500)		-