XML 48 R33.htm IDEA: XBRL DOCUMENT v3.4.0.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of Accounts Receivable [Table Text Block]

 

  December 31,     December 31,  

 

  2015     2014  

Accounts Receivable

$ 8,209,245   $ 11,270,917  

Bad Debt Provision

  (5,029,107 )   (4,484,321 )

Accounts Receivable – Net

$ 3,180,138   $ 6,786,596  
Schedule of Allowance for Doubtful Accounts [Table Text Block]

Balance at January 1, 2014

$ 58,587,659  

Increase in allowance for doubtful accounts

  7,385,502  

Amounts written off as uncollectible

  (59,208,806 )

Amounts recovered during the year

  (1,828,813 )

Foreign exchange difference

  (451,221 )

Balance at December 31, 2014

$ 4,484,321  

Increase in allowance for doubtful accounts

  1,166,764  

Amounts recovered during the year

  (379,731 )

Foreign exchange difference

  (242,247 )

Balance at December 31, 2015

$   5,029,107  
Schedule of Estimated Useful Lives Property, Plant and Equipment [Table Text Block]
Office buildings   20 - 50 years  
Plant and machinery   3 - 20 years  
Electronics equipment, furniture and fixtures   3 - 5 years  
Motor vehicles   5 years  
Purchased software   3 - 10 years  
Schedule of Intangible Assets Estimated Useful Lives [Table Text Block]
Software development costs   2 - 5 years  
Technology   5 years  
Trademarks   20 years  
Customer base   2 years  
Schedule of Exchange Rates [Table Text Block]

 

  December 31,     December 31,  

 

  2015     2014  

Year-end exchange rate

  6.4893     6.1387  

Average yearly exchange rate

  6.2150     6.1425