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CONSOLIDATED STATEMENTS OF LOSS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue - Hardware $ 4,953,139 $ 22,628,612 $ 46,114,109
Revenue - Software 3,200,905 10,366,560 2,923,397
Revenue - System integration 1,012,088 4,822,003 5,422,151
Revenue - Others 1,118,736 817,572 960,174
TOTAL REVENUE 10,284,868 38,634,747 55,419,831
Cost - Hardware 2,910,334 18,769,338 38,829,515
Cost - Software 1,267,834 4,086,717 1,559,861
Cost - System integration 1,745,647 4,480,388 4,733,815
Cost - Others 457,390 809,947 743,972
TOTAL COST 6,381,205 28,146,390 45,867,163
GROSS PROFIT 3,903,663 10,488,357 9,552,668
Administrative expenses 11,223,502 20,837,181 88,699,489
Research and development expenses 3,446,867 1,477,246 2,190,074
Selling expenses 2,661,545 4,240,097 4,893,234
Impairment of property, plant and equipment 4,616,679 827,319 29,976,990
Impairment of intangible assets and goodwill 8,918,427 7,015,727 2,008,249
LOSS FROM OPERATIONS (26,963,357) (23,909,213) (118,215,368)
Subsidy income 501,404 676,159 1,491,280
Gain on sale of assets 29,994,037 0 0
Other income (loss), net 776,233 (407,616) 1,241,666
Interest income 76,716 408,121 447,586
Interest expense (3,116,777) (5,858,770) (4,934,479)
Warrant expense (5,657,988) 0 0
Loss from continuing operations before income taxes (4,389,732) (29,091,319) (119,969,315)
Income tax (expense ) benefit (4,305,028) 4,599,559 (1,731,145)
Loss from continuing operations (8,694,760) (24,491,760) (121,700,460)
Less: Net (income) loss attributable to the non-controlling interest (308,473) 404,662 3,188,700
NET LOSS ATTRIBUTABLE TO THE COMPANY - continuing operations (9,003,233) (24,087,098) (118,511,760)
Discontinued operations      
Income (loss) from discontinued operations before income taxes (including pretax gain on sale of Geo: $7.0 million in 2015 and pretax loss on sale of Zhongtian: $3.3 million in 2015) 1,667,853 (5,049,880) (340,167)
Income tax expense (168,882) (210,658) (165,400)
Income (loss) from discontinued operations 1,498,971 (5,260,538) (505,567)
Less: Net (income) loss attributable to the non-controlling interest 0 116,289 (219,496)
NET INCOME ( LOSS) ATTRIBUTABLE TO THE COMPANY-discontinued operations 1,498,971 (5,144,249) (725,063)
Net loss (7,195,789) (29,752,298) (122,206,027)
NET LOSS ATTRIBUTABLE TO THE COMPANY $ (7,504,262) $ (29,231,347) $ (119,236,823)
CONTINUING OPERATIONS      
Basic $ (0.26) $ (0.79) $ (4.33)
Diluted (0.26) (0.79) (4.33)
DISCONTINUED OPERATIONS      
Basic 0.04 (0.17) (0.03)
Diluted 0.04 (0.17) (0.03)
NET LOSS PER SHARE ATTRIBUTABLE TO THE COMPANY      
Basic (0.22) (0.96) (4.36)
Diluted $ (0.22) $ (0.96) $ (4.36)