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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
    2015     2014     2013  
PRC $ 3,397,483   $ (27,612,320 $ (112,313,262 )
Others   (7,787,215 )   (1,478,999 )   (7,656,053 )
Total income (loss) before income taxes $   (4,389,732 ) $   (29,091,319 ) $   (119,969,315 )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

 

  2015     2014     2013  

Current taxes

$ 543,944   $ 4,204   $ (105,440 )

Deferred taxes

  3,761,084     (4,603,763 )   1,836,585  

Income tax expense (benefit)

$   4,305,028   $   (4,599,559 ) $   1,731,145  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

 

  2015     2014     2013  

PRC statutory tax rate

  25%     25%     25%  

Computed expected income tax (benefit) expense

$ (1,097,433 ) $ (7,272,830 ) $ (29,992,329 )

Tax rate differential benefit from tax holiday

  (1,771,273 )   1,753,640     11,616,499  

Permanent differences

  6,039,892     1,471,243     6,557,923  

Increase (decrease) in valuation allowance

  601,779     (914,667 )   11,622,164  

Non-deductible tax loss

  532,063     363,055     1,914,013  

Other differences

  -     -     12,875  

Income tax (benefit) expense

$   4,305,028   $   (4,599,559 ) $   1,731,145  
Schedule of Deferred Tax Assets and Liabilities, Detailed [Table Text Block]

 

  December 31, 2015     December 31, 2014  

 

  Deferred     Deferred     Deferred     Deferred  

 

  Tax     Tax     Tax     Tax  

 

  Assets     Liabilities     Assets     Liabilities  

Allowance for doubtful accounts

$ 1,810,234   $   -   $ 908,528   $   -  

Loss carry-forwards

  631,424     -     3,852,864     -  

Fixed assets

  111,803     (221,530 )   132,164     (129,317 )

Inventory valuation

  1,323,187     -     1,163,733     -  

Salary payable

  16,618     -     31,959     -  

Intangible assets

  128,183     135,198     20,133     62,366  

Gross deferred tax assets and liabilities

  4,021,449     (86,332 )   6,109,381     (66,951 )

 

                       

Valuation allowance

  (3,561,212 )   -     (1,839,339 )   -  

 

                       

Total deferred tax assets and liabilities

$   460,237   $   (86,332 ) $   4,270,042   $   (66,951 )