XML 18 R24.htm IDEA: XBRL DOCUMENT

COMMITMENTS

12 Months Ended

Dec. 31, 2011

16. COMMITMENTS

Capital commitments

As of December 31, 2011, commitments outstanding for the purchase of property, plant and equipment approximated $94,467,740.

Lease commitments

The Group has operating lease commitments principally for its plant and office of Nanjing Daqo. The lease expense was $nil, $32,136 and $612,856 for the year ended December 31, 2009, 2010 and 2011, respectively.

Future minimum lease payments are as follows:


Year ending December 31
2012	$	487,058
2013		487,058
2014		487,058
2015		487,058
2016 and later		852,351

Total	$	2,800,583

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References+ Details