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BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2012
BORROWINGS [Abstract]  
Schedule of Bank Borrowings

The Group's bank borrowings consisted of the following:

 

                 
     December 31,  
     2011      2012  

Short-term bank borrowings

   $ 52,334,370       $ 49,748,800   

Long-term bank borrowings, current portion

     59,470,875         69,006,400   

Other short-term borrowing

     -           1,524,560   
    

 

 

    

 

 

 

Total borrowings, current

     111,805,245         120,279,760   

Long-term bank borrowings, non-current portion

     165,646,211         187,520,880   
    

 

 

    

 

 

 

Total

   $ 277,451,456       $ 307,800,640   
    

 

 

    

 

 

 
Schedule of Short-Term Borrowings

The Group's short-term bank borrowing consisted of the following:

 

                 
     December 31,  
     2011      2012  

Short-term borrowing guaranteed by Daqo Group

   $ 9,515,340       $ 1,604,800   

Short-term borrowing guaranteed by Daqo Group and Mr. Guangfu Xu and Mr. Xiang Xu

     42,819,030         48,144,000   
    

 

 

    

 

 

 

Total

   $ 52,334,370       $ 49,748,800   
    

 

 

    

 

 

 
Schedule of Long-Term Borrowings

The principal maturities of these long-term bank borrowings as of December 31, 2012 are as follows:

 

         

December 31,

   Amount  

2013

   $ 69,006,400   

2014

     60,629,344   

2015

     70,723,536   

2016

     56,168,000   
    

 

 

 

Total

   $ 256,527,280