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RELATED PARTY TRANSACTIONS AND BALANCES (Tables) | 12 Months Ended
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Dec. 31, 2013
RELATED PARTY TRANSACTIONS AND BALANCES [Abstract] |
Schedule of Related Party Balances, Loans | The balances due from related parties mainly include the consideration for the transfer of 100% ownership of Nanjing Daqo to Daqo Group amount due from Zhenjiang Daqo for the sales of wafer and polysilicon. Such balances are unsecured, interest-free, and are payable on demand. The balances are as follows:
|  | December 31, |
|  | 2012 |  |  | 2013 |
Amount due from related party |  |  |  |  |  |  |  |
Zhenjiang Daqo |  | $ | 10,744 |  |  | $ | 6,898,980 |
Daqo Group |  |  | 6,440,129 |  |  |  | 6,465,561 |
Others |  |  | 111,614 |  |  |  | 51,911 |
Total |  | $ | 6,562,487 |  |  | $ | 13,416,452 |
Schedule of Related Party Balances, Payables | Balances due to related parties related to interest free loans received primarily for working capital purposes from Daqo Solar and Xinjiang Daqo Investment, wholly-owned subsidiaries of Daqo Group. The balances are payable on demand and are as follows:
|  | December 31, |
|  | 2012 |  |  | 2013 |
Amount due to related party |  |  |  |  |  |  |  |
Daqo Group |  | $ | 5,359,007 |  |  | $ | 461,796 |
Xinjiang Daqo Investment |  |  | 2,354,620 |  |  |  | 18,482,300 |
Nanjing Daqo |  |  | 1,645,923 |  |  |  | 1,651,810 |
Daqo Solar |  |  | 13,497,973 |  |  |  | 66,750,009 |
Others |  |  | 850,840 |  |  |  | 1,191,875 |
Total |  | $ | 23,708,363 |  |  | $ | 88,537,790 |
Schedule of Related Party Transactions |
The transactions with Daqo Group and its subsidiaries were as follows:
|  | Transaction |  | Year Ended December 31, |
Name of Related parties |  | Nature |  | 2011 |  |  | 2012 |  |  | 2013 |
Daqo Group |  | Sales |  | $ | 1,971 |  |  | $ | - |  |  | $ | - |
|  | Purchase-Fixed asset |  |  | 15,787,658 |  |  |  | 7,849,533 |  |  |  | - |
|  | Financing-cash in |  |  | 3,095,120 |  |  |  | - |  |  |  | 813,105 |
|  | Financing-cash out |  |  | 3,095,120 |  |  |  | - |  |  |  | 813,105 |
|  | Disposition of 100% equity interest of Nan Jing Daqo |  |  | - |  |  |  | 9,888,742 |  |  |  | - |
Zhenjiang Daqo |  | Sales |  |  | 6,958,317 |  |  |  | 2,799,428 |  |  |  | 13,471,866 |
|  | Purchase of cells |  |  | 3,314,115 |  |  |  | - |  |  |  | - |
|  | Processing fee |  |  | 1,209,769 |  |  |  | - |  |  |  | - |
Daqo Solar |  | Purchase-Fixed asset |  |  | 20,562,272 |  |  |  | - |  |  |  | - |
|  | Prepayment received |  |  | - |  |  |  | 13,497,973 |  |  |  | - |
|  | Financing-cash in |  |  | 72,199,600 |  |  |  | - |  |  |  | 76,881,392 |
|  | Financing-cash out |  |  | 72,199,600 |  |  |  | - |  |  |  | 28,379,678 |
|  | Interest charged |  |  | 1,552,126 |  |  |  | - |  |  |  | - |
|  | Short-term interest free loan extended to Daqo Solar |  |  | 9,898,458 |  |  |  | - |  |  |  | - |
Nanjing Daqo |  | Sales |  |  | - |  |  |  | 80,126 |  |  |  | - |
|  | Related party interest bearing loan |  |  | - |  |  |  | 1,584,820 |  |  |  | - |
|  | Interest charged |  |  | - |  |  |  | 40,611 |  |  |  | - |
Xinjiang Daqo Investment |  | Prepayment received |  |  | - |  |  |  | 2,354,620 |  |  |  | - |
|  | Financing-cash in |  |  | - |  |  |  | - |  |  |  | 58,389,643 |
|  | Financing-cash out |  |  | - |  |  |  | - |  |  |  | 40,193,785 |
Others subsidiaries under Daqo Group |  | Sales |  |  | 427,302 |  |  |  | - |  |  |  | - |
|  | Purchase-Fixed asset |  |  | 2,027,001 |  |  |  | 202,556 |  |  |  | 157,742 |
|  | Purchase-Raw material |  |  | 300,574 |  |  |  | 5,282 |  |  |  | - |
|  | Rental expense |  |  | 612,856 |  |  |  | - |  |  |  | - |
|  | Service expense |  |  | 71,426 |  |  |  | - |  |  |  | - |
Total |  | Sales |  | $ | 7,387,590 |  |  | $ | 2,799,427 |  |  | $ | 13,471,866 |
|  | Disposition of 100% equity interest in Nanjing Daqo |  | $ | - |  |  | $ | 9,888,742 |  |  | $ | - |
|  | Purchase-Fixed asset |  | $ | 38,376,931 |  |  | $ | 8,052,089 |  |  | $ | 157,742 |
|  | Purchase-Raw material |  | $ | 3,614,689 |  |  | $ | 5,282 |  |  | $ | - |
|  | Processing fee |  | $ | 1,209,769 |  |  | $ | - |  |  | $ | - |
|  | Rental expense |  | $ | 612,856 |  |  | $ | - |  |  | $ | - |
|  | Service expense |  | $ | 71,426 |  |  | $ | - |  |  | $ | - |
|  | Interest expense |  | $ | 1,552,126 |  |  | $ | 40,611 |  |  | $ | - |
|  | Prepayment received* |  | $ | - |  |  | $ | 15,852,593 |  |  | $ | - |
|  | Proceeds from interest free loans |  | $ | 75,294,720 |  |  | $ | 1,584,820 |  |  | $ | 136,084,140 |
|  | Repayment of interest free loans |  | $ | 85,193,178 |  |  | $ | - |  |  | $ | 69,386,568 |
* Prepayment has been considered a related party loan given there has been no deliveries since the prepayment was provided.

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- Definition Tabular disclosure of payables balances with related parties. + References No definition available. + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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