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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2014
FAIR VALUE MEASUREMENTS [Abstract]  
Schedule of Financial Instruments for which Fair Value Does not Approximate Carrying Value

The following table presents the financial instruments for which fair value does not approximate carrying value as of December 31, 2013 and 2014:

 

  As of December 31, 2013     As of December 31, 2014  
  Carrying Value     Fair Value     Carrying Value     Fair Value  
Long-term bank borrowing   $ 134,870,287     $ 124,047,823       77,336,160       71,422,148  
Schedule of Nonrecurring Fair Value Measurements

The following table displays assets and liabilities that were measured at fair value on a non-recurring basis after initial recognition;

 

  Year ended December 31, 2013  
Description

Carrying
amount

     Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		     Significant
Other
Observable
Inputs (Level 2)		     Significant
Unobservable
Inputs (Level 3)		     Total Losses  
Long-lived assets held and used   $ 307,942,362     $       $ 149,517,535     $ —     $ 158,424,827