RELATED PARTY TRANSACTIONS AND BALANCES (Tables)

12 Months Ended

Dec. 31, 2014

	December 31,
	2013		2014
Amount due from related party
Zhenjiang Daqo	$	6,898,980	$	4,551,846
Daqo Group		6,465,561		5,110,085
Others		51,911		325,037

Total	$	13,416,452	$	9,986,968

	December 31,
	2013				2014
Amount due to related party
Daqo Solar	$	66,750,009	$	54,275,617
Xinjiang Daqo investment		18,482,300		23,104,709
Daqo New Material		449,988		4,950,746
Chongqing Daqo Tailai		-		1,755,326
Nanjing Daqo Transformer		18,546		1,595,659
Daqo Group		461,796		1,339,128
Jiangsu Daqo		46,437		1,200,018
Nanjing Daqo		1,651,810		-
Nanjing Daqo Electric		33,697		742,747
Others*		643,207		734,201

Total	$	88,537,790	$	89,698,151

The remaining balance of amount due to related party of $734,201 as of December 31, 2014 was comprised of Zhenjiang Moeller, Intelligent Apparatus, Intelligent Software, Daqo Investment, Daqo Sailfar and Zhenjiang Daqo in the amount of $310,395, $302,807, $54,461, $5,360, $34, and $61,144, respectively.

Schedule of Related Party Transactions

(3)

The transactions with Daqo Group and its subsidiaries were as follows:

	Transaction	Year Ended December 31,
Name of Related parties	Nature	2012		2013		2014
Daqo Group	Purchase-Fixed asset		7,849,533		—		486,948
	Proceeds from interest free loans		—		813,105		10,821,462
	Repayment of interest free loans		—		813,105		8,115,813
	Disposition of 100% equity interest of Nan Jing Daqo		9,888,742		—		—
Zhenjiang Daqo	Sales		2,799,428		13,471,866		9,554,320
Daqo Solar	Sales		—		—		9,595,680
	Prepayment received		13,497,973		—		—
	Proceeds from interest free loans		—		76,881,392		157,241,390
	Repayment of interest free loans		—		28,379,678		166,231,092
Nanjing Daqo	Sales		80,126		—		112
	Proceeds from interest free loans		—		—		973,898
	Repayment of interest free loans		—		—		2,921,693
	Related party interest bearing loan		1,584,820		—		—
	Interest charged		40,611		—		—
Xinjiang Daqo Investment	Prepayment received		2,354,620		—		—
	Proceeds from interest free loans		—		58,389,643		98,367,234
	Repayment of interest free loans		—		40,193,785		93,219,846
Daqo New Material	Proceeds from interest free loans		—		—		7,729,501
	Repayment of interest free loans		—		—		4,600,117
	Rental expense		—		—		1,071,287
Others subsidiaries under Daqo Group	Proceeds from interest free loans		—		—		636
	Purchase-Fixed asset**		202,556		157,742		6,714,476
	Purchase-Raw material		5,282		—		—
Total	Sales	$	2,799,427	$	13,471,866	$	19,150,112
	Disposition of 100% equity interest in Nanjing Daqo	$	9,888,742	$	—	$	—
	Purchase-Fixed asset	$	8,052,089	$	157,742	$	7,201,424
	Purchase-Raw material	$	5,282	$	—	$	—
	Rental expense	$	—	$	—	$	1,071,287
	Interest expense	$	40,611	$	—	$	—
	Prepayment received*	$	15,852,593	$	—	$	—
	Proceeds from interest free loans	$	1,584,820	$	136,084,140	$	275,134,122
	Repayment of interest free loans	$	—	$	69,386,568	$	275,088,560

Prepayment has been considered a related party loan given there has been no deliveries since the prepayment was provided

The transactions of $6,714,476 in 2014 were comprised of the purchase of fixed assets from Nanjing Daqo Electric, Nanjing Daqo Transformer, Jiangsu Daqo, Chongqing Daqo Tailai and Intelligence Apparatus in the amount of $763,856, $1,913,941, $1,165,346, $2,724,790 and $146,543, respectively.