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ADVANCES FROM CUSTOMERS | 12 Months Ended
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Dec. 31, 2015
ADVANCES FROM CUSTOMERS [Abstract] |
ADVANCES FROM CUSTOMERS | 11. ADVANCES FROM CUSTOMERS Advances from customers represent prepayments from customers and are recognized as revenue in accordance with the Group's revenue recognition policy. Advances from customers consist of the following and is analyzed as long term and short term portion respectively:
|  | December 31, |
|  | 2014 |  |  | 2015 |
Customer E |  | $ | 8,041,836 |  |  | $ | 3,237,308 |
Customer F |  |  | 2,405,619 |  |  |  | 1,517,402 |
Customer I |  |  | — |  |  |  | 1,539,590 |
Customer L |  |  | 111 |  |  |  | 781,342 |
Others |  |  | 262,636 |  |  |  | 1,107,734 |
Total |  | $ | 10,710,202 |  |  | $ | 8,183,376 |
Less: Current portion of advances from customers |  | $ | 7,308,535 |  |  | $ | 8,183,376 |
Long term advances from customers |  | $ | 3,401,667 |  |  | $ | — |

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- Definition The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 605 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 13.A.3(b).Q1(c),(b).Q2,(c).Q3) -URI http://asc.fasb.org/extlink&oid=27012821&loc=d3e214044-122780 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 13 -Section A + Details
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