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PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2015

PROPERTY, PLANT AND EQUIPMENT, NET [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

8. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net, consist of the following:

		December 31,
		2014				2015
Cost
Buildings and plant		$	233,230,935			$	313,290,516
Machinery and equipment			351,409,724				389,373,554
Furniture, fixtures and equipment			18,469,913				22,418,768
Motor vehicles			257,408				293,331
Less: Accumulated depreciation			(169,264,463	)			(188,680,279	)
Property, plant and equipment, net		$	434,103,517			$	536,695,889
Construction in process			124,902,602				7,630,236
Total		$	559,006,119			$	544,326,125

Depreciation expense was $52,250,595, $28,007,943 and $31,361,026 for the years ended December 31, 2013, 2014 and 2015, respectively.

The Company recognized impairments for long-lived assets of $158,424,827, $nil and $1,622,588 during the years ended December 31, 2013, 2014 and 2015, respectively.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13-14)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2921-110230

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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- References

No definition available.

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