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ADVANCES FROM CUSTOMERS
12 Months Ended
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     $