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BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2016
BORROWINGS [Abstract]  
Schedule of Bank Borrowings
 
 
December 31,
 
 
 
2015
 
2016
 
Short-term bank borrowings
 
$
72,360,730
 
$
55,582,070
 
Long-term bank borrowings, current portion
 
 
51,576,265
 
 
50,398,250
 
Total borrowings, current
 
 
123,936,995
 
 
105,980,320
 
Long-term bank borrowings, non-current portion
 
 
118,548,430
 
 
111,948,913
 
Total
 
$
242,485,425
 
$
217,929,233
 
Schedule of Short-Term Borrowings
 
 
December 31,
 
 
 
2015
 
2016
 
Short-term borrowings
 
 
72,360,730
 
 
55,582,070
 
 
 
 
 
 
 
 
 
Total
 
$
72,360,730
 
$
55,582,070
 
Schedule of Long-Term Bank Borrowings
 
 
December 31,
 
 
 
2015
 
2016
 
Borrowing from Huaxia Bank
 
 
3,079,180
 
 
 
Borrowing from Bank of China
 
 
70,821,140
 
 
33,118,850
 
Borrowing from Chongqing Rural Commercial Bank
 
 
96,224,375
 
 
129,228,313
 
 
 
 
 
 
 
 
 
Total
 
$
170,124,695
 
$
162,347,163
 
Schedule of Principal Maturities of Long-term Bank Borrowings
December 31, 2016
 
Amount
 
2017
 
$
50,398,250
 
2018
 
 
25,003,292
 
2019
 
 
27,577,922
 
2020
 
 
27,577,922
 
2021
 
 
18,938,223
 
2022
 
 
10,298,523
 
2023
 
 
2,553,031
 
Total
 
$
162,347,163