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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2016
FAIR VALUE MEASUREMENTS [Abstract]  
Schedule of Nonrecurring Fair Value Measurements
 
 
 
Year ended December 31, 2015
 
 
 
 
 
Quoted Prices in
 
Significant
 
 
 
 
 
 
 
 
 
Active Markets
 
Other
 
Significant
 
 
 
 
 
Carrying
 
for Identical
 
Observable
 
Unobservable
 
 
 
Description
 
amount
 
Assets (Level 1)
 
Inputs (Level 2)
 
Inputs (Level 3)
 
Total Losses
 
Property, plant and equipment – cannot be relocated to Xinjiang plant (Note 3)
 
$
1,622,588
 
$
 
 
$
 
 
$
 
$
1,622,588
 
 
 
 
Year ended December 31, 2016
 
Description
 
Carrying
amount
 
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
 
Significant
Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
 
Total Losses
 
Property, plant and equipment – cannot be relocated to Xinjiang plant (Note 3)
 
$
198,689
 
$
 
 
$
 
 
$
 
$
198,689