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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

INCOME TAXES [Abstract]

Schedule of Income Tax Expenses

		Year ended December 31,
		2014			2015			2016
Current Tax Expenses		$	—		$	1,786,092		$	7,357,623
Deferred Tax Expenses (Benefit)			—			(648,271)			466
Total		$	—		$	1,137,821		$	7,358,089

Schedule of Deferred Tax Assets and Liabilities

		December 31,
		2015			2016
Net operating loss carried forward		$	22,549,975		$	20,039,534
Bad debt provision			163,120			1,524
Government grants related to assets			166,922			217,661
Long-lived asset impairment&depreciation			19,624,021			18,113,967
Others			485,776			942,466
Sub-total			42,989,814			39,315,152
Valuation Allowance			(42,362,849)			(38,729,208)
Total		$	626,965		$	585,944

Schedule of Changes of Valuation Allowance

		Year ended December 31,
		2014			2015			2016
Beginning balance		$	56,633,867		$	50,109,751		$	42,362,849
Reversal			(5,168,917)			(5,708,268)			(932,833)
Foreign exchange effect			(1,355,199)			(2,038,634)			(2,700,808)
Ending Balance		$	50,109,751		$	42,362,849		$	38,729,208

Schedule of Effective Income Tax Rate Reconciliation

		Year ended December 31,
		2014			2015			2016
PRC Enterprise Income Tax			25	%		25	%		25	%
Preferential income tax rate of a subsidiary			(9)	%		(8)	%		(10)	%
Effect of different reversal rate			1	%		—	%		—	%
Additional tax deductions			(8)	%		(12)	%		(1)	%
Different tax rate in other jurisdictions			6	%		8	%		1	%
Changes in valuation allowance			—	%		(3)	%		(1)	%
Tax credits			(15)	%		(3)	%		—	%
Withhold tax			—	%		1	%		—	%
Effective tax rate			—	%		8	%		14	%

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6528051

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