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RELATED PARTY TRANSACTIONS AND BALANCES (Tables)
 12 Months Ended
Dec. 31, 2016
RELATED PARTY TRANSACTIONS AND BALANCES [Abstract]  
Schedule of Related Party Balances, Loans
 
 
 
December 31,
 
 
 
2015
 
2016
 
Amounts due from related parties
 
 
 
 
 
 
 
Zhenjiang Daqo
 
$
229,989
 
$
1,449,824
 
Others
 
 
54,644
 
 
78,888
 
 
 
 
 
 
 
 
 
Total
 
$
284,633
 
$
1,528,712
 
Schedule of Related Party Balances, Payables
 
 
December 31,
 
 
 
2015
 
2016
 
Amounts due to related parties
 
 
 
 
 
 
 
Daqo Group
 
$
33,758
 
$
15,076,133
 
Daqo New Material
 
 
5,563,165
 
 
8,323,271
 
Xinjiang Daqo investment
 
 
3,146,054
 
 
79,197
 
Daqo Solar
 
 
37,390,575
 
 
—
 
Chongqing Daqo Tailai
 
 
144,102
 
 
2,107,488
 
Nanjing Daqo Transformer
 
 
—
 
 
1,022,075
 
Others*
 
 
118,873
 
 
221,441
 
 
 
 
 
 
 
 
 
Total
 
$
46,396,527
 
$
26,829,605
 
 
* The remaining balance of amounts due to related parties of $221,441 as of December 31, 2016 was comprised of amounts due to Jiangsu Daqo, Zhenjiang Electric, Daqo Sailfar and Intelligent Software in the amount of $37,679, $85,332, $9,804 and $88,626, respectively.
Schedule of Related Party Transactions
 
 
 
Transaction
 
Year Ended December 31,
 
Name of Related parties
 
Nature
 
2014
 
2015
 
2016
 
Daqo Group
 
Purchase-Fixed asset
 
 
486,948
 
 
—
 
 
—
 
 
 
Proceeds from interest free loans
 
 
10,821,462
 
 
15,043,550
 
 
—
 
 
 
Repayment of interest free loans
 
 
8,115,813
 
 
20,217,257
 
 
10,974,807
 
 
 
Repayment of interest bearing loan
 
 
—
 
 
—
 
 
15,059,000
 
 
 
Interest charged
 
 
—
 
 
—
 
 
850,380
 
 
 
Rental expense
 
 
—
 
 
—
 
 
27,997
 
Zhenjiang Daqo
 
Sales
 
 
9,554,320
 
 
11,111,239
 
 
11,194,197
 
Daqo Solar
 
Sales
 
 
9,595,680
 
 
783,705
 
 
—
 
 
 
Proceeds from interest free loans
 
 
157,241,390
 
 
127,060,826
 
 
60,300,896
 
 
 
Repayment of interest free loans
 
 
166,231,092
 
 
151,990,672
 
 
68,766,506
 
Nanjing Daqo
 
Proceeds from interest free loans
 
 
973,898
 
 
13,456,861
 
 
—
 
 
 
Repayment of interest free loans
 
 
2,921,693
 
 
13,456,861
 
 
—
 
Xinjiang Daqo Investment
 
Proceeds from interest free loans
 
 
98,367,234
 
 
72,946,700
 
 
56,270,085
 
 
 
Repayment of interest free loans
 
 
93,219,846
 
 
73,252,506
 
 
38,715,449
 
Daqo New Material
 
Proceeds from interest free loans
 
 
7,729,501
 
 
11,082,241
 
 
9,607,344
 
 
 
Repayment of interest free loans
 
 
4,600,117
 
 
11,285,114
 
 
12,262,592
 
 
 
Rental expense
 
 
1,071,287
 
 
1,050,661
 
 
993,894
 
Chongqing Daqo Tailai
 
Purchase-Fixed asset
 
 
2,724,790
 
 
375,528
 
 
3,534,248
 
 
 
Purchase-Raw material
 
 
—
 
 
9,938
 
 
—
 
 
 
Income from disposal of fixed assets
 
 
—
 
 
6,458
 
 
—
 
 
 
Proceeds from interest free loans
 
 
—
 
 
6,367,640
 
 
222,517
 
 
 
Repayment of interest free loans
 
 
—
 
 
6,367,640
 
 
2,684,783
 
Others subsidiaries under Daqo Group
 
Proceeds from interest free loans
 
 
636
 
 
—
 
 
—
 
 
 
Repayment of interest free loans
 
 
—
 
 
5,296
 
 
—
 
 
 
Purchase-Fixed asset*
 
 
3,989,686
 
 
3,488,330
 
 
2,120,768
 
 
 
Purchase-Raw material
 
 
—
 
 
22,817
 
 
129,219
 
Total
 
Sales
 
$
19,150,000
 
$
11,894,944
 
$
11,194,197
 
 
 
Income from disposal of fixed assets
 
$
—
 
$
6,458
 
$
—
 
 
 
Purchase-Fixed asset
 
$
7,201,424
 
$
3,863,858
 
$
5,655,016
 
 
 
Purchase-Raw material
 
$
—
 
$
32,755
 
$
129,219
 
 
 
Rental expense
 
$
1,071,287
 
$
1,050,661
 
$
1,021,891
 
 
 
Interest expense
 
$
—
 
$
—
 
 
850,380
 
 
 
Proceeds from related parties loans
 
$
275,134,122
 
$
245,957,818
 
$
126,400,842
 
 
 
Repayment of related parties loans
 
$
275,088,560
 
$
276,575,346
 
$
148,463,137
 
 
*The purchases of fixed assets of $2,120,768 were comprised of purchases from Nanjing Daqo Transformer, Zhenjiang Moeller, Jiangsu Daqo, Intelligent Apparatus and Jiangsu Daqo ETE Electronic in the amount of $1,410,655, $236,415, $336,791, $93,841 and $ 43,066, respectively.