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PREPAID EXPENSE AND OTHER CURRENT ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2017
PREPAID EXPENSE AND OTHER CURRENT ASSETS [Abstract] |
Schedule of Prepaid Expense and Other Current Assets | Prepaid expense and other current assets consist of the following:
|  | December 31, |
|  | 2016 |  | 2017 |
Spare parts |  | $ | 5,732,914 |  | $ | 6,308,655 |
Prepaid value added tax (“VAT”) |  |  | 1,808,141 |  |  | 627,463 |
Prepaid insurance fee |  |  | 259,650 |  |  | 333,425 |
Others |  |  | 226,962 |  |  | 913,024 |
Total |  | $ | 8,027,667 |  | $ | 8,182,567 |

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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