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RELATED PARTY TRANSACTIONS AND BALANCES (Tables) | 12 Months Ended
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Dec. 31, 2017
RELATED PARTY TRANSACTIONS AND BALANCES [Abstract] |
Schedule of Related Party Balances, Loans |
|  | December 31, |
|  | 2016 |  | 2017 |
Amounts due from related parties |  |  |  |  |  |  |
Zhenjiang Daqo |  | $ | 1,449,824 |  | $ | 8,585,337 |
Others |  |  | 78,888 |  |  | 412,102 |
Total |  | $ | 1,528,712 |  | $ | 8,997,439 |
Schedule of Related Party Balances, Payables | The balances are payable on demand and are as follows:
|  | December 31, |
|  | 2016 |  | 2017 |
Amounts due to related parties |  |  |  |  |  |  |
Daqo Group |  | $ | 15,076,133 |  | $ | 6,075 |
Daqo New Material |  |  | 8,323,271 |  |  | 6,014,190 |
Xinjiang Daqo Investment |  |  | 79,197 |  |  | 84,541 |
Chongqing Daqo Tailai |  |  | 2,107,488 |  |  | 494,954 |
Nanjing Daqo Transformer |  |  | 1,022,075 |  |  | 168,774 |
Others |  |  | 221,441 |  |  | 1,364 |
Total |  | $ | 26,829,605 |  | $ | 6,769,898 |
Schedule of Related Party Transactions | The transactions with Daqo Group and its subsidiaries were as follows:
|  | Transaction |  | Year Ended December 31, |
Name of Related parties |  | Nature |  | 2015 |  | 2016 |  | 2017 |
Daqo Group |  | Proceeds from interest free loans |  |  | 15,043,550 |  |  | — |  |  | 2,696,513 |
|  | Repayment of interest free loans |  |  | 20,217,257 |  |  | 10,974,807 |  |  | 2,696,513 |
|  | Repayment of interest bearing loan |  |  | — |  |  | 15,059,000 |  |  | 15,495,451 |
|  | Interest charged |  |  | — |  |  | 850,380 |  |  | 440,368 |
|  | Rental expense |  |  | — |  |  | 27,997 |  |  | 37,756 |
Zhenjiang Daqo |  | Sales |  |  | 11,111,239 |  |  | 11,194,197 |  |  | 13,442,273 |
Daqo Solar |  | Sales |  |  | 783,705 |  |  | — |  |  | — |
|  | Proceeds from interest free loans |  |  | 127,060,826 |  |  | 60,300,896 |  |  | 40,089,689 |
|  | Repayment of interest free loans |  |  | 151,990,672 |  |  | 68,766,506 |  |  | 40,388,195 |
Nanjing Daqo |  | Proceeds from interest free loans |  |  | 13,456,861 |  |  | — |  |  | — |
|  | Repayment of interest free loans |  |  | 13,456,861 |  |  | — |  |  | — |
Xinjiang Daqo Investment |  | Proceeds from interest free loans |  |  | 72,946,700 |  |  | 56,270,085 |  |  | 14,356,000 |
|  | Repayment of interest free loans |  |  | 73,252,506 |  |  | 38,715,449 |  |  | 14,356,000 |
Daqo New Material |  | Proceeds from interest free loans |  |  | 11,082,241 |  |  | 9,607,344 |  |  | 6,029,877 |
|  | Repayment of interest free loans |  |  | 11,285,114 |  |  | 12,262,592 |  |  | 10,818,493 |
|  | Purchase-Fixed assets |  |  | — |  |  | — |  |  | 7,390,693 |
|  | Rental expense |  |  | 1,050,661 |  |  | 993,894 |  |  | 976,800 |
Chongqing Daqo Tailai |  | Purchase-Fixed assets |  |  | 375,528 |  |  | 3,534,248 |  |  | 715,361 |
|  | 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 |  | Repayment of interest free loans |  |  | 5,296 |  |  | — |  |  | — |
|  | Purchase-Fixed assets |  |  | 3,488,330 |  |  | 2,120,768 |  |  | 80,240 |
|  | Purchase-Raw material |  |  | 22,817 |  |  | 129,219 |  |  | 17,651 |
Total |  | Sales |  | $ | 11,894,944 |  | $ | 11,194,197 |  | $ | 13,442,273 |
|  | Income from disposal of fixed assets |  | $ | 6,458 |  | $ | — |  | $ | — |
|  | Purchase-Fixed assets |  | $ | 3,863,858 |  | $ | 5,655,016 |  | $ | 8,186,294 |
|  | Purchase-Raw material |  | $ | 32,755 |  | $ | 129,219 |  | $ | 17,651 |
|  | Rental expense |  | $ | 1,050,661 |  | $ | 1,021,891 |  | $ | 1,014,556 |
|  | Interest expense |  | $ | — |  | $ | 850,380 |  |  | 440,368 |
|  | Proceeds from related parties loans |  | $ | 245,957,818 |  | $ | 126,400,842 |  | $ | 63,172,079 |
|  | Repayment of related parties loans |  | $ | 276,575,346 |  | $ | 148,463,137 |  | $ | 83,754,652 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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