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BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2017
BORROWINGS [Abstract] |
Schedule of Bank Borrowings | The Group’s bank borrowings consisted of the following:
|  | December 31, |
|  | 2016 |  | 2017 |
Short-term bank borrowings |  | $ | 55,582,070 |  | $ | 68,400,950 |
Long-term bank borrowings, current portion |  |  | 50,398,250 |  |  | 30,899,168 |
Total borrowings, current |  |  | 105,980,320 |  |  | 99,300,118 |
Long-term bank borrowings, non-current portion |  |  | 111,948,913 |  |  | 113,588,232 |
Total |  | $ | 217,929,233 |  | $ | 212,888,350 |
Schedule of Long-Term Bank Borrowings | The long-term bank borrowings, including current portion, as of December 31, 2016 and 2017 are comprised of:
|  | December 31, |
|  | 2016 |  | 2017 |
Borrowing from Huaxia Bank |  |  | — |  |  | 3,074,200 |
Borrowing from Bank of China |  |  | 33,118,850 |  |  | — |
Borrowing from Chongqing Rural Commercial Bank |  |  | 129,228,313 |  |  | 141,413,200 |
Total |  | $ | 162,347,163 |  | $ | 144,487,400 |
Schedule of Principal Maturities of Long-term Bank Borrowings | The principal maturities of these long-term bank borrowings as of December 31, 2017 are as follows:
Year ending December 31, |  | Amount |
2018 |  | $ | 30,899,168 |
2019 |  |  | 35,972,752 |
2020 |  |  | 33,820,812 |
2021 |  |  | 24,598,212 |
2022 |  |  | 15,375,612 |
2023 |  |  | 3,820,844 |
Total |  | $ | 144,487,400 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + 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 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644 + Details
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