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BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
Schedule of Bank Borrowings | The Group’s bank borrowings consist of the following:
|  | December 31, |
|  | 2017 |  |  | 2018 |
Short-term bank borrowings |  | $ | 43,807,350 |  |  | $ | 34,135,224 |
Long-term bank borrowings, current portion |  |  | 29,976,908 |  |  |  | 4,070,640 |
Total borrowings, current |  |  | 73,784,258 |  |  |  | 38,205,864 |
Long-term bank borrowings, non-current portion |  |  | 111,436,292 |  |  |  | 133,312,370 |
Total |  | $ | 185,220,550 |  |  | $ | 171,518,234 |
Schedule of Short-term Debt | The Group’s short-term bank borrowings consist of the following:
|  | December 31, |
|  | 2017 |  |  | 2018 |
Short-term borrowings guaranteed by Daqo Group and its related parties |  | $ | 43,807,350 |  |  | $ | 29,076,000 |
Short-term borrowings pledged by certificate of deposit |  |  | - |  |  |  | 5,059,224 |
Total |  | $ | 43,807,350 |  |  | $ | 34,135,224 |
Schedule of Long-Term Bank Borrowings | The long-term bank borrowings, including current portion, as of December 31, 2017 and 2018 are comprised of:
|  | December 31, |
|  | 2017 |  |  | 2018 |
Borrowing from Shihezi Rural Cooperative Bank |  | $ | - |  |  | $ | 17,445,600 |
Borrowing from Chongqing Rural Commercial Bank |  |  | 141,413,200 |  |  |  | 119,937,410 |
Total |  | $ | 141,413,200 |  |  | $ | 137,383,010 |
Schedule of Principal Maturities of Long-term Bank Borrowings | The principal maturities of these long-term bank borrowings as of December 31, 2018 are as follows:
Year ending December 31, |  | Amount |
2019 |  | $ | 4,070,640 |
2020 |  |  | 36,345,000 |
2021 |  |  | 40,997,160 |
2022 |  |  | 29,076,000 |
2023 |  |  | 26,894,210 |
Total |  | $ | 137,383,010 |

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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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -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 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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