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FAIR VALUE MEASUREMENTS
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS
11. FAIR VALUE MEASUREMENTS
 
Nonrecurring Fair Value Measurements
 
The following table displays assets that were measured at fair value on a non-recurring basis after initial recognition:
 
 
 
Year ended December 31, 2017
 
Description
 
Carrying
amount before impairment losses
 
 
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
 
 
Significant
Other
Observable
Inputs (Level 2)
 
 
Significant
Unobservable
Inputs (Level 3)
 
 
Total Losses
 
Property, plant and equipment – cannot be relocated to 
    Xinjiang plant (Note 3)
 
$
2,987,668
 
 
$
 
 
 
$
 
 
 
$
 
 
$
2,987,668
 
 
 
 
 
Year ended December 31, 2018
 
Description
 
Carrying
amount before impairment losses
 
 
Quoted Prices in

Active Markets

for Identical

Assets (Level 1)
 
 
Significant

Other

Observable

Inputs (Level 2)
 
 
Significant

Unobservable

Inputs (Level 3)
 
 
Total Losses
 
Property, plant and equipment – cannot be relocated to
    Xinjiang plant (Note 3)
 
$
11,482,905
 
 
$
 
 
 
$
 
 
 
$
 
 
$
11,482,905
 
Machinery and equipment related to discontinued wafer
    manufacturing operations (Note 3)
 
$
66,810,621
 
 
$
 
 
 
$
 
 
 
$
59,523,588
 
 
$
7,287,033
 
Total
 
$
78,293,526
 
 
 
 
 
 
 
 
 
 
$
59,523,588
 
 
$
18,769,938