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BORROWINGS (Tables)

12 Months Ended

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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