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RELATED PARTY TRANSACTIONS AND BALANCES (Tables)
 12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Schedule of Related Party Balances, Loans
 
 
December 31,
 
 
 
2017
 
 
2018
 
Amounts due from related parties (continuing operations)
 
 
 
 
 
 
 
 
Xinjiang Daqo Tianfu Thermoelectric
 
$
-
 
 
$
629,495
 
Others
 
 
5,799
 
 
 
185,540
 
Total
 
$
5,799
 
 
$
815,035
 
Amounts due from related parties (discontinued operations)
 
 
 
 
 
 
 
 
Zhenjiang Daqo
 
$
8,585,337
 
 
$
1,453,800
 
Others
 
 
406,303
 
 
 
913,857
 
Total
 
$
8,991,640
 
 
$
2,367,657
 
Schedule of Related Party Balances, Payables
 
 
December 31,
 
 
 
2017
 
 
2018
 
Amounts due to related parties – short term portion (continuing operations)
 
 
 
 
 
 
 
 
Chongqing Daqo Tailai
 
$
494,954
 
 
$
1,825,680
 
Others
 
 
1,342,166
 
 
 
434,327
 
Total
 
$
1,837,120
 
 
$
2,260,007
 
Amounts due to related parties – short term portion (discontinued operations)
 
 
 
 
 
 
 
 
Daqo New Material
 
$
4,852,819
 
 
$
5,314,587
 
Others
 
 
79,959
 
 
 
-
 
Total
 
$
4,932,778
 
 
$
5,314,587
 
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
 
2016
 
 
2017
 
 
2018
 
Daqo Group
 
Proceeds from interest free loans
 
$
-
 
 
$
2,696,513
 
 
$
25,744,800
 
 
 
Repayment of interest free loans
 
 
10,974,807
 
 
 
2,696,513
 
 
 
36,648,480
 
 
 
Repayment of interest bearing loans
 
 
15,059,000
 
 
 
15,495,451
 
 
 
-
 
 
 
Interest charged
 
 
850,380
 
 
 
440,368
 
 
 
-
 
 
 
Rental expense
 
 
27,997
 
 
 
37,756
 
 
 
38,633
 
Zhenjiang Daqo
 
Proceeds from interest free loans
 
 
-
 
 
 
-
 
 
 
10,903,680
 
 
 
Sales
 
 
11,194,197
 
 
 
13,442,273
 
 
 
6,694,997
 
Daqo Solar
 
Proceeds from interest free loans
 
 
60,300,896
 
 
 
40,089,689
 
 
 
55,613,463
 
 
 
Repayment of interest free loans
 
 
68,766,506
 
 
 
40,388,195
 
 
 
55,650,696
 
Nanjing Daqo Transformer
 
Purchase-Fixed assets
 
 
-
 
 
 
-
 
 
 
6,201,243
 
Xinjiang Daqo Investment
 
Proceeds from interest free loans
 
 
56,270,085
 
 
 
14,356,000
 
 
 
3,937,440
 
 
 
Repayment of interest free loans
 
 
38,715,449
 
 
 
14,356,000
 
 
 
4,020,732
 
 
 
Rental expense
 
 
890,168
 
 
 
874,858
 
 
 
895,192
 
Daqo New Material
 
Purchase-Fixed assets
 
 
-
 
 
 
7,390,693
 
 
 
-
 
 
 
Proceeds from interest free loans
 
 
9,607,344
 
 
 
6,029,877
 
 
 
1,893,000
 
 
 
Repayment of interest free loans
 
 
12,262,592
 
 
 
10,818,493
 
 
 
1,893,000
 
 
 
Rental expense
 
 
993,894
 
 
 
976,800
 
 
 
499,752
 
Chongqing Daqo Tailai
 
Purchase-Fixed assets
 
 
3,534,248
 
 
 
715,361
 
 
 
8,240,830
 
 
 
Income from sales of materials
 
 
-
 
 
 
-
 
 
 
15,899
 
 
 
Income from disposal of fixed assets
 
 
-
 
 
 
-
 
 
 
478,565
 
 
 
Proceeds from interest free loans
 
 
222,517
 
 
 
-
 
 
 
6,209,040
 
 
 
Repayment of interest free loans
 
 
2,684,783
 
 
 
-
 
 
 
6,209,040
 
Jiangsu Daqo
 
Purchase-Fixed assets
 
 
-
 
 
 
-
 
 
 
1,326,634
 
Nanjing Daqo Electric
 
Purchase-Fixed assets
 
 
-
 
 
 
-
 
 
 
1,439,332
 
Zhenjiang Electric
 
Purchase-Raw material
 
 
-
 
 
 
-
 
 
 
331,353
 
Others subsidiaries under Daqo Group
 
Purchase-Fixed assets
 
 
2,120,768
 
 
 
80,240
 
 
 
296,887
 
 
 
Purchase-Raw material
 
 
129,219
 
 
 
17,651
 
 
 
13,688
 
Total
 
Sales
 
$
11,194,197
 
 
$
13,442,273
 
 
$
6,694,997
 
 
 
Income from disposal of fixed assets
 
$
-
 
 
$
-
 
 
$
478,565
 
 
 
Income from sales of materials
 
$
-
 
 
$
-
 
 
$
15,899
 
 
 
Purchase-Fixed assets
 
$
5,655,016
 
 
$
8,186,294
 
 
$
17,504,926
 
 
 
Purchase-Raw material
 
$
129,219
 
 
$
17,651
 
 
$
345,041
 
 
 
Rental expense
 
$
1,912,059
 
 
$
1,889,414
 
 
$
1,433,577
 
 
 
Interest expense
 
$
850,380
 
 
$
440,368
 
 
$
-
 
 
 
Proceeds from related parties loans
 
$
126,400,842
 
 
$
63,172,079
 
 
$
104,301,423
 
 
 
Repayment of related parties loans
 
$
148,463,137
 
 
$
83,754,652
 
 
$
104,421,948