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ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2014

ACQUISITION

Schedule of total consideration the Company paid as at the closing date

Cash consideration			186,716,547
Fair value of the issuance of warrant, net of cash received			7,774,990
​	​	​	​	​
Total consideration paid		$	194,491,537
​	​	​	​	​
​	​	​	​	​

Schedule of assumptions used to determine fair market value of warrants on the grant date through the binomial option pricing model

		As of June 15, 2012
Risk free rate			1.76	%
Volatility ratio			93.50	%
Dividend yield			—

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- Definition

Tabular disclosure of total consideration the entity paid as at the closing date.

+ References

No definition available.

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- Definition

Tabular disclosure of quantitative information about the inputs used in the fair value measurement of liabilities. This disclosure may include, but is not limited to, the fair value of the liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (bbb)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

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